Defense dealmaking is showing signs of broadening in 2026, with government-backed investment and expanded participation from smaller technology-focused players accelerating transactions even as headline deal values moderate from last year's highs.
Law360
Private Equity
MONDAY, MAY 18, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Analysis

How US Policy, Capital Flows Are Reshaping Defense M&A

By Al Barbarino

Defense dealmaking is showing signs of broadening in 2026, with government-backed investment and expanded participation from smaller technology-focused players accelerating transactions even as headline deal values moderate from last year's highs.

Read full article » | Save to favorites »

Analysis

4 Key Takeaways From SEC's Semiannual Reporting Proposal

By Jessica Corso

The U.S. Securities and Exchange Commission recently put forth a plan that could allow publicly traded companies to move from a quarterly to a semiannual reporting schedule, but whether they choose to do so and how that could impact both the growth of the public markets and insider-trading plans for corporate leaders remains up for debate.

Read full article » | Save to favorites »

Cerebras' Mega IPO Boosts Confidence In AI Pipeline

By Jade Martinez-Pogue

Artificial intelligence computing company Cerebras Systems Inc.'s blockbuster debut was well received by deals attorneys who track the pipeline for initial public offerings, with lawyers saying the upsized $5.6 billion IPO is a sign that investor confidence in the AI sector is growing. 

Read full article » | Save to favorites »

Metal Card Maker Sued Over $5B Deal, Nevada Move From Del.

By Jarek Rutz

A stockholder of the company behind premium metal credit cards has sued in Delaware Chancery Court claiming that a group of investor-directors turned the once-focused card manufacturer into a vehicle for extracting management fees and then tried to move the company to Nevada as litigation pressure mounted.

Complaint attached | Read full article » | Save to favorites »

LITIGATION

Turkish Fintech Exec Cops To Duping Venture Capital Backers

By Pete Brush

A fintech executive from Turkey copped to a count of securities fraud Friday, telling a Manhattan federal judge that she lied to seed-round investors who backed her Kalder Inc. startup and agreeing to forfeit about $7 million.

2 documents attached | Read full article » | Save to favorites »

Citron Founder Phoned Fed. Agent During FBI Raid, Jury Told

By Craig Clough

An inspector with the U.S. Postal Service told a California federal jury considering securities fraud charges against Citron Research founder Andrew Left on Friday that even as she participated in the FBI's raid of his home, Left called her and spoke at length about the allegations against him for over an hour. 

Read full article » | Save to favorites »

DEALS & FINANCING

Roundup

Taxation With Representation: Cassels, Ropes & Gray

By Zak Kostro

In this week's Taxation With Representation, Equinox Gold Corp. and Orla Mining Ltd. announce a merger to create a major gold producer, OpenAI plans to form a company to boost adoption of its software across enterprises and private equity firm Apollo acquires trade show operators Emerald Holding and Questex.

Read full article » | Save to favorites »

PEOPLE

Proskauer Welcomes 2 New Partners To NY Office

By Andrea Keckley

Proskauer Rose LLP announced this week that it has added two partners to its New York office — a restructuring attorney who joins from Davis Polk & Wardwell LLP and a private funds attorney who comes from advisory-focused investment bank PJT Partners.

Read full article » | Save to favorites »

EXPERT ANALYSIS

3 AI Adoption Mistakes GCs Should Avoid

The pressure in-house legal teams face to quickly adopt artificial intelligence tools, combined with budget constraints and the need to evaluate a crowded market of options, sets the stage for implementation mistakes that are often difficult to undo, says former 23andMe general counsel Guy Chayoun.

Read full article » | Save to favorites »

LEGAL INDUSTRY

ABA Section Votes To Scrap Law School DEI Standards

By Emma Cueto

The American Bar Association's legal education section on Friday voted to eliminate its requirements that law schools show a commitment to diversity in their student body in order to remain accredited, a policy that has been under fire since a 2023 U.S. Supreme Court ruling striking down affirmative action in higher education.

Read full article » | Save to favorites »

Fed. Circ. Drops A Theme Song, Talks Guest Judges

By Dani Kass

The Federal Circuit's full lineup came together Friday to provide practitioners with insight about their experience sitting on other courts, in a conference where the chief judge dropped the court's first (and only) single.

5 documents attached | Read full article » | Save to favorites »

Alston & Bird, Banks Sued Again Over $328M Goliath Scam

By Jack Karp

Another proposed class of investors sued Alston & Bird LLP and a trio of financial institutions Friday over their alleged roles in a $328 million cryptocurrency scam orchestrated by Goliath Ventures Inc.

Complaint attached | Read full article » | Save to favorites »

Fed. Circ. Urges Justices To Reject Newman Suspension Case

By Ryan Davis

The Federal Circuit has urged the U.S. Supreme Court not to hear Judge Pauline Newman's appeal targeting a suspension imposed on her by the court's other judges, arguing that a lower court correctly held that her challenges to the order are not subject to judicial review.

Brief attached | Read full article » | Save to favorites »

Law360's Legal Lions Of The Week

By Kevin Penton

Pillsbury Winthrop Shaw Pittman LLP and Haynes Boone lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court ruled that federal courts that have sent disputes to arbitration have jurisdiction to confirm or vacate subsequent awards.

Read full article » | Save to favorites »

Brief

Colorado Passes Bill Banning Fee Sharing With Nonlawyers

By Emily Sawicki

The Colorado Legislature has approved a bill to bar attorneys and law firms operating in the state from sharing fees and revenue with non-attorney-owned firms, known as alternative business structure firms, making Colorado the latest state to tamp down the practice.

Read full article » | Save to favorites »

Girardi Trial Judge Josephine Staton To Take Senior Status

By Ryan Boysen

The California federal judge who sentenced disgraced trial attorney Tom Girardi to prison for wire fraud last year has announced that she'll be taking senior status in the fall, allowing President Donald Trump to appoint her successor.

Read full article » | Save to favorites »

Roundup

Balancing The Scales: Justices To Revisit Sentencing Rules

By Orlando Lorenzo

The U.S. Supreme Court will take a closer look at a circuit split over the deference that should be allotted to U.S. Sentencing Commission commentary, and a man convicted in the killing of an infant has been released after 27 years served over evidence that points to pneumonia as the likely cause of death.

Read full article » | Save to favorites »

Atty Tied To Trump Pardon Headed For August Extortion Trial

By Stewart Bishop

A New York federal judge on Friday set an August trial date for a South Carolina attorney and lobbyist on extortion charges tied to his work as a purported go-between for people with serious legal troubles seeking clemency from President Donald Trump.

Read full article » | Save to favorites »

Roundup

UK Litigation Roundup: Here's What You Missed In London

By Megan Norcott

The past week in London has seen singer Rita Ora be sued by her management company, the billionaire Gertner brothers file a part 8 claim and Stephenson Harwood lodge a debt claim against a member of the Bulgari jewelry dynasty. Here, Law360 looks at these and other new claims in the U.K.

Read full article » | Save to favorites »

Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

PayPal settled with the DOJ to end a probe into what the government agency said was a discriminatory investment program for Black- and minority-owned businesses. Meanwhile, Meta's global head of legal operations during a panel discussion predicted that the billable hour will be the exception — not the rule — in five years. These are among the stories in corporate legal news you may have missed in the past week.

Read full article » | Save to favorites »

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.

Read full article » | Save to favorites »

Promo that reads Law360 Pulse 2026 AI Survey

COMPANIES IN TODAY'S NEWS

23andMe Inc.

AB Electrolux

AXA SA

Amazon.com Inc.

American Bar Association

American Civil Liberties Union

American Express Co.

Anthropic PBC

Apple Inc.

Avon Products Inc.

BMS Group

BSH Hausgeräte GmbH

Bank of America Corp.

Beyond Meat Inc.

Boston Scientific Corp.

British American Tobacco PLC

British Broadcasting Corp.

Britvic PLC

Bulgari SpA

C.H. Robinson Worldwide Inc.

Cemex, S.A.B. de C.V.

Coinbase Global Inc.

Consumer Federation of America

Corporate Legal Operations Consortium

Dealogic LLC

Debenhams PLC

Earthjustice

Ethiopian Airlines Enterprise

Google LLC

HSBC Holdings PLC

InCloud LLC

Integer Holdings Corp.

International Business Machines Corp.

Investments Ltd.

JPMorgan Chase & Co.

L3Harris Technologies Inc.

LinkedIn Corp.

LionTree LLC

Managed Funds Association

Marubeni

MasterCard Inc.

Mediterranean Shipping Co. SA

Medtronic PLC

Meta Platforms Inc.

Microsoft Corp.

MidOcean Partners LLP

NVIDIA Corp.

Nasdaq Inc.

Natura Cosmeticos SA

New Civil Liberties Alliance

New York University

Nippon Life Insurance Company of America

OpenAI OpCo LLC

PG&E Corp.

Paypal Holdings Inc.

Pilgrim's Pride Corp.

Pindrop Security Inc.

Public Co. Accounting Oversight Board

ROC Nation LLC

Reddit Inc.

Renaissance Capital

Resolute Management Inc.

Rivian Automotive LLC

Samsung Electronics Co. Ltd.

South Carolina Bar

Southeastern University

Space Exploration Technologies Corp.

Suncor Energy Inc.

Tesla Inc.

The Goldman Sachs Group Inc.

The Goodyear Tire & Rubber Co.

Thryv Inc.

Tokio Marine & Nichido Fire Insurance Co. Ltd.

TripAdvisor Inc.

Twitter Inc.

Virgin Orbit LLC

Visa Europe

Wells Fargo & Co.

LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Alston & Bird

ArentFox Schiff

Ashfords LLP

BPE Solicitors

Baker McKenzie

Bleichmar Fonti

Brabners LLP

Bracewell LLP

Brown & Crouppen

Bryan Cave Leighton Paisner

Cassels Brock

Cleary Gottlieb

Clement & Murphy

Clyde & Co

Covington & Burling

Cripps LLP

DLA Piper

DWF LLP

Davis Polk

Dynamis LLP

Edwin Coe

Foot Anstey

Freshfields

Gibson Dunn

Girard Sharp

Goodwin Procter

Greenberg Traurig

Gunderson Dettmer

Harrison Goddard Foote

Haynes Boone

Hill Dickinson

Hogan Lovells

Holland & Knight

Joseph Hage

Katten Muchin

Kennedys Law LLP

King & Spalding

Kingsley Napley

Kirkland & Ellis

Kline & Specter

Latham & Watkins

Leigh Day

Levi & Korsinsky

Levine Kellogg

Linklaters LLP

Meister Seelig & Schuster

Mishcon de Reya

MoloLamken

Morgan Lewis

Moritt Hock

Morrison & Foerster

Morrison Cohen

Paul Weiss

Penningtons Manches

Pillsbury Winthrop

Power Rogers

Proskauer Rose

Quarles & Brady

Quinn Emanuel

Reynolds Porter

Ropes & Gray

Setfords Solicitors

Shoosmiths LLP

Sichenzia Ross

Sidley Austin

Skadden Arps

Stephenson Harwood

Umhofer Mitchell

Venable LLP

Wachtell Lipton

Walker Morris LLP

Weil Gotshal

GOVERNMENT AGENCIES IN TODAY'S NEWS

Colorado Supreme Court

Committee on Foreign Investment in the United States

Companies House

Competition Appeal Tribunal

Delaware Court of Chancery

Department for Business, Energy and Industrial Strategy

Equal Employment Opportunity Commission

Federal Bureau of Investigation

Financial Conduct Authority

Georgia Supreme Court

International Trade Commission

Massachusetts Supreme Judicial Court

National Labor Relations Board

Patent Trial and Appeal Board

Pennsylvania Supreme Court

Small Business Administration

U.S. Attorney's Office

U.S. Attorney's Office for the Central District of California

U.S. Attorney's Office for the Eastern District of New York

U.S. Attorney's Office for the Southern District of New York

U.S. Bankruptcy Court for the District of Delaware

U.S. Department of Defense

U.S. Department of Education

U.S. Department of Justice

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the Central District of California

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

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

U.S. District Court for the Northern District of Illinois

U.S. District Court for the Southern District of Florida

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

U.S. Environmental Protection Agency

U.S. Immigration and Customs Enforcement

U.S. Merit Systems Protection Board

U.S. Patent and Trademark Office

U.S. Postal Service

U.S. Securities and Exchange Commission

U.S. Sentencing Commission

U.S. Supreme Court

UK High Court

UK Intellectual Property Office (IPO)

US Office of Management and Budget

United States District Court for the Northern District of West Virginia

Yurok Tribe