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Asset Management

  • March 24, 2025

    Mass. Wants Info On Robinhood's March Madness Contracts

    Massachusetts' secretary of state has issued a subpoena to Robinhood Markets Inc. related to the trading platform's sporting event contracts tied to this year's March Madness tournaments, officials said Monday.

  • March 24, 2025

    Kirkland-Led Pike Street Clinches $199M Continuation Fund

    Kirkland & Ellis LLP-led private equity shop Pike Street Capital LLC said on Monday that it closed its latest single-asset continuation vehicle after securing $199 million from investors.

  • March 24, 2025

    Ga. Clinic Hit With Retaliation, Confidentiality Allegations

    A former employee of a Georgia sexual assault survivors' clinic filed a whistleblower lawsuit against the organization Friday claiming that she was forced out of her position after refusing to help cover up allegations that the clinic was violating victim confidentiality laws.

  • March 24, 2025

    SEC, FINRA Enforcement Heads Say Crypto Still A Focus

    Heads of enforcement at the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority indicated Monday the agencies are keeping their eyes on cryptocurrency, even as the former has backed off of various cases and investigations involving crypto.

  • March 24, 2025

    SmartStop REIT Plans $864M IPO Amid US-Canada Trade Row

    SmartStop Self Storage REIT Inc., a real estate investment trust managing U.S. and Canadian properties, unveiled plans on Monday for an estimated $864 million initial public offering amid trade disputes rippling across North America, represented by Nelson Mullins Riley & Scarborough LLP and underwriters' counsel Latham & Watkins LLP.

  • March 21, 2025

    Only FDIC Can Sue Over Signature Bank Collapse, Judge Says

    A New York federal judge on Friday tossed a shareholder lawsuit over alleged misstatements about Signature Bank's health ahead of its 2023 collapse, saying shareholders lacked standing to sue in light of the FDIC being a receiver of both the failed bank's assets and rights of the bank's stockholders.

  • March 21, 2025

    Latham-Led Online Ticket Giant StubHub Files IPO

    Private equity- and venture-backed online ticket reseller StubHub Holdings Inc. on Friday filed its long-awaited initial public offering plans, represented by Latham & Waktins LLP and underwriters counsel Cooley LLP.

  • March 21, 2025

    SEC Guidance Moves Needle In Favor Of Private Fundraising

    The U.S. Securities and Exchange Commission's recent guidance on how accredited investors can self-certify when participating in broadly publicized private placements simplifies legal compliance for issuers, according to attorneys, though the jury is still out on whether market participants will embrace the new framework.

  • March 21, 2025

    Ex-Jefferies Employee Says Age Bias Led To Termination

    Investment bank Jefferies LLC has been sued by a former assistant vice president who alleged he was fired under the pretext of working from home too much and that he was actually a victim of age discrimination.

  • March 21, 2025

    Chicago Feds Charge 7 Over Alleged $214M Pump-And-Dump

    Federal prosecutors on Friday charged seven foreign nationals over a "pump and dump" scheme in which they allegedly posed as U.S.-based investment advisers online and artificially raised the stock price of a company purporting to provide educational services in China, raking in more than $200 million when they sold their shares.

  • March 21, 2025

    Israel-Focused SPAC Raises $125M To Pursue Merger

    Shares of Gesher Acquisition Corp. II began trading on the Nasdaq on Friday after the blank-check company detailed plans to raise $125 million in its initial public offering with the goal of merging with an Israeli company.

  • March 21, 2025

    Credit Unions Denied Class Cert. In NY Rate Cut Suit

    A trio of Western New York credit unions can't get certification for a class of state court consumer debt judgment holders after a lengthy "abusive and tactical" delay in filing their certification bid in a suit over a state law aimed at decreasing the default interest rate for such judgments, a Manhattan federal judge found.

  • March 20, 2025

    OCC Says It Will Stop Examining Banks For Reputation Risk

    The Office of the Comptroller of the Currency said Thursday that it will no longer examine banks for reputation risk, adopting a policy change that some Republican lawmakers want to require for all federal banking regulators to help curb so-called debanking.

  • March 20, 2025

    Iowa Adviser To Pay $15M Over SEC Conflict Claims

    An Iowa-based adviser has been ordered to pay $15 million over claims from the U.S. Securities and Exchange Commission that it invested client assets in funds that benefited an affiliated broker-dealer instead of lower-cost alternatives, without disclosing its conflicts of interest.

  • March 20, 2025

    Fla. Fund Sued In Del. After Denying Investor Redemptions

    Investors in Florida-based limited partnership P and J Titan Fund LP sued the fund, its general partner, sole director and investment manager in Delaware's Court of Chancery on Tuesday, alleging improper redemption refusals and diversions of funds.

  • March 20, 2025

    Bitcoin Rival Can't Reargue $2M Suit Against Grayscale

    Cryptocurrency firm Osprey Funds LLC can't reargue claims that the Connecticut Unfair Trade Practices Act governs its bitcoin feud with digital asset management firm Grayscale Investments LLC, a Connecticut state judge has ruled.

  • March 20, 2025

    South Korea Can't Nix $32M Award To US Hedge Fund

    South Korea on Thursday lost its bid to set aside an arbitral award ordering it to pay some $32 million to a U.S. hedge fund following a dispute over a government bribery scandal that allegedly underpinned the $8 billion merger of two Samsung affiliates in 2015.

  • March 20, 2025

    2nd Circ. Appears Open To Restarting IBM Pension Fight

    The Second Circuit on Thursday seemed to lean toward reviving a proposed class action alleging IBM shorted retirees on pension payments through the use of outdated mortality data, with two judges asking questions about possible summary judgment proceedings in the case.

  • March 20, 2025

    NC Statehouse Catch-Up: Helene, Crypto, Curbing The AG

    Hurricane Helene is still center stage in the North Carolina General Assembly nearly six months after it tore through a large swath of the state, with the governor signing off on the latest round of funding as one lawmaker seeks to carve out cash to rebuild a destroyed courthouse.

  • March 20, 2025

    Oracle Eyes Stake In TikTok's US Entity, And More Rumors

    Oracle is considering acquiring a stake in TikTok's U.S. operations that would allow the social media giant to continue doing business here under certain security assurances. Meanwhile, Brookfield Asset Management has emerged as the top contender to acquire Colonial Pipeline, and German drugmaker Stada is delaying its IPO until at least September because of market volatility. Here, Law360 breaks down the notable deal rumors from the past week.

  • March 20, 2025

    Lockheed Workers Claim Self-Dealing In 'DIY' 401(k) Plans

    Lockheed Martin engaged in self-dealing through "DIY" management of its $50 billion retirement plans by tapping in-house investment funds that significantly underperformed independent offerings on the market, a group of workers claimed in Maryland federal court.

  • March 20, 2025

    Marathon Clinches 2nd Credit Fund With $2.7B Committed

    Public and private credit-focused Marathon Asset Management on Thursday said it wrapped its second global opportunistic credit strategy with $2.7 billion in tow, including affiliated and co-investment vehicles.

  • March 20, 2025

    AI Startup CoreWeave Launches Plans For $2.5B IPO

    Artificial intelligence-focused startup CoreWeave Inc. on Thursday set plans for an estimated $2.5 billion initial public offering, represented by Fenwick & West LLP and underwriters' counsel Latham & Watkins LLP, likely launching the largest IPO of 2025.

  • March 19, 2025

    Colo. Adviser Says SEC Can't Seek Suspension

    A Colorado-based municipal adviser and his company have sued the U.S. Securities and Exchange Commission, asserting that the regulator violated their right to due process with administrative moves to revoke their registration following its partial summary judgment win in first-of-its-kind enforcement litigation.

  • March 19, 2025

    Turn/River Clinches 6th Fund With $2.5B Of Committed Capital

    Software-focused private equity firm Turn/River Capital, advised by Kirkland & Ellis LLP, on Wednesday announced that it closed its sixth fund with $2.5 billion in tow.

Expert Analysis

  • Opinion

    FDIC's Foray Into Index Fund Rules Risks Regulatory Chaos

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    A proposed Federal Deposit Insurance Corp. rule concerning control over passive index fund investments in banks is outside the agency's remit, clashes with an existing Federal Reserve process and would inhibit competition in the index fund sector, says J.W. Verret at George Mason University.

  • Use The Right Kind Of Feedback To Help Gen Z Attorneys

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    Generation Z associates bring unique perspectives and expectations to the workplace, so it’s imperative that supervising attorneys adapt their feedback approach in order to help young lawyers learn and grow — which is good for law firms, too, says Rachael Bosch at Fringe Professional Development.

  • Opinion

    Congress Can And Must Enact A Supreme Court Ethics Code

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    As public confidence in the U.S. Supreme Court dips to historic lows following reports raising conflict of interest concerns, Congress must exercise its constitutional power to enact a mandatory and enforceable code of ethics for the high court, says Muhammad Faridi, president of the New York City Bar Association.

  • What To Make Of Dueling Corporate Transparency Act Rulings

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    Although challenges to the Corporate Transparency Act abound — as highlighted by recent federal court decisions from Alabama and Oregon taking opposite positions on its constitutionality — the act is still law, so companies should comply with their filing requirements or face the potential consequences, say attorneys at Lowenstein Sandler.

  • Series

    The Pop Culture Docket: Justice Lebovits On Gilbert And Sullivan

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    Characters in the 19th century comic operas of Gilbert and Sullivan break the rules of good lawyering by shamelessly throwing responsible critical thought to the wind, providing hilarious lessons for lawyers and judges on how to avoid a surfeit of traps and tribulations, say acting New York Supreme Court Justice Gerald Lebovits and law student Tara Scown.

  • To Report Or Not To Report Others' Export Control Violations

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    A recent Bureau of Industry and Security enforcement policy change grants cooperation credit to those that report violations of the Export Administration Regulations committed by others, but the benefits of doing so must be weighed against significant drawbacks, including the costs of preparing and submitting a report, says Megan Lew at Cravath.

  • What FDIC Expansion Of Change In Bank Control Could Mean

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    A recent Federal Deposit Insurance Corp. proposal pertaining to the Change in Bank Control Act has the potential to create uncertainty around investments by mutual fund complexes in banking organizations, which represent a stable source of capital for the banking industry, say attorneys at Sullivan & Cromwell.

  • State Of The States' AI Legal Ethics Landscape

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    Over the past year, several state bar associations, as well as the American Bar Association, have released guidance on the ethical use of artificial intelligence in legal practice, all of which share overarching themes and some nuanced differences, say Eric Pacifici and Kevin Henderson at SMB Law Group.

  • How BIS' Rule Seeks To Encourage More Voluntary Disclosure

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    Updated incentives, penalties and enforcement resources in the Bureau of Industry and Security's recently published final rule revising the Export Administration Regulations should help companies decide how to implement export control compliance programs and whether to disclose possible violations, say attorneys at Freshfields.

  • Making Sure Your Co. Isn't In The Next Section 13(f) Sweep

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    Enforcement actions taken against 11 institutional investment managers for alleged failures to file forms required by Section 13(f) of the Securities Exchange Act serve as a reminder that firms should carefully monitor their obligations to avoid becoming the target of the next enforcement sweep, say attorneys at Ropes & Gray.

  • 8 Childhood Lessons That Can Help You Be A Better Attorney

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    A new school year is underway, marking a fitting time for attorneys to reflect on some fundamental life lessons from early childhood that offer a framework for problems that no legal textbook can solve, say Chris Gismondi and Chris Campbell at DLA Piper.

  • Opinion

    This Election, We Need To Talk About Court Process

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    In recent decades, the U.S. Supreme Court has markedly transformed judicial processes — from summary judgment standards to notice pleadings — which has, in turn, affected individuals’ substantive rights, and we need to consider how the upcoming presidential election may continue this pattern, says Reuben Guttman at Guttman Buschner.

  • Series

    Playing Diplomacy Makes Us Better Lawyers

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    Similar to the practice of law, the rules of Diplomacy — a strategic board game set in pre-World War I Europe — are neither concise nor without ambiguity, and weekly gameplay with our colleagues has revealed the game's practical applications to our work as attorneys, say Jason Osborn and Ben Bevilacqua at Winston & Strawn.

  • Applying High Court's Domestic Corruption Rulings To FCPA

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    After the U.S. Supreme Court narrowed the domestic corruption statutes in three decisions over the past year and a half, it’s worth evaluating whether these rulings may have an impact on Foreign Corrupt Practices Act enforcement, and if attorneys can use the court’s reasoning in international bribery cases, says James Koukios at MoFo.

  • Mental Health First Aid: A Brief Primer For Attorneys

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    Amid a growing body of research finding that attorneys face higher rates of mental illness than the general population, firms should consider setting up mental health first aid training programs to help lawyers assess mental health challenges in their colleagues and intervene with compassion, say psychologists Shawn Healy and Tracey Meyers.

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