Gibson Dunn, Davis Polk Launch SpaceX's Record $75B IPO

By Tom Zanki

Elon Musk's SpaceX on Thursday priced a $75 billion initial public offering at its designated price range, represented by Gibson Dunn Crutcher LLP and underwriters' counsel Davis Polk & Wardwell LLP, marking the largest IPO in history.

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9th Circ. Fears Unknowns In Amazon's Fight With Perplexity AI

By Rachel Riley

A Ninth Circuit panelist expressed concern Thursday about potential "unintended consequences" of affirming a lower court order blocking Perplexity's artificial intelligence tool from purchasing items for users on Amazon.com, noting that Amazon's case relies on a decades-old computer fraud law passed long before the proliferation of AI.

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Justices Reject Feds' Venue Theory In Twitter Spying Case

By Marco Poggio

The U.S. Supreme Court ruled Thursday that a former Twitter employee convicted of spying on behalf of Saudi Arabia must be prosecuted in Washington state, where he sent false documents to federal agents, and not in California, where the agents who investigated him are based.

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OpenAI Says High Court Curbed Some News Org IP Claims

By Craig Clough

OpenAI told a New York federal judge Thursday that the U.S. Supreme Court's recent Cox v. Sony decision bars a contributory infringement claim brought by four news companies accusing the artificial intelligence company of using their copyrighted materials to train ChatGPT, saying the high court's ruling eliminates the legal theory on which the plaintiffs rely.

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Tech Group Urges High Court To Block Texas App Store Law

By Hailey Konnath

The Computer & Communications Industry Association on Thursday asked the U.S. Supreme Court to vacate a recent Fifth Circuit ruling permitting Texas to move forward with a law requiring app store owners to verify users' ages, arguing the law is unconstitutional and overly burdensome for its members.

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3rd Circ. Asks How Legal Tech AI Tool Differed From Westlaw

By Ivan Moreno

A Third Circuit panel grilled ROSS Intelligence's attorney Thursday over whether the defunct legal tech startup's use of Westlaw headnotes to train an artificial intelligence-powered legal research tool was truly transformative, repeatedly asking counsel to explain how the product differed from Westlaw.

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Meta Must Face Porn Studio's IP Suit Over AI Training

By Rae Ann Varona

Meta Platforms Inc. can't toss a porn studio's copyright infringement suit accusing the social media giant of downloading the studio's films to train generative artificial intelligence models, a California federal judge ruled Thursday, saying the studio's allegations suffice to infer a "coordinated effort" by Meta to gather data.

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Anthropic Says Feds' Retaliation Efforts Are Evident

By Madeline Lyskawa

Anthropic PBC told a California federal judge Wednesday that the Trump administration has been "remarkably transparent" about its "campaign of retaliation," in a bid to win its lawsuit challenging the Pentagon's designation of the company as a supply chain risk to national security.

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Analysis

Fed. Circ. Won't Trade Detailed Verdicts For Efficiency

By Dani Kass

The Federal Circuit has again faulted U.S. District Judge Rodney Gilstrap's use of jury verdict forms that collapse all infringement allegations down to checking simply "yes" or "no," a decision attorneys say complicates how to present more individualized patent information without additional trial time.

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Lawmakers Reintroduce Bill To Rein In Big Tech Platforms

By Matthew Perlman

Lawmakers reintroduced legislation in the U.S. Senate on Thursday that would impose new rules on large technology platforms, barring them from blocking competition and undermining rivals by giving their own products and services an unfair advantage.

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Gov't Hectoring Prompts Bipartisan Bill To Shield Free Speech

By Christopher Cole

A bipartisan Senate bill was introduced Thursday to curtail government jawboning of free speech amid the Federal Communications Commission chair's political controversies with broadcasters.

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FCC Aims To Quell Pole Attachment Fights At State Level

By Christopher Cole

The Federal Communications Commission says it wants to speed up the resolution of disputes over broadband attachments on utility poles in states that have adopted their own rules on top of federal requirements.

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GlobalStar Opposes FCC Review Of 2 GHz Satellite Order

By Nadia Dreid

The Federal Communications Commission should ignore a request to rethink its rejection of a plan that would bring sweeping changes to the "Big LEO" satellite rules, an American satellite telecom is telling the agency.

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Bank, Crypto Groups Seek Limits In Stablecoin AML Regs

By Sarah Jarvis

Industry groups and firms in the financial and crypto sectors have called for further clarification, flexibility and safe harbors in rules recently proposed by regulators with the U.S. Department of the Treasury for implementing the anti-money laundering and sanctions compliance program requirements of the federal stablecoin framework known as the Genius Act.

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BofA Prevails In Authentication Patent Case At Fed. Circ.

By Adam Lidgett

A user authentication patent owner that sued Bank of America for infringement lost its challenge to how a Texas federal court interpreted a key patent term, after the Federal Circuit on Thursday backed the lower court's claim construction.

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Mich. Judge Denies Law Firm's Bid To Toss Data Breach Suit

By Susan Smiley

A Michigan law firm's bid to toss a proposed class action alleging that it allowed a cybersecurity breach that exposed its clients' personal and medical information was denied Thursday by a federal judge who also granted the lead plaintiff's request to amend his complaint.

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Judge Doubts Need For Discovery In Digital Equity Suit

By Jared Foretek

A Washington, D.C., federal judge struggled to find a reason for plaintiffs challenging the Trump administration's shutdown of the Digital Equity Act's Competitive Grant Program to get discovery in their lawsuit, suggesting the question of the program's constitutionality appeared to be a purely legal question, as the government suggested.

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Amazon Reaches Deal To End Workers' Genetic Privacy Suit

By Patrick Hoff

Amazon has agreed to end a lawsuit alleging that it violated Illinois genetic privacy law by seeking information about job applicants' family medical history, according to a federal court filing.

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Meta Beats Investors' Suit Over AI-Powered Facebook Scams

By Bonnie Eslinger

A California federal judge tossed a proposed class action alleging that Meta's AI tools enabled investment schemes advertised on Facebook, finding Thursday that his own earlier ruling means that the plaintiffs' state claims are barred under federal securities law.

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OpenAI Hit With Another Suit Claiming ChatGPT Aided Suicide

By Hailey Konnath

A Canadian mother on Thursday sued ChatGPT maker OpenAI over her daughter's suicide in California state court, adding to mounting litigation accusing the artificial intelligence tool of encouraging or aiding users in self-harm and suicide.

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DJI Says Insta360's Gimbal Cameras 'Blatantly Copy' Its Own

By Lauren Berg

Drone maker DJI Technology Co. filed a pair of patent infringement suits in Texas federal court alleging Insta360's new Luna line of handheld gimbal cameras "blatantly copy DJI's patented inventions wholesale."

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Via Transportation Hit With Investor Suit Over $493M IPO

By Emilie Ruscoe

Technology company Via Transportation Inc. and certain executives and underwriters face a proposed investor class action alleging that the company failed to disclose slowing growth and challenges to expanding its business in the German market before its roughly $493 million initial public offering in September 2025.

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Cloudflare Founders Are Sued Over Voting Control Plan

By Jarek Rutz

Technology company Cloudflare Inc. and its founders, Matthew Prince and Michelle Zatlyn, are facing a Delaware Chancery Court shareholder lawsuit that seeks to block a proposed recapitalization plan, alleging the transaction would let them continue selling billions of dollars' worth of stock while preserving their voting control over the internet infrastructure company.

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Sports Tech Company Calls Rival's Licensing Claims False

By David Steele

Genius Sports has accused Panda Interactive in Delaware federal court of falsely claiming licensing deals in several states, connections with sportsbooks, and production of NFL-related content, the latest act in a multiyear legal battle between the rival sports tech companies.

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Robinhood Accused Of Tricking Users Into Illegal Betting

By Katryna Perera

Robinhood purportedly tricks consumers into illegally gambling by disguising its event contracts as a "modern, sophisticated form of investing" when, in reality, the contracts are just plain old-fashioned sports betting that is unregulated and in violation of state gambling laws, a new lawsuit alleges in California federal court.

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KKR, Partners Back Helix AI Infrastructure Venture With $10B

By Nate Beck

Private equity firm KKR, the Kuwait Investment Authority and Texas-based power generation company Vistra said Thursday they've launched a $10 billion company to deliver infrastructure needed for hyperscalers to meet demand for artificial intelligence technology.

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3 Firms Guide AI Power Provider ZincFive's $752M SPAC Deal

By Nate Beck

ZincFive, a company providing nickel-zinc batteries for data center and artificial intelligence markets, said Thursday it will go public using a special purpose acquisition company merger valuing the enterprise at $752 million, advised by Cooley LLP, Wilson Sonsini Goodrich & Rosati PC and Latham & Watkins LLP.

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Skadden, Simpson Thacher Steer Digital Bank's $142M IPO

By Hailey Konnath

Skadden Arps Slate Meagher & Flom LLP and Simpson Thacher & Bartlett LLP guided financial services company Forbright Inc. in raising $142 million in its initial public offering on Thursday, which closed at $18 per share.

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23andMe To Pay $46.7M To Resolve Data Breach Claims

By Emily Lever

The plan administration trust created under the Chapter 11 plan of DNA-testing company 23andMe has struck a deal to pay $46.7 million to data breach claimants, saying the move brings 23andMe one step closer to resolving the fallout of a massive data breach in 2023.

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Paxton's ActBlue Suit Blocked As Retaliatory By Mass. Judge

By Carolyn Muyskens

A Massachusetts federal judge on Thursday blocked Texas Attorney General Ken Paxton's fraud lawsuit against Democratic fundraising platform ActBlue, citing evidence that Paxton targeted the organization because of its role supporting his political opponent in a U.S. Senate race. 

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FTC Wants Zillow-Redfin Deal Presumed Illegal Ahead Of Trial

By Bryan Koenig

The Federal Trade Commission sought Wednesday to further limit Zillow and Redfin's ability to defend a rental listings syndication deal the agency says was a $100 million payoff for Redfin to exit the market, asking a Virginia federal judge to treat the agreement as a presumptively unlawful transaction.

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FCC Says Telecom Filed Fake Doc To Get Phone Numbers

By Nadia Dreid

A telecom filed a fake Federal Communications Commission document with the North American Numbering Plan in a bid to gain access to phone numbers, and the agency is ready to block that company's traffic unless it has a good explanation.

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239M Napster Shares Stolen By NC Man And Atty, SEC Says

By Bonnie Eslinger

The U.S. Securities and Exchange Commission filed a civil suit in New York federal court Thursday against a North Carolina resident and his lawyer over an alleged stock scheme, claiming they defrauded the company that acquired Napster out of 239 million shares of its stock.

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New State AI Laws Create Dual Misrepresentation Risk

As artificial intelligence transparency laws are enacted across the country and the volume and specificity of compliance records increase, companies will be required to speak more often, more precisely and to more audiences about the same systems, compounding the risk of litigation, say attorneys at Cooley.

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Series

Cow Horse Makes Me A Better Lawyer

Moving an unwilling 800-pound cow while riding a horse at high speed is exhilarating, a little unhinged and, at least for me, a surprisingly effective training ground for litigation — both demand focus, preparation over rigid planning and the willingness to act despite fear, says Ashley Zitrin at Glenn Agre.

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The 2026 Law360 400

By Daniela Porat

Law360 is pleased to announce its list of the 400 largest U.S. firms by headcount.

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Kellogg Hansen Bests Susman Godfrey's Associate Pay Hikes

By Andrea Keckley

More litigation boutiques are joining the growing number of firms raising their base salaries for associates, with Kellogg Hansen Todd Figel & Frederick PLLC exceeding the scale Susman Godfrey LLP set earlier this week.

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SDNY US Atty Jay Clayton Picked For DNI After Pulte Pushback

By Courtney Bublé

President Donald Trump announced on Thursday he's nominating Jay Clayton, U.S. attorney for the Southern District of New York, to be director of national intelligence.

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Widow Sues Podhurst Orseck Over $4M 737 Max Settlement

By Mike Curley

An Indonesian widow is suing Podhurst Orseck PA and one of its attorneys in Illinois federal court, alleging they failed to keep her informed or get her all the money she was entitled to in a $4 million settlement with Boeing over the fatal crash of Lion Air Flight 610.

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Miss America CEO Wants Ex-Atty Barred From Court

By Emily Lever

The CEO of Miss America and companies linked to the pageant asked a Florida federal court on Thursday to bar their former counsel Carlton Fields from a status conference in their litigation over Miss America's bankruptcy, arguing the firm is not a party and is no longer counsel of record.

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Immigration Firm Says Attys Fraudulently Poached Clients

By Britain Eakin

A law firm recently accused of running a volume-driven immigration filing mill claimed in a new lawsuit in Ohio federal court that three attorneys and a TikTok personality orchestrated a social media campaign falsely accusing it of visa fraud as a way to poach its clients.

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Ex-Trump Atty Chesebro Gets Fla. Law License Back

By Madison Arnold

The Florida Supreme Court has reinstated the law license of former Trump campaign attorney Kenneth Chesebro after his conviction in Georgia's election interference racketeering case was eventually cleared by a court order invalidating the charge.

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Mass. Attys Ding Watchdog's 'Myopic' Public Defense Report

By Julie Manganis

The leader of a group of Massachusetts attorneys who stopped taking court-appointed cases last year over what they say are inadequate hourly rates on Thursday slammed a state inspector general's highly critical report on the state's indigent defense system as "myopic."

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