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Private Equity
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March 19, 2026
Prologis, GIC Ink $1.6B Build-To-Suit Logistics JV
Logistics real estate leader Prologis and investor GIC announced that they have formed a $1.6 billion joint venture to develop and own build-to-suit logistics facilities across major U.S. markets.
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March 19, 2026
Ex-Workers Ask 11th Circ. To Overturn ERISA Exhaustion Rule
Former workers for a seafood company urged the full Eleventh Circuit to overturn precedent that led a three-judge panel to uphold dismissal of their suit alleging mismanagement of an employee stock ownership plan, arguing the court's strictest-in-the-nation standard on exhausting administrative remedies didn't align with federal benefits law.
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March 19, 2026
3M, Bain Buying Madison Fire & Rescue For $1.95B
Worker safety and consumer goods conglomerate 3M, advised by King & Spalding LLP, and private equity giant Bain Capital, led by Kirkland & Ellis LLP, on Thursday announced that they have agreed to acquire Paul Hastings LLP-advised Madison Fire & Rescue from Madison Industries in a $1.95 billion deal.
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March 19, 2026
PE Behemoths Eye $10B OpenAI JV, Plus More Rumors
Private equity firms, including TPG and Bain Capital, are considering forming a $10 billion joint venture with OpenAI, Finnish lift maker Kone Oyj is mulling an acquisition of its rival TK Elevator, and Australian investment firm Macquarie has backed out of a bidding war for a stake in Kuwait's oil pipeline network due to the conflict in the Middle East.
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March 18, 2026
Kyndryl Hid Cash Management Malpractice, Investor Claims
Information technology services company Kyndryl Holdings Inc. and a current and former executive were hit with a proposed shareholder class action accusing them of misleading investors with representations that the company had sufficient control over its cash management practices.
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March 18, 2026
BofA Faces Suit Over Alleged $328M Crypto Ponzi Scheme
Bank of America NA is the latest financial institution to face claims it aided and abetted a $328 million Ponzi scheme allegedly operated by the now-criminally charged CEO of cryptocurrency investment firm Goliath Ventures.
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March 18, 2026
NYU Tax Center Backs IRS In 2nd Circ. Limited Partner Fight
An investment company's bid to restore a self-employment tax exemption for its limited partners improperly relies on state law to define their federal tax status, New York University's Tax Law Center told the Second Circuit in an amicus brief supporting the IRS.
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March 18, 2026
Security Biz Xbow Valued At $1B Following $120M Fundraise
Offensive security company Xbow on Wednesday revealed that it reached a $1 billion valuation after closing a $120 million Series C funding round.
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March 18, 2026
KKR Plugs $310M Into Partnership With Indian E-Bus Biz
Private equity giant KKR on Wednesday unveiled a strategic partnership with Indian electric commercial vehicle maker PMI Electro Mobility Solutions Private Ltd. and Allfleet in which KKR will plug up to $310 million to help grow Allfleet's electric bus platform and advance PMI Electro's manufacturing capabilities.
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March 17, 2026
SIFMA, Other Orgs Weigh In On SEC's 'Small Entity' Proposal
The Securities Industry and Financial Markets Association is urging the U.S. Securities and Exchange Commission to increase its oversight of investment advisers should it move forward with a plan to categorize more mutual funds and advisers as small entities, saying the current playing field disadvantages broker-dealers.
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March 17, 2026
OpenAI, Musk Can't Argue Over Wealth In $38M Fraud Trial
A California federal judge laid out the ground rules for an upcoming April jury trial on Elon Musk's claims OpenAI duped him into donating $38 million, barring evidence regarding the "wealth or lack thereof of any party," unless the dispute reaches the punitive damages stage, which the judge called "unlikely."
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March 17, 2026
BlackRock, State Street Want GOP States' ESG Suit Pared
BlackRock and State Street have asked a Texas federal judge to significantly winnow antitrust claims from Republican state attorneys general accusing the asset managers of driving up coal prices, arguing that claims based on electricity buyers are too far removed from coal.
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March 17, 2026
Mich. Judge Denies SEC Win On Crowdfund Fraud, Urges Deal
A Michigan federal judge Tuesday shot down the U.S. Securities and Exchange Commission's bid for summary judgment against a man the agency accused of orchestrating a $2 million cannabis crowdfunding fraud, finding the case might be better suited for settlement talks.
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March 17, 2026
Gradient Wraps $220M AI-Focused Venture Fund
San Francisco-based venture capital firm Gradient on Tuesday announced that it wrapped its latest flagship seed fund after securing $220 million in investor commitments.
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March 17, 2026
Skechers Controllers Accused Of Unfair $9.4B 3G Buyout
A Detroit pension fund is challenging the $9.4 billion take-private sale of Skechers U.S.A. Inc. to 3G Capital in Delaware Chancery Court, alleging the footwear company's controlling stockholders engineered an unfair deal that favored themselves at the expense of minority investors.
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March 17, 2026
Drug Developer GNQ To Go Public Via $500M SPAC Deal
Techbio company GNQ Insilico has announced plans to go public by merging with special-purpose acquisition company IB Acquisition Corp. in a deal that values it at $500 million and was built by four law firms.
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March 17, 2026
4th Circ. Seems Leery Of Plant Closure Suit Against PE Firm
The Fourth Circuit was skeptical Tuesday of ex-workers' bid to revive a proposed class action accusing a private equity firm of violating federal laws when it abruptly shut down a manufacturing plant, hinting that dropping the firm from a prior suit over the closure may preclude their case.
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March 17, 2026
Reed Smith Launches In Boston With 12 Attys From 7 Firms
Reed Smith LLP has launched its first office in Boston with 12 lawyers from White & Case, Goodwin Procter, McDermott Will & Schulte, Morrison Foerster, Kirkland & Ellis, Weil Gotshal & Manges and K&L Gates, the firm announced Tuesday.
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March 17, 2026
Sands Capital Wraps $1.1B Global Innovation Fund
Private equity shop Sands Capital revealed on Tuesday that it closed its third innovation fund after securing $1.1 billion of investor commitments.
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March 17, 2026
Victory Bolsters Janus Henderson Bid As Willkie Advises
Victory Capital Holdings urged Janus Henderson Group on Tuesday to engage on a revised takeover proposal that boosts the cash portion of its bid while trimming the stock component, a move that Victory said provides greater value certainty to Janus and its shareholders.
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March 16, 2026
WisdomTree Snags Atlantic House In $200M Deal
Financial services company WisdomTree Inc. on Monday announced plans to acquire London-based Atlantic House Holdings Ltd., in a deal worth roughly $200 million that was built by three law firms.
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March 16, 2026
Perpetual Selling Wealth Unit To Bain Capital For Up To $424M
Perpetual Ltd. said Monday it has agreed to sell its wealth management business to private equity firm Bain Capital for up to 600 Australian dollars (about $424 million), with King & Wood Mallesons advising the Australian financial services firm.
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March 16, 2026
Honigman Continues PE Growth In Chicago With 2 New Attys
Honigman LLP announced two Chicago-based additions to its private equity bench Monday — one from Kirkland & Ellis LLP and another from Ropes & Gray LLP.
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March 16, 2026
4 Firms Guide Crypto Firm Abra's $750M SPAC Merger
Cryptocurrency platform Abra said Monday that it will go public through a merger with a special purpose acquisition company in a deal advised by four firms that's based on a $750 million valuation for Abra.
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March 16, 2026
SEC Enforcement Head Resigns After 7 Months
The U.S. Securities and Exchange Commission announced Monday that its enforcement director, Margaret "Meg" Ryan, has resigned from the agency after nearly seven months on the job.
Expert Analysis
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AI Evidence Rule Tweaks Encourage Judicial Guardrails
Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.
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Series
The Law Firm Merger Diaries: Getting The Message Across
Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.
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Opinion
Horizontal Stare Decisis Should Not Be Casually Discarded
Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.
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10 Commandments For Agentic AI Tools In The Legal Industry
Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.
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Series
Preaching Makes Me A Better Lawyer
Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.
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Why Digital Asset Treasuries Are Drawing Regulator Concerns
Financial regulators’ recent focus on potential insider trading and investor risk at hundreds of publicly traded digital asset treasuries may have been summoned by how quickly this rapidly expanding market responds to asset allocation decisions, as well as variations in risk disclosure practices across the sector, say attorneys at The Brattle Group.
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SEC Penalties Trended Down In FY 2025, Offering 2026 Clues
The U.S. Securities and Exchange Commission's settled corporate penalties in fiscal year 2025 show a clear dividing line, as the largest penalties all came before Inauguration Day, a trend that may continue as the types of cases that lead to the biggest penalties seem to be no longer favored by the commissioners, say attorneys at Dentons.
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Series
Law School's Missed Lessons: Practicing Client-Led Litigation
New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.
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A Close Look At The Evolving Interval Fund Space
Interval funds — closed-end registered investment companies that make periodic repurchase offers — have recently moved to the center of the conversation about retail access to private markets, spurred along by President Donald Trump's August executive order incorporating alternative assets into 401(k) plans and target date strategies, say attorneys at Simpson Thacher.
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Series
The Law Firm Merger Diaries: How To Build On Cultural Fit
Law firm mergers should start with people, then move to strategy: A two-level screening that puts finding a cultural fit at the pinnacle of the process can unearth shared values that are instrumental to deciding to move forward with a combination, says Matthew Madsen at Harrison.
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Considerations When Invoking The Common-Interest Privilege
To successfully leverage the common-interest doctrine in a multiparty transaction or complex litigation, practitioners should be able to demonstrate that the parties intended for it to apply, that an underlying privilege like attorney-client has attached, and guard against disclosures that could waive privilege and defeat its purpose, say attorneys at DLA Piper.
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Series
The Law Firm Merger Diaries: Making The Case To Combine
When making the decision to merge, law firm leaders must factor in strategic alignment, cultural compatibility and leadership commitment in order to build a compelling case for combining firms to achieve shared goals and long-term success, says Kevin McLaughlin at UB Greensfelder.
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Opinion
Despite Deputy AG Remarks, DOJ Can't Sideline DC Bar
Deputy Attorney General Todd Blanche’s recent suggestion that the D.C. Bar would be prevented from reviewing misconduct complaints about U.S. Department of Justice attorneys runs contrary to federal statutes, local rules and decades of case law, and sends the troubling message that federal prosecutors are subject to different rules, say attorneys at HWG.
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From Bank Loans To Private Credit: Tips For Making The Shift
The relationship between private credit and syndicated bank deals will evolve as the private market continues to grow, introducing new challenges for borrowers comparing financing options, particularly pertaining to loan documentation and working capital, say attorneys at Haynes Boone.
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Rule Amendments Pave Path For A Privilege Claim 'Offensive'
Litigators should consider leveraging forthcoming amendments to the Federal Rules of Civil Procedure, which will require early negotiations of privilege-related discovery claims, by taking an offensive posture toward privilege logs at the outset of discovery, says David Ben-Meir at Ben-Meir Law.