https://www.law360.com/assetmanagement?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Asset Management Copyright 2025 Portfolio Media, Inc. en-US Thu, 01 May 2025 23:26:59 +0000 https://www.law360.com/assetmanagement/articles/2333429?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2333429 The Federal Trade Commission and Nevada on Thursday filed suit in federal court against an investment training company they alleged scammed more than $1.2 billion out of consumers, mostly young adults, by selling trading courses taught by "bogus" instructors and encouraging consumers to participate in a multi-level marketing scheme. Thu, 01 May 2025 22:52:42 +0000 https://www.law360.com/assetmanagement/articles/2333273?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2333273 A Manhattan federal judge on Thursday permanently ended claims a real estate investor in a botched $2.6 billion Philippine casino deal brought against attorneys from Sadis & Goldberg LLP, finding that claims that they allowed a fraud to unfold and breached their fiduciary duties were too vague. Thu, 01 May 2025 22:45:26 +0000 https://www.law360.com/assetmanagement/articles/2333160?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2333160 An Illinois fund that invests in life insurance policies has been hit with securities fraud, breach of fiduciary duty and several other claims in a suit seeking at least $50 million that alleges it manipulated the value of illiquid assets to collect inflated fees from investors. Thu, 01 May 2025 22:01:27 +0000 https://www.law360.com/assetmanagement/articles/2333124?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2333124 Cohen Milstein Sellers & Toll PLLC and Lieff Cabraser Heimann & Bernstein LLP will represent a proposed class of investors in a suit alleging Jack Dorsey's fintech company Block Inc. created a "haven for criminal and illicit activities" on its Cash App and Square payment platforms despite touting its anti-money laundering protocols. Thu, 01 May 2025 21:40:59 +0000 https://www.law360.com/assetmanagement/articles/2333087?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2333087 The Financial Industry Regulatory Authority announced online broker-dealer Interactive Brokers LLC will pay $400,0000 to settle claims it failed to report regulatory complaints and customer grievances regarding the functionality of its virtual platform to FINRA over an 11-year period. Thu, 01 May 2025 21:33:07 +0000 https://www.law360.com/assetmanagement/articles/2332900?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2332900 Private equity giant Apollo, advised by Paul Weiss Rifkind Wharton & Garrison LLP, on Thursday said that it closed on $8.5 billion in total commitments for its Accord+ strategy, including a $4.8 billion fund. Thu, 01 May 2025 21:25:21 +0000 https://www.law360.com/assetmanagement/articles/2333269?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2333269 The U.S. Department of the Treasury's financial crimes watchdog on Thursday called out Cambodia-based Huione Group as a primary money laundering concern and proposed to "sever its access to the U.S. financial system" due to its alleged laundering of $4 billion worth of crypto scam and other illicit proceeds. Thu, 01 May 2025 19:17:25 +0000 https://www.law360.com/assetmanagement/articles/2333071?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2333071 The Consumer Financial Protection Bureau has agreed to a proposed consent judgment that would vacate a Biden-era rule banning an estimated $49 billion in medical debt from credit reports, striking a deal with lender trade groups that sued in Texas federal court to block the rule. Thu, 01 May 2025 18:35:19 +0000 https://www.law360.com/assetmanagement/articles/2332962?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2332962 A special purpose acquisition company led by crypto influencer Anthony Pompliano and advised by Reed Smith LLP has filed for an initial public offering to raise $200 million, while two other blank-check companies eyeing the fintech and tech sectors have raised more than $400 million combined. Thu, 01 May 2025 18:34:06 +0000 https://www.law360.com/assetmanagement/articles/2331850?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2331850 A PetroSaudi unit continues fighting the Trump administration's bid to pause litigation to seize a $380 million arbitral award while related proceedings in Switzerland play out, saying a California federal judge has already denied its stay request once before. Thu, 01 May 2025 16:58:39 +0000 https://www.law360.com/assetmanagement/articles/2333163?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2333163 A North Carolina trade executive's latest trip to the Second Circuit in his quest to win damages for alleged hacking by a private investigator on Dechert LLP's behalf should end like the others, with a dismissal, defense counsel argued Thursday. Thu, 01 May 2025 16:56:41 +0000 https://www.law360.com/assetmanagement/articles/2333264?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2333264 White & Case LLP-advised Dream Games, which makes popular mobile games such as Royal Match and Royal Kingdom, on Thursday announced that it secured a strategic investment from its sole equity partner, Latham & Watkins LLP-led private equity shop CVC Capital Partners. Thu, 01 May 2025 16:16:43 +0000 https://www.law360.com/assetmanagement/articles/2332519?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2332519 While businesses may have been given a reprieve from the U.S. Securities and Exchange Commission's rules aimed at standardizing climate-related disclosures, they must still track evolving requirements in states including California, Illinois, New Jersey and New York that will soon require reporting of direct and indirect carbon emissions, say attorneys at Husch Blackwell. Thu, 01 May 2025 15:33:59 +0000 https://www.law360.com/assetmanagement/articles/2332564?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2332564 A banker challenging the Federal Deposit Insurance Corp.'s use of in-house proceedings to level a fraud judgment against him told the Fifth Circuit that its recent decision overturning a $57 million Federal Communications Commission fine against AT&T confirms that the FDIC cannot rely on a "public rights" exemption to impose fines without a jury trial. Thu, 01 May 2025 14:31:06 +0000 https://www.law360.com/assetmanagement/articles/2332896?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2332896 Hometown Food Co., a portfolio company of Holland & Knight LLP-advised private equity shop Brynwood Partners, on Thursday announced plans to acquire the iconic Chef Boyardee brand from Mayer Brown LLP-led Conagra Brands Inc. in a $600 million deal. Thu, 01 May 2025 12:54:01 +0000 https://www.law360.com/assetmanagement/articles/2332483?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2332483 The Fourth Circuit found no error in a former cryptocurrency executive's conviction for fraud and conspiracy related to his time working at a foreign currency and cryptocurrency trading investment firm that the panel said was actually just a Ponzi scheme that never made any trades. Thu, 01 May 2025 12:51:28 +0000 https://www.law360.com/assetmanagement/articles/2332022?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2332022 The U.S. Commodity Futures Trading Commission recently released a request for comment on the trading and clearing of perpetual-style derivatives, most common in the cryptocurrency market, necessitating a deep look at how these contracts operate and their associated risks, say attorneys at Moore & Van Allen. Thu, 01 May 2025 12:02:52 +0000 https://www.law360.com/assetmanagement/articles/2332894?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2332894 Paul Weiss Rifkind Wharton & Garrison LLP-led private equity giant Apollo on Thursday revealed that it wrapped its inaugural flagship secondaries fund with $5.4 billion in tow. Thu, 01 May 2025 10:51:17 +0000 https://www.law360.com/assetmanagement/articles/2332769?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2332769 Sony could sell its semiconductor unit for $49 billion, while proxy advisory firm Glass Lewis is considering ending its practice of advising shareholder votes on politically charged topics, and AI startup Nscale plans to raise $2.7 billion in private capital to support the construction of data centers around the world. Thu, 01 May 2025 10:21:44 +0000 https://www.law360.com/assetmanagement/articles/2305667?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/assetmanagement/articles/2305667 Serving as an adjunct college professor has taught me the importance of building rapport, communicating effectively, and persuading individuals to critically analyze the difference between what they think and what they know — principles that have helped to improve my practice of law, says Sheria Clarke at Nelson Mullins.