Private Equity

  • May 18, 2026

    OpenAI Beats Musk Suit Over For-Profit Restructuring

    In an advisory decision Monday, a California federal jury cleared OpenAI and executives Sam Altman and Greg Brockman of allegations they breached the nonprofit's charitable trust by converting to a for-profit, handing billionaire Elon Musk a defeat in a closely watched three-week trial that threatened to shake up the artificial intelligence industry.

  • May 15, 2026

    Citron Founder Phoned Fed. Agent During FBI Raid, Jury Told

    An inspector with the U.S. Postal Service told a California federal jury considering securities fraud charges against Citron Research founder Andrew Left on Friday that even as she participated in the FBI's raid of his home, Left called her and spoke at length about the allegations against him for over an hour. 

  • May 15, 2026

    Cerebras' Mega IPO Boosts Confidence In AI Pipeline

    Artificial intelligence computing company Cerebras Systems Inc.'s blockbuster debut was well received by deals attorneys who track the pipeline for initial public offerings, with lawyers saying the upsized $5.6 billion IPO is a sign that investor confidence in the AI sector is growing. 

  • May 15, 2026

    Metal Card Maker Sued Over $5B Deal, Nevada Move From Del.

    A stockholder of the company behind premium metal credit cards has sued in Delaware Chancery Court claiming that a group of investor-directors turned the once-focused card manufacturer into a vehicle for extracting management fees and then tried to move the company to Nevada as litigation pressure mounted.

  • May 15, 2026

    How US Policy, Capital Flows Are Reshaping Defense M&A

    Defense dealmaking is showing signs of broadening in 2026, with government-backed investment and expanded participation from smaller technology-focused players accelerating transactions even as headline deal values moderate from last year's highs.

  • May 15, 2026

    4 Key Takeaways From SEC's Semiannual Reporting Proposal

    The U.S. Securities and Exchange Commission recently put forth a plan that could allow publicly traded companies to move from a quarterly to a semiannual reporting schedule, but whether they choose to do so and how that could impact both the growth of the public markets and insider-trading plans for corporate leaders remains up for debate.

  • May 15, 2026

    Proskauer Welcomes 2 New Partners To NY Office

    Proskauer Rose LLP announced this week that it has added two partners to its New York office — a restructuring attorney who joins from Davis Polk & Wardwell LLP and a private funds attorney who comes from advisory-focused investment bank PJT Partners.

  • May 15, 2026

    Turkish Fintech Exec Cops To Duping Venture Capital Backers

    A fintech executive from Turkey copped to a count of securities fraud Friday, telling a Manhattan federal judge that she lied to seed-round investors who backed her Kalder Inc. startup and agreeing to forfeit about $7 million.

  • May 15, 2026

    Taxation With Representation: Cassels, Ropes & Gray

    In this week's Taxation With Representation, Equinox Gold Corp. and Orla Mining Ltd. announce a merger to create a major gold producer, OpenAI plans to form a company to boost adoption of its software across enterprises and private equity firm Apollo acquires trade show operators Emerald Holding and Questex.

  • May 14, 2026

    'Who's Telling The Truth?' Musk-OpenAI Fight Goes To Jury

    Elon Musk's counsel urged a California federal jury during trial closings Thursday to find OpenAI breached its charitable trust aided by Microsoft Corp. and slammed OpenAI CEO Sam Altman's credibility, while OpenAI's counsel argued Musk is trying to attack his competitor and urged jurors to ask themselves, "Who's telling the truth?"

  • May 14, 2026

    Insider Trading Case Shows BigLaw Associate Vetting Gaps

    A BigLaw attorney who was able to move through three major firms while allegedly orchestrating a massive insider trading scheme may have been aided by relatively loose hiring practices for associates that firms may consider strengthening moving forward, recruiting experts told Law360.

  • May 14, 2026

    Cheerleading Co. Gets Final OK For Data Breach Settlement

    A Texas federal court on Thursday gave final approval for a $1.1 million class action settlement to resolve claims that cheerleading apparel company Varsity Brands Inc. failed to prevent and address a data breach impacting nearly 66,000 people.

  • May 14, 2026

    Ex-Investor Seeks Records On $8.9B Thermo Fisher Payout

    A former equity holder of Clario Holdings Inc., a clinical-trial technology company, has sued in the Delaware Chancery Court, seeking records she says she needs to understand how her payout was calculated after Thermo Fisher Scientific Inc.'s $8.875 billion cash acquisition of Clario.

  • May 14, 2026

    Brookfield To Acquire World Freight In $1.2B Deal

    Brookfield has agreed to acquire global air freight services provider World Freight Co. from PAI Partners and EQT's BPEA Private Equity Fund VI, the companies announced Thursday. 

  • May 14, 2026

    Brown-Forman Rejects $15B Takeover Offer, More Rumors

    Alcoholic drink maker Brown-Forman rejected rival Sazerac's $15 billion takeover offer; fintech Digital Asset is seeking a $2 billion valuation with its latest funding round; and shoemaker Skechers has upped its offer to settle an investor lawsuit.

  • May 14, 2026

    Seward & Kissel Adds Milbank Lawyer To Lead Credit Team

    A former Milbank LLP attorney has joined Seward & Kissel LLP in New York as head of the firm's structured credit practice.

  • May 13, 2026

    Former Fairstead Partner Wins Chancery Fight Over Equity

    The Delaware Chancery Court on Wednesday handed a win to former Fairstead partner William Blodgett in a fight over whether two affiliates of Fairstead, a real estate firm, could use their LLC agreements to punish him for conduct that an arbitrator found breached his employment agreement.

  • May 13, 2026

    Latham, Davis Polk Lead AI Chipmaker Cerebras' $5.6B IPO

    Artificial intelligence computing company Cerebras Systems Inc. raised roughly $5.6 billion in its blockbuster initial public offering that priced above range late on Wednesday, representing the largest IPO this year.

  • May 13, 2026

    Simpson Thacher-Led Blackstone REIT Prices $1.75B IPO

    A Blackstone real estate investment trust focused on data centers is set to begin trading May 14 after raising $1.75 billion in an initial public offering, advised by Simpson Thacher & Bartlett LLP and underwriters' counsel Paul Hastings LLP.

  • May 13, 2026

    Defense Tech Startup Anduril Raises $5B At $61B Valuation

    Military technology company Anduril, led by Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP, on Wednesday announced it reached a $61 billion valuation after raising $5 billion in its latest funding round.

  • May 13, 2026

    Latham Guides Geothermal Startup Fervo's Upsized $1.9B IPO

    Geothermal energy developer Fervo Energy hit the public markets on Wednesday after raising $1.9 billion in its upsized initial public offering.

  • May 13, 2026

    Akin Adds 4 PE Attys From Sidley, Gains New Practice Head

    Akin Gump Strauss Hauer & Feld LLP announced Wednesday that it has welcomed four private equity attorneys to its New York and London offices, with three returning to the firm, including one who will lead the private equity practice.

  • May 12, 2026

    'I Believe I'm Trustworthy,' OpenAI CEO Testifies In Musk Trial

    OpenAI Inc. CEO Sam Altman took the stand Tuesday in the California federal jury trial over Elon Musk's challenge to OpenAI's for-profit conversion, acknowledging that colleagues have accused him of being deceptive while testifying that "I believe I'm a trustworthy person."

  • May 12, 2026

    Citron Founder Didn't Believe His Own Position, Jury Told

    A cannabis company CEO testified Tuesday as the first witness in Citron Research founder Andrew Left's criminal securities fraud trial, telling a California federal jury that Left published an inaccurate short sale report on his company that quickly tanked its stock even though it appears he lacked the "conviction" of his attack.

  • May 12, 2026

    Authors Accuse OpenAI Of Arguing Differently On Each Coast

    An attorney representing authors accusing OpenAI of feeding their copyrighted works into training data for large language models told a New York federal magistrate judge Tuesday that the AI startup was asserting vastly different positions in New York and in an ongoing trial in California about whether it ever intended to become a for-profit enterprise.

Expert Analysis

  • Series

    The Biz Court Digest: How It Works In Massachusetts

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    Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.

  • Adapting To Calif.'s Enhanced Regulation Of PE In Healthcare

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    New California legislation enhances oversight on the role of private equity groups and hedge funds in healthcare transactions, featuring both a highly targeted nature and vague language that will require organizations to carefully evaluate existing practices, says Andrew Demetriou at Husch Blackwell.

  • Why Appellees Should Write Their Answering Brief First

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    Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.

  • FTC Focus: M&A Approvals A Year After Trump's Election

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    The Federal Trade Commission merger-enforcement regime a year since President Donald Trump's election shows how merger approvals have been expedited by the triaging out of more deals, grants for early termination of the Hart-Scott-Rodino waiting period, and zeroing in on preparing solutions for the biggest problems, say attorneys at Proskauer.

  • Questions To Ask Your Client When Fraud Taints Financing

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    As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.

  • Series

    Mindfulness Meditation Makes Me A Better Lawyer

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    Mindful meditation enables me to drop the ego, and in helping me to keep sight of what’s important, permits me to learn from the other side and become a reliable counselor, says Roy Wyman at Bass Berry.

  • AI Litigation Tools Can Enhance Case Assessment, Strategy

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    Civil litigators can use artificial intelligence tools to strengthen case assessment and aid in early strategy development, as long as they address the risks and ethical considerations that accompany these uses, say attorneys at Barnes & Thornburg.

  • Attys Beware: Generative AI Can Also Hallucinate Metadata

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    In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.

  • When Atty Ethics Violations Give Rise To Causes Of Action

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    Though the Model Rules of Professional Conduct make clear that a violation of the rules does not automatically create a cause of action, attorneys should beware of a few scenarios in which they could face lawsuits for ethical lapses, says Brian Faughnan at Faughnan Law.

  • A Shift To Semiannual Reporting May Reshape Litigation Risk

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    While the U.S. Securities and Exchange Commission's proposed change from quarterly to semiannual reporting may reduce the volume of formal filings, it wouldn't reduce litigation risk, instead shifting it into less predictable terrain — where informal disclosures, timing ambiguities and broader materiality debates will dominate, says Pavithra Kumar at Advanced Analytical Consulting Group.

  • TikTok Divestiture Deal Revolves Around IP Considerations

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    The divestiture deal between the U.S. and China to resolve a security dispute over TikTok's U.S. operations is seen as a diplomatic breakthrough, but its success hinges on the treatment of intellectual property and may set a precedent in the global contest over digital sovereignty and IP control, say attorneys at Brownstein Hyatt.

  • Series

    Practicing Stoicism Makes Me A Better Lawyer

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    Practicing Stoicism, by applying reason to ignore my emotions and govern my decisions, has enabled me to approach challenging situations in a structured way, ultimately providing advice singularly devoted to a client's interest, says John Baranello at Moses & Singer.

  • Series

    The Biz Court Digest: Texas, One Year In

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    A year after the Texas Business Court's first decision, it's clear that Texas didn't just copy Delaware and instead built something uniquely its own, combining specialization with constitutional accountability and creating a model that looks forward without losing touch with the state's democratic and statutory roots, says Chris Bankler at Jackson Walker.

  • Series

    Law School's Missed Lessons: Educating Your Community

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    Nearly two decades prosecuting scammers and elder fraud taught me that proactively educating the public about the risks they face and the rights they possess is essential to building trust within our communities, empowering otherwise vulnerable citizens and preventing wrongdoers from gaining a foothold, says Roger Handberg at GrayRobinson.

  • 5 Crisis Lawyering Skills For An Age Of Uncertainty

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    As attorneys increasingly face unprecedented and pervasive situations — from prosecutions of law enforcement officials to executive orders targeting law firms — they must develop several essential competencies of effective crisis lawyering, says Ray Brescia at Albany Law School.

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