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Private Equity
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April 01, 2025
Saudi Co. Wants 11th Circ. To Revive Oil Suit Against Siemens
A Saudi Arabian company on Tuesday urged the Eleventh Circuit to reverse the dismissal of its business interference complaint against Siemens Energy Inc., arguing a lower Florida federal court should allow the lawsuit to proceed and resolve the alleged factual claims.
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April 01, 2025
Pork Price-Fixing Fight Over Sales Data Swap Heads To Trial
A Minnesota federal court mostly denied Monday a slew of summary judgment motions from Tyson and other pork producers seeking wins in an antitrust suit alleging they conspired with data firm Agri Stats to fix pork prices and reduce supply, teeing up the high-stakes multidistrict litigation for a June trial.
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April 01, 2025
Trump Admin Fights Wash.'s Bid To Expand Layoff Injunction
The Trump administration has urged a California federal judge to reject the state of Washington's request to expand an injunction blocking federal agencies from firing probationary employees, saying the bid to broaden the order to other agencies is unnecessary and based on unfounded speculation of harm.
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April 01, 2025
Loeb, Skadden Steer Siddhi Acquisition's Upsized $240M IPO
Siddhi Acquisition Corp., backed by food and technology-focused private investors, began trading Tuesday after raising an upsized $240 million initial public offering, represented by Loeb & Loeb LLP and underwriters' counsel Skadden Arps Slate Meagher & Flom LLP.
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April 01, 2025
Ex-Biotech CEO Wrongly Sentenced To 7 Years, DC Circ. Told
A former biotech executive who pled guilty to misleading investors about a blood-based COVID-19 test urged the D.C. Circuit to order a redo of his seven-year prison sentence on Tuesday, telling an appeals panel that the trial court miscalculated the sentencing guidelines.
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April 01, 2025
FDA Cuts Prompt Biotech Players To Rethink Deal Strategies
Funding cuts at the U.S. Department of Health and Human Services are sending ripples of concern through the biotech industry, as attorneys advise companies to consider a wider breadth of strategic alternatives amid fears of regulatory delays.
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April 01, 2025
Oil & Gas Dealmakers Undaunted Despite Industry Worries
The pace of overall mergers and acquisitions in the U.S. market has slowed this year amid uncertainty over tariffs and export policy, but dealmaking in the oil and gas industry is remaining steady thanks to increasing gas demand and relatively stable oil prices.
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April 01, 2025
Davis Wright Hires 40-Year Energy Vet From Pierce Atwood
Davis Wright Tremaine LLP has hired an energy partner from Pierce Atwood LLP who has more than four decades of experience representing energy project developers, private equity companies who invest in those projects and other players, the firm announced on Tuesday.
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April 01, 2025
Davis Polk Adds Structured Finance Pro From Cadwalader
Davis Polk & Wardwell LLP has expanded its finance practice in New York with the addition of a structured finance pro from Cadwalader Wickersham & Taft LLP.
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April 01, 2025
OpenAI Raising Up To $40B In SoftBank-Led Funding Round
Wachtell Lipton Rosen & Katz-led OpenAI has secured an agreement for up to $40 billion in funding led by Japan's SoftBank, in a deal that values the artificial intelligence company behind ChatGPT at $300 billion.
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April 01, 2025
Goodwin Grows Private Equity Practice With New SF Partner
Goodwin Procter LLP announced Tuesday that a former Willkie Farr & Gallagher LLP attorney who handles complex transactions in the technology, fintech and healthcare industries has joined its private equity practice as a partner in San Francisco.
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March 31, 2025
Trump Commutes Con Man Jason Galanis' Prison Sentence
President Donald Trump on Friday commuted the nearly 16-year sentence of fraudster Jason Galanis, who was convicted in a shareholder rip-off and a tribal bond swindle that cost investors $81 million.
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March 31, 2025
Nasdaq's Tighter IPO Rules Raise Bar For Small Companies
Nasdaq is seeking to weed out volatile stocks by tightening listing standards for small companies conducting initial public offerings or uplistings, although lawyers caution that new rules could prompt capital-hungry companies to pursue other listing strategies, including reverse mergers.
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March 31, 2025
9th Circ. Revives Investor Suit Over $8B Avalara Sale
The Ninth Circuit on Monday partially revived a proposed class action accusing tax software company Avalara Inc. of underselling investors on its future prospects before taking the company private in an $8.4 billion deal.
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March 31, 2025
Ex-Bridgewater Execs Forced To Arbitrate Discrimination Suit
A Connecticut federal judge on Monday agreed to force arbitration of a dispute from two former Bridgewater Associates LP executives alleging discrimination against the multibillion-dollar asset management firm.
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March 31, 2025
Luxembourg Fund Claims Fla. Entreprenuer Owes $40M Loan
A Luxembourg investment fund has sued a Florida entrepreneur in federal court for allegedly misrepresenting the financial condition of his businesses in order to secure three loans, saying he now owes more than $40 million that he has also failed to pay back.
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March 31, 2025
Alcoa Gets Pension Annuity Suit Thrown Out, For Now
A D.C. federal judge agreed to toss a proposed class action from Alcoa retirees who alleged the aluminum manufacturer put their pensions at unnecessary risk by converting their benefits into annuity insurance contracts, backing Alcoa's argument that the retirees lacked standing to sue.
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March 31, 2025
2 Firms Help Canadian PE Shop Raise CA$1.4B For 3rd Fund
Canadian private equity firm Waterous Energy Fund, advised by Bennett Jones LLP and Mayer Brown LLP, announced Monday it has closed its third fund with CA$1.4 billion (roughly $973 million) raised.
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March 31, 2025
Winston & Strawn Adds Goodwin Transactions Ace In LA
Winston & Strawn LLP is boosting its transactions team, announcing Monday it is bringing in a Goodwin Procter LLP private equity expert as a partner in its Los Angeles office.
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March 31, 2025
Wachtell, S&C Build Mechanics Bank, HomeStreet Merger
Wachtell Lipton Rosen & Katz LLP-advised Mechanics Bank on Monday announced plans to merge with Sullivan & Cromwell LLP-led HomeStreet Bank in a deal that will create a combined company with 168 branches and $23 billion in assets.
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March 31, 2025
Apollo Biz's £1B Offer For Auto-Parts Maker Nears Completion
Auto-parts maker and supplier TI Fluid Systems said Monday that the necessary procedures behind its takeover for more than £1 billion ($1.3 billion) by a Canadian rival, ABC Technologies Inc., goes ahead are "almost complete."
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March 28, 2025
AI Startup CoreWeave's Tepid Debut Chills IPO Enthusiasm
Artificial intelligence startup CoreWeave Inc.'s skittish debut following a scaled-down initial public offering chills recovery hopes for an IPO market that was already wobbly, though experts say viable candidates are waiting to strike if conditions stabilize.
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March 28, 2025
PE Firm Hits Back Against Medical Device Coating Challenge
Private equity firm GTCR BC Holdings LLC told a Federal Trade Commission in-house judge Friday the commission has a warped view of the medical device coatings market, as the firm fights a bid to block its $627 million acquisition of Surmodics Inc.
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March 28, 2025
9th Circ. Affirms Toss Of 3D Printer Co. Derivative Suit
The Ninth Circuit on Friday affirmed the dismissal of a derivative suit brought by a venture capital firm over an $11 million investment it made in a 3D printing company, with the panel finding the lower court correctly tossed the suit due to previous and ongoing "outside entanglements" between the parties.
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March 28, 2025
Orrick Private Equity Ace Jumps To Willkie In San Francisco
Willkie Farr & Gallagher LLP is expanding its West Coast practice, bringing in a former Orrick Herrington & Sutcliffe LLP private equity ace as a partner in its San Francisco office.
Expert Analysis
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8 Childhood Lessons That Can Help You Be A Better Attorney
A new school year is underway, marking a fitting time for attorneys to reflect on some fundamental life lessons from early childhood that offer a framework for problems that no legal textbook can solve, say Chris Gismondi and Chris Campbell at DLA Piper.
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Opinion
This Election, We Need To Talk About Court Process
In recent decades, the U.S. Supreme Court has markedly transformed judicial processes — from summary judgment standards to notice pleadings — which has, in turn, affected individuals’ substantive rights, and we need to consider how the upcoming presidential election may continue this pattern, says Reuben Guttman at Guttman Buschner.
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Series
Playing Diplomacy Makes Us Better Lawyers
Similar to the practice of law, the rules of Diplomacy — a strategic board game set in pre-World War I Europe — are neither concise nor without ambiguity, and weekly gameplay with our colleagues has revealed the game's practical applications to our work as attorneys, say Jason Osborn and Ben Bevilacqua at Winston & Strawn.
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Mental Health First Aid: A Brief Primer For Attorneys
Amid a growing body of research finding that attorneys face higher rates of mental illness than the general population, firms should consider setting up mental health first aid training programs to help lawyers assess mental health challenges in their colleagues and intervene with compassion, say psychologists Shawn Healy and Tracey Meyers.
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8 Issues AI Firms May Encounter As M&A Action Accelerates
As the AI merger climate heats up, potential complications may arise, including antitrust scrutiny, talent retention agreements, and aggressive and protective deal terms intended to compensate for lofty valuations, say Scott Schwartz and Kishan Barot at Manatt.
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Series
Collecting Art Makes Me A Better Lawyer
The therapeutic aspects of appreciating and collecting art improve my legal practice by enhancing my observation skills, empathy, creativity and cultural awareness, says attorney Michael McCready.
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Secret Service Failures Offer Lessons For Private Sector GCs
The Secret Service’s problematic response to two assassination attempts against former President Donald Trump this summer provides a crash course for general counsel on how not to handle crisis communications, says Keith Nahigian at Nahigian Strategies.
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Building US-Japan Relationships In The M&A Market
The prospect of U.S.-Japanese mergers and acquisitions presents stronger competition to U.S. investors in the global M&A markets, while also opening up an additional exit route for sellers looking to offload strategic assets, says Nick Wall at A&O Shearman.
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Litigation Inspiration: Honoring Your Learned Profession
About 30,000 people who took the bar exam in July will learn they passed this fall, marking a fitting time for all attorneys to remember that they are members in a specialty club of learned professionals — and the more they can keep this in mind, the more benefits they will see, says Bennett Rawicki at Hilgers Graben.
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Opinion
AI May Limit Key Learning Opportunities For Young Attorneys
The thing that’s so powerful about artificial intelligence is also what’s most scary about it — its ability to detect patterns may curtail young attorneys’ chance to practice the lower-level work of managing cases, preventing them from ever honing the pattern recognition skills that undergird creative lawyering, says Sarah Murray at Trialcraft.
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Series
Round-Canopy Parachuting Makes Me A Better Lawyer
Similar to the practice of law, jumping from an in-flight airplane with nothing but training and a few yards of parachute silk is a demanding and stressful endeavor, and the experience has bolstered my legal practice by enhancing my focus, teamwork skills and sense of perspective, says Thomas Salerno at Stinson.
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SEC Settlement Holds Important Pay-To-Play Lessons
The U.S. Securities and Exchange Commission’s recent fine of an investment adviser, whose new hire made a campaign contribution within a crucial lookback period, is a seasonable reminder for public fund managers to ensure their processes thoroughly screen all associates for even minor violations of the SEC’s strict pay-to-play rule, say attorneys at Lowenstein Sandler.
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Boeing Ruling Is A Cautionary Tale For Trade Secret Litigants
A Washington federal court’s recent ruling canceling a $72 million jury award against Boeing because Zunum Aero had failed to properly identify its trade secrets highlights the value of an early statement of alleged secrets, amended through discovery and used as a framework at trial, says Matthew D'Amore at Cornell.
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What To Expect From Calif. Bill Regulating PE In Healthcare
A California bill currently awaiting Gov. Gavin Newsom's approval, intended to increase oversight over private equity and hedge fund investments in healthcare, is emblematic of recent increased scrutiny of investments in the space, and may affect transactions and operations in California in a number of ways, say attorneys at Ropes & Gray.
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Why Now Is The Time For Law Firms To Hire Lateral Partners
Partner and associate mobility data from the second quarter of this year suggest that there's never been a better time in recent years for law firms to hire lateral candidates, particularly experienced partners — though this necessitates an understanding of potential red flags, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.