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Asset Management
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									September 23, 2025
									Privy Council Backs Undoing Fund's $230M Madoff Claim SaleThe top appeals court for U.K. overseas territories has endorsed a successful U.S. appeal brought by the liquidator of an overseas Bernard L. Madoff feeder fund to undo its allegedly imprudent sale of its $230 million claim against the Ponzi schemer's defunct firm to a hedge fund. 
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									September 23, 2025
									AI Health Benefits Platform Secures $400M In New FundingEnterprise health technology company Capital Rx Inc. announced Tuesday that it has secured a $400 million investment and will subsequently rebrand as Judi Health to "better reflect its roots" as a full-service health benefits technology company. 
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									September 22, 2025
									Oracle To Secure TikTok Users' Data In Deal To Skirt US BanTech giant Oracle will be tasked with safeguarding U.S. TikTok users' personal data, and the app's recommendation algorithm will be "retrained" and operated outside the control of TikTok's Chinese parent company under a deal that President Donald Trump is expected to sign this week to avert a shutdown of TikTok, the White House said Monday. 
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									September 22, 2025
									Davis Polk, Goodwin Guide $675M Bitcoin Treasury MergerStrive Inc. announced Monday that it plans to purchase $675 million worth of bitcoin and acquire Semler Scientific Inc. in an all-stock transaction in a deal guided by Davis Polk & Wardwell LLP and Goodwin Procter LLP. 
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									September 22, 2025
									SEC Sues NC Man For 'Free-Riding' Securities SchemeA North Carolina man faces U.S. Securities and Exchange Commission allegations that he systematically gamed certain broker-dealers to engage in a so-called free-riding scheme that enabled him to trade nearly $900,000 worth of securities despite not actually possessing the funds to do so. 
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									September 22, 2025
									Judge Blocks New Claims In BNY Mellon Self-Dealing SuitA pair of investors with the Bank of New York Mellon can't use an amended complaint to raise a relatively new theory of liability against the bank nearly five years after filing their original suit, a Pennsylvania federal judge ruled Monday. 
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									September 22, 2025
									UK, US To Collaborate On Capital Markets, Crypto PolicyThe U.S. Department of the Treasury and the United Kingdom's financial ministry on Monday announced the formation of a joint taskforce to explore ways to collaborate on digital asset policy and "improve links" between the two countries' capital markets. 
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									September 22, 2025
									Investors Dunk Battle For Portland Hoops Team In ChanceryAn arm of sports, real estate and consumer goods venture RAJ Capital LLC sued on Monday in Delaware's Court of Chancery for a temporary restraining order enjoining interests of the Cherng Family Trust from pursuing deals, equity or other involvement in the NBA's Portland Trail Blazers. 
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									September 22, 2025
									Chancery Orders New Doc Handover In Crypto Co. Merger SuitA busted crypto-venture merger battle resurrected by Delaware's Supreme Court last year took another turn Monday with a ruling by Delaware's chancellor compelling Galaxy Digital Holdings LLC's handover of records that crypto-wallet business Bitgo Holdings Inc. said ties Galaxy to an alleged crypto pump-and-dump scheme. 
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									September 22, 2025
									J&J Ruling Misapplied Goldman Precedent, 3rd Circ. ToldThe U.S. Chamber of Commerce and other business organizations are supporting Johnson & Johnson's call for the full Third Circuit to reconsider a ruling that the groups argue could "saddle" companies with investor class-action suits through the misapplication of a recent U.S. Supreme Court ruling. 
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									September 22, 2025
									NJ Judge Nixes Investment Fund's Bid For Emails In Bias SuitA Black-owned investment fund accusing New Jersey officials of bias cannot access emails from Gov. Phil Murphy and two of his Cabinet members because the information falls "squarely" within executive privilege, a magistrate judge said Monday, overruling the firm's objections to a special discovery master's report. 
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									September 22, 2025
									Catching Up With Delaware's Chancery CourtLast week, Match.com secured approval for a $30M settlement over its 2019 reverse spinoff from IAC, and Vice Chancellor Morgan T. Zurn urged decorum among Delaware lawyers, comparing recent legal turmoil to dark times in British monarchy history. Here's the latest from the Chancery Court. 
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									September 22, 2025
									Toy Company Eyes UBS Records Amid FINRA ArbitrationA toy company whose brands include Bratz dolls and Little Tikes has urged an Iowa federal judge to unseal records that it says will bolster its arbitration against UBS over claims that the global wealth manager wrongly advised the company to short-sell Tesla stock. 
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									September 22, 2025
									Business Management Co. Valued At $1.5B After TPG PlugBritish business management platform Tide, advised by Herbert Smith Freehills Kramer LLP, on Monday revealed that it has reached a $1.5 billion valuation following a $120 million investment led by private equity giant TPG. 
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									September 22, 2025
									Atlas Holdings Buying Office Depot Owner In $1B DealThe ODP Corp. said Monday that it has agreed to be acquired by an affiliate of Atlas Holdings for $28 per share in cash, valuing the company at about $1 billion. 
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									September 22, 2025
									PE-Backed Flood Insurance Provider Neptune Eyes $350M IPOFlorida-based residential and commercial flood insurer Neptune Insurance said Monday that it is seeking a valuation of $2.76 billion in an initial public offering next week advised by Orrick Herrington & Sutcliffe LLP and Davis Polk & Wardwell LLP. 
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									September 22, 2025
									Kirkland, DLA Piper Steer Thoma Bravo's $1.4B PROS BuyArtificial intelligence-powered service pricing and selling solutions company PROS Holdings Inc., advised by DLA Piper LLP, on Monday announced plans to go private after being bought by Kirkland & Ellis LLP-led private equity giant Thoma Bravo in an all-cash deal that values the software company at $1.4 billion. 
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									September 22, 2025
									4 Firms Build Patient Square's $2.6B Premier Take-Private DealTechnology-driven healthcare company Premier Inc. on Monday announced plans to go private after being bought by healthcare investment firm Patient Square Capital in a transaction valued at $2.6 billion that was built by four law firms. 
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									September 19, 2025
									Goodwin, Latham Steer E-Commerce Co. Pattern's $300M IPOTop Amazon.com reseller Pattern Group Inc. kicked off its public-market trading debut on the Nasdaq on Friday with a $300 million initial public offering guided by Goodwin Procter LLP, and Latham & Watkins LLP represented the underwriters, which include Goldman Sachs & Co. LLC and J.P. Morgan. 
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									September 19, 2025
									SEC Dem Fears 'High-Speed Collision' In Private MarketsThe U.S. Securities and Exchange Commission's sole Democrat urged the agency on Friday to pay more than "lip service" to investor protection as it considers allowing more everyday Americans to access private markets, warning that the commission was headed for a "high-speed collision" if it doesn't change course. 
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									September 19, 2025
									NC Atty Charged With Embezzlement, Elder Fund ExploitationA North Carolina attorney is facing 14 charges of embezzlement related to funds he allegedly rerouted to personal accounts that belonged to both his former law firm Walker Kiger PLLC and former clients. 
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									September 19, 2025
									Texas AG Appeals Ruling That Blocked ESG Proxy LawTexas Attorney General Ken Paxton is appealing to the Fifth Circuit a federal judge's order temporarily blocking a new state law requiring proxy advisory firms to disclose when their advice stems from factors such as diversity and inclusion. 
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									September 19, 2025
									Dems Want Answers On Delayed FinCEN Adviser RuleSen. Elizabeth Warren and other congressional Democrats have pressed Treasury Secretary Scott Bessent on the department's decision to postpone a rule they said addresses a money laundering vulnerability of the U.S. investment adviser sector, saying the decision puts national security and the economy at risk. 
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									September 19, 2025
									FTX Trust Says Bankruptcy Laws Apply To Binance FounderThe recovery trust created by the Chapter 11 plan of cryptocurrency exchange FTX told a Delaware judge late Thursday that the bankruptcy court has jurisdiction over Binance and its founder in a $1.76 billion clawback suit, and that bankruptcy laws apply to entities outside the United States. 
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									September 19, 2025
									Co. Tied To Lehman Ex-Restructuring Chief Faces Loan SuitA holding company linked to Lehman Brothers' post-2008 era restructuring professional defaulted on a commercial loan secured by a large office building and now owes a reinsurer about $19.5 million, according to a lawsuit brought in North Carolina's business court. 
Expert Analysis
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								Series Law School's Missed Lessons: Rejecting Biz Dev Myths  Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new business opportunities, but by dismissing these misguided beliefs, even an introverted first-year associate with a small network of contacts can find long-term success, says Ronald Levine at Herrick Feinstein. 
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								Shareholder Takeaways From NY Internal Affairs Doctrine Suit  A May New York Court of Appeals decision in Ezrasons v. Rudd involving Barclays — affirming the state's "firmly entrenched" internal affairs doctrine — is a win for all corporate stakeholders seeking stability in resolving disputes between shareholders and directors and officers, say attorneys at Sadis & Goldberg. 
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								Move Beyond Surface-Level Edits To Master Legal Writing  Recent instances in which attorneys filed briefs containing artificial intelligence hallucinations offer a stark reminder that effective revision isn’t just about superficial details like grammar — it requires attorneys to critically engage with their writing and analyze their rhetorical choices, says Ivy Grey at WordRake. 
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								Early Trends In Proxy Exclusion After SEC Relaxes Guidance  The U.S. Securities and Exchange Commission’s recent guidance broadening shareholder proposal exclusion under Rule 14a-8 has been undoubtedly useful to issuers this proxy season, but it does not guarantee exclusion, say attorneys at Debevoise. 
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								Best Practices For State Banks Eyeing Federal Conversions  Amid a notable uptick — fueled by ongoing regulatory upheaval — in state-chartered banks exploring conversion to national bank charters, banks contemplating the decision should weigh the benefits, like uniform supervision, and potential impediments, like costly exam fees, say attorneys at Skadden. 
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								9th Circ. Has Muddied Waters Of Article III Pleading Standard  District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to questions of Article III standing, and the circuit court itself has only perpetuated this confusion — making it an attractive forum for disputes that have no rightful place in federal court, say attorneys at Gibson Dunn. 
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								Series Competing In Modern Pentathlon Makes Me A Better Lawyer  Opening myself up to new experiences through competing in modern Olympic pentathlon has shrunk the appearance of my daily work annoyances and helps me improve my patience, manage crises better and remember that acquiring new skills requires working through your early mistakes, says attorney Mary Zoldak. 
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								Shifting DEI Expectations Put Banks In Legal Crosshairs  The Trump administration's rollbacks on DEI-friendly policies create something of a regulatory catch-22 for banks, wherein strict compliance would contradict established statutory and administrative mandates regarding access to credit for disadvantaged communities, say attorneys at Husch Blackwell. 
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								DOJ Memo Lays Groundwork For Healthy Bank Sponsorships  The U.S. Department of Justice's recent digital asset policy shift offers potential clarity in the murky waters of sponsor bank relationships, presenting nontraditional financial companies with both a moment of opportunity and a test of maturity, say attorneys at Arnall Golden. 
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								Series Law School's Missed Lessons: Teaching Yourself Legal Tech  New graduates often enter practice unfamiliar with even basic professional software, but budding lawyers can use on-the-job opportunities to both catch up on technological skills and explore the advanced legal and artificial intelligence tools that will open doors, says Alyssa Sones at Sheppard Mullin. 
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								Texas Targets Del. Primacy With Trio Of New Corporate Laws  Delaware has long positioned itself as the leader in attracting business formation, but a flurry of new legislation in Texas aimed at attracting businesses to the Lone Star State is aggressively trying to change that, says Andrew Oringer at the Wagner Law Group. 
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								How AI May Reshape The Future Of Adjudication.png)  As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to experiment, lead public courts to evolve and force attorneys to adapt, says Christopher Seck at Squire Patton. 
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								When Legal Advocacy Crosses The Line Into Incivility  As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just a matter of tone; it's a marker of skill, credibility and potentially disciplinary exposure, says Nate Sabri at Perkins Coie. 
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								Two Bills Promise A Crypto Revamp, But Not A Done Deal Yet  Recent efforts in Congress toward an updated regulatory framework for digital assets have led to two bills — the GENIUS Act and the CLARITY Act — that represent the most consequential legislative developments yet in the push for coherent, pro-innovation, reliable regulation for the industry, but both face multiple hurdles, says Mike Katz at Manatt. 
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								Series Volunteering At Schools Makes Me A Better Lawyer  Speaking to elementary school students about the importance of college and other opportunities after high school — especially students who may not see those paths reflected in their daily lives — not only taught me the importance of giving back, but also helped to sharpen several skills essential to a successful legal practice, says Guillermo Escobedo at Constangy. 
