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Mergers & Acquisitions
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April 22, 2026
TMX Buying Cboe's Canada, Australia Exchanges For $300M
Cboe Global Markets Inc., advised by three law firms, said Wednesday it has agreed to sell its Canadian and Australian equities exchanges to Canada's TMX Group Ltd. for a total of $300 million.
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April 22, 2026
2 Firms Take Lead On Possible $60B SpaceX-Cursor Deal
Elon Musk's SpaceX has struck a deal with Cursor that could lead to a $60 billion acquisition of the artificial intelligence startup, as the company moves to expand its push into coding-focused AI systems.
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April 22, 2026
Willkie Helps Mutares Raise €105M For US Expansion
German private equity shop Mutares said Wednesday that it has raised €105 million ($123 million) to fuel its expansion in the U.S. through acquisitions.
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April 21, 2026
Biotech Co. Investors Clash Over 'Self-Dealing' Claim
Attorneys for a biopharmaceutical and technology company stockholder and a group of venture investors sharply disagreed Tuesday over whether a financing deal was a lifeline for a struggling company or a self-serving maneuver that enriched insiders, as they argued a motion to dismiss the derivative suit in the Delaware Chancery Court.
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April 21, 2026
Bills Sinking 'Texas Two-Step' Ch. 11 Cases Reintroduced
Members of Congress have reintroduced bipartisan legislation meant to deter so-called Texas two-step Chapter 11s, a controversial maneuver companies have used to address mass tort liabilities in bankruptcy.
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April 21, 2026
Del. Supreme Court Upholds Ruling On Truth Social Shares
The Delaware Supreme Court has affirmed a lower court ruling granting additional stock to the founding shareholder in the company that took President Donald Trump's Truth Social Media public, turning away a request from the shareholder for a second shot to prove it is owed even more shares.
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April 21, 2026
Buyer Sues PE Firm, Alleging Fraud In $26M Manufacturer Sale
A Michigan-based buyer has sued a private equity firm and two executives in Delaware's Court of Chancery, accusing them of orchestrating a yearslong scheme to inflate a manufacturing company's value and fraudulently induce a $26 million sale.
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April 21, 2026
Latham, Loeb Guide AI Battery Co.'s $250M SPAC Merger
Electra Vehicles Inc., a provider of artificial intelligence-driven battery technology that is represented by Latham & Watkins LLP, outlined Tuesday its plans to go public by merging with a special purpose acquisition company advised by Loeb & Loeb LLP, in a deal valued at more than $250 million.
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April 21, 2026
Exec For Former SI Publisher Tells Jury He's Owed Severance
A New Jersey executive who worked for the financially strapped former publisher of Sports Illustrated told a Manhattan federal jury Tuesday that he is owed potentially $2 million after his firing, but the former publisher countered that he was terminated for cause.
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April 21, 2026
3 Firms Guide $1.2B Semiconductor Equipment SPAC Deal
U.S.-based semiconductor materials company Forge Nano said Tuesday it has agreed to combine with blank check company Archimedes Tech SPAC Partners II Co. in a deal that values Forge Nano at $1.2 billion.
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April 21, 2026
Live Nation Fails In Bid For Quick Nix Of Antitrust Damages
A New York federal court has refused to rule immediately on Live Nation's bid to strike expert testimony and set aside the damages awarded to state enforcers in the antitrust case accusing the company of monopolizing the live entertainment industry.
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April 21, 2026
A&O Shearman-Led Food Biz Confirms £10B Primark Spin-Off
Associated British Foods PLC said Tuesday that it will proceed with a long-expected plan to spin off its fast-fashion chain Primark from its food businesses, creating a separate non-food company to list on the London Stock Exchange.
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April 20, 2026
Two Harbors Shareholder Sues To Stop CrossCountry Deal
A shareholder for Two Harbors Investment Corp. filed a lawsuit in Illinois federal court Friday asking a judge to block the real estate investment trust's merger with mortgage lender CrossCountry.
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April 20, 2026
WWE Execs Urge Court To Reject 'Speculative' Evidence Bid
The Delaware Chancery Court should not grant WWE shareholders' latest discovery motion, company leaders and related parties have said, arguing that investors' demand for more information about what they called deleted messages were unnecessary, unsupported and already satisfied.
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April 20, 2026
Live Nation Wants Expert, Damages Cut After Antitrust Verdict
Live Nation is asking a New York federal court to strike the testimony of a key expert witness for the states and to wipe the damages awarded by the jury based on her work, in the antitrust case accusing the company of monopolizing the live entertainment industry.
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April 20, 2026
3 Firms Steer USA Rare Earth's $2.8B Serra Verde Buy
Mining company USA Rare Earth on Monday announced plans to acquire magnetic rare earth producer Serra Verde Group in a roughly $2.8 billion cash-and-stock deal that was built by three law firms.
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April 20, 2026
Home Insurer Says Rival Used Failed Deal To Steal Business
A home insurer has told a Texas Business Court that a rival company used its confidential and trade secret information obtained during failed acquisition talks to undercut its prices and solicit top agents to move books of policies to the competitor.
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April 20, 2026
Catching Up With Delaware's Chancery Court
The Delaware Chancery Court this past week delivered another mix of procedural rulings, fiduciary duty disputes and deal litigation, highlighting both the court's gatekeeping role and its continued focus on stockholder rights and transactional fairness.
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April 20, 2026
Kirkland, Goodwin Guide Lilly's Potential $7B Kelonia Buy
Kirkland & Ellis LLP-advised pharmaceutical giant Eli Lilly & Co. on Monday announced plans to acquire clinical-stage biotechnology company Kelonia Therapeutics, led by Goodwin Procter LLP, in a deal worth up to $7 billion.
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April 20, 2026
4 Firms Guide $1.4B Honeywell, Brady Productivity Unit Deal
Honeywell said Monday that it has agreed to sell its productivity solutions and services business to Brady Corp. as the company nears the completion of a multiyear portfolio transformation, with four law firms advising.
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April 20, 2026
3 Firms Advise Blue Owl's $2.4B Tampa Healthcare REIT Buy
Blue Owl Capital agreed to pay $2.4 billion for healthcare-focused real estate investment trust Sila Realty Trust in a take-private deal announced Monday advised by Hogan Lovells, Kirkland & Ellis LLP and Dechert LLP.
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April 20, 2026
Paul Weiss, Jones Day Advise On QXO's $17B TopBuild Deal
Building products distributor QXO Inc. has agreed to purchase Florida-based TopBuild Corp. for about $17 billion, with Paul Weiss Rifkind Wharton & Garrison LLP advising QXO and Jones Day representing TopBuild.
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April 17, 2026
Nexstar-Tegna Deal Blocked Amid DirecTV, AGs' Challenge
A California federal judge on Friday issued a preliminary injunction barring, for now, the $6.2 billion merger of broadcast giants Nexstar and Tegna, ruling that state attorneys general and DirecTV are likely to prevail in proving that the deal is anticompetitive and will harm consumers as well as distributors.
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April 17, 2026
American Airlines Shuts Down United Merger Rumors
American Airlines on Friday shut down speculation of a potential combination with United Airlines, saying it's not currently engaged in any merger talks with the Chicago-based carrier.
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April 17, 2026
Polygon Says Ex-Execs Engaged In Self-Dealing
Two former executives of artificial intelligence company Predicate Labs Inc. have been hit with a suit in Delaware Chancery Court alleging that following a $400 million acquisition of the company in 2021, the executives "began a campaign of self-dealings, intentional misrepresentation, deceptive inducement and willful breach."
Expert Analysis
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2 Rulings Poke Holes In Mandatory Restitution Framework
The U.S. Supreme Court’s recent ruling in Ellingburg v. U.S., as well as the Third Circuit’s recent ruling in U.S. v. Abrams, provide criminal defense practitioners with new tools to challenge Mandatory Victims Restitution Act orders, and highlight several restitution-related issues that converged in the recent prosecution of former Frank CEO Charlie Javice, say attorneys at Lankler Siffert & Wohl.
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What A Court Doc Audit Reveals About Erroneous Filings
My audit of 1,522 court documents from last month found that over 95% contained at least one verifiable error, with fewer than 1% showing clear indicators of artificial intelligence use — highlighting above all else that lawyers may want to focus most on strengthening their review processes, says Elliott Ash at ETH Zurich.
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FTC Focus: Growing Emphasis On Competition In AI
The Federal Trade Commission's leadership has continued to highlight that competitive risks in artificial intelligence markets may arise at multiple levels simultaneously, considering not only who controls the resources necessary to build AI systems, but also how those systems function and yield outputs, say attorneys at Proskauer.
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Series
Ultramarathons Make Me A Better Lawyer
Completing a 100-mile ultramarathon was tougher, more humbling and more rewarding than I ever imagined, and the experience highlighted how long-distance running has sharpened my ability to adapt to the evolving nature of antitrust law and strengthened my resolve to handle demanding, unforeseen challenges, says Dan Oakes at Axinn.
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Key Takeaways From The 2026 ABA Antitrust Spring Meeting
Last week's American Bar Association Spring Meeting revealed an antitrust landscape defined by heightened friction and tension — between federal and state enforcers, domestic and international regimes, competing political visions, and traditional enforcement tools and novel challenges, say attorneys at Skadden.
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In First For DOJ, Action Signals New CFIUS Enforcement Era
The U.S. Department of Justice is seeking judicial enforcement of a divestment order, an unprecedented action for the agency that ushers in a new phase for the Committee on Foreign Investment in the United States, one in which judicial proceedings complement administrative oversight and presidential divestment orders may be enforced through litigation, says attorney Sohan Dasgupta.
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Getting The Most Out Of Learning And Development Programs
Excerpt from Practical Guidance
Junior associates can better develop the legal, business and interpersonal skills they need for long-term success by approaching their firms’ learning and development programs armed with five tips for getting the most out of these resources, says Lauren Hakala at Reed Smith.
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Opinion
AI Presents A Make-Or-Break Moment For Outside Counsel
The rapid adoption of artificial intelligence by corporate legal departments is forcing a long-overdue reset of the relationship between inside and outside counsel, and introducing a significant opportunity to shed frustrating inefficiencies and strengthen collaboration for firms willing to embrace the shift, says Intel Chief Legal Officer April Miller Boise.
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Defense Deals Can Trigger Extra HSR Filing With The DOD
Certain aerospace, defense and national security M&A transactions will require a concurrent Hart-Scott-Rodino Act filing to the U.S. Department of Defense, and practice tips for navigating this extra filing include early analysis of competitive implications of sector deals and planning for concurrent filings, say attorneys at White & Case.
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Series
Watching Hallmark Movies Makes Me A Better Lawyer
I realize you may be judging me for watching, and actually enjoying, Hallmark Channel movies, but the escapism and storylines actually demonstrate qualities and actions that lead to an efficient, productive and positive legal practice, says Karen Ross at Tucker Ellis.
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Assessing Potential Legal Claims From Private Credit Turmoil
Amid the downturn in the private credit markets spurred by multiple high-profile bankruptcies, a New York lawsuit stemming from the collapse of First Brands provides an important case study for investors to help minimize future losses and maximize any potential recovery in the event of a private credit default, say attorneys at Bleichmar Fonti.
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Nippon Case Illustrates Challenges Of Proving Antitrust Injury
A recent California federal court decision dismissing challenges to Nippon Steel's purchase of U.S. Steel underscores the longtime antitrust precedent that while the limitations of injury are critical for defendants sued under U.S. antitrust laws, showing that the harm is real is the key, says Cameron Regnery at Freeman Mathis.
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How Iran War Might Reshape Proxy Contests This Year
The Iran war may function as a short-term poison pill for proxy contests, not because it strengthens corporate defenses, but because it increases the risks associated with activist commitments, say attorneys at Sidley.
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What To Watch At The 2026 ABA Antitrust Spring Meeting
Attorneys at Freshfields consider the future of antitrust law and competition among developments likely to dominate discussion at the American Bar Association's Antitrust Spring Meeting this week.
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How DOJ's New Corporate Crime Policy Will Work In Practice
The upshot of the Justice Department's new corporate crimes enforcement framework is uniformity for self-reporting companies, but there is uncertainty around how it will be applied in interaction with the Southern District of New York's more lenient, yet unpredictable, financial crimes enforcement program, say attorneys at Cahill Gordon.