Asset Management

  • January 27, 2023

    Musk's Tesla Tweet Was Thought To Be 'A Hack,' Jury Told

    An automotive industry analyst for JPMorgan said he was "shocked" when Tesla Inc. CEO Elon Musk tweeted in 2018 about a potential plan to take the company private, testifying in a California federal securities trial Friday that his initial reaction was Musk's account had been "hacked." 

  • January 27, 2023

    Grand Jury Eyes StraightPath Execs In $410M Fraud Probe

    A federal grand jury in the Southern District of New York is in the midst of an investigation involving principals of private equity firm StraightPath Venture Partners, who have been accused in a civil case of a scheme that raised $410 million from investors through false promises about purchases of pre-IPO shares in private companies.

  • January 27, 2023

    Sens. Decry 'Sham' Crypto Audits To Accounting Regulator

    Two U.S. senators are calling on the Public Company Accounting Oversight Board to take auditors in hand over their work for cryptocurrency firms in the wake of exchange FTX's collapse.

  • January 27, 2023

    Texas High Court Won't Review Recusal Order

    The Texas Supreme Court has denied four petitions for review brought by multiple real estate developers and other parties asking for clarification on a lower court order recusing a judge from three trial court cases.

  • January 27, 2023

    Pharma Co. Hit With 2nd Suit Over $1.8B AstraZeneca Deal

    Biopharmaceutical company CinCor has been hit with a second investor suit over an allegedly false and misleading solicitation statement detailing its $1.8 billion acquisition by European pharmaceutical giant AstraZeneca.

  • January 27, 2023

    White House Discloses Plan To Fund Crypto Research

    Top advisers for President Joe Biden revealed on Friday that the administration was planning to fund the research and development of digital asset technology but was first seeking public input on where to invest its money.

  • January 27, 2023

    HR Tech M&A Logs 2nd Straight $11B Year, Fueled By PE

    Dealmaking activity in the human resources technology space posted a second consecutive $11 billion year in 2022, according to a new report from Hampleton Partners. 

  • January 27, 2023

    Xerox Spinoff, Investors Get Early OK For $32M Deal

    Xerox spinoff Conduent Inc.'s $32 million settlement with the class of investors who accused it of misleading them on upgrades to its electronic tollbooth collections business got an early nod Friday from a New Jersey magistrate judge.

  • January 27, 2023

    BlockFi Cleared For $10M In Ch. 11 Retention Payments

    Bankrupt cryptocurrency investment platform BlockFi received approval Friday from a New Jersey federal judge to pay nearly $10 million in retention bonuses to 125 employees it says are critical to its business, permitting the relief after the company reached a deal with creditors.

  • January 27, 2023

    Edward Jones Says Ex-Employee Solicited 'Five-Star' Clients

    Financial services firm Edward Jones launched a trade secrets suit against a former financial adviser in Illinois federal court, alleging that he printed a list of "five-star clients" and collected client contact information with the intent of soliciting them for his next business venture.

  • January 27, 2023

    Don't Miss It: Skadden, Latham Guide Week's Hot Deals

    A lot can happen in the world of mergers and acquisitions over the course of a week, and it's difficult to keep up with all the deals. Here, Law360 recaps the ones you may have missed, including transactions guided by Skadden and Latham & Watkins.

  • January 27, 2023

    GOP States Sue DOL Over Socially Conscious Investing Rule

    A coalition of 25 Republican state attorneys general sued the U.S. Department of Labor seeking to kill a recently finalized rule governing how retirement plan managers can consider such things as climate change and social justice when making investment decisions, arguing the agency exceeded its authority.

  • January 27, 2023

    SEC Names New Enforcement Director Of Boston Office

    The U.S. Securities and Exchange Commission will bring on a new regional director for its Boston Regional Office enforcement program next week from Bracebridge Capital LLC, tasking him with investigations in an area stretching from Maine to Connecticut, the agency said.

  • January 27, 2023

    3 New Salesforce Directors Part Of 'Board Refreshment'

    Salesforce on Friday named three new board members, including executives from Mastercard and hedge fund ValueAct Capital, calling the appointments part of an "ongoing board refreshment process" as activist investor pressure on the company mounts. 

  • January 27, 2023

    Weil-Led Tritium Snags $684M For Growth-Focused PE Fund

    Private equity firm Tritium Partners, guided by Weil Gotshal & Manges LLP, on Friday announced that its third fund closed with $684 million of committed capital that will focus on investments in technology and services companies.

  • January 27, 2023

    Web Hosting Co. Ionos Targets $3.4B IPO In Germany

    Ionos Group SE is targeting a market capitalization of up to €3.15 billion ($3.4 billion) with an initial public offering in Germany, owners of the web hosting business said Friday, in a move that could revive Europe's IPO market after Porsche AG's flotation in September.

  • January 27, 2023

    Federal Reserve Denies Custodia's Bid For Membership

    The Federal Reserve Board said Friday that it has formally denied a membership application from crypto-focused Custodia Bank, which is vowing to press on with litigation accusing the central bank of singling it out for unfair treatment in its quest for payment system access.

  • January 27, 2023

    Biffa Shares Stop Trading On LSE After £1.3B Takeover

    Shares of Biffa PLC stopped trading on the London Stock Exchange on Friday after the completion of the British waste manager's £1.3 billion ($1.6 billion) takeover by Energy Capital Partners LLC, a U.S. private equity firm.

  • January 26, 2023

    Attys Seek $4.5M Award In Yen-Libor Benchmark-Rigging Suit

    Lowey Dannenberg PC has asked a Manhattan federal judge to approve a $4.5 million award for its work representing investors in a sprawling benchmark-rigging action on the heels of a $22.5 million settlement resolving claims against certain major financial institutions, including Barclays PLC and broker ICAP Europe Ltd.

  • January 26, 2023

    SEC Rejects Ark21Shares Bitcoin ETF Over Fraud Concerns

    The U.S. Securities and Exchange Commission declined Cboe BZX Exchange's request to list the Ark21Shares bitcoin exchange-traded fund Thursday, handing down another rejection citing a much-debated argument that the product can't sufficiently prevent market manipulation.

  • January 26, 2023

    Celsius Can Return Institutional Loan Collateral In Ch. 11

    A New York judge ruled Thursday that bankrupt cryptocurrency platform Celsius Network LLC can handle $115 million in institutional loans in the ordinary course of business, including returning loan collateral.

  • January 26, 2023

    Ex-Investment Company Director Can't Shake SEC Suit

    A Florida federal judge has ruled that a former investment company executive cannot escape a suit by the U.S. Securities and Exchange Commission accusing him of making bad recommendations to investors.

  • January 26, 2023

    UBS, Charity Mismanaged Funds Suit Must Go On, Court Says

    A New York federal judge denied UBS Financial Services Inc.'s bid for dismissal in a suit brought by a charitable trust that claims the trust's creators were manipulated into placing hundreds of millions of dollars of assets under the investment stewardship of a UBS employee who was the son of the foundation's former attorney-trustee.

  • January 26, 2023

    Investors Say Unilever Must Face Israel Boycott Suit

    A proposed investor class claiming Unilever misled shareholders about subsidiary Ben & Jerry's decision to boycott ice cream sales in Israeli-occupied Palestinian territory has asked a New York federal judge not to toss its amended complaint, saying the suit shows the company knew it made false statements.

  • January 26, 2023

    FTX Wants Ch. 11 Subpoenas For SBF, His Family And Execs

    Bankrupt cryptocurrency exchange FTX Trading Ltd. asked a Delaware court Thursday for permission to issue subpoenas to the company's indicted co-founder and ex-CEO, Sam Bankman-Fried, and his family members, seeking information about their personal assets and any transactions they made with the company prior to its Chapter 11 filing.

Expert Analysis

  • High Court Slack Case Not Likely To Broadly Affect Issuers

    Author Photo

    If the U.S. Supreme Court decides in Slack v. Pirani to limit claims under the Securities Act for direct listings to only the purchase of registered shares, it's unlikely to create a free-for-all environment for issuers, as some have claimed, say Susan Hurd and Madeleine Juszynski at Alston & Bird.

  • PCAOB's Tough Enforcement Likely To Continue In 2023

    Author Photo

    The Public Company Accounting Oversight Board took a more vigorous approach to enforcing its rules and auditing standards in 2022, with increased enforcement activity and significantly higher monetary penalties — and it looks poised to continue this approach in 2023, say Robert Cox at Briglia Hundley and Steven Richards at Ankura.

  • 5 Ways Attorneys Can Use Emotion In Client Pitches

    Author Photo

    Lawyers are skilled at using their high emotional intelligence to build rapport with clients, so when planning your next pitch, consider how you can create some emotional peaks, personal connections and moments of magic that might help you stick in prospective clients' minds and seal the deal, says consultant Diana Kander.

  • New Compensation And Benefits Rules Demand Early Action

    Author Photo

    Considering the extent of recent changes to the compensation and benefits legal landscape, employers should work early to allocate responsibility and resources instead of waiting until the fourth quarter, as has been viable in previous years, say attorneys at King & Spalding.

  • 5 Keys To A Productive Mediation

    Excerpt from Practical Guidance
    Author Photo

    Cortney Young at ADR Partners discusses factors that can help to foster success in mediation, including scheduling, preparation, managing client expectations and more.

  • How Appetizing Will Cos. Find The DOJ's New Carrots?

    Author Photo

    The U.S. Department of Justice’s latest corporate enforcement policy updates provide greater incentives for companies that voluntarily self-disclose wrongdoing, but given the potential perils of extraordinary cooperation, companies may find some of these carrots less appetizing, say attorneys at Morgan Lewis.

  • Lessons From SEC Goldman Sachs ESG Policy Adoption Fine

    Author Photo

    The U.S. Securities and Exchange Commission's recent fine over Goldman Sachs' failure to timely implement policies regarding its investment process means registered investment advisers are on notice that the SEC won't accept a "no harm, no foul" defense when marketing materials make promises that an adviser doesn't keep, says Eric Rubenfeld at Fragner Seifert.

  • Crypto Coverage After FTX Fall: D&O Liability

    Author Photo

    The fallout surrounding the recent implosion of cryptocurrency firm FTX highlights potential crypto coverage exposure — including in the area of directors and officers liability — for insurance carriers in the evolving and largely misunderstood world of digital assets, says Anjali Das at Wilson Elser.

  • Why A Bankruptcy Court OK'd Rare Subpoena Via Twitter

    Author Photo

    Identifying and taking possession of estate assets can be disrupted when a debtor's previous owners are obstructionist and live outside the U.S., but a liquidator may be able to creatively serve a subpoena via email or even social media in such a situation, as authorized by a New York bankruptcy court in the recent Three Arrows Capital case, says Kyle Arendsen at Squire Patton.

  • Evaluating The Legal Ethics Of A ChatGPT-Authored Motion

    Author Photo

    Aimee Furness and Sam Mallick at Haynes Boone asked ChatGPT to draft a motion to dismiss, and then scrutinized the resulting work product in light of attorneys' ethical and professional responsibility obligations.

  • For The Future Of ESG, Look To State Bill Trends

    Author Photo

    With legislators in five states signaling their determination to regulate environmental, social and governance investing by prefiling bills for 2023, investment managers trying to predict the future of ESG regulation should study three trends common to these proposed state laws, say Lance Dial and Rachel Mann at Morgan Lewis.

  • 7 Tips To Increase Your Law Firm's DEI Efforts In 2023

    Author Photo

    Law firms looking to advance their diversity, equity and inclusion efforts should consider implementing new practices and initiatives this year, including some that require nominal additional effort or expense, say Janet Falk at Falk Communications and Gina Rubel at Furia Rubel.

  • Series

    Keys To A 9-0 High Court Win: Get Back To Home Base

    Author Photo

    When I argued for the petitioner in Morgan v. Sundance before the U.S. Supreme Court last year, I made the idea of consistency the cornerstone of my case and built a road map for my argument to ensure I could always return to that home-base theme, says Karla Gilbride at Public Justice.

  • The 7th Circ.'s Top 10 Civil Opinions Of 2022

    Author Photo

    Attorneys at Jenner & Block examine the most significant decisions issued by the Seventh Circuit in 2022, and explain how they may affect issues related to antitrust, the False Claims Act,​ ​federal jurisdiction and more.

  • 3 SEC Enforcement Trends To Watch In 2023

    Author Photo

    With the U.S. Securities and Exchange Commission signaling it will continue its aggressive push for reform regulations and prosecute compliance breaches, expect to see intense regulatory focus on several emerging areas at the intersection of securities and technology in 2023, says Brian Lynch at SteelEye.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!