Figure Technology Solutions said Wednesday it is acquiring residential real estate lender Kiavi in a $717 million deal that pairs a blockchain-native capital markets platform with an AI-driven mortgage origination engine, with the backing of private credit firm Sixth Street and three law firms advising. 
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THURSDAY, JUNE 11, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

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Figure, Sixth Street Team Up On $717M Kiavi Mortgage Deal

By Al Barbarino

Figure Technology Solutions said Wednesday it is acquiring residential real estate lender Kiavi in a $717 million deal that pairs a blockchain-native capital markets platform with an AI-driven mortgage origination engine, with the backing of private credit firm Sixth Street and three law firms advising. 

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Warren Asks SEC To Delay SpaceX IPO Over 'Troubling' Risks

By Dorothy Atkins

U.S. Sen. Elizabeth Warren called on the U.S. Securities and Exchange Commission to delay SpaceX's anticipated $75 billion initial public offering until steps are taken to protect investors and market integrity, expressing concerns that the company's books contain "troubling gaps," and the IPO poses "unique and precedent-setting" risk.

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Ares Wraps $8.5B Alternative Credit Fund

By Jade Martinez-Pogue

Private equity giant Ares Management Corp. revealed Wednesday that it closed its latest closed-end credit strategy above target after receiving $8.5 billion of investor commitments.

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Data Security Biz Valued At $12B After $600M Funding Round

By Jade Martinez-Pogue

Data security company Cyera announced Wednesday that it reached a $12 billion valuation after raising $600 million from investors in its latest funding round, quadrupling the company's valuation over the last 18 months.

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5 Firms Guide AI Startup Robseek's $1B SPAC Merger

By Al Barbarino

Robseek Intelligence Inc. has agreed to go public through a merger with blank-check company QuasarEdge Acquisition Corp. in a deal valuing the AI company at about $1 billion pre-money equity, with five law firms advising across the U.S., China and offshore jurisdictions. 

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LITIGATION

Altria, Juul Can't Pause 'Stale' Antitrust Case For Appeal

By Bonnie Eslinger

A California federal judge on Wednesday rejected a bid by Altria and Juul to pause antitrust litigation over Altria's past investment in the e-cigarette maker while they appeal the court's grant of certification to classes of direct and indirect Juul purchasers, saying the case is getting "old and stale."

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DEALS & FINANCING

Goodwin, Covington Lead Parabilis' $670M Upsized IPO

By Jade Martinez-Pogue

Venture-backed biotechnology firm Parabilis Medicines hit the public markets Wednesday after raising $670 million in its upsized initial public offering.

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Gibson Dunn Leads Data Center Power Provider's $600M IPO

By Nate Beck

Houston, Texas-based ERock, which supplies natural gas power systems to data centers, began trading Wednesday after raising $600 million at the midpoint of its range with Gibson Dunn & Crutcher LLP and Davis Polk & Wardwell LLP advising.

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EXPERT ANALYSIS

PowerSchool Data Breach Ruling Underscores PE Liability

The recent California federal court decision in PowerSchool, where Bain Capital was unable to dismiss claims relating to a data breach based in part on Bain's preinvestment activities, is an important addition to the line of cases addressing investor liability for acts of a portfolio company, says Mark Kelley at MoloLamken.

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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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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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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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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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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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SDNY US Atty Jay Clayton Picked For DNI After Pulte Pushback

By Courtney Bublé

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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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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Mich. Judge Bullied Staff, Disciplinary Adjudicator Finds

By Melanie Dorsey

A suburban Detroit district judge violated court rules by withholding a court-ordered psychological evaluation report and repeatedly mistreating court staff, a retired judge serving as a neutral in disciplinary proceedings found, while rejecting several other claims of misconduct.

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Mich. Judge Denies Law Firm's Bid To Toss Data Breach Suit

By Susan Smiley

A Michigan law firm's bid to toss a proposed class action alleging that it allowed a cybersecurity breach that exposed its clients' personal and medical information was denied Thursday by a federal judge who also granted the lead plaintiff's request to amend his complaint.

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COMPANIES IN TODAY'S NEWS

AT&T Inc.

Anthropic PBC

Ares Management Corp.

Black Diamond Capital Management LLC

Coatue Management LLC

Commonwealth Edison Co.

Cyera

Energy Impact Partners

Entergy Corp.

Foxconn

International Association of Privacy Professionals

JPMorgan Chase & Co.

JUUL Labs Inc.

Jones Lang LaSalle Inc.

Kiavi Funding Inc.

McAfee Inc.

Microsoft Corp.

Morgan Stanley

NJOY Inc.

Nasdaq Inc.

OpenAI OpCo LLC

PowerSchool Group LLC

Regeneron Pharmaceuticals Inc.

Saudi Arabian Oil Co.

Space Exploration Technologies Corp.

Spark Capital

The Florida Bar

TikTok Inc.

Tower Health

Twitter Inc.

Valvoline Inc.

Walmart Inc.

LAW FIRMS IN TODAY'S NEWS

Ahmad Zavitsanos

Arnold & Porter

Barnes & Thornburg

Cera LLP

Cleary Gottlieb

Collins Bargione

Collins Einhorn

Covington & Burling

Davis Polk

Elsberg Baker

Federman & Sherwood

Foley & Lardner

Gibson Dunn

Goodwin Procter

Gordon Rees

Harney Westwood

Holwell Shuster

Joseph Saveri Law Firm

Kaplan Fox

Kellogg Hansen

Kirkland & Ellis

Latham & Watkins

Lisinski Law Firm

Lubin Austermuehle

Meitar

Milbank LLP

MoloLamken

Podhurst Orseck

Radice Law Firm

Sullivan & Cromwell

Susman Godfrey

Taft Stettinius

Wachtell Lipton

Wilkinson Stekloff

Wilson Sonsini

Zwerling Schachter

GOVERNMENT AGENCIES IN TODAY'S NEWS

Committee for Public Counsel Services

Federal Housing Finance Agency

Federal Trade Commission

Florida Supreme Court

Michigan Supreme Court

State of Michigan

U.S. Citizenship and Immigration Services

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Department of Justice

U.S. District Court for the District of New Jersey

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

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 California

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

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court