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Asset Management

  • July 30, 2025

    GTCR Denied Rival's Old Sales Prospects Data In FTC Case

    An Illinois federal judge refused Tuesday to force a rival medical device coatings company to cough up old sales projections data so private equity firm GTCR BC Holdings can defend against a Federal Trade Commission challenge to its $627 million purchase of Surmodics.

  • July 30, 2025

    Senate Panel Advances 2 Bipartisan Bills Boosting ESOPs

    A key Senate panel advanced two bills Wednesday that would change federal benefits law related to employee stock ownership plans, or ESOPs, by providing businesses additional legal cover when they make company stock valuations and by adding ESOP representatives to a federal advisory board.

  • July 30, 2025

    Truist Triggered Employee Exodus, Not Ex-Execs, Court Told

    Three former executives who helmed the real estate finance arm of Truist Financial Corp. and their new employer are seeking a pretrial win in the bank's poaching case, telling a North Carolina state court judge they aren't to blame for Truist's alleged bad business decisions.

  • July 30, 2025

    Dechert Asset Management Pro Jumps To K&L Gates

    K&L Gates LLP announced it has gained an asset management and investment funds lawyer from Dechert LLP in New York.

  • July 30, 2025

    KKR Secures $6.5B For Asset-Based Finance Investments

    Investment managing giant KKR on Wednesday revealed that it wrapped a $6.5 billion asset-based finance-focused fundraise, including $5.6 billion for the firm's KKR Asset-Based Finance Partners II and close to $1 billion from separately managed accounts focused on the same investment opportunities.

  • July 30, 2025

    4 Firms Steer Palo Alto Networks' $25B CyberArk Buy

    Cybersecurity giant Palo Alto Networks revealed plans Wednesday to acquire identity security company CyberArk in a cash-and-stock megadeal valued at $25 billion and built by four law firms.

  • July 29, 2025

    Hedge Fund Nets $54M In S. Korea Samsung Merger Fight

    South Korea has paid nearly $54 million owed under an arbitral award issued to a U.S. hedge fund in a dispute over a government bribery scandal that allegedly underpinned the $8 billion merger of two Samsung affiliates in 2015, Seoul said on Tuesday.

  • July 29, 2025

    SEC Tosses Broker's NSCC Margin Rule Challenge

    The U.S. Securities and Exchange Commission has dismissed a bid by Alpine Securities Corp. to challenge heightened margin requirements from the National Securities Clearing Corp., with the commission finding the rules are too broadly applicable to warrant review as a denial of access.

  • July 29, 2025

    SEC Greenlights 'In-Kind' Redemptions For Crypto ETPs

    The U.S. Securities and Exchange Commission voted Tuesday to approve orders to allow cryptocurrency-based exchange-traded products to use in-kind creations and redemptions, aligning with more traditional ETPs.

  • July 29, 2025

    Prime Core Ch. 11 Trust Seeks Return Of $2.1M In Transfers

    The litigation trust for Prime Core Technologies has sued to claw back $2.1 million in cash and cryptocurrency paid out to customers in the weeks before its bankruptcy filing, saying other creditors are facing a serious recovery shortfall worsened by the payments.

  • July 29, 2025

    REIT Shareholders File 'Improper Lending' Suit Against Execs

    Two Arbor Realty Trust Inc. shareholders hit several of the real estate investment trust's executives, including its president and CEO Ivan Kaufman, with a derivative suit on Tuesday alleging they made the REIT use "improper lending practices" that saddled the company "with a severely distressed loan portfolio."

  • July 29, 2025

    UnitedHealth Urges 6th Circ. To Affirm ERISA Preemption

    UnitedHealth Group Inc. urged the Sixth Circuit to affirm the dismissal of a man's claims that UnitedHealth defrauded him into reimbursing the health insurance giant for $25,000, arguing that the Employee Retirement Income Security Act of 1974 completely preempts such claims brought under state law.

  • July 29, 2025

    Ex-TTEC Worker Pushes For Cert. In Expense Coverage Suit

    A former TTEC Services employee accusing the customer service technology company of failing to reimburse workers for computers and internet upgrades asked a Colorado federal judge on Monday to certify a proposed class and collective action, claiming Tenth Circuit precedent backs certification prior to a court considering arbitration agreements.

  • July 29, 2025

    Bit Digital's AI Infrastructure Subsidiary Eyes $125M IPO

    Artificial intelligence infrastructure company WhiteFiber Inc. on Tuesday unveiled plans to spin off from its parent company Bit Digital by way of an initial public offering, with plans to raise an estimated $125 million in an offering built by four law firms.

  • July 29, 2025

    Convicted Crypto CEO Tied To Abramoff Gets 7-Year Sentence

    A California federal judge Tuesday sentenced a cryptocurrency company founder who committed a multimillion-dollar fraud in a scheme also involving disgraced ex-lobbyist Jack Abramoff to seven years imprisonment — less than the 17 years prosecutors sought — in light of the man's childhood trauma, mental health and lack of criminal history.

  • July 29, 2025

    Latham Steers PE-Backed Eco Material On $2.1B Cement Deal

    Building materials supplier CRH announced Tuesday it will acquire Eco Material Technologies for $2.1 billion in cash, deepening its presence in North America's fast-growing market for lower-carbon cement alternatives.

  • July 29, 2025

    NC Engineer Says Green Energy Co. Withheld Stock Options

    A former engineer at a North Carolina climate technology company sued his ex-employer, claiming the company and its board refused to let him exercise his stock options after he left for another green energy business.

  • July 29, 2025

    4 Firms Drive $250B Norfolk, Union Pacific Mega Deal

    Union Pacific Corp. and Norfolk Southern Corp. on Tuesday announced plans to combine in a megamerger that will create the country's first transcontinental railroad boasting a combined enterprise value of approximately $250 billion, but which will also likely draw antitrust scrutiny.

  • July 28, 2025

    SEC Gets Early Win In Fraud Case Against Ex-Citi, Cetera Rep

    A New York federal court has granted the U.S. Securities and Exchange Commission a summary judgment win in the regulator's securities fraud case against a former Citigroup and Cetera registered representative, in a case accusing her of stealing $2.4 million from an elderly client.

  • July 28, 2025

    PE Firm Scores New Trial After Losing $1.1M Shareholder Suit

    The Connecticut Supreme Court on Monday threw out a $1.1 million verdict and ordered a new trial in a minority member's lawsuit against three other CCP Equity Partners LLC members, holding that a trial court judge misconstrued the private equity firm's operating agreement and inaccurately instructed the jury.

  • July 28, 2025

    Space Tech Startup Firefly Launches Plans For $599M IPO

    Private equity-backed space and defense technology company Firefly Aerospace on Monday announced terms for its initial public offering, with plans to raise approximately $599 million.

  • July 28, 2025

    KKR Plugs AU$500M Into Australian Renewable Energy Biz

    Private equity giant KKR on Monday said that it has agreed to invest AU$500 million ($326.3 million) into Australian renewable energy company CleanPeak Energy to help it grow its distributed energy platform.

  • July 25, 2025

    11th Circ. Overturns Funding Model For SEC Database

    The Eleventh Circuit sent the U.S. Securities and Exchange Commission back to the drawing board on Friday to chart a path forward for its $500 million market surveillance tool, telling the regulator that it was unreasonable to potentially force broker-dealers to fund the entire project.

  • July 25, 2025

    3 Firms Guide Canadian REIT's $410M IPO

    Go Residential Real Estate Investment Trust began trading Friday after the newly created Canadian REIT priced a $410 million initial public offering at $15 per trust unit.

  • July 25, 2025

    Texas PE Firm Claims 'Lone Star' Rival Stole Its Name, Logos

    A private equity firm that manages the Lone Star Funds hit an upstart rival called Lone Star Capital with a trademark infringement lawsuit in Texas federal court Thursday, accusing the firm of intentionally ripping off its trademarks and logos amid its aggressive marketing blitz in an effort to dupe investors.

Expert Analysis

  • Making The Case For Rest In The Legal Profession

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    For too long, a culture of overwork has plagued the legal profession, but research shows that attorneys need rest to perform optimally and sustainably, so legal organizations and individuals must implement strategies that allow for restoration, says Marissa Alert at MDA Wellness, Carol Ross-Burnett at CRB Global, and Denise Robinson at The Still Center.

  • During Financial Regulatory Uncertainty, Slow Down And Wait

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    Amid the upheaval at the Consumer Financial Protection Bureau and the slowdown in activity at the prudential agencies, banks must exercise patience before adopting strategic and tactical plans, as well as closely monitor legal and regulatory developments concerning all the federal financial regulators, say attorneys at Dorsey.

  • Opinion

    It's Time To Fix The SEC's Pay-To-Play Rule

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    Nearly 15 years after its adoption, the U.S. Securities and Exchange Commission's pay-to-play rule is not working as intended — a notion recently echoed by SEC Commissioner Hester Peirce — and the commission should reconsider the strict liability standard, raise the campaign contribution limits and remove the look-back provision, say attorneys at WilmerHale.

  • 4 Ways Women Attorneys Can Build A Legal Legacy

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    This Women’s History Month, women attorneys should consider what small, day-to-day actions they can take to help leave a lasting impact for future generations, even if it means mentoring one person or taking 10 minutes to make a plan, says Jackie Prester, a former shareholder at Baker Donelson.

  • Why A Rare SEC Dismissal May Not Reflect A New Approach

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    While the U.S. Securities and Exchange Commission's pending dismissal of its case against Silver Point is remarkable to the extent that it reflects a novel repudiation of a decision made during the prior commission, a deeper look suggests it may not represent a shift in policy approach, say attorneys at Weil.

  • Deficiency Trends In National Futures Association Exams

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    A recent notice from the National Futures Association outlining the most common deficiencies uncovered during exams gives member firms an opportunity to review prior guidance, particularly regarding the hot topic of implementing procedures governing the use of outsourced service providers, say attorneys at Akin.

  • A Judge's Pointers For Adding Spice To Dry Legal Writing

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    U.S. District Judge Fred Biery shares a few key lessons about how to go against the grain of the legal writing tradition by adding color to bland judicial opinions, such as by telling a human story and injecting literary devices where possible.

  • Pleading Rules At Stake In High Court Hamas Banking Case

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    While a case between victims of Hamas terrorist attacks and a Lebanese bank, recently argued before the U.S. Supreme Court, appears to ask a narrow question of which civil procedure rules apply to requests to reopen final judgments, how the justices rule could drastically change pleading strategies for future plaintiffs, say attorneys at Dorsey & Whitney.

  • Expectations For SEC Exams As Private Credit Market Grows

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    The U.S. Securities and Exchange Commission may rely heavily on its Division of Examinations for regulating private credit markets amid their expansion into the retail investor space, so investment advisers should be prepared to address several likely areas of focus when confronted with an exam, say attorneys at Dechert.

  • What's Potentially In Store For CFTC Under New Leadership

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    Under the leadership of acting U.S. Commodity Futures Trading Commission Chairman Caroline Pham, and with the nomination of former commissioner Brian Quintenz to serve as permanent chair, the commission is set to widely embrace digital assets and event contracts, say attorneys at Davis Wright.

  • Revived Executive Order Is A Deregulatory Boon To Banks

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    A recently reinstated 2019 executive order reveals the Trump administration’s willingness to provide unprecedented protections for regulated parties — including financial institutions — but to claim them, banks and other entities must adopt a forward-leaning posture to work with the regulators, say attorneys at Davis Wright.

  • 2 Practical Ways For Banks To Battle Elder Financial Abuse

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    Federal regulators' recent statement raising awareness of elder financial exploitation provides a useful catalog of techniques that banks can employ to fight fraud, particularly encouraging older account holders to establish trusted contacts and sharing timely warnings about the latest scams with customers, say attorneys at Nutter.

  • Opinion

    SEC Defense Bar Should Pursue Sanctions Flexibility Now

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    The U.S. Securities and Exchange Commission defense bar has an opening under the new administration to propose flexible, tailored sanctions that can substantially remediate misconduct and prevent future wrongdoing instead of onerous penalties, which could set sanctions precedent for years to come, says Josh Hess at BCLP.

  • 7 Tips For Associates To Thrive In Hybrid Work Environments

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    As the vast majority of law firms have embraced some type of hybrid work policy, associates should consider a few strategies to get the most out of both their in-person and remote workdays, says James Argionis at Cozen O’Connor.

  • Series

    Playing Beach Volleyball Makes Me A Better Lawyer

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    My commitment to beach volleyball has become integral to my performance as an attorney, with the sport continually reminding me that teamwork, perseverance, professionalism and stress management are essential to both undertakings, says Amy Drushal at Trenam.

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