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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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Considering The Prospects Of A Robinson-Patman Act Revival
Following a flurry of activity under the Biden administration, Federal Trade Commission price-discrimination cases under the Robinson-Patman Act are at a crossroads, and state-level enforcement could become the next frontier in this area, say attorneys at Hogan Lovells.
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New Foreign Bribery Guide Can Help Int'l Cos. Identify Risks
In light of growing global coordination on anti-bribery enforcement, the International Foreign Bribery Taskforce’s recent guide to foreign bribery indicators represents a step forward in the standardization of factors for evaluating corruption risks that multinational companies should consider, say lawyers at Paul Weiss.
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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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6 Things Bankers Need To Know About AI-Powered M&A
Artificial intelligence is now ingrained in banking mergers and acquisitions, and bankers should learn the key elements of the technology's competency and limits, such as that AI-enhanced reviews do not replace compliance, despite their speed and depth, say attorneys at Spencer Fane.
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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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How New HSR Thresholds, Fees Could Affect Enforcement
While the Federal Trade Commission's new thresholds and filing fees for the Hart-Scott-Rodino Antitrust Improvements Act are not expected to materially affect the number of required HSR filings, or the percentage or focus of second requests, increased filing fees may give agencies dedicated resources to bring enforcement actions, say attorneys at Sidley.
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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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Mind The Gap: Crafting D&O Straddle Coverage For M&A
A recent Florida federal court decision highlights an often-overlooked risk for those negotiating directors and officers insurance coverage for mergers and acquisitions: the potential for so-called straddle claims, falling in the gap between tail and go-forward coverage, say attorneys at Reed Smith.
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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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FCC Satellite Co. Action Starts New Chapter For Team Telecom
The Federal Communications Commission's recent settlement with satellite company Marlink marks a modest but meaningful step forward in how the U.S. regulates foreign involvement in its telecommunications sector, proving "Team Telecom" conditions are not limited to companies with substantial foreign ownership, says attorney Sohan Dasgupta.
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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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Ruling Puts Guardrails On FTC Merger Filing Rule Expansion
A Texas federal court recently vacated the Federal Trade Commission's overhaul of the Hart-Scott-Rodino premerger notification form, in a significant setback for the antitrust agencies, say attorneys at Reed Smith.
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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.