Menlo Park, California-based venture capital firm Menlo Ventures, led by Cooley LLP, on Tuesday revealed that it has raised $3 billion in new capital to invest in artificial intelligence companies at every stage of the life cycle.
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WEDNESDAY, JUNE 24, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Menlo Ventures Raises $3B To Back AI Companies

By Jade Martinez-Pogue

Menlo Park, California-based venture capital firm Menlo Ventures, led by Cooley LLP, on Tuesday revealed that it has raised $3 billion in new capital to invest in artificial intelligence companies at every stage of the life cycle.

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Energy Fuels, VAC Ink $1.9B Magnet Deal Steered By 4 Firms

By Al Barbarino

Energy Fuels Inc. said Tuesday that it has agreed to acquire Vacuumschmelze GmbH & Co. KG and Ara VAC TopCo US LLC, collectively known as VAC, from Ara Partners for about $1.9 billion in cash and stock. 

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Hedge Fund To Pay Avis $650M In Short-Swing Profit Fight

By Dorothy Atkins

Pentwater Capital Management has agreed to pay Avis Budget $650 million to resolve allegations that the Naples, Florida-based hedge fund violated the Securities Exchange Act's short-swing profits rule by quickly loading up on shares and cash swaps and then dumping shares at the height of a short squeeze.

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Vimeo Owner Bending Spoons Launches Plans For $1.6B IPO

By Jade Martinez-Pogue

Italian mobile app developer Bending Spoons has unveiled terms for an estimated $1.6 billion initial public offering steered by Latham & Watkins LLP and Milbank LLP.

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KKR Unit Unveils Univ. Of Tennessee Mixed-Use Project

By Isaac Monterose

Private equity firm Arctos Partners LP, a KKR unit, and its partners are working with the University of Tennessee, Knoxville on a mixed-use development that will include a private club, homes, a 24-story hotel and an entertainment area spanning 100,000 square feet, the companies announced Tuesday.

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POLICY & REGULATION

Landmark Housing Bill Heads To Trump After House Vote

By Lauren Berg

The U.S. House of Representatives on Tuesday overwhelmingly passed an amended version of landmark housing legislation focused on expanding housing supply and lowering housing costs with a 358-32 vote, putting it on the track to President Donald Trump's desk.

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Feds' Capital Revamp Has A Dodd-Frank Problem, Critics Say

By Jon Hill

Big banks are broadly pleased with a draft capital-rule overhaul that federal regulators project would deliver the biggest capital relief in a generation, but critics say it rests on shaky legal ground that the banking agencies have "astoundingly" ignored.

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LITIGATION

Stock Bought Too Late For Breakup Fee Suit, Judge Says

By Katryna Perera

A New York federal judge has dismissed an investor suit claiming that the top brass of the sponsor of a blank check company unfairly claimed a $29 million settlement despite missing a deadline to merge with another company, finding that the investor purchased shares after the breakup fee of the failed merger was disclosed.

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FDIC Is Sole Owner Of SVB's $73M Fraud Coverage Claim

By Hope Patti

The Federal Deposit Insurance Corp., as receiver for Silicon Valley Bank after its collapse in 2023, is the sole owner of the bank's claim for coverage of a $73 million fraudulent scheme and is entitled to recover proceeds for losses the bank suffered, a North Carolina federal court ruled.

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PEOPLE

Clifford Chance Adds Ex-V&E Debt Finance Atty In Houston

By Matt Perez

Clifford Chance LLP announced on Monday the hiring of a former Vinson & Elkins LLP attorney as a finance and derivatives partner in its Houston office.

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EXPERT ANALYSIS

Drawing A Line Between Settlement Pressure And Extortion

U.S. v. Luo, pending in the U.S. District Court for the Southern District of New York, may force courts to address anew when settlement negotiations become criminal extortion, particularly in the age of easily fabricated digital evidence, says attorney Denis Kiely.

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LEGAL INDUSTRY

The 2026 Lawyer Satisfaction Survey

Lawyers are generally happy being lawyers, but nonequity partners and associates told Law360 Pulse that several aspects of their job leave them feeling dissatisfied. Explore our analysis of these and other findings in the 2026 Law360 Lawyer Satisfaction survey.

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Bonus Spotlight

Axinn Giving $25K Bonuses As Glenn Agre Matches Milbank

By Tracey Read

Glenn Agre Bergman & Fuentes LLP will match the Milbank LLP base pay scale for associates, while Axinn Veltrop & Harkrider LLP — which was already paying above-market salaries — will hand out special summer bonuses of up to $25,000, the boutiques told Law360 Pulse Tuesday.

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LA Superior Court Gains Prominence With 'Nuclear' Verdicts

By Daniel Moritz-Rabson

Los Angeles County Superior Court was among the country's top sites for awarding big civil damages in recent years, according to a Lex Machina report.

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NC Becomes First State To Ban Outside Funding Of Civil Suits

By Hayley Fowler

North Carolina has become the first state in the country to ban outside investors from funding civil litigation, after Democratic Gov. Josh Stein signed into law a bill that outlaws third parties from footing the bill for civil suits in exchange for a cut of the payout at the finish line.

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Calif. Judge Restores Immigration Courthouse Arrest Limits

By Hailey Konnath

A California federal judge Tuesday vacated the Trump administration's policies on civil arrests at immigration courthouses, restoring limits on those arrests and finding that the government didn't adequately explain its policy shift.

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NY Rule Rewrite Drops 30-Day Pause For Atty Soliciting

By Emily Sawicki

New York's Appellate Division has adopted new rules of professional conduct on attorney advertising and solicitation, deleting a ban on soliciting clients less than 30 days after an incident.

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Judicial Noms Still Say Biden Won In 2020 — Technically

By Courtney Bublé

A group of judicial nominees, who earlier this month were the first of the Trump administration's nominees to say President Joe Biden won the 2020 election, reiterated in follow-up statements that Biden won the election "as a matter of law" — doubling down on what critics say is an equivocation on the election's outcome.

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Judge Who Denied Goldstein Retrial Says It Wasn't Close Case

By Rachel Rippetoe

A Maryland federal judge has elaborated on her decision to deny SCOTUSblog founder Tom Goldstein's bid for an acquittal or new trial, saying that the evidence presented at trial either supersedes or invalidates his claims of issues with jury instructions and insufficient or excluded evidence.

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Texas Judge Tosses Buzbee Firm's Jay-Z Conspiracy Suits

By Spencer Brewer

A Texas state court has handed a win to Quinn Emanuel Urquhart & Sullivan LLP and a Mississippi law firm, which sought dismissal of claims that they conspired with Shawn "Jay-Z" Carter to retaliate against Houston personal injury firm The Buzbee Law Firm and two of its former clients.

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Ex-AT&T Counsel Charged Over Disclosing Privileged Info

By Sue Reisinger

A former in-house attorney for AT&T, accused of leaking privileged information to opposing counsel while seeking a share of financial gains from a lawsuit filed 18 years ago against the company, has been charged with violating attorney professional conduct rules.

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Judge Allows Brazil To Join Trump Suit Against Justice

By Carolina Bolado

A Florida federal judge on Tuesday allowed Brazil to intervene in a suit by President Donald Trump's media company and online video-sharing platform Rumble Inc. against a Brazilian Supreme Federal Court justice's gag orders but deferred ruling on Brazil's motion to dismiss the suit.

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COMPANIES IN TODAY'S NEWS

AOL

AT&T Inc.

Ahern Rentals Inc.

American Bankers Association

American Bar Association

American Tort Reform Association

Anthropic PBC

Ara Partners

Avis Budget Group Inc.

Baillie Gifford & Co.

Bank Policy Institute

Bank of America Corp.

Brightcove Inc.

Citigroup Inc.

Claremont McKenna College

Conference of State Bank Supervisors

Durable Capital Partners LP

Eventbrite Inc.

Financial Services Forum

Fordham University

Fortress Investment Group LLC

Gawker Media LLC

Google LLC

Independent Community Bankers of America

JPMorgan Chase & Co.

Johnson & Johnson

Lex Machina Inc.

LexisNexis Legal & Professional

LinkedIn Corp.

Magellan Development Group LLC

Menlo Ventures

Meta Platforms Inc.

Milwaukee Bucks

Morgan Stanley

Nabors Industries Ltd.

Nasdaq Inc.

National Center for Missing & Exploited Children

New York State Bar Association

Nike Inc.

North Carolina Justice Center

Pennzoil

Pentwater Capital Management LP

RELX PLC

ROC Nation LLC

SRS Investment Management LLC

Starbucks Corp.

The District of Columbia Bar

The Goldman Sachs Group Inc.

The New York Times Co.

Twitter Inc.

Vimeo Inc.

LAW FIRMS IN TODAY'S NEWS

Axinn Veltrop

Boies Schiller

Bradley Arant

Buzbee Law Firm

Clifford Chance

Coblentz Patch

Cooley LLP

DLA Piper

Dentons

Dordick Law

Dorsey & Whitney

Faegre Drinker

Foley Hoag

Gibson Dunn

Glenn Agre

Greenberg Gross

HSF Kramer

Jones Day

Kasowitz LLP

Kirkland & Ellis

Latham & Watkins

MJ Legal PA

Milbank LLP

Morris Kandinov

Munger Tolles

O'Melveny & Myers

Parris Law Firm

Parry Law PLLC

Quinn Emanuel

Vinson & Elkins

White & Case

Winston Taylor

GOVERNMENT AGENCIES IN TODAY'S NEWS

Executive Office for Immigration Review

Federal Bureau of Investigation

Federal Communications Commission

Federal Deposit Insurance Corp.

Federal Reserve System

Internal Revenue Service

New York State Unified Court System

North Carolina General Assembly

Office of the Comptroller of the Currency

U.S. Attorney's Office

U.S. Attorney's Office for the District of Maryland

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

U.S. Court of Appeals for the Second Circuit

U.S. Department of Homeland Security

U.S. Department of Justice

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

U.S. District Court for the District of Maryland

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

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

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

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

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

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

U.S. Government Accountability Office

U.S. House of Representatives

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Senate