Kirkland, Jones Day Steer $2.55B Sale Of Circor Aerospace

By Jade Martinez-Pogue

Private equity giant KKR and industrial valve manufacturing company Circor International, both advised by Kirkland & Ellis LLP, unveiled plans on Thursday to sell Circor's aerospace division to Jones Day-led industrial manufacturer Parker Hannifin Corp. in a $2.55 billion deal.

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Analysis

OpenAI Ouster About Governance, Not Bad Counsel, Pros Say

By Dorothy Atkins

Witness testimony offered during a recent high-profile jury trial over Elon Musk's challenge to OpenAI's for-profit restructuring accused the artificial intelligence company's nonprofit board of following bad legal advice when it fired CEO Sam Altman in 2023, although experts say the incident was more likely the product of poor governance rather than lousy legal counsel.

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Analysis

BigLaw Deals Scandal Puts Boston Back On White Collar Map

By Chris Villani

A sweeping insider trading case involving information stolen from BigLaw firms shows a return to bread-and-butter white collar enforcement for Boston federal prosecutors and provides a morale lift in an office that has seen shifting priorities and staff turnover since the signature "Varsity Blues" takedown in 2019, veteran prosecutors told Law360.

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SEC's Peirce To Join Law School Faculty After Agency Exit

By Sarah Jarvis

The U.S. Securities and Exchange Commission's Hester Peirce will join the faculty of Regent University School of Law this November after her time at the agency, the university announced, although the commissioner said her departure date has not yet been set.

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Reversing Course, Judge Tosses SEC Fund Fraud Case

By Jessica Corso

A Pennsylvania federal judge has reversed her decision in favor of the U.S. Securities and Exchange Commission over two investment fund managers it accused of fraud, and instead has permanently dismissed the action after finding the agency failed to prove its claims.

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Citron Founder's Tweets Impacted Stock Prices, LA Jury Told

By Rae Ann Varona

A former U.S. Securities and Exchange Commission financial economist testified Thursday in the criminal securities fraud case against Citron Research founder Andrew Left, telling a California federal jury that allegedly deceptive tweets posted by the "activist investor" clearly had a "statistically significant" impact on companies' stock prices.

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Deals Rumor Mill

NFL Teams Valued At $9B In Stake Sales, And Other Rumors

By Al Barbarino

Two reported NFL stake sales this past week highlight the continued surge in professional sports valuations, fueled in part by the entry of private equity investors.

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Haynes Boone Brings On Dentons Corporate Atty In Houston

By Lynn LaRowe

Haynes Boone has bolstered its corporate bench in Houston with a former Dentons lawyer who brings particular experience advising clients with complex domestic and cross-border transactions.

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SEC Enforcement Has Continued Its Asset Management Focus

While the total number of U.S. Securities and Exchange Commission enforcement actions is down, certain novel theories of liability have been abandoned, and the SEC has embraced a back-to-basics posture, most of the regulatory risks for asset managers that existed in the prior commission have not gone away, say attorneys at Weil.

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Series

NY Times Word Puzzles Make Me A Better Lawyer

Every morning I let The New York Times humble me with word games, which offer a chance to recalibrate my brain before the day's chaos arrives and remind me that a solution — whether to a puzzle or employment law issue — almost always exists once I find the right angle, says Amy Epstein Gluck at Pierson Ferdinand.

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Fox Rothschild Attys Shot Outside NC Courthouse After Hearing

By Hayley Fowler

Two Fox Rothschild LLP attorneys were shot Friday outside a courthouse in Raleigh, North Carolina, according to police reports and a firm spokesperson.

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Survey Finds Legal Malpractice Claim Frequency Grew In 2025

By Andrea Keckley

Insurers reported an increase in the frequency of legal malpractice claims for the first time in several years amid concerns over issues like the uncontrolled use of artificial intelligence, according to this year's legal professional liability insurance survey by EPIC Law Firm Group.

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Prosecutors Seek $1.98M Forfeiture In Goldstein Case

By Jared Foretek

Federal prosecutors are seeking a nearly $2 million forfeiture judgment against convicted SCOTUSblog founder Tom Goldstein and asking a Maryland federal judge to turn the Supreme Court lawyer's Northwest D.C. home over to the government to pay it.

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Discipline Upheld For Fed. Judge Who Had Sex In Chambers

By Madison Arnold

The federal judiciary signed off Friday on a private reprimand for a district judge within the Eleventh Circuit for misconduct that included having an extramarital affair with a law enforcement officer and sexual intercourse in their chambers within earshot of the judge's staff.

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Nelson Mullins Faces $2B Suits Over Alleged Conflicts

By Carolina Bolado

The former wives of two insurance mogul brothers have sued Nelson Mullins Riley & Scarborough LLP for $2 billion, claiming a partner there set up the couples' estates while quietly conspiring with the brothers to shield marital assets from the wives in the event of divorce.

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Ala. Atty Suspended Over 'Atrocious' Bid To Cover Up AI Use

By Rae Ann Varona

A federal judge has suspended an attorney from practicing in the Northern District of Alabama after the attorney deleted his ChatGPT account in a bid to cover up his use of the chatbot to write an erroneous brief, saying the court never imagined having to deal with such "atrocious conduct."

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DOJ Hid Grand Jury Misconduct In ICE Case, Ill. Judge Says

By Celeste Bott

An Illinois federal judge said Thursday her trust in U.S. Department of Justice attorneys had been "broken" after reviewing unredacted grand jury transcripts in a criminal case against anti-ICE protesters that revealed prosecutorial misconduct, shortly after which Chicago's top federal prosecutor moved to dismiss the charges.

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'Can't Just Make Up Names And Sue,' 7th Circ. Judge Says

By Anne Cullen

A Seventh Circuit judge rebuked a lawyer Friday for naming a "made up" entity, rather than the correct institution, in a workplace sexual harassment lawsuit against the Wisconsin Court System and a former judge, demanding the error be corrected immediately.

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UC Berkeley Law Adopts Sweeping Restrictions On AI Use

By Lynn LaRowe

The University of California, Berkeley School of Law has adopted a sweeping new policy that restricts the use of artificial intelligence by students, saying the measure aims to ensure "our courses focus on requisite cognitive skills by default."

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Attys Hijacked 1,000 Storm Cases In 'Shakedown,' Suit Says

By Emily Sawicki

Two Louisiana law firms and a group of politically connected attorneys engaged in a "shakedown" to steal about 1,000 cases filed by hurricane survivors who had hired and built cases with a different firm, alleged a RICO suit filed Thursday in Houston federal court.

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Analysis

Why Big Tech Gets Advisory Juries In 'Socially Explosive' Suits

By Dorothy Atkins

A California federal judge's recent use of advisory juries for high-profile tech disputes — including Elon Musk's OpenAI for-profit conversion challenge and states' social-media addiction fight with Meta — is an uncommon practice that's intended as a "reality check" for judges deciding "socially explosive" disputes, according to legal experts.

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Exclusive

Fed. Judiciary Urged To Drop Unified Atty Admission Effort

By Jack Karp

The federal judiciary should scrap any proposal to do away with state bar admission requirements for U.S. district courts and create a national district court bar, according to a recent report finding it would undercut those courts' control over bar membership and that it lacks the necessary support.

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Analysis

Some Attys Say Remote Hearing Expansion Comes At A Cost

By Julie Manganis

A push in Massachusetts to expand the number of proceedings held via videoconference is raising concerns among some attorneys, who question if the time savings of remote hearings is outweighed by the hidden costs of lawyers and judges staring into a screen.

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Law360's Legal Lions Of The Week

By Kevin Penton

Morrison Foerster LLP, Wachtell Lipton Rosen & Katz and Dechert LLP lead this week's edition of Law360 Legal Lions, after a California federal jury cleared OpenAI and executives Sam Altman and Greg Brockman of allegations that they breached the nonprofit's charitable trust by converting to a for-profit.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

The past week in London has seen Napster sued by a music royalties company, White & Case LLP and Laytons LLP targeted in a claim by a property developer, a short-term lender pursue legal action against law firm Rainer Hughes and its former founding partner following his strike-off for money laundering offenses, and the administrators of London Bridging sue the founder of collapsed Market Financial Solutions. Here, Law360 looks at these and other new claims in the U.K.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

The role of artificial intelligence in law weaves in and out of this week's stories, with the most recent compelling action coming from California Gov. Gavin Newsom, who issued an executive order to mobilize state agencies as AI layoffs begin to hit thousands of workers in his state.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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