Sealing The Deal

How Gibson Dunn Helped SpaceX Pull Off Its $75B Global IPO

By Al Barbarino

When SpaceX completed its record-breaking $75 billion initial public offering last month, the transaction was notable not only for its size — the largest IPO ever — but also for breaking new ground in how public offerings can be structured to reach retail investors around the world.

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Analysis

5 Midyear White Collar Trends To Watch

By Phillip Bantz

The practice of white collar criminal defense is fraught with uncertainty halfway into 2026 as lawyers try to navigate upheaval in the U.S. Department of Justice, the prospect of big changes in Congress and the rapidly developing use of artificial intelligence.

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Ex-In-House Counsel Accused In Hospital Takeover Scheme

By Madison Arnold

American Healthcare Systems Corp. and its founder announced Tuesday that they have filed an amended complaint in California state court against the company's former in-house counsel, alleging he orchestrated a coordinated extortion and takeover scheme to seize control over the corporation.

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PTPA Power Struggle Spurs Suit Accusing Ex-GC Of 'Coup'

By Celeste Bott

An internal leadership battle within a professional tennis player advocacy group escalated Monday, when the Professional Tennis Players Association claimed in Illinois federal court that its ex-general counsel staged a "coup" by recruiting a rogue executive committee to seize control of the organization and its antitrust suit against tennis's governing bodies.

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SEC's 2026 Agenda Eyes Exec Comp, Recordkeeping Reforms

By Jessica Corso & Aislinn Keely

The U.S. Securities and Exchange Commission has issued a new rulemaking agenda that highlights its plans to reduce executive compensation disclosure requirements at publicly traded companies and possible changes to broker-dealer recordkeeping requirements, while both it and the U.S. Commodity Futures Trading Commission are exploring new cryptocurrency rulemaking.

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Dem Sens. Probe CEOs On Trump-IRS Settlement Immunity

By Asha Glover & Sarah Jarvis

Three senior Democratic senators are investigating whether several companies with ties to President Donald Trump are benefiting from what they alleged was immunity for him, his family and his businesses in the settlement he reached with the Internal Revenue Service. 

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FTC Must Deny Musk 'Pardon' For X's Violations, Chopra Says

By Hailey Konnath

Rohit Chopra, a former member of the Federal Trade Commission and current head of a new California agency, has urged the FTC to reject X Corp.'s attempt to be released from an enforcement order stemming from data privacy violations, arguing that such a "pardon" would expose its users to further fraud and abuse.

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Exxon Seeks $324M Judgment In Dispute On Qatar Deal Tax

By Asha Glover

Exxon asked a Texas federal court to rule that it's owed a $273 million tax refund and $51 million in penalties in a dispute with the U.S. government over the tax treatment of a natural gas deal with Qatar.

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5th Circ. Presses Ericsson Insurers On Terrorism Suit Defense

By Spencer Brewer

A Fifth Circuit panel pushed insurers to explain why they should be allowed to avoid covering the defense of Ericsson Inc. against claims the company funded foreign terrorist organizations, asking Tuesday if Ericsson knew the money it gave out "was going to kill Americans."

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2nd Circ. Says Investor Can Keep Bed Bath & Beyond Profits

By Rick Archer

The Second Circuit on Tuesday found that a late investor in defunct retailer Bed Bath & Beyond can keep the profits from its sale of the company's stock, rejecting claims that a contractual cap on the investor's share ownership was a sham.

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Wrigley Heir, Cannabis Co. Beat $25M Securities Fraud Suit

By Sam Reisman

A Florida federal judge on Monday tossed a $25 million securities fraud case against William "Beau" Wrigley Jr., heir to the chewing gum fortune, and the cannabis company he used to run, finding that the allegations brought by investors fell outside the ambit of federal securities law.

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Kraken Seeks To Enforce $22M Award Over Scrapped Audit

By Katryna Perera

Cryptocurrency trading platform Kraken has asked the Delaware Chancery Court to enforce a $22 million arbitration award it won against Mazars US LLP after the auditor suddenly quit the 2022 audit it was conducting for Kraken as the digital assets company came under a federal regulatory investigation.

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Illinois Cases To Watch In 2026: Midyear Report

By Celeste Bott

Mead Johnson is set to go to trial this summer in the first case to make it to a jury in multidistrict litigation claiming baby formula caused a serious gut illness in premature infants, while the U.S. attorney's office in Chicago is facing a possible sanctions hearing over prosecutorial misconduct allegations in two Illinois cases on attorneys' radar for the rest of the year.

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Trump Depo Needed In Fla. Merger Suit, Ex-SPAC CEO Says

By David Minsky

The former CEO of a special purpose acquisition company that helped take Truth Social public urged a Florida judge Tuesday to allow President Donald Trump's deposition, arguing it's necessary to defend against a claim that he was targeted in a conspiracy to sign a merger agreement without his knowledge. 

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Fla. Hospital Says Lilly's 340B Data Requirement Is Onerous

By Yeji Jesse Lee

A Florida hospital pushed back against pharmaceutical giant Eli Lilly over the drugmaker's requirement that providers hand over drug dispensing data before federal price discounts are applied, saying the policy is overly burdensome.

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Trucking Co. 'Predictive Model' Doesn't Moot OT, 9th Circ. Told

By Craig Clough

Truck drivers denied overtime under a Fair Labor Standards Act carveout for interstate commerce urged the Ninth Circuit on Tuesday to find they're entitled to the pay, saying that they drove only within California and that their employers' "predictive model" order fulfillment system doesn't qualify their deliveries as interstate commerce.

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Kilpatrick Hires M&A Pro From Reed Smith In Silicon Valley

By Gina Kim

Kilpatrick Townsend & Stockton LLP has added a former Reed Smith LLP mergers and acquisitions star to chair its West Coast Mergers & Acquisitions Practice at its Menlo Park, California, office, where he brings deep experience handling complex mergers, cross-border acquisitions, divestitures, stock investments, consolidations and more. 

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Fox Rothschild To Open 4th Florida Office In Fort Lauderdale

By Madison Arnold

Fox Rothschild LLP plans to launch a Fort Lauderdale office, which will bring its Florida presence to four total locations.

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Polsinelli Real Estate Finance Atty Rejoins K&L Gates In SC

By Tracey Read

A Polsinelli PC shareholder who worked at K&L Gates LLP early in his career has returned to the firm as a finance partner in Charleston, South Carolina.

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Why SEC Climate Rule Rescission Wouldn't End Disclosure

If the U.S. Securities and Exchange Commission's recent proposal to rescind its 2024 climate-related disclosure rules is adopted, companies would no longer need to prepare for the rules' specific governance, emissions, attestation, financial statement and tagging requirements, but several important constraints would remain, say attorneys at Venable.

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Justices Stand On Statutory Specifics In Cisco And Landor

With its June 23 decisions in Cisco Systems Inc. v. Doe and Landor v. Louisiana Department of Corrections and Public Safety, the U.S. Supreme Court doubled down on the critical point that the statute invoked in a federal claim must authorize a private lawsuit and the remedy sought, says Patrick Judd at Phelps Dunbar.

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Have Private Suits Filled Gap Left By SEC's Crypto Pullback?

In the wake of the U.S. Securities and Exchange Commission's regulatory retreat in the crypto space, private litigants have pursued claims across different types of crypto-related activities and market participants, but whether private lawsuits have replaced SEC enforcement remains unclear, says Simona Mola at NERA.

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Quantum Readiness May Paradoxically Raise Contractor Risk

The organizations best positioned for the cryptographic system migration deadlines and other requirements under President Donald Trump’s recent quantum executive orders will be those able to inventory their cryptographic dependencies while protecting their vulnerability road map from adversaries, says Jesse Lemon at The Beckage Firm.

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'Tiger King' Funeral Clip Ruling Offers Fair Use Road Map

The Tenth Circuit's decision in Whyte Monkee v. Netflix that the streaming service's use of another party's funeral footage in the docuseries "Tiger King" constituted fair use lays out a framework for producers to apply the four statutory fair use factors to their own projects, says Frank D’Angelo at Loeb & Loeb.

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CEO Cops To Conspiracy In BigLaw Insider Trading Case

By Sydney Price

A Dubai-based CEO and trader has pled guilty in Massachusetts federal court to charges that he worked with a former BigLaw associate and others to carry out a far-reaching insider trading scheme.

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Justices To Defend Court's Budget In Rare Hill Testimony

By Courtney Bublé

U.S. Supreme Court Justices Amy Coney Barrett and Elena Kagan will testify before House and Senate committees on July 14, marking the first time in seven years that a sitting justice has gone before lawmakers.

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Ex-DOJ Employees Tell Senate To Reject Blanche Nomination

By Emily Sawicki

Hundreds of former Justice Department employees and appointees urged the Senate in a Tuesday letter to reject the nomination of acting Attorney General Todd Blanche for the permanent role, particularly noting what they called Blanche's work toward politicizing the department.

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ChatGPT Edits Weren't 'Knowing' Errors, Conn. Justices Told

By Aaron Keller

A GLG Law LLC lawyer who blamed ChatGPT for misquotes and citation errors in three filings told the Connecticut Supreme Court on Tuesday he did not violate an ethics rule requiring candor to the tribunal because his briefs, though inaccurate, contained correct assertions about the law.

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Ogletree Co-Founder Deakins, 'Beacon Of Wisdom,' Dies At 90

By Emily Johnson

A co-founder of the global labor and employment juggernaut Ogletree Deakins Nash Smoak & Stewart PC died Monday after decades of helping shape the firm's values of honesty and transparency.

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McCarter Atty's Work 'Fell Short' In $20M Deals, Judge Told

By Brian Steele

McCarter & English LLP and one of its Connecticut attorneys failed to uphold the applicable standard of care when advising insurers on $20 million worth of loan transactions that ultimately fell apart because the borrower stopped paying, an expert witness told a Connecticut state court on Tuesday.

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House Dems Push To Ban Judges From Prediction Markets

By Emily Sawicki

Ranking members of the House Judiciary Committee on Tuesday called on the federal judiciary to ban judges from taking part in prediction markets amid growing concerns that court-related wagers could undermine judicial integrity.

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