Your business drives us.
Results define us.

A recent Deloitte study found that ahead of the so-called "Great Wealth Transfer," 26 percent of family businesses are currently targeting outside investment or private equity. Family businesses carry powerful legacies, but the sale of such organizations can stall in the absence of sophisticated strategy and planning. For owners looking to sell their family enterprises, implementing portions of the private equity playbook will unlock significant value and position owners to exit on optimal terms. As with any family business succession strategy, the emphasis should be on clarity of goals, tailored strategy and disciplined execution.

A new working paper from the Board of Governors of the Federal Reserve’s (Federal Reserve) Finance and Economics Discussion Series (FEDS) provides the most rigorous empirical validation to date of prediction markets as a tool for measuring macroeconomic expectations. The February 12 paper systematically compares prediction market-implied forecasts against established benchmarks, including the Bloomberg consensus estimates and data, the Federal Reserve Bank of New York’s Survey of Market Expectations, and federal funds futures. The central finding: prediction markets perform as well as, and in some cases better than, the traditional forecasting instruments that central banks and market participants have relied on for decades.

About two years ago, the Supreme Court held that Section 10(b) and Rule 10b-5(b) did not prohibit "pure omissions." Rather, it prohibits making an "untrue statement of material fact  or [] omit[ting] to state a material fact necessary in order to make statements made . . . not misleading."  Macquarie Infrastructure Corp. v. Moab Partners, L.P, 144 S. Ct. 885, 888 (2024) (quoting Rule 10b-5(b) (emphasis added)). The Supreme Court accurately described the second portion of Rule 10b-5(b)—the portion italicized—as prohibiting "half-truths."  Id. at 890.  The Court described half-truths as
"representations that state the truth only so far as it goes, while omitting critical qualifying information."  Id. at 891.

On January 13, 2026, United States Securities and Exchange Commission (SEC) Chairman Paul Atkins issued a statement in which he broadly noted that the disclosure requirements of Regulation S-K do not always yield "information that a reasonable investor would consider important in making an investment or voting decision." In light of that, Chairman Atkins instructed the Division of Corporation Finance to pursue a comprehensive review of Regulation S-K, which is well under way, and includes an open request for public comment on ways to amend Regulation S-K.

Financial Markets and Funds Global Chair Lance Zinman and Investment Management and Trading Co-Chair Christopher Shannon led the Katten team representing premier global financial services firm Cantor Fitzgerald in its milestone acquisition of the renowned multi-strategy hedge fund platform UBS O'Connor.