Lawmakers Raise Alarm Over PE-Backed DOD Contractors

By Madeline Lyskawa

Three Democratic lawmakers wrote to Secretary of Defense Pete Hegseth expressing concern over the Pentagon's growing reliance on private equity-backed defense contractors, which they said could pose risks to taxpayers and national security.

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Chancery Tosses Insider Financing Suit Against Ayala Brass

By Jarek Rutz

The Delaware Chancery Court has dismissed a stockholder derivative suit against several venture capital investors and directors of biotechnology company Ayala Pharmaceuticals Inc., ruling that the plaintiff failed to show the board could not independently evaluate litigation over a disputed 2023 financing deal.

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McDermott-Led Ampersand Clinches $1.5B Fund

By Jade Martinez-Pogue

Healthcare-focused private equity firm Ampersand Capital Partners, advised by McDermott Will & Schulte, on Thursday revealed that it closed its latest fund with $1.5 billion.

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3 Firms Guide Rental Property Software Co. Entrata's IPO Plan

By Nate Beck

Rental property management software company Entrata filed for an initial public offering on Thursday with advice from Wilson Sonsini Goodrich & Rosati PC, Latham & Watkins LLP and Ropes & Gray LLP, saying its revenue grew 23% in the first three months of 2026 compared to the same period last year.

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Stoneshield Wraps €1.5B Opportunities Fund

By Jade Martinez-Pogue

European investment firm Stoneshield Capital on Thursday revealed that it closed its fourth opportunities fund after securing €1.5 billion ($1.75 billion) in total capital commitments.

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HVAC Biz Valued At $10B After Apollo Backing, More Rumors

By Jade Martinez-Pogue

Private equity giant Apollo took a stake in home services company Apex Service Partners to value it at $10 billion, chipmaker Groq Inc. is hoping to raise $650 million to launch a new company focused on artificial intelligence "neoclouds," and semiconductor company Qualcomm inked a supply deal with TikTok owner ByteDance. Here, Law360 breaks down the notable deal rumors from the past week.

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European Legal AI Startup Nu:legal Raises €1.3M

By Matt Perez

Legal artificial intelligence startup nu:legal has raised €1.3 million ($1.5 million) to develop software that mixes the capabilities of a chatbot with attorney oversight, beginning in the employment law and data privacy fields.

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How SEC, CFTC Proposal Would Ease Private Fund Reporting

While the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission’s recent proposal to streamline and lighten certain confidential reporting requirements could bring welcome changes for many private fund advisers, sponsors should consider important nuances of its potential impact, say attorneys at Simpson Thacher.

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Finding Borrower Risk In The Private Credit Covenant Mix

Amid rising caution over private credit defaults, investors and their counsel can gain key insights about borrower risk from the particular combination of financial metrics included in a loan's covenants, not just the number of covenants, say Christopher Armstrong at Stanford University, and Carlo Gallimberti and David Tsui at Analysis Group.

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Musk-OpenAI Verdict Shows Value Of Early-Stage Governance

A California federal court's ruling last week in Musk v. Altman preserves the status quo at OpenAI, but signals to the technology industry at large that courts will not relitigate the governance decisions of early-stage organizations on a founder's competitive timetable, surfacing questions that will outlast the litigation, says attorney Alan N. Walter.

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Series

Studying Foreign Languages Makes Me A Better Lawyer

Studying Italian and Japanese has shown me that learning a new language can benefit a legal career in several ways, including by demonstrating the importance of approaching problems from a fresh perspective and the value of practicing patience with colleagues and clients, says Anna King at Genworth Financial.

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Florida High Court Adopts AI Policy For Lawyers

By Madison Arnold

The Florida Supreme Court on Thursday amended the state's rules to require those filing court documents to check any artificial intelligence-generated content for accuracy, and allow for sanctions if the content contains errors.

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Goldstein Says Bad Jury Instructions Warrant New Trial

By Jared Foretek

SCOTUSblog founder Tom Goldstein said that the prosecutors who convicted him on 12 tax and mortgage fraud charges in February are now contradicting arguments they made at the end of his trial in their attempt to deny him a bench acquittal or new trial.

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King & Spalding Blocked From Exiting $300M Fraud Lawsuit

By Brian Steele

King & Spalding LLP and Lennon Murphy & Phillips LLC can't withdraw from representing clients in consolidated litigation over an alleged $300 million stock swindle, a Connecticut state court judge has ruled, saying the firms' motions ahead of a June trial lack good cause.

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Fla. Court Refers Atty To Bar Over Bogus Case Citations

By Madison Arnold

A Florida state appeals court has referred an appellant's attorney to the state's bar for disciplinary proceedings after filing a petition that appears to be generated by artificial intelligence and "raises frivolous arguments, misstates the law, and cites non-existent case law."

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Parents Demand 'Bad Faith' Sanctions In Camp Mystic Case

By Lynn LaRowe

Camp Mystic in Texas' Hill Country should be sanctioned over "bad faith" conduct in litigation over flooding deaths last summer, including purported misrepresentations to courts and regulators and an alleged remark by one of its attorneys to a plaintiffs' lawyer that he would "burn in hell," a state court has been told.

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Trump Considers Tech Entrepreneur For DOJ Grants Post

By Courtney Bublé

President Donald Trump appears poised to nominate a real estate attorney turned tech entrepreneur for a top U.S. Department of Justice post that oversees grants and criminal justice programs.

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Dem Sens. Ask DOJ To Preserve Trump-IRS Settlement Docs

By Jack McLoone

Two Democratic Senate leaders asked the U.S. Department of Justice to preserve any records related to the settlement of President Donald Trump's suit against the IRS in a letter published Thursday, signaling that further investigations may be coming.

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Roundup

Injury Law Roundup: Freight Brokers, Uber Lose Key Cases

By Y. Peter Kang

The U.S. Supreme Court's green light of negligent hiring claims against freight brokers in highway crash cases and an adverse verdict against Uber in the sexual assault multidistrict litigation lead Law360's Injury Law Roundup.

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Ex-Fla. Chief Justice Fred Lewis Dies At 78

By Carolina Bolado

Former Florida Chief Justice R. Fred Lewis, who spent two decades on the bench of the Florida Supreme Court, has died at 78, the court announced Thursday.

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Titan Of The Plaintiffs Bar: Gupta Wessler's Deepak Gupta

By Daniel Moritz-Rabson

In the decade and a half since starting his own firm, Deepak Gupta has argued seven cases before the U.S. Supreme Court, has won matters in state high courts from coast to coast, and has become a mainstay in federal appellate courts while building his plaintiff-side litigation boutique into a sought-after juggernaut.

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