Bitcoin Treasury Firm To Go Public Via $1.5B SPAC Deal

By Katryna Perera

Bitcoin investment company BSTR Holdings Inc. announced on Thursday that special purpose acquisition company Cantor Equity Partners I Inc. will provide it with up to $1.5 billion in financing in a go-public deal, guided by Ellenoff Grossman & Schole LLP and Skadden Arps Slate Meagher & Flom LLP.

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3 Crypto Bills Pass House, With Stablecoins Headed To Trump

By Aislinn Keely

The House of Representatives on Thursday agreed to send a bill to regulate stable-value tokens to the president's desk, in addition to advancing proposals to regulate crypto markets and ban the government from exploring the issuance of a digital dollar onto the Senate.

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Couche-Tard Pulls $47B Takeover Bid For 7-Eleven Parent

By Al Barbarino

Alimentation Couche-Tard has withdrawn its nearly $47 billion bid to acquire Seven & i Holdings, the Japanese parent of 7-Eleven, citing "a persistent lack of good faith engagement" from Seven & i leadership.

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Deals Rumor Mill

Google Lands $2.4B Windsurf Tech Deal, And More Rumors

By Al Barbarino

Google has agreed to pay $2.4 billion to license the technology of Windsurf, a private equity investment will value PCI Pharma Services at $10 billion, and KKR is mulling a potential buyout of Italian healthcare technology firm GPI SpA. Here, Law360 breaks down these and other deal rumors from the past week:

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The Riverside Co. Clinches Latest Fund With $750M In Tow

By Jade Martinez-Pogue

Global investment firm The Riverside Company on Thursday revealed that it wrapped its second value fund at its hard cap with $750 million of investor commitments.

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Pyrophyte's 2nd SPAC Raises $175M To Target Energy Biz

By Jade Martinez-Pogue

Special purpose acquisition company Pyrophyte Acquisition Corp. II began trading on the public markets on Thursday after raising $175 million in its initial public offering.

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PE Firm Is Denied FDA Docs For Defense In Deal Challenge

By Matthew Perlman

An Illinois federal court on Wednesday denied a request from private equity firm GTCR BC Holdings LLC to force the U.S. Food and Drug Administration to produce more than a decade's worth of medical device approval applications as the firm fights a merger challenge from enforcers.

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Biotech Collaborations Can Ease Uncertainty Amid FDA Shift

As concerns persist that the U.S. Food and Drug Administration's reduced headcount will impede developments at already-strapped biotech companies, licensing and partnership transactions can provide the necessary funding and pathways to advance innovative products, say attorneys at Troutman.

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Series

Playing Mah-Jongg Makes Me A Better Mediator

Mah-jongg rewards patience, pattern recognition, adaptability and keen observation, all skills that are invaluable to my role as a mediator, and to all mediating parties, says Marina Corodemus.

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5 Things To Know As California Courts Decide On AI Rule

By Emily Sawicki

Fourteen months after California Supreme Court Chief Justice Patricia Guerrero first convened a task force to study potential benefits and risks of using artificial intelligence in the court system, the Judicial Council of California is poised Friday to consider the proposed rules and standards the task force developed.

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Watchdog Raises Concerns On 9th Circ. Nominee's Crypto Work

By Courtney Bublé

President Donald Trump's nominee for the Ninth Circuit has a long record of representing cryptocurrency companies, which a watchdog group fears could aid what it calls the president's "self-enrichment" with digital currency.

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Dems Walk Out On Vote Of Emil Bove For 3rd Circ.

By Courtney Bublé

The Democrats on the Senate Judiciary Committee walked out of the vote on Emil Bove's Third Circuit nomination on Thursday morning after Sen. Cory Booker, D-N.J., accused committee chair Sen. Chuck Grassley, R-Iowa, of subverting committee rules by not acknowledging his request to speak and rushing through the nomination.

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US Trustee Says Constitution Bars Jackson Walker Jury Trial

By Adrian Cruz

The federal government's bankruptcy watchdog told a Texas federal judge that under the Seventh Amendment, Jackson Walker LLP isn't entitled to a jury trial in its fee dispute stemming from a former bankruptcy judge's secret relationship with a onetime partner.

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CFTC Restructures Enforcement Division Amid Layoffs

By Jessica Corso

The Commodity Futures Trading Commission plans to lay off around two dozen staff members and has restructured its enforcement division by eliminating some management positions, a person familiar with the matter told Law360 Thursday.

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Wis. Senators Send List Of Bipartisan 7th Circ. Picks To Trump

By Courtney Bublé

The senators from Wisconsin, one Republican and one Democrat, have sent President Donald Trump a list of five candidates for the seat of the Seventh Circuit that is slated to open in October.

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Israel Criticism Isn't Antisemitism, Judge Tells DOJ Lawyers

By Julie Manganis

A Massachusetts federal judge overseeing a free speech trial over deportation actions targeting pro-Palestinian students and faculty said Thursday that "criticism of the state of Israel is not antisemitism," and that even the most "vile" statements, absent threats or violence, are protected by the First Amendment.

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J&J Loses Bid To DQ Beasley Allen From Talc MDL Committee

By George Woolston

A New Jersey federal judge on Thursday denied Johnson & Johnson's bid to remove the Beasley Allen Law Firm from the plaintiffs steering committee in the multidistrict talc litigation but said that changes would be made to the committee's structure.

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Former Microsoft GC Remembered As Rule Of Law Champion

By Andrea Keckley

Former American Bar Association President William H. "Bill" Neukom, the first head lawyer for Microsoft and a longtime partner at a predecessor firm to K&L Gates LLP, has died at age 83, the bar said Wednesday.

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Wisconsin Bar Settles Atty's Legal Challenge Over DEI Efforts

By Madison Arnold

The State Bar of Wisconsin has settled a lawsuit from a lawyer challenging its diversity, equity and inclusion efforts, with the agency agreeing to apply a tweaked definition of diversity to two leadership programs.

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Fla. Law Firm Zumpano Patricios Hit With Data Breach Suit

By Sarah Martinson

Miami-headquartered national law firm Zumpano Patricios is facing a proposed class action in Florida federal court accusing the firm of failing to protect sensitive information, including dates of birth and healthcare payments, that was compromised in a May data breach.

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LA Ex-Judge Admonished For 'Discourteous,' 'Demeaning' Talk

By Hailey Konnath

California's Commission on Judicial Performance has publicly admonished a retired Los Angeles state judge for a pattern of "discourteous, undignified and impatient" behavior that also involved "demeaning" remarks toward women, findings that the judge said don't reflect "the full complexity of the circumstances."

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SEC Atty Exits After Hiding Revoked License, OIG Says

By Jessica Corso

A longstanding employee of the U.S. Securities and Exchange Commission resigned after it was discovered that they had falsely reported being in good standing with a state bar association, according to the regulator's inspector general.

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Analysis

6 Cases For Patent Attys To Watch In The Second Half Of 2025

By Dani Kass

The Federal Circuit is considering major questions about when delays in prosecuting patents become bad faith and whether the acting U.S. Patent and Trademark Office director is legally allowed to apply new rules retroactively. Here's what you need to know about these cases and others that attorneys are keeping an eye on for the rest of the year.

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