Jury Clears Armistice Capital, Execs Of Securities Fraud

By Bonnie Eslinger

A California federal jury on Tuesday cleared Armistice Capital and two of its executives on class action claims it pumped and dumped $250 million in Vaxart stock during the COVID-19 pandemic and violated federal securities law with insider trading.

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Musk Testifies Altman 'Looting' OpenAI Charity For Own Gain

By Dorothy Atkins

Billionaire Elon Musk testified in a California federal jury trial Tuesday that OpenAI executives Sam Altman and Greg Brockman illegally converted OpenAI into a for-profit company after he invested $38 million under the condition the ChatGPT-maker would remain a nonprofit, creating a potential precedent for "looting in every charity in America."

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Silver Rock Capital Partners Wraps $4B Fundraise

By Jade Martinez-Pogue

Independent alternative credit asset manager Silver Rock Capital Partners revealed Tuesday that it closed on more than $4 billion of investable capital for its most recent tactical allocation strategy vintage.

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EQT Raises €3.1B To Buy European Logistics Assets

By Najiyya Budaly

EQT AB said Tuesday that it has raised a total of €3.1 billion ($3.6 billion) for a real estate fund that will invest in modern logistics assets across Europe.

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BMG To Pay Concord PE Owner $1.16B In Music Biz Merger

By Al Barbarino

BMG said Tuesday it will combine with fellow independent music company Concord in a deal that includes a $1.16 billion payment to Concord's private equity owners, with four law firms advising.

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BTG Pactual TIG Snags $1.24B For Reforestation Strategy

By Jade Martinez-Pogue

Gibson Dunn & Crutcher LLP-advised timberland investment manager BTG Pactual Timberland Investment Group, or BTG Pactual TIG, on Tuesday revealed it has closed a fundraising round for its Latin American reforestation strategy after securing $1.24 billion in commitments.

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SPAC Targets Maha Capital In $490M Energy-Fintech Deal

By Jade Martinez-Pogue

Maha Capital AB, a Swiss public company that boasts a portfolio of energy-related assets and fintech operations, on Tuesday revealed it had entered into a letter of intent to merge with special purpose acquisition company Blue Water Acquisition Corp. IV to form a new, publicly traded company.

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Sidley Adds Another Finance Atty, This Time In DC

By Jack Rodgers

Sidley Austin LLP has hired a Davis Polk & Wardwell LLP sponsor finance counsel to its Washington, D.C., team who has about 20 years of experience working with a range of financial entities on transactional matters.

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Mayer Brown Adds Ex-PEG CLO To LA Funds Practice

By Adrian Cruz

Mayer Brown LLP announced Tuesday that an experienced corporate attorney has joined the firm's Los Angeles office as a global funds and asset management partner following a stint working as chief legal officer with real estate investment firm PEG Cos. Inc.

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8 Reasons To Consider Maryland As A 'DExit' Option

While Nevada and Texas have garnered the most attention as alternative states of incorporation for companies considering leaving Delaware, Maryland offers considerable benefits too, including a predictable statutory framework, robust anti-takeover protections, sophisticated business courts with decades of experience, and more, say attorneys at Miles & Stockbridge.

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GrayRobinson Sued Over 'Reckless' Data Security Measures

By Adrian Cruz

GrayRobinson PA has been hit with a proposed class action accusing the Florida-based firm of negligence following the revelation of a March 2025 data breach that exposed the personal data of around 65,000 people.

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Judge Publicly Scolds 'Disgraced' Ex-Prosecutor For AI Errors

By Hayley Fowler

A North Carolina federal judge has eviscerated a former federal prosecutor in a public reprimand for his use of artificial intelligence to draft a response brief that was riddled with hallucinations, calling out the prosecutor's "lack of candor" and saying he "disgraced not only himself, but also the entire office he formerly served."

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Comey Indicted Again As Feds Call Seashell Message 'Threat'

By Phillip Bantz

Former FBI director James Comey was again indicted Tuesday by the Trump administration, this time over a social media post last year of an image of seashells arranged on a North Carolina beach to form the message "86 47," which prosecutors characterized as a threat of violence against the president.

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Maurene Comey Can Sue DOJ Over Firing, Judge Rules

By Phillip Bantz

Former Manhattan federal prosecutor Maurene Comey can move forward with her lawsuit alleging that President Donald Trump's administration fired her because she is the daughter of ex-FBI director and Trump's perceived enemy James B. Comey, a federal judge ruled Tuesday.

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ADT Blasts 'Speculative' Bid To DQ Ogletree From Bias Case

By Gina Kim

ADT LLC urged a Georgia federal judge on Monday to reject an attorney's motion to disqualify Ogletree Deakins Nash Smoak & Stewart PC from defending it against discrimination claims while concurrently defending Microsoft Corp. in the attorney's own pregnancy bias suit, arguing the two matters are wholly separate and unrelated so there's no conflict. 

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Nadine Menendez Says Feds Need To 'Look Into The Mirror'

By George Woolston

Nadine Menendez dug into her bid for bail while she appeals her conviction on a bribery scheme carried out with her ex-politician husband, telling a New York federal court that prosecutors refuse to own up to their handling of the "forced withdrawal" of her counsel.

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Brief

Teleflex Settles Catheter Patent Case Against Medtronic

By Elliot Weld

Medical device company Teleflex and Medtronic have reached a settlement to end a catheter patent dispute from which a judge recused himself after explaining he was "at a loss" on how to proceed.

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