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Asset Management
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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.
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March 06, 2026
Cleary, Davis Polk Lead Diabetes Biz MiniMed's $560M IPO
Medtronic's diabetes-focused spin-off MiniMed Group began trading publicly Friday after pricing a $560 million initial public offering, well below the expected target of $742 million.
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March 05, 2026
Pfizer Gets OK For $29M SEC Payout From Insider Case
A New York federal judge on Thursday approved a request from the U.S. Securities and Exchange Commission and Pfizer to have $29 million paid out to a Pfizer subsidiary from the roughly $75.2 million distribution left over from a $602 million insider trading deal.
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March 05, 2026
Tokenized Securities Get Same Capital Treatment, Feds Say
Federal banking regulators said Thursday that the capital treatment of so-called tokenized securities is the same as their traditional counterparts, emphasizing that bank capital rules are "technology neutral" and don't change when a security is recorded on a distributed ledger.
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March 05, 2026
Ex-Wells Fargo Worker's Atty Fee Bid Denied, For Now
A federal judge rejected a request for attorney fees by a former Wells Fargo worker who won a $22 million Americans with Disabilities Act verdict, saying he will consider the motion again after the Fourth Circuit renders its decision in the bank's appeal.
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March 05, 2026
Tire Co. Can't Break Free From Ex-Worker's 401(k) Suit
An Arizona federal judge refused to dismiss a proposed class action against a tire and wheel retailer alleging mismanagement of a $1.2 billion employee 401(k) plan, holding that an ex-worker sufficiently backed up claims that an underperforming suite of target-date fund investments violated federal benefits law.
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March 05, 2026
Atty's Scheduling Error Dooms Appeal In AT&T Forfeiture Suit
An AT&T worker can't ask the Ninth Circuit to review the dismissal of his proposed class action claiming the telecommunications company misused forfeited 401(k) funds, with a California federal judge saying his attorney's busy schedule was "one of the least compelling excuses" for filing a late appeal.
Expert Analysis
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Series
Playing Piano Makes Me A Better Lawyer
Playing piano and practicing law share many parallels relating to managing complexity: Just as hearing an entire musical passage in my head allows me to reliably deliver the message, thinking about the audience's impression helps me create a legal narrative that keeps the reader engaged, says Michael Shepherd at Fish & Richardson.
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AI-Generated Doc Ruling Guides Attys On Privilege Risks
A New York federal court's ruling, in U.S. v. Heppner, that documents created by a defendant using an artificial intelligence tool were not privileged, can serve as a guide to attorneys for retaining attorney-client or work-product privilege over client documents created with AI, say attorneys at Sher Tremonte.
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The Law Firm Merger Diaries: Leadership Strategy After Day 1
For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleading, says Peter Michaud at Ballard Spahr.
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Clearing US Legal Hurdles To Biz Opportunities In Venezuela
Companies evaluating foreign investment or activity in Venezuela given the U.S. government's recently announced plans to reinvigorate its natural resources should take specific steps to minimize risks connected to interactions with restricted parties given the web of U.S. counterterrorism, anticorruption and sanctions controls, say attorneys at King & Spalding.
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Calif.'s Civility Push Shows Why Professionalism Is Vital
The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.
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Del. Dispatch: Workplace Sexual Misconduct Liability In Flux
Following the Delaware Court of Chancery's recent contradictory rulings in sexual misconduct cases involving eXp World, Credit Glory and McDonald's, it's now unclear when directors' or officers' fiduciary duties may be implicated in cases of their own or others' sexual misconduct against employees, say attorneys at Fried Frank.
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US-Ukraine Reconstruction Fund Tax Exemptions Uncertain
Tax provisions in the bilateral agreement to establish the U.S.-Ukraine Reconstruction Investment Fund, which recently announced it is accepting applications, are so broad and imprecise as to leave uncertainty regarding whether and when tax exemptions will apply to investors' income, say attorneys at Avellum and Debevoise.
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Series
Trivia Competition Makes Me A Better Lawyer
Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.
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Series
Law School's Missed Lessons: What Cross-Selling Truly Takes
Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.
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CFIUS Initiative May Smooth Way For Some Foreign Investors
A new program that will allow certain foreign investors to be prevetted and admitted to fast-track approval by the Committee on Foreign Investment in the United States will likely have tangible benefits for investors participating in competitive M&A, say attorneys at Simpson Thacher.
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Series
Judges On AI: Practical Use Cases In Chambers
U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.
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Opinion
Corporations Should Think Twice About Mandatory Arbitration
The U.S. Securities and Exchange Commission's recent acceptance of mandatory arbitration provisions in corporate charters and bylaws does not make them wise, as the current system of class actions still offers critical advantages for corporations, says Mohsen Manesh at the University of Oregon School of Law.
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A Closer Look At California Financial Regulator's 2026 Agenda
California Department of Financial Protection and Innovation Commissioner KC Mohseni in recent remarks demonstrated the regulator's growing importance amid the Consumer Financial Protection Bureau's retreat by debuting expansive goals for 2026, including finalizing rulemaking for the state's digital asset law and expanding enforcement authority around consumer complaints, says John Kimble at Hinshaw.
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Series
Trail Running Makes Me A Better Lawyer
Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.
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Navigating New Risks Amid Altered Foreign Issuer Landscape
The U.S. Securities and Exchange Commission's potential rulemaking to redefine who qualifies as a foreign private issuer will shape securities regulation and enforcement for decades, affecting not only FPIs and U.S. investors but also the U.S.' position in global capital markets, says Elisha Kobre at Sheppard.