Trump Family Invests In $1.5B Go-Public Merger For Drone Co.

By Nate Beck

President Donald Trump's son, Eric Trump, is among a group of investors backing a $1.5 billion merger between Florida real estate company JFB Construction Holdings and Israeli drone-maker Xtend that would take the latter company public.

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Kirkland, Wachtell Lipton Steer Xerox $450M Venture With TPG

By Lauren Berg

Xerox, represented by Kirkland & Ellis LLP, announced Tuesday that it has created an intellectual property licensing joint venture with global alternative asset management firm TPG, advised by Wachtell Lipton Rosen & Katz, to strengthen the workplace technology company's balance sheet.

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Brief

Latham Leads PE Infrastructure Firm Kinterra's $950M Fund

By Nate Beck

Latham & Watkins LLP advised Kinterra Capital Corp., a Canadian private equity firm focused on critical materials and related infrastructure, on its Tuesday close of an oversubscribed $950 million fund.

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Warner Bros. Rejects Latest Paramount Bid But Talks Resume

By Al Barbarino

Warner Bros. Discovery said Tuesday it has rejected an acquisition proposal from Paramount Skydance but will engage in further talks to determine whether the bidder can submit a binding offer that tops WBD's agreed merger with Netflix.

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Analysis

Dismissal Of FTC Merger Rule Shows Nothing 'Broken' To 'Fix'

By Bryan Koenig

Some antitrust practitioners see vindication in last week's Texas federal court decision throwing out the Federal Trade Commission's premerger reporting overhaul, saying it gives credence to arguments that U.S. antitrust enforcers were trying to plug holes in merger review where there were none.

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3 Firms Guide Cos.' $1.9B PacifiCorp Assets Buy

By Isaac Monterose

Portland General Electric Company and Manulife Investment Management have paid $1.9 billion to obtain electrical provider PacifiCorp's Washington state assets in a cash deal guided by Latham & Watkins LLP, Simpson Thacher & Bartlett LLP and Gibson Dunn & Crutcher LLP.

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Fund Formation Group Of The Year: Ropes & Gray

By Rachel Rippetoe

Last year, the fund formation team at Ropes & Gray LLP helped private equity giant TPG Inc. close a $3 billion credit-focused continuation fund, guided another major private equity player, Bain Capital, in securing $5.7 billion from investors for its second global special situations fund and aided a unit of the Carlyle Group in raising $20 billion for its latest secondary fund, landing it a spot among the 2025 Law360 Fund Formation Groups of the Year.

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Educator Unions Call For SEC Probe Of Apollo's Epstein Ties

By Sarah Jarvis

The American Federation of Teachers and American Association of University Professors on Tuesday urged the U.S. Securities and Exchange Commission to investigate statements made by Apollo Global Management concerning the private equity firm's alleged ties to convicted sex offender Jeffrey Epstein.

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Catching Up With Delaware's Chancery Court

By Jeff Montgomery

Cryptocurrency and artificial intelligence disputes continued their slow weave into Delaware Court of Chancery and state Supreme Court dockets last week, with jurists and litigants grappling over how — or if — the courts' old-school equity jurisdiction and fiduciary duty hooks apply to new kinds of deals.

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Wash. Bank Ignored Ponzi Scheme Warnings, Investors Say

By Katryna Perera

Investors have urged a Washington federal judge not to toss their suit accusing Columbia Bank of keeping a real estate investment firm's $230 million Ponzi scheme afloat by maintaining the enterprise's accounts even when evidence of fraud surfaced, arguing there is ample factual evidence showing that the bank knew about the scheme and assisted in it.

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BBQ Co. ESOP Members Urge Trial Despite DOL's $15M Deal

By Kellie Mejdrich

A certified class of participants in a barbecue company's employee stock ownership program is seeking assurance that a $15 million settlement among the U.S. Department of Labor, the company's executives and the ESOP's caretaker won't affect a coming trial on the matter. 

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McGuireWoods Adds Sidley Private Equity Pro In Los Angeles

By James Mills

McGuireWoods LLP is expanding its transactional team, announcing Tuesday that it is bringing in a Sidley Austin LLP private equity expert as a partner in its Los Angeles office.

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CFIUS Initiative May Smooth Way For Some Foreign Investors

A new program that will allow certain foreign investors to be prevetted and admitted to fast-track approval by the Committee on Foreign Investment in the United States will likely have tangible benefits for investors participating in competitive M&A, say attorneys at Simpson Thacher.

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How AI Data Centers Are Elevating Development Risk In 2026

As thousands of artificial intelligence data center constructions continue to pop up across the U.S., such projects must be treated not as simple real estate developments, but as infrastructure programs where power, supply chains and technology integration all drive both schedule and risk, say attorneys at Cozen O’Connor.

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Analysis

Will Jurors Penalize AI? Study Examines Trade Secrets Impact

By Ivan Moreno

A forthcoming academic study suggests juries may treat AI-enabled actions more harshly than human conduct in trade secrets disputes, resulting in what the authors call an “AI penalty.” Attorneys say reality is more complicated.

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Jury To Get Goldstein Case After Clashing Closing Statements

By Jared Foretek

The jury in SCOTUSblog founder Thomas Goldstein's tax evasion trial will finally begin to deliberate on a 16-count verdict form, after federal prosecutors on Wednesday recounted lies they said he admitted to, and the defense slammed what it described as a shoddy investigation into the charges.

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BREAKING: Trump Taps Atty In Carroll Case For 8th Circ.

By Courtney Bublé

President Donald Trump announced Wednesday he's nominating for the Eighth Circuit a co-owner of James Otis Law Group, where the attorney has been part of the legal team representing Trump in writer E. Jean Carroll's defamation suit against the president.

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This Firm Nabbed The Top Spot In Patent Activity Rankings

By Theresa Schliep

The law firm that secured the most utility patents in 2025, with 5,242 patents, retained the lead from 2024, although it experienced a slight dip in activity, according to a new report from Harrity Patent Analytics.

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Indiana Firm Sues Quintairos Prieto Over 'Mass Exodus'

By Adrian Cruz

Indiana-based Kopka Pinkus Dolin PC has alleged a former employee helped conspire with her new employer Quintairos Prieto Wood & Boyer PA and two former shareholders to cause a "mass exodus" of attorneys that led to the eventual shutdown of one of the insurance firm's offices.

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Senators Push For Transparency In Litigation Funding

By Courtney Bublé

Lawmakers are trying again to rein in third-party litigation financing, a multibillion-dollar industry that critics argue allows foreign entities to assert control of the U.S. legal system.

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Amazon Says Atty Accused Of TM Scheme Used AI Citations

By Ben Adlin

Amazon has told a Seattle federal judge that California attorney Kathy Q. Hao relied on artificial intelligence-hallucinated case law in her effort to escape its lawsuit accusing her of participating in a fraudulent trademark scheme, urging the court to weigh sanctions against the lawyer over what the e-commerce and technology giant called "fabricated citations."

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Judges' Neutrality Must Extend Beyond Courtroom, ABA Says

By Emily Sawicki

The American Bar Association's ethics committee is guiding judges to maintain the same level of neutrality and impartiality in working with court staff that they exercise when presiding in the courtroom, according to its latest formal opinion on Wednesday.

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State High Court Chiefs To Review Law School Accreditation

By Ryan Boysen

State supreme court leaders said Wednesday they will conduct a thorough review of law school accreditation practices this year, a move that comes after state justices in Texas and Florida recently ended the American Bar Association's longstanding accreditation monopoly in those states.

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