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Insights

Writing & client alerts.

Long-form analysis from the firm's partners and senior associates. Updated about twice a month. To receive client alerts by email, ask your relationship partner — or subscribe via the contact page.

Halberd & Stone partner writing at a desk with legal books and a newspaper
May 2026 · Corporate & M&A

What the SEC's revised Rule 14e-5 means for founder-led tender offers

The SEC's April amendments to Rule 14e-5 substantially change what founders can and cannot do in a competing tender offer. We walk through three common fact patterns and the steps that have changed.

Caroline Ng · 12 min read
April 2026 · Intellectual property

Post-Loper Bright: how patent examiners are quietly tightening Section 101

A year after the Supreme Court's Loper Bright decision, we've reviewed 800 software-patent office actions to see what's actually shifted at the USPTO. The short answer: rejections are up 14% and the reasoning is changing.

Aaron Petros · Dr. Anjali Suresh · 9 min read
March 2026 · Litigation

Five lessons from trying a derivative claim before a Delaware judge in 2026

Our practice chair reflects on a recent four-week Chancery trial — what worked, what didn't, and what every board should know about how derivative claims are being framed this year.

Marcus Voss · 14 min read
February 2026 · Tax & private wealth

Estate planning before a liquidity event: the seven moves that compound

A practical guide for founders nearing an exit. We cover GRATs, intentionally defective grantor trusts, charitable lead annuities, and the under-discussed value of pre-IPO gifting windows.

James Halberd · 18 min read
January 2026 · Cross-cutting

Generative AI in legal practice: what we're using, what we're not, and why

A transparent look at how the firm is integrating large-language-model tools into our work, where we've drawn the line, and what we tell clients about model usage during sensitive engagements.

Firm Knowledge Committee · 8 min read
November 2025 · Corporate

Down rounds without drama: protective provisions that travel well

A field guide to drafting protective provisions that survive a down round without exploding founder dynamics. Drawn from 22 down-round financings the firm closed in 2024–2025.

Caroline Ng · 11 min read

Quarterly review

Every quarter we send subscribers a 30-page review of the legal landscape — what's changed in case law, what we're seeing in deal terms, and what we expect over the next three months. Plain-spoken, no marketing.

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