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Asset Management
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March 10, 2026
CVS Can't 'Relitigate' Price-Gouging Class Cert.
A Rhode Island federal judge refused to narrow the certified classes of health plans alleging CVS schemed with pharmacy benefit managers to overcharge insured health plans for generic drugs, finding that PBM Express Scripts' refusal to produce its contracts changes nothing about how the classes will be assessed.
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March 10, 2026
Ackman's Pershing Square Seeks IPO To Raise Up To $10B
Pershing Square Inc. founder and CEO Bill Ackman is looking to raise between $5 billion and $10 billion in a "combined" initial public offering by selling shares of a new closed-end investment fund alongside his hedge fund company, according to a Tuesday filing with the U.S. Securities and Exchange Commission.
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March 10, 2026
Medtronic Expands Vascular Device Line With $550M Deal
Medtronic said Tuesday it will acquire privately held Scientia Vascular for about $550 million, strengthening its portfolio of devices used to treat stroke and other neurovascular conditions.
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March 10, 2026
Kirkland-Led Truelink Capital Wraps $2B Fund Above Target
Kirkland & Ellis LLP-advised private equity shop Truelink Capital on Tuesday announced that it wrapped fundraising for its second fund above target after securing $2 billion of investor commitments.
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March 10, 2026
Genworth Unravels 401(k) Fund Suit Class Cert. At 4th Circ.
The Fourth Circuit on Tuesday reversed class certification for Genworth Financial Inc. employee 401(k) participants who alleged that their retirement savings were dragged down by underperforming BlackRock Inc. target date funds, holding that individual plan participants' investment performance was too varied for the court to sign off on their claims as a group.
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March 10, 2026
Atkins Promises End To 'Duplicative' SEC-CFTC Enforcement
The U.S. Securities and Exchange Commission is in the process of updating its protocols for coordinating enforcement efforts with the Commodity Futures Trading Commission with an eye toward ending "duplicative enforcement actions," SEC Chair Paul Atkins said Tuesday.
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March 10, 2026
Nexthop AI Hits $4.2B Valuation After $500M Funding Round
Artificial intelligence networking technology developer Nexthop AI, advised by Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP, on Tuesday announced that its valuation soared to $4.2 billion after closing its oversubscribed Series B funding round with $500 million in tow.
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March 09, 2026
Judge Won't Strike Edited Photo In Ohtani Baseball Fight
A Florida judge rejected a bid Monday by a claimant to a record-breaking home run ball by baseball star Shohei Ohtani to strike another claimant's motion because of an edited photo, ruling that editing a photo for color and clarity does not make a photo inadmissible.
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March 09, 2026
Bitcoin Classes Should Be Modified, Judge Says In Opinion
A New York federal judge narrowed the class definitions in a suit accusing Tether and Bitfinex of rigging the cryptocurrency market and costing investors hundreds of billions of dollars, after finding that there is no "clear-cut" injury for some investors.
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March 09, 2026
GoodVision AI To Go Public Through $180M SPAC Merger
Cloud computing and artificial intelligence infrastructure solutions provider GoodVision AI Inc., advised by VCL Law LLP, unveiled plans Monday to go public by merging with Graubard Miller-advised special purpose acquisition company Calisa Acquisition Corp. in a deal valued at $180 million.
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March 09, 2026
Canadian Funds Can't Block IRS Bank Summons, Court Says
Two Cayman-Canadian investment funds cannot block IRS summonses made on behalf of the Canadian government for daily trading records at a U.S. bank because they failed to show the agency didn't tick the right boxes, a New York federal court said.
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March 09, 2026
3 Firms Advise On Talkspace's $835M Planned Sale To UHS
Universal Health Services has agreed to acquire virtual mental health company Talkspace at an enterprise value of about $835 million, the hospital operator said on Monday, as it looks to expand its outpatient and telehealth behavioral health services.
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March 09, 2026
AI Startup Nscale Hits $14.6B Valuation, Backed By Nvidia
Artificial intelligence hyperscaler Nscale on Monday revealed it had reached a $14.6 billion valuation after closing a Series C funding round with $2 billion in tow, supported by Nvidia, Lenovo and others.
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March 09, 2026
Sullivan & Cromwell Advises Agilent On $950M Biocare Buy
Agilent Technologies Inc. agreed to acquire Biocare Medical, a specialist in clinical and research pathology solutions, in an all-cash transaction valued at $950 million, the company said Monday.
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March 09, 2026
Critical Minerals Biz Goes Public Via $4.7B SPAC Deal
Critical minerals company and geothermal energy developer Controlled Thermal Resources Holdings Inc., advised by Duane Morris LLP, on Monday unveiled plans to go public by merging with Greenberg Traurig LLP-advised special purpose acquisition company Plum Acquisition Corp. IV in a $4.7 billion deal.
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March 06, 2026
Calif. Judge Blasts Ex-Venture Capitalist In Axing SVB Suit
Convicted venture capitalist and self-described "Silicon Valley's party animal" Michael Rothenberg's conduct in his lawsuit against the Federal Deposit Insurance Corp., acting on behalf of the failed Silicon Valley Bank, "consisted almost entirely of ignoring or frustrating" his litigation obligations, a California federal judge ruled in throwing out the case.
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March 06, 2026
EisnerAmper Settles SEC Allegations Over Infinity Q Audit
Audit firm EisnerAmper LLP will not have to pay a fine to resolve U.S. Securities and Exchange Commission allegations tied to its 2020 audit of an Infinity Q Capital Management LLC mutual fund at the center of a criminal overvaluation case.
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March 06, 2026
FinCEN Hits Canaccord With Record $80M Broker-Dealer Fine
Canaccord Genuity Group Inc.'s broker-dealer arm Friday agreed to pay $80 million in settlements with three financial regulators for "widespread compliance failures" that allowed some securities fraud schemes to go undetected, with the broker-dealer admitting it willfully violated the Bank Secrecy Act.
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March 06, 2026
SEC Ordered To Release Info On Text Messaging Sweeps
A Florida federal judge has harshly criticized the U.S. Securities and Exchange Commission's litigation tactics as an "acute embarrassment" to the agency as he ordered it to turn over information about the penalties imposed on financial institutions whose employees discussed business information on their personal devices.
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March 06, 2026
Lost Mail Helps State Street Exit Judgment In Crypto Case
A North Carolina federal judge undid a default judgment ruling against investment management firm State Street Global Advisors, finding the investor who sued claiming he lost $650,000 trying to transfer cryptocurrency to a digital wallet named the wrong defendant, and a summons to the firm was lost.
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March 06, 2026
NC Biz Court Won't Take On Insurer's $20M Judgment Dispute
An insurer's suit seeking to collect an outstanding $20 million judgment entered against a North Carolina businessman will be heard in superior court, a state business court judge ruled, finding that the dispute did not meet the statutory requirements for designation as a mandatory complex business case.
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March 06, 2026
Texas Justices To Weigh LLC Exemption For Ch. 7 Appeal
The Texas Supreme Court on Friday agreed to help the Fifth Circuit resolve a bankruptcy case appeal by determining if a limited liability company governed by Texas law qualifies as exempt property in a bankruptcy proceeding.
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March 06, 2026
Energy Trade Group Workers Score Class Cert. In 401(k) Suit
A Virginia federal judge on Friday agreed to certify a group of participants in a 401(k) plan for employees of the National Rural Electric Cooperative Association, an electric utility trade group, on claims that their retirement savings were dragged down by excessive administrative fees.
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March 06, 2026
Treasury Regs Clarify $1,000 Payments To Trump Accounts
The U.S. Department of the Treasury and the Internal Revenue Service proposed tax guidance Friday for people considering the government's offer to make $1,000 contributions under a new type of individual retirement accounts for children known as Trump accounts.
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March 06, 2026
Baker McKenzie Guides Servier On $2.5B Oncology Deal
French pharmaceutical group Servier said Friday that it has agreed to acquire Day One for about $2.5 billion in cash, with legal guidance from Baker McKenzie.
Expert Analysis
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Opinion
Supreme Court Term Limits Would Carry Hidden Risk
While proposals for limiting the terms of U.S. Supreme Court justices are popular, a steady stream of relatively young, highly marketable ex-justices with unique knowledge and influence entering the marketplace of law and politics could create new problems, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware.
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The SEC Whistleblower Program A Year Into 2nd Trump Admin
The U.S. Securities and Exchange Commission's whistleblower program continues to operate as designed, but its internal cadence, scrutiny of claims and operational structure reflect a period of recalibration, with precision mattering more than ever, say attorneys Scott Silver and David Chase.
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Key Crypto Class Action Trends And Rulings In 2025
As the law continued to take shape in the growing area of crypto-assets, this year saw a jump in crypto class action litigation, including noteworthy decisions on motions to compel arbitration and class certification, according to Justin Donoho at Duane Morris.
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Series
Knitting Makes Me A Better Lawyer
Stretching my skills as a knitter makes me a better antitrust attorney by challenging me to recalibrate after wrong turns, not rush outcomes, and trust that I can teach myself the skills to tackle new and difficult projects — even when I don’t have a pattern to work from, says Kara Kuritz at V&E.
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Series
The Biz Court Digest: Welcome To Miami
After nearly 20 years in operation, the Miami Complex Business Litigation Division is a pioneer upon which other jurisdictions in the state have been modeled, adopting many innovations to keep its cases running more efficiently and staffing experienced judges who are accustomed to hearing business disputes, say attorneys at King & Spalding.
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Recent Proposals May Spell Supervision Overhaul For Banks
A slew of rules recently proposed by the federal banking agencies with approaching comment deadlines would rewrite supervision standards to be further tailored to banks' size and activities, while prioritizing financial risks over process, documentation and other nonfinancial risks, say attorneys at Davis Wright.
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What US Can Learn From Brazil's Securities Arbitration Model
To allay investor concerns about its recent approval of mandatory arbitration clauses in public company registration statements, the U.S. Securities and Exchange Commission should look to Brazil's securities arbitration model, which shows that clear rules and strong institutions can complement the goals of securities regulation, say arbiters at the B3 Arbitration Chamber.
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AI Evidence Rule Tweaks Encourage Judicial Guardrails
Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.
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Series
The Law Firm Merger Diaries: Getting The Message Across
Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.
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Opinion
Horizontal Stare Decisis Should Not Be Casually Discarded
Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.
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DC Circ. Decision Reaffirms SEC Authority Post-Loper Bright
The recent denial of a challenge to invalidate 2024 amendments to the U.S. Securities and Exchange Commission's tick size and fee-cap rules reinforces the D.C. Circuit's deference to SEC expertise in market structure regulation, even after Loper Bright, though implementation of the rules remains uncertain, say attorneys at Sidley.
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10 Commandments For Agentic AI Tools In The Legal Industry
Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.
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Series
Preaching Makes Me A Better Lawyer
Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.
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Why Digital Asset Treasuries Are Drawing Regulator Concerns
Financial regulators’ recent focus on potential insider trading and investor risk at hundreds of publicly traded digital asset treasuries may have been summoned by how quickly this rapidly expanding market responds to asset allocation decisions, as well as variations in risk disclosure practices across the sector, say attorneys at The Brattle Group.
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Minn. Financial Abuse Law Should Prompt Operational Review
A new Minnesota law targeting the financial exploitation of vulnerable adults with an order-for-protection mechanism will affect multiple functions across banking organizations, and in the time remaining in 2025, banks should take action to update any needed workflow and documentation protocols, say attorneys at Winthrop & Weinstine.