SEC Pressed To Curtail Hedge Fund, VC Reporting Rules

By Jessica Corso

Venture capital firm Andreessen Horowitz and Ropes & Gray LLP are urging the U.S. Securities and Exchange Commission to rewrite the definition of "hedge fund" before putting into place proposed regulations on what those funds have to disclose about their holdings.

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

Latham, Willkie Lead $2.5B Agility Robotics SPAC Merger

By Al Barbarino

Agility Robotics said Wednesday it has agreed to go public through a merger with special purpose acquisition company Churchill Capital Corp XI, with Latham & Watkins LLP advising Agility and Willkie Farr & Gallagher LLP representing the SPAC on a deal valuing the humanoid robotics company at $2.5 billion.

Read full article » | Save to favorites »

Cleary-Led Korean Tech Giant SK Hynix Targets $29B US IPO

By Jade Martinez-Pogue

South Korea-based flash memory chipmaker SK Hynix on Wednesday filed plans with U.S. regulators for an initial public offering that could raise up to $29.4 billion.

Read full article » | Save to favorites »

Chancery Denies Stay In Revived Noncompete Case

By Jarek Rutz

The Delaware Chancery Court on Wednesday refused to pause a revived restrictive covenant lawsuit against a former fire safety products company executive while related litigation proceeds in New York, concluding the parties should proceed with briefing unresolved dismissal issues that have been pending since the case returned from the Delaware Supreme Court.

Read full article » | Save to favorites »

Investment Fund Hit With Class Action For Claimed $60M Loss

By Abigail Harrison

Lack of oversight and transparency within a private investment fund resulted in the purported loss of nearly $60 million after a board member is said to have siphoned the money away, according to a putative class action filed in the North Carolina Business Court.

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

Split 2nd Circ. Denies Bail To NYPD Bribery Case Cooperator

By Parker Quinlan

A split Second Circuit panel has denied bail for a man once described by prosecutors as "one of the single most important" cooperating witnesses in the recent history of the Southern District of New York while he appeals his conviction in a police bribery scheme.

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

SitusAMC's $5.3M Data Breach Deal Draws Judicial Scrutiny

By Allison Grande

A New York federal judge is asking the plaintiffs suing real estate finance services firm SitusAMC over a 2025 data breach for additional information about the administration and public notice of their newly disclosed $5.3 million deal to resolve negligence and other claims stemming from the incident, saying the details are necessary for preliminary approval. 

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

Goodwin Secondaries Co-Head Moves To White & Case In NY

By Tracey Read

White & Case LLP said Wednesday it has hired the former co-leader of Goodwin Procter LLP's secondaries practice, who brings significant sponsor-side experience in complex, cross-border transactions.

Read full article » | Save to favorites »

Why Highly Specialized Experts May Risk Exclusion At Trial

Expert witnesses with highly specific areas of focus may be vulnerable to exclusion in court, making it important for attorneys to check how potential witnesses' qualifications can be bolstered by their publications and other professional activities, say Evan Weisberg and Christopher Cunio at Hunton, and Kevin Cahill at FTI Consulting.

Read full article » | Save to favorites »

How 3 Courts Are Approaching AI Adoption

By Emily Sawicki

The rules surrounding artificial intelligence experimentation in courts run the gamut from court systems offering proprietary tools and training to unwritten policies that essentially amount to don't ask, don't tell.

Read full article » | Save to favorites »

Analysis

With Data And AI, Whistleblowers Set Off An FCA Tidal Wave

By Phillip Bantz

Whistleblowers are increasingly using artificial intelligence to comb through public data in search of potential False Claims Act cases, unleashing a flood of new complaints that are shaking up white collar defense and government enforcement efforts while subjecting more companies to potentially false allegations, experts say.

Read full article » | Save to favorites »

Conn. Justices Threaten Sanctions For AI Errors

By Andrea Keckley

The Connecticut Supreme Court has threatened to sanction GLG Law LLC and one of its attorneys for submitting documents in two cases "that misrepresented the law through the use of generative artificial intelligence," according to a Tuesday order that summoned them to appear in court next month.

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

Atty DQ Over Inadvertent Doc Disclosure Overturned

By Y. Peter Kang

A California state appeals court has upended the disqualification of defense counsel in a sexual battery suit, saying documents undermining the case that were accidentally produced via a Dropbox link were not privileged.

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

DOJ Nominee Questioned About Deleted Social Media Posts

By Courtney Bublé

A nominee for a top U.S. Department of Justice position, who is a real estate attorney turned tech entrepreneur, came under fire on Wednesday for past social media posts that he's now deleted.

Read full article » | Save to favorites »

Booker, Cassidy Press DOJ On Trump Immunity Deal

By Courtney Bublé

Sens. Bill Cassidy, R-La., and Cory Booker, D-N.J., wrote to acting Attorney General Todd Blanche on Wednesday expressing "serious concerns" about the alleged immunity for President Donald Trump, his family and businesses in the controversial settlement he reached with the IRS.

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