Asset Management

  • September 17, 2024

    US Utility AES Sells 30% Stake In Ohio Unit For $546M

    Power generation company AES Corp. said Tuesday that it has sold a 30% stake in its Ohio unit to Canadian investment group CDPQ for $546 million to help fund improvements to its infrastructure and meet a growing demand for data centers.

  • September 17, 2024

    Freshfields-Led Warburg Pincus Sells IT Biz Shares For €153M

    Global private equity firm Warburg Pincus said Tuesday that it has sold a part of its stake in German Internet service provider Ionos Group SE and raised total proceeds of approximately €153 million ($170.3 million) in a placement guided by Freshfields Bruckhaus Deringer LLP.

  • September 17, 2024

    Euronext Buys UK Stock Market Research, Data Software Biz

    Euronext NV said Tuesday that it has bought Substantive Research Ltd., a British provider of investment research and market data, as the stock exchange aims to bolster its analysis service for investors.

  • September 17, 2024

    Wealth Manager Brooks Macdonald To Buy Financial Planner

    Brooks Macdonald Group said Tuesday that it will buy Lucas Fettes Financial Planning, a move the London-based wealth manager said it expects to widen its footprint in eastern England.

  • September 17, 2024

    Skadden, Freshfields Guide Midea's $4B Hong Kong Listing

    Midea Group debuted on the Hong Kong Stock Exchange on Tuesday after the home appliance giant raised almost $4 billion in the largest initial public offering in the special administrative region of China since early 2021.

  • September 16, 2024

    4th Circ. OKs Immediate Appeal Of Genworth 401(k) Class

    The Fourth Circuit gave Genworth Financial a green light to challenge a recent trial court decision certifying a class in a suit brought by former Genworth workers who said the company violated federal benefits law by keeping underperforming BlackRock target-date funds in their 401(k) plan. 

  • September 16, 2024

    CFT Capital Raises $781M For 2nd Co-Investment Fund

    Los Angeles-based CFT Capital, which manages assets on behalf of the family who founded Panda Express' parent company, said Monday it has clinched its second co-investment fund after amassing roughly $781.2 million in capital.

  • September 16, 2024

    Silver Point Wraps $4.6B Opportunistic Credit Fund

    Silver Point Capital beat its target to lock down $4.6 billion for its latest opportunistic credit fund, the Connecticut-based credit investing firm announced Monday.

  • September 16, 2024

    White & Case-Led Fund Manager To Buy Citi Trust For £80M

    JTC PLC said on Monday it has agreed to buy the global fiduciary and trust business from investment banking giant Citigroup Inc. for £80 million ($106 million), as the Jersey-based fund administrator eyes further international expansion of its operations.

  • September 16, 2024

    Ares Tops $3.3B For Latest US Distressed Real Estate Fund

    Ares said Monday it pulled in more than $3.3 billion for its fourth fund targeting distressed U.S. real estate assets, as the asset manager looks to capitalize on a troubled market.

  • September 13, 2024

    The 2024 Regional Powerhouses

    The law firms on Law360's list of 2024 Regional Powerhouses reflected the local peculiarities of their states while often representing clients in deals and cases that captured national attention.

  • September 13, 2024

    Wells Fargo Unit To Pay $3M Over Unsuitable Trading Claims

    The Financial Industry Regulatory Authority has ordered Wells Fargo Clearing Services to pay roughly $3 million to settle allegations that the firm failed to adequately supervise how its registered representatives were selling certain securities that are subject to potential abuse because of the concessions they pay.

  • September 13, 2024

    Bankman-Fried Lays Blame On Trial Judge In 2nd Circ. Appeal

    FTX founder Sam Bankman-Fried on Friday launched an appeal of his fraud conviction over the cryptocurrency exchange's historic collapse, issuing a broadside against the judge who oversaw his trial and saying FTX's debtor counsel Sullivan & Cromwell LLP acted as an arm of the prosecution.

  • September 13, 2024

    Investors Greenlight Carbon Credit Co.'s $213M SPAC Merger

    The special purpose acquisition company merger taking Canadian carbon-credit manager DevvStream public at an estimated valuation of $212.8 million has received approval from investors of both sides, the companies announced Friday.

  • September 13, 2024

    Trio Of BigLaw Mergers Expected To Drive More Deal Talks

    After months of a relatively steady pace of law firm mergers and acquisitions, the trio of proposed BigLaw tie-ups announced in recent days will likely spur more firms toward entertaining similar deal talks, experts say. Here, Law360 offers a snapshot of the proposed deals.

  • September 13, 2024

    Emergent BioSolutions Pays $40M To Settle COVID Vax Suit

    Emergent BioSolutions has agreed to pay $40 million to settle a consolidated class action alleging it misled investors about how prepared it was to handle two high-profile deals to manufacture COVID-19 vaccines.

  • September 13, 2024

    2 Life Sciences Cos. Start Trading After Raising $540M Total

    Drug developers Bicara Therapeutics Inc. and Zenas BioPharma Inc. have debuted on the Nasdaq stock exchange in separate initial public offerings steered by a trio of law firms.

  • September 13, 2024

    Swiss Banks Want Sanctions Review Amid Geopolitical Risk

    The Swiss Banking Association has called for a proactive review of the country's financial sanctions regime as the single most important factor amid "serious negative effects" from geopolitical risk confronting the country's banks.

  • September 13, 2024

    Plane Leaser Avolon To Fly Away With Aircraft Fleet For $5B

    Avolon Ltd. said Friday that it has agreed to buy a portfolio of nearly 120 aircraft indirectly owned by U.S. alternative investment manager Castlelake LP for $5 billion as the aviation leasing giant looks to accelerate its growth.

  • September 13, 2024

    High Court Sanctions £2.2B Deal For Network International

    Middle Eastern payments company Network International Holdings said on Friday that the High Court has sanctioned a £2.2 billion ($2.9 billion) takeover bid from Brookfield Asset Management Ltd.

  • September 12, 2024

    8th Circ. Nixes $563M Verdict Against BMO Harris Over Ponzi

    The Eighth Circuit on Thursday struck down a $563 million verdict against BMO Harris NA over claims that a bank it acquired had aided and abetted Thomas J. Petters' multibillion dollar Ponzi scheme, ruling that the bank should have been allowed to raise a defense that would have barred the suit in the first place.

  • September 12, 2024

    Wells Fargo Ordered To Overhaul Sanctions, AML Compliance

    Wells Fargo faces fresh restrictions on launching new products and entering new markets, and must beef up its compliance and monitoring efforts around sanctions, anti-money laundering and other international business risks, under an enforcement action announced Thursday by the Office of the Comptroller of the Currency. 

  • September 12, 2024

    Corp. Disclosure Law Kills Community Boards, Nonprofits Say

    The Community Associations Institute and other groups have sued the U.S. Department of the Treasury over the Corporate Transparency Act, arguing the law should not apply to them, violates constitutional rights and will lead to mass resignations from their community leadership boards.

  • September 12, 2024

    Quinn Emanuel, Cohen Milstein Get $102M In Stock Loan Case

    A judge awarded $102 million in attorney fees to Quinn Emanuel Urquhart & Sullivan LLP and Cohen Milstein Sellers & Toll PLLC for settling claims from investors that major banks colluded to avoid modernizing the stock loan market.

  • September 12, 2024

    Energy Biz Bowleven Edges Closer To Quitting LSE Listing

    Bowleven said Thursday that it has now closed the window for its shareholders to sell their stock before the energy business leaves the junior market of the London Stock Exchange after it received an offer from venture capitalists Crown Ocean Capital to go private.

Expert Analysis

  • Parsing Controversial Del. General Corporation Law Proposals

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    In response to issues raised in three recent high-profile Delaware Court of Chancery decisions, many amendments to the Delaware General Corporation Law were quickly proposed that, if enacted, would bring significant changes likely to be hotly debated — and litigated — for the foreseeable future, say attorneys at Morgan Lewis.

  • A Healthier Legal Industry Starts With Emotional Intelligence

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    The legal profession has long been plagued by high rates of mental health issues, in part due to attorneys’ early training and broader societal stereotypes — but developing one’s emotional intelligence is one way to foster positive change, collectively and individually, says attorney Esperanza Franco.

  • To Make Your Legal Writing Clear, Emulate A Master Chef

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    To deliver clear and effective written advocacy, lawyers should follow the model of a fine dining chef — seasoning a foundation of pure facts with punchy descriptors, spicing it up with analogies, refining the recipe and trimming the fat — thus catering to a sophisticated audience of decision-makers, says Reuben Guttman at Guttman Buschner.

  • Takeaways From SEC's New Data Breach Amendments

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    The U.S. Securities and Exchange Commission's recent amendment of its consumer privacy rules to require investment advisers and broker-dealers to put procedures in place to uncover data breaches and report them to customers evidences that protecting client records and information remains an SEC priority, say attorneys at Simpson Thacher.

  • Circuit Judge Writes An Opinion, AI Helps: What Now?

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    Last week's Eleventh Circuit opinion in Snell v. United Specialty Insurance, notable for a concurrence outlining the use of artificial intelligence to evaluate a term's common meaning, is hopefully the first step toward developing a coherent basis for the judiciary's generative AI use, says David Zaslowsky at Baker McKenzie.

  • BF Borgers Clients Should Review Compliance, Liability

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    After the U.S. Securities and Exchange Commission's recently announced enforcement proceedings against audit firm BF Borgers for fabricating audit documentation for hundreds of public companies, those companies will need to follow special procedures for disclosure and reporting — and may need to prepare for litigation from the plaintiffs bar, say attorneys at Debevoise.

  • Perspectives

    Trauma-Informed Legal Approaches For Pro Bono Attorneys

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    As National Trauma Awareness Month ends, pro bono attorneys should nevertheless continue to acknowledge the mental and physical effects of trauma, allowing them to better represent clients, and protect themselves from compassion fatigue and burnout, say Katherine Cronin at Stinson and Katharine Manning at Blackbird.

  • Opinion

    Del. Needs To Urgently Pass Post-Moelis Corporate Law Bill

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    After the Delaware Chancery Court's decision in West Palm Beach Firefighters' Pension v. Moelis sparked confusion around governance rights, recently proposed amendments to the Delaware General Corporation Law would preserve the state's predictable corporate governance system, says Lawrence Hamermesh at Widener University Delaware Law School.

  • Series

    Playing Music Makes Me A Better Lawyer

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    My deep and passionate involvement in playing, writing and producing music equipped me with skills — like creativity, improvisation and problem-solving — that contribute to the success of my legal career, says attorney Kenneth Greene.

  • How Attys Can Avoid Pitfalls When Withdrawing From A Case

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    The Trump campaign's recent scuffle over its bid to replace its counsel in a pregnancy retaliation suit offers a chance to remind attorneys that many troubles inherent in withdrawing from a case can be mitigated or entirely avoided by communicating with clients openly and frequently, says Christopher Konneker at Orsinger Nelson.

  • Using A Children's Book Approach In Firm Marketing Content

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    From “The Giving Tree” to “Where the Wild Things Are,” most children’s books are easy to remember because they use simple words and numbers to tell stories with a human impact — a formula law firms should emulate in their marketing content to stay front of mind for potential clients, says Seema Desai Maglio at The Found Word.

  • The State Of Play In DEI And ESG 1 Year After Harvard Ruling

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    Almost a year after the U.S. Supreme Court decided Students for Fair Admissions v. Harvard, attorney general scrutiny of environmental, social and governance-related efforts indicates a potential path for corporate diversity, equity and inclusion initiatives to be targeted, say attorneys at Crowell & Moring.

  • 2nd Circ. Ruling Affirms NY Law's Creditor-Friendly Approach

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    The Second Circuit’s recent ruling in 245 Park Member v. HNA International provides creditors with some reason for optimism that debtors in New York may face rejection in court for aiming to keep creditors at arm’s length by transferring personal assets into an LLC, says Jeff Newton at Omni Bridgeway.

  • 2 Oil Trader FCPA Pleas Highlight Fine-Reduction Factors

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    Recent Foreign Corrupt Practices Act settlements with Gunvor and Trafigura — the latest actions in a yearslong sweep of the commodities trading industry — reveal useful data points related to U.S. Department of Justice policies on cooperation credit and past misconduct, say Michael DeBernardis and Laura Perkins at Hughes Hubbard.

  • Influencer Considerations As FINRA Initiates Crackdown

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    To avert risks when evaluating influencer and referral programs, firms should assess the Financial Industry Regulatory Authority's recent settlements involving the supervision of social media tastemakers, as well as recent FINRA guidance in this area, say attorneys at Troutman Pepper.

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