🧩 Coinbase's Texas move gets a shareholder suit dismissed
PLUS: Groq investors challenge the Nvidia deal; GE buys closer to the patient
October 6, 2026
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:
Coinbase's move to Texas changes the rules for a shareholder suit
Groq investors say insiders kept too much of the Nvidia deal
C.H. Robinson plans to bring its AI tools to RXO
GE HealthCare buys nearby factories for short-lived imaging drugs
THE VERDICT
Arguing today's litigation news
Texas rules apply. Coinbase's move from Delaware to Texas has helped it get a shareholder suit dismissed. A Texas Business Court judge ruled that the shareholder had to ask Coinbase to pursue the claims before suing on its behalf, even though the alleged misconduct predated its December 2025 move. Delaware allows shareholders to argue that making that request would be futile; Texas required a demand here, and the shareholder made none. The dismissal is without prejudice and does not decide the merits of the claims.
Groq's deal split. Two former Groq shareholders sued its former board and CEO over the $20 billion Nvidia deal, alleging insiders received benefits other investors didn't share and then squeezed out the remaining shareholders at an undervalued price. The Delaware complaint was unsealed Monday. Last December's deal transferred most of Groq's assets and staff to Nvidia, leaving a corporate shell whose buyout is now under challenge. Nvidia isn't a defendant. Groq calls the claims meritless and says the deal created exceptional value.
Another missing case. Jackson Walker must explain why it shouldn't be sanctioned for failing to disclose its Diebold Nixdorf bankruptcy work to authorities reviewing cases overseen by former judge David Jones. Jones resigned in 2023 after his romantic relationship with a firm partner became public. Houston's chief bankruptcy judge ordered a list of all such cases by October 15 and is considering recommending a special master to find further omissions. The firm declined comment.
THE DEAL
Wheelin' and dealin' today's corporate news
AI meets freight. C.H. Robinson agreed to buy freight broker RXO in a $5.8 billion cash-and-stock deal. The buyer plans to bring its AI tools and ways of running the business to RXO. It projects $300 million in annual net cost savings within two years of closing. RXO also brings expedited shipping and last-mile delivery capabilities. Gibson Dunn advises C.H. Robinson; Paul Weiss advises RXO.
A 110-minute half-life. GE HealthCare agreed to buy Sofie Biosciences from Trilantic North America for $945 million in cash, adding 15 U.S. manufacturing sites for imaging drugs. Proximity matters: fluorine-18, used in PET imaging drugs, has a 110-minute half-life, limiting how far those drugs can travel. GE says Sofie will keep manufacturing for other customers, including GE's competitors.
BOILERPLATE
S&C rebuilds appellate leadership. Sullivan & Cromwell hired Jonathan Ellis from McGuireWoods and Michael Huston and Nicholas Crown from Ashurst Perkins Coie as Washington partners. Ellis and Huston will co-head the Supreme Court and appellate practice, following Jeffrey Wall's April departure for Gibson Dunn with three other lawyers.
Fourth firm together. Freshfields private capital leaders Neal Reenan and Ian Bushner joined Debevoise as New York M&A partners. The pair moved from Kirkland to Latham in 2020, to Freshfields in 2024 and now to Debevoise.
Alright, back to billing. That's all, folks!
