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Corporate
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February 20, 2026
Taxation With Representation: Freshfields, Simpson Thacher
In this week's Taxation With Representation, science and technology company Danaher Corp. acquires medical technology company Masimo Corp., Covetrus merges with a unit of fellow animal health technology company Cencora, and private equity firm Leonard Green & Partners LP buys outstanding Mister Car Wash Inc. shares not already owned by LGP affiliates.
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February 20, 2026
Kennedy Wilson Investor Sues To Block $1.65B Take-Private
A Kennedy-Wilson Holdings Inc. stockholder has sued in the Delaware Chancery Court to block the company's $1.65 billion take-private deal, arguing that the transaction violates Delaware's anti-takeover statute and cannot legally proceed without a supermajority vote of disinterested investors.
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February 20, 2026
Drilling Co. Accused Of Shorting Workers On Overtime
A drilling services company stiffs employees on wages by requiring off-the-clock work, rounding their hours and miscalculating overtime, a worker alleged in a proposed collective action filed in Utah federal court.
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February 20, 2026
Trump Imposes Maximum Tariff After Supreme Court Rebuke
President Donald Trump imposed a temporary global tariff with several exemptions hours after the U.S. Supreme Court struck down tariffs imposed under the International Economic Emergency Powers Act, then announced that he would increase the duty to the 15% maximum.
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February 19, 2026
Ex-Google Engineers Took Trade Secrets To Iran, DOJ Says
Three Silicon Valley engineers exploited their employment at Google and other major tech companies in order to steal trade secrets and send the confidential information to personal devices that they then accessed in Iran, the U.S. Department of Justice said Thursday.
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February 19, 2026
5th Circ. Pauses Order Scrapping FTC Merger Filing Overhaul
The Fifth Circuit on Thursday granted the Federal Trade Commission's emergency motion to pause a Texas federal judge's ruling that threw out the agency's overhaul of premerger reporting requirements.
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February 19, 2026
'Hate' For Musk Quickly Narrows Jury Pool In Twitter Deal Trial
A California federal judge quickly narrowed a pool of 92 prospective jurors Thursday in a class action brought by former Twitter investors against Elon Musk, excusing 38 potential jurors who said they couldn't be fair and impartial as Musk's attorney lamented there are "so many people who hate him so much."
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February 19, 2026
Meta Doesn't Understand Its Own Algorithms, Ex-VP Testifies
A former vice president at Meta Platforms Inc. told a California jury Thursday in a landmark bellwether trial over claims the company's Instagram and Google LLC's YouTube harm children's mental health that he quit because he was deeply concerned about safety, and that even Meta's own experts don't understand how its algorithms work.
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February 19, 2026
Latham To Guide Seahawks Sale In Wake Of Super Bowl Win
BigLaw firm Latham & Watkins LLP and investment bank Allen & Co. have been tapped to oversee the sale of the Seattle Seahawks, the estate of late team owner Paul G. Allen said in a Wednesday announcement kicking off the process, less than two weeks after the team scored its second Super Bowl victory in franchise history.
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February 19, 2026
Texas Suit Says Sanofi Paid Kickbacks For Prescriptions
Texas Attorney General Ken Paxton sued Sanofi-Aventis US LLC in state court Thursday, accusing the pharmaceutical company of paying kickbacks to providers so they would prescribe Sanofi's drugs.
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February 19, 2026
DOJ Shifts FCA Focus From Anti-DEI To Antidiscrimination
A U.S. Department of Justice deputy assistant attorney general said on Thursday that the Trump administration is not investigating federal contractors and grant recipients for their diversity, equity and inclusion programs but for potentially engaging in discrimination.
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February 19, 2026
Xerox Whistleblower Deal Cut May Hinge On Public Disclosures
A Texas appellate court wanted to know Thursday whether a trio of whistleblowers is entitled to a $48 million cut of a Medicaid fraud settlement with Xerox, asking whether prior public disclosures of the wrongdoing helped or hurt their case.
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February 19, 2026
UBS Whistleblower To Get Full Retrial On Long-Running Case
A New York federal judge on Thursday ordered a retrial over a fired UBS worker's whistleblower retaliation lawsuit, marking the latest development in a saga that saw the Second Circuit strike down his 2017 trial win twice, before and after the case was revived by the U.S. Supreme Court.
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February 19, 2026
Judge Affirms Literal Infringement In Ravgen's $57M Jury Win
A Texas federal judge has upheld a jury's finding that genetic testing company Natera Inc. committed literal infringement of a patent held by Ravgen Inc., but said Ravgen's expert testimony wasn't enough to support the jury's finding of infringement under the doctrine of equivalents.
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February 19, 2026
NYC Pension Funds Sue AT&T Over Proxy Proposal Exclusion
Several New York City pension funds have sued AT&T over what they say is the illegal exclusion of their shareholder proposal requesting a corporate diversity report from the telecom giant's corporate ballot, following an indication that regulators would allow the exclusion.
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February 19, 2026
$14M Noncompete Fight Moves Forward In Chancery
The Delaware Chancery Court on Thursday largely refused to dismiss claims that Boingo Wireless Inc.'s former director John Basil Georges breached a five-year noncompete tied to the $14 million sale of his wireless infrastructure company, but she threw out a parallel nonsolicitation provision as unenforceably overbroad.
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February 19, 2026
Lyft Must Share Driver Records In Uber Sexual Assault Suit
Lyft Inc. must hand over sexual misconduct records it has on four men who allegedly assaulted and raped passengers while driving for Uber, a California federal judge has ruled, saying such documents could show that Uber, the defendant in multidistrict litigation, knew of the drivers' past conduct.
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February 19, 2026
Live Nation Fights Uphill To Nix FTC Suit Over Ticket Scalping
Live Nation urged a California federal judge Thursday to reconsider her tentative decision refusing to dismiss the Federal Trade Commission's allegations it turned a blind eye to scalpers, arguing that the complaint doesn't identify specific tickets that scalpers were able to obtain by evading security measures that limit purchases.
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February 19, 2026
Del. Chancery Court Saw Record Number Of Filings In 2025
Delaware's nationally important Chancery Court saw a record number of case filings in 2025 and has relied on the state's Superior Court to help ease its judges' caseload, the First State's chief justice told legislators on Thursday.
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February 19, 2026
Amazon Seller 'Expert' Sues Over Alleged Inventory Fraud
An Amazon "marketplace expert" that focuses on selling and managing the prices of branded goods on the platform sued on Wednesday 16 companies and one individual accused of supplying millions of dollars in goods that were later found to be encumbered by warehouse liens.
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February 19, 2026
McDermott Adds Transmitter Licensing Atty To Crypto Team
McDermott Will & Schulte announced Wednesday that it has added a money transmitter licensing lawyer from Ketsal PLLC to its cryptocurrency team, which the firm calls "the industry's only crypto-exclusive team whose lawyers devote 100% of their practice to digital asset matters."
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February 19, 2026
AstraZeneca Prevails In Whistleblower Suit 9th Circ. Revived
An Oregon federal judge tossed a former AstraZeneca sales manager's whistleblower claims that she was fired for accusing a colleague of promoting off-label drugs, in a case that took a trip to the Ninth Circuit and back.
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February 19, 2026
Funko To Pay $5.4M To Settle Del. Stockholder Suit
Toy company Funko Inc. and a class of its public stockholders have agreed to a $5.4 million settlement to resolve Delaware Chancery Court litigation accusing the company's private equity sponsors and top executives of exploiting its Up-C structure to siphon value from Class A shareholders.
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February 19, 2026
Willkie Adds Energy Regulatory Partner From Troutman In DC
Willkie Farr & Gallagher LLP has hired a partner from Troutman Pepper Locke LLP, who is joining the energy regulatory team to advise clients on a range of matters before the Federal Energy Regulatory Commission, an agency he used to work for.
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February 18, 2026
Bang Energy's Founder Denied Stay Of Adversary Suit
A Florida bankruptcy judge denied a bid to halt an adversary lawsuit alleging that misconduct from the founder of Bang Energy drinks left his company insolvent, saying on Wednesday that no irreparable harm was shown without a stay and that a request for a stay is overly broad.
Expert Analysis
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FTO Designations: Containing Foreign Firms' Legal Risks
Non-U.S. companies can contain legal risks related to foreign terrorist organizations by deliberately structuring operations to demonstrate that any interactions with cartel-affected environments are incidental, constrained and unrelated to advancing harm on the U.S., says David Raskin at Nardello & Co.
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Class Actions At The Circuit Courts: January Lessons
In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses five rulings from October and November, and identifies practice tips from cases involving consumer fraud, oil and gas leases, toxic torts, and wage and hour issues.
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Series
Judges On AI: How Judicial Use Informs Guardrails
U.S. Magistrate Judge Maritza Dominguez Braswell at the U.S. District Court for the District of Colorado discusses why having a sense of how generative AI tools behave, where they add value, where they introduce risk and how they are reshaping the practice of law is key for today's judges.
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What Businesses Offering AI Should Expect From The FTC
The Federal Trade Commission's move to reopen and set aside an administrative order against Rytr shows that the FTC is serious about executing on the administration's Artificial Intelligence Action Plan, and won't stand in the way of businesses offering AI products with pro-consumer, legitimate uses, say attorneys at Reed Smith.
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Crypto-Asset Strategy For Corporate Legal Leaders In 2026
As digital assets experience increased regulatory clarity, institutional adoption and technological maturity, in-house legal leaders must build strong policies this year and stay engaged with the evolving market to help their companies seize the opportunities of the digital asset era while managing the risks, say attorneys at Foley & Lardner.
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What US Cos. Must Know To Comply With Italy's AI Law
Italy's newly effective artificial intelligence law means U.S. companies operating in Italy or serving Italian customers must now meet EU AI Act obligations as well as Italy-specific requirements, including immediately enforceable criminal penalties, designated national authorities and sector-specific mandates, say attorneys at Portolano Cavallo.
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Cybersecurity Must Remain Financial Sector's Focus In 2026
In 2026, financial institutions face a wave of more prescriptive cybersecurity legal requirements demanding clearer governance, faster incident reporting, and stronger oversight of third-party and AI-driven risks, making it crucial to understand these issues before they materialize into crises, say attorneys at Sidley.
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How 2025 Recalibrated Fair Use For The AI Era
Although the Second Circuit's decision last year in Romanova v. Amilus Inc. did not involve artificial intelligence, its formulation of relevant fair use factors provides a useful guide for lower courts examining AI cases in 2026, demanding close attention from legal practitioners on both sides of these disputes, say attorneys at Cleary.
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2026 Int'l Arbitration Trends: Next Steps In Age Of AI, Crypto
Parties' use of artificial intelligence and blockchain technologies will continue in 2026, and international arbitrators will be called upon to evolve by building expertise in blockchain functionality, cryptography and decentralized finance protocols, and understanding the power and limitations of large language models, say attorneys at Cleary.
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Presidential Pardon Brokering Can Create Risks For Attys
The emergence of an apparent “pardon shopping” marketplace, in which attorneys treat presidential pardons as a market product, may invite investigative scrutiny of counsel and potential criminal charges grounded in bribery, wire fraud and other statutes, says David Klasing at The Tax Law Offices of David W. Klasing.
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Series
Adapting To Private Practice: 5 Tips From Ex-SEC Unit Chief
My move to private practice has reaffirmed my belief in the value of adaptability, collaboration and strategic thinking — qualities that are essential not only for successful client outcomes, but also for sustained professional satisfaction, says Dabney O’Riordan at Fried Frank.
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Patent Applicants Must Get Biologics Enablement Right
As artificial intelligence increasingly becomes a core driver in drug discovery, it is critical for drug companies to adapt their drafting strategies to the unique features of AI-generated inventions, and to pay particularly close attention to enablement standards, says Sanandan Malhotra at Novo Nordisk.
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2026 Int'l Arbitration Trends: Awards Against Sovereign States
The enforcement of arbitral awards against sovereign states is one of the most contentious and rapidly evolving areas in international arbitration, with three defining issues on the 2026 horizon: the scope of sovereign immunity, assignability of rights, and availability of fraud and corruption defenses, say attorneys at Cleary.
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Series
Law School's Missed Lessons: How To Start A Law Firm
Launching and sustaining a law firm requires skills most law schools don't teach, but every lawyer should understand a few core principles that can make the leap calculated rather than reckless, says Sam Katz at Athlaw.
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5 Compliance Takeaways From FINRA's Oversight Report
The priorities outlined in the Financial Industry Regulatory Authority's recently released annual oversight report focus on the organization's core mission of protecting investors, with AI being the sole new topic area, but financial firms can expect further reforms aimed at efficiency and modernization, say attorneys at Armstrong Teasdale.