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Winston has one of the world’s premier sports law practices. Our work has included some of the most famous legal matters in sports history—including Alston v. NCAA, the case that culminated in a 9–0 Supreme Court victory for the college players against the NCAA; the US$2.15B Los Angeles Dodgers acquisition; McNeil v. the NFL, the landmark antitrust jury trial that led to the establishment of free agency in the NFL; the multi-billion-dollar construction and permanent financings for SoFi Stadium; and Morgan v. USSF, the case that led to a historic equal pay settlement for the players on the Women’s National Team. Our work is transforming this global, multibillion-dollar industry.
Practice Area
Trade Secrets, Non Competes & Restrictive Covenants
Theft of trade secrets and other confidential information occurs all too frequently in today’s global, highly mobile, and competitive marketplace. In the course of advising clients, we have developed comprehensive, yet scalable, strategies for both mitigating against and responding to issues along the trade secrets protection spectrum, including helping position clients proactively before trade secrets theft occurs.
Experience 51 results
Experience
|August 19, 2025
Winston advised Ellipsis U.S. Onshore Holdings LLC, a portfolio company of the Westlawn Group, in connection with the acquisition of high-quality, non-operated working interests in the Permian Basin of Texas and New Mexico—adding approximately 4,000 barrels of oil equivalent per day in net production and over 600 gross remaining drilling locations. This strategic transaction strengthens Ellipsis’ Delaware Basin footprint and supports its strategy of scaling through high-margin, low-cost assets.
Experience
|August 12, 2025
US$2B Roper Technologies, Inc. Senior Notes Offering
Winston & Strawn LLP served as underwriters' counsel to BofA Securities, J.P. Morgan, and Wells Fargo Securities, as joint book-running managers, in connection with the registered public offering by Roper Technologies, Inc. of US$2B of senior notes, comprised of US$500M of its 4.250% senior notes due 2028, US$500M of its 4.450% senior notes due 2030 and US$1B of its 5.100% senior notes due 2035.
Experience
|February 10, 2025
US$600 million Total Play Telecomunicaciones S.A.P.I. de C.V. Offer to Exchange Senior Notes
Winston & Strawn represented Total Play Telecomunicaciones, S.A.P.I. de C.V. (“Total Play”), a leading telecommunications company in Mexico, in connection with the offer to exchange (a) up to US$600M of its outstanding 6.375% Senior Notes due 2028 (the “Existing Notes”) for newly issued 11.125% Senior Secured Notes due 2032 (the “New Notes”) and (b) a cash payment by each tendering holder of U.S.$450 for each U.S.$1,000 in Existing Notes tendered by such holder (the “New Money Deposits”) for newly issued New Notes. Total Play also solicited holders for their consent to certain proposed amendments to the Existing Notes. The issuance of the New Notes was issued pursuant to Rule 144A under the Securities Act and outside the United States pursuant to Regulation S under the Securities Act.
Insights & News 660 results
Direct Sellers Update: Regulation, Law & Policy
|September 16, 2025
|6 Min Read
The FTC Trades Blanket Non-Compete Bans for Case-by-Case Enforcement
Direct Sellers, time to let out a sigh of relief. On September 5, 2025, the Federal Trade Commission officially dropped its appeal of a federal court’s decision striking down the FTC’s rule banning non-competes.
Direct Sellers Update: Regulation, Law & Policy
|September 9, 2025
|3 Min Read
No More Click to Cancel Rule—But FTC Enforcement Actions Keep Coming
The FTC’s much-anticipated “Click to Cancel” Rule was nixed, but the FTC is not backing down. The FTC continues to use Section 5 of the FTC Act and various other regulations to bring enforcement actions against companies that fail to provide clear and conspicuous disclosures about recurring charges and easy-to-cancel options for consumers.
In the Media
|September 8, 2025
|1 Min Read
Erin Weber Highlights Upcoming Fifth Circuit Rehearing of No Surprises Act Challenge in Law360
Winston & Strawn partner Erin Weber was featured in a Law360 article discussing the Fifth Circuit’s upcoming en banc rehearing of a challenge to the No Surprises Act (NSA), which was designed to protect patients from unexpected out-of-network medical bills by establishing an arbitration process between insurers and providers. The full court agreed to rehear the case after a three-judge panel largely upheld the law in 2024. The consolidated suit, led by the Texas Medical Association, argues that the federal government unlawfully implemented a 2021 rule governing how payment amounts are calculated in the Independent Dispute Resolution (IDR) process.
Other Results 14 results
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Winston & Strawn LLP is committed to providing employment opportunities to individuals whose experience and abilities best match job requirements. It is the policy of Winston & Strawn, in accordance with the provisions of local, state, and federal legislation dealing with employment and personnel practices, to ensure equal employment opportunity to all qualified persons without regard to race (including but not limited to, hair texture and protective hairstyles, which include but not limited to, such hairstyles as braids, locks, and twists), color, religion (including religious dress and grooming practices), personal appearance, creed, national origin (includes language use and possession of a driver’s license issued to persons unable to prove their presence in the United States is authorized under federal law, sex (including pregnancy, childbirth, breastfeeding and/or related medical conditions), gender identity or expression, ancestry, age (40+), sexual orientation, sexual preference, physical or mental disability, medical condition (including cancer and HIV/AIDS), marital status, genetic information (including family medical history), familial status or responsibilities, matriculation, political affiliation, order of protection status, salary or wage history, current employment status, disabled veterans, recent separated veterans (within three years of discharge or release from active duty), armed forces service medal veterans (veterans who, while on active duty, participated in a U.S. military operation for which an Armed Forces service medal was awarded), and other protected veterans (veterans who served as active duty during wartime or in a campaign or expedition for which a campaign badge has been authorized), or any other status protected by applicable federal, state, or local law (collectively, “protected characteristics). It is the interest and desire of the firm that equal opportunity be provided in employment and personnel policies and practices, such as recruiting, hiring, promotions, reassignments, transfers, Firm-Sponsored training, compensation, benefits, layoffs and recalls, terminations, recreation programs and all other privileges, terms, and conditions of employment.
Law Glossary
What Does “No Sugar Added” Mean?
The Food and Drug Administration (FDA) has set guidelines regarding the meaning of no sugar added. The FDA provides specific labeling requirements for the nutrient content of foods and claims about those foods. According to the FDA, when manufacturers claim a food has “no added sugars,” it cannot be processed with any sugar or sugar-containing ingredients, though it can have sugar alcohol or artificial sweeteners. Products without added sugar can contain naturally occurring sugar.
Site Content
What Is a Non-Fungible Token (NFT)?
The definition of a Non-Fungible Token, also known as an NFT, is a digital certificate (or token) which is stored on decentralized ledgers popularly referred to as the blockchain. NFTs use software code, referred to as “smart contracts,” to transfer the digital certificate of ownership, ensuring proof of ownership in the process. Like cryptocurrency, NFTs also use the blockchain to record transactions, but where cryptocurrency creates interchangeable (or “fungible”) tokens, NFTs create unique, noninterchangeable tokens with distinct identifiers.