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Asset Management

  • September 11, 2025

    BofA Wants Quick 4th Circ. Appeal In 401(k) Forfeiture Suit

    Bank of America wants to appeal a North Carolina federal court's denial of its dismissal bid in a proposed class action filed on behalf of 401(k) participants alleging the bank misspent forfeitures from workers' retirement plan.

  • September 11, 2025

    LifePoint Must Face Workers' 401(k) Mismanagement Suit

    A Tennessee federal judge refused to toss a proposed class action against LifePoint Health Inc. from participants in the healthcare company's employee 401(k) plan who alleged their retirement savings were dragged down by excessive recordkeeping and administrative fees, concluding allegations were sufficiently backed up to proceed to discovery.

  • September 11, 2025

    Freshfields, Kirkland Advise On Advent's $4.7B Zentiva Sale

    European generics pharmaceutical company Zentiva will be sold by private equity firm Advent to U.S.-based GTCR, Advent announced Thursday.

  • September 11, 2025

    Cooley-Led LB Pharmaceuticals Raises Upsized $285M IPO

    LB Pharmaceuticals, a clinical-stage biopharma company developing therapies for a number of neuropsychiatric diseases, hit the public markets on Thursday after raising $285 million in an upsized initial public offering.

  • September 11, 2025

    Media, Sports-Focused SPAC's $240M IPO Guided By 3 Firms

    Trailblazer Acquisition, a blank-check company whose target businesses include media and sports and entertainment, was steered by three law firms as it raised $240 million in an upsized initial public offering with 24 million units at $10.

  • September 11, 2025

    5th Circ. Won't Revisit Doctor's Captive Insurance Case

    The Fifth Circuit rejected a Texas doctor's request for the full court to review a panel's July decision that he was not entitled to $1 million in tax deductions linked to his urgent care network's captive insurance company.

  • September 11, 2025

    Kirkland-Led Aurora Wraps 7th Fund With $2.1B In Tow

    Kirkland & Ellis LLP-advised Aurora Capital Partners on Thursday revealed that it closed its seventh fund after securing more than $2.1 billion of capital commitments.

  • September 10, 2025

    Chinese Real Estate Co. Inks $5M Deal To End Investor Suit

    Investors in Chinese real estate giant KE Holdings Inc. have asked a New York federal judge to give an initial nod to a nearly $5 million deal ending claims the company misled the markets about certain key performance metrics in filings associated with its secondary public offering.

  • September 10, 2025

    Latham-Led Stablecoin Firm Figure Prices Upsized $788M IPO

    Stablecoin issuer Figure Technology Solutions began trading Thursday after it priced an upsized initial public offering that raised $787.5 million above its marketed range, in an offering guided by Latham & Watkins LLP and Davis Polk & Wardwell LLP.

  • September 10, 2025

    Ex-NYPD Officer Gets 3 Years For Forex Fraud Scheme

    A former New York City police officer turned foreign currency exchange investor on Wednesday was sentenced to three years in prison for defrauding investors out of over $4 million through lies about nonexistent risk mitigation measures.

  • September 10, 2025

    Del. Justices Urged To Revive $10.5B Zendesk Deal Challenge

    An attorney for stockholders of software-as-a-service business Zendesk Inc. told Delaware's Supreme Court Wednesday that a conflict at the heart of a challenge to the company's $10.5 billion take-private deal with a private equity consortium was undisclosed at the time of its approval.

  • September 10, 2025

    Airbnb Presses Bid To Toss Conservative Shareholders' Suit

    Airbnb Inc. is urging a Delaware federal judge to reject a lawsuit from two conservative institutional shareholders, arguing that delivery of the groups' shareholder proposals to the company's mail room doesn't suggest executives sought to exclude the submissions from the company's 2025 proxy materials.

  • September 10, 2025

    Kirkland, Kilpatrick Townsend Guide $566M Potbelly Sale

    Potbelly Corp. will be sold to convenience retailer RaceTrac Inc. for $566 million in a deal steered by Kirkland & Ellis LLP and Kilpatrick Townsend & Stockton LLP, respectively, the sandwich chain announced Wednesday.

  • September 10, 2025

    Trump To Take Fed Gov. Cook's Removal Case To DC Circ.

    President Donald Trump on Wednesday told a Washington, D.C., federal judge that the government will appeal the judge's decision granting a temporary win to Federal Reserve Gov. Lisa Cook in her challenge to the president's attempt to remove her from her position.

  • September 10, 2025

    Private Equity Fund CEO Charged In $62.5M Ponzi-Like Fraud

    The founder of a private equity fund was charged with wire fraud in California federal court for allegedly scamming about $62.5 million from 500 investors through sham promissory notes that purported to yield investment returns up to 15%, while using investors' cash to pay interest to other investors in a Ponzi-like scheme.

  • September 10, 2025

    AI Infrastructure Startup Nebius Seeks $3B To Fuel Expansion

    Dutch artificial intelligence infrastructure company Nebius Group N.V. on Wednesday announced plans to raise up to $3 billion to further fuel its growth, a move that comes just days after the tech company revealed a multibillion-dollar partnership with Microsoft.

  • September 10, 2025

    Del. Justices Urged To Reverse Ad Co. Note Conversion Nix

    An investor group attorney told three Delaware Supreme Court justices Wednesday that the Court of Chancery wrongly found last year that advertising tech company Vistar Media Inc. had a right to involuntarily cash out millions worth of matured investor notes despite noteholder claims their agreement never allowed the move.

  • September 10, 2025

    SEC Taps Gibson Atty To Head Corporation Finance Division

    The U.S. Securities and Exchange Commission on Wednesday named the co-chair of Gibson Dunn & Crutcher LLP's securities regulation practice as the new leader of its Division of Corporation Finance, which is responsible for writing rules and providing guidance to publicly traded companies on shareholder disclosure matters, among other things.

  • September 10, 2025

    PsiQuantum Valued At $7B After $1B Funding Round

    Quantum computer company PsiQuantum, advised by Goodwin Procter LLP, on Wednesday revealed that it hit a $7 billion valuation following the close of its $1 billion Series E funding round, which will help the Palo Alto-based company build "the world's first" commercially useful, fault-tolerant quantum computers.

  • September 10, 2025

    Molson Coors Kept Subpar Fund In $2B 401(k) Plan, Suit Says

    Molson Coors kept a risky and poorly performing fund in its nearly $2 billion employee 401(k) plan, costing plan participants millions of dollars in retirement savings, a former worker for the brewing giant said in a proposed class action in Wisconsin federal court.

  • September 10, 2025

    Skadden, Latham Lead Vimeo's $1.4B Sale To Bending Spoons

    Video platform Vimeo Inc. said Wednesday it has agreed to be acquired by Italian mobile app developer Bending Spoons in an all-cash transaction valued at approximately $1.38 billion, with Skadden Arps Slate Meagher & Flom LLP representing Vimeo and Latham & Watkins LLP advising Bending Spoons.

  • September 10, 2025

    Kirkland-Led Veritas Clinches $14.4B Tech-Focused Fund

    Technology investor Veritas Capital, led by Kirkland & Ellis LLP, revealed on Wednesday that it wrapped fundraising for its ninth fund after securing $14.4 billion in capital commitments, which will be used to invest across the technology sector.

  • September 10, 2025

    Kirkland Adds Fintech Regulatory Partner From McDermott

    Kirkland & Ellis LLP has enhanced its fintech regulatory compliance capabilities in New York with the addition of an experienced corporate partner who joins the firm from McDermott Will & Schulte.

  • September 09, 2025

    Fed Reserve Gov. Cook Wins Removal Reprieve For Now

    Federal Reserve Gov. Lisa Cook, for now, can stay on the Fed's board while she challenges President Donald Trump's attempt to strip her of her position, a D.C. federal judge ruled late Tuesday, saying Cook has "made a strong showing" that her purported removal was likely illegal.

  • September 09, 2025

    Investor Tells Texas Justices UDF Claims Aren't Derivative

    The Texas Supreme Court on Tuesday pressed an alternative investment firm to explain how its suit against an adviser to a fund at the center of a $100 million, decadelong Ponzi scheme would not be classified as a derivative action, asking what distinct injury allows the firm to sue individually.

Expert Analysis

  • A Look At Justices' Rare Decision Not To Limit Agency Powers

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    The Supreme Court's recent denial of Alpine's cert petition in its long-running case against the Financial Industry Regulatory Authority sends a strong signal that litigation strategies dependent on the elimination of government agencies merit caution, even from a court that lately hasn't been shy about paring back agency authority, say attorneys at Venable.

  • Series

    Hiking Makes Me A Better Lawyer

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    On the trail, I have thought often about the parallels between hiking and high-stakes patent litigation, and why strategizing, preparation, perseverance and joy are important skills for success in both endeavors, says Barbara Fiacco at Foley Hoag.

  • Opinion

    Time For Full Disclosure Of Third-Party Funding In MDLs

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    It is appropriate that the Federal Advisory Committee on Civil Rules is considering a rule to require disclosure of third-party litigation funding in civil litigation — something that is particularly needed in multidistrict litigation, which now comprises more than half of all civil cases in the federal courts, says Eric Hudson at Butler Snow.

  • Series

    Law School's Missed Lessons: Negotiation Skills

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    I took one negotiation course in law school, but most of the techniques I rely on today I learned in practice, where I've discovered that the process is less about tricks or tactics, and more about clarity, preparation and communication, says Grant Schrantz at Haug Barron.

  • Taxpayers Face Tough Choices Under NJ's New Nexus Rules

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    Though New Jersey’s new rules expanding the commercial nexus that triggers state taxation are likely to be challenged, businesses still need to carefully consider whether it’s best to minimize potential tax by reducing online customer support services or maintain their current instate services and begin paying tax, say attorneys at Husch Blackwell.

  • Bipartisan Bill Could Aid ESOP Formation, Valuation Clarity

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    The proposed Retire through Ownership Act represents a meaningful first step toward clarifying whether transactions qualify under the adequate consideration exemption in the Employee Retirement Income Security Act, potentially eliminating the litigation risk that has chilled employee stock ownership plan formation, say attorneys at Moore & Van Allen.

  • ESG-Focused Activism Persists Despite Proxy Curbs

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    Shareholder activism focused on environmental, social and governance factors appears poised to continue, despite the U.S. Securities and Exchange Commission's recent move toward exclusions in proxy voting proposals around ESG, say attorneys at Mintz.

  • Opinion

    Bar Exam Reform Must Expand Beyond A Single Updated Test

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    Recently released information about the National Conference of Bar Examiners’ new NextGen Uniform Bar Exam highlights why a single test is not ideal for measuring newly licensed lawyers’ competency, demonstrating the need for collaborative development, implementation and reform processes, says Gregory Bordelon at Suffolk University.

  • A Simple Way Courts Can Help Attys Avoid AI Hallucinations

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    As attorneys increasingly rely on generative artificial intelligence for legal research, courts should consider expanding online quality control programs to flag potential hallucinations — permitting counsel to correct mistakes and sparing judges the burden of imposing sanctions, say attorneys at Lankler Siffert & Wohl and Connors.

  • Opinion

    SEC Should Restore Its 2020 Proxy Adviser Rule

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    Due to concerns over proxy advisers' accuracy, reliability and transparency, the U.S. Securities and Exchange Commission should reinstate its 2020 rule designed to suppress the influence that they wield in shareholder voting, says Kyle Isakower at the American Council for Capital Formation.

  • What's At Stake In High Court Review Of Funds' Right To Sue

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    The U.S. Supreme Court's upcoming review of FS Credit Opportunities v. Saba Capital Master Fund, a case testing the limits of using Investment Company Act Section 47(b) to give funds a private right of action to enforce other sections of the law, could either encourage or curb similar activist investor lawsuits, say attorneys at Goodwin.

  • Handling Sanctions Risk Cartel Control Brings To Mexico Port

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    Companies operating in or trading with Mexico should take steps to mitigate heightened exposure triggered by routine port transactions following the U.S. Treasury’s recent unequivocal statement that a foreign terrorist organization controls the port of Manzanillo, says Jeremy Paner at Hughes Hubbard.

  • New NY Residential Real Estate Rules May Be Overbroad

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    New legislation imposing a 90-day-waiting period and tax deduction restrictions on certain New York real estate investors may have broad effects and unintended consequences, creating impediments for a wide range of corporate and other transactions, says Libin Zhang at Fried Frank.

  • Unpacking The Supreme Court's Views On Judgment Finality

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    The U.S. Supreme Court's June opinion in BLOM Bank SAL v. Honickman reaffirmed that the bar for reopening a final judgment remains exceptionally high — even when the movant seeks to amend their complaint based on a new legal development, say attorneys at Venable.

  • M&A Ruling Reinforces High Bar For Aiding, Abetting Claims

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    The Delaware Supreme Court's recent decision in In re: Columbia Pipeline may slow the filing of aiding and abetting claims against third-party buyers in situations where buyers negotiate aggressively, putting buy-side dealmakers' minds at ease that they likely won't be liable for seeking the best possible deal, say attorneys at Simpson Thacher.

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