Harnessing the vast capabilities of our renowned Litigation Department, our Investment Management Litigation Group helps globally leading and emerging asset management firms—including private equity firms, credit funds, hedge funds and venture capital firms—and their general partners and portfolio companies safely navigate a wide range of disputes, regulatory inquiries, and investigations.
Events
Brad Karp and Susanna Buergel Speak at SIFMA Seminar
Firm Chairman Brad Karp and litigation partner Susanna Buergel participated in the Securities Industry and Financial Markets Association’s (SIFMA) 2024 Compliance & Legal Seminar.
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Federal Jury Finds Defendant Liable in SEC “Shadow Trading” Case
See Also
- Susanna M. Buergel
- Jessica S. Carey
- Geoffrey R. Chepiga
- Andrew J. Ehrlich
- David P. Friedman
- Udi Grofman
- Brad S. Karp
- Daniel J. Kramer
- Gregory F. Laufer
- Audra J. Soloway
- Brette Tannenbaum
- Richard C. Tarlowe
- Meaghan E. Brennan
- Investment Funds
- Litigation
- Investment Management Litigation
- White Collar & Regulatory Defense
In SEC v. Panuwat, the SEC won its first insider trading enforcement action against a defendant possessing one company’s non-public information while trading in the securities of a different company that was not the subject or source of the information.
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Blackstone Wins Unanimous Appellate Victory in $50 Billion Action Brought by Kentucky Attorney General
Paul, Weiss secured a significant appellate win on behalf of The Blackstone Group and Blackstone Alternative Asset Management (BAAM).
Client News
Golden Gate Private Equity Wins Major Victory in Dispute Stemming From Bronx Real Estate Deal
Representing Golden Gate Private Equity, Inc., in New York state court, Paul, Weiss secured the complete dismissal, with prejudice, of a contract and fraud lawsuit concerning a Bronx real estate transaction.
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AR Global Wins Affirmance of Dismissal in REIT Shareholder Merger Challenge
Paul, Weiss achieved a significant victory on behalf of AR Global and its executives, including CEO Nicholas Schorsch and co-founder William Kahane, when the New York State Appellate Division, First Department unanimously affirmed the dismissal of a lawsuit arising out of the 2017 merger of two AR Global-sponsored REITs, American Finance Trust (AFIN) and Retail Centers of America.
» moreAwards & Recognition
Roberto Finzi and Richard Tarlowe Recognized by The American Lawyer for Achieving “Remarkable” Outcome in White Collar Case
Litigation partners Roberto Finzi and Richard Tarlowe were recognized by The American Lawyer for achieving a “remarkable” turnaround in a white collar case.
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Oaktree Wins Affirmance of Securities Class Action Dismissal
Paul, Weiss secured a Seventh Circuit affirmance of the 2020 dismissal, with prejudice, of a putative securities class action brought against our client Oaktree Capital Management, L.P. over Oaktree’s investment in Tribune Media Company.
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SEC Proposes Amendments to Form ADV Regarding Investment Advisers’ ESG Practices
See Also
- Victoria S. Forrester
- Matthew B. Goldstein
- Udi Grofman
- Amran Hussein
- Marco V. Masotti
- Aaron J. Schlaphoff
- Conrad van Loggerenberg
- Lindsey L. Wiersma
- Caitlin T. Kelly
- Allison Muth
- Marc Palumbo
- Jyoti Sharma
- Marian S. Shin
- Maury Slevin
- Matthew J. Zweig
- Investment Funds
- ESG Thought Leadership
- Investment Management Litigation
This memorandum summarizes the SEC’s proposed amendments to Form ADV, which would require investment advisers, including private fund advisers, to disclose additional information regarding their incorporation of environmental, social and governance factors in their investment strategies.
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Blackstone Funds Win Dismissal of Derivative Action
Paul, Weiss achieved a significant victory for certain funds affiliated with The Blackstone Group in the Delaware Court of Chancery when the court dismissed with prejudice a consolidated derivative lawsuit brought by purported stockholders of Zimmer Biomet Holdings, Inc.
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Paul, Weiss Named “Commercial Litigation Firm of the Year” by Chambers USA Awards
Paul, Weiss was recognized as the “Commercial Litigation Firm of the Year” in the Chambers USA Awards 2022.
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SEC Highlights Investment Adviser MNPI Compliance Issues
This memorandum summarizes the SEC’s recent Risk Alert highlighting deficiencies observed by staff in their examinations of investment advisers associated with their policies, procedures and controls around the creation, receipt and use of potential material non-public information (“MNPI”).
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Federal Judge Allows SEC to Proceed on “Shadow Trading” Theory
See Also
- Susanna M. Buergel
- Geoffrey R. Chepiga
- Andrew J. Ehrlich
- Roberto Finzi
- Udi Grofman
- Daniel J. Kramer
- Gregory F. Laufer
- Jane B. O'Brien
- Lorin L. Reisner
- Raphael M. Russo
- Audra J. Soloway
- Richard C. Tarlowe
- Securities Litigation
- Financial Services Litigation & Investigations
- Litigation
- White Collar & Regulatory Defense
- Investment Management Litigation
A federal judge in San Francisco recently held that an executive could be held liable for “shadow trading”—i.e., trading in securities of a similarly situated competitor’s shares—while in possession of inside information about his own company.
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Private Equity Firms Face Increasing False Claims Act Scrutiny
The DOJ recently announced a settlement in an FCA case involving a medical testing company that included a parallel settlement with the company’s minority owner, a private equity firm. The settlement joins a growing number of similar FCA cases taking aim at private equity firms based on their involvement with or ownership of portfolio companies.
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New Lawsuits Alleging That SPACs Are Unregistered Investment Companies Face Significant Hurdles
See Also
- Susanna M. Buergel
- Jessica S. Carey
- Geoffrey R. Chepiga
- Andrew J. Ehrlich
- Brad S. Karp
- Daniel J. Kramer
- Gregory F. Laufer
- Raphael M. Russo
- Audra J. Soloway
- Robert N. Kravitz
- Jonathan C. Day
- Securities Litigation
- Litigation
- Financial Services Litigation & Investigations
- Mergers & Acquisitions
- Investment Funds
- Private Equity
- Capital Markets
- Mergers & Acquisitions Litigation
- SPACs
- Investment Management Litigation
Two law professors—one a former SEC commissioner—have filed lawsuits alleging that SPACs are investment companies that should be subject to the registration and other requirements of the Investment Company Act of 1940, and more such lawsuits are reportedly in the works. We analyze the complaints and the reasons they may fail in regard to typical SPACs.
» moreClient News
Fifth Circuit Affirms $78 Million Summary Judgment Victory for Oaktree Capital
Ending more than six years of litigation against our client Oaktree Capital Management, L.P., Paul, Weiss defeated an appellate challenge of Oaktree’s summary judgment win in its dispute with a Taiwanese shipping magnate.
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