A Trian Fund Management-led group of investors has proposed acquiring Wendy's for about $1.4 billion in a transaction that would take the fast-food chain private, a Wednesday securities filing shows.
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THURSDAY, OCTOBER 29, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Trian-Led Investment Group Offers $1.4B To Acquire Wendy's

By Al Barbarino

A Trian Fund Management-led group of investors has proposed acquiring Wendy's for about $1.4 billion in a transaction that would take the fast-food chain private, a Wednesday securities filing shows.

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9th Circ. Judge Calls Out Whole Foods For Standing Flip-Flop

By Rachel Riley

A Ninth Circuit judge confronted Whole Foods on Wednesday for reversing its position in a proposed class action alleging failure to include wage information in job listings, pressing its counsel on why an appellate panel should accept its new standing argument and let the case proceed in federal court instead of Washington state court.

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Unilever May Get Suit By Ex-Ben & Jerry's Chair Moved To NY

By Bonnie Eslinger

A California federal judge said on Wednesday that he is unlikely to toss claims that Unilever defamed Ben & Jerry's then-board chair to justify ousting her over her support for Palestinians, and indicated he is inclined to transfer the case to New York.

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FTC Probes Delta, Uber, Others Over Data-Driven Pricing

By Allison Grande

The Federal Trade Commission is pressing Delta, Uber, Target and a half-dozen other companies to detail how they're using personal data to set individualized pricing for consumers and compensation for workers, marking the latest escalation of the agency's growing scrutiny of the increasingly prominent business practice.

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POLICY & REGULATION

Roundup

Product Liability's Regulatory & Legislative Recap So Far

By Emily Field

Over the summer and early fall, lawmakers proposed measures aimed at putting safeguards around the rapidly growing industry of artificial intelligence, as public concerns over its safety climb in tandem. The new nominee to head the U.S. Food and Drug Administration also faced sharp queries over her views on vaccines and birth control.

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India, Mexico Take Step Toward Preferential Trade Deal

By Jack McLoone

Trade representatives from India and Mexico kicked off negotiations for a preferential trade agreement, the Indian government announced Wednesday, saying the hope is to increase trade between the countries.

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LITIGATION

Seattle Restaurant Owner Gets 13 Months In $1.4M Tax Case

By Zak Kostro

A Seattle restaurant owner was sentenced to 13 months in prison and three years of supervised release for willfully failing to pay more than $1.4 million in unemployment, Social Security and Medicare taxes, some of which he withheld from employees' paychecks, federal prosecutors said.

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Restaurant Investor Says Divorce Left Repayment In Dispute

By Matthew Santoni

A former employee and investor in a Pittsburgh-area chain of Mexican restaurants says he wants to be repaid after his retirement, but the former co-owners' divorce has left each party claiming the other owes him the money, according to a lawsuit the investor filed in Pennsylvania state court Tuesday.

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Meatpacking Cos. Can't Escape Haitian Workers' Bias Suit

By Patrick Hoff

Two meatpacking companies must face a proposed class action alleging they lured Haitian workers to Colorado with false promises and subjected them to harsh working conditions because of their race, with a federal judge saying Wednesday that the bid to toss the case is based mostly on technicalities.

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Netherlands Blocks Unilever Deal To Unload Dutch Brand

By Dawood Fakhir

The Dutch competition regulator has decided to block the sale by multinational consumer goods giant Unilever PLC of Dutch brand Unox to Zwanenberg, almost two years after the deal was announced.

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EXPERT ANALYSIS

3 Strategies To Reduce AI Sycophancy In Legal Work

The tendency of generative artificial intelligence models to tell users what they want to hear can reinforce attorneys’ confirmation bias when testing the strength of arguments, and it can’t simply be prompted away — but a few practices can help mitigate it, says Michael Ott at Ice Miller.

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LEGAL INDUSTRY

Weil To Wind Down As Top Attorneys Abandon Firm

By Daniel Moritz-Rabson, Alex Wittenberg and Aebra Coe

Weil Gotshal & Manges LLP, the restructuring powerhouse that led Lehman Brothers, Enron and General Motors through bankruptcy, told Law360 Pulse Wednesday that the firm is preparing to wind down operations.

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BigLaw Tip Middleman To Admit Role In $3.5M Trading Scheme

By Chris Villani

An alleged middleman in a sweeping scheme to trade off of deal information stolen from major law firms has agreed to plead guilty and potentially faces a prison term of nearly a decade, according to a plea agreement filed Wednesday in Massachusetts federal court.

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Judge Hellerstein, Gruff Moderator Of Major Cases, Dies At 92

By Pete Brush

Judge Alvin K. Hellerstein, a former litigator and sometimes impatient Manhattan federal jurist who presided over decades of high-profile cases that often came under close appellate scrutiny, died Wednesday at the age of 92.

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LA's Top Federal Prosecutor 'Unlawfully Serving,' Judge Finds

By Christine DeRosa

A federal judge has ruled that Los Angeles' top federal prosecutor isn't legally serving in the role and that he is disqualified from participating in or supervising two criminal prosecutions.

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Proskauer, Reddit Attys Called To Testify In Data-Scraping Suit

By Bryan Koenig

A New York federal judge on Wednesday called for live testimony from two Proskauer Rose LLP attorneys and Reddit's deputy general counsel as he weighs the law firm's bid to represent Perplexity AI in a lawsuit from Reddit, the firm's former client, over alleged data scraping.

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BakerHostetler Malpractice Case To Expand With RICO Claim

By Emily Johnson

A Georgia federal judge has allowed a trustee who has accused BakerHostetler and an Atlanta-based attorney of legal malpractice to file an amended complaint after the trustee asked to add claims of Georgia RICO Act violations.

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Mich. Judge Weighs Toshiba Legal Bills Discovery Fight

By Melanie Dorsey

A Michigan federal judge on Wednesday questioned whether she needs to review specific objections to DTE Electric Co. and Consumers Energy Co.'s multimillion-dollar attorney fee request before deciding whether Toshiba Corp. must disclose its own legal bills and litigation expenses following a nearly $394.4 million jury verdict over a botched power plant overhaul.

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SC Gov.'s Counsel Still In The Running For Federal Judgeship

By Courtney Bublé

The chief legal counsel for South Carolina Gov. Henry McMaster is "being actively considered" for a federal judgeship, according to the White House, but it's not a done deal yet.

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Analysis

Albright Left Key Issue In Billion-Dollar IP Fight Unanswered

By Dani Kass

In May 2025, then-U.S. District Judge Alan Albright watched a jury hold that VLSI Technology is controlled by Fortress Investment Group, but by the time he left the bench in August 2026, the judge had yet to decide whether that ownership would let Intel avoid billions of dollars in patent infringement verdicts.

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COMPANIES IN TODAY'S NEWS

Anthropic PBC

BNP Paribas SA

Ben & Jerry's Homemade Inc.

Campaign for Tobacco-Free Kids

Citrix Systems Inc.

Delta Air Lines Inc.

DoorDash Inc.

Enstar Group Ltd.

Finjan Holdings Inc.

First Brands Group

Flynn Group

Fortress Investment Group LLC

Google LLC

Instacart

Intel Corp.

JBS USA Holdings Inc.

JetBlue Airways Corp.

Johnson & Johnson

Lehman Brothers Holdings Inc.

Lyft Inc.

Meta Platforms Inc.

OpenAI OpCo LLC

Platinum Partners LP

Poshmark Inc.

Raine

Reddit Inc.

Sixth Street Partners

Steward Health Care System LLC

Target Corp.

Thoma Bravo LLC

TikTok Inc.

Toshiba Corp.

Total Wine & More

Trian Fund Management LP

Uber Technologies Inc.

Unilever PLC

United Airlines Holdings Inc.

Walmart Inc.

Whole Foods Market Inc.

iRobot Corporation

LAW FIRMS IN TODAY'S NEWS

Alston & Bird

Baker & Hostetler

Bartlit Beck

Burr & Forman

Bush Seyferth

Case Law Group

Cravath Swaine

Emery Reddy

Foley & Lardner

Goodwin Procter

Handley Farah

Ice Miller

Jenner & Block

Keker Van Nest & Peters

Latham & Watkins

Linley Jones Firm

McGuireWoods

McNair Law Firm

Morgan Lewis

Nichols Kaster

Paul Weiss

Proskauer Rose

Quinn Emanuel

Sidley Austin

Simpson Thacher & Bartlett

Sirianni Youtz

Spencer Fane

Stroock & Stroock

Sullivan & Cromwell

Vitale Vickrey

Weil Gotshal

White & Case

Willkie Farr

Wollmuth Maher

GOVERNMENT AGENCIES IN TODAY'S NEWS

Federal Trade Commission

Food and Drug Administration

Internal Revenue Service

Michigan Supreme Court

Patent Trial and Appeal Board

U.S. Army

U.S. Attorney's Office for the Central District of California

U.S. Attorney's Office for the District of Massachusetts

U.S. Attorney's Office for the Western District of Washington

U.S. Court of Appeals for the Ninth Circuit

U.S. Department of Justice

U.S. Department of Transportation

U.S. Department of Veterans Affairs

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

U.S. District Court for the District of Massachusetts

U.S. District Court for the District of South Carolina

U.S. District Court for the Eastern District of Michigan

U.S. District Court for the Eastern District of Texas

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

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

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

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

U.S. District Court for the Western District of Texas

U.S. District Court for the Western District of Washington

U.S. Environmental Protection Agency

U.S. House of Representatives

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

United States District Court for the District of Colorado