A federal judge in Virginia temporarily barred the Trump administration from taking steps to operate the $1.8 billion “anti-weaponization fund” while she weighs a longer-term block amid a growing number of legal challenges.

A deals boutique based in Los Angeles sold a position in their back-office functions to a private equity firm, employing a corporate structure that is increasingly gaining a foothold in the legal profession.

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

A new ban on corporate political donations in Hawaii shows that states can limit corporate powers, including the power to influence elections, Hawaii legal experts Clare Connors, Mark Recktenwald, and Aviam Soifer write.

Much of the attention to California’s struggling wine industry has focused on the businesses, but the practitioner question is what the state’s law permits in protecting the owners personally, Aliant’s Jacob Stein says.

Lawmakers in a handful of states—including California, New York and Illinois—are scrambling to cancel out payments from a $1.8 billion fund the Trump administration has earmarked for people alleging government mistreatment by imposing a 100% tax.

US Foods Inc. was hit with a lawsuit claiming it illegally used 401(k) forfeitures for its own benefit and attempted to paper over this misconduct by amending its retirement plan document.

The EEOC’s lawsuit alleging an Arkansas hospital discriminated against a former surgical technician based on his sex will proceed after a judge denied the hospital’s request for summary judgment.

A Kansas federal district court denied Spirit AeroSystems’ post-trial motions for judgment as a matter of law and remittitur on race discrimination and retaliation claims under Section 1981 and state law by a White employee, upholding a $2 million punitive damage award. Horinek v. Spirit Aerosystems, Inc., 2026 BL 192959, D. Kan., 24-1171-KHV, 5/26/26

A North Carolina federal district court granted summary judgment to Kidde Technologies on Title VII race discrimination and retaliation claims by a Black employee, finding no evidence of pretext or disparate treatment. Johnson v. Kidde Techs., Inc., 2026 BL 193293, E.D.N.C., 5:24-CV-598-BO-RJ, 5/22/26

Colorado Gov. Jared Polis (D) vetoed for a second year in a row a Teamsters-backed bill that would have banned operating an automated large commercial vehicle without a human driver present.

The Labor Department has created a longer financial disclosure form for the largest unions to use, altering the way labor reports its finances to the federal government.

A federal judge in Virginia temporarily barred the Trump administration from taking steps to operate the $1.8 billion “anti-weaponization fund” while she weighs a longer-term block amid a growing number of legal challenges.

A federal district court dismissed two New Jersey women’s claim that a congressionally imposed limit on the federal deduction for state and local taxes is unconstitutional—the latest legal defeat for opponents of the cap.

The UK tax authority on Friday released guidance on a new law that empowers it to directly act against promoters of tax avoidance schemes.

The Ohio legislature didn’t open a path for school boards to challenge valuations of property they don’t own in court when it removed their right to bring such challenges before the Ohio Board of Tax Appeals, the state high court ruled Friday.

The Treasury Department and the IRS moved Friday to address concerns that sovereign-wealth funds and other foreign-government investors in the US could be penalized by new regulations on when their US investment income is exempt from US taxation.

Federal Reserve Bank of Kansas City President Jeff Schmid said he remained focused on elevated inflation and officials should make it clear they’re willing to do what is needed to achieve price stability.

The US Securities and Exchange Commission wants to formally kill rules it’s now calling a “dramatic overreach” of its own authority that would have required public companies to report greenhouse gas emissions and climate-related risks to their operations.

Toms Capital Investment Management acquired a significant stake in McCormick & Co., Reuters reported, citing people familiar with the matter.

Nextpower Inc. shares briefly touched an all-time high after the solar tracking provider agreed to buy battery company Prevalon Energy for as much as $365 million, marking the solar-tracking provider’s move into energy storage and the fast-growing AI data-center market.

A deals boutique based in Los Angeles sold a position in their back-office functions to a private equity firm, employing a corporate structure that is increasingly gaining a foothold in the legal profession.

Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad Thursday evening, dealing a major setback to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX.

House lawmakers arrived for a closed-door session with former Attorney General Pam Bondi prepared to press her on the Justice Department’s decisions to withhold documents related to accused sex trafficker Jeffrey Epstein.