AI Drug Discovery Biz Valued At $3.8B After Series C Round

By Jade Martinez-Pogue

Artificial intelligence-based drug discovery company Chai Discovery on Tuesday revealed that it reached a $3.8 billion valuation after closing its latest funding round with $400 million in tow.

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Wilson Sonsini-Led TerraFirma Secures $115M Of New Capital

By Jade Martinez-Pogue

Critical infrastructure-focused construction company TerraFirma, advised by Wilson Sonsini Goodrich & Rosati PC, on Tuesday revealed that it raised around $115 million in new capital.

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Fed 'Racing' To Hit Genius Act Rules Deadline, Warsh Says

By Jon Hill

Federal Reserve Chair Kevin Warsh told lawmakers Tuesday that the central bank is "racing" to meet a looming deadline for drafting certain rules required by the Genius Act, the landmark stablecoin law that other federal regulators have already proposed regulations to implement.

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2 Firms Tapped To Lead Super Micro Investor Action

By Sydney Price

A California federal judge has appointed Kessler Topaz Meltzer & Check LLP and Bernstein Litowitz Berger & Grossmann LLP to lead a now-consolidated investor class action alleging Super Micro Computer failed to disclose that a large portion of its server sales were made to Chinese companies in transactions that violated U.S. export controls and led to three arrests.

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Insurance Tech Co. Hits $1.9B Valuation After Fundraise

By Jade Martinez-Pogue

Insurance technology company Cover Genius on Tuesday revealed that it reached a $1.9 billion valuation after completing a $100 million capital raise.

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Blanche Called Anti-Weaponization Fund 'Mistake,' Per Durbin

By Courtney Bublé

Acting Attorney General Todd Blanche said on Tuesday the anti-weaponization fund created as part of the president's settlement with the IRS was "a mistake," according to Sen. Dick Durbin, D-Ill., after his meeting with Blanche.

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Justices Seek More Funds Over Increased Threats, Talk Ethics

By Courtney Bublé

U.S. Supreme Court Justices Amy Coney Barrett and Elena Kagan made rare Capitol Hill appearances Tuesday, discussing the court's budget request for fiscal 2027, the "shadow docket" and ethics issues.

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Quinn Emanuel, Spiro Ousted From CoStar Copyright Fight

By Elliot Weld

A California federal judge has disqualified Quinn Emanuel Urquhart & Sullivan LLP and its attorney Alex Spiro from representing a commercial real estate platform in a copyright infringement suit brought by CoStar, agreeing that the firm's representation of CoStar in a different case should result in its removal from this one.

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Bronx Defenders Union OKs Strike 1 Year After Last Walkout

By Andrea Keckley

The Bronx Defenders has become the third New York City-based legal aid organization to authorize a strike this month, which comes just one year after the group's most recent walkout.

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Trump Lawyer Matthew Schwartz Confirmed To 2nd Circ.

By Courtney Bublé

The Senate voted 50-45, along party lines, on Tuesday to confirm Matthew Schwartz, one of President Donald Trump's personal attorneys and a partner at Sullivan & Cromwell LLP, to the U.S. Court of Appeals for the Second Circuit.

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Ky. Law Prof Wants Court To Block Judge For Dean Pick

By Hailey Konnath

A University of Kentucky law professor asked a federal court to block U.S. District Judge Gregory Van Tatenhove from becoming the next law school dean, claiming that the appointment has "stripped the faculty" of their credibility on the basis of peer review.

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Calif. Bar Settles With Administrators Of 'Disastrous' Bar Exam

By Andrea Keckley

The State Bar of California has reached a settlement with the administrators of its "disastrous" February 2025 bar exam, whose array of highly publicized technical glitches prevented hundreds of aspiring lawyers from completing the test.

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