Kirkland-Led Cerberus Closes $2.3B Continuation Fund

By Jade Martinez-Pogue

Kirkland & Ellis LLP-advised Cerberus Capital Management on Monday announced that it closed its latest single-asset continuation vehicle after securing $2.3 billion in commitments, which will allow the private equity firm to continue to own a controlling stake in critical digital infrastructure company Subsea Communications.

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Kirkland, Goodwin Guide Lilly's Potential $7B Kelonia Buy

By Jade Martinez-Pogue

Kirkland & Ellis LLP-advised pharmaceutical giant Eli Lilly & Co. on Monday announced plans to acquire clinical-stage biotechnology company Kelonia Therapeutics, led by Goodwin Procter LLP, in a deal worth up to $7 billion.

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SEC, CFTC Propose Rules To Relax Private Fund Reporting

By Aislinn Keely

The U.S. Securities and Exchange Commission on Monday proposed relaxing certain reporting requirements for hedge funds and other private fund advisers by allowing smaller firms to forego filing a disclosure used to monitor systemic risk and nixing some of its questions around volatility, event reporting and indirect exposure altogether.

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Justices Cast Doubt On Effort To Limit SEC Disgorgement

By Jessica Corso

The U.S. Supreme Court on Monday questioned an attempt to limit the U.S. Securities and Exchange Commission's disgorgement powers, with conservative and liberal justices alike seemingly skeptical of the argument that the agency has to identify victims before it can demand the return of ill-gotten gains.

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4 Firms Guide $1.4B Honeywell, Brady Productivity Unit Deal

By Al Barbarino

Honeywell said Monday that it has agreed to sell its productivity solutions and services business to Brady Corp. as the company nears the completion of a multiyear portfolio transformation, with four law firms advising. 

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Justices Won't Review Vegas Hotel Algorithmic Pricing Suit

By Matthew Perlman

The U.S. Supreme Court on Monday rejected a petition seeking to revive a proposed class action accusing casino-hotel operators on the Las Vegas Strip of using software from Cendyn Group to illegally inflate room rates.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week delivered another mix of procedural rulings, fiduciary duty disputes and deal litigation, highlighting both the court's gatekeeping role and its continued focus on stockholder rights and transactional fairness.

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Armistice Head Testifies He Accidentally Deleted Texts

By Bonnie Eslinger

Armistice Capital's founder, who is facing investor claims that the hedge fund dumped its artificially inflated shares in pharmaceutical company Vaxart for $250 million, told a California federal jury Monday that during a physical therapy session held over Skype, he accidentally deleted key text messages with another Armistice executive.

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Some Firms Break Lobbying Revenue Records Again

By Alison Knezevich

After raking in record-breaking federal lobbying revenue last year, several firms reported this week that they had their strongest quarter ever in the first three months of 2026, with practice leaders predicting another busy period ahead as midterms approach.

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Breyer Says 'Shadow Docket' Not A Top Court Power Grab

By Carolyn Muyskens

Retired U.S. Supreme Court Justice Stephen Breyer said Tuesday that the rise of the so-called shadow docket is a consequence of the post-COVID era and not a bid to usurp influence by the high court. 

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Sullivan & Cromwell Alerts SDNY To AI Errors In Ch. 15 Case

By Andrea Keckley

Sullivan & Cromwell LLP told a New York bankruptcy judge Saturday that an emergency motion it filed in Prince Global Holdings Ltd.'s Chapter 15 case contained several inaccurate citations and other errors, including what the firm described as artificial intelligence "hallucinations."

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Pillsbury Unlawfully Fired Pregnant Recruiter, Bias Suit Says

By Lauren Berg

The former Black female director for associate recruiting at Pillsbury Winthrop Shaw Pittman LLP says she was unlawfully fired just weeks after disclosing her high-risk pregnancy to her supervisor, according to her discrimination and retaliation lawsuit filed Tuesday in Tennessee federal court.

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WDTX Judge Albright Stepping Down At End Of Summer

By Dani Kass

U.S. District Judge Alan Albright is resigning after nearly eight years presiding over cases in the Western District of Texas, Law360 confirmed Tuesday.

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Ex-Wis. Judge Argues ICE Case Reversal Backs Her Acquittal

By Craig Clough

Former state Judge Hannah Dugan asked a Wisconsin federal judge Tuesday to reconsider an order not to overturn her felony obstruction conviction for directing a defendant in her courtroom away from immigration agents, arguing the Fourth Circuit recently reversed a decision the trial court repeatedly relied upon.

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Warsh Rejects Claim He'd Be Trump's 'Sock Puppet' At Fed

By Jon Hill

Federal Reserve chair nominee Kevin Warsh sought at his Tuesday confirmation hearing to rebut Democratic accusations that he would be a White House "sock puppet," distancing himself from President Donald Trump's calls for rate cuts and downplaying their significance.

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Copyright Head Touts 6,000 Registrations Of Human-AI Works

By Theresa Schliep

The U.S. Copyright Office has issued more than 6,000 registrations for works that incorporate artificial intelligence-generated materials and follow the agency's guidance for combined human-made and AI-created works, U.S. Copyright Office leader Shira Perlmutter said Tuesday.

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