4 Canadian Law Firms Steer $9.4B REIT Take-Private Deal

By Al Barbarino

Choice Properties REIT and private equity firm KingSett Capital have agreed to acquire First Capital REIT in a transaction valued at approximately $9.4 billion, including debt, in a deal steered by four Canadian law firms. 

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Kirkland-Led Madison Air Prices Largest IPO Of 2026 At $2.2B

By Jade Martinez-Pogue

Air ventilation and filtration company Madison Air Solutions made its public trading debut Thursday after pricing a blockbuster $2.2 billion initial public offering, marking the largest IPO of 2026 so far.

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Davis Polk, Ropes & Gray Lead Defense Tech Firm Arxis' $1.1B IPO

By Nate Beck

Bloomfield, Connecticut-based aerospace parts manufacturer Arxis said it raised $1.1 billion after pricing shares at the top of their range in a Thursday initial public offering advised by Davis Polk & Wardwell LLP and Ropes & Gray LLP.

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OpenAI, Musk OK With Bifurcated Trial And Advisory Jury

By Lauren Berg

Elon Musk, OpenAI and Microsoft agreed Thursday to a California federal judge's proposal to bifurcate the trial's liability phase from the remedies phase in a case challenging the artificial intelligence company's conversion to a for-profit entity, and that the jury for the liability phase should serve on an advisory basis.

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Trump Depo Bid Can't Justify Trial Delay, Fla. Judge Rules

By David Minsky

A Florida state court judge on Thursday declined to pause a lawsuit over taking Trump Media & Technology Group public, saying the backers of President Donald Trump's Truth Social platform haven't shown good reason to delay a July trial start date while they appeal an order denying their bid to depose the president. 

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San Diego Alleges Fire Truck-Makers Attempted Monopoly

By Elaine Briseño

San Diego has alleged in a federal lawsuit that fire truck manufacturers REV Group and Oshkosh Corp., along with private equity firm American Industrial Partners, orchestrated an anticompetitive scheme to consolidate the market and charge municipalities across the nation inflated prices.

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Sazerac Pitches $15B Brown-Forman Buy, Plus More Rumors

By Jade Martinez-Pogue

Alcoholic drink giant Sazerac has offered to acquire Jack Daniel's maker Brown-Forman for $15 billion, United Airlines CEO pitched a mega-merger with rival American Airlines to President Donald Trump, and popular pizza chains Papa John's and Pizza Hut are considering new ownership.

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Latham-Led Nuclear Power Supplier X-Energy Eyes $750M IPO

By Rae Ann Varona

X-Energy Inc., which develops advanced nuclear reactors and fuel technology, is looking to raise $750 million in an upcoming initial public offering guided by Latham & Watkins LLP, the company has announced.

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International Paper To Pay $360M For Wash. Paper Mill Co.

By Al Barbarino

International Paper said Thursday that it has agreed to acquire North Pacific Paper Co., a paper manufacturer and portfolio company of One Rock Capital Partners, for $360 million. 

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Multi-Color Wins OK For Ch. 11 Plan Cutting $3.9B In Debt

By Alex Wittenberg

A New Jersey bankruptcy judge on Thursday confirmed Multi-Color Corp.'s reorganization plan less than three months after the label-maker sought Chapter 11 protection, allowing the company to slash $3.9 billion in debt and raise $889 million in new capital.

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O'Melveny Adds M&A Duo From BakerHostetler In Dallas

By Lynn LaRowe

O'Melveny & Myers LLP announced Thursday that it has bulked up its mergers and acquisitions and private equity group with a pair of Dallas-based partners who came aboard from BakerHostetler, further strengthening the firm's growing presence in the Lone Star State.

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Katten Partner Rejoins Epstein Becker In DC For 3rd Time

By Jack Rodgers

Epstein Becker Green LLP has rehired, for the third time, a healthcare transactional attorney who focuses his practice on guiding hospital systems, private equity-backed entities and professional practices on transactional matters and regulatory compliance.

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Series

Isshin-Ryu Karate Makes Me A Better Lawyer

My involvement in martial arts, specifically Isshin-ryu, which has principles rooted in the eight codes of karate, has been one of the most foundational in the development of my personality, and particularly my approach to challenges — including in my practice of law, says Kaitlyn Stone at Barnes & Thornburg.

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California Is Latest Battleground In Defining Access To Justice

By Brandon Lowrey

A pair of dueling California ballot initiatives both purport to increase consumers' access to justice — a righteous cause, most would say. If only the initiatives' backers agreed on what that means.

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Adams & Reese Sued For Malpractice Over $411M Injury Loss

By Lynn LaRowe

A scaffolding company has hit Adams & Reese LLP with a legal malpractice suit in Texas state court that accuses the firm of botching its defense in a Louisiana workplace injury case, leading to a roughly $411 million jury verdict and ultimately forcing the business to settle the matter for millions.

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Up Next At High Court: SEC And FCC Enforcement Authority

By Katie Buehler

The U.S. Supreme Court's final argument session of this term kicks off Monday, when the justices will consider the U.S. Securities and Exchange Commission's authority to seek disgorgement orders against alleged wrongdoers without proving investors were harmed. Here, Law360 breaks down the week's oral arguments.

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Polsinelli Sent Bogus Infringement Letters, Suits Say

By Elliot Weld

National law firm Polsinelli PC was accused of sending letters to two medical device companies with meritless claims of patent infringement, the companies claimed in a pair of malpractice suits.

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Another Record-Breaking Year For NY Lobbying: Watchdog

By Andrea Keckley

The amount of money spent on lobbying in New York state reached a new high — again — in 2025 despite lower dollar amounts from that year's top spenders, a state ethics and lobbying watchdog said Thursday.

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NY High Court Suspends Judge Over Racist Remarks

By Elizabeth Daley

A veteran judge who used the N-word among colleagues and claimed in court that a Black defendant was likely to be violent and "played the race card" has been suspended without pay by New York's highest court.

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Roundup

Balancing The Scales: Juror Bias, First For Revenge Porn Law

By Orlando Lorenzo

The California Supreme Court tossed the conviction and death sentence in a double slaying over the trial court's failures to investigate claims of juror bias, and an Ohio man is believed to be the first person in the nation convicted under a federal law intended to battle revenge porn.

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Alaska-Hawaiian Merger Judge Mulls DQ Over O'Melveny Ties

By Craig Clough

The parties in a consumer lawsuit challenging Alaska Airlines' 2024 acquisition of Hawaiian Airlines have been notified that the federal judge recently assigned to the case intends to disqualify himself unless they sign a waiver over one of his retirement accounts being tied to O'Melveny & Myers LLP, which is representing Alaska Airlines.

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Nussbaum-Linked Law Firms Hit Ch. 11 Facing Scheme Suits

By Vince Sullivan

Two commercial real estate law firms headed by Mark J. Nussbaum filed for Chapter 11 protection in New York, listing at least $353 million in disputed unsecured claims tied to the firms' hard money lending practices that have been described in litigation as a Ponzi scheme.

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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 Aston Martin file an appeal in a row with Chinese carmaker Geely over its winged logo for London black cabs, Ineos sue Ben Ainslie's America's Cup team for a £180 million ($244 million) boat, White & Case face a claim from two energy storage companies, and a golf tour company bring a claim against Saudi Arabia's sovereign wealth fund after the fund invested in its rival.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

New data found that some companies are being wary during the 2026 proxy season by negotiating deals behind closed doors rather than allowing shareholders to vote on issues. In the meantime, a report showed that the higher annual rate growth for outside counsel fees that began in 2022 has become the new normal. These are some of the stories in corporate legal news you may have missed in the past week.

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Law360's Legal Lions Of The Week

By Kevin Penton

Winston & Strawn LLP leads this week's edition of Law360 Legal Lions, after a New York federal jury found that Live Nation and its Ticketmaster subsidiary harmed competition in the live entertainment sector by willfully monopolizing ticketing services.

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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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