Military technology company Anduril, led by Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP, on Wednesday announced it reached a $61 billion valuation after raising $5 billion in its latest funding round.
Law360
Private Equity
THURSDAY, MAY 14, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Defense Tech Startup Anduril Raises $5B At $61B Valuation

By Jade Martinez-Pogue

Military technology company Anduril, led by Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP, on Wednesday announced it reached a $61 billion valuation after raising $5 billion in its latest funding round.

Read full article » | Save to favorites »

Latham, Davis Polk Lead AI Chipmaker Cerebras' $5.6B IPO

By Jade Martinez-Pogue

Artificial intelligence computing company Cerebras Systems Inc. raised roughly $5.6 billion in its blockbuster initial public offering that priced above range late on Wednesday, representing the largest IPO this year.

Read full article » | Save to favorites »

Simpson Thacher-Led Blackstone REIT Prices $1.75B IPO

By Nate Beck

A Blackstone real estate investment trust focused on data centers is set to begin trading Thursday after raising $1.75 billion in an initial public offering, advised by Simpson Thacher & Bartlett LLP and underwriters' counsel Paul Hastings LLP.

Read full article » | Save to favorites »

Latham Guides Geothermal Startup Fervo's Upsized $1.9B IPO

By Jade Martinez-Pogue

Geothermal energy developer Fervo Energy hit the public markets on Wednesday after raising $1.9 billion in its upsized initial public offering.

Read full article » | Save to favorites »

LITIGATION

Former Fairstead Partner Wins Chancery Fight Over Equity

By Jarek Rutz

The Delaware Chancery Court on Wednesday handed a win to former Fairstead partner William Blodgett in a fight over whether two affiliates of Fairstead, a real estate firm, could use their LLC agreements to punish him for conduct that an arbitrator found breached his employment agreement.

Opinion attached | Read full article » | Save to favorites »

PEOPLE

Akin Adds 4 PE Attys From Sidley, Gains New Practice Head

By Andrea Keckley

Akin Gump Strauss Hauer & Feld LLP announced Wednesday that it has welcomed four private equity attorneys to its New York and London offices, with three returning to the firm, including one who will lead the private equity practice.

Read full article » | Save to favorites »

EXPERT ANALYSIS

Series

The Biz Court Digest: Georgia Court Has Business On Its Mind

Thanks to recent legislation, the Georgia State-wide Business Court will soon offer business litigants greater access to the court than ever before, further enhancing the court's emphasis on efficiency, predictability and accessibility for sophisticated commercial disputes, says former GSBC judge Walt Davis at Jones Day.

Read full article » | Save to favorites »

LEGAL INDUSTRY

Blank Rome Adds Husch Blackwell's Dallas Leader

By Lynn LaRowe

Blank Rome LLP has added a former Husch Blackwell LLP lawyer to its finance, restructuring and bankruptcy practice in Dallas as the firm continues to strengthen its investment in the north Texas market.

Read full article » | Save to favorites »

Trump's 8th Circuit Pick Clears Senate Panel Vote

By Courtney Bublé

President Donald Trump's nominee for the Eighth Circuit, who represented the president in the cases brought by writer E. Jean Carroll, advanced to the full Senate on Thursday.

Read full article » | Save to favorites »

Lover's Ex-Wife Fights Sinema's Request For Therapy Notes

By Abigail Harrison

A bid by former U.S. Sen. Kyrsten Sinema of Arizona to unearth notes and communications from a therapist working with her lover's ex-wife should be summarily denied, as the ex-wife, Heather Ammel, told a North Carolina federal court Thursday that the request is a clear overreach.

Motion attached | Read full article » | Save to favorites »

Fenwick Hit With FTX Suit In DC Over $525M Losses

By Emily Lever

A group of former FTX customers has sued Fenwick & West LLP in federal court in Washington over its work representing FTX from 2018 to 2022, seeking to recover more than $525 million for losses stemming from the cryptocurrency exchange's collapse.

Complaint attached | Read full article » | Save to favorites »

NJ Lawmakers Slam Attacks On Judiciary At State Bar Panel

By George Woolston

A bipartisan panel of New Jersey lawmakers condemned partisan attacks on judges and the judiciary on Wednesday, urging Garden State attorneys to uphold their oath to the U.S. Constitution and the rule of law and to "step back from the keyboard."

Read full article » | Save to favorites »

NYC Bar Endorses Random Audits For Law Firm Accounts

By Emily Sawicki

The New York City Bar Association's Professional Discipline Committee on Thursday threw its support behind a statewide bill to institute a random audit program for law firm financial accounts.

Report attached | Read full article » | Save to favorites »

Ogletree Fights Atty's Discovery Bid For DQ Push In Bias Suit

By Lynn LaRowe

A Georgia federal court should deny a bid for discovery aimed at disqualifying Ogletree Deakins Nash Smoak & Stewart PC from defending a security company against discrimination claims because the request stems from the plaintiff's lawyer's "personal grievances," the company said Thursday.

1 document attached | Read full article » | Save to favorites »

Exclusive

Ballard Spahr Chair Elected To Second Term

By Daniel Moritz-Rabson

Peter V. Michaud has been elected to a second three-year term as chair of Ballard Spahr LLP and will steer the firm through the end of 2029, Law360 Pulse has learned.

Read full article » | Save to favorites »

DOJ Asserts Broad Power In BigLaw Executive Order Appeal

By Jared Foretek

A Trump administration attorney told the D.C. Circuit on Thursday that the courts have no authority to review the president's decision to revoke someone's security clearance for any reason, including race, religion, or even refusal to pay a $1 million bribe.

Read full article » | Save to favorites »

Analysis

Insider Trading Case Shows BigLaw Associate Vetting Gaps

By Chris Villani

A BigLaw attorney who was able to move through three major firms while allegedly orchestrating a massive insider trading scheme may have been aided by relatively loose hiring practices for associates that firms may consider strengthening moving forward, recruiting experts told Law360.

Read full article » | Save to favorites »

Insurer Says Denver Law Firm Let $825K Deal Go To Scammer

By Gianna Ferrarin

An insurance defense law firm negligently allowed a $825,000 workers' compensation settlement to be sent to an impostor, forcing Chubb unit Federal Insurance Co. to replace the misdirected funds, according to a complaint filed in Colorado state court.

Complaint attached | Read full article » | Save to favorites »

Foster Garvey Names New CEO, CFO In Pacific Northwest

By Ben Adlin

Foster Garvey PC promoted two leaders in Seattle and Portland, Oregon, the law firm announced Thursday, naming Scott Flichtbeil as CEO and Andrew Randles as chief financial officer.

Read full article » | Save to favorites »

Promo that reads Law360 Pulse 2026 AI Survey

COMPANIES IN TODAY'S NEWS

ADT Inc.

Akin's

Andreessen Horowitz LLC

BC Partners

Beacon Hill Staffing Group LLC

Breakthrough Energy

Citigroup Inc.

Deutsche Bank AG

Duke Energy Corp.

Fervo Energy Co.

GFL Environmental Inc.

JPMorgan Chase & Co.

Johnson & Johnson

LinkedIn Corp.

Microsoft Corp.

Momenta Pharmaceuticals Inc.

Morgan Stanley

NVIDIA Corp.

Nasdaq Inc.

National Interstate Corp.

New Jersey State Bar Association

New York City Bar Association

Norges Bank Investment Management

Otis Worldwide Corp.

Piedmont Natural Gas Co. Inc.

RBC Capital Markets

Renaissance Capital

Seattle University

Spire Inc.

The Goldman Sachs Group Inc.

Vanliner Insurance Co.

Watanabe Schwartz

Wellington Management Co. LLP

Wells Fargo & Co.

LAW FIRMS IN TODAY'S NEWS

Akin Gump

Ballard Spahr

Black & Rose

Blank Rome

Brown Gren

Clement & Murphy

Cooley LLP

Cozen O'Connor

Davis Polk

Davis Wright Tremaine

Elsberg Baker

Fenwick & West

Foster Garvey

Goodwin Procter

Gunderson Dettmer

Hogan Lovells

Husch Blackwell

Jenner & Block

Jones Day

Karr Tuttle

Koskoff Koskoff

Latham & Watkins

Lehman Lee

Lowell & Associates

Marten Law

Morris Nichols

Munger Tolles

Ogletree Deakins

Paul Hastings

Paul Weiss

Perkins Coie

Poyner Spruill

Quinn Emanuel

Ropes & Gray

Ross Aronstam

Sidley Austin

Simpson Thacher & Bartlett

Susman Godfrey

Van Camp Meacham

Venable LLP

Vinson & Elkins

Wachtell Lipton

Watkins Calcara

Weil Gotshal

Williams & Connolly

WilmerHale

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Equal Employment Opportunity Commission

Executive Office of the President

Federal Bureau of Investigation

Georgia Department of Labor

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Department of Justice

U.S. District Court for the District of Columbia

U.S. District Court for the District of Massachusetts

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the District of Colorado

United States District Court for the Southern District of Georgia