FDIC Sees Surging Growth In Bank Lending To Nonbanks

By Jon Hill

The Federal Deposit Insurance Corp. said Thursday that bank loans to private equity, private credit and other nonbanks reached $1.4 trillion last year, identifying it as the fastest-growing category of lending for banks since the 2008 financial crisis.

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Dechert Leads StepStone On $1.58B Credit Fund

By Jade Martinez-Pogue

Dechert LLP-led private investment firm StepStone Group Inc. on Thursday revealed that it wrapped fundraising for its second credit fund well above target after securing $1.58 billion in commitments.

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FTC Cuts Deal To End Anesthesia Group Rollup Case

By Matthew Perlman

The Federal Trade Commission reached an agreement Thursday to settle its case accusing U.S. Anesthesia Partners Inc. of monopolizing the Texas anesthesia services market by purchasing most of the competing anesthesia practices in the state.

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Defense Parts Maker Elmet Group Prices Upsized $120M IPO

By Jade Martinez-Pogue

Private equity-backed defense parts manufacturer The Elmet Group Co. began trading publicly on Thursday after raising $120 million in its upsized initial public offering, steered by Ellenoff Grossman & Schole LLP and Thompson Coburn LLP.

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T-Mobile Tie-Up, Boots IPO Among Week's Top Deal Rumors

By Al Barbarino

Deutsche Telekom AG could merge with its American arm T-Mobile to create a global phone giant, digital bank Revolut envisions a $200 billion valuation for its potential initial public offering in 2028, and the owners of U.K. pharmacy chain Boots consider a public offering of their own. 

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Burtech's 2nd SPAC Eyes $100M IPO To Launch Deal Hunt

By Nate Beck

A blank-check company targeting industries such as hospitality, technology and real estate to raise up to $100 million in an initial public offering advised by Loeb & Loeb LLP, Norton Rose Fulbright LLP and Ogier.

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OFAC Signals Sanctions Diligence Can't Stop At 50% Rule

Recent guidance from the Office of Foreign Assets Control, along with several enforcement actions looking beyond the 50% formal ownership requirement, sends a clear message that sanctions due diligence must consider a variety of factors, including degree of control, practice of actual dealings and the involvement of proxies, say attorneys at Jenner & Block.

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Series

Officiating Football Makes Me A Better Lawyer

Though they may seem to have little in common, officiating football has sharpened many of the same skills that define effective lawyering in management-side labor and employment: preparation, judgment, composure, credibility and ability to make difficult decisions in real time, says Josh Nadreau at Fisher Phillips.

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The 2026 Lawyer Satisfaction Survey: Where Do You Stand?

How is your work-life balance? Are you content with your compensation and opportunities for advancement at work? Take the 2026 Law360 Lawyer Satisfaction Survey and share your thoughts.

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Bar Complaint Calls Out EEOC Chair's Law Firm DEI Letters

By Grace Elletson

A legal advocacy group asked the Virginia State Bar to investigate whether U.S. Equal Employment Opportunity Commission Chair Andrea Lucas violated ethics rules by declining to investigate LGBTQ+ bias complaints and sending letters demanding information from law firms on their diversity, equity and inclusion practices.

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Analysis

Judge Albright Changed The Landscape Of Patent Litigation

By Dani Kass

U.S. District Judge Alan Albright of the Western District of Texas became infamous in 2019 when he drew repeated chastising from the Federal Circuit for hoarding patent cases, but in the wake of his plans to step down, attorneys say the judge's biggest legacy has become his efficient, common sense approach to litigation.

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'Cheap' Judge OKs $19.5M Snap Deal Fees But 'No Bentleys'

By Craig Clough

After warning counsel who negotiated a $65 million securities settlement with Snap that he is "notoriously cheap," and in a tentative order gave a "haircut" to their $19.5 million fee request, a California federal judge talked himself out of the trim at a hearing Thursday but quipped, "No Bentleys."

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Paul Clement, Abbe Lowell To Argue For Firms In EO Appeals

By Lauren Berg

Four BigLaw firms and a national security attorney informed the D.C. Circuit on Thursday that heavyweight litigators Paul D. Clement of Clement & Murphy PLLC and Abbe David Lowell of Lowell & Associates PLLC will present their arguments against the Trump administration's appeal seeking to reinstate executive orders that were deemed unconstitutional.

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Another 'Inventing Anna' Attorney Gets Disbarred

By Emily Sawicki

A New York state appeals court has accepted the resignation of a New York City attorney amid a misconduct investigation, reportedly leaving high-profile socialite scammer Anna Sorokin without legal counsel while facing fee claims from her former lawyer, according to a Thursday notice by opposing counsel.

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DOJ Watchdog To Review Handling Of Epstein Files

By Courtney Bublé

The U.S. Department of Justice watchdog announced Thursday that it will be reviewing the department's release of the Epstein files after much bipartisan pushback that it has been slow and error-ridden.

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Ex-DA's Defamation Claims Tied To Menendez Work Risk Toss

By Rae Ann Varona

A Los Angeles County prosecutor-turned-public defender fought uphill Thursday to pursue defamation claims against a former colleague who criticized her advocacy for the release of Erik and Lyle Menendez, with a California state court judge saying that alleged comments like calling the attorney a "quisling" — or traitor — were nonactionable opinions.

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ICE Courthouse Arrest Policy Faces New Stay Bid After Error

By Adrian Cruz

Civil rights groups suing the U.S. government to block immigration courthouse arrests asked a New York federal judge to stay the enforcement of the arrest policy, arguing that government attorneys have retracted their original position on the legality of the arrests.

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Immigration Board Says Judge Glossed Over Inconsistencies

By Tom Lotshaw

An immigration judge failed to address and explain inconsistencies before finding a Cameroonian man credible and granting him withholding of removal protection, the Board of Immigration Appeals said in a decision designated as precedential.

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Ex-EEOC Official Accuses Agency Of 'Ironic' LGBTQ+ Bias

By Hailey Konnath

A former U.S. Equal Employment Opportunity Commission director sued the agency in California federal court Thursday, alleging it forced him, a queer and transgender man, to participate in the "erasure" of LGBTQ+ individuals, a move his attorney called "ironic" for the agency tasked with upholding antidiscrimination laws.

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