The U.S. Securities and Exchange Commission on Tuesday updated its enforcement manual for the first time in eight years, saying that the changes were part of an effort to build a fairer and more transparent investigative process.
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THURSDAY, FEBRUARY 26, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

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SEC Lays Out New Enforcement Vision In Revised Guidelines

By Jessica Corso

The U.S. Securities and Exchange Commission on Tuesday updated its enforcement manual for the first time in eight years, saying that the changes were part of an effort to build a fairer and more transparent investigative process.

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European Semiconductor Co. Snags $250M In New Funding

By Jade Martinez-Pogue

European artificial intelligence semiconductor company Axelera AI on Tuesday revealed that it has secured more than $250 million in new funding in a round led by Innovation Industries.

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Headache-Focused Biotech Raises $130M In Series A Round

By Jade Martinez-Pogue

Headache disorder-focused biotech Slate Medicines Inc., advised by Cooley LLP, on Tuesday revealed that it wrapped a Series A funding round with $130 million in tow.

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LITIGATION

Chamber Pushes 5th Circ. To Keep FTC Merger Overhaul Nixed

By Bryan Koenig

The U.S. Chamber of Commerce pressed the Fifth Circuit to let merging companies revert to their old notification form while the Federal Trade Commission challenges a lower court order scrapping its overhaul of reporting requirements, arguing the agency cannot save the new form.

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PEOPLE

Weil Adds Simpson Thacher Private Funds Partner

By Jack Rodgers

Weil Gotshal & Manges LLP has announced it hired a former Simpson Thacher & Bartlett LLP private funds attorney, who is joining the team in New York and Washington, D.C., to work on fund formation matters and the operation and management of private investment funds.

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Greenberg Traurig Adds Ex-Baker McKenzie Atty In Chicago

By Isaac Monterose

Greenberg Traurig LLP has hired a former Baker McKenzie attorney who specializes in real estate-focused private equity funds as a shareholder in its Chicago office.

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EXPERT ANALYSIS

AI-Generated Doc Ruling Guides Attys On Privilege Risks

A New York federal court's ruling, in U.S. v. Heppner, that documents created by a defendant using an artificial intelligence tool were not privileged, can serve as a guide to attorneys for retaining attorney-client or work-product privilege over client documents created with AI, say attorneys at Sher Tremonte.

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LEGAL INDUSTRY

Tom Goldstein Guilty On Tax Evasion, 11 Other Counts

By Jared Foretek

SCOTUSblog founder and famed U.S. Supreme Court advocate Thomas Goldstein was found guilty of tax evasion, as well as aiding in the filing of false tax returns and lying on loan applications, by a Maryland federal jury Wednesday. 

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Patterson Belknap Adds Ex-SDNY Prosecutor Maurene Comey

By Alison Knezevich

Former Manhattan federal prosecutor Maurene Comey, who handled some of the nation's highest-profile cases before she was fired by the Trump administration, has joined Patterson Belknap Webb & Tyler LLP, the firm announced Wednesday.

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Cat Cover Story In Ginsburg Health Hack Gives Judge Pause

By Hayley Fowler

A Fourth Circuit jurist on Wednesday seemed fixated on the feline excuse a former hospital transplant coordinator gave FBI agents when he was questioned in 2019 about accessing U.S. Supreme Court Justice Ruth Bader Ginsburg's healthcare records.

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Democrats Cast Doubt On New DOJ Fraud Role

By Courtney Bublé

During the confirmation hearing on Wednesday for President Donald Trump's nominee for the new assistant attorney general for fraud role, Democrats expressed anxiety about the White House's involvement in the fraud crackdown and how genuine the effort is.

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Dems Demand Explanation For DOJ Antitrust Chief's Exit

By Lauren Berg

Two Democrats on the House Judiciary Committee demanded Wednesday that U.S. Attorney General Pam Bondi explain to lawmakers why the U.S. Department of Justice's antitrust chief was forced to resign, expressing concern about the administration's potential interference with merger reviews and antitrust litigation.

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Florida Co. Blames Holland & Hart For $21M Judgment

By Zach Dupont

A Florida-based company claimed in Colorado federal court Wednesday that a Holland & Hart LLP attorney was negligent in representing it in a lawsuit from the city of Fort Collins that eventually ended in a more than $21 million judgment against the company.

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'Do Not Lie To Me': Calif. Judge Panel Agrees Credibility Is Key

By Bonnie Eslinger

California federal judges speaking at a Federal Bar Association panel in San Francisco have urged attorneys to protect their credibility in the courtroom, with one judge bluntly telling lawyers "do not lie to me" and another revealing it's "shocking" how frequently judges share notes about lawyers.

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Justices Set New Limits On Recess Testimony Talks

By Cara Salvatore

A unanimous Supreme Court set limits Wednesday on the right to counsel during overnight breaks in a defendant's testimony under the Sixth Amendment, ruling that prohibiting talk about "testimony for its own sake" strikes an appropriate constitutional balance.

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Netflix Swaps Out Latham For Munger Tolles In Antitrust Suit

By Bonnie Eslinger

Latham & Watkins LLP withdrew Wednesday as defense counsel for Netflix in a proposed consumer class action in Illinois federal court claiming Meta cut an illegal deal ceding the video streaming market to Netflix, which is now represented by Munger Tolles & Olson LLP.

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Foley & Lardner Wants 'Scattershot' Malpractice Suit Tossed

By Rose Krebs

Foley & Lardner LLP is urging the Delaware Superior Court to toss a malpractice suit accusing the firm of negligence in representing an officer of a now-defunct food recycling company in a Chancery Court case that led to a $1.6 million judgment, saying it "suffers from basic pleading defects."

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Promo that reads 2025 Practice Groups of the Year

COMPANIES IN TODAY'S NEWS

Anthropic PBC

Apple Inc.

Bitfury Group Ltd.

BlackRock Inc.

California Western School of Law

Federal Bar Association

George Washington University

Google LLC

Hewlett Packard Enterprise Co.

Juniper Networks Inc.

LinkedIn Corp.

Meta Platforms Inc.

Netflix Inc.

New York University

RA Capital Management

Samsung Electronics Co. Ltd.

U.S. Chamber of Commerce

UCLA School of Law

University of Virginia

Verve

Warner Bros. Discovery Inc.

LAW FIRMS IN TODAY'S NEWS

Baker McKenzie

Burnham & Gorokhov

Christensen Law LLC

Cleary Gottlieb

Cooley LLP

Debevoise & Plimpton

Foley & Lardner

Goldstein & Russell

Greenberg Traurig

Gustafson Gluek

Haynes Boone

Holland & Hart

Latham & Watkins

Munger Tolles

Patterson Belknap

Perkins Coie

Rosenberg Freedman

Ross Aronstam

Rumberger Kirk

Sher Tremonte

Simpson Thacher & Bartlett LLP

Sullivan & Cromwell

Taus Cebulash

Weil Gotshal

Wexler Boley

WilmerHale

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Federal Bureau of Investigation

Federal Trade Commission

Internal Revenue Service

U.S. Attorney's Office for the District of Maryland

U.S. Attorney's Office for the Eastern District of Virginia

U.S. Attorney's Office for the Southern District of California

U.S. Attorney's Office for the Southern District of New York

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Fourth Circuit

U.S. Department of Justice

U.S. District Court for the District of Maryland

U.S. District Court for the Eastern District of Texas

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

U.S. District Court for the Northern District of Illinois

U.S. District Court for the Southern District of New York

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the District of Colorado