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Mergers & Acquisitions
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September 29, 2025
Del. Heavyweight Firms Get Lead Spot For Endeavor Deal Suit
The Delaware Chancery Court tapped Bernstein Litowitz Berger & Grossmann LLP and Grant & Eisenhofer PA on Monday as lead co-counsel for the shareholder class action over sports and entertainment company Endeavor Group Holdings Inc.'s $13 billion take-private merger.
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September 29, 2025
Russian Businessman Fights Docs Order In Trump Media Suit
A Russian businessman tied to the former CEO of the entity that merged with Donald Trump's Truth Social urged a Florida state court judge to reconsider an order compelling him to produce records in a lawsuit over taking the company public, saying it violates his Fifth Amendment rights.
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September 29, 2025
In Chancery, Bankrupt First Brands Accused Of Deal Breach
Automotive manufacturer Grammer Inc. filed a suit in the Delaware Chancery Court accusing APC Parent LLC and guarantor First Brands Group, which filed for Chapter 11 protection on Sunday, of breaching multiple agreements and withholding more than $20 million in payments involved with a $40 million merger.
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September 29, 2025
Sidley, Hogan Lovells Guide Ares' $1B Meade Pipeline Buy
Sidley Austin LLP-advised Ares Management Corp. said Monday that it has acquired Hogan Lovells-led Meade Pipeline Co. from XPLR Infrastructure LP, an affiliate of NextEra Energy, for about $1.1 billion.聽
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September 29, 2025
FTC Tightens Fixes For $13B Omnicom-Interpublic Deal
The Federal Trade Commission is requiring a monitor to oversee Omnicom's compliance with the conditions put on its $13.5 billion deal for Interpublic preventing the marketing giant from working with others to steer advertising away from publishers based on their political viewpoints.
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September 29, 2025
Ex-Frank CEO Gets 7 Years Over Soured JPMorgan Deal
Frank founder and former CEO Charlie Javice was sentenced Monday to more than seven years in prison following her conviction at trial for conning JPMorgan Chase & Co. into buying the now-shuttered student financial aid startup for $175 million by lying about its user base.
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September 29, 2025
Catching Up With Delaware's Chancery Court
A Delaware vice chancellor expressed disappointment and concern over what she says is a "breakdown" in "civility and respect" that has emerged in recent Delaware corporate litigation. A $30 million settlement was approved in the five-year running Match.com reverse spinoff suit, and the top brass of Est茅e Lauder were hit with a derivative suit for allegedly covering up the company's reliance on prohibited, duty-free "gray market" sales of its products in China.
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September 29, 2025
Yale Unit Will Pay $45M To End Failed Hospitals Sale Dispute
Yale New Haven Health Services Corp. has agreed to pay $45 million to hospital operator Prospect Medical Holdings Inc. to conclude their legal dispute over a failed $435 million sale of three Connecticut hospitals, according to a motion filed in Texas bankruptcy court.
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September 29, 2025
4 Firms Advise On Genmab's $8B Merus Acquisition Plan
Genmab AS announced Monday it has agreed to purchase Dutch clinical-stage biotechnology firm Merus NV in an all-cash transaction valued at about $8 billion, with Allen Overy Shearman Sterling and Kromann Reumert advising聽Genmab and Latham & Watkins LLP and NautaDutilh representing Merus.聽
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September 29, 2025
Duane Morris, DLA Piper Steer $1.2B Hadron SPAC Deal
Duane Morris LLP-advised nuclear energy company Hadron Energy on Monday announced plans to go public through a merger with special purpose acquisition company GigCapital7 Corp., led by DLA Piper, in a deal that values the company at $1.2 billion.
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September 29, 2025
6 Firms Advise On EA's $55B Deal With Investor Group
Electronic Arts Inc. said Monday it has agreed to be acquired by the Saudi Arabia Public Investment Fund, Silver Lake and Affinity Partners at an enterprise value of approximately $55 billion, with six firms steering the transaction.聽
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September 29, 2025
KKR Secures EU Approval For 拢4.2B Spectris Takeover
The proposed 拢4.2 billion ($5.6 billion) takeover of high-tech instrument maker Spectris by private equity firm KKR has won backing from the European Commission, the companies said Monday, as they leap another barrier to completion.
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September 26, 2025
2 Firms Guide Heritage Bank's $177M Wash. Lender Buyout
Washington-based Heritage Financial Corp. has agreed to acquire the parent company of community lender Kitsap Bank in a nearly $177 million all-stock transaction guided by Barack Ferrazzano Kirschbaum & Nagelberg LLP and Otteson Shapiro LLP.
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September 26, 2025
Del. Suit Alleges Fast-Break Betrayal In NBA Team Bid Plan
RAJ Sports Holdings LLC is accusing co-CEOs of Panda Express and their family trust of breaching an exclusivity and confidentiality agreement by exiting a nearly completed deal to buy the NBA's Portland Trail Blazers and joining forces with another multibillion-dollar bidder.
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September 26, 2025
Dr. Evil Gets Brief Callout In Del. Take-Public Merger Suit
Attorneys for a blank-check company that claimed at least $30 million in damages in Delaware's Court of Chancery after an alleged take-public merger breach on Friday branded the accused breacher's $2.1 billion counterclaim as being "worthy of Dr. Evil in the 'Austin Powers' movies."
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September 26, 2025
Illumina And Grail Nix Investor Suit Over Failed Deal, For Now
Illumina and Grail on Friday defeated a proposed class action alleging they lied to investors who bought artificially inflated Illumina stock whose prices plunged following several purported disclosures, after a California federal judge said the investors hadn't adequately pled which disclosures corrected any alleged misstatements that caused their losses.聽
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September 26, 2025
Off The Bench: NCAA Mostly Beats Trans Suit, Faces Another
In this week's Off The Bench, the NCAA beat the majority of claims over its former transgender policy, but faced a new lawsuit in New York, along with the State University of New York, stemming from its current ban of transgender athletes competing in women's sports.
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September 26, 2025
Trump Media Seeks End To Merger Fee Fight After Arbitration
In the wake of a favorable arbitration award, counsel for Donald Trump's social media company told a New York state judge Friday that it would seek to bar further litigation in a fee dispute with a company that helped launch Truth Social in an $875 million merger.
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September 26, 2025
HSF Kramer Taps White & Case Atty To Steer US Tech Deals
Herbert Smith Freehills Kramer LLP has hired a former White & Case LLP partner as head of its U.S. technology transactions practice in New York.
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September 26, 2025
'American Exceptionalism' SPAC Leads 2 IPOs Totaling $550M
Two special purpose acquisition companies made their public debuts Friday after pricing initial public offerings at a combined $550 million, with plans to merge with companies in the artificial intelligence, digital assets, fintech, defense and decentralized finance sectors, among others.
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September 26, 2025
Operator Of NBA's Suns Says Doc Suit Is For Buyout Leverage
Phoenix Suns franchise operator Suns Legacy Holdings LLC has pushed back in Delaware Chancery Court against two minority owners seeking access to company records, responding that the demands are aimed at pressuring a higher-priced buyout from the NBA team's majority owner, Mat Ishbia.
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September 26, 2025
Taxation With Representation: De Brauw, Hengeler Mueller
In this week's Taxation With Representation, power grid operator TenneT Holding sells a stake in its German transmission business to institutional investors, Pfizer Inc. acquires biotechnology company Metsera Inc., and Dutch brewer Heineken NV buys most of Costa Rica's FIFCO beverage and retail operations.
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September 26, 2025
7 Firms Build GTCR's CA$3.3B Dentalcorp Take-Private
Canadian dental practice network Dentalcorp Holdings Ltd. on Friday revealed that it will become a private company following its acquisition by private equity giant GTCR in an all-cash deal that values the dental network at an enterprise value of roughly CA$3.3 billion ($2.4 billion) and was built by seven law firms.
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September 26, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen聽Sanjeev Gupta鈥檚 Liberty OneSteel sue its collapsed former lender Greensill Capital, television personality Janice Dickinson hit ITV with a personal injury claim after falling over while appearing on 鈥淚鈥檓 a Celeb 鈥︹, and energy investor Blasket bring fresh litigation against Spain amid a row over a $416 million arbitration award. Here, Law360 looks at these and other new claims in the U.K.
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September 26, 2025
Permira Gets More Time To Make Offer For JTC
The U.K.'s merger authority has gifted British investment company Permira Advisers LLP an extra four weeks to make a firm offer for JTC PLC, the corporate adviser said Friday.
Expert Analysis
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Series
Birding Makes Me A Better Lawyer
Observing and documenting birds in their natural habitats fosters patience, sharpens observational skills and provides moments of pure wonder 鈥 qualities that foster personal growth and enrich my legal career, says Allison Raley at Arnall Golden.
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How Del. Law Rework Limits Corporate Records Requests
Newly enacted amendments to a section of the Delaware General Corporation Law that allows stockholders and beneficial owners to demand inspection of Delaware corporations' books and records likely curtails the scope of such inspections and aids defendants in framing motions to dismiss at the pleading stage, says Jonathan Richman at Brown Rudnick.
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Series
Adapting To Private Practice: From DOJ Leadership To BigLaw
The move from government service to private practice can feel like changing one鈥檚 identity, but as someone who has left the U.S. Department of Justice twice, I鈥檝e learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don鈥檛 come from one particular position, says Richard Donoghue at Pillsbury.
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Issues To Watch At ABA's Antitrust Spring Meeting
Attorneys at Freshfields consider the future of antitrust law and competition enforcement amid agency leadership changes and other emerging developments likely to dominate discussion at the American Bar Association's Antitrust Spring Meeting this week.
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Law Firm Executive Orders Create A Legal Ethics Minefield
Recent executive orders targeting BigLaw firms create ethical dilemmas 鈥 and raise the specter of civil or criminal liability 鈥 for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.
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Firms Must Embrace Alternative Billing Models Or Fall Behind
As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.
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How Attorneys Can Master The Art Of On-Camera Presence
As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts 鈥 such as virtual client meetings, marketing content or media interviews 鈥 by understanding the medium and making intentional adjustments, says Kerry Barrett.
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Justices' TikTok Ruling Sets Stage For 1st Amendment Battle
The U.S. Supreme Court's landmark ruling upholding a law requiring TikTok's sale sets the stage for an inevitable clash between free speech and government interests and signals that future cases will turn on whether a regulation poses a substantial burden on speech, say attorneys at Dykema.
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What Del. Corporate Law Rework Means For Founder-Led Cos.
Although the amendments to the Delaware General Corporation Law have proven somewhat divisive, they will provide greater clarity and predictability in the rules that apply to founder-led companies navigating transactions concerning controlling stockholders and responding to books-and-records requests, say attorneys at Munger Tolles.
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Series
Baseball Fantasy Camp Makes Me A Better Lawyer
With six baseball fantasy experiences under my belt, I've learned time and again that I didn't make the wrong career choice, but I've also learned that baseball lessons are life lessons, and I'm a better lawyer for my time at St. Louis Cardinals fantasy camp, says Scott Felder at聽Wiley.
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Series
Adapting To Private Practice: From Fed. Prosecutor To BigLaw
Making the jump from government to private practice is no small feat, but, based on my experience transitioning to a business-driven environment after 15 years as an assistant U.S. attorney, it can be incredibly rewarding and help you become a more versatile lawyer, says Michael Beckwith at Dickinson Wright.
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How Del. Supreme Court, Legislature Have Clarified 'Control'
The Delaware Supreme Court's January decision in In re: Oracle and the General Assembly's passage of amendments to the Delaware General Corporation Law this week, when taken together, help make the controlling-stockholder analysis clearer and more predictable for companies with large stockholders, say attorneys at Baker Botts.
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Firms Still Have Lateral Market Advantage, But Risks Persist
Partner and associate mobility data from the fourth quarter of 2024 shows that we鈥檙e in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.
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What Rodney Hood's OCC Stint Could Mean For Banking
Acting Comptroller of the Currency Rodney Hood's time at the helm of the OCC, while temporary, is likely to feature clarity for financial institutions navigating regulations, the development of fintech innovation, and clearer expectations for counsel advising on related matters, say attorneys at Vedder Price.
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Opinion
We Must Allow Judges To Use Their Independent Judgment
As two recent cases show, the ability of judges to access their independent judgment crucially enables courts to exercise the discretion needed to reach the right outcome based on the unique facts within the law, says John Siffert at聽Lankler Siffert & Wohl.