Asset Management

  • June 24, 2026

    Engineer Traded Off Microsoft's Nuclear Plans, Feds Say

    An ex-Constellation Energy engineering manager was accused in an indictment in Delaware federal court and by the U.S. Securities and Exchange Commission of trading securities using nonpublic information about the company's confidential plans with Microsoft Corp. to potentially relaunch an inactive nuclear reactor.

  • June 24, 2026

    Dem Lawmakers Probe SEC On Brokerage AI Agents

    Democratic members of the House Financial Services Committee have urged U.S. Securities and Exchange Commission Chairman Paul Atkins to detail the agency's perspective on brokerage and investment advice provided through agentic artificial intelligence, saying agentic trading by retail brokerage platforms "raises serious questions for investor protection, broker-dealer responsibilities, market integrity, and the accountability of AI developers."

  • June 24, 2026

    Split 2nd Circ. Denies Bail To NYPD Bribery Case Cooperator

    A split Second Circuit panel has denied bail for a man once described by prosecutors as "one of the single most important" cooperating witnesses in the recent history of the Southern District of New York while he appeals his conviction in a police bribery scheme.

  • June 24, 2026

    SEC Pressed To Curtail Hedge Fund, VC Reporting Rules

    Venture capital firm Andreessen Horowitz and Ropes & Gray LLP are urging the U.S. Securities and Exchange Commission to rewrite the definition of "hedge fund" before putting into place proposed regulations on what those funds have to disclose about their holdings.

  • June 24, 2026

    Cleary-Led Korean Tech Giant SK Hynix Targets $29B US IPO

    South Korea-based flash memory chipmaker SK Hynix on Wednesday filed plans with U.S. regulators for an initial public offering that could raise up to $29.4 billion.

  • June 24, 2026

    Investment Fund Hit With Class Action For Claimed $60M Loss

    Lack of oversight and transparency within a private investment fund resulted in the purported loss of nearly $60 million after a board member is said to have siphoned the money away, according to a putative class action filed in the North Carolina Business Court.

  • June 24, 2026

    Wells Fargo Forfeiture Suit Falls Short Again

    A Minnesota federal judge tossed a proposed class action against Wells Fargo alleging the bank misspent 401(k) forfeitures, holding on Wednesday for a second time that the ex-worker who sued lacked standing to bring his claims.

  • June 24, 2026

    Big Banks Clear Fed Stress Tests Amid Capital Rule Overhaul

    The Federal Reserve said Wednesday the nation's biggest banks have sufficient capital to withstand a severe recession, giving them passing marks in the latest round of stress tests as federal regulators work on a broader capital rule overhaul.

  • June 24, 2026

    'Hard-Money' Lenders Guilty Of Stealing Upfront Fees

    A Manhattan federal jury convicted two Florida men of using their "hard-money" commercial real estate finance company to steal $18 million in upfront fees, after prosecutors said they defrauded developers to whom they never intended to extend loans.

  • June 23, 2026

    Landmark Housing Bill Heads To Trump After House Vote

    The U.S. House of Representatives on Tuesday overwhelmingly passed an amended version of landmark housing legislation focused on expanding housing supply and lowering housing costs with a 358-32 vote, putting it on the track to President Donald Trump's desk.

  • June 23, 2026

    Hedge Fund To Pay Avis $650M In Short-Swing Profit Fight

    Pentwater Capital Management has agreed to pay Avis Budget $650 million to resolve allegations that the Naples, Florida-based hedge fund violated the Securities Exchange Act's short-swing profits rule by quickly loading up on shares and cash swaps and then dumping shares at the height of a short squeeze.

  • June 23, 2026

    Feds' Capital Revamp Has A Dodd-Frank Problem, Critics Say

    Big banks are broadly pleased with a draft capital-rule overhaul that federal regulators project would deliver the biggest capital relief in a generation, but critics say it rests on shaky legal ground that the banking agencies have "astoundingly" ignored.

  • June 23, 2026

    SEC Urged To Adopt CAT To Fix Market Surveillance Tool

    The national stock exchanges that run a key market surveillance tool have told the U.S. Securities and Exchange Commission there is "no realistic fallback" that could replace the tool as the SEC looks for ways to trim the tool's budget, but some are urging the agency to take over funding and ownership of the database known as the consolidated audit trail. 

  • June 23, 2026

    Stock Bought Too Late For Breakup Fee Suit, Judge Says

    A New York federal judge has dismissed an investor suit claiming that the top brass of the sponsor of a blank check company unfairly claimed a $29 million settlement despite missing a deadline to merge with another company, finding that the investor purchased shares after the breakup fee of the failed merger was disclosed.

  • June 23, 2026

    UnitedHealth Trims But Can't Escape 401(k) Forfeiture Suit

    UnitedHealth Group won dismissal of some claims in a proposed class action alleging the company mismanaged its employee 401(k) and profit sharing plan by misallocating forfeitures, but couldn't escape allegations that the way the company spent the funds breached fiduciary duties and caused transactions prohibited by federal benefits law.

  • June 23, 2026

    SEC Sends E-Delivery Proposal To White House

    The U.S. Securities and Exchange Commission could soon put forth a proposal amending the rules for providing electronic statements to investors, following recent comments from SEC Chair Paul Atkins that changes to the opt-in model are "long overdue."

  • June 23, 2026

    Class Certified In Konica Minolta Workers' Severance Dispute

    A New Jersey federal judge Tuesday agreed to certify a class of workers alleging Konica Minolta used an office relocation as a guise to conduct a mass layoff without having to pay severance.

  • June 23, 2026

    Vimeo Owner Bending Spoons Launches Plans For $1.6B IPO

    Italian mobile app developer Bending Spoons has unveiled terms for an estimated $1.6 billion initial public offering steered by Latham & Watkins LLP and Milbank LLP.

  • June 23, 2026

    Investors Say Franklin's Putnam Unit Overvalued Funds

    Franklin Templeton's Putnam Funds failed to disclose accounting practices that led to inflated net asset value calculations and saddled investors with higher costs, according to a proposed $100 million class action filed in Massachusetts state court.

  • June 23, 2026

    ADP Strikes Deal In Sweeping 401(k) Class Action

    Payroll processing company ADP has agreed to settle a 50,000-member class action alleging it kept expensive, underperforming investment options in its 401(k) plan and funneled millions of dollars from employees' retirement savings to a subsidiary, according to a filing in New Jersey federal court.

  • June 23, 2026

    Ropes & Gray Picks Up Paul Weiss Financial Services Pro

    Ropes & Gray LLP has brought over a lawyer from Paul Weiss Rifkind Wharton & Garrison LLP to lead its financial services group, adding an attorney with private practice and in-house experience to its office in the nation's capital, the firm said Tuesday.

  • June 23, 2026

    Clifford Chance Adds Ex-V&E Debt Finance Atty In Houston

    Clifford Chance LLP announced on Monday the hiring of a former Vinson & Elkins LLP attorney as a finance and derivatives partner in its Houston office.

  • June 23, 2026

    Menlo Ventures Raises $3B To Back AI Companies

    Menlo Park, California-based venture capital firm Menlo Ventures, led by Cooley LLP, on Tuesday revealed that it has raised $3 billion in new capital to invest in artificial intelligence companies at every stage of the life cycle.

  • June 23, 2026

    Energy Fuels, VAC Ink $1.9B Magnet Deal Steered By 4 Firms

    Energy Fuels Inc. said Tuesday that it has agreed to acquire Vacuumschmelze GmbH & Co. KG and Ara VAC TopCo US LLC, collectively known as VAC, from Ara Partners for about $1.9 billion in cash and stock. 

  • June 22, 2026

    Senate Overwhelmingly Passes Landmark Housing Legislation

    The U.S. Senate on Monday passed an amended version of landmark housing legislation focused on expanding housing supply and lowering housing costs with an 85-5 vote.

Expert Analysis

  • 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.

  • Weathering FINRA's Scrutiny Of Foreign Small-Cap Issuers

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    To prepare for the Financial Industry Regulatory Authority's recently announced targeted examinations, broker-dealers and firms that assist with IPOs abroad should consult years of FINRA guidance on managing the money-laundering and fraud risks inherent to foreign small-capitalization offerings, say Michael Watling and Elika Mohebbi at Seward & Kissel.

  • Series

    Teaching Logic Makes Me A Better Lawyer

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    Teaching middle and high school students the skills to untangle complicated arguments and identify faulty reasoning has made me reacquaint myself with the defined structure of thought, reminding me why logic should remain foundational in the practice of law, says Tom Barrow at Woods Rogers.

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