3 Firms Lead Swedish Miner's $1.3B Deal For 65% Nexa Stake

By Dawood Fakhir

Swedish mining and smelting company Boliden said it has agreed to acquire an approximately 65% stake in zinc and silver miner Nexa Resources SA for $1.31 billion to expand its presence in two important mining jurisdictions in Latin America.

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Apollo, KKR Partner With Atlantic Aviation At $10B Valuation

By Jade Martinez-Pogue

Private equity giants KKR, advised by Kirkland & Ellis LLP, and Apollo, led by Paul Weiss Rifkind Wharton & Garrison LLP, on Thursday unveiled a strategic partnership to support the growth of private aviation infrastructure platform Atlantic Aviation in a deal that values the company at close to $10 billion.

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Jeanie Buss Says Siblings' Lakers Sale Defies Court Order

By Craig Clough

Lakers controlling owner Jeanie Buss petitioned a California state court to halt efforts by her five siblings to sell the family's 17.8% share of the NBA franchise, saying the purported sale violates a 2017 court order that they take all reasonable steps to ensure she remains as the team's leader.

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Silver Lake Urges Chancery To Toss $1.7B Zuora Deal Suit

By Jarek Rutz

Silver Lake Group LLC and Zuora Inc. founder Tien Tzuo urged the Delaware Chancery Court on Thursday to throw out a stockholder suit challenging their $1.7 billion take-private deal, arguing the sale was protected by an independent special committee and an informed stockholder vote.

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UEFA Eyes Criminal Case Over Abandoned World Cup Sale

By Alex Lawson

European soccer's governing body is asking a Florida federal court for access to documents that may build its criminal case against FIFA's now-abandoned plans to sell off the commercial rights to the World Cup tournament.

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Chamber Says FTC's Meta Appeal Trying To 'Rewrite' Law

By Bryan Koenig

The U.S. Chamber of Commerce and other amicus filers urged the D.C. Circuit not to revive the Federal Trade Commission monopolization lawsuit targeting Meta's purchases of WhatsApp and Instagram, taking issue Thursday with how the FTC characterizes social media competition, consumer behavior and the law allowing it to sue.

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Dems Want DOJ, FTC To Look At Sysco's $29B Jetro Buy

By Gina Kim

Two Democratic lawmakers called on the U.S. Department of Justice and the Federal Trade Commission on Wednesday to closely inspect Sysco Corp.'s plans to buy competitor Restaurant Depot LLC aka Jetro Restaurant Depot at a total enterprise value of $29.1 billion, warning in a letter the transaction could hurt independent restaurants, farmers and Americans who "are already facing an affordability crisis."

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Satellite Comms Biz To Go Public Via $1B SPAC Merger

By Jade Martinez-Pogue

Satellite communications company Astrum Space Inc. on Thursday revealed plans to go public by merging with special purpose acquisition company Black Spade Acquisition III Co. in a deal that gives Astrum an equity value of roughly $1 billion.

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First Financial Corp. Buying First Illinois In $111.3M Deal

By Al Barbarino

First Financial Corp. has agreed to buy First Illinois Corp., the parent company of Hickory Point Bank and Trust, for about $111.3 million in cash and stock, expanding the Indiana-based bank's presence in central Illinois, the companies said Thursday.

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Deals Rumor Mill

SoftBank Weighs Big Bet On Humanoid Maker, And More

By Al Barbarino

SoftBank is looking to acquire a majority stake in humanoid robotics developer 1X Technologies at a $6 billion valuation, investment bankers are shopping Warner Bros. Discovery assets around as Paramount Skydance seeks potential remedies in its effort to complete its $110 billion acquisition of the media company, and Vanguard Group is set to acquire fintech platform Altruist for around $4 billion.

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News Outlets Say Trump Media's Suit Targets True Reports

By Carolina Bolado

News outlets sued by President Donald Trump's social media company asked a Florida judge Thursday to end the $1.5 billion suit, arguing that the allegedly defamatory reports were substantially true and were published without actual malice.

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Health Co. Gets Partial Win In Suit Over $8.5M Food Tech Deal

By David Minsky

A Florida federal judge handed a partial win to a health information technologies services company and its board Thursday, tossing some claims that they cheated a Canadian business out of $8.5 million in equity after fraudulently inducing the sale of a subsidiary specializing in plant-based extrusion technology.

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EV-Maker SPAC Investors Reach $4M Chancery Settlement

By Jarek Rutz

Former stockholders of the special purpose acquisition company that took electric vehicle manufacturer Lion Electric public have agreed to a $4 million cash settlement with seven individuals who served as Northern Genesis Acquisition Corp. directors, officers or alleged controllers to end Delaware Chancery Court claims over the 2021 deal.

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Salad Chain Gets OK For Lease Auction, New Ch. 11 Loan

By Rick Archer

A Texas bankruptcy judge on Thursday gave drive-thru chain Salad and Go permission to take out replacement Chapter 11 financing on new terms and put about 130 leases up for auction, including 65 originally slated for a $105 million private sale.

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FTC IonQ Review Unearths A Divide In Vertical Merger Remedy

The Federal Trade Commission's recent split decision to close its investigation into the merger between IonQ and SkyWater Technology offers a candid window into how enforcers may approach vertical merger concerns after a string of difficult government cases, says Nicholas Cheolas at Wiley.

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Series

Taekwondo Makes Me A Better Lawyer

Taekwondo has taught me to recognize when to fight for a position and when to focus on finding a solution, and that the best outcomes are often achieved by solving problems — all of which has improved my work as a bankruptcy lawyer, mediator and Subchapter V trustee, says Amy Denton Mayer at Berger Singerman.

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Exclusive

Inside The $150M Immigration Contract That Wasn't

By Daniel Connolly

The leader of a small Houston-based law firm says she was "blindsided" by an announcement from the federal government that her 24-attorney shop had won a $150 million no-bid contract to represent thousands of immigrant children in deportation proceedings.

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ABA Faces Uphill Battle To Remain As Law School Accreditor

By Emma Cueto

The American Bar Association council responsible for accrediting law schools is fighting on multiple fronts to retain its status as a nationwide accreditor, fending off challenges at both the federal and state levels.

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Dems Say DOJ Opinion Aims To Foil Oversight Of White House

By Courtney Bublé

With midterm elections right around the corner, Senate Democrats are worried the new legal opinion from the U.S. Department of Justice could let the Trump Administration obstruct congressional oversight of the White House.

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Google Users' Atty Fee To Be In 'Realm' Of $147M, Judge Says

By Bonnie Eslinger

A California federal judge indicated Thursday that he won't give the full $147 million in fees sought by lawyers who won a $425 million class action verdict against Google for unlawfully collecting user information, but he said their "really excellent lawyering" deserves an amount "within that realm."

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Womble Bond Asks To Drop Dutch Software Client Over Rift

By Hayley Fowler

Womble Bond Dickinson is looking to pull its representation of a Dutch software company after five years of a bitter trademark battle, citing a "fundamental disagreement" that has allegedly made it impossible for the firm to move forward as counsel of record.

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