Fitness-tracking ring maker Oura on Tuesday revealed that it is delaying its planned initial public offering, citing "uncertainty in the IPO market," just a week after the company told U.S. regulators that it hoped to raise $2.1 billion in the public debut.
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WEDNESDAY, SEPTEMBER 30, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

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Oura Cites Market 'Uncertainty' In Delaying Estimated $2B IPO

By Jade Martinez-Pogue

Fitness-tracking ring maker Oura on Tuesday revealed that it is delaying its planned initial public offering, citing "uncertainty in the IPO market," just a week after the company told U.S. regulators that it hoped to raise $2.1 billion in the public debut.

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Proskauer-Led Princeton Equity Clinches $1.3B Fund

By Jade Martinez-Pogue

Proskauer Rose LLP-advised private equity shop Princeton Equity Group on Tuesday announced that it has wrapped its third fund with $1.3 billion of investor commitments.

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Del. Chancery Rejects Saama Founder's $68M Earnout Bid

By Jarek Rutz

The Delaware Chancery Court has rejected a bid from Saama Technologies founder Suresh Katta for a $67.5 million earnout tied to Carlyle Group's 2021 investment in the clinical data company and ordered him to pay Saama about $7.3 million, finding that he acted in bad faith by pushing contracts that damaged the business to maximize the payout.

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LITIGATION

Del. Chancery Freezes 32.1M Talkdesk Shares In Viking Fight

By Jarek Rutz

The Delaware Chancery Court on Tuesday temporarily barred Talkdesk Inc. from disposing of roughly 32.1 million shares it received through a disputed foreclosure involving founder and CEO Tiago Paiva, while ordering expedited proceedings on a claim from investors of Viking Global that the deal violated their contractual consent rights.

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DEALS & FINANCING

3 Firms Build Capitolis' $200M Deal To Acquire eSecLending

By Jade Martinez-Pogue

Financial technology company Capitolis on Tuesday unveiled plans to buy eSecLending from private equity shop Parthenon Capital in a $200 million all-cash deal built by three law firms.

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Brief

Kirkland, Cooley Steer Transom's SoundThinking Take-Private

By Al Barbarino

California middle-market private equity firm Transom Capital Group has agreed to acquire SoundThinking Inc. for up to approximately $159 million, the public safety technology company said Tuesday. 

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EXPERT ANALYSIS

Preparing For Broader Calif. Rules On PE Healthcare Deals

California's recent emergency regulations implementing expanded healthcare transaction review requirements, such as for private equity and hedge funds, represent a notable expansion of state oversight, including enhanced disclosures, wider definitions and new advance notice requirements, say attorneys at Simpson Thacher.

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How Restitution Became Del. Chancery Court's Middle Ground

Though monetary relief is the Delaware Court of Chancery's favored form of compensating shareholders injured by a breached transaction, Ramadurgam v. Destiny XYZ illustrates how restitution, rather than rescission, can also be a viable option for squeezed-out shareholders to present to the court, says Ashwini Jayaratnam at DarrowEverett.

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What Comes Next For Digital Asset Regs After Clarity Act Flop

After the U.S. Senate recently blocked the Digital Asset Market Clarity Act, agency rulemaking could still offer a near-term remedy, and companies meanwhile should monitor the existing framework assembled from enforcement precedent and case law in the absence of a purpose-built statute, say attorneys at Ropes & Gray.

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LEGAL INDUSTRY

3rd Circ. Affirms Thomson Reuters' Westlaw AI Copyright Win

By Ivan Moreno

The Third Circuit on Tuesday upheld Thomson Reuters' victory against Ross Intelligence Inc. in the first U.S. appellate ruling to address whether artificial intelligence training can be fair use of copyrighted material, upholding a Delaware federal court's decision that the startup infringed Westlaw headnotes by using material derived from them to develop an AI-powered legal search tool.

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11th Circ. Won't Pause Sanctions Against Trump In IRS Case

By Jack McLoone

An Eleventh Circuit panel refused Tuesday to pause a district court's sanctions order barring President Donald Trump and others from citing the agreement he made to settle his $10 billion suit against the Internal Revenue Service while they appeal the order.

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DC Circ. Weighs Limits On Boasberg's Contempt Inquiry

By Jared Foretek

A top Justice Department official told an en banc D.C. Circuit panel that a district judge should refer former Homeland Security Secretary Kristi Noem for contempt over the 2025 deportation flights to El Salvador and move on, saying the judge had no authority to wrap others into his inquiry.

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Jack Smith Says He Won't Be Intimidated By Trump Threats

By Courtney Bublé

Former special counsel Jack Smith testified on Tuesday he "will not be silenced" by threats of prosecution by the president or others.

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Baker Botts Atty Disputes Inventor's Claim Of Defamation Deal

By Madison Arnold

A Baker Botts LLP patent attorney is pushing back on an inventor's claim that they reached a settlement agreement in the inventor's defamation suit in Florida federal court.

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Richards Layton Atty's Chancery Nomination Advanced

By Rose Krebs

A Delaware senate committee Tuesday advanced the nomination for a Richards Layton & Finger PA director to serve as a vice chancellor on the nationally important Chancery Court, with him vowing to continue the court's esteemed legacy for corporate law jurisprudence.

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COMPANIES IN TODAY'S NEWS

AbbVie Inc.

American Civil Liberties Union

Andreessen Horowitz LLC

Capitolis Inc.

Deloitte Touche Tohmatsu Ltd.

Index Ventures SA

Massage Envy LLC

Nasdaq Inc.

New York University

Pfizer Inc.

Sequoia Capital Operations LLC

Starbucks Corp.

The Carlyle Group Inc.

Thomson Reuters Corp.

Transom Capital Group

Trump Organization Inc.

LAW FIRMS IN TODAY'S NEWS

Abrams & Bayliss

Advisors LLC

Avyno Law

Baker Botts

Bartlett LLP

Brito PLLC

Cooley LLP

Cravath Swaine

DLA Piper

DarrowEverett

Debevoise & Plimpton

Goodwin Procter

Kirkland & Ellis

Latham & Watkins

McCarter & English

Morris James

Paul Weiss

Pillsbury Winthrop

Potter Anderson

Proskauer Rose

Richards Layton

Rivero Mestre

Ropes & Gray

SML Avvocati

Selendy Gay

Simpson Thacher & Bartlett

Skadden Arps

Susman Godfrey

Troutman

Wachtell Lipton

White & Case

WilmerHale

Young Conaway

GOVERNMENT AGENCIES IN TODAY'S NEWS

Commodity Futures Trading Commission

Delaware Court of Chancery

Federal Trade Commission

Internal Revenue Service

New York Attorney General's Office

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Eleventh Circuit

U.S. Court of Appeals for the Third Circuit

U.S. Department of Justice

U.S. Department of the Treasury

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

U.S. House of Representatives

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court