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Mergers & Acquisitions
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March 20, 2026
AI Is Key To M&A, Retaining Clients, Tulane Speakers Say
Artificial intelligence has rapidly become central to dealmaking, with company leadership and their lawyers facing growing pressure to understand the technology or risk losing deals and clients, attendees heard at the annual Tulane Corporate Law Institute.
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March 20, 2026
Novartis To Buy Breast Cancer Therapy For Up To $3B
Novartis AG said Friday that it will acquire a breast cancer drug from U.S. developer Synnovation Therapeutics in a deal worth up to $3 billion as it seeks to strengthen its oncology treatment pipeline.
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March 19, 2026
Depo Stay Kept As Trump Media Settles Merger Docs Dispute
A Florida state judge on Thursday kept a roughly one-month pause on the deposition of certain individuals in Trump Media's lawsuit alleging an investor botched the platform's initial public offering, allowing an arbitrator to resolve a dispute over who controls documents related to the merger with a special purpose acquisition company.
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March 19, 2026
FTC Head Touts Consumer Protection's 'Relative Simplicity'
Federal Trade Commission Chairman Andrew Ferguson on Thursday promised to keep increasing the agency's focus on consumer protection, asserting in Washington, D.C., remarks that while antitrust enforcement remains a priority, consumer protection cases can come with faster and more meaningful relief for Americans.
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March 19, 2026
DOJ Antitrust Head Tells Staff: Don't Worry About Criticism
The acting head of the U.S. Department of Justice Antitrust Division said Thursday that he pays no heed to criticism of the agency and tells staff to do the same, while asserting in Washington, D.C., remarks that there's no better time to come work for the DOJ.
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March 19, 2026
Judge Quashes Subpoena Of 5 Firms That Repped Twitter
A Delaware federal court ruled Thursday that six former Twitter employees cannot subpoena five law firms that represented the social media company in connection with its acquisition by Elon Musk, rejecting the employees' "conclusory allegations" that the company and Musk used the firms to make false promises of severance benefits.
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March 19, 2026
FTC Official Says 'Reverse Acquihires' Come With 'Risk'
A senior Federal Trade Commission antitrust staffer said Thursday that nothing about "reverse acquihires" should let companies think they can skirt merger scrutiny, arguing in Washington, D.C., remarks that the deals clearly amount to the acquisition of assets covered under U.S. antitrust law.
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March 19, 2026
Goodwin, S&C Steer Up To $785M Sale Of ADHD Drug
Goodwin Procter LLP-advised Collegium Pharmaceutical Inc. unveiled plans Thursday to acquire attention deficit hyperactivity disorder drug Azstarys from Sullivan & Cromwell LLP-led Corium Therapeutics Holdings LLC for up to $785 million.
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March 19, 2026
Sports Flooring Distributors Lose Bid To Reinstate Contracts
A Utah federal judge has denied a group of sports flooring distributors their request to reinstate and maintain their contracts, saying the plaintiffs likely failed to follow their contracts with the defendant manufacturer, undercutting allegations that their distribution agreements were unlawfully terminated.
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March 19, 2026
Musk Cases, Atty Fees Draw Spotlight At Tulane Conference
Two high-profile Delaware Supreme Court decisions involving Elon Musk's Tesla, the "supersize" attorney fee bids in those cases and others, and artificial intelligence's impact on the legal industry were among the hot topics Thursday as Tulane University Law School kicked off its annual Corporate Law Institute.
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March 19, 2026
Tulane Panel Flags Growing Political Influence On Dealmaking
At the annual Tulane Corporate Law Institute on Thursday, panelists warned that politics is increasingly shaping dealmaking and complicating how transactions are negotiated and executed, with one likening the discussion to a "hostage" situation.
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March 19, 2026
Two Harbors REIT Fields Buyout Offer To Rival UWM Bid
Two Harbors Investment Corp., a real estate investment trust focused on mortgage servicing rights, said Thursday it received a new acquisition proposal from an unnamed bidder, after reaching a deal in December to be bought by mortgage lender UWM Holdings Corp. for $1.3 billion.
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March 19, 2026
Live Nation CEO Says He Can't Recall 'Market Power' Remark
Live Nation's longtime CEO sparred Thursday with states that say the $36 billion entertainment giant engages in monopolization, telling a Manhattan federal jury the business is a "better mousetrap" than rivals and saying he couldn't recall telling investors the company has "incredible market power."
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March 19, 2026
Prologis, GIC Ink $1.6B Build-To-Suit Logistics JV
Logistics real estate leader Prologis and investor GIC announced that they have formed a $1.6 billion joint venture to develop and own build-to-suit logistics facilities across major U.S. markets.
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March 19, 2026
3M, Bain Buying Madison Fire & Rescue For $1.95B
Worker safety and consumer goods conglomerate 3M, advised by King & Spalding LLP, and private equity giant Bain Capital, led by Kirkland & Ellis LLP, on Thursday announced that they have agreed to acquire Paul Hastings LLP-advised Madison Fire & Rescue from Madison Industries in a $1.95 billion deal.
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March 19, 2026
PE Behemoths Eye $10B OpenAI JV, Plus More Rumors
Private equity firms, including TPG and Bain Capital, are considering forming a $10 billion joint venture with OpenAI, Finnish lift maker Kone Oyj is mulling an acquisition of its rival TK Elevator, and Australian investment firm Macquarie has backed out of a bidding war for a stake in Kuwait's oil pipeline network due to the conflict in the Middle East.
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March 19, 2026
States Sue To Block $6.2B Tegna Acquisition Despite Feds' OK
A coalition of state enforcers on Thursday sued to block Nexstar Media Group Inc.'s planned $6.2 billion purchase of rival broadcast company Tegna Inc., alleging the move would create a "broadcast behemoth" with the ability to raise television prices for consumers and control content.
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March 18, 2026
Capital One Beats Consumer Suit Over Discover Deal, Again
Capital One has persuaded a California federal judge once again to squash a suit brought by credit card users who say that the company's $35 billion purchase of Discover is bad news for them and ought to be unwound, but the court is giving the consumers one last chance.
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March 18, 2026
Dorsey & Whitney Hires Seattle Perkins Coie IP, Tech Attorney
Dorsey & Whitney LLP added Cyrus Ansari as a partner in its technology commerce group, the firm announced Tuesday, touting the attorney's experience in technology transactions and intellectual property litigation.
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March 18, 2026
Zillow Preview Appeases Compass Enough To Drop Ban Suit
Compass dropped its New York federal court antitrust lawsuit against Zillow on Wednesday, satisfied that a new "preview" feature for pre-market home listings was enough of a departure from a contested rule that banned listings from appearing on Zillow if they had been marketed elsewhere for more than a day.
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March 18, 2026
Nippon Permanently Ducks Consumers' US Steel Merger Suit
A California federal judge has given Nippon Steel a permanent reprieve from consumers challenging its now-completed purchase of U.S. Steel Corp., concluding the lawsuit still hasn't made the connection from the merger's potential impacts on steel to the prices consumers spend buying steel-containing products and riding in steel-containing vehicles.
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March 18, 2026
Elliott Discloses 'Significant' Stake In Japanese Shipper Mitsui
Activist hedge fund Elliott Investment Management LP has disclosed that funds it advises have built a "significant" investment in Japanese shipping company Mitsui O.S.K. Lines Ltd.
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March 18, 2026
Biotech Investor Blames Pierce Atwood For Messy Asset Sale
A Ukrainian billionaire who was recently ordered to pay other investors in a failed genetic testing company more than $1.8 million in damages is blaming the Pierce Atwood LLP lawyers who advised him on what a court later found to be a "fundamentally unfair" forced asset sale.
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March 18, 2026
KKR Plugs $310M Into Partnership With Indian E-Bus Biz
Private equity giant KKR on Wednesday unveiled a strategic partnership with Indian electric commercial vehicle maker PMI Electro Mobility Solutions Private Ltd. and Allfleet in which KKR will plug up to $310 million to help grow Allfleet's electric bus platform and advance PMI Electro's manufacturing capabilities.
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March 18, 2026
CyberLink Targets Former Unit Perfect Corp. In $198.6M Bid
Beauty and fashion-focused artificial intelligence company Perfect Corp. said Wednesday it is weighing a roughly $198.6 million take-private offer backed by its CEO and CyberLink International Technology Corp.
Expert Analysis
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AI Litigation Tools Can Enhance Case Assessment, Strategy
Civil litigators can use artificial intelligence tools to strengthen case assessment and aid in early strategy development, as long as they address the risks and ethical considerations that accompany these uses, say attorneys at Barnes & Thornburg.
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Attys Beware: Generative AI Can Also Hallucinate Metadata
In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.
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DOJ's UnitedHealth Settlement Highlights New Remedies Tack
The use of divestitures and Hart-Scott-Rodino Act compliance in the recent U.S. Department of Justice settlement with UnitedHealth Group and Amedisys underscores the DOJ Antitrust Division's willingness to utilize merger remedies under the second Trump administration, say attorneys at Buchanan Ingersoll.
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When Atty Ethics Violations Give Rise To Causes Of Action
Though the Model Rules of Professional Conduct make clear that a violation of the rules does not automatically create a cause of action, attorneys should beware of a few scenarios in which they could face lawsuits for ethical lapses, says Brian Faughnan at Faughnan Law.
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A Shift To Semiannual Reporting May Reshape Litigation Risk
While the U.S. Securities and Exchange Commission's proposed change from quarterly to semiannual reporting may reduce the volume of formal filings, it wouldn't reduce litigation risk, instead shifting it into less predictable terrain — where informal disclosures, timing ambiguities and broader materiality debates will dominate, says Pavithra Kumar at Advanced Analytical Consulting Group.
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TikTok Divestiture Deal Revolves Around IP Considerations
The divestiture deal between the U.S. and China to resolve a security dispute over TikTok's U.S. operations is seen as a diplomatic breakthrough, but its success hinges on the treatment of intellectual property and may set a precedent in the global contest over digital sovereignty and IP control, say attorneys at Brownstein Hyatt.
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CFIUS Trends May Shift Under 'America First' Policy
The arrival of the Committee on Foreign Investment in the United States' latest annual report suggests that the Trump administration's "America First" policy will have a measurable effect on foreign investment, including improved trendlines for investments from allied sources and increasingly negative trendlines for those from foreign adversary sources, say attorneys at Debevoise.
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Lessons From Del. Chancery Court's New Activision Decision
The Delaware Court of Chancery's recent decision in AP-Fonden v. Activision Blizzard, declining to dismiss certain fiduciary duty claims at the pleading stage, offers takeaways for boards considering a sale, including the importance of playing an active role in the merger process and documenting key board materials, say attorneys at Cleary.
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Series
Practicing Stoicism Makes Me A Better Lawyer
Practicing Stoicism, by applying reason to ignore my emotions and govern my decisions, has enabled me to approach challenging situations in a structured way, ultimately providing advice singularly devoted to a client's interest, says John Baranello at Moses & Singer.
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Series
The Biz Court Digest: Texas, One Year In
A year after the Texas Business Court's first decision, it's clear that Texas didn't just copy Delaware and instead built something uniquely its own, combining specialization with constitutional accountability and creating a model that looks forward without losing touch with the state's democratic and statutory roots, says Chris Bankler at Jackson Walker.
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Series
Law School's Missed Lessons: Educating Your Community
Nearly two decades prosecuting scammers and elder fraud taught me that proactively educating the public about the risks they face and the rights they possess is essential to building trust within our communities, empowering otherwise vulnerable citizens and preventing wrongdoers from gaining a foothold, says Roger Handberg at GrayRobinson.
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5 Crisis Lawyering Skills For An Age Of Uncertainty
As attorneys increasingly face unprecedented and pervasive situations — from prosecutions of law enforcement officials to executive orders targeting law firms — they must develop several essential competencies of effective crisis lawyering, says Ray Brescia at Albany Law School.
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Anticipating FTC's Shift On Unfair Competition Enforcement
As the Federal Trade Commission signals that it will continue to challenge unfair or deceptive acts and practices under Section 5 of the FTC Act, but with higher evidentiary standards, attorneys counseling healthcare, technology, energy or pharmaceuticals clients should note several practice tips, says Thomas Stratmann at George Mason University.
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Del. Dispatch: Chancery Expands On Caremark Red Flags
The Delaware Court of Chancery’s recent Brewer v. Turner decision, allowing a shareholder derivative suit against the board of Regions Bank to proceed, takes a more expansive view as to what constitutes red flags, bad faith and corporate trauma in Caremark claims, say attorneys at Fried Frank.
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Opinion
It's Time For The Judiciary To Fix Its Cybersecurity Problem
After recent reports that hackers have once again infiltrated federal courts’ electronic case management systems, the judiciary should strengthen its cybersecurity practices in line with executive branch standards, outlining clear roles and responsibilities for execution, says Ilona Cohen at HackerOne.