Artificial intelligence-powered stablecoin neobanking platform Fasset on Monday revealed that it reached a $1 billion valuation after closing its latest funding round with $68 million in tow.
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TUESDAY, AUGUST 25, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Neobanking Biz Hits $1B Valuation After Series C Round

By Jade Martinez-Pogue

Artificial intelligence-powered stablecoin neobanking platform Fasset on Monday revealed that it reached a $1 billion valuation after closing its latest funding round with $68 million in tow.

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3 Firms Build Biotech Merger With $150M In Private Funding

By Jade Martinez-Pogue

Biopharmaceutical company Werewolf Therapeutics and clinical-stage biotechnology firm Ambros Therapeutics have agreed to merge in an all-stock deal built by three law firms, and includes $150 million in private funding.

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Drone Co. Investor Says Early Lock-Up Waiver Tanked Stock

By Sydney Price

Drone-maker Aevex Corp. has been accused in a shareholder's proposed class action of abruptly ending share restrictions after its April initial public offering, allowing a major stakeholder to profit while the company lost $900 million in market share due to a resulting decline in share price.

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Landlord Inks 2nd Deal To Repair Unsafe Conn. Complex

By Nate Beck

Connecticut's attorney general announced a second settlement with the landlord of a 544-unit apartment site to resolve an investigation into unsafe conditions at the property, a deal that comes after the owner paid out $5.1 million in February to compensate tenants for problems at the complex. 

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Brief

ATI Retirees To Appeal Toss Of Pension De-Risking Suit

By Patrick Hoff

Former ATI employees will ask the Third Circuit to reopen a proposed class action alleging the aerospace company put their retirement benefits at risk by converting $1.5 billion in pension obligations to insurance-backed annuities, according to a filing in Pennsylvania federal court.

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A&O Shearman Adds M&A Pro As Partner In Texas From MoFo

By Lynn LaRowe

Allen Overy Shearman Sterling announced Monday that it has strengthened its transactional capabilities with an Austin-based partner who came aboard from Morrison Foerster LLP.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court last week saw a wave of lawsuits involving corporate oversight, take-private deals, financing transactions, bankruptcy fallout, stockholder voting rights and disputes over control.

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LEGAL INDUSTRY

6th Circ. Says Judge Can't Escape Teen Mock Arrest Suit

By Susan Smiley

A Sixth Circuit panel on Monday allowed to proceed a Michigan federal lawsuit filed against a Detroit judge who handcuffed a 15-year-old student and subjected her to a mock trial after she fell asleep in his courtroom, ruling that judicial immunity does not protect him.

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Ex-DOJ Fraud Attys Switch To Civil Focus At Boutique Firm

By Phillip Bantz

Criminal fraud prosecutors commonly pursue careers as white collar defense lawyers after exiting the U.S. Department of Justice, but a group of ex-DOJ lawyers who have recently joined national litigation boutique AXS Law Group are embarking on a path less traveled.

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Choate Brings On Former Willkie CFO In Boston

By Andrea Keckley

The former chief financial officer at Willkie Farr & Gallagher LLP has left to take on a new role as Choate Hall & Stewart LLP's CFO.

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Anthropic Appoints New General Counsel

By Matt Perez

Artificial intelligence giant Anthropic, which is behind the chatbot Claude, has appointed a new general counsel, with her predecessor moving into a role coordinating with international governments.

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Florida AG Slams Bar Complaint Against DHS Counsel

By Madison Arnold

Florida Attorney General James Uthmeier wrote to the executive director of the Florida Bar to criticize a recent complaint made to the bar against James Percival, general counsel of the U.S. Department of Homeland Security, for attacking judges.

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Greenberg Traurig Adds Morgan Lewis Employment Attorney

By Madison Arnold

A veteran Morgan Lewis & Bockius LLP employment attorney in Miami has moved her practice to Greenberg Traurig LLP, the firm announced Tuesday.

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Cooley Life Sciences Atty Joins Foley & Lardner In San Diego

By Adrian Cruz

Foley & Lardner LLP announced that a life sciences attorney with over 30 years of experience has jumped to the firm's San Diego office as a partner from Cooley LLP.

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Firm Revenue Climbs 12.4% In First Half Of 2026

By Daniel Moritz-Rabson

Record billing rate gains, strong demand and increased productivity fueled a successful start to the year for the legal industry, according to a report released Tuesday.

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Colo. Judge Ships $8.3M Messner Reeves Fraud Suit To Utah

By Zach Dupont

A Colorado federal judge granted a motion Monday from law firm Messner Reeves LLP to move a lawsuit accusing the firm of stealing more than $8 million as part of a fraudulent loan scheme to Utah after finding the venue was the proper forum to litigate the claims.

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COMPANIES IN TODAY'S NEWS

ATI Inc.

Anthropic PBC

B. Riley Financial Inc.

Bank of America Corp.

Capital One Financial Corp.

Cornell University

Dearborn Partners LLC

Discover Financial Services Inc.

Enviva LP

Fort Point Capital

Gemspring Capital

Google LLC

Janus Henderson Group PLC

Jefferies Financial Group Inc.

LinkedIn Corp.

McKinsey & Co. Inc.

Nasdaq Inc.

Northeastern University

Outcome Health

Princeton University

RA Capital Management

RWE AG

Rhapsody International Inc.

SBI Holdings Inc.

State Street Global Advisors Inc.

The Florida Bar

The Goldman Sachs Group Inc.

University of Virginia

Wells Fargo & Co.

YouTube Inc.

LAW FIRMS IN TODAY'S NEWS

A&O Shearman

AXS Law Group

Advisors LLC

Baker Botts

Chase Law & Associates

Choate Hall

Cooley LLP

Criden & Love

Fieger Law

Fish & Richardson

Foley & Lardner

Gordon Rees

Greenberg Traurig

Kilpatrick Townsend

Latham & Watkins

Messner Reeves

Morgan Lewis

Morrison & Foerster

Perkins Law

Perkins Law Group PLLC

Pillsbury Winthrop

Ropes & Gray

Scott&Scott

Sidley Austin

Spencer Fane

Willkie Farr

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Supreme Court

Connecticut Attorney General's Office

Delaware Court of Chancery

Florida Supreme Court

Food and Drug Administration

U.S. Court of Appeals for the Sixth Circuit

U.S. Department of Homeland Security

U.S. Department of Justice

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

U.S. District Court for the Western District of Pennsylvania

U.S. Securities and Exchange Commission

United States District Court for the District of Colorado

United States District Court for the District of Utah