Insights
Illinois Joins Growing State-Level Effort to Regulate Frontier AI With New Safety Measures Act
Financial Regulation: July 2026 Edition
FDA Proposes to Eliminate “Adequate Provision” Standard for DTC Broadcast Advertising
Resource
The Latham US IPO Guide
An insider's guide to the IPO process in the United States.
Latham In Focus Video Series
The Book of Jargon Series – Word of the Day®
The Book of Jargon® is a series of practice area and industry-specific glossaries published by Latham & Watkins.
363 Sale
named after a section of the Bankruptcy Code, an auction-like procedure for a bankrupt entity to sell assets, subject to the judge’s approval. Often there is a stalking horse bidder that has already arranged to purchase the assets. If the stalking horse bidder is outbid (which does happen), the stalking horse bidder gets a breakup fee for its trouble.
Synthetic MLP
an MLP whose sole or primary asset is a less than 100 percent interest in an operating company. The Sponsor often owns the remaining interest and intends to transfer it, over time, to the MLP through Dropdowns.
Binding Offer
an obligatory Offer of the prospective Purchaser to enter into an Acquisition Agreement regarding the Acquisition of a company or assets (generally made in an Auction). Also called a Binding Bid.
Risk Free Rate
theoretical return on a risk-free investment, usually a US treasury Security.
Pending Civil Action
district court litigation involving the same patent pending in a PTAB Proceeding. Parties often seek a Stay of Litigation for a Pending Civil Action until the PTAB Proceeding concludes.

