SEC Proposes to Rescind 2024 Climate-Related Disclosure Rules
On May 29, 2026 the SEC proposed a full rescission of the climate‑related disclosure rules adopted in March 2024. The 2024 rules never took effect, having been stayed pending appellate review, so the rescission will not change current reporting obligations. The agency argues the rules exceeded its statutory authority and imposed unnecessary costs. Comment on the proposal is due August 3, 2026, and the SEC’s decision will shape its broader rulemaking agenda.
Biotech IPO Market Strengthens in 2026, but Quality Bar Remains High
Cooley partners Charlie Kim and Div Gupta told BioXconomy that biotech IPO activity is picking up in 2026, with a noticeable rise in deal volume and higher median valuations. They highlighted that investors are still demanding rigorous data packages and...
Cooley Expands Chicago Litigation Practice With Former Federal Prosecutor
Cooley announced that former Deputy Chief for National Security Tom Peabody has joined its Chicago litigation practice, marking the firm’s third ex‑federal prosecutor hire since the office opened in 2021. Peabody brings extensive trial experience in cybercrime, crypto‑related offenses, sanctions...
Former SG Prelogar Discusses Tenure, First Supreme Court Argument as Private Lawyer
Elizabeth Prelogar, former U.S. Solicitor General, has rejoined Cooley as a partner and is preparing for her 36th Supreme Court argument, the first she will present as a private lawyer. The Law.com profile details her tenure at the Justice Department,...
Inside the Tireless Lives of Data Center Attorneys
Cooley partner Mark Looney detailed his role representing data‑center developers in marathon public‑hearing sessions that often exceed a full day. He cited a 27‑hour hearing in 2024 as an example of the endurance required. Looney explained how he eases tension...
Gray Media Purchased Two Television Stations From SagamoreHill Broadcasting
Gray Media, one of the nation’s largest broadcast multimedia firms, closed two acquisitions in May 2026, purchasing SagamoreHill Broadcasting’s NBC‑affiliated WLTZ in Columbus, Georgia, and FOX‑affiliated KJTV in Lubbock, Texas. The deals were advised by Cooley LLP, with a team...
EOFlow Wins Federal Circuit Appeal Overturning $452 Million Jury Verdict
Cooley secured a win for EOFlow in the Federal Circuit, overturning a $452 million jury verdict (later reduced to $59.4 million) on trade‑secret claims and vacating a worldwide injunction. The appellate court found Insulet’s suit untimely, stating the company should have known...
SEC Proposes Sea Change in Compensation Disclosure Rules for All but Largest Issuers
On May 19, 2026 the SEC proposed a sweeping overhaul of its filing status rules, collapsing the existing five categories into just two: large accelerated filers (LAFs) and non‑accelerated filers (NAFs). The change would limit LAF status to companies with...
Top Intellectual Property Lawyers 2026
Cooley partners Heidi Keefe and Chad Shear have been named to the Daily Journal’s Top Intellectual Property Lawyers list, which spotlights California’s 100 highest‑performing IP attorneys. The ranking covers expertise in patent litigation, trademark and copyright matters. Their inclusion underscores Cooley’s strong...
HawkEye 360 Enters Into $125 Million Revolving Credit Facility
HawkEye 360, the publicly traded leader in space‑based signals intelligence, entered into a $125 million revolving credit facility that runs until May 2031. The facility, arranged by Cooley LLP, adds flexible liquidity to support the company’s expanding satellite data services and potential...
Antitrust Suits Spread Through Fertilizer Industry
Cooley partner Dee Bansal warned that a surge of antitrust lawsuits targeting fertilizer companies appears to be driven by reports of a government investigation. He cautioned that these cases are likely to be lengthy and costly, underscoring the importance of...
Europe’s New Tech-Licensing Rules: Evolution, Not Revolution
On May 1 2026 the EU’s revised Technology Transfer Block Exemption Regulation (TTBER) and accompanying Guidelines took effect, updating the 2014 framework that governed technology‑licensing agreements. The overhaul adds explicit treatment for data licensing, extends the market‑share breach grace period to three...
Trade Court Rejects Section 122 Tariffs, Appeal Pending
The US Court of International Trade ruled in a split decision that the Trump administration’s 10% global tariff imposed under Section 122 of the Trade Act of 1974 is invalid and exceeds statutory authority. The court issued a permanent injunction that...
Cooley Extends Run as #1 Ranked Global, US Advisor to Venture-Backed Companies
Cooley was again named the #1 law firm globally and in the United States for representing companies raising venture capital, according to PitchBook’s Q1 2026 Global League Tables and LSEG’s review. The firm also led in deal count and overall deal...
Mentari Therapeutics Announces Merger with InMed Pharmaceuticals, Concurrent $290 Million Private Placement
Mentari Therapeutics, a biotech focused on migraine prevention, announced a merger with InMed Pharmaceuticals alongside a $290 million private placement. The financing round was led by Fairmount and featured investors such as a16z Bio + Health, Venrock, Wellington Management, and Blackstone...
Cooley Reinforces Leading Privacy Practice for Major Tech Companies
Cooley announced that Meredith Halama and Katie Cramer have joined its global cyber/data/privacy group as partners, bolstering the firm’s ad‑tech privacy practice. Both lawyers come from Perkins Coie, where Halama co‑chaired the privacy and security practice and Cramer built a...
Cooley Advises Full-Life Technologies on $110 Million Series D Equity Financing
Cooley advised Full-Life Technologies on closing a $110 million Series D equity round, bringing the company’s total funding since 2021 to nearly $350 million. The round was led by Vivo Capital and included strategic partner SK Biopharmaceuticals alongside several venture firms. The capital...
Orphai Therapeutics Sale to Quince Therapeutics
Quince Therapeutics announced the acquisition of Orphai Therapeutics, a clinical‑stage biotech focused on rare pulmonary diseases. The deal brings Orphai’s lead inhaled rapamycin program, LAM‑001, into Quince’s pipeline and is supported by a private placement of up to $187 million. Cooley...
Sedona Conference Publishes Model Jury Instructions on DTSA’s 10th Anniversary
The Sedona Conference’s Trade Secrets Working Group has published the first model jury instructions for federal Defend Trade Secrets Act (DTSA) cases, concluding a three‑year, consensus‑driven drafting effort. The instructions cover trade‑secret definition, misappropriation, and damages, seeking to bring uniformity...
Playground Global Announces $475 Million Fourth Fund
Playground Global announced a $475 million fourth fund aimed at backing the next generation of deep‑technology companies. The new capital follows a $410 million Fund III closed in December 2023, reflecting a sizable increase in investor commitment. Cooley LLP advised the fund formation, continuing...
DoD Targets Foreign Ownership Disclosure in Proposed DFARS Rule
The Department of Defense issued a proposed DFARS rule requiring contractors and subcontractors with contracts exceeding $5 million to disclose foreign ownership, control or influence (FOCI) and beneficial‑owner information before award, and to keep those disclosures current throughout performance. The rule...
908 Devices Inc. Acquires NIRLAB AG
908 Devices Inc., a leader in handheld real‑time chemical analyzers, announced the acquisition of Swiss AI‑driven spectroscopy firm NIRLAB AG. The deal, advised by Cooley LLP on corporate and capital‑markets matters, adds NIR‑based narcotics detection to 908 Devices' portfolio. NIRLAB’s...
CoinDesk Live at Consensus Miami
Cooley partner Brian Klein appeared on CoinDesk Live during the Consensus Miami 2026 conference, providing an update on the high‑profile case of client Roman Storm. He warned crypto founders about mounting legal risks as U.S. federal agencies adopt a more...
FCC Proposes Making Spectrum Available for ‘Weird Space Stuff’
On March 26 the FCC released a Notice of Proposed Rulemaking titled “Spectrum Abundance for Weird Space Stuff,” inviting comments by May 11, 2026. The agency outlines two pathways to free up radio spectrum for emerging space activities: expanding existing...
The SEC’s Semiannual Reporting Proposal: Fare Thee Well Quarterly Reporting?
On May 5, 2026 the SEC proposed a rule change that would let domestic Exchange Act filers elect to file a single semiannual interim report on a new Form 10‑S instead of the traditional three quarterly Form 10‑Q filings. The election is...
Delos Capital and AP Biosciences Launch Collaboration to Create New Biotech Companies
Delos Capital and AP Biosciences have announced a strategic collaboration to launch and incubate new biotechnology companies focused on next‑generation antibodies. Through its Delos Foundry, Delos will lead therapeutic ideation, financing, and strategic development, while APBio supplies its proprietary antibody...
To NDA or Not to NDA Your Data Center Proposal?
Law360 reports growing backlash against nondisclosure agreements in data center proposals, as local governments push for greater transparency. Cooley partner Mark Looney cautioned that NDAs can obstruct public oversight and may trigger legal disputes for developers. The trend reflects heightened...
FDA Rolls Out 1-Day Assessment Pilot in Bid to Refocus Inspection Resources
The FDA announced a pilot program that conducts one‑day inspectional assessments to better allocate its inspection resources. The initiative aims to streamline oversight by focusing on higher‑risk facilities while providing clearer expectations for manufacturers. Cooley’s regulatory partner Sonia Nath said...
Eyewitness Accounts and Recommended Actions to Counter AI’s Strain on Cyber Defense
Cooley partner Michael Egan warned that artificial intelligence is enabling attackers to develop exploits and ransomware faster, exposing many organizations to heightened risk. He highlighted a pervasive gap: firms often lack incident‑response plans for supply‑chain failures. Egan emphasized the need...
Cooley Fourth Circuit Win Featured
Cooley attorneys Raymond P. Tolentino and Sahar Atassi secured a major Fourth Circuit victory for their pro bono client, Trokon Diahn. The appellate court granted Diahn’s petition for review, vacated the prior removal order, and remanded the case for further...
Cooley Wins Major Fourth Circuit Victory for Pro Bono Client Trokon Diahn
Cooley secured a landmark Fourth Circuit win for pro bono client Trokon Diahn, vacating his removal order and remanding the case for further proceedings. The court ruled that administrative exhaustion depends on the substance of a filing, not on formal...
Mona Dajani Joins Cooley as Co-Chair of Infrastructure, Energy and Real Estate Group
Cooley has launched an Infrastructure, Energy and Real Estate group in New York, appointing Mona Dajani as partner and co‑chair alongside Michelle Schulman. Dajani, a former global co‑chair of Baker Botts' energy, infrastructure and hydrogen practice, brings decades of experience in...
FDA Expectations Create Potential Friction in New Form 483 Response Guidance
The FDA has issued a draft guidance outlining heightened expectations for Form 483 response submissions, emphasizing greater detail and faster turnaround. Cooley’s life‑sciences regulatory chair, Sonia Nath, warned that these demands could generate friction between regulators and manufacturers. She urged...
Sprinklr Wins New York Federal Court Dismissal of Securities Class Action
Sprinklr, the AI‑driven CX platform, secured a dismissal of a securities class action in the Southern District of New York. The lawsuit alleged the company misled investors about shifting resources from its Core Suite to the newer Sprinklr Service CCaaS...
Money Transmission & Developer Liability
Cooley partner Brian Klein discussed on the Law of Code podcast the motion for acquittal filed on behalf of Roman Storm, a co‑founder of the Tornado Cash mixer. The conversation centered on how U.S. money‑transmission statutes could be applied to...
Cooley Welcomes Norm Armstrong as Chair of Global Antitrust and Competition Practice
Cooley has hired Norm Armstrong Jr. as a partner and chair of its global antitrust and competition practice, based in Washington, DC. Armstrong, a former deputy director of the FTC’s Bureau of Competition, brings extensive experience in enforcement, merger reviews,...
Virginia Requires Severance or Other Monetary Payment to Enforce Noncompetes for Discharged Employees
Effective July 1 2026, Virginia’s SB 170 amends the state’s noncompete statute, mandating that employers provide severance benefits or another monetary payment to enforce a noncompete against an employee terminated without cause. The amendment applies only to agreements executed, amended or renewed on...
Candid Therapeutics Acquired by UCB for up to $2.2 Billion
UCB announced it will acquire clinical‑stage biotech Candid Therapeutics for up to $2.2 billion, paying cash and stock to secure the company’s novel T‑cell engager (TCE) platform. Candid, known for its pipeline targeting autoimmune and inflammatory diseases, has previously raised $370 million...
How AI Will Change Services
Cooley partner Rachel Proffitt says AI will drive Big Law toward value‑based billing, moving away from traditional billable‑hour models. AI tools can automate routine tasks, improve data‑driven outcome predictions, and enable firms to price services based on results. The shift...
Cooley and BIICL Launch ‘Technology Based Disputes and Investment Treaty Arbitration’ Report
Cooley partnered with the British Institute of International and Comparative Law (BIICL) to release the study “Technology‑Based Disputes and Investment Treaty Arbitration” on March 10, 2026. The report investigates how artificial intelligence, blockchain, and other emerging technologies are reshaping the landscape of...
Who’s Got That Kind of Time: SEC Shortens Tender Offer Window for Equity Awards in Certain Circumstances
On April 16, 2026 the SEC granted relief that halves the mandatory tender‑offer window from 20 to 10 business days. The cut‑short period applies only when the consideration is cash and the offer is a company‑led self‑tender, with distinct rules...
$1B Benchmark: US Firms' Quest for UK Growth Marches On Year-on-Year
US‑founded law firms have collectively surpassed the $1 billion revenue mark in the United Kingdom, continuing a year‑on‑year growth trend. Cooley’s London office exemplifies this trajectory, reporting steady revenue gains over the past three years. The firm attributes its success to...
Align Ventures Invests in Scout AI’s Oversubscribed $100 Million Series A
Align Ventures, a venture fund focused on technology and consumer brands, co‑led a $100 million Series A round for Scout AI, an AI startup building Fury, a foundation model for unmanned warfare. The financing was oversubscribed and featured Draper Associates as a...
Cooley Partner Honored As Commercial Lawyer of the Year
Guadalupe Sampedro, a partner at Cooley, was named Commercial Lawyer of the Year by the Women and Diversity in Law Awards. The honor recognizes her expertise in cyber, data and privacy law, including AI and online‑safety regulations in the UK...
Elizabeth Prelogar Honored With Servant of Justice Award
Elizabeth Prelogar, a Cooley partner and former U.S. Solicitor General, received Legal Aid DC’s Servant of Justice Award, the organization’s highest honor. The award recognized her extensive pro bono work and her record of arguing 36 Supreme Court cases, the...
Cooley Signs Lease for New State‑of‑the‑Art Redwood City Office
Cooley LLP has signed a lease for a 145,000‑square‑foot office spanning the top four floors of a custom‑built tower at 1900 Broadway in Redwood City, with move‑in slated for early 2030. The new space will feature a centralized conference center,...
Four Cooley Partners Honored Among Elite in Data Breach Response
Four Cooley partners—Travis LeBlanc, Patrick Van Eecke, Guadalupe Sampedro and Kristen Mathews—were named to Cybersecurity Docket’s Incident Response Elite for 2026, a global list that spotlights top data‑breach response lawyers. LeBlanc earned his ninth appearance, Van Eecke his third, Sampedro...
Litigator of the Week Runners-Up and Shout-Outs
Cooley’s appellate team earned a shout‑out in The American Lawyer’s Litigator of the Week Runners‑Up list after securing a unanimous Delaware Supreme Court ruling that overturned a Delaware Chancery Court decision. The decision eliminated roughly $40 million in potential personal damages...
How Niche Specialist Managers Are Winning LP Capital
Cooley partner Jaclyn Rabin highlighted a growing shift among mid‑market private‑equity firms toward niche specialization as a way to win limited‑partner (LP) capital. By concentrating on specific industries or strategies, these managers can articulate a clear competitive edge and transparent...
Caihong Secures Decisive Victory at ITC
Cooley secured a decisive win for Chinese LCD glass maker Caihong at the US International Trade Commission. An administrative law judge found Caihong’s 616 glass does not infringe Corning’s patents, allowing continued imports of televisions using the glass. Corning chose...