Fed Committee Meetings Will Remain Closed, Judge Rules

By Jared Foretek

A D.C. federal judge shot down a President Donald Trump ally's bid to open up the Federal Reserve's Federal Open Market Committee meetings to the public Monday, questioning whether the suit was a stunt to gin up interest in his new "anti-DEI" investment fund.

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Space Tech Startup Firefly Launches Plans For $599M IPO

By Jade Martinez-Pogue

Private equity-backed space and defense technology company Firefly Aerospace on Monday announced terms for its initial public offering, with plans to raise approximately $599 million.

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Newly Public Crypto Platform Tron Files Plans To Raise $1B

By Aislinn Keely

Crypto platform Tron on Monday filed plans with the U.S. Securities and Exchange Commission to raise $1 billion over time, making preliminary plans for future capital raises following its public listing on Nasdaq through a reverse merger.

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Rising Star: Paul Hastings Alex Herman

By Tom Zanki

Paul Hastings LLP partner Alex Herman has guided novel financing deals around the world, including complex arrangements that benefit Latin American and Caribbean clients, plus cross-border initial public offerings, such as U.S. pork giant Smithfield Foods Inc.'s $522 million listing, earning her a spot among the capital markets attorneys under age 40 honored by Law360 as Rising Stars.

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FINRA Fines TradeStation Over Crypto Ad Violation Claims

By Aislinn Keely

The Financial Industry Regulatory Authority has fined a broker-dealer for alleged shortcomings in how it advertised its retail crypto offerings, the second such action following a sweep exam of the firm's marketing practices in the area.

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UpHealth Moves To Toss Glocal Ch. 11 Dispute

By Caroline Simson

Bankrupt medical tech company UpHealth is urging a Delaware bankruptcy judge to nix a $200 million adversary proceeding launched by Glocal Healthcare in a bitter feud over an ill-fated merger, accusing the Indian digital healthcare services platform of bad faith through a pattern of delay and obfuscation.

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Catching Up With Delaware's Chancery Court

By Katryna Perera and Jeff Montgomery

A Delaware vice chancellor last week sent several coordinated derivative suits seeking millions of dollars in damages from AT&T to trial and also chose a boutique firm to lead a potential "blockbuster" suit challenging a take-private deal of a sports and entertainment group after "heated" attacks between competing counsel.

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Judge To Weigh If FTX Prosecutors Broke Plea Promise

By Pete Brush

A Manhattan federal judge said Monday he will investigate an allegation by crypto lobbyist Michelle Bond that she was charged with campaign finance crimes despite a promise that a guilty plea by her husband, former FTX executive Ryan Salame, would leave her in the clear.

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Labaton Tapped To Lead Venture Global Investor Suit

By Emilie Ruscoe

Labaton Keller Sucharow LLP will lead a proposed class of investors in energy company Venture Global Inc. in a suit alleging the company hid production issues and cost overruns at its Louisiana natural gas liquefaction and export projects ahead of its $1.75 billion initial public offering in January.

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LuxUrban Investor Suit Over Post-IPO Business Trimmed

By Katryna Perera

A New York federal judge trimmed a shareholder class action accusing LuxUrban Hotels Inc. and two of its executives of misleading investors about the company's financial reporting and partnerships with other property owners, saying investors have not adequately alleged that the executives knew about the misstated financials.

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Rocket Cos. Investor Ends Fraud Suit After Class Cert. Denial

By Sydney Price

A pension fund that had previously attempted to lead a suit in Michigan federal court against Rocket Companies Inc. has agreed to drop all its claims in the shareholder litigation accusing the mortgage business of concealing a downturn in loan volume.

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SEC Pushes $630K Penalty Against Atty In Stock Fraud Suit

By Katryna Perera

The U.S. Securities and Exchange Commission renewed its motion Monday for a more than $630,000 civil penalty and final judgment against securities attorney Henry Sargent, after years of litigation in Massachusetts federal court alleging he orchestrated a sham merger, saying Sargent "has never recognized the wrongfulness of his conduct."

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Peloton Looks To Snuff Out Investors' Recall Suit Again

By Elaine Briseño

Peloton hopes to extinguish a second attempt by investors at finding the company and its executives at fault for the way the company handled a recall of its defective bicycle seats, telling a New York federal judge Monday that the amended complaint does not cure deficiencies that led to the lawsuit's initial dismissal.

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PE Firm Scores New Trial After Losing $1.1M Shareholder Suit

By Aaron Keller

The Connecticut Supreme Court on Monday threw out a $1.1 million verdict and ordered a new trial in a minority member's lawsuit against three other CCP Equity Partners LLC members, holding that a trial court judge misconstrued the private equity firm's operating agreement and inaccurately instructed the jury.

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Colorado Oil Co. Says It Was Cheated Out Of $4M In Profits

By Catherine Marfin

A Colorado oil and gas company claims the successors to a gas production agreement it had with BP American Production Co. underpaid its share of revenue by more than $4 million between 2019 and 2022.

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What To Know As SEC Looks To Expand Private Fund Access

As the U.S. Securities and Exchange Commission considers expanding retail access to private markets, understanding how these funds operate — and the role of financial intermediaries in guiding investors — is increasingly important, say attorneys at K&L Gates.

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New DOJ Penalty Policy Could Spell Trouble For Cos.

In light of the U.S. Department of Justice’s recently published guidance making victim relief a core condition of coordinated resolution crediting, companies facing parallel investigations must carefully calibrate their negotiation strategies to minimize the risk of duplicative penalties, say attorneys at Debevoise.

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Series

Adapting To Private Practice: From ATF Director To BigLaw

As a two-time boomerang partner, returning to BigLaw after stints as a U.S. attorney and the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, people ask me how I know when to move on, but there’s no single answer — just clearly set your priorities, says Steven Dettelbach at BakerHostetler.

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Jackson Walker Settles Judge Romance Claims For $485K

By Emma Cueto

Jackson Walker LLP has reached a $485,000 settlement with two former bankruptcy clients to resolve a dispute related to the concealed romance of a former partner and former Texas bankruptcy judge David R. Jones, according to a motion filed Friday.

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Fed. Circ. Panel Calls For Extending Newman's Suspension

By Ryan Davis

A three-judge Federal Circuit panel recommended Monday that U.S. Circuit Judge Pauline Newman remain suspended, saying her refusal to undergo medical tests by doctors chosen by the court is a "serious form of continuing misconduct" that is hindering an investigation into her health.

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New Jersey US Atty Faces Authority Challenge In Drug Case

By Carla Baranauckas

A New Jersey man facing federal drug and firearms charges is mounting what appears to be the first formal legal challenge to Alina Habba's continued role as acting U.S. attorney for the District of New Jersey, arguing that her appointment is unlawful and undermines the legitimacy of his prosecution.

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Patent Damages Explode As Practice Areas See Wild Swings

By Cara Salvatore

Damages in plaintiff-won federal patent cases have soared in the past decade while those in environmental cases and some other types of civil litigation have plummeted, a new report from Lex Machina shows.

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Qui Tam Relator's Atty Admits Fake Citations In DC FCA Suit

By Emily Sawicki

An attorney representing the estate of a Washington, D.C.-based construction company's former director in a False Claims Act suit launched against the contractor has withdrawn from the suit due to "recent failure to provide adequate representation" after his co-counsel alleged that the attorney used AI to file a brief "riddled with citation errors."

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Analysis

Merger Settlements Return As Enforcers Keep Busy

By Matthew Perlman

The first half of 2025 saw a string of settlements by the Federal Trade Commission and the U.S. Department of Justice allowing mergers to move forward, a marked shift from the prior administration.

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Texas Judge 'Perplexed' By 5th Circ. Sanction Reversal

By Spencer Brewer

A Texas federal judge said he was "perplexed" by a Fifth Circuit panel's decision to reverse his sanction order against an attorney, saying in a Monday opinion that the attorney seemingly flouted the case governing litigation conduct by opposing a bid for an extension to reply.

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Retired Judges Say DOJ Suit 'Threatens' Core Of Judicial Role

By Hailey Konnath

A group of retired federal judges on Monday threw their support behind Maryland federal judges targeted in a Trump administration lawsuit over their habeas petitions standing order, arguing that the suit "threatens the judicial role to its core" and is trying to block judges from employing "a commonplace docket-management technique."

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J&J Loses Bid To Probe Beasley Allen Talc Litigation Funding

By Jake Maher

A special master found Monday there is no reason to believe third-party funders are influencing Beasley Allen Law Firm's decisions in a massive talc litigation in New Jersey, defeating a subpoena from Johnson & Johnson digging into alleged third-party litigation funding.

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Firms Rip Ford's 'Retaliatory' RICO Suit Over Lemon Law Bills

By Dorothy Atkins

Knight Law Group LLP and other firms urged a California federal judge Friday to toss The Ford Motor Co.'s allegations they conspired to dupe clients and defraud automakers by inflating billing, arguing that the racketeering claims are "retaliatory," insufficient and time-barred, and the firms are shielded under the Noerr-Pennington doctrine.

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Biotech GC Says She Was Ousted Amid 'Systemic' Bias

By Chris Villani

A former general counsel at Massachusetts life sciences firm Repligen has filed a lawsuit in state court claiming that a pervasive culture of gender bias led to her and other women being treated differently and paid less.

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Analysis

Trump Wants Ex-Death Row Inmates In 'Supermax' ADX

By Rachel Rippetoe

Advocates argue that President Donald Trump's effort to send the inmates whom President Joe Biden saved from federal death row to the country's most restrictive federal "supermax" prison is testing the limits of the justice system.

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State Justices' Financial Disclosures 'Didn't Get Worse' In '24

By Jack Karp

Several states are making information about their Supreme Court justices' finances and potential financial conflicts somewhat more accessible, according to a new report.

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