Madison Air Eyes $2.2B IPO In Biggest US Debut Of 2026

By Jade Martinez-Pogue

Air ventilation and filtration company Madison Air Solutions on Monday filed plans with U.S. regulators to raise roughly $2.2 billion in an initial public offering, which would be the largest public debut of 2026.

Read full article » | Save to favorites »

Crypto Lobby Pushes Back On Call For Rules, Not Exemptions

By Aislinn Keely

The Blockchain Association on Monday urged the U.S. Securities and Exchange Commission to stay the course on its plans to issue exemptions for crypto projects, firing back at Citadel Securities' assertions that decentralized projects should broadly face the same obligations as traditional SEC-regulated intermediaries.

Letter attached | Read full article » | Save to favorites »

Musk Slams 'Premature' Judgment After Twitter Stock Verdict

By Dorothy Atkins

Elon Musk objected Friday to a California federal judge entering judgment against him following a securities fraud verdict over tweets about his $44 billion Twitter acquisition, arguing there are still numerous unresolved issues and entering a final judgment on a classwide basis at this stage is "premature and improper."

3 documents attached | Read full article » | Save to favorites »

3rd Circ. Backs Kalshi In Prediction Markets Battle With NJ

By George Woolston

A split Third Circuit panel on Monday backed a lower court's order blocking New Jersey from enforcing a sports gambling ban on trading platform KalshiEx, with the dissenting judge calling Kalshi's actions a "performative sleight" meant to hide that its products are sports gambling.

Decision attached | Read full article » | Save to favorites »

4 Firms Guide Healthcare REIT's Early IPO Steps

By Grace Dixon

National Healthcare Properties filed Monday for an initial public offering in which the healthcare real estate investment trust preliminarily estimated it could raise $100 million, advised by Paul Weiss Rifkind Wharton & Garrison LLP and two other firms.

Read full article » | Save to favorites »

JPMorgan's Dimon Has 'Mixed' Feelings On Capital Revamp

By Jon Hill

The head of the nation's largest bank on Monday raised doubts about the Trump administration's plan to overhaul bank capital rules, casting it as an improvement on a Biden-era draft while saying it still includes some "frankly nonsensical" aspects.

Letter attached | Read full article » | Save to favorites »

M&T Beats Investor Suit Over Delayed $3.7B Hudson Merger

By Sarah Jarvis

M&T Bank Corp. has beaten investor claims that it hid regulatory problems that led to delays in its $3.7 billion merger with Hudson City Bancorp Inc., with a federal judge in Delaware finding that investors failed to show M&T made material misrepresentations or omissions.

Opinion attached | Read full article » | Save to favorites »

Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court's docket this past week featured a mix of high-profile corporate disputes, insider trading allegations, contract fights and significant rulings shaping fiduciary duty and deal litigation.

Read full article » | Save to favorites »

VNET Investors Ink $6M Deal Over Post-Default Downturn

By Sydney Price

Investors of China-based internet and data center service provider VNET have asked a New York federal judge to preliminarily approve a $5.9 million deal to end claims that the company concealed its founder's default on a loan agreement he entered into with another company using his personal shares of VNET.

2 documents attached | Read full article » | Save to favorites »

Judge Won't Alter $631K SEC Penalty Against Atty

By Emilie Ruscoe

A Connecticut attorney found liable for violating securities laws as a part of an alleged sham merger agreement can't get his $631,000 penalty modified after a Boston federal judge rejected the attorney's argument that the penalty sum reflects an unjust "double-count[ing]" error.

Order attached | Read full article » | Save to favorites »

Sidley Lures Cravath VC Group's Co-Head To Lead Tech Team

By Tracey Read

Sidley Austin LLP announced Monday that the former co-head of Cravath Swaine & Moore LLP's venture capital and growth equity practice has joined the firm as head of technology capital markets.

Read full article » | Save to favorites »

How SEC And CFTC Are Attempting To End Their 'Turf War'

Through coordinated examinations and a shared aim to end duplicative regulation, the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission's recent memorandum of understanding could represent a significant shift in the regulatory landscape for market participants subject to the jurisdiction of both agencies, say attorneys at Jenner.

1 document attached | Read full article » | Save to favorites »

Regulators' Basel Pitch May Bring Banks Capital Relief

The prudential banking agencies' new proposals to implement the so-called Basel III endgame rules — which would modify the approach to risk-based capital, among other notable changes — represent a fundamental directional shift in bank capital requirements aimed at increasing lending capacity, says Chen Xu at Debevoise.

3 documents attached | Read full article » | Save to favorites »

What A Court Doc Audit Reveals About Erroneous Filings

My audit of 1,522 court documents from last month found that over 95% contained at least one verifiable error, with fewer than 1% showing clear indicators of artificial intelligence use — highlighting above all else that lawyers may want to focus most on strengthening their review processes, says Elliott Ash at ETH Zurich.

Read full article » | Save to favorites »

Pregnant DLA Piper Atty Fired For 'Sloppy' Work, Jury Told

By Pete Brush

A former trademark associate told a Manhattan federal jury Monday that DLA Piper "blindsided" her with termination after she announced she was pregnant, but the BigLaw firm countered that she was fired for "repeated mistakes" and other on-the-job shortcomings.

2 documents attached | Read full article » | Save to favorites »

Files Of 10 Jones Day Clients Breached In Cyberattack

By Aebra Coe

Jones Day is the latest law firm to be hit by a cyberattack, the firm confirmed Monday, revealing that an unauthorized party accessed files of 10 clients.

Read full article » | Save to favorites »

Troutman, Ex-Associate Reach Deal In Discrimination Suit

By Emily Sawicki

A former Troutman Pepper Locke LLP associate asked a D.C. federal court Monday to pause a suit as the two sides have reported they had reached a settlement agreement over her discrimination claims against the firm, sidestepping a trial set to begin next month.

Motion attached | Read full article » | Save to favorites »

Ex-EEOC Leaders Back BigLaw Firms In Trump EO Appeal

By Patrick Hoff

A group of former U.S. Equal Employment Opportunity Commission officials are backing four BigLaw firms in the Trump administration's consolidated D.C. Circuit appeal seeking to revive executive orders targeting the firms, arguing the president's directives contradict how Congress meant for the EEOC to operate.

Brief attached | Read full article » | Save to favorites »

Jackson Walker, Sorrento CEO Hit With RICO Suit Over Ch. 11

By Emlyn Cameron

More than a dozen Sorrento Therapeutics shareholders sued law firm Jackson Walker LLP and the defunct biopharmaceutical company's ex-CEO for over $100 million, accusing them of conspiring to launch an unnecessary bankruptcy in an irrelevant jurisdiction.

Complaint attached | Read full article » | Save to favorites »

Analysis

Can State Courts Tame The 'Wild West' Of Judicial Security?

By Cara Bayles

As threats against local judges continue to ramp up, protection and incident tracking varies not only from state to state but county to county, making it difficult to draw the national judicial security landscape. Now, lawmakers are looking to use federal resources to even out disparities.

Read full article » | Save to favorites »

LSC Seeks $2.14B As White House Pushes To Slash Funding

By Marco Poggio

The Legal Services Corp. is asking Congress for $2.14 billion in fiscal year 2027 to fund civil legal services for low-income Americans who cannot afford an attorney.

Read full article » | Save to favorites »

Atty Convicted Of Staging Truck Crashes Seeks New Trial

By Parker Quinlan

A disbarred New Orleans attorney has asked a federal judge in Louisiana for a new insurance fraud trial, arguing a suite of issues from her federal trial last month caused her to receive what she described in a filing as a "miscarriage of justice."

1 document attached | Read full article » | Save to favorites »

Trump Orders Could Chill US Arbitration, Group Warns

By Caroline Simson

The College of Commercial Arbitrators has urged the D.C. Circuit to reject the Trump administration's consolidated D.C. Circuit appeal seeking to revive executive orders yanking the security clearances of four BigLaw firms, arguing a contrary ruling would "imperil" arbitration in the U.S.

Brief attached | Read full article » | Save to favorites »

Ex-Wis. Judge Loses Bid To Shake ICE Obstruction Conviction

By Lauren Berg

A federal judge Monday refused to overturn a former Wisconsin state judge's conviction for helping shield a defendant in her courtroom from arrest by U.S. Immigration and Customs Enforcement agents, rejecting her contention that, because ICE had no authority to make the arrest in the courthouse, there was no obstruction.

Order attached | Read full article » | Save to favorites »

Ill. Justices Want MAGA Op-Ed Author Judge's Claims Axed

By Emily Sawicki

Illinois Supreme Court justices have asked a Chicago federal judge to throw out constitutional claims filed by a retired Illinois state trial court judge alleging he was wrongfully terminated over protected speech in a political opinion column, with the justices arguing the federal court should not interfere with a state court matter.

Brief attached | Read full article » | Save to favorites »

Justices Clear Path For DOJ To Dismiss Bannon's Conviction

By Cara Salvatore

The U.S. Supreme Court on Monday vacated an appeals court's order upholding Steve Bannon's conviction over his nonresponse to a congressional subpoena investigating the Jan. 6 insurrection, clearing the way for the Justice Department to dismiss his indictment.

Read full article » | Save to favorites »