OpenAI said Monday that it had confidentially submitted a proposed initial public offering to the U.S. Securities and Exchange Commission, an announcement that comes a week after artificial intelligence rival Anthropic said it had done the same.
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WEDNESDAY, JUNE 10, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

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OpenAI Joins Anthropic In Confidentially Filing IPO Plans

By Hailey Konnath

OpenAI said Monday that it had confidentially submitted a proposed initial public offering to the U.S. Securities and Exchange Commission, an announcement that comes a week after artificial intelligence rival Anthropic said it had done the same.

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Analysis

How A Texas Pastor Beat Mark Zuckerberg In Landmark Trial

By Craig Clough

Jurors who reached a landmark $6 million verdict in March finding Meta Platforms Inc. and Google liable for harming a teen's mental health didn't find Mark Zuckerberg credible, an impression that the plaintiff's attorney Mark Lanier credited to putting the well-prepared executive off his guard.

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Trump's $100K H-1B Fee Is Unauthorized Tax, Judge Rules

By Britain Eakin

A Massachusetts federal judge ruled Monday that President Donald Trump's $100,000 H-1B visa payment constitutes a tax that Congress did not authorize the president to impose, declaring the fee unlawful and vacating it in its entirety.

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Calif. Judge Sides With Apple In Screen Sliding Patent Fight

By Lauren Berg

A California federal judge on Monday sided with Apple's assertion that a Swedish smartphone company's swipe-to-unlock patent lacks a valid written description, invalidating the patent owner's infringement claim.

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Shoals Solar Patent Dispute Kept Alive By NC Court

By Adam Lidgett

A North Carolina federal court has refused to find that three Shoals Technologies Group solar energy patents were unenforceable in the company's infringement suit but said the court would keep certain issues in mind should the case result in a damages verdict.

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Meta Tries Again To End Mass. Instagram Addiction Case

By Julie Manganis

Meta Platforms is again asking a judge to toss a complaint by Massachusetts over its allegedly addictive Instagram platform, saying any purported harms to teens are caused by third-party content rather than its own features, which it says are shielded by the First Amendment and federal law.

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Bankman-Fried Seeks Trump Pardon On FTX Fraud Conviction

By Dorothy Atkins

FTX founder Sam Bankman-Fried, who is currently serving a 25-year prison sentence, has asked President Donald Trump to pardon him for defrauding customers who placed billions of dollars with the fallen cryptocurrency exchange, according to the U.S. Department of Justice's Office of the Pardon Attorney.

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Analysis

USPTO Clamping Down Reexam Bids After IPR Denials

By Ryan Davis

A U.S. Patent and Trademark Office decision denying a request for ex parte reexamination of a patent because it reused arguments from an inter partes review that was discretionarily denied sends a clear message that the office wants challengers to pick one of the two options, attorneys say.

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POLICY & REGULATION

FCC Considering 120-Day Deadline For Permit Approvals

By Nadia Dreid

The Federal Communications Commission plans to propose telling states and municipalities that they have four months to act on applications before it will presume they've "effectively prohibited the provision of wireline telecommunications services," as part of a push to reduce what it perceives as barriers to broadband deployment.

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AT&T Pushes Feds To Preempt Calif. Copper Network Rules

By Christopher Cole

AT&T continues to press the Federal Communications Commission to declare that agency policy favoring the phaseout of copper wire networks should supersede California rules that make them harder to remove.

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FCC Needs To Clarify Router Ban's Scope, Tech Retailers Say

By Christopher Cole

Retailers are worried about the effect of a Federal Communications Commission effort to clamp down on foreign-made routers sold to consumers, saying the agency needs to better define the range of products covered by the new restrictions, which are aimed at reducing device security risks.

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Conn. Expands Solar Energy System Tax, Limits Exemption

By Zak Kostro

Connecticut expanded the scope of a tax on solar energy systems and limited a property tax exemption for solar energy facilities under a bill signed by the governor.

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Ariz. Authorizes Special Tax Districts To Fund Infrastructure

By Zak Kostro

Arizona authorized the formation of special taxing districts to fund infrastructure projects with revenue from property taxes and other sources under a bill signed by the governor.

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Brief

CenturyLink Waited 1 Year To Report Copper Theft Outage

By Nadia Dreid

CenturyLink might be in hot water with the Federal Communications Commission after taking more than a year to file the requisite paperwork with the agency following an outage in Washington state caused by copper theft.

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LITIGATION

Fed. Circ. Upholds Apple PTAB Win In Voice Recognition Case

By Adam Lidgett

The Federal Circuit on Monday refused to revive claims in a Zentian Ltd. patent related to voice recognition technology, backing a split Patent Trial and Appeal Board decision in favor of Apple.

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Seattle Fights Uber, Instacart Bid To Undo 9th Circ. Gig Ruling

By Benjamin Morse

The city of Seattle urged the Ninth Circuit not to revisit a panel decision backing its app-based worker deactivation ordinance against a First Amendment challenge from Uber and Instacart, arguing the companies are trying to turn an ordinary worker protection law into a speech case.

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Epic Games Skirts TM Suit Over Fortnite Messaging Tech

By Abigail Harrison

A North Carolina federal judge ended a patent dispute between a California technology company and Fortnite-maker Epic Games Inc., finding that patent claims related to the game's player-to-player messaging options were directed to an "abstract idea" under U.S. Supreme Court precedent.

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Archer Can't Ditch Trimmed Joby Air Taxi Trade Secrets Suit

By Linda Chiem

A California federal judge has said Joby Aviation can forge ahead with a pared-down lawsuit alleging rival electric air taxi developer Archer Aviation misappropriated its trade secrets, but has tossed Archer's "shotgun pleadings" counterclaims alleging Joby misclassified imports to evade tariffs and concealed its China ties.

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Game Co. Calls Out Rival's $1.4B Damages Enhancement Bid

By Elliot Weld

Mobile game company Papaya Gaming Ltd. has asked a Manhattan federal judge to deny rival Skillz Platform Inc.'s request for a $420 million jury verdict based on false advertising claims to be boosted to $1.4 billion, saying the amount is unprecedented and far greater than Papaya's profits over the entire period relevant to the case.

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Kaiser Member Seeks Class Cert. In Microsoft Site Tracker Suit

By Rachel Riley

A Kaiser Permanente member has called on a federal judge in Seattle to greenlight a series of national classes and California subclasses in her privacy lawsuit accusing Microsoft and Qualtrics of secretly intercepting millions of patients' private health information through tracking technologies embedded in the healthcare system's website.

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States Preparing To Challenge Paramount-Warner Bros. Deal

By Matthew Perlman

The New York Attorney General's Office is among state enforcers preparing to file a lawsuit challenging Paramount Skydance Corp.'s $110 billion deal for Warner Bros. Discovery Inc., the office confirmed to Law360 Monday.

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Catching Up With Delaware's Chancery Court

By Sydney Price

At the Delaware Chancery Court, a trial over World Wrestling Entertainment Inc.'s $21.4 billion merger with Ultimate Fighting Championship's parent company has been canceled, and a Reddit investor has filed a suit claiming the company used artificial intelligence to challenge his grievance about a charter provision.

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Brief

ITC Probing Amazon Smart Devices For AI Patent Infringement

By Jack McLoone

The U.S. International Trade Commission will investigate claims by artificial intelligence company Cerence AI that Amazon's smart devices infringe a collection of patents and thus should be subject to a limited exclusion order.

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DEALS

White & Case, Reed Smith Lead $1.2B Space SPAC Deal

By Jarek Rutz

Spacecraft developer Quantum Space LLC said Monday it plans to go public through a merger with Inflection Point Acquisition Corp. VI, a special purpose acquisition company, in a deal that values the combined company at about $1.2 billion and would give the business new funding to build out its national security-focused spacecraft platform.

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Brief

Freshfields-Led Arcline Bids $535M For Continental Aerospace

By Nate Beck

Freshfields LLP advised private equity firm Arcline Investment Management on a proposed acquisition of aircraft parts maker Continental Aerospace Technologies in a $535 million deal.

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ENFORCEMENT

CEO Was 'Central' To Sham Revenue Scheme, SEC Says

By Emilie Ruscoe

The former CEO of Lottery.com should not escape U.S. Securities and Exchange Commission claims he was a "central actor" in a scheme to cook the company's books, the regulator argued, telling a Manhattan federal judge that its enforcement action "extensively" details its fraud allegations against the executive.

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Brief

Adviser AI Use Under Scrutiny In NJ Securities Review

By George Woolston

New Jersey financial regulators said Monday that the state's annual examination of investment adviser business practices this year will take a hard look at how artificial intelligence is used in the construction of investment portfolios or recommendations to clients.

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PEOPLE

Womble Bond Adds Alston & Bird Patent Atty To IP Team

By Emily Johnson

Womble Bond Dickinson has brought on an Alston & Bird LLP partner to its Atlanta office, strengthening its patent prosecution and litigation practice.

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EXPERT ANALYSIS

Green Card Memo Warps Long-Standing Adjustment Process

A recent policy memorandum that treats a nonimmigrant visa holder’s decision to seek adjustment of status in the U.S., rather than at a U.S. consulate, as an adverse factor reinterprets existing discretionary frameworks, compounds risks for applicants required to apply abroad and changes practitioner approaches to application preparation, says attorney Jack Jrada.

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LEGAL INDUSTRY

Trial Boutiques Roll Out Associate Pay Raises

By Andrea Keckley

Three trial boutiques are planning to bump associate salaries by at least $10,000 next month, the firms confirmed to Law360 Pulse Tuesday.

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Interview

Burford Sees Growing Market For Stakes In Elite Firms

By Marialuisa Taddia

Burford Capital plans to step up minority equity investments in elite law firms in the U.K. and U.S. that already use its litigation finance, as investor appetite for law firm equity increases, the firm's new London-based chief operating officer told Law360.

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Fox Rothschild Sued Over Data Breach Tied To Ransom Group

By Allison Grande

Fox Rothschild LLP was hit with a proposed class action in Pennsylvania federal court Tuesday accusing the national law firm of failing to adequately protect the "highly sensitive and confidential" personal data entrusted to it from being exposed to a prominent ransomware group in a data breach last month. 

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All Attys In Miss. Suit DQd For Back-To-Back-To-Back AI Flubs

By Emily Sawicki

A Mississippi federal judge who found herself in the "unusual scenario" of reviewing briefs with artificial intelligence-created errors filed by both parties in a lawyer's fee dispute against a Magnolia State municipality has terminated all four attorneys from the case.

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Q&A

Next ABA International Ethics Chair Looks To Year Ahead

By Emily Sawicki

Rob Misey, incoming chair of the American Bar Association's International Ethics Committee, brings a passion for international dialogue to his new role, set to begin in September. Misey discussed his goals of initiating ethics conversations throughout the ABA and with counterparts overseas.

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Analysis

Fed. Circ. 'Recalibrates' Analysis For Constitutional Standing

By Dani Kass

The Federal Circuit eased the line between constitutional and statutory standing last month when reviving A.L.M. Holding Co.'s infringement suit against Zydex Industries Private Ltd., in a decision attorneys say makes standing more accessible and clarifies how patent licensors can maintain their rights.

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5 Firms Barred From Handling NFL Parkinson's Claims

By P.J. D'Annunzio

Five law firms have been disqualified from representing claimants seeking NFL concussion settlement funds for running a scheme that "laundered" questionable Parkinson's disease claims through the system to obtain $95 million, including $20 million in fees, a special masters' report issued Monday says.

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Pa. Law Firm Calls Uber and FedEx's RICO Suit A 'Sham'

By James Boyle

Nearly a month after its motion to dismiss a RICO suit filed by Uber and FedEx was denied by a Philadelphia federal judge, personal injury firm Simon & Simon PC has lodged a counterclaim against the companies, saying their complaint is a "frivolous sham."

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Senate Confirms Longtime Kan. Prosecutor, KBI Chief To Bench

By Courtney Bublé

The Senate voted 51-46, along party lines, on Tuesday to confirm Tony Mattivi, director of the Kansas Bureau of Investigation, to serve on the bench in the District of Kansas.

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COMPANIES IN TODAY'S NEWS

AT&T Inc.

Acquira

Advanced Bionics AG

Affordable Care LLC

Amazon.com Inc.

American Bar Association

Anthropic PBC

Apple Inc.

Archer Aviation Inc.

Arcline Investment Management LP

Burford Capital LLC

CITGO Petroleum Corp.

CLS Bank International

CVS Health Corp.

Chevron Corp.

Consumer Technology Association

D.R. Horton Inc.

Epic Games Inc.

FedEx Corp.

Forestar Group Inc.

Fort Point Capital

Fractus SA

Gold Reserve Inc

Google LLC

Hisense Co. Ltd.

Hong Kong Exchanges and Clearing

Ingevity Corp.

Instacart

Instagram Inc.

InterContinental Hotels Group PLC

Ironclad Inc.

Joby Aero Inc

Johnson & Johnson

Kaiser Permanente

KnowBe4 Inc.

Learning Resources Inc.

LinkedIn Corp.

Live Nation Entertainment Inc.

Lumen Technologies Inc.

Merck & Co. Inc.

Meta Platforms Inc.

Microsoft Corp.

Moelis & Co.

NBCUniversal Media LLC

NETGEAR, Inc.

NFL Enterprises LLC

Nasdaq Inc.

National Federation of Independent Business

Netflix Inc.

Nexstar Media Group Inc.

Nokia Corp.

OpenAI OpCo LLC

Pacific Bells LLC

Paramount Global

Qualtrics

Reddit Inc.

Samsung Electronics Co. Ltd.

Skydance Media LLC

Stanford University

State Bar of Georgia

Tegna Inc.

The Boeing Co.

The DIRECTV Group Inc.

The District of Columbia Bar

TikTok Inc.

Twitter Inc.

Uber Technologies Inc.

Ultimate Fighting Championship Ltd.

Union Internationale des Avocats

Virtu Financial Inc.

Vista Equity Partners Management LLC

Walmart Inc.

Warner Bros. Discovery Inc.

Warner Bros. Entertainment Inc.

WestRock Co.

World Wrestling Entertainment Inc.

YouTube Inc.

LAW FIRMS IN TODAY'S NEWS

Ahmad Zavitsanos

Akin Gump

Alston & Bird

Baker & Hostetler

Baratta Law

Bartlit Beck

Bird Marella

Blank Rome

Carlton Fields

Christian & Small

Cooley LLP

Covington & Burling

DLA Piper

DWF LLP

Daniel Williams & Associates

Davis Wright Tremaine

Dilworth Paxson

Ellis & Winters

Elsberg Baker

Eversheds Sutherland

Federman & Sherwood

Fenwick & West

Fish & Richardson

Fox Rothschild

Frederick M. Lehrer Attorney at Law

Freshfields

Gibson Dunn

Glancy Prongay

Gordon Rees

Graves & Shaw

Haun Mena

Honigman LLP

Jones Day

Kent & Risley

King & Spalding

Kirkland & Ellis

Knobbe Martens

Kopelowitz Ostrow

Littler Mendelson

McDermott Will & Schulte

Milbank LLP

Milberg PLLC

Morrison & Foerster

Noroozi PC

Orrick Herrington

PCB Byrne

Perkins Coie

Quinn Emanuel

Reed Smith

Reinhart Boerner

Robins Kaplan

Schertler Onorato

Shapiro Arato

Simon & Simon PC

Sterne Kessler

Summit Law Group

Susman Godfrey

Torridon Law

Troutman

Wachtell Lipton

Watkins Calcara

White & Case

Wilkinson Stekloff

Williams Mullen

WilmerHale

Wilson Sonsini

Withersworldwide

Womble Bond

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Attorney General's Office

California Public Utilities Commission

Centers for Disease Control and Prevention

Commonwealth of Massachusetts

Defense Advanced Research Projects Agency

Delaware Court of Chancery

European Union

Federal Bureau of Investigation

Federal Communications Commission

Internal Revenue Service

International Trade Commission

Kansas Attorney General's Office

Massachusetts Port Authority

National Aeronautics and Space Administration

New York Attorney General's Office

Ohio Supreme Court

Patent Trial and Appeal Board

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

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

U.S. Citizenship and Immigration Services

U.S. Court of Appeals for the Federal Circuit

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Department of Defense

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. Department of Labor

U.S. Department of State

U.S. District Court for the District of Massachusetts

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

U.S. District Court for the Eastern District of North Carolina

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

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

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

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

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

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

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

Unified Patent Court