Elon Musk announced Monday that SpaceX, represented by Gibson Dunn & Crutcher LLP, has acquired his artificial intelligence startup xAI, advised by Sullivan & Cromwell LLP, in a bid to launch space-based data centers, amid plans for an initial public offering that would value the aerospace company at more than $1 trillion.
Law360
Texas
WEDNESDAY, FEBRUARY 4, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

EchoStar-SpaceX_45384.jpg

Gibson Dunn, Sullivan & Cromwell Lead SpaceX, XAI Merger

By Lauren Berg

Elon Musk announced Monday that SpaceX, represented by Gibson Dunn & Crutcher LLP, has acquired his artificial intelligence startup xAI, advised by Sullivan & Cromwell LLP, in a bid to launch space-based data centers, amid plans for an initial public offering that would value the aerospace company at more than $1 trillion.

Read full article » | Save to favorites »

Exxon Sued For 'Rockefeller-Style' Ammonia Market Maneuver

By José Luis Martínez

Exxon Mobil Corp. was hit with antitrust claims on Monday accusing it of leveraging control over the Gulf Coast's only operating carbon dioxide pipeline to gain dominance in the blue ammonia market.

Petition attached | Read full article » | Save to favorites »

Vape Sellers Say Texas' China Liquid Ban Is Unconstitutional

By Mike Curley

A group of vape distributors and retailers is suing to block enforcement of a new Texas law prohibiting the sale of e-cigarettes using liquid from China and other "adversaries" of the U.S., saying the law is unconstitutional as only Congress can regulate trade with foreign countries.

Complaint attached | Read full article » | Save to favorites »

Mark Wahlberg-Backed F45 Training Signs Deal With Investors

By Sydney Price

Fitness franchise company F45 Training, which counts the actor Mark Wahlberg as an investor and board member, has reached a deal with investors over claims that it failed to disclose information about the sustainability of its once-rapid growth.

2 documents attached | Read full article » | Save to favorites »

Logan Paul Says CryptoZoo Buyers' Latest Complaint Fails

By Emilie Ruscoe

YouTuber Logan Paul seeks to once again shed a lawsuit accusing him of using his CryptoZoo game project to conduct a so-called rug pull, arguing that the latest version of a suit filed in Texas federal court doesn't show he can be held liable for the entity's conduct.

Motion attached | Read full article » | Save to favorites »

Law360 Seeks Members For Its 2026 Editorial Boards

Law360 is looking for avid readers of our publications to serve as members of our 2026 editorial advisory boards.

2 documents attached | Read full article » | Save to favorites »

POLICY & REGULATION

ITC Issues Rechargeable Battery Import Ban On Chinese Co.

By Adam Lidgett

The U.S. International Trade Commission has issued an order blocking a Chinese company from importing rechargeable batteries that infringe a pair of LithiumHub patents, after the foreign manufacturer was found to be in default in the case.

Decision attached | Read full article » | Save to favorites »

Advocates Urge Justices To Overturn Cannabis Gun Ban

By Sam Reisman

Cannabis consumer advocates, guns rights activists and libertarian think tanks have all filed friend-of-the-court briefs with the U.S. Supreme Court urging the justices to find that a law disarming marijuana users runs afoul of the Second Amendment.

3 documents attached | Read full article » | Save to favorites »

LITIGATION

Chancery Keeps Coinbase Insider Trading Suit Alive

By Jarek Rutz

The Delaware Chancery Court has refused to shut down a stockholder derivative suit accusing Coinbase Global Inc. insiders of reaping billions by selling shares ahead of a steep stock drop, concluding that the company's special litigation committee failed to meet Delaware's exacting independence standards.

Decision attached | Read full article » | Save to favorites »

Army Corps Contractor Says Law Firm Sent $1.3M To Hackers

By José Luis Martínez

A Houston-based law firm sent $1.3 million in settlement proceeds won by a government contractor to cyber thieves after failing to verify transmission details, according to a petition filed in Texas state court.

Complaint attached | Read full article » | Save to favorites »

Catching Up With Delaware's Chancery Court

By Jeff Montgomery

A pair of new high-dollar suits in Delaware's Court of Chancery showed last week that post-deal stock appraisal suits still have legs, despite some efforts to reduce potential from deal-price gains challenges. The week ended with Delaware's justices nipping $100 million from the attorney fees owed by Tesla CEO Elon Musk from $176.2 million to roughly $70.9 million, rejecting part of a Court of Chancery fee calculation.

Read full article » | Save to favorites »

Analysis

Wheeling & Appealing: The Latest Must-Know Appellate Action

By Jeff Overley

What happened to a GOP donor's $250,000 Swiss watch? Can cigarette warnings show jarring medical images? Will a circuit split of "far-reaching importance" for arbitration get even wider? That's a taste of the oral argument menu we'll help you digest in this preview of February's top appellate action.

Read full article » | Save to favorites »

FIFTH CIRCUIT

5th Circ. Panel Blushes At Starbucks Worker's Snapchat Notes

By Spencer Brewer

A Fifth Circuit panel pressed the National Labor Relations Board to explain why Starbucks lacks the ability to fire a union organizer who used excessively colorful language in private messages to co-workers, saying Monday the language used would "make any of us blush."

Read full article » | Save to favorites »

BANKRUPTCY

Oilfield Co. Nine Energy Hits Ch. 11 To Cut $320M In Debt

By Rick Archer

Oilfield services provider Nine Energy Services filed for Chapter 11 protection in a Texas bankruptcy court Monday with a prepackaged plan to cut $320 million of its $388 million in debt with an equity swap.

2 documents attached | Read full article » | Save to favorites »

Urgent Care Co. Carbon Health Hits Ch. 11 With $100M+ Debt

By Ben Zigterman

Carbon Health Technologies Inc., an urgent care provider based in California, filed for Chapter 11 bankruptcy relief Monday in Texas, listing more than $100 million in liabilities.

2 documents attached | Read full article » | Save to favorites »

INTELLECTUAL PROPERTY

PTAB Sinks Samsung Challenge To Ouraring Patent

By Adam Lidgett

The Patent Trial and Appeal Board has shot down Samsung Electronics Co. Ltd.'s challenge to an Ouraring Inc. smart ring patent amid an ongoing legal dispute that has spanned the board, federal district court and the U.S. International Trade Commission.

Decision attached | Read full article » | Save to favorites »

Modelo, Constellation Seek Permanent Ban On Fake Beers

By Ivan Moreno

Constellation Brands, the exclusive licensee of Modelo's beer brands in the U.S., has asked a Texas federal judge for a permanent injunction against a beer distributor accused of importing and selling counterfeit beers that use labels that copy major Mexican beer brands.

2 documents attached | Read full article » | Save to favorites »

Wireless Charger Rivals Settle Patent Suit On Eve Of Trial

By Adam Lidgett

An Israeli wireless power technology company has agreed to settle its suit alleging a Chinese electronics manufacturer infringed various power transmission patents, a move that came the day before trial was set to commence.

Read full article » | Save to favorites »

DEALS

Skadden, Gibson Dunn Steer $58B Devon, Coterra Deal

By Al Barbarino

Devon Energy and Coterra Energy said Monday they have agreed to merge in a roughly $58 billion all-stock transaction, including debt, with Skadden Arps Slate Meagher & Flom LLP advising Devon and Gibson Dunn & Crutcher LLP representing Coterra.

Read full article » | Save to favorites »

PEOPLE

Weil Launches Austin Shop With Firm's IP Co-Chair

By Lynn LaRowe

Weil Gotshal & Manges LLP announced Monday that it has planted its flag in the Lone Star State's capital city with the firm's co-head of intellectual property, technology and life science litigation practice anchoring the new Austin shop.

Read full article » | Save to favorites »

EXPERT ANALYSIS

Defense Strategy Takeaways From Recent TCPA Class Actions

Although recent Telephone Consumer Protection Act decisions do not establish any bright-line tests for defeating predominance based on an argument that class members provided consent for the calls, certain trends have emerged that should inform defense strategies at class certification, say attorneys at Womble Bond.

Read full article » | Save to favorites »

NYC Bar Opinion Warns Attys On Use Of AI Recording Tools

Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.

Read full article » | Save to favorites »

FTC Focus: Testing Joint Enforcement Over Loyalty Programs

The Federal Trade Commission's case against Syngenta can be understood both as a canary for further scrutiny over loyalty-discount practices and a signal of the durability of joint federal-state antitrust enforcement, with key takeaways for practitioners and those subject to regulatory antitrust scrutiny alike, say attorneys at Proskauer.

Complaint attached | Read full article » | Save to favorites »

5th Circ. Ruling Clarifies Tax Rules For Limited Partners

The Fifth Circuit’s Jan. 16 decision in Sirius Solutions v. Commissioner provides greater tax planning certainty by adopting a bright-line test for determining when partners in limited liability companies are exempt from self-employment tax, say attorneys at K&L Gates.

Opinion attached | Read full article » | Save to favorites »

Series

The Biz Court Digest: Dispatches From Utah's Newest Court

While a robust body of law hasn't yet developed since the Utah Business and Chancery Court's founding in October 2024, the number of cases filed there has recently picked up, and its existence illustrates Utah's desire to be top of mind for businesses across the country, says Evan Strassberg at Michael Best.

Read full article » | Save to favorites »

LEGAL INDUSTRY

Habeas Cases Flood Courts After Immigrant Detention Shift

By Jack Karp

Federal courts have been inundated with a flood of cases stemming from the Trump administration's revised approach to the detention of unauthorized immigrants, with judges routinely ruling against the government as immigration attorneys scramble to keep up.

Read full article » | Save to favorites »

Baker McKenzie Describes Client Fallout After Assault Claims

By Alison Knezevich

Several clients asked the leader of Baker McKenzie's Washington, D.C., office to stop handling work for them after he was accused of sexual assault, according to a new filing in a defamation case against the former firm associate who made the allegations.

Motion attached | Read full article » | Save to favorites »

Goldstein Knew What Was On His Returns, Accountant Claims

By Jared Foretek

The top outside accountant handling tax returns for SCOTUSblog founder Thomas Goldstein and his law firm said Tuesday that Goldstein wasn't forthcoming about his gambling records and that he firmly believed the former U.S. Supreme Court attorney knew what was in his allegedly false tax returns when they were filed.

Read full article » | Save to favorites »

Approach The Bench: Judge Yew Warns Of Deepfake Evidence

By Cara Bayles and Steven Trader

After decades on the bench of the Santa Clara County Superior Court, Judge Erica Yew began to regard the future of courtroom evidence with some trepidation, as the rapid evolution of artificial intelligence made it easier to falsify documents, photos and videos.

Read full article » | Save to favorites »

4 Attys Sanctioned Over AI Hallucinations In Legal Brief

By Elliot Weld

A Kansas federal judge has issued sanctions against a group of lawyers representing a technology company in a patent dispute and has referred one attorney for disciplinary action over case citations hallucinated by ChatGPT appearing in a legal brief.

Opinion attached | Read full article » | Save to favorites »

Pretti Killing Highlights Free Speech And Gun Rights Tension

By Marco Poggio

The killing of Alex Pretti, a 37-year-old U.S. citizen and lawful gun owner, by federal immigration enforcement agents in Minneapolis last month brought to the fore a long-standing tension between two constitutional rights that the U.S. Supreme Court has never resolved, legal experts say.

Read full article » | Save to favorites »

Floyd Prosecutor, Defense Atty To Represent Pretti's Family

By Lynn LaRowe

The relatives of a Minnesota intensive care nurse killed by ICE agents have secured legal representation from a former federal prosecutor who helped secure the conviction of an ex-police officer in the killing of George Floyd, and a criminal defense attorney coming off a high-profile murder case.

Read full article » | Save to favorites »

Feds Fight Cyberstalking Atty's Bid For Pretrial Release

By Adrian Cruz

The U.S. government has asked a Texas federal judge to reject a bid for pretrial release from a currently detained attorney charged with cyberstalking other attorneys at BigLaw firms.

Response attached | Read full article » | Save to favorites »

Queens Defenders Ex-Director Admits Embezzling Over $100K

By Pete Brush

The former longtime head of Queens Defenders copped to a count of fraud conspiracy in Brooklyn federal court Tuesday after prosecutors said she diverted over $100,000 intended for indigent residents and used the money for a lavish lifestyle.

Read full article » | Save to favorites »

Analysis

Squires And Stewart's Patent Office, By The Numbers

By Theresa Schliep

The U.S. Patent and Trademark Office has seen sweeping changes under Director John Squires and Deputy Director Coke Morgan Stewart, ranging from pro-patent owner policies at the Patent Trial and Appeal Board to employment shake-ups that have prompted departures from the agency.

Read full article » | Save to favorites »

Senate Confirms Picks For Texas, Ark. District Court Seats

By Courtney Buble

The Senate confirmed two U.S. district court judges, for Texas and Arkansas, on Tuesday.

1 document attached | Read full article » | Save to favorites »

Promo that reads 2025 Practice Groups of the Year

LAW FIRMS IN TODAY'S NEWS

Advisors LLC

Akin Gump

Avanti Law Group

Baker Botts

Baker McKenzie

Bartkowski PLLC

Bernstein Litowitz

Bracewell LLP

Buether Joe

Butler Snow LLP

Clement & Murphy

Cooley LLP

Dority & Manning

Ellzey & Associates

Fish & Richardson

Fisher Patterson

Fried Frank

Gibson Dunn

Gividen Law

Gupta Wessler

Hayes Dolce

Hicks Johnson

Hughes Hubbard

Husch Blackwell

Irell & Manella

Jackson Lewis PC

Jenner & Block

Jones Day

K&L Gates

Kane Russell

Kennyhertz Perry

Kirkland & Ellis

Kobre & Kim

Kozyak Tropin

Kuchler & Cotton

Labaton Keller

Latham & Watkins

Leach & Walker

Lewis Brisbois

Lippes Mathias

Littler Mendelson

Marshall Gerstein

Martin Disiere

Maslon LLP

Mayer Brown

McDowell Hetherington

Michael Best & Friedrich

Morgan Lewis

Munger Tolles

Napoli Shkolnik

Neel Hooper

Newland Legal

O'Melveny & Myers

Orrick Herrington

Pachulski Stang

Patton Tidwell

Paul Hastings

Prokosch Law

Proskauer Rose

Reed Smith

Romanucci & Blandin

Ross Aronstam

Schall Law

Schwegman Lundberg

Selendy Gay

Seyfarth Shaw

Skadden Arps

Smith Gambrell

Sullivan & Cromwell

Thompson Hine

Weil Gotshal

Williams & Connolly

WilmerHale

Wilson Robertson & VanDeventer

Wilson Sonsini

Womble Bond

Yetter Coleman

Young Conaway

COMPANIES IN TODAY'S NEWS

Alvarez & Marsal Holdings LLC

Amazon.com Inc.

American Bar Association

American Civil Liberties Union

American Lung Association

Andreessen Horowitz LLC

Anheuser-Busch Inbev SA/NV

Apple Inc.

Bass Pro Shops

Boyer Co.

Burke Inc.

Cabela's Inc.

Campaign for Tobacco-Free Kids

Carbon Health

Cato Institute

Charter Communications Inc.

Chevron Corp.

Citigroup Inc.

Coinbase Global Inc.

Comerica Inc.

Constellation Brands Inc.

Cornell University

Corteva Inc.

Coterra Energy Inc.

Democracy Forward Foundation

Denham Capital Management LP

Devon Energy Corp.

Duke University

Everytown for Gun Safety

Exxon Mobil Corp.

FTI Consulting Inc.

FedEx Corp.

Fifth Third Bancorp

Fort Point Capital

Gelman, Rosenberg & Freedman

Grupo Modelo SAB de CV

Humana Inc.

Intel Corp.

JPMorgan Chase & Co.

Janus Henderson Group PLC

Jefferies Financial Group Inc.

Jump Trading LLC

Liggett Group LLC

LinkedIn Corp.

Meta Platforms Inc.

Moelis & Co.

National Football Museum Inc.

National Organization for the Reform of Marijuana Laws

National Rifle Association of America

National Treasury Employees Union

New York City Bar Association

New York University

Nine Energy Service Inc.

Overstock.com Inc.

R.J. Reynolds Tobacco Co. Inc.

SVB Financial Group

Samsung Electronics Co. Ltd.

Santa Fe Natural Tobacco Co.

Second Amendment Foundation

Sirius Solutions LLLP

Snap Inc.

Space Exploration Technologies Corp.

Spotify Technology SA

Starbucks Corp.

Syngenta AG

Tesla Inc.

The City University of New York

The Goldman Sachs Group Inc.

U.S. News & World Report LP

Victory Park Capital Advisors LLC

YouTube Inc.

Zuora Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Alaska Department of Law

Bureau of Alcohol and Tobacco Tax and Trade

California Attorney General's Office

California Commission on Judicial Performance

Consumer Financial Protection Bureau

Delaware Court of Chancery

Executive Office for Immigration Review

Federal Bureau of Investigation

Federal Trade Commission

Florida Supreme Court

Food and Drug Administration

Internal Revenue Service

International Trade Commission

Minnesota Attorney General's Office

National Labor Relations Board

Patent Trial and Appeal Board

Tennessee Attorney General's Office

U.S. Army

U.S. Army Corps of Engineers

U.S. Attorney's Office for the District of Maryland

U.S. Attorney's Office for the Eastern District of New York

U.S. Attorney's Office for the Northern District of Texas

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the First Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Customs and Border Protection

U.S. Department of Agriculture

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the Central District of California

U.S. District Court for the Central District of Illinois

U.S. District Court for the District of Alaska

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

U.S. District Court for the District of Minnesota

U.S. District Court for the Eastern District of California

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

U.S. District Court for the Eastern District of Texas

U.S. District Court for the Northern District of Texas

U.S. District Court for the Western District of Arkansas

U.S. District Court for the Western District of Kentucky

U.S. District Court for the Western District of Texas

U.S. Environmental Protection Agency

U.S. Immigration and Customs Enforcement

U.S. Merit Systems Protection Board

U.S. Patent and Trademark Office

U.S. Senate

U.S. Supreme Court

U.S. Tax Court

United States District Court for the District of Kansas

United States District Court for the Northern District of West Virginia

Utah Legislature