Law360: Asset Management /assetmanagement?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Asset Management Copyright 2025 saąúĽĘ´«Ă˝. en-US Thu, 11 Dec 2025 23:46:07 +0000 Trump Orders Review Of Proxy Advisers' 'Substantial Power' /assetmanagement/articles/2421306?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2421306 President Donald Trump on Thursday issued an executive order that aims to scrutinize the influence that proxy adviser firms like Institutional Shareholder Services Inc. and Glass Lewis & Co. LLC have, including in relation to diversity, equity and inclusion agendas. Thu, 11 Dec 2025 23:18:07 +0000 FSOC To Tack Toward Deregulation For Growth, Bessent Says /assetmanagement/articles/2421308?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2421308 U.S. Treasury Secretary Scott Bessent said Thursday that the Financial Stability Oversight Council will pivot toward a focus on promoting economic growth through deregulation, charting a new course for the panel that mirrors shifts underway at its member agencies. Thu, 11 Dec 2025 22:46:06 +0000 House Passes Bill To Rev Up Investment, Biz Opportunities /assetmanagement/articles/2421243?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2421243 The U.S. House of Representatives on Thursday passed bipartisan legislation that would revamp securities law by making it easier for entrepreneurs and small businesses to access capital and by expanding investment opportunities in private markets. Thu, 11 Dec 2025 19:53:00 +0000 SEC Must Provide Names To Compliance Chief In Fraud Suit /assetmanagement/articles/2421158?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2421158 An Illinois federal judge on Thursday ordered the U.S. Securities and Exchange Commission to comply with a chief compliance officer's request for the names of agency staffers familiar with his whistleblower claims as he defends allegations that he played a role in a purportedly fraudulent stock offering by a "sham" energy company. Thu, 11 Dec 2025 18:45:46 +0000 Chancery OKs $13M Concord SPAC Deal, Delays Fee Ruling /assetmanagement/articles/2420889?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2420889 Delaware Vice Chancellor Paul A. Fioravanti Jr. on Thursday approved a $13.08 million settlement resolving claims that Concord Acquisition Corp.'s insiders tried to divert a $20 million breakup fee to themselves after the SPAC's failed merger with cryptocurrency company Circle, but he deferred ruling on attorney fees until plaintiffs supply additional time records. Thu, 11 Dec 2025 17:56:19 +0000 Fed Terminates 3 Actions Against Credit Suisse, JPMorgan /assetmanagement/articles/2421126?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2421126 The Federal Reserve said Thursday that it has terminated a trio of enforcement actions against Credit Suisse Group AG and JPMorgan Chase & Co., lifting consent orders that were tied to alleged illicit finance practices and trade surveillance failures. Thu, 11 Dec 2025 17:42:12 +0000 DOJ-UnitedHealth Deal Requiring Home Health Sale OK'd /assetmanagement/articles/2420463?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2420463 A Maryland federal judge signed off on the U.S. Department of Justice settlement resolving its challenge to UnitedHealth's $3.3 billion acquisition of home health and hospice company Amedisys, under a deal requiring the sale of least 164 locations across 19 states. Thu, 11 Dec 2025 17:17:54 +0000 Key Crypto Class Action Trends And Rulings In 2025 /assetmanagement/articles/2418491?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2418491 As the law continued to take shape in the growing area of crypto-assets, this year saw a jump in crypto class action litigation, including noteworthy decisions on motions to compel arbitration and class certification, according to Justin Donoho at Duane Morris. Thu, 11 Dec 2025 17:15:48 +0000 Terraform Founder Gets 15 Years For 'Epic' $40B Crypto Scam /assetmanagement/articles/2420916?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2420916 A Manhattan federal judge hit Terraform founder Do Kwon with a 15-year prison sentence Thursday, saying he caused "real people to lose $40 billion in real money" as he orchestrated a massive fraud that sunk the once high-flying crypto concern. Thu, 11 Dec 2025 16:33:23 +0000 Chancery Skeptical Of B. Riley Investors' Investment Loss Suit /assetmanagement/articles/2420888?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2420888 A vice chancellor in the Delaware Chancery Court on Thursday pressed the lawyer for a B. Riley Financial Inc. stockholder to justify Caremark oversight claims tied to the investment firm's failed bets on the Franchise Group Inc., repeatedly questioning whether the complaint plausibly alleged bad faith board inaction rather than business judgment disagreements.
 Thu, 11 Dec 2025 16:28:19 +0000 Connell Foley Beats DQ Bid In NJ Investment Bias Case /assetmanagement/articles/2421176?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2421176 A federal judge on Thursday threw out a renewed bid by an investment firm suing the state of New Jersey to disqualify the state's counsel at Connell Foley LLP, finding there was no previous attorney-client relationship to justify disqualification. Thu, 11 Dec 2025 10:05:43 +0000 Knitting Makes Me A Better Lawyer /assetmanagement/articles/2397158?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2397158 Stretching my skills as a knitter makes me a better antitrust attorney by challenging me to recalibrate after wrong turns, not rush outcomes, and trust that I can teach myself the skills to tackle new and difficult projects — even when I don’t have a pattern to work from, says Kara Kuritz at V&E. Wed, 10 Dec 2025 22:02:56 +0000 SG Says Justices Should Back Employers In ERISA Split /assetmanagement/articles/2420461?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2420461 The U.S. solicitor general is urging the U.S. Supreme Court to back Home Depot's win in a retirement plan fight with its employees, and in the process, resolve a circuit split in employers' favor over who bears the burden of proving a financial loss from alleged mismanagement. Wed, 10 Dec 2025 21:52:50 +0000 Gov't Urges Justices To Review ERISA Pleading Standard Split /assetmanagement/articles/2420209?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2420209 The U.S. solicitor general and the solicitor of labor said the U.S. Supreme Court needs to clarify that workers must back their suits targeting underperforming retirement funds with proper comparison proof, urging the justices to take up a case taking aim at Parker-Hannifin Corp.'s retirement plan management. Wed, 10 Dec 2025 21:15:13 +0000 Fund Founder Charged With $42M Fraud, SEC Obstruction /assetmanagement/articles/2420721?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2420721 A Canadian citizen was arrested Wednesday in England and indicted on charges that he fraudulently raised more than $42 million from investors he courted on the social media platform Discord and elsewhere, and separately misled lenders in giving him more than $800,000 in credit. Wed, 10 Dec 2025 21:08:53 +0000 Trader Admits To Role In $350M Investment Fraud /assetmanagement/articles/2420628?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2420628 A trader admitted to his role in defrauding dozens of investors out of more than $350 million, according to the U.S. Department of Justice. Wed, 10 Dec 2025 20:02:42 +0000 Willkie, Latham Guide $242M Infrastructure IPO /assetmanagement/articles/2420379?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2420379 Cardinal Infrastructure Group's shares began trading on the Nasdaq on Wednesday, following an over $241 million initial public offering led by Willkie Farr & Gallagher LLP and Latham & Watkins LLP. Wed, 10 Dec 2025 19:05:48 +0000 Tribal Casino Must Face 401(k) Fee Suit Over High Costs /assetmanagement/articles/2419834?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2419834 A tribal hospitality and casino company must face a suit claiming its 401(k) retirement plan was bogged down by exorbitant costs and underperforming investment options, following a New York federal judge's refusal to toss the proposed class action. Wed, 10 Dec 2025 18:24:13 +0000 Colo. Municipal Adviser Can't Block SEC Suspension Efforts /assetmanagement/articles/2420187?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2420187 A Colorado federal judge has dismissed all claims brought by a municipal adviser and his company accusing the U.S. Securities and Exchange Commission of illegally making administrative moves to revoke their registration, finding the court lacks jurisdiction over some claims and that other allegations fail to state claims for relief. Wed, 10 Dec 2025 17:51:06 +0000 Regulate AI With Existing Regs, Financial Industry Lobby Says /assetmanagement/articles/2420525?utm_source=rss&utm_medium=rss&utm_campaign=section /assetmanagement/articles/2420525 The Financial Services Institute on Wednesday recommended that regulators apply existing rules and standards to artificial intelligence, saying they should use new rules only when AI brings "genuinely new issues or significantly alters existing risks."