Healthcare services provider McKesson Corp., advised by Davis Polk & Wardwell LLP, on Tuesday unveiled plans to acquire clinical research and biopharmaceutical commercialization services business Precision Medicine Group for roughly $2.25 billion.
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Mergers & Acquisitions
WEDNESDAY, AUGUST 26, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

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McKesson Snags Precision Medicine Group In $2.25B Deal

By Jade Martinez-Pogue

Healthcare services provider McKesson Corp., advised by Davis Polk & Wardwell LLP, on Tuesday unveiled plans to acquire clinical research and biopharmaceutical commercialization services business Precision Medicine Group for roughly $2.25 billion.

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4 Firms Build Ursa Major's $2.3B SPAC Merger

By Jade Martinez-Pogue

Aerospace and defense company Ursa Major Technologies Inc. on Tuesday unveiled plans to go public by merging with special purpose acquisition company Bleichroeder Acquisition Corp. III in a deal that boasts a post-transaction equity value of roughly $2.3 billion and was built by four law firms.

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2 Firms Guide Windjammer's $350M Smart Parking Co. Sale

By Isaac Monterose

Private equity investor Windjammer Capital will sell its smart parking infrastructure company IPS Group Inc. to online commerce platform Nayax Ltd. in a $350 million all-cash, no-debt sale guided by Kirkland & Ellis LLP and Reed Smith LLP, Windjammer and Nayax announced Tuesday.

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EasyJet, Apollo Extend Deadline For £5.7B Takeover Details

By Irene Madongo

The boards of easyJet and Apollo's acquisition vehicle have agreed to push back the deadline for publishing formal details of a proposed buyout worth approximately £5.7 billion ($7.8 billion) to mid-October, the budget airline said Tuesday.

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LITIGATION

Del. Justices Say SPAC Proxy Claims Came Too Late

By Katryna Perera

The Delaware Supreme Court on Tuesday affirmed the dismissal of a special purpose acquisition company suit seeking damages tied to a $1.4 billion deal with an autonomous vehicle software provider, finding the plaintiff waited too long to sue.

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DC Circ. Won't Revive Standard General's FCC Bias Suit

By Nadia Dreid

The D.C. Circuit does not believe that the Federal Communications Commission took part in a racist conspiracy to kill Standard General hedge fund manager Soo Kim's $8.6 billion merger with broadcaster Tegna and has affirmed the dismissal of his lawsuit claiming such.

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Dolphin Co.'s Ex-CEO Opposes Sale Of JV Stake In Ch. 11

By Vince Sullivan

The ex-CEO of the bankrupt parent company of wildlife adventure business The Dolphin Co. and former board members have objected to a $2 million sale of a majority stake in a Mexican park joint venture, saying it is being proposed without testing the value of the asset through an auction.

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PEOPLE

Rising Star: Hogan Lovells' Warren Kessler

By Christopher Cole

Warren Kessler of Hogan Lovells Cadwalader guided satellite giant SES' $3.1 billion deal to buy Intelsat SA through federal regulatory approval, making him one of the telecommunications law practitioners under age 40 honored by Law360 as Rising Stars.

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Jones Day Hires Corporate Pro From Freshfields In Munich

By Dawood Fakhir

U.S. law firm Jones Day has said it expanded its corporate practice in Europe with the addition of a former Freshfields LLP mergers and acquisitions specialist in Munich, Germany.

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Ex-OCC Counsel Joins Clark Hill's Banking Practice

By Jon Hill

Clark Hill PLC has expanded its financial services regulatory roster with the addition of a longtime member of the Office of the Comptroller of the Currency's law department who advised on bank exam issues, appellate litigation and corporate applications at the national bank regulator.

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EXPERT ANALYSIS

How 'Most Favored Nation' Regime Affects Biopharma Deals

As M&A activity surges in the biopharma space, companies will need to account for the Trump administration's most-favored-nation pricing proposals — durable in concept, if unsettled in detail — when drafting deals, say attorneys at Gibson Dunn.

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What To Know As Legal Duty To Consider AI Takes Shape

While the U.K. Jurisdiction Taskforce’s recent statement on liability for artificial intelligence harms is nonbinding for both U.K. and U.S. lawyers, it highlights the importance of being able to distinguish between the availability of a tool and a professional obligation to use it, say Jonny Frank and Michael Costa at StoneTurn.

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LEGAL INDUSTRY

Firm Revenue Climbs 12.4% In First Half Of 2026

By Daniel Moritz-Rabson

Record billing rate gains, strong demand and increased productivity fueled a successful start to the year for the legal industry, according to a report released Tuesday.

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Florida AG Slams Bar Complaint Against DHS Counsel

By Madison Arnold

Florida Attorney General James Uthmeier wrote to the executive director of the Florida Bar to criticize a recent complaint made to the bar against James Percival, general counsel of the U.S. Department of Homeland Security, for attacking judges.

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Legal Watchdog Lodges Bar Complaint Against Jeanine Pirro

By Hailey Konnath

The Legal Accountability Center said Tuesday that it filed a bar complaint against U.S. Attorney Jeanine Pirro, claiming that she abused her position to unjustifiably target Democratic lawmakers after they released a video reminding members of the military and intelligence community that it's their duty to refuse unlawful orders.

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6th Circ. Says Judge Can't Escape Teen Mock Arrest Suit

By Susan Smiley

A Sixth Circuit panel on Monday allowed to proceed a Michigan federal lawsuit filed against a Detroit judge who handcuffed a 15-year-old student and subjected her to a mock trial after she fell asleep in his courtroom, ruling that judicial immunity does not protect him.

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Watchdog Wants NY Judge Ousted Over Retaliatory Suit

By Rose Krebs

The New York State Commission on Judicial Conduct has determined a state judge should be removed from office for filing a retaliatory defamation suit against an eye-care worker who had lodged an ethics complaint over the judge refusing to wear a mask in an office in 2021.

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NY Times Says EEOC Dragging Feet On Anti-White Bias Info

By Grace Elletson

The New York Times Company has sued the U.S. Equal Employment Opportunity Commission, claiming the anti-discrimination watchdog flouted federal law by failing to respond to requests for records of communications with conservative legal groups and agency efforts to investigate claims of bias against white workers.

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Colo. Judge Ships $8.3M Messner Reeves Fraud Suit To Utah

By Zach Dupont

A Colorado federal judge granted a motion Monday from law firm Messner Reeves LLP to move a lawsuit accusing the firm of stealing more than $8 million as part of a fraudulent loan scheme to Utah after finding the venue was the proper forum to litigate the claims.

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Tort Report: Mass. Jury Delivers Record Amazon Crash Verdict

By Y. Peter Kang

A record personal injury verdict against Amazon in a crash case and Aerosmith frontman Steven Tyler's upcoming sex abuse trial lead Law360's Tort Report, which compiles recent personal injury and medical malpractice news that may have flown under the radar.

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LAW FIRMS IN TODAY'S NEWS

Baker & Hostetler

Chase Law & Associates

Clark Hill

Clifford Chance

Consovoy McCarthy

DLA Piper

Davis Polk

Emery Celli

Fieger Law

Freshfields

Gibson Dunn

Gordon Rees

Grant & Eisenhofer

Hogan Lovells

Jones Day

Kirkland & Ellis

Latham & Watkins

Macfarlanes LLP

Messner Reeves

Milbank LLP

Paul Weiss

Perkins Law

Perkins Law Group PLLC

Quintairos Prieto

Reed Smith

Richards Layton

Slaughter and May

Spencer Fane

Steptoe LLP

Watson Farley

White & Case

Young Conaway

COMPANIES IN TODAY'S NEWS

3M Co.

Amazon.com Inc.

American Bar Association

Apollo Global Management LLC

Boyer Co.

CTIA

Cantor Fitzgerald LP

Castlelake LP

Federalist Society

Fort Point Capital

George Washington University

Growth Corp.

Intelsat SA

Mars Inc.

McKesson Corp.

Moelis & Co.

Nasdaq Inc.

Nayax Ltd.

PepsiCo Inc.

Precision Medicine Group LLC

Rabobank

Rhapsody International Inc.

Solventum

Standard General LP

StoneTurn Group LLP

Tegna Inc.

The Florida Bar

The New York Times Co.

Wells Fargo & Co.

YouTube Inc.

easyJet plc

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Equal Employment Opportunity Commission

Federal Communications Commission

Florida Supreme Court

Missouri Attorney General's Office

New York State Commission on Judicial Conduct

Office of the Comptroller of the Currency

U.S. Bankruptcy Court for the District of Delaware

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Seventh Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Department of Defense

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. District Court for the District of Columbia

U.S. District Court for the Eastern District of New York

U.S. District Court for the Southern District of New York

U.S. Navy

U.S. Securities and Exchange Commission

United States District Court for the District of Colorado

United States District Court for the District of Utah