Self-Driving Car Biz Waabi Secures $750M In New Funding

By Jade Martinez-Pogue

Self-driving automobile tech company Waabi on Wednesday announced that it secured $750 million of new funding and unveiled a partnership with Uber that will be used to develop and deploy robotaxis.

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Ropes-Led EAM Clinches 2nd Fund With $575M In Tow

By Jade Martinez-Pogue

Ropes & Gray LLP-advised private equity shop Equality Asset Management announced Wednesday that it wrapped its second fund with $575 million in investor commitments.

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BlackRock, Eclipse Lead Cellares' $257M Funding Round

By Jade Martinez-Pogue

Integrated development and manufacturing organization company Cellares, which focuses on the large-scale manufacturing of cell therapies, on Wednesday announced that it closed a $257 million funding round, bringing the South San Francisco, California-based company's total capital raised to $612 million.

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Ropes Leads Kraken-Linked SPAC's Upsized $300M Listing

By Aislinn Keely

Krakacquisition, a blank check company that counts crypto exchange Kraken among its backers, began trading on Wednesday after pricing an upsized $300 million initial public offering steered by Ropes & Gray LLP and underwriter counsel Allen Overy Shearman Sterling US LLP.

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Law360 Seeks Members For Its 2026 Editorial Boards

Law360 is looking for avid readers of our publications to serve as members of our 2026 editorial advisory boards.

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Del. Justices Told ERISA, Legal Fee Tangle Unprecedented

By Jeff Montgomery

An attorney for a distressed credit fund told Delaware's Supreme Court justices on Wednesday that a vice chancellor made an unprecedented finding last year that provisions of the nation's employee retirement income law barred entitlement to legal fee advancement in a state contract case, urging the justices to overturn the ruling.

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Tyson Cuts $48M Deal To End More Pork Price-Fixing Claims

By Dorothy Atkins

Commercial and institutional indirect pork purchasers have urged a Minnesota federal judge to preliminarily approve Tyson Foods Inc.'s $48 million deal to resolve antitrust claims over allegedly inflated pork prices, noting that it's the certified class's sixth settlement, bringing the class's total recovery to $114 million as the years-long litigation nears trial.  

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Asset Co. Slams Conn. Insurance Chief's Plan For Liquidation

By Hope Patti

An asset management company asked a Connecticut state court for permission to intervene in the insurance commissioner's rehabilitation of struggling insurer PHL Variable Insurance Co., saying the commissioner's "surprise" plan to pursue liquidation will be disastrous for universal life policyholders that are over a $300,000 cap on death benefits.

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Series

Judges On AI: How Judicial Use Informs Guardrails

U.S. Magistrate Judge Maritza Dominguez Braswell at the U.S. District Court for the District of Colorado discusses why having a sense of how generative AI tools behave, where they add value, where they introduce risk and how they are reshaping the practice of law is key for today's judges.

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ICE Violated Nearly 100 Court Orders, Minn. Judge Says

By Rae Ann Varona

The Minnesota federal court's chief judge admonished U.S. Immigration and Customs Enforcement on Wednesday for violating nearly 100 court orders concerning the Trump administration's immigration enforcement operations in Minnesota while another judge, on the same day, temporarily blocked ICE from unlawfully arresting and detaining refugees in the North Star State.

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Tobey Maguire Says He Rerouted Fee To Goldstein

By Jared Foretek

"Spider-Man" star Tobey Maguire told the jury Wednesday in Thomas Goldstein's tax fraud trial that he paid $500,000 for his legal services to another poker player the former SCOTUSblog founder owed money to, rather than Goldstein's law firm.

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Tom Goldstein Saga Could Go From Courtroom To Big Screen

By Rachel Rippetoe

As federal prosecutors are two weeks into detailing SCOTUSblog founder Thomas Goldstein's storied descent into the world of high-stakes poker during his tax fraud trial in Maryland, Hollywood producers are gearing up to tell the same story on-screen.

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Fla. Prosecutors' Detention Defense Met With Sanction Threat

By Adrian Cruz

The U.S. attorney for the Middle District of Florida, Gregory Kehoe, along with an assistant U.S. attorney have been threatened with sanctions by a federal judge for the methods their office used in defending the mandatory detention of noncitizens.

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Brief

Trump Announces Pick For New Assistant AG For Fraud Role

By Courtney Bublé

President Donald Trump announced Wednesday evening that he would be nominating Colin McDonald, associate deputy attorney general, for the newly created assistant attorney general for fraud role.

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USPTO Seeks 'Serious Sanctions' For Chinese Co.'s 19K Apps

By Rae Ann Varona

The U.S. Patent and Trademark Office says the "most serious sanctions" are warranted against a China-based company for filing more than 19,000 trademark submissions using names of U.S.-licensed attorneys who did not review the applications, saying submissions were at times filed in 3-minute intervals "or less."

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Prosecutors Form New Group To Fight Federal Overreach

By Ryan Boysen

Several progressive prosecutors have launched a new group to hold accountable federal officials who "exceed their lawful authority," amid a growing backlash to the Trump administration's immigration crackdown and the recent killing of two protesters by immigration agents in Minneapolis.

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Analysis

Trade Secret Filings Hit Record High In 2025, Report Finds

By Ivan Moreno

Trade secret litigation reached an all-time high in 2025, with more than 1,500 federal cases filed for the first time ever, according to a new report by legal analytics firm Lex Machina, which also highlights trends about damages, the busiest courts and the law firms most frequently involved.

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