Featured Stories
Ropes & Gray Advised Teva Pharmaceuticals in Proposed Acquisition of Novel Neuroscience Asset From BioXcel Therapeutics
BOSTON, Massachusetts, Aug. 29 -- Ropes and Gray, a law firm, issued the following news:
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Ropes & Gray Advised Teva Pharmaceuticals in Proposed Acquisition of Novel Neuroscience Asset from BioXcel Therapeutics
Ropes & Gray represented Teva Pharmaceuticals in its proposed acquisition of certain neuroscience assets from BioXcel Therapeutics, Inc. The transaction was announced on August 28.
Teva is acquiring the assets out of BioxCel's chapter 11 bankruptcy proceedings. Teva is serving as the "stalking horse bidder" in the court-supervised sale process.
Under the terms of the agreement,
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BOSTON, Massachusetts, Aug. 29 -- Ropes and Gray, a law firm, issued the following news:
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Ropes & Gray Advised Teva Pharmaceuticals in Proposed Acquisition of Novel Neuroscience Asset from BioXcel Therapeutics
Ropes & Gray represented Teva Pharmaceuticals in its proposed acquisition of certain neuroscience assets from BioXcel Therapeutics, Inc. The transaction was announced on August 28.
Teva is acquiring the assets out of BioxCel's chapter 11 bankruptcy proceedings. Teva is serving as the "stalking horse bidder" in the court-supervised sale process.
Under the terms of the agreement,Teva would acquire worldwide rights to dexmedetomidine sublingual film--a novel, orally dissolving formulation currently under FDA review for at-home use in the acute treatment of agitation associated with schizophrenia or bipolar I or II disorder in adults--for an upfront payment of $57.5 million and up to an additional $67.5 million in contingent payments tied to FDA approval timing and sales milestones.
The proposed asset includes IGALMI(R) (dexmedetomidine sublingual film), which is currently approved for in-clinic acute treatment of agitation associated with schizophrenia and bipolar I or II disorder in adults, and BXCL501. If approved, BXCL501 could become the first FDA-approved at-home treatment for this condition.
The Ropes & Gray team included mergers & acquisitions partner Chris Comeau and counsel Kelly Finn, life sciences licensing partner Abby Gregor, business restructuring partners Andrew Mordkoff and Rachel Strickland, and health care partner Jamie Darch.
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URL: Teva Pharmaceuticals
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Original text here: https://www.ropesgray.com/en/news-and-events/news/2026/08/ropes-gray-advised-teva-pharmaceuticals-novel-neuroscience-asset-bioxcel-therapeutics
[Category: BizLaw/Legal]
Morgan Lewis Represents Atlantic Aviation Management Team in Strategic Investment
PHILADELPHIA, Pennsylvania, Aug. 29 [Category: BizLaw/Legal] -- Morgan Lewis, a law firm, issued the following news release:
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Morgan Lewis Represents Atlantic Aviation Management Team in Strategic Investment
NEW YORK: Morgan Lewis represented the management team of Atlantic Aviation in connection with a strategic partnership between the company and KKR and Apollo to support the continued growth of the private aviation infrastructure platform. The transaction values Atlantic Aviation at close to $10 billion.
Atlantic Aviation is a provider of fixed-base operator (FBO) services to corporate
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PHILADELPHIA, Pennsylvania, Aug. 29 [Category: BizLaw/Legal] -- Morgan Lewis, a law firm, issued the following news release:
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Morgan Lewis Represents Atlantic Aviation Management Team in Strategic Investment
NEW YORK: Morgan Lewis represented the management team of Atlantic Aviation in connection with a strategic partnership between the company and KKR and Apollo to support the continued growth of the private aviation infrastructure platform. The transaction values Atlantic Aviation at close to $10 billion.
Atlantic Aviation is a provider of fixed-base operator (FBO) services to corporateand general aviation customers across the United States.
The company provides mission-critical aviation infrastructure and services, including aircraft fueling, hangar leasing, and other essential aviation services.
Partner Austin Lilling and associate Emily Jordan advised the Atlantic Aviation management team, along with partner Eric Tajcher and associate Alex Martin.
Morgan Lewis's executive and management team representation practice regularly counsels senior management on the intricacies and legal risks of M&A transactions and strategic investment by private investors, including those relating to rollover investments, incentive arrangements, and employment and change in control documentation.
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URL: Atlantic Aviation
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Original text here: https://www.morganlewis.com/news/2026/08/morgan-lewis-represents-atlantic-aviation-management-team-in-strategic-investment
Mayer Brown Wins Class Action Victory for Google in Landmark Privacy Litigation
CHICAGO, Illinois, Aug. 29 [Category: BizLaw/Legal] -- Mayer Brown, a law firm, issued the following news:
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Mayer Brown wins class action victory for Google in landmark privacy litigation
Mayer Brown secured a significant victory on behalf of Google in one of the best-known and longest-running privacy class actions against the company, In re Google Inc. Cookie Placement Consumer Privacy Litigation. On August 27, 2026, US District Judge Joshua Wolson denied plaintiffs' motion for class certification, bringing a major milestone in litigation that has been pending for more than 14 years.
Originally
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CHICAGO, Illinois, Aug. 29 [Category: BizLaw/Legal] -- Mayer Brown, a law firm, issued the following news:
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Mayer Brown wins class action victory for Google in landmark privacy litigation
Mayer Brown secured a significant victory on behalf of Google in one of the best-known and longest-running privacy class actions against the company, In re Google Inc. Cookie Placement Consumer Privacy Litigation. On August 27, 2026, US District Judge Joshua Wolson denied plaintiffs' motion for class certification, bringing a major milestone in litigation that has been pending for more than 14 years.
Originallyfiled in February 2012, the multidistrict litigation consolidated more than 20 consumer class actions alleging that Google improperly placed tracking cookies on users' Safari and Internet Explorer browsers in 2011. Google denied the allegations, explaining that unexpected programming implemented by the browser manufacturers caused the cookies to be placed unintentionally and that the anonymous cookies served only to display advertisements more relevant to users' interests.
Mayer Brown partner Tony Weibell has represented Google in the case from the beginning, including helping secure the dismissal of all federal claims and most state law claims. The dismissal was affirmed on appeal, and the US Supreme Court denied certiorari. The resulting landmark opinions became standard reading for students of Internet law. The litigation presented novel questions involving the federal Wiretap Act, Stored Communications Act and Computer Fraud and Abuse Act, as well as allegations concerning consumer privacy and online tracking technologies.
In denying class certification, Judge Wolson found that plaintiffs lacked a reliable method for identifying the individuals who allegedly received the cookies at issue through the challenged conduct. As the court stated in its opinion, "Plaintiffs cannot proceed on behalf of a class unless they have a reliable method of identifying the people who allegedly received those cookies through the challenged conduct. After years of litigation and extensive discovery, Plaintiffs still don't have such a method."
The Mayer Brown Northern California litigation team was led by partners Tony Weibell and Elspeth Hansen, counsel David McCarthy, and associate Nina He.
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Original text here: https://www.mayerbrown.com/en/news/2026/08/mayer-brown-wins-class-action-victory-for-google-in-landmark-privacy-litigation
Herbert Smith Freehills Kramer Advises Marubeni Corporation on Acquisition of TOLUS Group AG
NEW YORK, Aug. 29 -- Herbert Smith Freehills Kramer LLP, a law firm, issued the following news:
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Herbert Smith Freehills Kramer advises Marubeni Corporation on acquisition of TOLUS Group AG
Leading global law firm Herbert Smith Freehills Kramer has advised Marubeni Corporation on the acquisition of Swiss and Austrian machine tool distributor TOLUS Group AG.
Marubeni is a Japanese trading and investment firm, engaged in a broad range of global business activities including infrastructure, energy, metals and mineral resources, chemicals, and food.
TOLUS Group AG sells and maintains high-precision
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NEW YORK, Aug. 29 -- Herbert Smith Freehills Kramer LLP, a law firm, issued the following news:
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Herbert Smith Freehills Kramer advises Marubeni Corporation on acquisition of TOLUS Group AG
Leading global law firm Herbert Smith Freehills Kramer has advised Marubeni Corporation on the acquisition of Swiss and Austrian machine tool distributor TOLUS Group AG.
Marubeni is a Japanese trading and investment firm, engaged in a broad range of global business activities including infrastructure, energy, metals and mineral resources, chemicals, and food.
TOLUS Group AG sells and maintains high-precisionmachine tools, peripheral equipment and automation systems in Switzerland and Austria for the manufacture of products in the luxury watches and jewellery, medical technology, and industrial technology markets.
"We are delighted to have assisted longstanding client Marubeni on this strategically significant acquisition in the European machine tool sector, another example of the firm's ability to support our Japanese clients in their most important global markets," said Asia Managing Partner Graeme Preston.
Graeme led the team advising Marubeni, assisted by senior associates Ryu Long and Eliza Joseph, and trainee Andrzej Fanner Brzezina.
Swiss law advice was provided by Schellenberg Wittmer and Austrian law advice was provided by Schoenherr.
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URL: Marubeni Corporation
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Original text here: https://www.hsfkramer.com/news/2026-08/hsfkramer-advises-marubeni-corporation-on-acquisition-of-tolus-group-ag
[Category: BizLaw/Legal]
Dentons Advises German Finance Agency on Euros4 Billion Increase in 30-year Federal Bond via Syndicate
WASHINGTON, Aug. 29 -- Dentons, a law firm, issued the following news:
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Dentons advises German Finance Agency on Euros4 billion increase in 30-year federal bond via syndicate
Frankfurt--Global law firm Dentons has again advised the German Finance Agency (Bundesrepublik Deutschland - Finanzagentur GmbH) on the successful syndication of a federal bond. An existing 30-year federal bond was reopened and increased by Euros4 billion, bringing its total issuance volume to Euros33.5 billion. The federal bond carries an interest rate of 2.90 percent.
The placement with national and international
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WASHINGTON, Aug. 29 -- Dentons, a law firm, issued the following news:
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Dentons advises German Finance Agency on Euros4 billion increase in 30-year federal bond via syndicate
Frankfurt--Global law firm Dentons has again advised the German Finance Agency (Bundesrepublik Deutschland - Finanzagentur GmbH) on the successful syndication of a federal bond. An existing 30-year federal bond was reopened and increased by Euros4 billion, bringing its total issuance volume to Euros33.5 billion. The federal bond carries an interest rate of 2.90 percent.
The placement with national and internationalinvestors was carried out by a syndicate of banks led by Barclays, BNP PARIBAS, Citi, Deutsche Bank, J.P. Morgan and NatWest.
The Dentons team lead by Oliver Dreher has previously advised the German Finance Agency on numerous capital markets transactions, including the syndicated issuances of conventional and green German Federal Securities, most recently in 2026 on the placement of three federal bonds totaling Euros14 billion, including the debut Green Federal Bond under the German Finance Agency's new Green Bond Framework 2026.
Advisors:
Dentons (Frankfurt): Oliver Dreher (Lead Partner), Sven Henneke (Associate), Luis Anton Michalzik (Project Manager Legal, all Capital Markets)
German Finance Agency (in-house): Bastian Martin, Dr. Arnd Duker (both legal department)
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About Dentons
Redefining possibilities. Together, everywhere. For more information visit dentons.com
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URL: Bundesrepublik Deutschland - Finanzagentur GmbH
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Original text here: https://www.dentons.com/en/about-dentons/news-events-and-awards/news/2026/august/dentons-advises-german-finance-agency-on-4-billion-increase-in-30-year-federal-bond-via-syndicate
[Category: BizLaw/Legal]
Clark Hill: Federal Contractors Gain Some Compliance Relief as DOL Eliminates EO 11246 Regulations
BIRMINGHAM, Michigan, Aug. 29 -- Clark Hill, a law firm, issued the following legal update:
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Federal Contractors Gain Some Compliance Relief as DOL Eliminates EO 11246 Regulations
Executive Summary & Key Business Takeaways
The U.S. Department of Labor (DOL) has issued a final rule eliminating the regulations implementing Executive Order 11246, ending the long-standing federal contractor affirmative action framework and creating a near-term opportunity to reduce compliance burden while preserving the controls needed to manage continuing employment, disability, veteran, state-law, and contract-specific
... Show Full Article
BIRMINGHAM, Michigan, Aug. 29 -- Clark Hill, a law firm, issued the following legal update:
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Federal Contractors Gain Some Compliance Relief as DOL Eliminates EO 11246 Regulations
Executive Summary & Key Business Takeaways
The U.S. Department of Labor (DOL) has issued a final rule eliminating the regulations implementing Executive Order 11246, ending the long-standing federal contractor affirmative action framework and creating a near-term opportunity to reduce compliance burden while preserving the controls needed to manage continuing employment, disability, veteran, state-law, and contract-specificobligations.
What this means for contractors:
* Written affirmative action plans under EO 11246 are no longer required.
* Many workforce analysis, reporting, and recordkeeping obligations tied solely to EO 11246 will be eliminated.
* Contractors may be able to reduce compliance costs and administrative burden.
* Nondiscrimination obligations under Title VII, Section 503, VEVRAA, and other federal, state, and local laws remain in effect.
* Existing contracts, subcontracts, certifications, and compliance programs should be reviewed before changes are implemented.
Business Impact and Continuing Risk
For decades, federal contractors have invested substantial resources in EO 11246 affirmative action plans, workforce analyses, applicant-flow tracking, audit preparation, and related reporting obligations. The final rule permits contractors to reassess those costs, but not to dismantle compliance controls without a contract-by-contract and law-by-law review.
The principal risk is overcorrection: Section 503, VEVRAA, Title VII, state and local employment laws, collective bargaining obligations, agency direction, and specific contract terms may still require policies, records, certifications, or practices that overlap with parts of the prior EO 11246 compliance infrastructure.
For contractors, the most important question is not simply what the rule repeals, but how to capture the savings without creating a gap in contract compliance, employment-law compliance, or future audit defensibility.
Practical Questions for Contractors
* Which EO 11246-driven policies, reports, analyses, or certifications can be stopped, and which should be retained because they support another legal or contractual obligation?
* Do existing contracts, subcontracts, solicitations, grants, or agency instructions still require EO 11246 language or related compliance practices?
* How should contractors document compliance changes now to reduce cost while preserving defensibility in a later audit, investigation, protest, or employment dispute?
What the Final Rule Changes
The final rule removes regulations covering:
* General equal employment opportunity obligations under Executive Order 11246
* Written affirmative action programs
* Race- and sex-based workforce analyses and placement goals
* Affirmative action requirements for construction contractors
* Requirements addressing sex discrimination
* Requirements addressing religious and national-origin discrimination
* Protections related to employee discussions and disclosures of compensation
* Enforcement procedures specific to Executive Order 11246
* Related reporting, recordkeeping, notice, and compliance requirements
The affected provisions appear in 41 C.F.R. Parts 60-1, 60-2, 60-3, 60-4, 60-20, 60-30, 60-40, 60-50, and 60-999. The rule also revises Part 60-30 to remove administrative procedures that depended on Executive Order 11246.
What Is Not Changing
The final rule does not provide a general exemption from employment nondiscrimination law. Section 503 and VEVRAA remain particularly important because they are statutory obligations separate from Executive Order 11246, and contractors should continue to comply with those laws and their implementing regulations, as amended. Contractors should also account for Title VII, the Equal Pay Act, the ADEA, the ADA, other federal employment laws, state and local requirements, and obligations imposed by particular contracts, grants, subcontracts, agreements, procurement programs, consent decrees, collective bargaining agreements, or customer requirements.
What Contractors Should Do Now
Federal contractors and subcontractors should use the transition period (now until October 26, 2026) to build a documented transition plan around three practical advisory workstreams:
1. EO 11246 obligation and contract-clause inventory
Develop a contract-clause and compliance-obligation inventory identifying EO 11246-dependent policies, affirmative action plan components, notices, postings, reports, certifications, flow-down provisions, and workforce data processes, and classify each item as eligible to pause, retain, revise, or confirm with the agency or contracting counterparty.
2. Compliance-burden reduction and record-retention plan
Create a practical reduction plan that separates repealed EO 11246 requirements from continuing Section 503, VEVRAA, Title VII, state-law, contract, grant, subcontract, consent decree, collective bargaining, customer, and record-retention obligations before policies, reports, data sets, or internal processes are discontinued.
3. Subcontract, DEI, and workforce-risk assessment
Review subcontract flow-down clauses, template updates, FAR and agency implementation, class deviations, contracting officer instructions, solicitation changes, and contract modifications, while assessing DEI, hiring, promotion, compensation, training, and related workforce practices against current enforcement priorities.
4. Update contract templates and flow-down clauses with subcontractors
Contractors should not assume that the final rule automatically removes Executive Order 11246 language from existing contracts. Any change should account for the contract's terms and applicable agency instructions.
5. Coordinate across business functions
Legal, human resources, compliance, procurement, information technology, and government contracts teams should coordinate before making changes.
6. Preserve records where required
Contractors should not immediately delete historical affirmative action plans, workforce analyses, or related data.
7. Monitor FAR and agency implementation
Contractors should watch for:
* Federal Acquisition Regulation (FAR) revisions
* Agency supplement changes
* Class deviations
* Contracting officer instructions
* Solicitation updates
* Contract modifications removing or replacing Executive Order 11246 clauses
8. Review state and local requirements separately
The federal rescission does not automatically eliminate independent requirements imposed by states, municipalities, public authorities, or federally assisted contracting programs. Contractors should evaluate the requirements applicable to each contract, project, location, and funding source.
Looking Ahead
The final rule takes effect October 26, 2026. Contractors should use the period before that date to develop and document a careful transition plan, rather than treating the rescission as the end of equal employment compliance activity.
Additional developments are expected as the FAR Council and individual agencies update acquisition regulations, contract clauses, systems, and guidance.
Executive Order 14173's contractor certification provisions may present separate legal and procurement issues. Depending on how agencies implement and enforce those provisions, disputes could arise under the False Claims Act, in bid protests, through contract responsibility determinations, in employment litigation, or through constitutional challenges.
Bottom Line
The final rule gives federal contractors a meaningful opportunity to reduce EO 11246-driven compliance burden, but the safest course is a disciplined transition plan that distinguishes repealed obligations from continuing statutory, state-law, contractual, and procurement requirements. Contractors that act now can reduce unnecessary cost while preserving the records, certifications, and employment controls needed to manage legal and contractual risk.
Contractors who want to capture the benefit of the final rule should consider a targeted review of EO 11246-dependent obligations before October 26, 2026, including contract clauses, subcontract flow-downs, required records, certifications, and workforce practices that may continue to matter under other legal or procurement regimes.
Clark Hill's Government Contracts Team regularly advises federal contractors on compliance obligations, employment practices, contract clauses, flow-down requirements, and evolving regulatory developments. We can assist organizations with EO 11246 transition reviews, compliance-burden reduction plans, contract and subcontract clause inventories, record-retention protocols, and DEI or workforce-risk assessments.
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This publication is intended for general informational purposes only and does not constitute legal advice or a solicitation to provide legal services. The information in this publication is not intended to create, and receipt of it does not constitute a lawyer-client relationship. Readers should not act upon this information without seeking professional legal counsel. The views and opinions expressed herein represent those of the individual author only and are not necessarily the views of Clark Hill PLC. Although we attempt to ensure that postings on our website are complete, accurate, and up to date, we assume no responsibility for their completeness, accuracy, or timeliness.
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Original text here: https://www.clarkhill.com/news-events/news/dol-ends-eo-11246-rules-federal-contractors/
[Category: BizLaw/Legal]
Bracewell Advises Rockland Capital on Sale of PJM Portfolio to Hull Street Energy
HOUSTON, Texas, Aug. 29 -- Bracewell, a law firm, issued the following news release:
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Bracewell Advises Rockland Capital on Sale of PJM Portfolio to Hull Street Energy
Bracewell LLP advised Rockland Capital, LP in the sale of two power plants totaling 1,263 MW of capacity to Hull Street Energy, LLC. The transaction was funded with equity from HSE managed funds and committed senior secured debt financing. The acquired assets, together comprising the "GridFlex Portfolio," will join Milepost Power, HSE's thermal power generation platform.
The GridFlex Portfolio consists of Lee County Generating
... Show Full Article
HOUSTON, Texas, Aug. 29 -- Bracewell, a law firm, issued the following news release:
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Bracewell Advises Rockland Capital on Sale of PJM Portfolio to Hull Street Energy
Bracewell LLP advised Rockland Capital, LP in the sale of two power plants totaling 1,263 MW of capacity to Hull Street Energy, LLC. The transaction was funded with equity from HSE managed funds and committed senior secured debt financing. The acquired assets, together comprising the "GridFlex Portfolio," will join Milepost Power, HSE's thermal power generation platform.
The GridFlex Portfolio consists of Lee County GeneratingStation, a 677 MW natural gas turbine facility in Illinois, and Tait Electric Generating Station, a 586 MW dual-fuel facility in Ohio. Both facilities are located in the PJM market, where they provide capacity and operational flexibility to support grid reliability.
Bracewell lawyers involved in the transaction included:
Partners: Ryan S. Holcomb, Catherine P. McCarthy, Amber K. Dodds and Timothy A. Wilkins
Senior Counsel: Tamara L. McKinzie
Counsel: Jacqueline R. Java and Daniel J. Pope
Associates: Caroline E. Rao, Chase V. Edmunds, Kennedy Williams, Boris B. Shkuta and Faren M. Bartholomew
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URL: Rockland Capital
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Original text here: https://www.bracewell.com/news-events/bracewell-advises-rockland-capital-on-sale-of-pjm-portfolio-to-hull-street-energy/
[Category: BizLaw/Legal]
