A majority stake in Calisen Group is changing hands in a private equity-backed deal that is said to value the British smart metering company at more than $5 billion, according to disclosures made Monday. 
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TOP NEWS

PE Firms Swap Calisen Stake At Reported $5B Value

By Al Barbarino

A majority stake in Calisen Group is changing hands in a private equity-backed deal that is said to value the British smart metering company at more than $5 billion, according to disclosures made Monday. 

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US Pitches $7.5B Loan To Stellantis-Samsung Battery Venture

By Tom Lotshaw

The U.S. Department of Energy on Monday said it intends to lend up to $7.54 billion to back a pair of lithium-ion battery manufacturing facilities that a joint venture of Samsung SDI and automaker Stellantis NV is developing in central Indiana.

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Gibson Dunn-Led TreeHouse Foods Buys Tea Biz For $205M

By Jade Martinez-Pogue

Private brands snacking and drink manufacturer TreeHouse Foods Inc., advised by Gibson Dunn & Crutcher LLP, on Monday announced plans to buy Holland & Knight LLP-led Harris Tea for roughly $205 million.

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DELAWARE

Chancery OKs $21M Deal To End Gene Co. Class Suit

By Jeff Montgomery

A $21 million settlement of stockholder challenges to a blank check company's take-public merger with clinical data and genomics company Sema4 Holdings in July 2021 won Delaware Court of Chancery approval Monday, with nearly $4.1 million carved out for attorney fees.

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DEALS

Citi Splits Off Mexican Retail Bank Ahead Of Planned IPO

By Tom Zanki

Citigroup said Monday it has completed the expected spinoff of its Mexican retail banking unit called Banamex — part of a strategy to separate its retail and institutional banking businesses in Mexico — paving the way for an initial public offering of Banamex.

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Software Biz K3 To Sell Unit To PE-Backed Co. For £36M

By Tom Fish

U.K. business software group K3 said Monday that it has agreed to sell subsidiary NexSys to Syspro for £36 million ($46 million) as the private equity-backed company aims to expand in the U.K. and Europe.

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LITIGATION

DOJ, AGs Back Block Of ESPN Sport Streaming JV At 2nd Circ.

By Bryan Koenig

The Justice Department and a group of Democratic state attorneys general are backing a lower court injunction against a sports-only streaming service from ESPN, Fox and Warner Bros. Discovery, telling the Second Circuit the sports giants can't claim they have a right to refuse dealing with rivals after joining forces.

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PEOPLE

Bochner Litigator Jumps To Gordon Rees In Bay Area

By James Mills

Gordon Rees Scully Mansukhani LLP is deepening its California bench, bringing in a Bochner PLLC litigation and transactional attorney as a partner in its San Francisco Bay Area offices.

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EXPERT ANALYSIS

3 Changes Community Banks Should Expect Under Trump

A second Trump administration promises a sea change for regional and community banks, including shifts in the regulatory environment, Community Reinvestment Act rules and the M&A landscape, say attorneys at Manatt.

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LEGAL INDUSTRY

Bonus Spotlight

Mid-Law Firm Seward & Kissel Matching Milbank Bonus Scale

By Tracey Read

Seward & Kissel LLP, a Mid-Law firm with offices in New York and Washington, D.C., has joined the bonus bandwagon for associates by matching the year-end and special cash rewards set by Milbank LLP, according to media reports.

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The Top In-House Hires Of November

By Sue Reisinger

Legal department moves in the last month included high-profile announcements at CSX Corp., Cohen & Steers Inc. and Pershing Square Holdings Ltd., including two general counsel joining boards of directors. Here, Law360 Pulse looks at some of the top in-house appointments from November.

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Jackson Walker 'Extinguished' Privilege Over Judge Romance

By Lynn LaRowe

An Oregon federal judge has said Holland & Knight LLP lawyers must turn over documents regarding their advice to Jackson Walker LLP on how to handle the "debacle" of a former firm partner's intimate relationship with a former bankruptcy judge, finding Jackson Walker has "utterly extinguished" any claim to attorney-client privilege.

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Analysis

Biden's Pardon Is Another Blow To Special Counsel Probes

By Phillip Bantz

President Joe Biden's pardon of his son over the weekend marks the latest example of a special counsel investigation fizzling and raises doubts over the future use of such probes, which can drag on for years and cost taxpayers millions of dollars.

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NC Judge Is 2nd To Reverse Senior Status Plans After Election

By Courtney Bublé

A second federal judge appointed by a Democratic president has reversed his decision to take senior status in the wake of former President Donald Trump's win in the 2024 presidential election.

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Senate Sends Calif. Judge To Federal Bench

By Courtney Bublé

The U.S. Senate voted 48-43 on Monday evening to confirm California Superior Court Judge Anne Hwang to a federal judgeship in the Central District of California.

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Girardi Won't Get New Fraud Trial Despite Memory Claims

By Rae Ann Varona

A California federal judge on Monday denied Tom Girardi's bid for a new trial after a jury found he misappropriated $15 million worth of client settlement funds, standing by a prior assessment that the disbarred attorney was "exaggerating" symptoms of mild cognitive impairment.

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Hagens Berman Sued For Slice Of Atty Fee From Effexor Deal

By Rae Ann Varona

A pharmaceutical reseller's in-house counsel and founder lodged a breach of contract suit against Hagens Berman in Mississippi federal court, accusing the law firm of refusing to pay him his share of a $13 million attorney fees award stemming from an antitrust class settlement with Pfizer Inc. unit Wyeth.

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Ex-BigLaw Atty Who Killed Wife Faces Depo Over Settlement

By Jack Karp

Former Fisher Phillips partner Claud "Tex" McIver, who is serving a prison sentence for killing his wife, is set to be deposed as soon as Tuesday as part of the legal battle in Georgia state court over who is entitled to the settlement of the wrongful death suit brought by his wife's estate.

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LAW FIRMS IN TODAY'S NEWS

Abell Eskew

Andrews & Springer

Barrett Law Group

Bay Capital Legal

Blake Morgan LLP

Bochner PLLC

Brown Raysman

Cheeley Law Group

Cravath Swaine

Creel Law Group

Dechert LLP

Fish & Richardson

Fisher & Phillips

Fox Rothschild

Gaslowitz Frankel

Gibson Dunn

Gordon Rees Scully Mansukhani

Grant & Eisenhofer

Hagens Berman

Holland & Knight

Jackson Walker LLP

Kellogg Hansen

Manatt Phelps

Mayer Brown

McGovern Weems

Milbank LLP

Morris Nichols

Norton Rose

Quinn Emanuel

Robbins Geller

Robbins LLP

Robin Frazer Clark PC

Ropers Majeski

Rusty Hardin & Associates

Schulte Roth

Seward & Kissel

Skadden Arps

Sullivan & Cromwell

Thompson Hine

Weil Gotshal

White & Case

Windels Marx

COMPANIES IN TODAY'S NEWS

Advent International Corp.

American Bar Association

Ameriprise Financial Inc.

BlackRock Inc.

CSX Corp.

Chevron Corp.

Citigroup Inc.

Cohen & Steers, Inc.

Corporate Legal Operations Consortium

Curtiss-Wright Corp.

EQT Corp.

ESPN Inc.

Financial Times Group Ltd.

General Mills Inc.

Global Infrastructure Partners

Groupe PSA

Grupo Financiero Banamex S.A. de C.V.

Hawaiian Holdings Inc.

Hulu LLC

LPL Financial Holdings Inc.

Legalist Inc.

LinkedIn Corp.

London Stock Exchange Group PLC

MultiPlan Corp.

New York University

PG&E Corp.

Pershing Square Capital Management LP

Pfizer Inc.

Photronics, Inc.

Samsung Electronics Co. Ltd.

Stellantis NV

TerrAscend Corp.

Teva Pharmaceutical Industries Ltd.

The Goldman Sachs Group Inc.

The Walt Disney Co.

TreeHouse Foods Inc.

Uber Technologies Inc.

Warner Bros. Discovery Inc.

Warner Bros. Entertainment Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Federal Bureau of Investigation

Federal Deposit Insurance Corp.

Federal Judicial Center

Federal Reserve System

Georgia Court of Appeals

Georgia Supreme Court

New York Attorney General's Office

Office of the Comptroller of the Currency

U.S. Attorney's Office for the Central District of California

U.S. Court of Appeals for the Second Circuit

U.S. Department of Energy

U.S. Department of Justice

U.S. District & Bankruptcy Courts of Southern District of Texas

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

U.S. District Court for the District of Oregon

U.S. District Court for the Southern District of Mississippi

U.S. House of Representatives

U.S. Senate

U.S. Supreme Court