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Our Investment Management Litigation Group helps the full spectrum of investment management clients safely navigate high-stakes disputes and regulatory investigations. Representing alternative asset managers across the investment spectrum, including private equity funds, credit funds, hedge funds, venture capital funds, real estate funds, hybrid funds, mutual funds and family offices, we bring to each engagement a nuanced understanding of the industry, investment products and emerging priorities of key regulators.

Client News

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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Awards & Recognition

Client News

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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Publications

SEC Proposes Amendments to Form ADV Regarding Investment Advisers’ ESG Practices

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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Awards & Recognition

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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Publications

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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Publications

Publications

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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Publications

New Lawsuits Alleging That SPACs Are Unregistered Investment Companies Face Significant Hurdles

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.

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Client 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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Client News

Oak Hill Wins Landmark Trial Victory in Delaware Fiduciary Duty Case

Paul, Weiss won a landmark trial victory for Oak Hill Capital Partners in the Delaware Court of Chancery. The win marked the first time the Chancery Court has concluded at trial that defendants satisfied the exacting “entire fairness” standard. It followed a long-running dispute related to Oak Hill’s investment in Oversee.net, in which it owned preferred stock and a majority of the common stock.

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