Sullivan & Cromwell Guides Sempra On $10B Subsidiary Sale

By Al Barbarino

Sempra said Tuesday it has agreed to sell a 45% stake in its infrastructure subsidiary to a consortium led by KKR and Canada's CPP Investments for $10 billion, while separately securing $7 billion of equity financing led by Blackstone to advance a major liquefied natural gas project in Texas.

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Analysis

How Attys Are Riding The Mass. Biotech 'Roller Coaster'

By Chris Villani

The first half of 2025 saw the Massachusetts biotech industry post bleak numbers, including a dip in venture capital funding and merger activity, leaving attorneys looking for creative ways to help companies with fewer public and private dollars.

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Hedge Funds Call For CFTC To End Dual Registration

By Jessica Corso

A group representing the hedge fund industry is calling on the U.S. Commodity Futures Trading Commission to drop the need for industry participants to submit to agency oversight in cases where fund managers are already registered with the U.S. Securities and Exchange Commission, calling the dual registration requirement "costly" and "inefficient."

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AI Health Benefits Platform Secures $400M In New Funding

By Jade Martinez-Pogue

Enterprise health technology company Capital Rx Inc. announced Tuesday that it has secured a $400 million investment and will subsequently rebrand as Judi Health to "better reflect its roots" as a full-service health benefits technology company.

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Climate Transition-Focused SPAC Plans For $150M IPO

By Jade Martinez-Pogue

Special purpose acquisition company Climate Transition Special Opportunities SPAC I has filed plans with U.S. regulators to raise up to $150 million in its initial public offering, with the goal of acquiring a company in the renewable energy or specialty finance space.

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RadioShack Reboot Plan Morphed Into $112M Scam, SEC Says

By Dorothy Atkins

The U.S. Securities and Exchange Commission sued three former Retail Ecommerce Ventures LLC executives in Florida federal court Tuesday, alleging they raised $112 million through fraudulent securities offerings that operated as a Ponzi-like scheme that promised bogus 25% annual returns to revitalize popular REV brands including RadioShack and Pier 1 Imports.

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Cantor Fitzgerald, Citibank Hit With Trading Patent Suits

By Adam Lidgett

Several financial services businesses, including Citibank and Secretary of Commerce Howard Lutnick's former firm Cantor Fitzgerald, have been sued in New York and Texas federal court over their alleged infringement of a trading patent.

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Calif. Bill May Shake Up Healthcare Investment Landscape

If signed by the governor, newly passed California legislation would significantly expand the Office of Health Care Affordability's oversight of private equity and hedge fund investments in healthcare companies and management services organizations, and raise several questions about companies' data confidentiality and filing burdens, say attorneys at Ropes & Gray.

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How Hyperlinks Are Changing E-Discovery Responsibilities

A recent e-discovery dispute over hyperlinked data in Hubbard v. Crow shows how courts have increasingly broadened the definition of control to account for cloud-based evidence, and why organizations must rethink preservation practices to avoid spoliation risks, says Bree Murphy at Exterro.

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Attys Must Pay $24K For AI Citations In FIFA Antitrust Case

By Lauren Berg

Counsel representing the now-shuttered Puerto Rico Soccer League in its antitrust suit against FIFA must pay more than $24,000 in attorney fees and litigation costs to the soccer federation and other defendants for filing briefs that appeared to contain errors hallucinated by artificial intelligence, a federal judge ruled Tuesday.

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NJ Justices Won't Hear Challenge To State Bar Diversity Plan

By Jake Maher

The New Jersey Supreme Court has allowed to stand an appellate decision approving a New Jersey State Bar Association system for fostering diversity in its leadership, which a state attorney accused of being a discriminatory quota system.

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Judiciary Dems Demand Feds Explain 'Border Czar' Probe

By Lauren Berg

Democratic members of the Senate Judiciary Committee announced Tuesday they are looking into the Trump administration's alleged closure of a U.S. Department of Justice bribery investigation of White House "border czar" Thomas Homan, following recent news reports that he accepted $50,000 from an undercover FBI agent.

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Watchdog Calls For DC, Md. Bar Investigations Into Carr

By Jared Foretek

A government accountability watchdog brought a complaint against Federal Communications Chair Brendan Carr to the D.C. Bar Association on Tuesday, claiming Carr violated conduct rules when he threatened to bring FCC action against ABC if it declined to discipline Jimmy Kimmel over his remarks following Charlie Kirk's murder.

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Ice Miller Corporate Atty Elected Chief Managing Partner

By Adrian Cruz

Ice Miller LLP announced Tuesday that an Indianapolis-based corporate attorney who has been with the firm for nearly two decades has been elected chief managing partner for the start of 2026.

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Westlaw Notes Uncopyrightable, AI Company Tells 3rd Circ.

By Elliot Weld

An artificial intelligence-powered legal search engine has asked the Third Circuit to reverse a district court's decision that its use of Westlaw headnotes did not constitute fair use, arguing its utilization of them "radically promoted scientific progress" and increased access to justice.

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Feds Illegally Denying Immigrant Bond Hearings, Suit Says

By Chris Villani

The Trump administration is deliberately misclassifying immigrants marked for removal proceedings in an effort to illegally skirt their right to a bond hearing, according to a proposed class action filed Tuesday in Massachusetts federal court.

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Chief Judge In Ala. To Take Semiretirement Status Next Year

By Courtney Bublé

Chief U.S. District Judge David Proctor of the Northern District of Alabama has informed the president that he will take senior status Jan. 1, 2026.

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Law Firms Sued Over La. Hurricane Claim Fee Scheme

By Ganesh Setty

Two law firms and certain attorneys engaged in a scheme to "grossly and blatantly" inflate damages estimates for hurricane-related property insurance claims in order to "collect an exorbitant fee which they would all share," a group of seven Louisiana residents told a Louisiana federal court.

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DHS Floats H-1B Rule To Prioritize Higher-Paid Workers

By Bonnie Eslinger

The Trump administration proposed a rule on Tuesday to change the H-1B lottery process to one that gives priority to higher-skilled workers at companies offering better pay, according to a Federal Register notice.

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Analysis

Tylenol MDL In Spotlight After Trump Blasts Use In Pregnancy

By Dan McKay

The Trump administration's attack on the use of acetaminophen during pregnancy drew on the work of a Harvard expert whose analysis is central to a legal clash now before a federal appeals court. The president's broadside promises to energize plaintiffs.

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NC Legislature Passes Bill To Eliminate Cashless Bail

By Elizabeth Daley

In the wake of the murder of a Ukrainian refugee on public transit allegedly by a man recently arrested and freed on a promise to appear, North Carolina's General Assembly on Tuesday passed a bill to eliminate cashless bail and make it easier to execute people in the state.

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Atty-Trustee Conflicts Doom Scaife Estate's $26M Tax Refund

By Matthew Santoni

A Strassburger McKenna Gutnick & Gefsky attorney was also acting as Mellon heir Richard Scaife's lawyer, trustee and media executive when he signed releases that kept Scaife's spending of his inheritance secret from his children, so a resulting $200 million settlement between the children and Scaife's estate was not a bona fide tax-exempt expense, a Pennsylvania appeals court ruled Tuesday.

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Full Effects Of US Tariffs 'Yet To Be Felt,' OECD Report Says

By Natalie Olivo

Economic growth in the U.S. is expected to dip in 2026 partly because of global trade tensions, the full effects of which "have yet to be felt," the Organization for Economic Cooperation and Development reported Tuesday.

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Analysis

Minnesota's Deepfake Crackdown Foreshadows Legal Clashes

By Ivan Moreno

Minnesota's law cracking down on deepfake videos aimed at influencing elections has drawn separate court challenges to stop its enforcement, including one by X Corp., offering a glimpse into the hurdles other states and Congress may face as they address the proliferation of digital replicas created with artificial intelligence.

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NC Paralegal Says Cancer Is Disability In Bias Fight With Firm

By Hayley Fowler

A paralegal in North Carolina said The Driscoll Firm PC can't duck her suit claiming she was fired a day after informing higher-ups that her ovarian cancer had come back, arguing the complaint contains sufficient allegations of her disability and the firm's wrongful discharge.

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