Aerospace and defense company Ursa Major Technologies Inc. on Tuesday unveiled plans to go public by merging with special purpose acquisition company Bleichroeder Acquisition Corp. III in a deal that boasts a post-transaction equity value of roughly $2.3 billion and was built by four law firms.
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WEDNESDAY, AUGUST 26, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

4 Firms Build Ursa Major's $2.3B SPAC Merger

By Jade Martinez-Pogue

Aerospace and defense company Ursa Major Technologies Inc. on Tuesday unveiled plans to go public by merging with special purpose acquisition company Bleichroeder Acquisition Corp. III in a deal that boasts a post-transaction equity value of roughly $2.3 billion and was built by four law firms.

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2 Firms Guide Windjammer's $350M Smart Parking Co. Sale

By Isaac Monterose

Private equity investor Windjammer Capital will sell its smart parking infrastructure company IPS Group Inc. to online commerce platform Nayax Ltd. in a $350 million all-cash, no-debt sale guided by Kirkland & Ellis LLP and Reed Smith LLP, Windjammer and Nayax announced Tuesday.

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EasyJet, Apollo Extend Deadline For £5.7B Takeover Details

By Irene Madongo

The boards of easyJet and Apollo's acquisition vehicle have agreed to push back the deadline for publishing formal details of a proposed buyout worth approximately £5.7 billion ($7.8 billion) to mid-October, the budget airline said Tuesday.

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Del. Justices Say SPAC Proxy Claims Came Too Late

By Katryna Perera

The Delaware Supreme Court on Tuesday affirmed the dismissal of a special purpose acquisition company suit seeking damages tied to a $1.4 billion deal with an autonomous vehicle software provider, finding the plaintiff waited too long to sue.

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DEALS & FINANCING

Autonomous Freight Biz Raises $200M In Series D Round

By Jade Martinez-Pogue

Autonomous trucking company Gatik on Tuesday revealed it had closed its latest funding round after securing $200 million in investor commitments, a move that comes as demand for driverless commercial freight increases.

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Emerald AI Hits $1.05B Valuation In $150M Series A Round

By Nate Beck

Emerald AI, a company developing software to reduce or change power usage of AI data centers while electric grids are under stress, said Tuesday that it raised $150 million in a funding round valuing the company at $1.05 billion.

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PEOPLE

Mayer Brown Adds DLA Piper Finance Ace In Houston

By Lynn LaRowe

Mayer Brown LLP has bolstered its global leveraged finance and private capital group with a Houston-based partner who came aboard from DLA Piper.

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Jones Day Hires Corporate Pro From Freshfields In Munich

By Dawood Fakhir

U.S. law firm Jones Day has said it expanded its corporate practice in Europe with the addition of a former Freshfields LLP mergers and acquisitions specialist in Munich, Germany.

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EXPERT ANALYSIS

What To Know As Legal Duty To Consider AI Takes Shape

While the U.K. Jurisdiction Taskforce’s recent statement on liability for artificial intelligence harms is nonbinding for both U.K. and U.S. lawyers, it highlights the importance of being able to distinguish between the availability of a tool and a professional obligation to use it, say Jonny Frank and Michael Costa at StoneTurn.

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LEGAL INDUSTRY

Firm Revenue Climbs 12.4% In First Half Of 2026

By Daniel Moritz-Rabson

Record billing rate gains, strong demand and increased productivity fueled a successful start to the year for the legal industry, according to a report released Tuesday.

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Florida AG Slams Bar Complaint Against DHS Counsel

By Madison Arnold

Florida Attorney General James Uthmeier wrote to the executive director of the Florida Bar to criticize a recent complaint made to the bar against James Percival, general counsel of the U.S. Department of Homeland Security, for attacking judges.

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Legal Watchdog Lodges Bar Complaint Against Jeanine Pirro

By Hailey Konnath

The Legal Accountability Center said Tuesday that it filed a bar complaint against U.S. Attorney Jeanine Pirro, claiming that she abused her position to unjustifiably target Democratic lawmakers after they released a video reminding members of the military and intelligence community that it's their duty to refuse unlawful orders.

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6th Circ. Says Judge Can't Escape Teen Mock Arrest Suit

By Susan Smiley

A Sixth Circuit panel on Monday allowed to proceed a Michigan federal lawsuit filed against a Detroit judge who handcuffed a 15-year-old student and subjected her to a mock trial after she fell asleep in his courtroom, ruling that judicial immunity does not protect him.

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Watchdog Wants NY Judge Ousted Over Retaliatory Suit

By Rose Krebs

The New York State Commission on Judicial Conduct has determined a state judge should be removed from office for filing a retaliatory defamation suit against an eye-care worker who had lodged an ethics complaint over the judge refusing to wear a mask in an office in 2021.

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NY Times Says EEOC Dragging Feet On Anti-White Bias Info

By Grace Elletson

The New York Times Company has sued the U.S. Equal Employment Opportunity Commission, claiming the anti-discrimination watchdog flouted federal law by failing to respond to requests for records of communications with conservative legal groups and agency efforts to investigate claims of bias against white workers.

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Colo. Judge Ships $8.3M Messner Reeves Fraud Suit To Utah

By Zach Dupont

A Colorado federal judge granted a motion Monday from law firm Messner Reeves LLP to move a lawsuit accusing the firm of stealing more than $8 million as part of a fraudulent loan scheme to Utah after finding the venue was the proper forum to litigate the claims.

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Tort Report: Mass. Jury Delivers Record Amazon Crash Verdict

By Y. Peter Kang

A record personal injury verdict against Amazon in a crash case and Aerosmith frontman Steven Tyler's upcoming sex abuse trial lead Law360's Tort Report, which compiles recent personal injury and medical malpractice news that may have flown under the radar.

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COMPANIES IN TODAY'S NEWS

3M Co.

Amazon.com Inc.

American Bar Association

Apollo Global Management LLC

Cantor Fitzgerald LP

Castlelake LP

Federalist Society

Fort Point Capital

Growth Corp.

LinkedIn Corp.

Mars Inc.

Millennium Management LLC

Moelis & Co.

Nasdaq Inc.

Nayax Ltd.

PepsiCo Inc.

Qatar Investment Authority

Rhapsody International Inc.

Solventum

StoneTurn Group LLP

The Florida Bar

The New York Times Co.

Wells Fargo & Co.

YouTube Inc.

easyJet plc

LAW FIRMS IN TODAY'S NEWS

Baker & Hostetler

Chase Law & Associates

Clifford Chance

Consovoy McCarthy

DLA Piper

Davis Polk

Emery Celli

Fieger Law

Freshfields

Gordon Rees

Grant & Eisenhofer

Jones Day

King & Wood Mallesons

Kirkland & Ellis

Latham & Watkins

Macfarlanes LLP

Mayer Brown

Messner Reeves

Milbank LLP

Paul Weiss

Perkins Law

Perkins Law Group PLLC

Reed Smith

Richards Layton

Slaughter and May

Spencer Fane

Watson Farley

White & Case

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Equal Employment Opportunity Commission

Florida Supreme Court

Missouri Attorney General's Office

New York State Commission on Judicial Conduct

U.S. Court of Appeals for the Seventh Circuit

U.S. Court of Appeals for the Sixth Circuit

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 Eastern District of New York

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

U.S. Navy

U.S. Securities and Exchange Commission

United States District Court for the District of Colorado

United States District Court for the District of Utah