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Asset Management

  • September 05, 2025

    Taxation With Representation: Milbank, Wachtell, Latham

    In this week's Taxation With Representation, aircraft lessor Air Lease Corp. agrees to a take-private deal, Evernorth Health Services invests billions in Shields Health Solutions, Cadence Design Systems Inc. acquires the design and engineering business of Hexagon AB, and Kraft Heinz Co. plans to split into two independent, publicly traded companies.

  • September 04, 2025

    Hedge Fund Shareholders Push To Dismiss $300M Asset Suit

    A derivative lawsuit from shareholders who allege that leaders of an investment fund allowed an exchange of over $300 million in diversified assets for "worthless" illiquid equity considers a novel issue of Delaware law and should be dismissed without prejudice, counsel for the shareholders told the North Carolina Business Court on Thursday at a hearing.

  • September 04, 2025

    Asset Manager Seeks OK Of $53M Mexican Bank Award

    An asset management firm has urged a New York federal court to enforce a more than $53 million arbitral award it won in a dispute over management fees due under a trust agreement with a Banamex unit.

  • September 04, 2025

    Trader With Middle Name 'Danger' Owes $3.8M In SEC Claims

    A securities trader with the middle name "Danger" who was sentenced to nearly four years in prison after copping to a federal wire fraud charge in connection with a $2.9 million Ponzi scheme, is also on the hook for $3.8 million in disgorgement and prejudgment interest in a parallel U.S. Securities and Exchange Commission suit, a California federal judge has ruled.

  • September 04, 2025

    SEC, sa¹ú¼Ê´«Ã½ Rulemaking Agendas Show Deregulatory Push

    Federal regulators overseeing the financial services sector on Thursday unveiled new rulemaking agendas that they say will return their agencies to their core missions with policies to define authority and limit compliance burdens.

  • September 04, 2025

    Ropes & Gray Leads Carlyle Unit's $20B Secondary Raise

    Guided by Ropes & Gray LLP, a unit of The Carlyle Group said Thursday it has raised $20 billion for its latest secondary fund, which has more than 325 new and existing investors who have committed capital to provide liquidity solutions.

  • September 04, 2025

    NY AG Appeals Toss Of $500M Trump Fine In Civil Fraud Case

    New York's attorney general said Thursday she will challenge an appeals court's decision to throw out what it called an "excessive" $489 million civil fraud penalty against President Donald Trump and his sons, his companies, and executives of his companies.

  • September 04, 2025

    AARP Attys Back Suit Challenging TIAA's 401(k) Management

    AARP attorneys have offered their resources to a proposed class action claiming the Teachers Insurance and Annuity Association of America shirked federal benefits law by failing to cut costly and underperforming proprietary investment funds from its workers' retirement plans.

  • September 04, 2025

    7th Circ. Doubts Investor's Priority To $2.5M In Fraud Funds

    Seventh Circuit judges seemed skeptical Thursday of a real estate banking firm's argument it should have been prioritized over other investors with respect to proceeds from the liquidation of assets related to an alleged $135 million Ponzi scheme, pointing to evidence the firm noticed red flags but dropped the ball in investigating.

  • September 04, 2025

    Returning SPAC Teams Kick Off Fresh IPOs Totaling $400M

    One SPAC targeting growth-focused U.S. businesses began trading on Thursday while another focused on the natural resources and decarbonization sectors was set to begin trading Friday, with the two having raised a combined $400 million in initial public offerings.

  • September 04, 2025

    Quantinuum Hits $10B Valuation After $600M Capital Raise

    Quantum computer developer Quantinuum, advised by Freshfields LLP, on Thursday revealed that it reached a pre-money equity valuation of $10 billion following a $600 million equity raise led by industrial conglomerate Honeywell.

  • September 04, 2025

    5 Firms Guide Rithm Capital's Crestline Buy

    Five firms steered real estate-focused investment firm Rithm Capital Corp.'s purchase of Crestline Management, adding and expanding the firm's private credit, insurance and reinsurance capabilities with the acquisition.

  • September 04, 2025

    Which GCs Sold Stock In August? Carlyle Group And More

    General counsel Jeffrey W. Ferguson, who has been with the Carlyle Group for 26 years, cashed in some $19 million worth of stock in August.

  • September 04, 2025

    Gov't Backs Funds Against Activist Investor Before High Court

    The federal government and the U.S. Chamber of Commerce have filed amicus briefs in support of a group of investment funds that are asking the U.S. Supreme Court to constrain the rights of private parties to file lawsuits under the Investment Company Act.

  • September 04, 2025

    PBM Rule Included In DOL Benefits Arm's Regulatory Update

    The U.S. Department of Labor's employee benefits arm detailed several new regulations in the works Thursday, including a new fee disclosure rule involving pharmacy benefit managers and plans to revisit retirement plan fiduciary investment advice regulations, according to the administration's latest regulatory update.

  • September 04, 2025

    Cube Highways Trust Mulls $600M IPO, Plus More Rumors

    Indian infrastructure investment trust Cube Highways Trust is considering a $600 million initial public offering, premium diaper brand Coterie is in talks to be acquired by consumer goods business Mammoth Brands, and European antitrust regulators have reportedly paused their investigation into ADNOC's $17.1 billion acquisition of German chemicals producer Covestro.

  • September 04, 2025

    Democrats Press Trump's Fed Pick On His Independence

    Stephen Miran, a close ally of President Donald Trump, was sharply questioned by Democratic senators on Thursday about his ability to independently carry out a leadership role at the Federal Reserve's Board of Governors after he said he would refuse to resign from the president's Council of Economic Advisers if confirmed.

  • September 03, 2025

    C3.ai Execs Accused Of Hiding CEO's Health Impact On Co.

    Executives and directors of artificial intelligence software developer C3.ai were hit with a shareholder's derivative suit alleging they inflated company share prices by not disclosing that its CEO's health issues were preventing C3 from closing deals.

  • September 03, 2025

    Conn. Fund Manager Sentenced For $3.4M Fraud Scheme

    A Stamford, Connecticut, man was sentenced Wednesday to four and a half years in prison plus three years of supervised release after admitting he defrauded investors out of $3.4 million through a Greenwich hedge fund he owned.

  • September 03, 2025

    Arkansas Insurance Rule Beats Union Plan's ERISA Challenge

    An Illinois federal judge has tossed a Teamsters healthcare plan's challenge to an Arkansas insurance regulation that aims to protect local pharmacies from under-reimbursement for prescription drugs, saying the regulation doesn't tread on the Employee Retirement Income Security Act's territory.

  • September 03, 2025

    Transit Tech Startup Via Ignites Plans For $450M IPO

    Rideshare and transit services company Via Transportation, which offers software and technology-enabled services to replace aging transportation systems, on Wednesday outlined a price range for its estimated $450 million initial public offering.

  • September 03, 2025

    4 Firms Steer $2.7B Sale Of Aon's NFP Wealth Biz

    Aon said Wednesday it has agreed to sell various business units that make up the majority of NFP's wealth management operations to private equity firm Madison Dearborn Partners in a transaction worth $2.7 billion, with Skadden, Dentons, Paul Weiss and Kirkland representing the parties.

  • September 03, 2025

    Archegos Witness Avoids Prison After 'Extensive' Cooperation

    A former accountant who served as director of risk at Archegos before its fraud-driven collapse avoided prison Wednesday after a Manhattan federal judge said his testimony was crucial in securing the conviction and 18-year prison sentence imposed on fund founder Bill Hwang.

  • September 03, 2025

    2 Firms Advise $300M Investment In Shopping Center REIT

    Charleston, South Carolina-based retail owner Bond Street Real Estate Investment Trust said Sept. 3 that it has attracted a $300 million commitment from private equity firm Conversant Capital in an investment advised by Allen Matkins Leck Gamble Mallory & Natsis LLP and Fried Frank Harris Shriver & Jacobson LLP.

  • September 03, 2025

    Latham-Led Great Hill Clinches 9th Fund With $7B In Tow

    Latham & Watkins LLP-advised private equity shop Great Hill Partners on Wednesday revealed that it wrapped its ninth fund above target after securing $7 billion of commitments.

Expert Analysis

  • Series

    Teaching College Students Makes Me A Better Lawyer

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    Serving as an adjunct college professor has taught me the importance of building rapport, communicating effectively, and persuading individuals to critically analyze the difference between what they think and what they know — principles that have helped to improve my practice of law, says Sheria Clarke at Nelson Mullins.

  • Crunching The Numbers Of Trump SEC's 1st 100 Days

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    During the first 100 days of the second Trump administration, the U.S. Securities and Exchange Commission brought significantly fewer stand-alone enforcement actions than at the beginning of the Biden and the first Trump administrations, with every one of the federal court complaints including allegations of fraudulent conduct, say attorneys at Dentons.

  • Series

    Adapting To Private Practice: From DOJ Enviro To Mid-Law

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    Practitioners leaving a longtime government role for private practice — as when I departed the U.S. Department of Justice’s environmental enforcement division — should prioritize finding a firm that shares their principles, values their experience and will invest in their transition, says John Cruden at Beveridge & Diamond.

  • A Look At Probabilistic Tracing After High Court's Slack Ruling

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    Recent decisions following the U.S. Supreme Court's 2023 ruling in Slack v. Pirani have increased the difficulty of pleading Securities Act claims for securities issued in direct listings by rejecting the use of statistical probabilities to establish that share purchases were traceable to a challenged registration statement, says Jonathan Richman at Brown Rudnick.

  • FDIC Rules Rollback Foretells More Pro-Industry Changes

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    The Federal Deposit Insurance Corp.’s March withdrawal of Biden-era proposals to tighten brokered deposit rules and impose new corporate governance standards shows that acting chair Travis Hill’s commitment to reviewing regulations that may restrict growth and innovation for financial institution and fintech companies is unlikely to flag soon, say attorneys at Cooley.

  • SEC Update May Ease Accredited Investor Status Verification

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    The U.S. Securities and Exchange Commission recently opened a new avenue to verifying accredited investor status, which could encourage more private fund sponsors and other issuers to engage in a general solicitation with less fear that they will lose the offering's exemption from registration under the Securities Act, say attorneys at Simpson Thacher.

  • Legal Ethics Considerations For Law Firm Pro Bono Deals

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    If a law firm enters into a pro bono deal with the Trump administration in exchange for avoiding or removing an executive order, it has an ethical obligation to create a written settlement agreement with specific terms, which would mitigate some potential conflict of interest problems, says Andrew Altschul at Buchanan Angeli.

  • Series

    Playing Football Made Me A Better Lawyer

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    While my football career ended over 15 years ago, the lessons the sport taught me about grit, accountability and resilience have stayed with me and will continue to help me succeed as an attorney, says Bert McBride at Trenam.

  • What Del. Supreme Court LKQ Decision Means For M&A Deals

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    The Delaware Supreme Court's recent decision in LKQ v. Rutledge greatly increases the enforceability of forfeiture-for-competition provisions, representing an important affirmation of earlier precedent and making it likely that such agreements will become more common in M&A transactions, say attorneys at Mayer Brown.

  • 10 Arbitrations And A 5th Circ. Ruling Flag Arb. Clause Risks

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    The ongoing arbitral saga of Sullivan v. Feldman, which has engendered proceedings before 10 different arbitrators in Texas and Louisiana along with last month's Fifth Circuit opinion, showcases both the risks and limitations of arbitration clauses in retainer agreements for resolving attorney-client disputes, says Christopher Blazejewski at Sherin and Lodgen.

  • How High Court's Cornell Decision Will Affect ERISA Suits

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    The U.S. Supreme Court's recent decision in Cunningham v. Cornell, characterizing prohibited transaction exemptions as affirmative defenses, sets the bar very low for initiating Employee Retirement Income Security Act litigation, and will likely affect many plan sponsors with similar service agreements, says Carol Buckmann at Cohen & Buckmann.

  • Series

    Power To The Paralegals: The Value Of Unified State Licensing

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    Texas' proposal to become the latest state to license paraprofessional providers of limited legal services could help firms expand their reach and improve access to justice, but consumers, attorneys and allied legal professionals would benefit even more if similar programs across the country become more uniform, says Michael Houlberg at the University of Denver.

  • 1st Circ. Ruling May Slow SEC Retail Investment Advice Cases

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    The First Circuit's recent ruling, finding the U.S. Securities and Exchange Commission did not substantiate its $93.3 million fine against a retail investment adviser, may raise the threshold on materiality findings in these cases and add a speed bump resulting in fewer such actions, say attorneys at Weil.

  • 10 Soft Skills Every GC Should Master

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    As businesses face shifting regulatory and technological uncertainty, general counsel will need to strengthen certain soft skills to succeed, from admitting when they make a mistake to maintaining a healthy dose of dispassion, says Douglas Brown at Manatt.

  • How Proxy Advisory Firms Are Approaching AI And DEI

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    Institutional Shareholder Services' and Glass Lewis' annual updates to their proxy voting guidelines reflect some of the biggest issues of the day, including artificial intelligence and DEI, and companies should parse these changes carefully, say attorneys at Cahill Gordon.

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