Featured Stories
Sedgwick Announces Leadership Changes in the Middle East
MEMPHIS, Tennessee, Oct. 3 -- Sedgwick, a provider of technology-enabled risk and benefit solutions, issued the following news release:
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Sedgwick Announces Leadership Changes in the Middle East
October 2, 2026
DUBAI, United Arab Emirates - Sedgwick, the world's leading risk and claims administration partner, has announced that Mike Brogden will retire as Chief Executive Officer, Middle East, at the end of the year. Effective immediately, Chris Gibson has been appointed Managing Director, Middle East, leading the region.
Mike Brogden joined Sedgwick in 2013 as Country Manager for Qatar
... Show Full Article
MEMPHIS, Tennessee, Oct. 3 -- Sedgwick, a provider of technology-enabled risk and benefit solutions, issued the following news release:
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Sedgwick Announces Leadership Changes in the Middle East
October 2, 2026
DUBAI, United Arab Emirates - Sedgwick, the world's leading risk and claims administration partner, has announced that Mike Brogden will retire as Chief Executive Officer, Middle East, at the end of the year. Effective immediately, Chris Gibson has been appointed Managing Director, Middle East, leading the region.
Mike Brogden joined Sedgwick in 2013 as Country Manager for Qatarand was appointed Chief Executive Officer, Middle East, in 2019. A chartered surveyor and chartered loss adjuster with more than 30 years of international experience, he has built a distinguished career handling major and complex losses across the UK, Europe, North America, Australasia and the Middle East. During his time with Sedgwick, he played a pivotal role in expanding the company's presence across the region, strengthening its market position and leading some of the Middle East's most significant construction, infrastructure and property loss assignments. Under his leadership, the business has grown its capabilities, geographic reach, and reputation as a trusted partner for clients throughout the region.
"Mike has made an exceptional contribution to Sedgwick's growth in the Middle East, and I thank him for his leadership and dedication over many years," said Neil Gibson, Regional CEO, UK, Ireland, Middle East and Africa. "As demand for specialty claims, loss adjustment and risk solutions continues to grow, the Middle East remains a key market for our business. Chris is ideally positioned to lead our next phase of growth, and I look forward to partnering with him as we continue to enhance our service offering and deliver even greater value to clients across the region."
Brogden said, "It has been a privilege to lead our Middle East business and work alongside such talented colleagues across the region. I am proud of what we have built together over the past eight years and confident the business is well positioned for continued success."
Chris Gibson has spent the past nine years in the Middle East, working in Dubai and Qatar, and brings extensive expertise in major and complex loss and construction claims to the role. As Managing Director, he will have overall responsibility for Sedgwick's operations across the region and will work closely with the Global Specialty team headquartered in London, with a particular focus on aviation, energy and marine services in the Middle East.
"The Middle East is a strategically important region for Sedgwick, with significant opportunities for continued growth," said Chris Gibson. "As we broaden the range of services we offer, we will continue to combine our local expertise with Sedgwick's global capabilities to deliver exceptional outcomes and innovative solutions for clients and partners across the region."
Sedgwick's Middle East operations provide expert support across seven markets: Abu Dhabi, Bahrain, Dubai, Kuwait, Oman, Qatar and Saudi Arabia. With experienced local teams and deep technical expertise, Sedgwick delivers a broad range of services, including loss adjusting, major and complex loss, property, casualty, marine, forensic accounting, third-party administration (TPA), cyber and technology claims.
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About Sedgwick
Sedgwick is the world's leading risk and claims administration partner, helping clients thrive by navigating the unexpected. The company's expertise, combined with the most advanced AI-enabled technology available, sets the standard for solutions in claims administration, loss adjusting, benefits administration and product recall. With over 33,000 colleagues and 10,000 clients across 80 countries, Sedgwick provides unmatched perspective, caring that counts and solutions for the rapidly changing and complex risk landscape. Sedgwick's majority shareholder is The Carlyle Group; Stone Point Capital LLC, Altas Partners, CDPQ, Onex and other management investors are minority shareholders. For more, see Sedgwick.
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Original text here: https://www.sedgwick.com/press-release/sedgwick-announces-leadership-changes-in-the-middle-east/
[Category: BizInsurance]
Marcus & Millichap Arranges $5.89M Sale of 41-Unit Multifamily Property in North Hollywood, California
ENCINO, California, Oct. 3 -- Marcus and Millichap issued the following news release:
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Marcus & Millichap Arranges $5.89M Sale of 41-Unit Multifamily Property in North Hollywood, California
LOS ANGELES, Oct. 2, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the sale of 13103 Barbara Ann St., a 41-unit multifamily property in North Hollywood, California. The property sold for nearly $5.89 million, or $143,610 per unit, and closed escrow at a 5.70 percent cap
... Show Full Article
ENCINO, California, Oct. 3 -- Marcus and Millichap issued the following news release:
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Marcus & Millichap Arranges $5.89M Sale of 41-Unit Multifamily Property in North Hollywood, California
LOS ANGELES, Oct. 2, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the sale of 13103 Barbara Ann St., a 41-unit multifamily property in North Hollywood, California. The property sold for nearly $5.89 million, or $143,610 per unit, and closed escrow at a 5.70 percent caprate based on in-place income.
"The property had been under the same ownership for more than 30 years, creating a rare opportunity to acquire an asset of this size with significant repositioning potential," said Rick Raymundo, executive managing director investments. "As recent pricing volatility has eased, we're seeing buyers move with more confidence on well-priced properties when sellers are committed to completing a transaction. This buyer plans to make common area and interior upgrades throughout the property."
Raymundo, in Marcus & Millichap's Encino office, had the exclusive listing to market the property on behalf of the seller, The Kwan Trust, and procured the buyer, a San Fernando Valley-based limited liability company.
Built in 1972, the 24,256-square-foot property is situated on 0.90 acres at 13103 Barbara Ann St. The property consists of 41 one-bedroom, one-bath units and features 54 on-site parking spaces and an on-site laundry facility.
Recent capital improvements include new electrical subpanels installed throughout the property in 2026, a new water heater and storage tank installed in 2025 and new windows. Located near Sherman Way and Coldwater Canyon Avenue, the property provides access to the 170 Freeway and nearby shopping and services.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
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Original text here: https://www.marcusmillichap.com/news-events/press/2026/10/10-2---13103-barbara-ann-st
[Category: BizRealEstate]
Littler: Two Unions Claim the Same Work - Why Employers Need to Know About Section 10(k) of the NLRA
SAN FRANCISCO, California, Oct. 3 -- Littler, a law firm, issued the following news:
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Two Unions Claim the Same Work - Why Employers Need to Know About Section 10(k) of the NLRA
By Richard N. Hill and Ben Constine
October 2, 2026
What can employers do when two unions both claim that a job belongs to their members? Section 10(k) of the National Labor Relations Act provides a mechanism for the National Labor Relations Board to resolve jurisdictional disputes between two unions, but even a 10(k) decision often sparks additional disputes and litigation. A recent decision by the full U.S.
... Show Full Article
SAN FRANCISCO, California, Oct. 3 -- Littler, a law firm, issued the following news:
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Two Unions Claim the Same Work - Why Employers Need to Know About Section 10(k) of the NLRA
By Richard N. Hill and Ben Constine
October 2, 2026
What can employers do when two unions both claim that a job belongs to their members? Section 10(k) of the National Labor Relations Act provides a mechanism for the National Labor Relations Board to resolve jurisdictional disputes between two unions, but even a 10(k) decision often sparks additional disputes and litigation. A recent decision by the full U.S.Court of Appeals for the Ninth Circuit held that a union cannot utilize a so-called "work preservation" argument to justify its actions after the Board makes a determination in a 10(k) proceeding. This decision overruled a prior case from the Ninth Circuit in International Longshore and Warehouse Union v. NLRB (Kinder Morgan), in which the court had allowed a union (the ILWU) to use a "work preservation" defense in litigation where the union was seeking to claim the work it lost to another union in a 10(k) proceeding.
Background
SSA Terminals, LLC operates container terminals at the Port of Seattle. The IAM had a collective bargaining agreement with SSA to perform maintenance work for SSA, while the ILWU had an agreement with the Pacific Maritime Association (PMA), a multi-employer association of which SSA was a member, and that agreement applied to the same work. After SSA reopened one of its terminals, both IAM and ILWU claimed the right to perform the same maintenance work, and SSA asked the Board to decide which union should be awarded the work, invoking Section 8(b)(4)(D) of the NLRA, which prohibits unions from using economic pressure against an employer to force the employer to assign work to their members instead of members of another union.
After the Board awarded the work to the IAM, the ILWU filed a grievance alleging that SSA violated its CBA by failing to defend the ILWU's right to the work, and an arbitrator ruled for the ILWU. SSA and the IAM then filed an unfair labor practice charge against the ILWU, alleging that the ILWU violated Section 8(b)(4)(D) of the NLRA by pursuing a grievance in order to coerce SSA to reassign the work to the ILWU, even though the Board had ruled for the IAM.
The ILWU defended itself under a "work preservation" theory, in which a union argues that its goal was to preserve work that the union had historically been performing under its labor agreement. The Board rejected this argument and determined that ILWU had violated the NLRA.
The Court's Decision
The Ninth Circuit upheld the Board's decision to award the work to the IAM and rejected the ILWU's "work preservation defense." In doing so, it overturned the holding from its own 2020 decision in Kinder Morgan, in which it held that "work preservation" was a "complete defense" against alleged violations of Section 8(b)(4)(D).
The court rejected Kinder Morgan's holding and adopted the DC Circuit's Sea-Land decision, which held that a union accused of violating Section 8(b)(4)(D) for failing to follow a jurisdictional award by the NLRB cannot invoke a work preservation defense. The court adopted this reasoning because allowing unions to invoke a work preservation defense would undermine the Board's ability to conclusively resolve jurisdictional disputes, thereby frustrating Congress' legislative purpose.
Going Forward
Employers now have an easier path to resolving difficult work disputes between multiple labor unions. For employers that belong to multi-employer associations, this can make difficult work allocation decisions a far less painful process. By eliminating a work preservation defense in proceedings after the NLRB has ruled in a jurisdictional dispute hearing, the court has strengthened the ability of employers to use Section 10(k) to resolve jurisdictional disputes. Notwithstanding this very favorable decision, employers should always try to resolve jurisdictional disputes before resorting to the NLRB's jurisdictional dispute procedures because Section 10(k) proceedings can be time consuming and potentially costly.
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Authors
Richard N. Hill
Shareholder
San Francisco
rhill@littler.com
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Benjamin P. Constine
Associate
Tysons Corner
bconstine@littler.com
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Original text here: https://www.littler.com/news-analysis/asap/two-unions-claim-same-work-why-employers-need-know-about-section-10k-nlra
[Category: BizLaw/Legal]
Law360 Names McGuireWoods a North Carolina Powerhouse for Third Year in a Row
RICHMOND, Virginia, Oct. 3 -- McGuireWoods, a law firm, issued the following news release:
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Law360 Names McGuireWoods a North Carolina Powerhouse for Third Year in a Row
October 2, 2026
McGuireWoods again has been named a North Carolina Powerhouse by Law360, which recognized significant litigation victories and corporate transactions as examples of the firm's leadership in the Tar Heel State. Law360 highlighted the firm's accomplishments in a Sept. 28, 2026, story, marking the third consecutive year McGuireWoods was honored as a North Carolina Powerhouse.
"With lawyers having a wide range
... Show Full Article
RICHMOND, Virginia, Oct. 3 -- McGuireWoods, a law firm, issued the following news release:
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Law360 Names McGuireWoods a North Carolina Powerhouse for Third Year in a Row
October 2, 2026
McGuireWoods again has been named a North Carolina Powerhouse by Law360, which recognized significant litigation victories and corporate transactions as examples of the firm's leadership in the Tar Heel State. Law360 highlighted the firm's accomplishments in a Sept. 28, 2026, story, marking the third consecutive year McGuireWoods was honored as a North Carolina Powerhouse.
"With lawyers having a wide rangeof skill sets, the firm is well positioned to take advantage of North Carolina's evolving legal landscape," noted Law360.
The article covered litigation and transactional successes stemming from McGuireWoods' long relationship with client Falfurrias Capital Partners, a private equity firm founded by Hugh McColl. These included representing Global Plasma Solutions, a Falfurrias portfolio company, through a False Claims Act investigation by the Department of Justice. The probe ended in October 2025 with the DOJ concluding Global Plasma Solutions did nothing wrong, a result Charlotte partner Robert Muckenfuss called "a significant vindication." The firm is also pursuing a $1 billion defamation claim against the world's largest scientific publisher for Falfurrias.
Law360 also recognized the firm's work enabling Falfurrias to merge John H. Northrop & Associates, Coherent Technical Services and Expansia Group into a single defense technology platform that helps provide services including digital engineering and advanced fabrication support for a range of defense players. That deal was led by Charlotte partner Chris Nesbit.
The publication also cited McGuireWoods' advocacy for 21 autistic children and their families against the state of North Carolina after policymakers slashed Medicaid reimbursement for a widely used autism treatment. After the firm, led by Raleigh partner Michael Easley Jr., secured a preliminary injunction to halt the cuts, North Carolina Gov. Josh Stein restored the funding.
In interviews with Law360, partners Elizabeth Zwickert Timmermans and Brian Kahn said McGuireWoods is uniquely positioned to meet the evolving needs of clients in the region's most dynamic economic sectors.
Timmermans, managing partner of McGuireWoods' Raleigh office, noted how corporate deals, private equity and technological developments were driving the firm's legal work in the state capital. The tech sector, she added, fuels AI-related transactional work and privacy-related litigation. "I think data breach and [personally identifiable information] issues are very hot," Timmermans said.
Kahn, managing partner of the Charlotte office, added, "One of the things that I think makes McGuireWoods stand out from a lot of other firms is how strong and deep our healthcare practice is." From helping with legal advice on a startup idea, to corporate structure, all the way through to selling a company or litigation post-sale, he said, "[W]e've done it before, and we're really good at it."
Kahn added McGuireWoods is lucky to have found so many "amazing, dedicated professionals that love what they do" -- helping clients, building relationships and innovating every day.
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Original text here: https://www.mcguirewoods.com/news/press-releases/2026/10/law360-names-mcguirewoods-a-north-carolina-powerhouse-for-third-year-in-a-row/
[Category: BizLaw/Legal]
Ford Builds Q3 Momentum With Retail Share Gains, Strong Truck and Large SUV Performance
DEARBORN, Michigan, Oct. 3 -- Ford Motor issued the following news:
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10.02.26
Ford Builds Q3 Momentum with Retail Share Gains, Strong Truck and Large SUV Performance
* Retail share gains: Excluding the planned phase-out of Escape and Corsair, Ford estimates its third-quarter retail share increased approximately 0.4 percentage points year over year to 12.1%.
* F-Series strength: September sales rose 2.4%, keeping F-Series on track for a 50th consecutive year as America's best-selling truck.
* Super Duty production: Third-quarter production reached 110,275 trucks, up 4.4% and the best
... Show Full Article
DEARBORN, Michigan, Oct. 3 -- Ford Motor issued the following news:
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10.02.26
Ford Builds Q3 Momentum with Retail Share Gains, Strong Truck and Large SUV Performance
* Retail share gains: Excluding the planned phase-out of Escape and Corsair, Ford estimates its third-quarter retail share increased approximately 0.4 percentage points year over year to 12.1%.
* F-Series strength: September sales rose 2.4%, keeping F-Series on track for a 50th consecutive year as America's best-selling truck.
* Super Duty production: Third-quarter production reached 110,275 trucks, up 4.4% and the bestquarterly result in 19 years.
* F-150 production: The expected financial impact of a short-term supplier issue that affected production of F-150 trucks at the end of September is containable within Ford's existing full-year 2026 adjusted EBIT guidance.
* Maverick Hybrid record: America's best-selling hybrid pickup set a third-quarter sales record with 27,793 trucks, up 59.6%.
* Bronco milestone: Bronco delivered record third-quarter and year-to-date sales
* Mustang leadership: Mustang sales increased 7.5% in the third quarter and 17.9% through September.
* Software growth: Active paid software subscriptions exceeded 1.7 million through September, increasing more than 40% year over year.
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Ford gained retail share and delivered strong truck and large SUV results in the third quarter, led by stronger F-Series sales in September and Super Duty's best quarterly production performance in 19 years.
Adjusting for the planned phase-out of Escape and Corsair, Ford estimates its retail share increased approximately 0.4 percentage points year over year to 12.1%. Third-quarter sales totaled 509,764 vehicles, down 6.6%, reflecting the planned portfolio changes. Adjusting for Escape and Corsair, Ford's total vehicle sales volume was essentially unchanged compared with an industry decline of about 1%.
Demand for Expedition, Explorer and Bronco, as well as Ford's off-road performance lineup, contributed to the company's retail share and pricing power as Ford continued its planned portfolio transition.
Momentum strengthened in September, with total Ford and F-Series sales increasing for the month. Overall F-Series production rose 4.5% in the third quarter to 266,777 trucks, driven by Super Duty's strongest quarterly production performance in 19 years.
"We delivered a solid quarter and continued to gain retail share adjusted for the planned sunset of Escape and Corsair," said Andrew Frick, president, Ford Blue and Model e. "Customers continue to choose our trucks, SUVs and performance vehicles, with F-Series, Bronco and our hybrid truck lineup posting standout results. Our dealers continue to turn our inventory quickly, and our vehicle stock is healthy as we head into the fourth quarter."
F-Series Strength
Among full-line truck brands, F-Series had the highest retail share and retail revenue in the third quarter, along with the lowest incentive spending in the segment.
Through September, F-Series sales totaled 561,508 trucks, extending its lead over Chevrolet Silverado to more than 140,000 trucks. F-Series remains on track for a 50th consecutive year as America's best-selling truck.
September F-Series sales rose 2.4% to 67,448 trucks as production increased.
Super Duty Production Reaches 19-Year High
Super Duty production totaled 110,275 trucks in the third quarter, up 4.4% from a year ago and its best quarterly production performance in 19 years.
Overall, F-Series production increased 4.5% to 266,777 trucks in the quarter.
F-150 Production
At the end of September, production of F-150 trucks was affected by a short-term supplier issue unrelated to aluminum. The expected financial impact is containable within the full-year 2026 adjusted EBIT guidance of $10.0 billion to $11.0 billion Ford provided on July 28, 2026.
Third-Quarter and Year-to-Date Highlights
* Total sales: Ford sold 509,764 vehicles in the third quarter and 1,516,279 vehicles through September.
* Retail share: Excluding the planned phase-out of Escape and Corsair, Ford estimates its third-quarter retail share increased approximately 0.4 percentage points to 12.1%.
* Truck and van leadership: Ford truck and van sales totaled 891,400 vehicles through September, making Ford America's best-selling truck manufacturer.
* F-Series: Sales totaled 561,508 trucks through September, more than 140,000 ahead of Chevrolet Silverado.
* Maverick Hybrid: Third-quarter sales rose 59.6% to a record 27,793 pickups. Year-to-date sales of 74,300 pickups also set a record.
* F-150 Hybrid: Sales totaled 34,527 trucks through September.
* Bronco: Sales reached a third-quarter record of 38,020 SUVs and a year-to-date record of 114,956.
* Explorer: Sales increased 17.6% to 189,210 SUVs through September.
* Transit: Sales totaled 119,185 vans through September, maintaining Ford's commercial van leadership.
* Paid software subscriptions: Active subscriptions exceeded 1.7 million through September, increasing more than 40% year over year.
* BlueCruise: Ford and Lincoln customers logged nearly 14 million cumulative hours of hands-free highway driving.
Large SUVs Drive Retail Growth
Explorer's year-to-date growth reflected strong demand across its refreshed lineup. Combined sales of the high-margin Explorer Tremor and Platinum series increased 59.9%, while sales of the more affordable Active and ST-Line series rose 23.3%.
Expedition year-to-date retail sales increased 10.1%. The vehicle's total sales declines in the third quarter and through September reflected the timing of fleet orders.
Combined Explorer and Expedition sales totaled 249,481 three-row SUVs through September, making Ford the best-selling brand in the large three-row SUV segment, ahead of Chevrolet and Toyota.
Off-Road Performance Lineup Continues to Grow
Ford's off-road performance vehicles, including Bronco, Raptor, Tremor and FX4 packages, represented 24% of the company's sales through September, an increase of 3.8 percentage points from a year ago.
Sales across the lineup totaled 364,141 trucks and SUVs through September and 123,507 in the third quarter. Sales increased 8.4% year to date and 12.2% for the quarter.
Within the lineup, Raptor sales increased 4.6% through September. Tremor-series sales more than doubled, increasing 122%, while Explorer Tremor delivered its best quarter since its launch late last year.
Affordable Trucks and SUVs Attract New Customers
Ford's range of powertrains, price points and certified pre-owned vehicles continued to attract customers.
Combined Maverick, Ranger and Bronco Sport sales increased 9.5% through September to 112,627 trucks and SUVs. Entry-level models contributed to that growth:
* Ranger XL sales increased 14.6% in the third quarter.
* Bronco Sport Big Bend sales increased 5.1%.
* Maverick XL sales increased 15.5%.
Ford Blue Advantage certified pre-owned vehicle sales increased 44% in the third quarter. Ford Blue Advantage was the No. 1 certified pre-owned brand in the quarter, ahead of Toyota.
Lincoln SUVs Deliver Third-Quarter Gains
Nautilus, Aviator and Navigator sales all increased in the third quarter.
Nautilus sales rose 17.7% to 9,066 SUVs, the model's best third-quarter performance since the MKX entered the midsize premium SUV segment in 2007. Sales through September reached a model record of 27,248 SUVs.
Aviator sales increased 11.3% to 4,887 SUVs in the quarter. Through September, Aviator sales totaled 18,309, its best nine-month performance since 2003.
Ford Pro Maintains Commercial Leadership
Ford remains the No. 1 commercial vehicle brand in the United States. Based on Ford's analysis of the most recent registration data through July, the company held a 41% share of the Class 1-7 commercial truck and van segment.
Paid Software Subscriptions Exceed 1.7 Million
Active paid Ford software subscriptions exceeded 1.7 million through September, an increase of more than 40% year over year.
Ford and Lincoln customers logged nearly 14 million cumulative hours of hands-free highway driving with BlueCruise through the third quarter. Ford also continued deploying over-the-air software updates to bring newer capabilities to earlier-model-year vehicles.
Mobile Service Expands
Ford Remote Services completed nearly 1.1 million customer experiences in the United States during the third quarter, up 11%.
Mobile Service completed more than 701,000 experiences, an increase of 18%. Ford has nearly 4,500 Mobile Service units operating across the United States, the largest fleet of any automaker.
Looking Ahead
Customers can now order the F-150 Carhartt Edition. Ford will begin taking orders later in October for the Bronco Filson and Bronco RTR editions.
Ford Power Promise has been extended through the fourth quarter for customers who purchase or lease a new 2026 Mustang Mach-E. Eligible customers can choose between a complimentary home charging station with standard installation or $1,500 in bonus cash.
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Original text here: https://www.fromtheroad.ford.com/us/en/articles/2026/ford-2026-third-quarter-sales-results
[Category: BizTransportation]
Cooley: Armadin Raises $255.5 Million Series B
PALO ALTO, California, Oct. 3 -- Cooley, a law firm, issued the following news release:
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Armadin Raises $255.5 Million Series B
Reston October 1, 2026
Cooley advised Armadin, an AI-native cybersecurity company building effective autonomous security, on its $255.5 million in Series B funding co-led by Andreessen Horowitz and Accel that brings the company's valuation to more than $2.5 billion.
The round includes participation from new investors Bain Capital Ventures and Redpoint, as well as existing investors 8VC, Ballistic Ventures, Google Ventures, In-Q-Tel, Kleiner Perkins and Menlo
... Show Full Article
PALO ALTO, California, Oct. 3 -- Cooley, a law firm, issued the following news release:
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Armadin Raises $255.5 Million Series B
Reston October 1, 2026
Cooley advised Armadin, an AI-native cybersecurity company building effective autonomous security, on its $255.5 million in Series B funding co-led by Andreessen Horowitz and Accel that brings the company's valuation to more than $2.5 billion.
The round includes participation from new investors Bain Capital Ventures and Redpoint, as well as existing investors 8VC, Ballistic Ventures, Google Ventures, In-Q-Tel, Kleiner Perkins and MenloVentures.
Lawyers Mike Lincoln, Eddie Sniezek and Ty Chung led the Cooley team advising Armadin.
Cooley previously advised Armadin on its $189.9 million Seed and Series A in March 2026.
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About Cooley LLP
Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation.
Cooley has nearly 1,400 lawyers across 19 offices in the United States, Asia and Europe, and a total workforce of more than 3,000 people.
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Original text here: https://www.cooley.com/news/coverage/2026/2026-10-01-armadin-raises-$255-5-million-series-b
[Category: BizLaw/Legal]
American Airlines Launches Cash and Miles Bookings, Giving AAdvantage Members More Flexibility to Redeem Rewards
FORT WORTH, Texas, Oct. 3 -- American Airlines posted the following news:
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October 2, 2026
American Airlines launches cash and miles bookings, giving AAdvantage members more flexibility to redeem rewards
FORT WORTH, Texas -- American Airlines is making it easier for AAdvantage(R) members to use their miles and get closer to their next trip. As the feature rolls out in the coming weeks, eligible AAdvantage(R) members will be able to combine cash and miles when booking flights on aa.com and American's digital app.
"At American, we're continually evolving the AAdvantage(R) program to deliver
... Show Full Article
FORT WORTH, Texas, Oct. 3 -- American Airlines posted the following news:
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October 2, 2026
American Airlines launches cash and miles bookings, giving AAdvantage members more flexibility to redeem rewards
FORT WORTH, Texas -- American Airlines is making it easier for AAdvantage(R) members to use their miles and get closer to their next trip. As the feature rolls out in the coming weeks, eligible AAdvantage(R) members will be able to combine cash and miles when booking flights on aa.com and American's digital app.
"At American, we're continually evolving the AAdvantage(R) program to delivermore choice and flexibility for our members," said American's Senior Vice President of AAdvantage(R) Scott Long. "The introduction of cash and miles is another step in our ongoing effort to provide AAdvantage(R) members with more personalized ways to engage with the program and get more value from their membership."
To book with cash and miles:
1. Once logged into the AAdvantage(R) account, members will select their desired flights with cash.
2. During checkout, members will be presented with an optional trip insurance offer.
3. After making their trip insurance selection, available cash and miles options will be displayed. Members can use a slider to choose the combination of cash and miles that best fits their preferences.
4. Once a selection is made, the cost summary will automatically update to reflect the chosen combination.
5. Members can then enter their payment information and complete their booking.
Building on AAdvantage program enhancements
The launch builds on a series of enhancements to the AAdvantage(R) program, reflecting American's continued investment in creating more opportunities for members to engage with and benefit from their membership.
In addition to cash and miles bookings, American has recently introduced and expanded several new benefits and Loyalty Point Reward options for members, including:
* Food and beverage coupons: AAdvantage(R) members who reach 15,000 Loyalty Points during the membership year can choose two inflight food and beverage coupons as their reward to be used on eligible flights where service is offered.
* New York Times subscriptions: Members can now select New York Times subscription rewards at multiple Loyalty Point Reward levels.
- 15,000 Loyalty Points
= 12-month subscription to Games, Cooking or The Athletic
- 175,000 / 250,000 / 400,000 / 550,000 / 750,000 Loyalty Points
= 12-month New York Times All Access subscription, including News, Games, Cooking, Wirecutter and The Athletic
* Coming soon -- new choices for Million Miler members: Celebrate reaching each Million Miler milestone with an expanded selection of exclusive gifts in addition to the rewards members already receive.
Join the AAdvantage program
Not an AAdvantage(R) member? Joining is easy and free.
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About American Airlines Group (NASDAQ: AAL)
American Airlines is a premium global airline connecting more of the U.S. to the world. With roots tracing back to an air mail carrier in the Midwestern United States in 1926, American now operates more than 6,000 daily flights to more than 350 destinations in more than 60 countries and serves more than 200 million customers annually. Powered by a proud and talented team of 130,000 aviation professionals, American's team lives out the airline's purpose of caring for people on life's journey every day.
The world's largest airline proudly celebrates its centennial year in 2026, reaching a milestone that reflects a century of innovation and the Forever Forward spirit that changed the industry and the world. American introduced the first scheduled air cargo service, the first airport lounge and the first airline loyalty program and continues to reinvent the customer experience today. The airline is also a founding member of the oneworld alliance, whose members serve more than 900 destinations around the globe.
Get the latest about American at news.aa.com and @AmericanAir.
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Original text here: https://news.aa.com/news/news-details/2026/American-Airlines-launches-cash-and-miles-bookings-giving-AAdvantage-members-more-flexibility-to-redeem-rewards-AADV-10/default.aspx
[Category: BizAerospace]
