Elon Musk's SpaceX on Thursday priced a $75 billion initial public offering at its designated price range, represented by Gibson Dunn Crutcher LLP and underwriters' counsel Davis Polk & Wardwell LLP, marking the largest IPO in history.
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TOP NEWS

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Gibson Dunn, Davis Polk Launch SpaceX's Record $75B IPO

By Tom Zanki

Elon Musk's SpaceX on Thursday priced a $75 billion initial public offering at its designated price range, represented by Gibson Dunn Crutcher LLP and underwriters' counsel Davis Polk & Wardwell LLP, marking the largest IPO in history.

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Anthropic Says Feds' Retaliation Efforts Are Evident

By Madeline Lyskawa

Anthropic PBC told a California federal judge Wednesday that the Trump administration has been "remarkably transparent" about its "campaign of retaliation," in a bid to win its lawsuit challenging the Pentagon's designation of the company as a supply chain risk to national security.

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SDNY US Atty Jay Clayton Picked For DNI After Pulte Pushback

By Courtney BublƩ

President Donald Trump announced on Thursday he's nominating Jay Clayton, U.S. attorney for the Southern District of New York, to be director of national intelligence.

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Chinese Biopharma Sues Over National Security Threat Label

By Bonnie Eslinger

Chinese pharmaceutical company WuXi AppTec sued the U.S. Department of Defense on Thursday, asking a D.C. federal court to set aside the agency's designation of the company as a Chinese military company, which it said was done "without a lawful or factual basis."

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POLICY & REGULATION

GlobalStar Opposes FCC Review Of 2 GHz Satellite Order

By Nadia Dreid

The Federal Communications Commission should ignore a request to rethink its rejection of a plan that would bring sweeping changes to the "Big LEO" satellite rules, an American satellite telecom is telling the agency.

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LITIGATION

Texas Biz Court Lets Southwest Pilots Redo Boeing Claims

By Spencer Brewer

A Texas business court judge said the Southwest Airlines pilots union could continue its suit against The Boeing Co. for alleged economic losses resulting from the grounding of the 737 Max aircraft, but told the union it would have to better articulate the harm Boeing caused.

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Discount Airline Settles Military Workers' Leave Benefits Suit

By Grace Elletson

A budget airline has agreed to settle a proposed class action in Minnesota federal court claiming the business violated federal law by failing to contribute cash into workers' retirement funds when they took military leave.

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Immigrants Say Guantánamo Policy Is Arbitrary, Costly

By Elaine BriseƱo

A certified class of Guantánamo Bay detainees told a D.C. federal judge that the Immigration and Nationality Act does not allow the United States to detain noncitizens after they have been removed from the country.

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Brief

11th Circ. Won't Revisit Delta Pilots' Military Bias Suit

By Patrick Hoff

The Eleventh Circuit declined to rethink the dismissal of a suit alleging Delta forced out two pilots because they took military leave, leaving in place a panel's conclusion that they resigned over investigations into whether they misused their sick leave.

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Brief

Fed. Circ. Changes Process For Some Full-Panel Reviews

By Elaine BriseƱo

The Federal Circuit now requires the authoring judge to notify all panel members about nonprocedural motions, including motions for extensions of time and withdrawal of counsel, according to internal documents.

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EXPERT ANALYSIS

USTR Forced Labor Tariff Plan Pushes Trade Recourse Limits

Tariffs recently proposed by the U.S. Trade Representative’s Office, which determined that 60 countries failed to implement adequate forced labor protections, expand the use of existing trade remedies to address global supply chain labor standards, potentially inviting both practical adjustments by businesses and careful legal scrutiny, says attorney Sohan Dasgupta.

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Series

Cow Horse Makes Me A Better Lawyer

Moving an unwilling 800-pound cow while riding a horse at high speed is exhilarating, a little unhinged and, at least for me, a surprisingly effective training ground for litigation — both demand focus, preparation over rigid planning and the willingness to act despite fear, says Ashley Zitrin at Glenn Agre.

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LEGAL INDUSTRY

The 2026 Law360 400

By Daniela Porat

Law360 is pleased to announce its list of the 400 largest U.S. firms by headcount.

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Kellogg Hansen Bests Susman Godfrey's Associate Pay Hikes

By Andrea Keckley

More litigation boutiques are joining the growing number of firms raising their base salaries for associates, with Kellogg Hansen Todd Figel & Frederick PLLC exceeding the scale Susman Godfrey LLP set earlier this week.

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Widow Sues Podhurst Orseck Over $4M 737 Max Settlement

By Mike Curley

An Indonesian widow is suing Podhurst Orseck PA and one of its attorneys in Illinois federal court, alleging they failed to keep her informed or get her all the money she was entitled to in a $4 million settlement with Boeing over the fatal crash of Lion Air Flight 610.

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Miss America CEO Wants Ex-Atty Barred From Court

By Emily Lever

The CEO of Miss America and companies linked to the pageant asked a Florida federal court on Thursday to bar their former counsel Carlton Fields from a status conference in their litigation over Miss America's bankruptcy, arguing the firm is not a party and is no longer counsel of record.

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Immigration Firm Says Attys Fraudulently Poached Clients

By Britain Eakin

A law firm recently accused of running a volume-driven immigration filing mill claimed in a new lawsuit in Ohio federal court that three attorneys and a TikTok personality orchestrated a social media campaign falsely accusing it of visa fraud as a way to poach its clients.

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Ex-Trump Atty Chesebro Gets Fla. Law License Back

By Madison Arnold

The Florida Supreme Court has reinstated the law license of former Trump campaign attorney Kenneth Chesebro after his conviction in Georgia's election interference racketeering case was eventually cleared by a court order invalidating the charge.

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Mass. Attys Ding Watchdog's 'Myopic' Public Defense Report

By Julie Manganis

The leader of a group of Massachusetts attorneys who stopped taking court-appointed cases last year over what they say are inadequate hourly rates on Thursday slammed a state inspector general's highly critical report on the state's indigent defense system as "myopic."

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COMPANIES IN TODAY'S NEWS

American Civil Liberties Union

Anthropic PBC

Center for Constitutional Rights

Citigroup Inc.

Delta Air Lines Inc.

Deutsche Bank AG

Globalstar Inc.

International Refugee Assistance Project

JPMorgan Chase & Co.

Learning Resources Inc.

McAfee Inc.

Morgan Stanley

Nasdaq Inc.

New York Civil Liberties Union

RBC Capital Markets

Saudi Arabian Oil Co.

Southwest Airlines Co.

Space Exploration Technologies Corp.

The Boeing Co.

The Florida Bar

The Goldman Sachs Group Inc.

TikTok Inc.

UBS Group AG

Wells Fargo & Co.

LAW FIRMS IN TODAY'S NEWS

Ahmad Zavitsanos

Barker Martin

Barnes & Thornburg

Carlson Caspers

Carlton Fields

Carter Arnett

Collins Bargione

Condon & Forsyth

Davis Polk

Elsberg Baker

Foley & Lardner

Gibson Dunn

Glenn Agre

Holwell Shuster

Kellogg Hansen

Kirkland & Ellis

Kluger Kaplan

Lisinski Law Firm

Lubin Austermuehle

Martin LLP

Milbank LLP

Podhurst Orseck

Sidley Austin

Siri & Glimstad

Sullivan & Cromwell

Susman Godfrey

Taft Stettinius

The Barton Firm LLP

Wick Phillips

WilmerHale

Wilson Sonsini

GOVERNMENT AGENCIES IN TODAY'S NEWS

Committee for Public Counsel Services

Committee on Foreign Investment in the United States

European Union

Federal Aviation Administration

Federal Communications Commission

Federal Housing Finance Agency

Florida Supreme Court

Millennium Challenge Corp.

Office of the U.S. Trade Representative

U.S. Citizenship and Immigration Services

U.S. Court of Appeals for the Eleventh Circuit

U.S. Customs and Border Protection

U.S. Department of Defense

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. District Court for the District of Columbia

U.S. District Court for the District of Minnesota

U.S. District Court for the Northern District of California

U.S. District Court for the Northern District of Illinois

U.S. District Court for the Southern District of Florida

U.S. District Court for the Southern District of New York

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

World Trade Organization