Asset Management

  • September 03, 2026

    GAO Flags Bank Disclosure Review Gaps After 2023 Failures

    The U.S. Government Accountability Office urged Congress Thursday to consider closing a gap that allows certain publicly traded banks to not make the same type of investor disclosures as banks whose investor filings are reviewed by the U.S. Securities and Exchange Commission, pointing to the bank failures of 2023 as a reason why.

  • September 03, 2026

    SEC Moves To Scrap 'Pay-To-Play' Political Donation Rule

    The U.S. Securities and Exchange Commission on Thursday issued a proposal to rescind a rule regarding political contributions made by investment advisers, which agency Chair Paul Atkins called "overly prescriptive."

  • September 03, 2026

    Australian Mineral Biz To Go Public Via $500M SPAC Deal

    Australian mineral exploration company NT1 Pty Ltd. said Thursday that it will go public in the U.S. by merging with special purpose acquisition company Plutonian Acquisition Corp. II, in a deal that gives NT1 an estimated enterprise value of $500 million.

  • September 03, 2026

    Lithia Motors Gets Trim Of 401(k) Forfeiture, Fund Suit

    A California federal judge agreed to trim claims from a proposed class action against Lithia Motors alleging the car dealership company mismanaged its $1 billion employee 401(k) plan by misallocating forfeitures and offering subpar investments, while also opening discovery on some allegations in the dispute.

  • September 03, 2026

    Leon Black Says 'Intrusive' Epstein Subpoenas Are Invalid

    Rather than appear for a deposition about his connection to child sex offender Jeffrey Epstein, Apollo Global Management co-founder Leon Black sued the House Committee on Oversight and Government Reform and its chairman in Washington, D.C., federal court Thursday, saying subpoenas seeking private nondisclosure agreements exceed the committee's authority.

  • September 03, 2026

    Curaleaf, Aurora Clash Over Merits Of $272M Hostile Bid

    A spat between Curaleaf Holdings Inc. and Aurora Cannabis Inc. is playing out publicly after Aurora's board advised shareholders to reject a $272 million unsolicited takeover bid from the rival marijuana company. 

  • September 03, 2026

    Husch Blackwell Gets Early Win In Ex-Partner's 401(k) Suit

    A Missouri federal court granted Husch Blackwell LLP an early win over a former employee's proposed class action alleging the firm illegally withheld retirement contributions and mismanaged its employee 401(k) plan, finding the ex-partner couldn't prove violations of federal benefits law.

  • September 03, 2026

    KKR Buying Garage Door Co. In $2B Deal, Plus More Rumors

    Private equity firm KKR agreed to acquire garage door repair company A1 Garage Door in a $2 billion deal, Advent International is seeking out more healthcare deals in Australia and New Zealand, and TPG filed confidential plans for an estimated $2.5 billion Malaysian initial public offering of hospital assets.

  • September 03, 2026

    3 Firms Steer Autonomous Truck Tech Co.'s $800M SPAC Deal

    Autonomous trucking technology company Plus Automation Inc. has agreed to go public through a business combination with Texas Ventures Acquisition III Corp. in a deal that values PlusAI at an $800 million pre-money equity value, the companies said Thursday.

  • September 02, 2026

    Banks Can Discuss Fraud Without Disclosing SARs

    The U.S. Department of the Treasury's financial crimes unit and other financial regulators said Wednesday that banks can communicate with customers who are the subject of suspicious activity reports about potential underlying fraud so long as they don't reveal the existence of the report.

  • September 02, 2026

    GOP Bill Would Alter CFPB Funding, Curb Enforcement

    Two high-ranking Republican U.S. representatives have formally introduced legislation that would put the Consumer Financial Protection Bureau through the regular congressional appropriations process and establish a dedicated inspector general, among other changes.

  • September 02, 2026

    PayPal Lets Tech 'Invisibly' Track Venmo Users, Suit Says

    PayPal misled users about third-party tracking technologies embedded in its payment platform Venmo and how their personal information was disclosed to third parties, according to a new suit filed in California federal court.

  • September 02, 2026

    Cruise Says GM Investors Can't Pursue Robotaxi Fraud Suit

    Cruise LLC told a Michigan federal judge Tuesday that lead plaintiffs lack standing to pursue their securities fraud class action alleging General Motors Co.'s self-driving car unit misrepresented the technological capabilities and commercial readiness of its robotaxis, and that their class certification bid should be rejected.

  • September 02, 2026

    Meijer Escapes Suit Over Health Plan Fee For Tobacco Users

    A Michigan federal judge tossed a worker's proposed class action alleging supercenter chain Meijer improperly charged workers a $20 per week tobacco surcharge through its health plan, ruling that concerns about improper notifications and allocations of the fee ultimately lacked teeth.

  • September 02, 2026

    TabaPay Secures $155M As It Plans To Buy Transact Bank

    Money movement platform TabaPay Inc., advised by Reed Smith LLP, on Wednesday revealed that it has received a $155 million strategic investment from Gibson Dunn & Crutcher LLP-led FTV Capital, while also unveiling plans to acquire Denver-based Transact Bank.

  • September 02, 2026

    Wonderful, An AI Operating System Provider, Raises $550M

    Wonderful, which provides an artificial intelligence operating system for enterprise companies, announced Wednesday the raising of $550 million in a Series C funding round that valued the Amsterdam-based startup at $5 billion.

  • September 01, 2026

    SEC Sends White House Plan For Retail Private Market Access

    The U.S. Securities and Exchange Commission's Division of Investment Management has submitted to the White House a proposal to help facilitate retail investors' exposure to private markets and enable investment advisers to charge related performance fees, saying it could provide more opportunities for investors looking to diversify their portfolios.

  • September 01, 2026

    Ex-CEO Of Bankrupt Diamond Co. Hit With SEC Allegations

    The U.S. Securities and Exchange Commission has sued Mordechai Haim Ferder, the ex-CEO of bankrupt Lugano Diamonds & Jewelry Inc., and his wife to recover more than $17.7 million they allegedly reaped through a fraudulent diamond investment scheme via trusts they controlled.

  • September 01, 2026

    Crypto Investment Firm Accused Of Fraud Must Face Ga. Suit

    A Texas-based crypto investment company can't dodge a fraud suit brought against it in Georgia federal court, after a judge said the suit shows the firm and its management transacted business in the Peach State and used a business dinner in Atlanta to tout their offerings.

  • September 01, 2026

    SEC Plans To Bless Transfer Agents' Blockchain Use

    The U.S. Securities and Exchange Commission is promising sweeping changes to the rules governing transfer agents for the first time in 40 years, issuing a proposal Tuesday that would, among other things, allow agents to utilize the blockchain in tracking securities ownership. 

  • September 01, 2026

    Fenwick-Led GoPro Merges With Starman In $285M Deal

    Fenwick & West LLP-advised camera company GoPro Inc. on Tuesday unveiled plans to merge with optical-photonics company Starman Optical Inc. in a $285 million deal.

  • September 01, 2026

    Orgs Say 401(k) Forfeiture Suit Ignores Fed. Regulations

    The U.S. Chamber of Commerce and an employer benefit advocacy group urged the Second Circuit to back the dismissal of a suit claiming a marketing company illegally used forfeited 401(k) funds to pay for plan contributions, stating the practice has been allowed by decades-old federal regulations.

  • September 01, 2026

    HSF Kramer Added To $1B King & Spalding Malpractice Suit

    Herbert Smith Freehills Kramer LLP and several of its partners on Tuesday were added to a $1 billion legal malpractice suit against King & Spalding LLP alleging that the firms engaged in multiple schemes to enrich a lawyer's friend at the expense of investment firm White Oak Advisors.

  • September 01, 2026

    SB Energy Launches Plans For Anticipated $5B IPO

    Power generation infrastructure company SB Energy has filed plans to raise roughly $5 billion in its initial public offering steered by Latham & Watkins LLP and Davis Polk & Wardwell LLP.

  • September 01, 2026

    Ireland Proposes Retail Investment Accounts With Flat Tax

    Ireland wants to create accounts for Irish retail investors with a flat-rate tax on the account value above an exempted threshold, which would simplify the investment tax system compared to current rules, the government said.

Expert Analysis

  • 2 AI Snafus Show Why Attys Can't Outsource Judgment

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    The recent incident involving Sullivan & Cromwell where citations in a filed motion were fabricated by artificial intelligence, as well as a punitive ruling from the Sixth Circuit in U.S. v. Farris, demonstrate that the obligation to supervise AI has belonged and always will belong to lawyers, says John Powell at the Kentucky School Boards Association.

  • Assessing The 9th Circ.'s Recent Stock Drop Dismissal Trend

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    The recent decision in Nova Scotia Health Employees' Pension Plan v. Comerica is an important circuit-level addition to the growing trend of Ninth Circuit securities class action dismissals on loss causation grounds, which have used a contextual analysis premised on stock drops that are modest, typical and short-lived, say attorneys at Paul Weiss.

  • How 'Spillover' Effects Can Skew AI Securities Class Actions

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    Event study evidence is often central in securities litigation at class certification and beyond, but in an environment where earnings forecasts and statements can have spillover market implications, particularly when concerning artificial intelligence, the task of parsing out the price impact of news requires careful consideration, say Erik Johannesson, Olivia Wurgaft and Nguyet Nguyen at Brattle Group.

  • Series

    Playing Magic: The Gathering Makes Me A Better Lawyer

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    The competitive card game Magic: The Gathering offers me a training ground for the strategic thinking skills crucial to litigation, challenging me to adapt to oft-updated rules, analyze text as complicated as any statute and anticipate my opponent’s next moves, says Christopher Smith at Lash Goldberg.

  • Why The Wells Process Is No Longer A One-Sided Exercise

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    The U.S. Securities and Exchange Commission's recently revamped Enforcement Manual rewrites the informational asymmetry that has defined SEC defense for decades, providing counsel with several new strategies to produce better submissions, give better advice and achieve better outcomes, says Ashwin Ram at Buchalter.

  • Improving Well-Being In Law, 10 Years After Landmark Study

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    An important 2016 study revealed significant substance abuse and mental health issues among lawyers, and while the findings helped normalize the conversation around these topics, a decade later, structural change is still needed, says Denise Robinson at PLI.

  • Federal 401(k) Plan Would Create Fiduciary Litigation Risks

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    President Donald Trump recently previewed an initiative to make a public 401(k)-style plan option available to all American workers who lack access to an employer-sponsored retirement plan, raising novel and complex litigation issues that merit careful attention, say attorneys at Willkie.

  • 8 Reasons To Consider Maryland As A 'DExit' Option

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    While Nevada and Texas have garnered the most attention as alternative states of incorporation for companies considering leaving Delaware, Maryland offers considerable benefits too, including a predictable statutory framework, robust anti-takeover protections, sophisticated business courts with decades of experience, and more, say attorneys at Miles & Stockbridge.

  • Opinion

    Exxon's Retail Voting Program Is A Trap For Retail Investors

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    The U.S. Securities and Exchange Commission approved Exxon Mobil's first-of-its-kind proxy voting program last September, but ahead of the company's annual shareholder meeting next month, it's clear that retail shareholders have delegated their voice to the entity their vote exists to check, says Christina Sautter at Southern Methodist University.

  • What DOL Proposal Signals For 401(k)s, Alternative Assets

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    The U.S. Department of Labor recently published a highly anticipated proposed rule that could establish more defined pathways for 401(k) plan fiduciaries to consider investment options with greater alternative asset exposure, and help fund sponsors and investment managers develop such options, say attorneys at Cleary.

  • SEC's Enforcement Slowdown May Raise Oversight Questions

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    After six months of enforcement activity, it's clear that fiscal year 2026 will see an unprecedented decline in U.S. Securities and Exchange Commission enforcement activity relative to past years, but whether the SEC will be viewed as sufficiently policing the securities markets at the end of the fiscal year is more uncertain, say attorneys at Covington.

  • What To Expect From The SEC's New SOX Group

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    In a potential shift away from Public Company Accounting Oversight Board enforcement, the U.S. Securities and Exchange Commission's formation of a new group to investigate and litigate potential violations of the Sarbanes-Oxley Act brings both risks and benefits for auditors, say attorneys at King & Spalding.

  • Contract Language Reigned Supreme In Bancorp Dismissal

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    A Minnesota federal court's recent dismissal of claims over U.S. Bancorp's cash sweep program underscores that clear contractual disclosures hold weight in class actions, demonstrating the power of contract language that plainly indicates terms, fiduciary limits and institutional benefits to customers, says Quin Seiler at Winthrop & Weinstine.

  • Why Justices Seem Skeptical Of Curbing SEC Disgorgement

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    Sripetch v. U.S. Securities and Exchange Commission presents an opportunity for the U.S. Supreme Court to clarify the disgorgement limits it set six years ago in Liu v. SEC, with recent oral arguments suggesting the court sees disgorgement as an equitable remedy akin to unjust enrichment, say attorneys at Hueston Hennigan.

  • 2 New SEC Proposals Represent Welcome Relief For Funds

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    The U.S. Securities and Exchange Commission's recent proposals to alter requirements under the names rule and Form N-PORT are favorable developments for registered funds due to lessened reporting burdens and added flexibility, and are illustrative of the market-facilitative regulatory posture under Chairman Paul Atkins' leadership, say attorneys at Debevoise.

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