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 Recounts Firing: 'This Feels Wrong'

By Pete Brush

A former associate who claims DLA Piper unlawfully fired her after she announced she was pregnant told a Manhattan federal jury Tuesday that she got positive feedback as she worked with large corporate clients and was "shocked" when she was terminated.

Read full article » | Save to favorites »

5 Firms Advise On Gilead's Up To $5B Tubulis Acquisition

By Al Barbarino

Gilead Sciences Inc. said Tuesday it has agreed to acquire German clinical-stage cancer biotechnology company Tubulis for up to $5 billion, in a deal steered by five law firms.

Read full article » | Save to favorites »

Audio

Approach The Bench: Judge Robinson On Community Court

By Cara Bayles and Steven Trader

Judge Devin Robinson's courtroom at the Red Hook Community Justice Center looks and feels very different from the courthouse archetype.

Read full article » | Save to favorites »

Kirkland Adds DLA Piper Gov't Contracts Attys In Texas, DC

By Lynn LaRowe

Kirkland & Ellis LLP announced Tuesday that it has strengthened its government contracts practice group with an Austin, Texas-based partner and a Washington, D.C.-based associate who both came aboard from DLA Piper.

Read full article » | Save to favorites »

Calif. Lawmakers Advance Bill To Curtail PE Role In Litigation

By Emily Sawicki

A California bill to ban corporate investors from influencing litigation strategy is heading to the state Senate, backed by bipartisan support from the Assembly.

Read full article » | Save to favorites »

Goodwin Grows Restructuring Team In New York And Boston

By James Boyle

Goodwin Procter LLP has grown its financial restructuring practice with the addition of attorneys in the New York and Boston offices with more than 40 years' combined experience at WilmerHale.

Read full article » | Save to favorites »

Blanche Says Only Trump Knows Why Bondi's Leaving DOJ

By Courtney Bublé

Todd Blanche said on Tuesday he is now acting attorney general and no one, beyond the president, knows why Pam Bondi is out and he is in.

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

DOJ Pushes To End Former Immigration Judge's Bias Suit

By Jake Maher

The U.S. Department of Justice moved to dismiss a former Ohio immigration judge's discrimination suit in D.C. federal court this week, calling the complaint "heavy on conclusory statements and speculation and light on allegations of fact."

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

States, DC Back NY AG James In DOJ Probe Appeal

By Emily Sawicki

Backed by amici including the attorneys general of 20 states and the District of Columbia, New York Attorney General Leticia James is fighting the U.S. Department of Justice's bid to reopen an investigation into her office launched by a federal prosecutor found to have been serving unlawfully.

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

Judge Who Quit Bench Amid Ethics Probe Hired By Fani Willis

By Chart Riggall

A Georgia trial court judge who resigned this year before facing the prospect of removal from the bench over a range of misconduct charges has been hired by Fulton County District Attorney Fani Willis, a spokesperson for Willis confirmed Tuesday.

Read full article » | Save to favorites »

Texas Panel Keeps Ex-GC's Suit Over Unpaid Bonuses Alive

By José Luis Martínez

A Texas appeals court on Tuesday kept in play a suit by a dairy equipment manufacturer's former general counsel over unpaid bonuses, holding that updated anti-SLAPP rules applied to newly added claims in the suit and that the company failed to meet procedural requirements in trying to dismiss them.

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