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Private Equity
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April 01, 2026
SpaceX Confidentially Files Plans For Blockbuster IPO
Elon Musk's SpaceX has reportedly filed confidential plans with the U.S. Securities and Exchange Commission for a blockbuster initial public offering that could value the private space exploration company at up to $1.75 trillion, setting up the highly anticipated IPO to be one of the largest ever.
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April 01, 2026
Ex-CFO Can't Offset $35M Restitution With Crypto, Feds Say
Federal prosecutors took issue Wednesday with a convicted former software executive's push to reduce the amount of money he needs to pay back in his $35 million fraud case, telling a Seattle federal court that Nevin Shetty shouldn't be able to offset his restitution obligation with cryptocurrency tokens.
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April 01, 2026
Timber Co., State Street Win Initial Toss Of $1.5B Pension Suit
A timber company and its independent fiduciary won dismissal of a proposed class action from pensioners who said the companies' choice of annuity provider for a $1.5 billion pension transfer put their retirements at unnecessary risk, after a Washington federal judge ruled that allegations failed to state a claim.
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April 01, 2026
Reps. Probe Hegseth's Attempted Investment Pre-Iran Strikes
Democratic lawmakers have kicked off a probe into Secretary of Defense Pete Hegseth's purported attempt to place a multimillion-dollar investment in a BlackRock fund specializing in defense industry companies just weeks before the U.S. military conducted airstrikes in Iran.
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April 01, 2026
Monthly Merger Review Snapshot
The Justice Department allowed Live Nation to keep Ticketmaster while state attorneys general continue to sue, a $14 billion Boston Scientific deal drew Federal Trade Commission scrutiny, state enforcers challenged Nexstar's purchase of Tegna, and a threatened FTC challenge forced the abandonment of a laser eye surgery deal.
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April 01, 2026
Paul Weiss-Led OceanSound Nets $3.4B For 3rd Fund
Paul Weiss Rifkind Wharton & Garrison LLP-advised OceanSound Partners on Wednesday revealed that it clinched its third fund and related co-investment vehicles, with $3.4 billion in tow to invest across the aerospace, defense, government and highly regulated enterprise end markets.
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April 01, 2026
AI Analytics Co. 9fin Raises $170M Series C At $1.3B Valuation
9fin, an analytics platform using artificial intelligence for debt capital markets, announced on Tuesday the raising of $170 million in Series C funding at a $1.3 billion valuation.
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April 01, 2026
Fortress Buys Bankruptcy Services Provider Omni
Investment management firm Fortress has acquired bankruptcy claims and noticing agent Omni, the two companies have announced.
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April 01, 2026
Intel Paying $14.2B To Buy Apollo's Stake In Irish Chip Plant
Intel Corp. said Wednesday that it has agreed to pay $14.2 billion to repurchase from Apollo a 49% equity interest in the companies' joint venture at the Fab 34 chip manufacturing plant in Ireland, in a deal steered by three law firms.
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March 31, 2026
Del. Chancery Tosses B. Riley Investor Loss Suit
The Delaware Chancery Court dismissed a stockholder derivative lawsuit accusing B. Riley Financial Inc. insiders and directors of breaching their fiduciary duties over hundreds of millions of dollars in losses tied to the failed Franchise Group investment, ruling that the claims amounted to an impermissible hindsight critique of a risky business decision.
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March 31, 2026
Anesthesia Parent Can't Duck Antitrust Suit, But Affiliate Can
The parent company of U.S. Anesthesia Partners Inc. remains in the crosshairs of a private antitrust suit accusing it of trying to monopolize Texas anesthesia services, while a federal judge dismissed for now claims against an affiliate that he said was too far removed from the alleged rollup strategy.
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March 31, 2026
DOL's Push To Curb 401(k) Suits Could Face Court Challenges
The U.S. Department of Labor's recent proposal to give retirement plan fiduciaries legal cover to select a broader range of investments aims to reduce ERISA litigation, but attorneys on both sides of the bar say they expect the rule to face legal challenges if finalized as proposed.
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March 31, 2026
Goodwin-Led Whoop Raises $575M At $10B Valuation
Wearable technology company Whoop Inc. announced Tuesday that it hit a $10.1 billion valuation after wrapping its latest funding round led by Goodwin Procter LLP, securing $575 million in investor commitments.
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March 31, 2026
Auto Platform Carvix To Go Public Via $1B SPAC Merger
Technology-driven automotive platform Carvix Inc. on Tuesday unveiled plans to go public by merging with special purpose acquisition company Crown Reserve Acquisition Corp. I in a deal that values it at an implied enterprise value of $1 billion and was built by three law firms.
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March 31, 2026
Debevoise-Led StepStone Clinches $3.1B Vehicle
Debevoise & Plimpton LLP-advised private markets investment shop StepStone Group on Tuesday revealed that it closed its structured solutions vehicle with $3.1 billion in tow, which will be used to invest primarily in private market secondaries.
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March 31, 2026
Engineering Co. Executives, Board Prevail In ESOP Fight
Executives and board members at a mechanical engineering company defeated a class action claiming top brass were illegally compensated for helping refinance an employee stock ownership plan, with a Georgia federal judge ruling that workers hadn't shown that management concealed the shares they owned.
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March 31, 2026
Kirkland Advises Digital Realty On $3.25B Data Center Fund
Data center platform Digital Realty said it has closed its first U.S. hyperscale data center fund with $3.25 billion in equity commitments with Kirkland & Ellis LLP advising.
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March 30, 2026
Blumenthal Questions SEC Over Crypto Cases, Ryan Exit
U.S. Sen. Richard Blumenthal is demanding answers from U.S. Securities and Exchange Commission Chairman Paul Atkins about the sudden resignation of the regulator's enforcement director and whether her departure was related to cryptocurrency cases, including one touching on the Trump family's ventures.
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March 30, 2026
Data Center Satellite Co. Hits $1.1B Valuation In Series A Round
A company that develops data centers in space said Monday that it has raised $170 million in its Series A fundraising round, becoming a unicorn startup with a $1.1 billion overall valuation.
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March 30, 2026
$2.5B Stock Deal Shorting Claims Receive Class Treatment
An Illinois federal judge has decided to give class treatment to a West Monroe Partners employee's claim that the consulting firm shortchanged workers by at least $50 million when it bought up their stock.
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March 30, 2026
FTC Says Anesthesia Group Cheered While Raising Prices
The Federal Trade Commission pushed back against a bid from U.S. Anesthesia Partners to avoid facing trial on claims that it monopolized the market through a rollup strategy, saying the company celebrated its ability to dramatically increase prices.
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March 30, 2026
Inflexion Secures €4.5B For 7th European Buyout Fund
Private equity shop Inflexion on Monday announced that it closed its seventh buyout fund above target at its hard cap of €4.5 billion ($5.2 billion).
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March 30, 2026
Cleary-Led Blackstone Wraps Record $6.3B Life Sci Fund
Private equity giant Blackstone, led by Cleary Gottlieb Steen & Hamilton LLP, revealed Monday that it wrapped its sixth life sciences fund after securing $6.3 billion of capital commitments, marking what the firm says is the largest private life sciences fund ever raised.
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March 30, 2026
DOL Rule Would Expand Alternatives In Retirement Plans
The U.S. Department of Labor unveiled a proposal Monday to expand access to alternative investments, like private equity and digital assets, in retirement plans by establishing a safe harbor process for fiduciaries to follow when deciding where retirees' savings go.
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March 30, 2026
5 Firms Advise On $29B Sysco, Jetro Restaurant Depot Deal
Wholesale restaurant food distributor Sysco said Monday it has agreed to acquire Jetro Restaurant Depot at a total enterprise value of approximately $29.1 billion, in a deal steered by at least five law firms.
Expert Analysis
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NYC Bar Opinion Warns Attys On Use Of AI Recording Tools
Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.
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Series
The Biz Court Digest: Dispatches From Utah's Newest Court
While a robust body of law hasn't yet developed since the Utah Business and Chancery Court's founding in October 2024, the number of cases filed there has recently picked up, and its existence illustrates Utah's desire to be top of mind for businesses across the country, says Evan Strassberg at Michael Best.
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4 Quick Emotional Resets For Lawyers With Conflict Fatigue
Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to shake off tense interactions or return to a calm baseline — simple therapeutic techniques for resetting the nervous system can help break the cycle, says Chantel Cohen at CWC Coaching & Therapy.
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3 Key Ohio Financial Services Developments From 2025
Ohio's banking and financial services sector saw particularly notable developments in 2025, including a significant Ohio Supreme Court decision on creditor disclosure duties to guarantors in Huntington National Bank v. Schneider, and some major proposed changes to the state's Homebuyer Plus program, says Alex Durst at Durst Kerridge.
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Series
Playing Tennis Makes Me A Better Lawyer
An instinct to turn pain into purpose meant frequent trips to the tennis court, where learning to move ahead one point at a time was a lesson that also applied to the steep learning curve of patent prosecution law, says Daniel Henry at Marshall Gerstein.
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Series
Judges On AI: How Judicial Use Informs Guardrails
U.S. Magistrate Judge Maritza Dominguez Braswell at the U.S. District Court for the District of Colorado discusses why having a sense of how generative AI tools behave, where they add value, where they introduce risk and how they are reshaping the practice of law is key for today's judges.
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Series
Adapting To Private Practice: 5 Tips From Ex-SEC Unit Chief
My move to private practice has reaffirmed my belief in the value of adaptability, collaboration and strategic thinking — qualities that are essential not only for successful client outcomes, but also for sustained professional satisfaction, says Dabney O’Riordan at Fried Frank.
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Series
Law School's Missed Lessons: How To Start A Law Firm
Launching and sustaining a law firm requires skills most law schools don't teach, but every lawyer should understand a few core principles that can make the leap calculated rather than reckless, says Sam Katz at Athlaw.
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Key False Claims Act Trends From The Last Year
The False Claims Act remains a powerful enforcement tool after some record verdicts and settlements in 2025, and while traditional fraud areas remain a priority, new initiatives are raising questions about its expanding application, says Veronica Nannis at Joseph Greenwald.
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Series
Hosting Exchange Students Makes Me A Better Lawyer
Opening my home to foreign exchange students makes me a better lawyer not just because prioritizing visiting high schoolers forces me to hone my organization and time management skills but also because sharing the study-abroad experience with newcomers and locals reconnects me to my community, says Alison Lippa at Nicolaides Fink.
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How A 1947 Tugboat Ruling May Shape Work Product In AI Era
Rapid advances in generative artificial intelligence test work-product principles first articulated in the U.S. Supreme Court’s nearly 80-year-old Hickman v. Taylor decision, as courts and ethics bodies confront whether disclosure of attorneys’ AI prompts and outputs would reveal their thought processes, say Larry Silver and Sasha Burton at Langsam Stevens.
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Navigating Privilege Law Patchwork In Dual-Purpose Comms
Three years after the U.S. Supreme Court declined to resolve a circuit split in In re: Grand Jury, federal courts remain split as to when attorney-client privilege applies to dual-purpose legal and business communications, and understanding the fragmented landscape is essential for managing risks, say attorneys at Covington.
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What Changed For Healthcare Transaction Law In 2025
Though much of the legislation introduced last year to expand state scrutiny of healthcare transactions did not pass, investors should pay close attention to the overarching trends, which are likely to continue in this year's legislative sessions, say attorneys at Ropes & Gray.
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Decoding The SEC's Plans To Revitalize The US IPO Market
Chairman Paul Atkins' recent speech showcased the U.S. Securities and Exchange Commission's plans to ease certain disclosure burdens, rein in politicized shareholder voting and mitigate litigation risk, which could encourage more U.S. companies to seek public listings stateside and make U.S. stock exchanges more competitive for foreign companies, say attorneys at Baker McKenzie.
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2 OFAC Sanctions Actions Highlight PE Compliance Risk
Recent Office of Foreign Assets Control enforcement actions against two private equity firms for facilitating sanctioned persons' access to the U.S. financial system underscore the need for nonbank financial institutions' compliance programs to consider the sanctions risk of their investors, including indirect dealings with blocked persons, say attorneys at Paul Weiss.