EQT Raises Bid For Australia's Perpetual To $1.75B

By Al Barbarino

Australia's Perpetual said Wednesday that Swedish private equity firm EQT raised its takeover offer to about $1.75 billion, but that EQT indicated the revised proposal would be automatically withdrawn if publicly disclosed.

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PayPal Stock Jumps After Reported $53B Stripe, Advent Bid

By Al Barbarino

PayPal Holdings Inc. shares were up more than 16% on Wednesday afternoon following reports that payments company Stripe and private equity firm Advent International have made a roughly $53 billion offer to acquire the company.

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Settlement Reached In Trump Media SPAC Exec Hacking Suit

By Corey Rothauser

A lawsuit accusing a Trump Media & Technology Group Corp. director and his associates of improperly accessing confidential files to help remove the former head of the special purpose acquisition company that merged with Trump Media has ended in a confidential settlement, according to a notice filed Tuesday in Florida federal court.

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Emergent Reaches $1.5B Valuation After $130M Fundraise

By Jade Martinez-Pogue

Artificial intelligence software creation platform Emergent, led by Goodwin Procter LLP, on Wednesday revealed that it reached a $1.5 billion valuation after closing its latest funding round with $130 million in tow, making the company a unicorn only one year after its public launch.

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Simpson Thacher Put Co. Out Of Business, Fla. Jury Told

By Cara Salvatore

Simpson Thacher & Bartlett LLP put an insurance services company out of business with a poorly constructed private securities offering, the company's founder told a Florida state jury Wednesday in opening arguments for trial in his suit alleging the law firm owes him more than $100 million.

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Analysis

Circuit-By-Circuit Guide To The US Supreme Court's Term

By Jeff Overley

Federal appeals courts had wide-ranging successes and struggles during the U.S. Supreme Court's recently completed term: One had its best showing in years following its worst showing in years; one felt déjà vu after recently starting to find favor with the justices; and one saw its reputation for independence occupy a rare role in the Supreme Court spotlight.

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Analysis

What To Watch In Massachusetts In The 2nd Half Of 2026

By Chris Villani

As midsummer approaches, Massachusetts attorneys are focused on much more than just the Red Sox winning streak and the fallout from the Jaylen Brown trade; from a headline-grabbing federal prosecution to the midterm elections to cases that could shape the state's noncompete laws, practitioners have plenty on their radar in the latter half of the year.

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Braveheart Bio, Attovia Join Growing Pipeline Of Biotech IPOs

By Jade Martinez-Pogue

Two venture-backed biotechnology firms filed plans for initial public offerings this week, both with plans to raise around $100 million for their public debut.

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Weil Appoints Its First Global Chair Of Restructuring

By Andrea Keckley

Weil Gotshal & Manges LLP announced on Wednesday that U.S. restructuring co-chair Matt Barr will assume the newly created role of global restructuring chair.

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How Does Your Compensation Stack Up? Take Our Survey

Is your compensation keeping pace with the rate of inflation? Do you know what your colleagues made last year? Help Law360 Pulse answer these questions and more in this year's Law Firm Compensation Survey.

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New Conn. High Court Rules Put Filers On Hook For AI Errors

By Aaron Keller

The Connecticut Appellate and Supreme Courts have published new generative artificial intelligence rules which took immediate effect this week, outlining additional paths for sanctions as the justices weigh the fate of a landlord's attorney who admitted his filings contained ChatGPT-induced errors.

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Cornyn, Tillis Still Waver On Blanche AG Bid After Hearing

By Courtney Bublé

Todd Blanche had his nomination hearing to be attorney general on Wednesday and two key Republican senators still have yet to say if they will support him.

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Senate Confirms Fla. Judge Pick Tied To Trump Pulitzer Case

By Courtney Bublé

The Senate voted 51-46, along party lines, Wednesday to confirm state Chief Judge Jeffrey T. Kuntz for the Southern District of Florida.

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Apple Allowed To Question Withdrawing Hagens ICloud Client

By Bryan Koenig

A California federal judge has allowed Apple to impose conditions on the withdrawal of a Hagens Berman Sobol Shapiro LLP client as a named plaintiff from an iCloud antitrust case, concluding that the consumer's information could be "relevant to spoliation sanctions" or Hagens Berman's adequacy as class counsel.

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Polsinelli, Doctor Seek Toss Of 'Bad Faith' Patent Claims

By Elliot Weld

Polsinelli PC and a doctor who has been a client of the law firm have asked Mississippi and Tennessee federal courts to throw out Zavation Medical Products LLC and Choice Spine LLC's allegations that the firm and its client violated respective state laws by bringing "bad faith" patent infringement claims, saying the statutes the medical device makers rely on can't be brought by distributors or manufacturers.

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Trump Swiftly Fires Court-Appointed Seattle US Atty

By Lauren Berg

Almost immediately after being sworn in as Seattle's new U.S. attorney Wednesday morning, former King County Superior Court judge and federal prosecutor Roger Rogoff was fired by President Donald Trump.

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Dems Probe Clayton's Independence, 2020 Election Views

By Tom Lotshaw

During a Wednesday confirmation hearing for President Donald Trump's pick for national intelligence director, Democratic lawmakers pressed Jay Clayton to explain whether predecessor Tulsi Gabbard should have traveled to Georgia to oversee a search warrant executed at a Fulton County election facility, which she testified the president asked for.

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