Asset Management

  • June 12, 2026

    Former Pot Co. Execs And Wrigley Heir Settle Stock Fraud Suit

    A group of former executives for medical marijuana company Parallel and the heir to the Wrigley gum fortune have reached a settlement in principle to end claims that Wrigley lied about share prices to lure in executive talent.

  • June 12, 2026

    Taxation With Representation: Gibson Dunn, Davis Polk, S&C

    In this week's Taxation With Representation, SpaceX prices a $75 billion initial public offering at its designated price range, Apollo Global Management leads a capital commitment for a Broadcom initiative to build artificial intelligence infrastructure for companies including Anthropic, and pharma giant GSK acquires cancer therapy specialist Nuvalent.

  • June 12, 2026

    Trader Admits Fib To SEC, Avoids $600M Fraud Trial

    A former California investment executive told a Manhattan federal judge Friday that he lied to the U.S. Securities and Exchange Commission, copping to a lesser count of obstruction after prosecutors initially charged him with a $600 million "cherry-picking" fraud.

  • June 11, 2026

    Gibson Dunn, Davis Polk Launch SpaceX's Record $75B IPO

    Elon Musk's SpaceX on Thursday priced a $75 billion initial public offering at its designated price range, represented by Gibson Dunn & Crutcher LLP and underwriters' counsel Davis Polk & Wardwell LLP, marking the largest IPO in history.

  • June 11, 2026

    Workers Hit Chiron Financial With Unpaid Wage Suit

    Chiron Financial didn't pay 17 of its workers when it was having money trouble, a proposed class action in Texas federal court alleges, seeking to recoup the money that the workers say they're owed.

  • June 11, 2026

    Sports Prediction Co. Wins CFTC OK To Launch Event Market

    Sports prediction company ProphetX on Thursday received approval from the U.S. Commodity Futures Trading Commission to register as a federally regulated prediction market exchange focused on sports-based event contracts, becoming the first American sports-native, direct-clearing prediction market to launch and operate in full compliance with federal law.

  • June 11, 2026

    Another GOP Nominee For SEC Could Violate Law, Dems Say

    Senate Banking Committee Democrats are warning the White House not to put another Republican on the U.S. Securities and Exchange Commission without also naming a Democrat, saying it would violate a federal mandate for partisan balance.

  • June 11, 2026

    CFTC Eyes Faster 30% Whistleblower Awards In Small Cases

    The U.S. Commodity Futures Trading Commission is looking to amend its whistleblower rules to align with those of the U.S. Securities and Exchange Commission and to establish an immediate minimum 30% payout for whistleblower awards of $5 million or less.

  • June 11, 2026

    KKR, Partners Back Helix AI Infrastructure Venture With $10B

    Private equity firm KKR, the Kuwait Investment Authority and Texas-based power generation company Vistra said Thursday they've launched a $10 billion company to deliver infrastructure needed for hyperscalers to meet demand for artificial intelligence technology.

  • June 11, 2026

    SEC Proposes Rescinding Trade-Through Rule

    The U.S. Securities and Exchange Commission on Thursday proposed rescinding its rule preventing exchanges from executing trades at lower prices than the best displayed price available on other exchanges, with SEC Chairman Paul Atkins calling the measure "a grave misstep."

  • June 11, 2026

    Ohtani Ball Fight 'Could Easily Be Settled,' Fla. Judge Says

    The Florida state judge overseeing a three-way dispute over ownership of a record-breaking home run ball by baseball star Shohei Ohtani did not indicate at a hearing Thursday whether he would send the case to a jury, but did suggest to the parties that the case "could easily be settled."

  • June 11, 2026

    Via Transportation Hit With Investor Suit Over $493M IPO

    Technology company Via Transportation Inc. and certain executives and underwriters face a proposed investor class action alleging that the company failed to disclose slowing growth and challenges to expanding its business in the German market before its roughly $493 million initial public offering in September 2025.

  • June 11, 2026

    Cancer Diagnostics Firm Ignite Inks $150M SPAC Merger

    Precision oncology startup Ignite Proteomics LLC will merge with special purpose acquisition company Copley Acquisition Corp. in a deal valuing Ignite at a pro forma enterprise value of $150 million, the companies announced Thursday.

  • June 11, 2026

    Lawmakers Reintroduce Bill To Rein In Big Tech Platforms

    Lawmakers reintroduced legislation in the U.S. Senate on Thursday that would impose new rules on large technology platforms, barring them from blocking competition and undermining rivals by giving their own products and services an unfair advantage.

  • June 11, 2026

    US Chamber Says ERISA Suit Could Shrink 401(k) Choices

    The U.S. Chamber of Commerce urged a California federal judge to toss a suit claiming a car dealership company misused forfeited funds and chose opaque investment options for its $1 billion 401(k) plan, warning the case could hurt retirement savers by leading to fewer investment options.

  • June 11, 2026

    B. Riley Buyout Suit Nears $4.35M Settlement

    A proposed $4.35 million settlement would end a Delaware Chancery Court stockholder suit accusing former National Holdings Corp. Chairman and CEO Michael Mullen of breaching his fiduciary duties in connection with the company's 2021 sale to B. Riley Financial Inc., according to papers filed Wednesday.

  • June 11, 2026

    11th Circ. Won't Revisit Delta Pilots' Military Bias Suit

    The Eleventh Circuit declined to rethink the dismissal of a suit alleging Delta forced out two pilots because they took military leave, leaving in place a panel's conclusion that they resigned over investigations into whether they misused their sick leave.

  • June 11, 2026

    Justices Curb Private Lawsuits Against Investment Funds

    The U.S. Supreme Court on Thursday said that private parties do not have the right to void contracts that allegedly violate the Investment Company Act absent some other legal dispute, issuing a ruling that limits the types of lawsuits that can be brought under the ICA.

  • June 10, 2026

    Rakoff Frees Big Banks From Investors' Tricolor Fraud Suit

    U.S. District Judge Jed Rakoff in the Southern District of New York on Wednesday threw out an investor suit accusing JPMorgan, Barclays and Fifth Third of facilitating a sprawling alleged fraud by Tricolor Holdings, the bankrupt subprime auto lender.

  • June 10, 2026

    Goodwin, Covington Lead Parabilis' $670M Upsized IPO

    Venture-backed biotechnology firm Parabilis Medicines hit the public markets Wednesday after raising $670 million in its upsized initial public offering.

  • June 10, 2026

    Warren Asks SEC To Delay SpaceX IPO Over 'Troubling' Risks

    U.S. Sen. Elizabeth Warren called on the U.S. Securities and Exchange Commission to delay SpaceX's anticipated $75 billion initial public offering until steps are taken to protect investors and market integrity, expressing concerns that the company's books contain "troubling gaps," and the IPO poses "unique and precedent-setting" risk.

  • June 10, 2026

    5 Firms Guide AI Startup Robseek's $1B SPAC Merger

    Robseek Intelligence Inc. has agreed to go public through a merger with blank-check company QuasarEdge Acquisition Corp. in a deal valuing the AI company at about $1 billion pre-money equity, with five law firms advising across the U.S., China and offshore jurisdictions. 

  • June 10, 2026

    Data Security Biz Valued At $12B After $600M Funding Round

    Data security company Cyera announced Wednesday that it reached a $12 billion valuation after raising $600 million from investors in its latest funding round, quadrupling the company's valuation over the last 18 months.

  • June 10, 2026

    Gibson Dunn Leads Data Center Power Provider's $600M IPO

    Houston, Texas-based ERock, which supplies natural gas power systems to data centers, began trading Wednesday after raising $600 million at the midpoint of its range with Gibson Dunn & Crutcher LLP and Davis Polk & Wardwell LLP advising.

  • June 10, 2026

    RI Adopts Rule Taxing Second Homes Valued Above $1M

    Rhode Island will implement a tax on non-owner-occupied residential properties with assessed values of $1 million or more under a regulation issued by the state Division of Taxation.

Expert Analysis

  • 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.

  • Opinion

    Corporations Should Think Twice About Mandatory Arbitration

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    The U.S. Securities and Exchange Commission's recent acceptance of mandatory arbitration provisions in corporate charters and bylaws does not make them wise, as the current system of class actions still offers critical advantages for corporations, says Mohsen Manesh at the University of Oregon School of Law.

  • A Closer Look At California Financial Regulator's 2026 Agenda

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    California Department of Financial Protection and Innovation Commissioner KC Mohseni in recent remarks demonstrated the regulator's growing importance amid the Consumer Financial Protection Bureau's retreat by debuting expansive goals for 2026, including finalizing rulemaking for the state's digital asset law and expanding enforcement authority around consumer complaints, says John Kimble at Hinshaw.

  • Series

    Trail Running Makes Me A Better Lawyer

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    Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.

  • Navigating New Risks Amid Altered Foreign Issuer Landscape

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    The U.S. Securities and Exchange Commission's potential rulemaking to redefine who qualifies as a foreign private issuer will shape securities regulation and enforcement for decades, affecting not only FPIs and U.S. investors but also the U.S.' position in global capital markets, says Elisha Kobre at Sheppard.

  • Tips From Del. Decision Nixing Major Earnout Damages Award

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    The Delaware Supreme Court recently vacated in part the largest earnout-related damages award in Delaware history, making clear that the implied covenant of good faith and fair dealing cannot be used to rescue parties from drafting choices where the relevant regulatory risk was foreseeable at signing, say attorneys at Sullivan & Cromwell.

  • What Applicants Can Expect From Calif. Crypto License Law

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    With the July effective date for California's Digital Financial Assets Law fast approaching, now is a critical time for companies to prepare for licensure, application and coverage compliance ahead of this significant regulatory milestone that will reshape how digital asset businesses operate in California, say attorneys at MoFo.

  • Malpractice Claim Assignability Continues To Divide Courts

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    Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.

  • How Latest Nasdaq Proposals Stand To Raise Listings Quality

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    Nasdaq's recent proposals stand to heighten both quantitative and qualitative standards for issuers, which, if approved, may bring investors stronger market integrity and access but also raise the listings bar, say attorneys at Norton Rose.

  • Where PCAOB Goes Next After A Year Of Uncertainty

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    The Public Company Accounting Oversight Board will likely bring fewer enforcement matters in 2026, reflecting a notable change in board priorities following the change in administrations, say Robert Cox and Nicole Byrd at Whiteford Taylor and Matthew Rogers at Bridgehaven Consulting.

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