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March 27, 2026
A New York federal judge on Friday tossed a proposed class action against a healthcare company alleging mismanagement of an employee 401(k) plan, concluding that ex-workers who sued lacked standing to bring some claims while the remaining allegations weren't sufficiently backed up to state a claim for violating federal benefits law.
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March 27, 2026
Clinical-stage biotechnology company Transcend Therapeutics Inc., led by Kirkland & Ellis LLP, Pillsbury Winthrop Shaw Pittman LLP and Goodwin Procter LLP, on Friday announced that it has agreed to be bought by Otsuka Pharmaceutical Co. Ltd. in a deal worth up to $1.225 billion.
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March 26, 2026
Southwest Airlines Co. retirement plan beneficiaries pleaded sufficient facts to state claims for breach of fiduciary duty and for failure to monitor in alleging that the company and its executives failed to remove an underperforming fund that lagged its benchmark, a Texas federal judge ruled this week.
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March 26, 2026
The Financial Industry Regulatory Authority has fined a San Francisco-based broker-dealer $600,000 for allegedly failing to supervise employees' use of unapproved messaging platforms, in a type of proceeding FINRA's CEO said earlier this week would indicate a "real breakdown" in oversight.
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March 26, 2026
A purported investment adviser appearing in his third adulthood fraud case received more than six years in prison on Thursday as an Illinois federal judge expressed hope that he'll "do the hard work" it will take to address the personal issues leading him to engage in such conduct.
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March 26, 2026
The U.S. Supreme Court should continue allowing the U.S. Securities and Exchange Commission to collect ill-gotten profits from fraudsters without having to identify any particular victims of said scheme, the agency told the high court in a case that could limit its disgorgement powers.
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March 26, 2026
The market is anticipating what could be one of the largest initial public offerings ever, after reports this past week indicated that Elon Musk's SpaceX is looking to imminently raise as much as $75 billion.
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March 26, 2026
Commercial space company Xona, led by Covington & Burling LLP, on Thursday announced that it closed an oversubscribed Series C funding round after securing $170 million, which will be used in part to help build the company's new Bay Area factory.
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March 26, 2026
The Second Circuit on Thursday revived a federal benefits lawsuit against Wells Fargo and Ocwen accusing the companies of mishandling home loans tied to a union pension fund's investments, overturning a lower court ruling that handed the bank and loan servicing companies a pretrial win in the proposed class action.
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March 26, 2026
Private equity investor Advent International unveiled plans Thursday to invest up to $1 billion in "next-generation" defense technology companies, a move that comes as defense technology investments ramp up.
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March 26, 2026
Defense technology company Shield AI on Thursday revealed that its valuation soared to $12.7 billion after closing a $1.5 billion Series G funding round, which will help finance the company's planned acquisition of private equity-backed defense company Aechelon Technology Inc.
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March 26, 2026
Corebridge Financial Inc. and Equitable Holdings Inc. said Thursday they have agreed to merge in an all-stock transaction that values the combined company at about $22 billion, in a deal steered by Skadden Arps Slate Meagher & Flom LLP and Paul Weiss Rifkind Wharton & Garrison LLP.
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March 25, 2026
A New York federal judge on Wednesday trimmed a proposed class action alleging USB Financial Services Inc. put customers' money in low-yielding "cash sweep" accounts in breach of their contract, tossing a single duplicative unjust enrichment claim but allowing the contract claims to proceed.
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March 25, 2026
The looming July cutoff to maintain eligibility for clean electricity investment and production tax credits is sparking a dealmaking spree as smaller developers who are unable to meet the deadline begin looking to sell projects to deeper-pocketed players who can.
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March 25, 2026
South Korea's Ministry of Justice said Wednesday it is preparing for U.S. hedge fund Elliott Associates to resubmit its claim accusing the government of interfering in an $8 billion merger between two Samsung affiliates in 2015, weeks after a London court set aside a previous award in the dispute.
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March 25, 2026
A North Carolina federal judge has thrown out a lawsuit challenging the constitutionality of the Financial Industry Regulatory Authority's in-house disciplinary process, saying the case belongs before the Fourth Circuit.
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March 25, 2026
After nearly two hours of argument in which counsel for the founding partner of a trusts and estates law firm argued that the firm should have to notice his departure to thousands of clients, a North Carolina Business Court judge seemed a bit perplexed Wednesday as to why the parties didn't resolve the client list spat with a North Carolina State Bar ethics opinion.
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March 25, 2026
Military electronics and components maker Arxis has filed plans for an initial public offering, marking the second military technology company to launch plans for a public debut this week as more aerospace and military companies seek the public markets.
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March 25, 2026
Federal regulators moved Wednesday to curb their authority to subject large asset managers, insurers and other nonbank firms to heightened, bank-like supervision, proposing guidelines that would reinstitute tougher standards for these too-big-to-fail designations.
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March 25, 2026
The Federal Trade Commission and the U.S. Department of Justice are not giving up on attempting to overhaul the "insufficient" half-century-old merger notification form after its replacement was just struck down by a Texas federal judge, with the agencies now seeking public comment as they mull "a new rulemaking process."
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March 25, 2026
Canadian cloud distributor Sherweb, led by Osler Hoskin & Harcourt LLP, on Wednesday revealed that it secured a CA$125 million ($90.5 million) minority equity investment from Investissement Québec, which will be used to help the company expand internationally, among other uses.
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March 25, 2026
Brookfield Asset Management and La Caisse have agreed to acquire all of Boralex Inc.'s outstanding shares in a deal that gives the Canadian renewable power producer an enterprise value of CA$9 billion, or about $6.5 billion, according to a deal announcement Wednesday.
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March 25, 2026
A Minnesota federal judge trimmed but refused to toss a proposed class action against Ecolab Inc. from retirees who alleged their joint-and-survivor annuity pension benefits were miscalculated, holding that two early retirees who sued lacked standing and that a fiduciary breach claim was time-barred.
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March 25, 2026
Family investment firm Pritzker Alternative Strategies LP, advised by Kirkland & Ellis LLP, on Wednesday announced that it wrapped its inaugural fund with $385 million of commitments.
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March 24, 2026
New York's financial services regulator announced Tuesday it has promoted one of its own to permanently head up its division responsible for licensing crypto firms and regulating fintech, a job formerly held by the agency's current acting Superintendent Kaitlin Asrow.