Asset Management

  • June 24, 2026

    Cleary-Led Korean Tech Giant SK Hynix Targets $29B US IPO

    South Korea-based flash memory chipmaker SK Hynix on Wednesday filed plans with U.S. regulators for an initial public offering that could raise up to $29.4 billion.

  • June 24, 2026

    Investment Fund Hit With Class Action For Claimed $60M Loss

    Lack of oversight and transparency within a private investment fund resulted in the purported loss of nearly $60 million after a board member is said to have siphoned the money away, according to a putative class action filed in the North Carolina Business Court.

  • June 24, 2026

    Wells Fargo Forfeiture Suit Falls Short Again

    A Minnesota federal judge tossed a proposed class action against Wells Fargo alleging the bank misspent 401(k) forfeitures, holding on Wednesday for a second time that the ex-worker who sued lacked standing to bring his claims.

  • June 24, 2026

    Big Banks Clear Fed Stress Tests Amid Capital Rule Overhaul

    The Federal Reserve said Wednesday the nation's biggest banks have sufficient capital to withstand a severe recession, giving them passing marks in the latest round of stress tests as federal regulators work on a broader capital rule overhaul.

  • June 24, 2026

    'Hard-Money' Lenders Guilty Of Stealing Upfront Fees

    A Manhattan federal jury convicted two Florida men of using their "hard-money" commercial real estate finance company to steal $18 million in upfront fees, after prosecutors said they defrauded developers to whom they never intended to extend loans.

  • June 23, 2026

    Landmark Housing Bill Heads To Trump After House Vote

    The U.S. House of Representatives on Tuesday overwhelmingly passed an amended version of landmark housing legislation focused on expanding housing supply and lowering housing costs with a 358-32 vote, putting it on the track to President Donald Trump's desk.

  • June 23, 2026

    Hedge Fund To Pay Avis $650M In Short-Swing Profit Fight

    Pentwater Capital Management has agreed to pay Avis Budget $650 million to resolve allegations that the Naples, Florida-based hedge fund violated the Securities Exchange Act's short-swing profits rule by quickly loading up on shares and cash swaps and then dumping shares at the height of a short squeeze.

  • June 23, 2026

    Feds' Capital Revamp Has A Dodd-Frank Problem, Critics Say

    Big banks are broadly pleased with a draft capital-rule overhaul that federal regulators project would deliver the biggest capital relief in a generation, but critics say it rests on shaky legal ground that the banking agencies have "astoundingly" ignored.

  • June 23, 2026

    SEC Urged To Adopt CAT To Fix Market Surveillance Tool

    The national stock exchanges that run a key market surveillance tool have told the U.S. Securities and Exchange Commission there is "no realistic fallback" that could replace the tool as the SEC looks for ways to trim the tool's budget, but some are urging the agency to take over funding and ownership of the database known as the consolidated audit trail. 

  • June 23, 2026

    Stock Bought Too Late For Breakup Fee Suit, Judge Says

    A New York federal judge has dismissed an investor suit claiming that the top brass of the sponsor of a blank check company unfairly claimed a $29 million settlement despite missing a deadline to merge with another company, finding that the investor purchased shares after the breakup fee of the failed merger was disclosed.

  • June 23, 2026

    UnitedHealth Trims But Can't Escape 401(k) Forfeiture Suit

    UnitedHealth Group won dismissal of some claims in a proposed class action alleging the company mismanaged its employee 401(k) and profit sharing plan by misallocating forfeitures, but couldn't escape allegations that the way the company spent the funds breached fiduciary duties and caused transactions prohibited by federal benefits law.

  • June 23, 2026

    SEC Sends E-Delivery Proposal To White House

    The U.S. Securities and Exchange Commission could soon put forth a proposal amending the rules for providing electronic statements to investors, following recent comments from SEC Chair Paul Atkins that changes to the opt-in model are "long overdue."

  • June 23, 2026

    Class Certified In Konica Minolta Workers' Severance Dispute

    A New Jersey federal judge Tuesday agreed to certify a class of workers alleging Konica Minolta used an office relocation as a guise to conduct a mass layoff without having to pay severance.

  • June 23, 2026

    Vimeo Owner Bending Spoons Launches Plans For $1.6B IPO

    Italian mobile app developer Bending Spoons has unveiled terms for an estimated $1.6 billion initial public offering steered by Latham & Watkins LLP and Milbank LLP.

  • June 23, 2026

    Investors Say Franklin's Putnam Unit Overvalued Funds

    Franklin Templeton's Putnam Funds failed to disclose accounting practices that led to inflated net asset value calculations and saddled investors with higher costs, according to a proposed $100 million class action filed in Massachusetts state court.

  • June 23, 2026

    ADP Strikes Deal In Sweeping 401(k) Class Action

    Payroll processing company ADP has agreed to settle a 50,000-member class action alleging it kept expensive, underperforming investment options in its 401(k) plan and funneled millions of dollars from employees' retirement savings to a subsidiary, according to a filing in New Jersey federal court.

  • June 23, 2026

    Ropes & Gray Picks Up Paul Weiss Financial Services Pro

    Ropes & Gray LLP has brought over a lawyer from Paul Weiss Rifkind Wharton & Garrison LLP to lead its financial services group, adding an attorney with private practice and in-house experience to its office in the nation's capital, the firm said Tuesday.

  • June 23, 2026

    Clifford Chance Adds Ex-V&E Debt Finance Atty In Houston

    Clifford Chance LLP announced on Monday the hiring of a former Vinson & Elkins LLP attorney as a finance and derivatives partner in its Houston office.

  • June 23, 2026

    Menlo Ventures Raises $3B To Back AI Companies

    Menlo Park, California-based venture capital firm Menlo Ventures, led by Cooley LLP, on Tuesday revealed that it has raised $3 billion in new capital to invest in artificial intelligence companies at every stage of the life cycle.

  • June 23, 2026

    Energy Fuels, VAC Ink $1.9B Magnet Deal Steered By 4 Firms

    Energy Fuels Inc. said Tuesday that it has agreed to acquire Vacuumschmelze GmbH & Co. KG and Ara VAC TopCo US LLC, collectively known as VAC, from Ara Partners for about $1.9 billion in cash and stock. 

  • June 22, 2026

    Senate Overwhelmingly Passes Landmark Housing Legislation

    The U.S. Senate on Monday passed an amended version of landmark housing legislation focused on expanding housing supply and lowering housing costs with an 85-5 vote.

  • June 22, 2026

    OCC Pitches Anti-Illicit Finance Rules For Stablecoin Issuers

    The Office of the Comptroller of the Currency issued a plan Monday to implement Bank Secrecy Act and sanctions compliance standards for stablecoin issuers, folding in a past plan from Treasury Department regulators and marking the latest regulatory proposal under the federal stablecoin framework known as the Genius Act.

  • June 22, 2026

    SEC Signals Interest In Novel ETF Rulemaking

    The U.S. Securities and Exchange Commission could soon ask the public what it thinks about new types of exchange-traded funds that some companies have proposed, potentially moving a step closer to writing rules for the fund industry as prediction market ETFs await the agency's approval.

  • June 22, 2026

    3 IPOs Could Raise $791M Combined As Listings Surge

    Three companies spanning the broadband infrastructure, silver mining and e-scooter industries launched plans Monday for initial public offerings that could raise a combined $791 million if they price as planned during the week of June 29.

  • June 22, 2026

    3rd Circ. Backs Quest Over Claims Of Bad 401(k) Management

    The Third Circuit on Monday affirmed Quest Diagnostics Inc.'s victory over a proposed class action accusing the company of mismanaging its employee 401(k) plan, holding the company followed a prudent process in deciding to retain two challenged investment funds despite periods of underperformance.

Expert Analysis

  • Where 5th Circ. Ruling Fits In ERISA Arbitration Landscape

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    The Fifth Circuit's recent decision in Parrott v. International Bancshares, holding that an Employee Retirement Income Security Act plan may consent to arbitration, must be understood against the backdrop of a developing body of appellate authority addressing ERISA arbitration, say attorneys at Gibson Dunn.

  • Navigating Exclusion Decisions After SEC's No-Action Change

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    Following the U.S. Securities and Exchange Commission's November changes to the Rule 14a-8 no-action letter process, shareholder proponents have turned to litigation if companies excluded their proposals under the new framework, with three recent cases offering useful lessons for companies navigating exclusion decisions this proxy season, say attorneys at Cleary.

  • 5 Different AI Systems Raise Distinct Privilege Issues

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    A New York federal court’s recent U.S. v. Heppner decision, holding that a defendant’s use of Claude was not privileged, only addressed one narrow artificial intelligence system, but lawyers must recognize that the spectrum of AI tools raises different confidentiality and privilege questions, says Heidi Nadel at HP.

  • Opinion

    AI-Assisted Arbitration Needs Safeguards To Ensure Fairness

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    As tribunals and arbitral institutions increasingly use artificial intelligence tools in their decision-making processes, ​​​​​​​clear disclosure standards and procedural safeguards are necessary to ensure that efficiency gains do not erode the fairness principles on which arbitration depends, says Alexander Lima at Wesco International.

  • Series

    Playing Piano Makes Me A Better Lawyer

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    Playing piano and practicing law share many parallels relating to managing complexity: Just as hearing an entire musical passage in my head allows me to reliably deliver the message, thinking about the audience's impression helps me create a legal narrative that keeps the reader engaged, says Michael Shepherd at Fish & Richardson.

  • AI-Generated Doc Ruling Guides Attys On Privilege Risks

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    A New York federal court's ruling, in U.S. v. Heppner, that documents created by a defendant using an artificial intelligence tool were not privileged, can serve as a guide to attorneys for retaining attorney-client or work-product privilege over client documents created with AI, say attorneys at Sher Tremonte.

  • The Law Firm Merger Diaries: Leadership Strategy After Day 1

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    For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleading, says Peter Michaud at Ballard Spahr.

  • Clearing US Legal Hurdles To Biz Opportunities In Venezuela

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    Companies evaluating foreign investment or activity in Venezuela given the U.S. government's recently announced plans to reinvigorate its natural resources should take specific steps to minimize risks connected to interactions with restricted parties given the web of U.S. counterterrorism, anticorruption and sanctions controls, say attorneys at King & Spalding.

  • Calif.'s Civility Push Shows Why Professionalism Is Vital

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    The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.

  • Del. Dispatch: Workplace Sexual Misconduct Liability In Flux

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    Following the Delaware Court of Chancery's recent contradictory rulings in sexual misconduct cases involving eXp World, Credit Glory and McDonald's, it's now unclear when directors' or officers' fiduciary duties may be implicated in cases of their own or others' sexual misconduct against employees, say attorneys at Fried Frank.

  • US-Ukraine Reconstruction Fund Tax Exemptions Uncertain

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    Tax provisions in the bilateral agreement to establish the U.S.-Ukraine Reconstruction Investment Fund, which recently announced it is accepting applications, are so broad and imprecise as to leave uncertainty regarding whether and when tax exemptions will apply to investors' income, say attorneys at Avellum and Debevoise.

  • Series

    Trivia Competition Makes Me A Better Lawyer

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    Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.

  • Series

    Law School's Missed Lessons: What Cross-Selling Truly Takes

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    Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.

  • CFIUS Initiative May Smooth Way For Some Foreign Investors

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    A new program that will allow certain foreign investors to be prevetted and admitted to fast-track approval by the Committee on Foreign Investment in the United States will likely have tangible benefits for investors participating in competitive M&A, say attorneys at Simpson Thacher.

  • Series

    Judges On AI: Practical Use Cases In Chambers

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    U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.

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