Lookzy: all your daily legal news in 0.1 billable hours. Plain English coverage of deals, litigation and legal trends trusted by lawyers at Cravath, Latham, Skadden, Gunderson and elsewhere.

Welcome to Lookzy. In today's Lookzy:

• TPS lifeline snapped: SCOTUS lets Trump end deportation shield for 350k Venezuelans

• $11.5 B grid grab: Blackstone muscles into Texas-New Mexico power business

• ChatGPT 1, Defamation 0: OpenAI beats early test of AI-libel claims

• Vanguard stung: Judge torpedoes a $40 M fee-flavored fund pact

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THE VERDICT

Arguing today's litigation news

TPS Ends For Venezuelans.
The U.S. Supreme Court, over two dissents, cleared the way for the Trump administration to terminate Temporary Protected Status for roughly 350,000 Venezuelans, holding the immigration statute gives the executive broad discretion. Advocates predict immediate removal proceedings and fresh equal-protection suits.

OpenAI Libel Win.
A Georgia judge tossed radio host Mark Walters’ defamation case, finding he failed to show actual malice after ChatGPT invented allegations against him; the order stresses the chatbot’s “may be wrong” disclaimer. It’s the first published ruling to test tort claims over AI hallucinations.

Vanguard Deal Nixed.
Southern District of N.Y. Judge Philip Halpern rejected a proposed $40 million settlement with Vanguard target-date-fund investors, calling it a “poor proxy” for the SEC’s parallel accord and warning of double-dipping on penalty credits. Counsel must renegotiate or face trial.

Goldstein Tax Fight.
Indicted SCOTUS advocate Tom Goldstein moved to dismiss tax-evasion charges, arguing DOJ’s theory criminalizes routine referral-fee structures and violates due-process notice. The D.C. judge ordered briefing on willfulness standards.

THE DEAL

Wheelin' and dealin' today's corporate news

Blackstone Bags TXNM.
Blackstone Infrastructure will buy regulated-utility TXNM Energy for $11.5 billion (16% premium), wagering on surging Southwest electricity demand tied to AI data-centers; closing needs sign-off from six state and federal regulators by 2H 2026.

Regeneron Buys 23andMe.
Drug-maker Regeneron agreed to acquire bankrupt genetics outfit 23andMe for $256 million cash, vowing “ethical” use of 14 million customer DNA files and eyeing gene-therapy synergies; Delaware judge set a July confirmation hearing.

Nippon Steel’s $14B Push.
A leaked board memo shows Nippon Steel will pour $4 billion into a new U.S. mill as part of a $14 billion stateside expansion package, betting on IRA-driven demand; Treasury CFIUS review expected.

Pet Mega-Merger Cleared.
Brazil’s CADE will rubber-stamp, without remedies, the Petz–Cobasi tie-up, creating LATAM’s largest pet-supply chain at R$9 billion revenue—appeal window closes in 15 days.

BOILERPLATE

Firm News

Legal-Aid Hack Exposed.
Britain’s Legal Aid Agency shut down online portals after discovering a breach that leaked applicants’ criminal records and financial data dating back to 2010; the National Crime Agency is probing, and claimants are already eyeing negligence suits.

Crypto-Fraud Suit Hits Trump Partners.
Investors sued ex-Dough Finance execs—now co-founders of Trump-aligned World Liberty Financial—over an unrepaid $1 million hack, alleging they pocketed $65 million while leaving users high and dry. Trial set for April 2026.

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