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Mergers & Acquisitions
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October 27, 2025
Covington Helps Novartis Buy Avidity Biosciences For $12B
Swiss pharmaceutical giant Novartis AG has said it will buy Avidity Biosciences, a U.S. developer of therapeutics for muscle diseases, for approximately $12 billion in a move to boost its neuroscience portfolio.
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October 26, 2025
7 Firms Steer $2.1B Take-Private Deal For Plymouth REIT
Real estate investment firm Makarora Management LP and Ares Management Corp. have agreed to acquire and take private Plymouth Industrial REIT Inc. in a $2.1 billion cash deal guided by seven law firms, coming three months after a competing buyout offer for Plymouth.
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October 24, 2025
JPMorgan Accuses Charlie Javice Of 'Abusive' Atty Fee Billing
JPMorgan Chase & Co. on Friday asked a Delaware state judge to reverse a 2023 order requiring the bank to cover the legal fees of convicted Frank founder Charlie Javice, arguing that the court must put a stop to her "abusive billing."
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October 24, 2025
X Corp. Says Ex-Twitter Workers' Bid Is Too Little, Too Late
Elon Musk's X Corp. told a Delaware federal judge that six former Twitter workers' bid to revive their dismissed severance claims by raising fresh contract theories and stale arbitration testimony is "far too little, far too late."
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October 24, 2025
Avalara Investors Fight Stay In $8.4B Buyout Dispute
Shareholders of tax software company Avalara are fighting a motion by the company in Washington federal court to stay litigation accusing it of misleading investors ahead of an $8.4 billion deal to take the company private.
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October 24, 2025
Off The Bench: NBA Gambling Woes, Golfer's $50M Trial Win
In this week's Off The Bench, the NBA faces a gambling scandal during its opening week, a Florida jury hands golfer Jack Nicklaus a $50 million victory in his defamation lawsuit, and DraftKings and the NHL step into the realm of prediction markets.
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October 24, 2025
Sterlington Founder Talks C-Suite Guidance After $40B Deal
On the heels of representing Aligned Data Centers' management in the company's $40 billion sale, Sterlington PLLC founder Chris Harrison spoke with Law360 about fundamental changes reshaping negotiations with buyers as private equity strategies evolve.
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October 24, 2025
Paris-Based SPAC Targets US Acquisition After Raising $100M
French special purpose acquisition company LaFayette Acquisition Corp. began trading publicly on Friday after raising $100 million in its U.S. initial public offering, with plans to target U.S. companies in a range of industries.
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October 24, 2025
RunItOneTime Tells Judge Debtor In Talks For More DIP Cash
RunItOneTime LLC told a Texas bankruptcy judge on Friday it is in talks with its post-petition financing lender for more funds as it prepares to face the loss of operating cash from assets subject to sales the debtor hopes to close.
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October 24, 2025
Eli Lilly Buying Eye Disease Biotech For Up To $262M
Ropes & Gray LLP-advised Eli Lilly said Friday it has agreed to acquire Cooley LLP-guided Adverum Biotechnologies, a clinical-stage company developing gene therapies for eye diseases, for up to roughly $262 million.Â
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October 24, 2025
Taxation With Representation: Latham, Wachtell, Gibson Dunn
In this week's Taxation With Representation, Meta announces a joint venture with Blue Owl Capital to fund the development of a data center campus in Louisiana, private equity giants acquire medical technology company Hologic Inc., and National Fuel Gas Co. buys CenterPoint Energy Inc.'s Ohio natural gas utility business.
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October 24, 2025
CMA Concerned Over Aramark Deal For Scottish Catering Co.
Britain's antitrust enforcer has clarified its concerns with Aramark Group's completed acquisition of Scottish catering company Entier Ltd. over the supply of catering and related services for the offshore energy sector.
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October 24, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen the Financial Conduct Authority launch legal action against a Chinese cryptocurrency exchange, The Londoner magazine face a defamation claim from an entrepreneur accused of "scamming" Knightsbridge landlords, and Gucci sued by its cosmetics supplier as L'Oréal announces plans to buy the Italian fashion house's beauty brand. Here, Law360 looks at these and other new claims in the U.K.
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October 24, 2025
Warburg Pincus, Permira Get More Time To Bid For JTC
Professional services provider JTC said Friday that the takeover panel has given two separate private equity firms an extension to table formal offers to acquire the professional services or walk away.
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October 23, 2025
Chancery Maps Out Math For Hefty Drug Co. Breach Interest
A Delaware vice chancellor late Thursday issued a road map for calculating tens of millions of dollars in interest due after a ruling in June that Alexion Pharmaceuticals failed a "best efforts" duty to fulfill an autoimmune drug candidate deal with Syntimmune Inc.
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October 23, 2025
Japan's Jera Paying $1.5B For Louisiana Shale Gas Assets
Japanese power company Jera Co. said Thursday it has agreed to acquire shale gas assets in Louisiana from Williams Cos. and GEP Haynesville II LLC for about $1.5 billion, with Baker Botts LLP steering Jera on the deal.Â
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October 23, 2025
One Nuclear Energy To Go Public Via $1B SPAC Merger
One Nuclear Energy LLC, led by Nelson Mullins Riley & Scarborough LLP, on Thursday unveiled plans to go public through a merger with Sidley Austin LLP-guided special purpose acquisition company Hennessy Capital Investment Corp. VII, in a deal that values the energy company at $1 billion in pre-money equity.
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October 23, 2025
Morgan Stanley, Envestnet Board Sued In Del. Over $4.5B Sale
Two stockholders of wealth and data management giant Envestnet Inc. sued the company's former CEO, board and financial adviser Morgan Stanley in Delaware Chancery Court on Thursday, alleging breaches or aiding breaches of fiduciary duty tied to the company's $4.5 billion take-private deal with affiliates of Bain Capital.
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October 23, 2025
Musk Can't Lean On Atty Defense In Twitter Investor Dispute
A New York federal judge on Thursday blocked Elon Musk from asserting that he relied on his attorneys' advice in deciding when to disclose that he had taken an ownership interest in Twitter, saying it wouldn't be fair to the platform's former shareholders to allow him to move forward with that defense.
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October 23, 2025
Warner Bros. Rejects $60B Paramount Bid, And More Rumors
Warner Bros. Discovery's board reportedly rejected a nearly $60 billion offer from Paramount Skydance, but a deal could still materialize after Warner Bros.' board launched a formal review of strategic alternatives. Among other recent reports, Anthropic and Google are said to be in talks for a potential multibillion-dollar cloud deal, and the private equity owner of Octus is preparing for a sale that could value the financial news company at more than $4 billion.
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October 23, 2025
2 AI-Focused SPACs Plan To Raise Combined $575M In IPOs
Two artificial intelligence-focused special purpose acquisition companies have filed plans with the U.S. Securities and Exchange Commission to raise up to a combined $575 million in their initial public offerings.
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October 23, 2025
Clifford Chance-Led Swiss Biz To Sell Logistics Co. For $1.1B
Swiss investment firm Partners Group said Thursday that it has agreed to sell its minority stake in Apex Logistics to Kuehne+Nagel for 886 million Swiss francs ($1.1 billion).
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October 23, 2025
Barclays, JP Morgan Take 20% Stake In LSEG's Post Trade Biz
The London Stock Exchange Group said Thursday that it has sold a 20% stake in Post Trade Solutions to a group of 11 banks, including Barclays, J.P. Morgan and Citi, for £170 million ($227 million), in a deal that will allow it to bag more of the profits from its separate SwapClear business.
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October 22, 2025
Phillips 66 Can't Undo $805M Trade Secrets Trial Loss
Phillips 66 can't get a new trial after its $805 million loss on claims it stole startup Propel Fuels' intellectual property during due diligence for an acquisition, a California state judge has ruled, saying the jury's findings, including malicious misconduct, are well-supported.
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October 22, 2025
Bristol-Myers $450M Payment Dispute Heads To Arbitration
A judge sitting for Delaware's Court of Chancery has sent to arbitration allegations from shareholders of a small biotechnology company acquired by Bristol-Myers Squibb that the pharmaceutical giant used trickery to avoid paying up to $450 million in milestone payments.
Expert Analysis
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Tracking The Evolution In Litigation Finance
Despite continued innovation, litigation finance remains an immature market with borrowers recieving significantly different terms as lenders learn to value cases, which firms need a strong handle on to ensure lending terms do not overwhelm collateral value, says Robert Wilkins at Lightfoot Franklin.
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Keys To Regulatory Diligence In Life Sciences Transactions
Conducting effective regulatory due diligence for life sciences deals requires careful review of a target company's activities, and separate sets of considerations for commercial and pipeline products, says Anna Zhao at GunnerCooke.
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Series
Volunteer Firefighting Makes Me A Better Lawyer
While practicing corporate law and firefighting may appear incongruous, the latter benefits my legal career by reminding me of the importance of humility, perspective and education, says Nicholas Passaro at Ford.
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Calif. Antitrust Laws May Turn More Zealous Than US Regs
California is poised in the next 18 months to significantly expand its antitrust laws, broadening the scope of liability and creating a premerger review process that could be more expansive than review under the Hart-Scott-Rodino Act, say attorneys at Munger Tolles.
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E-Discovery Quarterly: The Perils Of Digital Data Protocols
Though stipulated protocols governing the treatment of electronically stored information in litigation are meant to streamline discovery, recent disputes demonstrate that certain missteps in the process can lead to significant inefficiencies, say attorneys at Sidley.
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A Look At M&A Trends In An Uncertain Deal Environment
Dealmakers are adopting more cautious and deliberate merger and acquisition practices, such as earnout agreements, joint ventures and strategic partnerships that mitigate risk and bridge valuation gaps, amid the slower pace so far in 2025, says Louis Lehot at Foley & Lardner.
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Series
Law School's Missed Lessons: Preparing For Corporate Work
Law school often doesn't cover the business strategy, financial fluency and negotiation skills needed for a successful corporate or transactional law practice, but there are practical ways to gain relevant experience and achieve the mindset shifts critical to a thriving career in this space, says Dakota Forsyth at Olshan Frome.
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FTC Focus: Synthetic Data Yields Antitrust Considerations
Attorneys at Proskauer explore the burgeoning world of synthetic data, the antitrust implications involved, the Federal Trade Commission's role in regulating this space and practical takeaways from these emerging issues.
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Opinion
Slater Heralds Return To US Antitrust Norms, Innovation
Under recently confirmed Assistant Attorney General Gail Slater, the Antitrust Division of the U.S. Department of Justice can fulfill President Donald Trump's objective to reestablish American economic dominance on the global stage while remaining faithful to antitrust's core principles, says Ediberto Roman at the Florida International University College of Law.
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A Cold War-Era History Lesson On Due Process
The landmark Harry Bridges case from the mid-20th century Red Scare offers important insights on why lawyers must be free of government reprisal, no matter who their client is, says Peter Afrasiabi at One LLP.
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Series
Improv Makes Me A Better Lawyer
Improv keeps me grounded and connected to what matters most, including in my legal career where it has helped me to maintain a balance between being analytical, precise and professional, and creative, authentic and open-minded, says Justine Gottshall at InfoLawGroup.
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How BigLaw Executive Orders May Affect Smaller Firms
Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.
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4th Circ. Health Data Ruling Opens Door To State Law Claims
In Real Time Medical v. PointClickCare, the Fourth Circuit recently clarified that state law claims can rest in part on violations of a federal law that prohibits electronic health information blocking, expanding legal risks for health IT companies and potentially creating exposure to a range of competitive implications, say attorneys at BCLP.
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Opinion
Lawsuits Shouldn't Be Shadow Assets For Foreign Capital
Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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2 Del. Rulings Reinforce Proof Needed For Records Demands
Two recent Delaware Court of Chancery decisions involving Amazon and Paramount Global illustrate the significance of the credible basis standard on books and records requests, underscoring that stockholders seeking to investigate wrongdoing must come forward with actual evidence of misconduct — not mere allegations, say attorneys at Cleary.