Energy dealmaking in the first half of 2024 has, in many ways, picked up where 2023 left off, but companies also increasingly have an eye on the U.S. presidential election this fall that could bring drastic change to the landscape. Here are some transactional trends that have stood out to energy attorneys so far this year.
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MONDAY, JULY 22, 2024 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

State Of 2024 Energy Dealmaking: Midyear Report

By Keith Goldberg

Energy dealmaking in the first half of 2024 has, in many ways, picked up where 2023 left off, but companies also increasingly have an eye on the U.S. presidential election this fall that could bring drastic change to the landscape. Here are some transactional trends that have stood out to energy attorneys so far this year.

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King & Spalding Guides Quanta's $1.5B Cupertino Buy

By Al Barbarino

Houston-based Quanta Services Inc. said Thursday it has acquired fellow energy infrastructure provider Cupertino Electric Inc. for up to $1.54 billion, with King & Spalding LLP and Fenwick & West LLP providing legal counsel on the deal, respectively. 

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Amphenol Corp. Paying $2.1B For CommScope Mobile Units

By Al Barbarino

Amphenol Corp. has inked a deal to buy two mobile networks units from CommScope for $2.1 billion, with Latham & Watkins LLP and Alston & Bird LLP advising the companies, respectively, on the all-cash deal, according to statements Thursday.

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RISING STAR

Rising Star: Davis Polk's Shanu Bajaj

By Tracey Read

The same year she made partner, Shanu Bajaj was on Davis Polk & Wardwell LLP's lead M&A team advising Exxon Mobil Corp. in the largest merger announced in 2023, earning her a spot among the mergers and acquisitions practitioners under age 40 honored by Law360 as Rising Stars.

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MERGER REVIEW

Live Nation Previews Part Of Case Against DOJ Suit

By Bryan Koenig

Live Nation and Ticketmaster have teed up part of their fight against an antitrust lawsuit brought by the U.S. Department of Justice and multiple state attorneys general, arguing that the state law claims are "threadbare" and that a chunk of the DOJ case amounts to trying to force them to deal with competitors.

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DEALS

Pharma Biz Buys Animal Medicine Co. For Up To $520M

By Jade Martinez-Pogue

Latham & Watkins LLP-advised animal health therapeutics company Invetx, which is currently owned by life sciences-focused investment management firm Novo Holdings, on Thursday announced plans to be bought by veterinary pharmaceuticals company Dechra Pharmaceuticals Ltd., advised by Kirkland & Ellis LLP, for up to $520 million.

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Deals Rumor Mill: Google, StandardAero, Sony

By Al Barbarino

Google parent Alphabet is nearing a $23 billion Wiz buy, PE firms circle StandardAero at a potential $10 billion price, and Sony backs away from Paramount after the Skydance deal. Law360 breaks down these and other notable deal rumors from the past week.

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PEOPLE

Womble Bond Adds Finance Atty With Latin America Focus

By Andrea Keckley

Womble Bond Dickinson's growing New York office is welcoming a capital markets and structured finance attorney after his more than 10 years with Hogan Lovells, most recently in Brazil.

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Ex-Venable Trusts And Estates Partner Joins Stradling In LA

By Adrian Cruz

Stradling Yocca Carlson & Rauth PC announced that it launched a trusts and estates practice with the hiring of an experienced Los Angeles-based partner from Venable LLP.

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EXPERT ANALYSIS

Del. Dispatch: 27.6% Stockholder Not A Controller

The Delaware Court of Chancery's recent decision in Sciannella v. AstraZeneca — which found that the pharma giant, a 26.7% stockholder of Viela Bio Inc., was not a controller of Viela, despite having management control — shows that overall context matters when challenging transactions on breach of fiduciary duty grounds, say attorneys at Fried Frank.

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LEGAL INDUSTRY

BCLP Seeks Merger Partner As Departures Continue

By Aebra Coe

Bryan Cave Leighton Paisner LLP's headcount has declined by more than 20% since the law firm's seminal combination, according to firm data, with a surge of lateral departures this spring and summer. Sources have told Law360 Pulse that firm leaders are currently seeking a merger partner.

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Several State Courts Impacted By Global Tech Outage

By Sarah Martinson

Several state courts have been impacted by a global Microsoft Windows outage Friday morning causing operational challenges and courthouse closures.

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DOJ Seeks Probe Of Conflicts In Ex-Fed. Judge's Cases

By Jack Karp

The U.S. Department of Justice has asked its internal watchdog to look into why federal prosecutors kept quiet about the fact that they allegedly knew now-resigned Alaska federal Judge Joshua Kindred had inappropriate relationships with several attorneys appearing before him, the DOJ confirmed to Law360 Friday.

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NASCAR Names New General Counsel Amid Shake-Up

By Sue Reisinger

NASCAR Holdings' has named a new general counsel and a new deputy general counsel and head of privacy to fill out the team of chief legal officer Amanda Oliver.

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Calif. Bar Backs Creating New Virtual Bar Exam To Cut Costs

By Hailey Konnath

The State Bar of California's Board of Trustees has signed off on plans to negotiate a potentially $8 million, five-year deal with Kaplan North America LLC to replace the Multistate Bar Exam with its own state exam that could be taken remotely, according to a statement issued Friday.

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Kavanaugh Murder-Attempt Suspect Set To Face Trial

By Rae Ann Varona

A man charged with attempting to kill U.S. Supreme Court Justice Brett Kavanaugh has failed to reach a plea deal after nearly two years of negotiations, setting his case up for trial in Maryland federal court, federal prosecutors said Friday.

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2nd Circ. Upholds Ax Of Ex-Ropes & Gray Clerk's Bar Exam Suit

By Ryan Boysen

A former Ropes & Gray LLP attorney who was fired after twice failing the New York bar exam can't sue the state agency that administers the test for failing to accommodate her disabilities, the Second Circuit ruled Friday, finding the agency is protected by sovereign immunity.

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Apple Wants Litigation Funder To Explain Role In Patent Row

By Rose Krebs

Apple Inc. wants a Delaware federal judge to order litigation funder Omni Bridgeway LLC to turn over documents explaining its relationship with Finnish company MPH Technologies Oy and its financial interest in MPH's ongoing patent litigation against Apple in California.

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NYC Bar OKs Attys' Financial Stakes In Alternative Biz Entities

By Andrea Keckley

A new ethics committee report says a New York City lawyer may hold a financial interest in alternative business structures in jurisdictions that let them provide legal services, provided the lawyer is merely a financial investor, not practicing law through the entity.

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Judge Recuses As Tech Firm Slams Dow Chemical's Request

By Ryan Harroff

An Ohio federal judge has recused himself from a trade secrets case brought against Dow Chemical Co. after the technology firm that sued it showed the court a settlement offer without approval that would grant Dow Chemical's recusal motion, which the tech firm said was a "cavalier approach to a drastic remedy."

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Class Seeks $1.5B Settlement In Payday Loan Dispute

By Crystal Owens

A class of borrowers has urged a Virginia federal court to approve what would be the largest settlement ever obtained in a challenge to participants in the tribal lending industry, arguing that the agreement would give significant relief to hundreds of thousands in the form of debt cancellations and cash payments.

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Law Profs Throw Flag On NFL's 'Unconscionable' Arbitration

By David Steele

Allowing the NFL's arbitration system, with commissioner Roger Goodell as the arbitrator, to prevail in Brian Flores' discrimination dispute with the league is "unconscionable" and "egregious," a dozen law professors have told the Second Circuit in an amicus brief supporting the former Miami Dolphins head coach.

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Calif. Firm Beats Rival's Claims In 'Sweet Justice' TM Fight

By Rachel Rippetoe

A California federal court on Thursday nixed a personal injury firm's countersuit against its rival in a battle over the trademark use of the term "Sweet Justice," ruling that the firm's counterclaims are a "mirror-image" of the underlying suit.

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'Texit' Atty Sues State Rep., Judge Over Defamation Fees

By Catherine Marfin

A civil rights attorney who has represented the group behind the "Texit" movement filed a lawsuit against a state representative and court officials in a North Texas county, accusing the group of colluding to run up attorney fees against him in a defamation case connected to the pro-Texas-secession group.

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Colo. Federal Judges Point Out Recent High Turnover

By Daniel Ducassi

Colorado's chief federal judge on Friday observed "there has been a lot of turnover" on the bench in the district over the past several years, noting five out of the seven active district court judges were nominated by President Joe Biden. 

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Law360's Legal Lions Of The Week

By Kevin Penton

Blanche Law PLLC and Continental PLLC lead this week's edition of Law360 Legal Lions, after a Florida federal judge tossed the criminal case against former President Donald Trump over his allegedly illegal retention of classified documents at his Mar-a-Lago estate.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

A kidney care company has asked a federal judge to throw out a former in-house counsel's lawsuit that claims she was fired for raising concerns about violations of federal anti-kickback statutes, and a study showed the world's most extensive public country-by-country tax reporting rules would require 51% of large U.S. multinational corporations to disclose tax arrangements. These are among the stories in corporate legal news you may have missed in the past week.

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UK Litigation Roundup: Here's What You Missed In London

By Max Austin

This past week in London has seen a libel clash between comedian Paul Currie and the Soho Theatre Company over allegations of anti-semitism, technology giant Huawei face a patents claim by Mediatek, Westfield Europe pursue action against Clearpay Finance for contract breaches and tour operating company Carnival hit chartered airline Maleth Aero for significant flight delays. Here, Law360 looks at these and other new claims in the U.K.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Alston & Bird

Baker Botts

Baker Donelson

Baker McKenzie

Bernstein Litowitz

Blake Cassels

Bryan Cave

Clyde & Co

Continental PLLC

Covington & Burling

Cravath Swaine

DAC Beachcroft

DLA Piper

Davis Polk

Dentons

Dorsey & Whitney

Eggleston King

Elefterakis Elefterakis

Fenwick & West

Fieldfisher

Fox Rothschild

Fried Frank

Gibson Dunn

Gowling WLG

Hahn Loeser

Haynes & Boone

Hogan Lovells

Hogen Adams

Holland & Knight

Howes Percival

Jo Anne Simon PC

Jones Day

Kelly Guzzo

King & Spalding

Kirkland & Ellis

Latham & Watkins

Loeb & Loeb

McCarthy Tetrault

McDermott Will & Emery

Mishcon de Reya

Morgan Lewis

Morris Nichols

Morrison Foerster

Munger Tolles

Musick Peeler

Nelson Mullins

Norton Rose

Osborne Clarke

Paul Hastings

Paul Weiss

Perkins Coie

Pirkey Barber

Quinn Emanuel

Richards Layton

Robinson Bradshaw

Ropes & Gray

Rutan & Tucker

Seyfarth Shaw

Sidley Austin

Simmons & Simmons

Simpson Thacher & Bartlett LLP

Siri & Glimstad

Skadden Arps

Spencer Fane

Stein & Vargas

Stradling Yocca

Sullivan & Cromwell

Sweet James LLP

Thompson Hine

Troutman Pepper

Venable LLP

Ward Hadaway

Washington & Washington

Wigdor LLP

Womble Bond

Wright Hassall

gunnercooke LLP

COMPANIES IN TODAY'S NEWS

AXA SA

Adobe Inc.

Aegon NV

Alexion Pharmaceuticals Inc.

American Arbitration Association

Amphenol Corp.

Apollo Global Management LLC

Apple Inc.

AstraZeneca PLC

Avangrid Inc.

Aviva SA

Boston University

CVC Capital Partners

Carnival Corp. & PLC

Chesapeake Energy Corp.

Chevron Corp.

Cisco Systems Inc.

Cleveland-Cliffs Inc.

Colorado Bar Association

Comerica Inc.

CommScope Inc.

ConocoPhillips Co.

Credit Suisse Group AG

CrowdStrike Holdings Inc.

Cupertino Electric Inc.

Denver Broncos Football Club

Diamondback Energy Inc.

Dow Inc.

EMI Group Ltd.

EQT Corp.

Equifax Inc.

Equitrans Midstream Corp.

Exxon Mobil Corp.

Global Infrastructure Partners

Google LLC

Horizon Therapeutics PLC

Houston Texans

Huawei Technologies Co. Ltd.

Iberdrola SA

JPMorgan Chase & Co.

KKR & Co. Inc.

Larsen & Toubro Ltd.

Leo Burnett Worldwide Inc.

Liberty Mutual Insurance Group

LinkedIn Corp.

Live Nation Entertainment Inc.

Loyola University New Orleans

Marathon Oil Corp.

Mercedes-Benz USA LLC

Meta Platforms Inc.

Miami Dolphins

Microsoft Corp.

Morgan Stanley

Morningstar, Inc.

Motorola Mobility LLC

NASDAQ Inc.

NFL Enterprises LLC

Nascar Digital Media LLC

National Hockey League

New York City Bar Association

New York Football Giants Inc.

New York University

Omni Bridgeway Ltd.

Panoramic Health

Pioneer Natural Resources Co.

Purdue Pharma LP

Quanta Services Inc.

Recurrent Energy Inc.

Sequoia Capital Operations LLC

Skydance Media LLC

SolarWinds Corp.

Solicitors Regulation Authority Ltd.

Southwestern Energy Co.

State Bar of California

Syngenta AG

The Carlyle Group Inc.

The Tennessee Titans

Twitter Inc.

Union Pacific Corp.

University of Southern California

Valeo Partners LLC

Veritas Capital Fund Management LLC

Viela Bio Inc.

Vodafone Group PLC

Walmart Inc.

Woodruff-Sawyer & Co.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Companies House

Consumer Financial Protection Bureau

Delaware Court of Chancery

European Union

Federal Bureau of Investigation

Federal Trade Commission

Food and Drug Administration

HM Revenue & Customs

Internal Revenue Service

Lac du Flambeau Band of Lake Superior Chippewa Indians

New York Attorney General's Office

Supreme Court of Nevada

Texas Legislature

U.S. Attorney's Office for the District of Alaska

U.S. Attorney's Office for the District of Maryland

U.S. Court of Appeals for the Second Circuit

U.S. Department of Commerce

U.S. Department of Justice

U.S. Department of the Treasury

U.S. District Court for the Central District of California

U.S. District Court for the District of Delaware

U.S. District Court for the District of Maryland

U.S. District Court for the Northern District of California

U.S. District Court for the Northern District of Texas

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Virginia

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the Northern District of Ohio