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Mergers & Acquisitions
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March 11, 2026
Del. High Court Upholds Pioneer Win In $60B Exxon Deal Fight
The Delaware Supreme Court on Wednesday affirmed a lower court ruling denying a union pension fund's request for additional internal communications related to the roughly $60 billion merger between Pioneer Natural Resources Co. and ExxonMobil Corp., concluding that the Delaware Chancery Court correctly rejected the stockholder's bid to obtain more emails and text messages from the company's former chief executive.
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March 11, 2026
Fed's Bowman Eyes 'Fine-Tuning' Of Bank Merger Reviews
Federal Reserve Vice Chair for Supervision Michelle Bowman said Wednesday that federal regulators are taking a look at the competition metrics used to evaluate bank mergers, signaling potential changes to the thresholds that guide when deals raise antitrust concerns.
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March 11, 2026
Skadden, Wachtell Lipton Advise As Janus Rejects Victory Bid
Janus Henderson Group PLC on Wednesday said its board rejected a competing buyout bid from Victory Capital Holdings as it continues to recommend its pending $7.4 billion acquisition by Trian Partners and General Catalyst.
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March 11, 2026
NC AG Backs Merger Of Duke Energy's Two Carolina Utilities
The North Carolina Attorney General's Office has reached an agreement with Duke Energy over the proposed combination of its two subsidiary electric utilities serving the Carolinas, joining a growing list of other corporations and consumer advocacy groups that have also backed the merger.
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March 11, 2026
5 Firms Lead $525M Sale Of Frontera's Energy Assets
Canadian oil and natural gas company Frontera Energy Corp. has agreed to sell its Frontera Petroleum International Holdings B.V. to Colombia-focused oil and gas producer Parex Resources Inc. for an equity consideration of up to $525 million in a deal built by five law firms, a move that comes just months after the company agreed to sell the assets to independent energy company GeoPark Ltd.
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March 11, 2026
Arnold & Porter Corporate Atty Rejoins Reed Smith In Miami
A former Arnold & Porter Kaye Scholer LLP partner has returned to Reed Smith LLP in its Miami office, strengthening the firm's global corporate group with experience assisting clients in India.
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March 11, 2026
Spirit Air Gets OK For $533M Baseline Bid In April Jet Auction
A New York bankruptcy judge on Wednesday gave bankrupt air carrier Spirit Airlines permission to put 20 of the 48 aircraft it owns on the auction block next month with a baseline bid set at more than half a billion dollars.
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March 11, 2026
Ara Energy Buying US, European Fuel Assets For $875M
Ara Energy, a newly formed energy unit of global private markets firm Ara Partners, said Wednesday it has agreed to buy a portfolio of U.S. power and biofuels assets and a stake in a European fuel retail network in a deal valued at about $875 million.
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March 11, 2026
Davis Polk, Paul Hastings Steer $5.5B Cintas, UniFirst Merger
Uniform maker Cintas Corp., advised by Davis Polk & Wardwell LLP, announced plans on Wednesday to acquire Paul Hastings LLP-led workwear company UniFirst Corp. in a cash and stock deal that boasts an enterprise value of roughly $5.5 billion, a move that comes just months after Cintas lobbed an unsolicited takeover offer at its competitor.
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March 11, 2026
Torys, Chun Steer Energy Explorer Eco's $52M Buy Of Rival
Energy company Eco said Wednesday it has agreed to acquire the remaining shares of privately held JHI Associates Inc. to expand its exploration portfolio and establish a partnership with Navitas Petroleum LP in the North Falkland Basin.
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March 10, 2026
Alex Spiro Says Twitter Atty 'Misremembering' Offer To Settle
Elon Musk attorney Alex Spiro testified before a California federal jury Tuesday that a lead Twitter lawyer who said Spiro tried to renegotiate Musk's $44 billion deal to buy the social media platform was "misremembering," saying Twitter's counsel offered the discount and asked for legal waivers over the company's bot claims.
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March 10, 2026
Judge Fumes As Live Nation Antitrust Trial Remains In Limbo
The status of Live Nation Entertainment's antitrust trial and proposed settlement over federal and state government claims of anticompetitive conduct remained up in the air Tuesday amid pushback by several states, while the Manhattan federal judge overseeing the case upbraided the parties for keeping him out of the loop about negotiations.
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March 10, 2026
Iowa Defends 5th Circ. Appeal Of Schwab Antitrust Settlement
Iowa's attorney general told the Fifth Circuit that its appeal of a Texas federal judge's final approval of a settlement ending an antitrust class action over The Charles Schwab Corp.'s merger with TD Ameritrade is proper, arguing the state's duty to protect consumers allows it to challenge the deal.
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March 10, 2026
First Brands Seeks Quick $50M Sale Of Walbro Biz In Ch. 11
Bankrupt car parts giant First Brands Group has asked a Texas judge to approve the $50 million sale of its small engine component business Walbro, the first in a series of anticipated business unit sales.
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March 10, 2026
Medtronic Expands Vascular Device Line With $550M Deal
Medtronic said Tuesday it will acquire privately held Scientia Vascular for about $550 million, strengthening its portfolio of devices used to treat stroke and other neurovascular conditions.
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March 10, 2026
M&A Value Surged In Record Start To 2026, Deal Volumes Drop
Global mergers and acquisitions values had a record start to the year, reaching roughly $813.3 billion through Thursday, even as transaction numbers dipped to historic lows, according to PitchBook data.
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March 10, 2026
Chancery Won't Block Precious Metals Deal In Earnout Fight
The Delaware Chancery Court on Tuesday refused to temporarily block a planned acquisition by Bullion International Group LLC, a precious metals company formed in a 2023 merger between online gold retailer APMEX and global refiner MKS PAMP Group Inc., ruling that the dispute over potential earnout payments can be addressed through money damages rather than emergency injunctive relief.
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March 10, 2026
Kirkland-Led Truelink Capital Wraps $2B Fund Above Target
Kirkland & Ellis LLP-advised private equity shop Truelink Capital on Tuesday announced that it wrapped fundraising for its second fund above target after securing $2 billion of investor commitments.
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March 10, 2026
Paul Weiss-Guided GSK To License Liver Drug For $690M
GlaxoSmithKline has agreed to license its experimental liver disease drug linerixibat to Italian pharmaceutical company Alfasigma, which focuses on serious liver conditions, for up to $690 million.
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March 09, 2026
Musk's Team Warned 'WWIII' Over Twitter Deal, Atty Testifies
After Twitter sued Elon Musk for terminating his $44 billion deal to buy the social media platform, Musk's legal team said their client would launch "World War III" against the company's board if forced to go through with the transaction, a Wilson Sonsini lawyer who led the deal for Twitter told a California federal jury Monday.
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March 09, 2026
9th Circ. Doubts Trial Judge Properly Nixed $4.7B NFL Verdict
A Ninth Circuit panel appeared open Monday to reversing at least portions of a lower court's ruling that scrapped a $4.7 billion class action antitrust jury verdict against the National Football League, with one judge saying the "fundamental problem" is the trial court took the verdict away from the jury.
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March 09, 2026
Trump Media Investor's Venue Bid Rejected By Fla. High Court
Florida's Supreme Court on Monday rejected a petition for review brought by an investor in President Donald Trump's Truth Social platform who challenged an order denying his motion to toss or transfer the company's lawsuit against him after he claimed it was filed in the wrong jurisdiction.
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March 09, 2026
DOJ Official Calls Live Nation Deal Win-Win As AGs Press On
The Justice Department's midtrial settlement with Live Nation on Monday created an instant rift with more than two dozen state attorneys general who vowed to press forward instead of accepting a deal that requires online ticketing technology to be open-sourced and forces the company to divest control over at least 13 amphitheaters.
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March 09, 2026
Shell Sells Jiffy Lube To Monomoy Capital For $1.3B
A Shell USA Inc. subsidiary announced Monday that it will sell Jiffy Lube International Inc. to Kirkland & Ellis LLP-led Monomoy Capital Partners in a $1.3 billion deal.
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March 09, 2026
Brookfield Strikes $83.75M TerraForm Merger Deal
A proposed $83.75 million settlement has been filed in the Delaware Chancery Court to resolve long-running shareholder litigation accusing Brookfield Asset Management of exploiting minority investors during its 2020 take-private merger with renewable energy company TerraForm Power Inc.
Expert Analysis
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Series
Law School's Missed Lessons: Client Service
Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients satisfied, lessons that I've learned in the most unexpected of places: a book on how to be a butler, says Gregory Ramos at Armstrong Teasdale.
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US-German M&A Hits Its Stride Despite Economic Headwinds
Against expectations, dealmakers in both the U.S. and Germany are actively seeking investment opportunities in each other's markets, with 2025 shaping up to be the strongest year in recent memory, say attorneys at White & Case.
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How Trump Admin. Is Shifting Biden's Antitrust Merger Enforcement
Antitrust enforcement trends under the Trump administration have included a moderation in the agencies' approach to merger enforcement as compared to enforcers compared to the prior administration, but dealmakers should still expect aggressive enforcement when the agencies believe consumers will be harmed and they expect to win in court, say attorneys at Rule Garza.
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Opinion
Ending Quarterly Reporting Would Erode Investor Protection
President Donald Trump recently called for an end to the long-standing practice of corporate quarterly reporting, but doing so would reduce transparency, create information asymmetries, provide more opportunities for corporate fraud and risk increased stock price volatility, while not meaningfully increasing long-term investments, say attorneys at Bleichmar Fonti.
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Series
Adapting To Private Practice: 3 Tips On Finding The Right Job
After 23 years as a state and federal prosecutor, when I contemplated moving to a law firm, practicing solo or going in-house, I found there's a critical first step — deep self-reflection on what you truly want to do and where your strengths lie, says Rachael Jones at McKool Smith.
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Series
Painting Makes Me A Better Lawyer
Painting trains me to see both the fine detail and the whole composition at once, enabling me to identify friction points while keeping sight of a client's bigger vision, but the most significant lesson I've brought to my legal work has been the value of originality, says Jana Gouchev at Gouchev Law.
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What's At Stake At High Court For Presidential Removal Power
Two pending U.S. Supreme Court cases —Trump v. Slaughter and Trump v. Cook — raise fundamental questions about the constitutional separation of powers, threaten the 90-year-old precedent of Humphrey's Executor v. U.S. and will determine the president's authority to control independent federal agencies, says Kolya Glick at Arnold & Porter.
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Protecting Sensitive Court Filings After Recent Cyber Breach
In the wake of a recent cyberattack on federal courts' Case Management/Electronic Case Files system, civil litigants should consider seeking enhanced protections for sensitive materials filed under seal to mitigate the risk of unauthorized exposure, say attorneys at Redgrave.
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Series
NC Banking Brief: All The Notable Legal Updates In Q3
There were several impactful changes to the financial services landscape in North Carolina in the third quarter of the year, including statutory updates, enforcement developments from Office of the Commissioner of Banks, and notable mergers, acquisitions and branch expansions, say attorneys at Moore & Van Allen.
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Series
Judging Figure Skating Makes Me A Better Lawyer
Judging figure skating competitions helps me hone the focus, decisiveness and ability to process complex real-time information I need in court, but more importantly, it makes me reengage with a community and my identity outside of law, which, paradoxically, always brings me back to work feeling restored, says Megan Raymond at Groombridge Wu.
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What Ethics Rules Say On Atty Discipline For Online Speech
Though law firms are free to discipline employees for their online commentary about Charlie Kirk or other social media activity, saying crude or insensitive things on the internet generally doesn’t subject attorneys to professional discipline under the Model Rules of Professional Conduct, says Stacie H. Rosenzweig at Halling & Cayo.
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Junior Attys Must Beware Of 5 Common Legal Brief Mistakes
Excerpt from Practical Guidance
Junior law firm associates must be careful to avoid five common pitfalls when drafting legal briefs — from including every possible argument to not developing a theme — to build the reputation of a sought-after litigator, says James Argionis at Cozen O'Connor.
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Series
Power To The Paralegals: How And Why Training Must Evolve
Empowering paralegals through new models of education that emphasize digital fluency, interdisciplinary collaboration and human-centered lawyering could help solve workforce challenges and the justice gap — if firms, educators and policymakers get on board, say Kristine Custodio Suero and Kelli Radnothy.
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Series
Playing Softball Makes Me A Better Lawyer
My time on the softball field has taught me lessons that also apply to success in legal work — on effective preparation, flexibility, communication and teamwork, says Sarah Abrams at Baleen Specialty.
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Why Early Resolution Of Employment Liability Claims Is Key
A former Los Angeles fire chief's recent headline-grabbing wrongful termination suit against the city is a reminder that employment practices liability disputes can present risks to the greater business, meaning companies need a playbook for rapid, purposeful action, says Karli Moore at Intact Insurance Specialty Solutions.