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May 20, 2026
A group of private equity fund managers and their companies urged a Florida federal court to dismiss a proposed class action brought by investors alleging a conspiracy to steal $150 million through a complex financial scheme, saying the complaint is disorganized and fails to allege wrongdoing.
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May 20, 2026
The high-profile trial over Elon Musk's challenge to OpenAI's for-profit conversion wrapped Monday with a quick jury verdict in favor of OpenAI and its executives, but the three-week trial drew some surprising moments for those in the courtroom who had front row seats to the fight between billionaires.
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May 20, 2026
Investment banking advisory firm Lincoln International began trading publicly Wednesday after raising $421 million in its initial public offering steered by Latham & Watkins LLP and Sullivan & Cromwell LLP.
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May 20, 2026
A Colorado fencing distributor has alleged in federal court that a private equity-backed competitor, its subsidiary and a former sales manager orchestrated a scheme to steal the distributor's trade secrets rather than pay $7 million to acquire the company.
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May 20, 2026
Elon Musk's SpaceX has officially filed plans for its blockbuster initial public offering, a long-anticipated move that could value the private space exploration giant at up to $1.75 trillion.
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May 20, 2026
Eli Lilly and Co. has agreed to acquire privately held Engage Biologics Inc., which is developing a delivery technology for genetic medicines, in a deal worth up to $202 million, Cooley LLP-advised Engage announced Wednesday.
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May 20, 2026
A Manhattan federal judge sentenced stock vendor StraightPath's three founders to around a decade each in prison Wednesday, after a jury convicted them of defrauding clients who bought $400 million of pre-initial public offering shares from their Florida private equity firm.
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May 20, 2026
Kirkland & Ellis LLP-advised media and entertainment-focused investment firm Shamrock Capital on Wednesday revealed that it had closed its fourth content acquisition fund with $813 million in total capital commitments.
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May 19, 2026
Counsel for grocery store consumers urged the Ninth Circuit on Tuesday to find they substantially prevailed in their proposed class action challenging Kroger's since-abandoned $24.6 billion bid for Albertsons and are entitled to attorney fees, arguing that the lower court wrongly concluded the case was mooted by other federal actions blocking the merger.
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May 19, 2026
PHL Variable Insurance Co. life insurance policyholders on Tuesday accused Connecticut's interim insurance commissioner of bankrolling the struggling insurer's rehabilitation by receiving millions without guaranteeing at least some payout, urging a state appeals court to reverse a trial judge's conclusion that premiums are not "debts."
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May 19, 2026
Albaron Partners, advised by McDermott Will & Schulte, on Tuesday revealed it has closed its flagship fund after securing $185 million in commitments, which will be used to invest in healthcare companies.
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May 19, 2026
InMed Pharmaceuticals Inc. on Tuesday announced plans to merge with migraine prevention drugmaker Mentari Therapeutics Inc. in an all-stock deal that is backed by a $290 million private placement and was guided by three law firms.
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May 19, 2026
The Federal Trade Commission asked the Fifth Circuit to put its appeal on hold in a case challenging the agency's effort to overhaul its premerger filing requirements, to give enforcers time to consider developing a new revision.
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May 19, 2026
A North Carolina federal judge signed off on the U.S. Department of Justice's settlement with RealPage, the latest development in a suit alleging landlords coordinated to inflate rental prices via the company's algorithmic pricing software.
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May 19, 2026
Lower middle market direct lender Stellus Capital Management LLC on Tuesday revealed that it closed its fourth credit fund with $1.5 billion in tow.
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May 19, 2026
A proposed $32 million settlement would end consolidated Delaware Chancery Court litigation challenging private equity firm Thomas H. Lee Partners LP's $2.5 billion take-private acquisition of medical equipment company Agiliti Inc., resolving claims that minority stockholders were squeezed out at an unfair price.
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May 19, 2026
Maynard Nexsen PC announced that it has added a partner to the firm's tax practice group from Nelson Mullins Riley & Scarborough LLP, adding that the Charlotte, North Carolina, hire brings expertise in transactional tax structuring and planning.
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May 18, 2026
Nikola Corp. founder Trevor Milton "has not paid a dime" of his $2.5 million share of an eight-figure settlement resolving shareholder litigation over a fraud-shadowed special purpose acquisition company merger, the bankrupt electric vehicle company's trustee claims, asking the Delaware Chancery Court to hold the billionaire in contempt.
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May 18, 2026
A healthcare company suing medical technology company Commure Inc. over alleged trade secret theft has said Kirkland & Ellis LLP should be disqualified from representing Commure because the healthcare company had tried to retain Kirkland prior to filing the suit and shared confidential information before anyone asked who the defendant was going to be.
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May 18, 2026
Ropes & Gray LLP-advised private equity giant Bain Capital has wrapped fundraising on its sixth Asia-focused fund after securing $10.5 billion in total capital.
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May 18, 2026
The U.S. Securities and Exchange Commission on Monday scrapped a decades-old enforcement policy that prohibited settling parties from denying the agency's allegations against them, saying the policy made it appear as though the SEC was trying to "shield itself from criticism."
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May 18, 2026
The Delaware Chancery Court this past week handled a broad mix of celebrity estate litigation, merger disputes, investor suits, record demands, sanctions fights and questions over corporate moves away from Delaware.
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May 18, 2026
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.
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May 15, 2026
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.
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May 15, 2026
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.