Trump Reopens Security Review Of US Steel-Nippon Deal

By Al Barbarino

President Donald Trump on Monday ordered a fresh national security review of Nippon Steel's proposed $14.9 billion takeover of U.S. Steel, reviving a deal blocked by his predecessor and giving the companies some of the relief they sought in court.

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3 Firms Lead $5.7B Stonepeak, Woodside Louisiana Gas Deal

By Al Barbarino

Norton Rose Fulbright-advised Woodside Energy Group said Monday it has agreed to sell a 40% stake in its Louisiana LNG liquefied natural gas production and export terminal to U.S. investment firm Stonepeak for $5.7 billion.

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Royal Mail's £3.6B Sale To Tycoon Wins 33% Approval So Far

By Tom Fish

One-third of shareholders in the owner of Royal Mail have approved the planned £3.6 billion ($4.6 billion) takeover by a conglomerate controlled by a Czech billionaire — out of the 75% needed to give the green light — the companies said Monday.

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3 Firms Help Steer Bally's $187M Bailout Deal For The Star

By Jade Martinez-Pogue

Global casino giant Bally's Corp. on Monday announced it has agreed to help rescue Australian entertainment and gaming company The Star Entertainment Group Ltd. with an AU$300 million (approximately $187 million) investment, in a deal shaped by three law firms.

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Pair Of Blank Check IPOs Raising $411M To Pursue Mergers

By Jade Martinez-Pogue

Two separate special purpose acquisition companies, New Providence Acquisition III and Twelve Seas Investment III, on Monday unveiled plans to raise a combined $411 million in their initial public offerings.

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Monthly Merger Review Snapshot

By Matthew Perlman

The Federal Trade Commission sued to block GTCR BC's planned purchase of a medical device coatings company, the Justice Department's antitrust case against Live Nation survived a dismissal bid and a New York state court found a ski mountain deal hurt competition. Here, Law360 looks at the major merger review developments from March.

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Chancellor Asks About High Court Case In $2.1B SPAC Row

By Jeff Montgomery

A Delaware vice chancellor wondered Monday why neither side of a derivative suit over the $3 billion take-public merger of battery maker Microvast Holdings Inc. spoke about a recent state supreme court case relevant to the dispute.

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Kroger Says State AGs' Strategy Dooms Merger Row Fees Bid

By Bryan Koenig

Kroger and Albertsons have urged an Oregon federal judge not to grant legal fees to the attorneys general who challenged their now-nixed $24.6 billion merger alongside the Federal Trade Commission, arguing U.S. Supreme Court precedent clearly requires more than a temporary court block to win costs.

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Vice Chancellor Warns Plaintiff Over AI-Generated Filings

By Katryna Perera

A Delaware vice chancellor has threatened a plaintiff with sanctions in an appraisal action for allegedly using a "hallucinating" generative artificial intelligence program to prepare his motions and has ordered the plaintiff to disclose his use of AI in court filings moving forward.  

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Grocers Say Colo. AG Can't Fish For More 'No-Poach' Claims

By Thy Vo

Kroger and Albertsons have accused Colorado's attorney general of going on a "fishing expedition" as they wait for a ruling on a claim that the grocers brokered an illegal "no-poach" agreement during a 2022 grocery store strike, in a motion asking a Colorado state court to quash document requests into a February strike.

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A&O Shearman Adds Mayer Brown Energy Infrastructure Duo

By Jack Rodgers

Allen Overy Shearman Sterling has hired the former co-head of Mayer Brown LLP's global projects and infrastructure practice, who is joining alongside another former Mayer Brown partner, both of whom work with energy infrastructure deals, the firm announced Monday.

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Nelson Mullins Team Joins Duane Morris In DC, Atlanta, Miami

By James Mills

Duane Morris LLP announced Monday that it is expanding its corporate practice by bringing in a team of five Nelson Mullins Riley & Scarborough LLP transactional attorneys — including two partners — in its Washington, D.C., Atlanta and Miami locations.

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A Closer Look At New NYSE, Nasdaq Listing Rule Changes

The U.S. Securities and Exchange Commission has recently approved changes to the New York Stock Exchange's and the Nasdaq's listing rules on reverse stock splits, minimum share price requirements and required liquidity for initial listings, meaning listed companies facing delisting will have fewer means to regain compliance, say attorneys at Cahill Gordon.

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Series

Law School's Missed Lessons: Be An Indispensable Associate

While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson.

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Trump Wants To Use Firms That Cut Deals For Coal Leases

By Keith Goldberg

President Donald Trump said Tuesday that he wants to help coal companies with their leasing matters by proffering the services of BigLaw firms that signed agreements to avoid getting shut out of government work.

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Clifford Chance Lands Gibson Dunn Restructuring Co-Chair

By Tracey Read

Clifford Chance LLP announced Tuesday that it has hired the former co-chair of Gibson Dunn & Crutcher LLP's corporate restructuring practice to co-lead its global restructuring and insolvency practice.

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DOJ Shuts Crypto Unit, Shifts Focus From Intermediaries

By Aislinn Keely

The U.S. Department of Justice is disbanding its crypto unit and directing prosecutors to focus on cases against individuals who harm crypto investors or use digital assets to further other illegal activity, instead of bringing cases against platforms that enable the conduct, according to a memo circulated to all department employees.

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Atty Says Debevoise Fired Him Over Medical Leave

By Emmy Freedman

Debevoise & Plimpton LLP fired an attorney in its international dispute resolution practice group because he had taken medical leave, abruptly dismissing him two days after he returned, and refused to give him a chance to increase his billable hours, he told a New York federal court.

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In Trump Order Against Perkins Coie, GCs See Harm For Cos.

By Jake Maher

Nearly 70 current and former general counsel for companies including Apple Inc. and Starbucks filed an amicus brief Tuesday supporting Perkins Coie LLP in its suit against an executive order from President Donald Trump targeting the firm, saying the order "tramples on corporate independence, the right to counsel, and First Amendment rights."

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Ballard Spahr Fired Atty For Taking Medical Leave, Suit Says

By Patrick Hoff

A former attorney for Ballard Spahr LLP filed suit against the firm and the head of its employee benefits group Tuesday in New York federal court, claiming she was fired for taking medical leave and seeking a more flexible work schedule to deal with her epilepsy and a gastrointestinal condition. 

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Cravath Private Equity Co-Leader Joins Sidley In New York

By Andrea Keckley

Sidley Austin LLP announced Tuesday that the former co-head of Cravath Swaine & Moore LLP's private equity group is the latest addition to its growing mergers and acquisitions and private equity bench.

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Jay-Z 'Trying To Punish' Buzbee For Advocacy, Judge Told

By Rachel Scharf

Counsel for personal injury lawyer Tony Buzbee urged a California state judge on Tuesday to shut down Shawn "Jay-Z" Carter's extortion and defamation suit over now-dismissed rape claims, saying the rapper is "a well-funded, powerful figure who's trying to punish lawyers who do what lawyers do."

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