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Blackstone and Atlantic Union Bank's holding company have closed Blackstone's acquisition of $2 billion worth of performing commercial real estate loans from the holding company in a deal guided by Hunton Andrews Kurth LLP, Gibson Dunn & Crutcher LLP, Ropes & Gray LLP and Benesch Friedlander Coplan & Aronoff LLP, the companies jointly announced.
Law360
Private Equity
MONDAY, JUNE 30, 2025

TOP NEWS

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4 Firms Guide Blackstone's $2B CRE Loans Deal

By Isaac Monterose

Blackstone and Atlantic Union Bank's holding company have closed Blackstone's acquisition of $2 billion worth of performing commercial real estate loans from the holding company in a deal guided by Hunton Andrews Kurth LLP, Gibson Dunn & Crutcher LLP, Ropes & Gray LLP and Benesch Friedlander Coplan & Aronoff LLP, the companies jointly announced.

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PE-Backed McGraw Hill, Consumer Researcher NIQ File IPOs

By Tom Zanki

Educational publisher McGraw Hill Inc. and consumer research provider NIQ Global Intelligence PLC filed plans for initial public offerings Friday, marking a pair of large private-equity-backed companies set to join a recovering IPO market.

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B. Riley Divests Advisory Services Biz In $118M PE Deal

By Jade Martinez-Pogue

Financial services company B. Riley Financial Inc., advised by Cole Schotz PC, announced Friday the sale of its advisory services business to funds managed by Canadian private equity shop TorQuest Partners in a $117.8 million deal.

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DEALS

MoFo, Latham Lead Medical AI Co. Carlsmed's $100M IPO

By Jade Martinez-Pogue

Carlsmed Inc., a spinal surgery solutions-focused medical technology company near San Diego, has unveiled plans for an initial public offering, telling regulators it is aiming to raise up to $100 million, with Morrison & Foerster LLP advising Carlsmed and Latham & Watkins LLP representing the underwriters.

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Taxation With Representation: Weil, Freshfields, Sidley Austin

By Zak Kostro

In this week's Taxation With Representation, Spectris backs a takeover offer from Advent, C&S Wholesale Grocers acquires SpartanNash, NBA team owners approve the sale of the Minnesota Timberwolves and Lynx to a consortium led by former limited partners Marc Lore and Alex Rodriguez, and Illumina Inc. acquires SomaLogic from Standard BioTools.

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LITIGATION

Judge Waits On Fortune's Bid To Join Assa Abloy Fight

By Jared Foretek

A D.C. federal judge left open the question of whether Fortune Brands Home & Security can intervene to enforce Assa Abloy's 2023 settlement agreement with the U.S. Department of Justice on Friday, as the DOJ seeks to keep a supply agreement between the two companies in place.

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Off The Bench

Off The Bench: Tatis Says Loan 'Predatory,' Tennis Player Suit

By David Steele

In this week's Off The Bench, a Major League Baseball star wants out of a "predatory" loan from a future earnings investment company, a group of migrant workers keep alive their suit accusing companies that helped develop World Cup facilities in Qatar of exploitation and abuse, and the tennis Grand Slam tournaments may be in the crosshairs of players suing the sport's hierarchy.

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PEOPLE

Hinshaw Continues Finance Growth With Goldman Sachs Atty

By Andrea Keckley

Hinshaw & Culbertson LLP announced today that a former vice president and senior legal director at Goldman Sachs Bank USA has returned to firm life as a senior counsel in its New York office.

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LEGAL INDUSTRY

Trump's Susman Godfrey 'Sword Of Damocles' Order Tossed

By Lauren Berg

A Washington, D.C., federal judge Friday struck down as unconstitutional President Donald Trump's executive order targeting Susman Godfrey LLP, saying it was issued in retaliation for the firm's representation of clients and causes with which the president disagrees, while hanging "like the sword of Damocles" over the BigLaw firm.

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Analysis

After Dobbs, States Become Battleground For Abortion Rights

By Marco Poggio

Three years ago, when the U.S. Supreme Court overturned the precedent set by Roe v. Wade, it did more than end nearly five decades of federal constitutional protection for abortion; it also fractured the legal landscape of reproductive rights, shifting the authority to regulate the procedure to individual states, and leading to legal uncertainty for courts, physicians and patients.

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Analysis

Pregnancy Loss Draws Police Scrutiny Following Dobbs

By Dan McKay

The nation's abortion debate has played out in civil courtrooms and state capitols across the country since the overturning of Roe v. Wade three years ago. But the battle is also emerging in another arena: the criminal courts.

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Justices Limit Universal Injunctions But Defer On Citizenship

By Katie Buehler

The U.S. Supreme Court ruled Friday that President Donald Trump can partially implement his executive order aimed at limiting birthright citizenship, in a ruling that significantly limits the ability of federal district court judges to issue nationally applicable orders against presidential edicts and policy initiatives.

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Grassley Plots Next Moves After Nationwide Injunction Ruling

By Courtney Bubl茅

Following the U.S. Supreme Court's decision Friday significantly limiting federal judges' ability to issue injunctions affecting parties outside a case, Senate Judiciary Committee Chairman Chuck Grassley is gearing up to further rein in judges with the Republicans' budget bill and standalone legislation.

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Groups Quickly Switch Tactics In Birthright Citizenship Cases

By Britain Eakin

Just hours after the U.S. Supreme Court limited federal judges' ability to issue nationwide injunctions Friday, groups challenging the constitutionality of President Donald Trump's birthright citizenship executive order fired off a volley of new lawsuits, switching their legal actions to class action complaints.

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Analysis

How States Are Rethinking Life Without Parole For Youth

By Marco Poggio

A wave of recent state high court rulings, including a landmark decision in Michigan in April, has curtailed the use of mandatory life without parole for defendants under 21, citing evolving standards of decency and brain science. Hundreds of incarcerated individuals in Michigan are now eligible for resentencing, but the reforms face resistance from prosecutors, victims’ rights advocates, and dissenting justices who warn of consequences for public safety and judicial overreach.

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Justices Say Md. Must Allow LGBTQ Storybook Opt-Out

By Katie Buehler and Ali Sullivan

The U.S. Supreme Court ruled Friday that a Maryland school district burdened parents' religious rights when it declined to provide opt-outs from a policy that introduced LGBTQ-themed storybooks into its K-12 English curriculum.

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DC Judge Asks If WH Can Pull Clearances Based On Bias

By Nadia Dreid

The D.C. federal judge overseeing national security lawyer Mark S. Zaid's challenge to being stripped of his clearances had some hard questions Friday for the government's attorney, asking if President Donald Trump stripped clearances from attorneys for being Catholic meant they could judicially challenge him.

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Justices Uphold Texas Law Requiring Porn Site Age Checks

By Catherine Marfin

The U.S. Supreme Court on Friday said a Texas law requiring pornographic websites to verify visitors' ages could take effect, agreeing with a divided Fifth Circuit's decision to vacate an injunction while using a different standard of judicial review to evaluate the statute.

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Justices Punt La. Voting Rights Case Despite Thomas Dissent

By Jeff Overley and Katie Buehler

The U.S. Supreme Court surprisingly declined Friday to resolve a yearslong saga over voting rights and alleged racial gerrymandering, ordering new arguments over Louisiana's controversial congressional districts despite an impassioned protest from Justice Clarence Thomas.

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No Federal Agency Can Enforce WilmerHale EO, Judge Says

By Aebra Coe

A D.C. federal judge on Thursday amended his decision in the WilmerHale executive order litigation, clarifying amid disagreement among the parties that the underlying executive order cannot be enforced by any federal agency.

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2nd Circ. Mulls Arguments In NY Atty Grievance Privacy Suit

By Emily Sawicki

A Second Circuit panel has questioned whether a pathway exists to limit the scope of "presumptive public access" to attorney grievance documents in New York, as the panel considers the state's appeal of a federal district court ruling that would make records related to attorney misconduct cases public.

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In-House Pro Bono Work Dipped In 2024, Report Says

By Rose Krebs

The pro bono participation rate for U.S. attorneys in the Pro Bono Institute's annual Corporate Pro Bono Challenge dipped to 46% in 2024, with participation among legal staff decreasing to 31%, well below the institute's 50% "aspirational goal."

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UK Litigation Roundup: Here's What You Missed In London

By Max Austin

This past week in London has seen the British Basketball Federation sued by members of the men's professional basketball league for alleged competition breaches, songwriter Coco Star file an intellectual property claim against Universal Music Publishing, and the Solicitors Regulation Authority file a claim against the Post Office amid ongoing investigations into law firms linked to the Horizon IT Scandal. Here, Law360 looks at these and other new claims in the U.K.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

As the second half of 2025 begins, here are five corporate enforcement trends that general counsel and their white collar lawyers should watch. And just days before The New York Times reported that the president of the University of Virginia resigned under pressure from the Justice Department, the former general counsel and now chancellor of Antioch University spoke with Law360 Pulse about his personal views on the danger of government threats to higher education. These are some of the stories in corporate legal news you may have missed in the past week.​

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Law360's Legal Lions Of The Week

By Kevin Penton

Cooley LLP, Cleary Gottlieb Steen & Hamilton LLP and Paul Weiss Rifkind Wharton & Garrison LLP lead this week's edition of Law360 Legal Lions, after a California federal judge determined that it was fair for Meta Platforms Inc. to train its Llama large language models with 13 bestselling authors' copyrighted material without their permission.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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COMPANIES IN TODAY'S NEWS

3M Co.

AT&T Inc.

ATP Tour Inc.

Advent International Corp.

Aegean Marine Petroleum Network Inc.

Aetna Inc.

Ally Financial Inc.

Amazon.com Inc.

American Bar Association

American Civil Liberties Union

American Civil Liberties Union of Louisiana

American Civil Liberties Union of Massachusetts

American Civil Liberties Union of Michigan

American Civil Liberties Union of New Hampshire

American Fuel & Petrochemical Manufacturers

Anthropic PBC

Apollo Global Management LLC

Asian American Center for Advancing Justice

Assa Abloy AB

Association of Corporate Counsel

Association of Tennis Professionals

Astra International

Atlantic Union Bankshares Corp.

B. Riley Financial Inc.

BDO LLP

Big League Advance Inc.

Bragg

Brennan Center for Justice

C&S Wholesale Grocers

CVS Health Corp.

Cisco Systems Inc.

Civil Rights Corps

Cleveland Clinic Foundation

English Premier League

Exelon Corp.

Food & Water Watch

Fortune Brands Home & Security Inc.

Forvis Mazars LLP

Freddie Mac

General Mills Inc.

HSBC Holdings PLC

Harley-Davidson Inc.

Harvard University

Hill International Inc.

ICM Inc.

Illumina Inc.

Intel Corp.

JPMorgan Chase & Co.

Jacobs Engineering Group Inc.

Juvenile Law Center

KKR & Co. Inc.

LinkedIn Corp.

MUFG Union Bank NA

Major League Baseball Inc.

Major Lindsey & Africa LLC

McKesson Corp.

Mediterranean Shipping Co. SA

Meta Platforms Inc.

Microsoft Corp.

Minnesota Timberwolves

NAACP Legal Defense & Educational Fund Inc.

NASCAR Digital Media LLC

NFL Enterprises LLC

Nasdaq Inc.

National Collegiate Athletic Association

National District Attorneys Association

Neil Jones Food Co.

New Jersey Devils

New York Jets LLC

Nielsen Holdings PLC

Oracle Corp.

PepsiCo Inc.

Pfizer Inc.

Philadelphia 76ers

Planned Parenthood Federation

Platinum Equity LLC

Pro Bono Institute

Renaissance Capital

San Diego Padres

Sandy Spring Bancorp Inc.

Sentencing Project

Shenandoah Life Insurance Company Inc.

Solicitors Regulation Authority Ltd.

SomaLogic Inc.

SpartanNash Co.

Spectris PLC

Spectrum Brands Inc.

Standard BioTools

State Bar of Texas

The Center for Reproductive Rights Inc.

The Goldman Sachs Group Inc.

The Home Depot Inc.

The New York Times Co.

The PNC Financial Services Group Inc.

UBS Group AG

Universal Music Group NV

University of California Davis

University of Virginia

VTB Bank

VTB Capital PLC

Verizon Communications Inc.

WNBA Enterprises LLC

Washington & Lee University

Western Digital Corp.

Xerox Holdings Corp.

Zimmer Biomet Holdings Inc.

LAW FIRMS IN TODAY'S NEWS

Anderson & Wanca

Arnold & Porter

Arthur Cox

Ballard Spahr

Benesch

Berger Montague

Boies Schiller

Boyden Gray

Bracewell LLP

Bryan Cave

Burges Salmon

Cahill Gordon

Capsticks Solicitors LLP

Cleary Gottlieb

Clement & Murphy

Clyde & Co

Cole Schotz

Cooley LLP

Covington & Burling

Cravath Swaine

DLA Piper

Davis Woolfe

Davis Wright Tremaine

Dean Ringers

Enyo Law

Eversheds Sutherland

Freshfields

Fried Frank

Gibson Dunn

Graves Garrett

Gupta Wessler

Haun Mena

Herrick Feinstein

Hinshaw & Culbertson

Hogan Lovells

Hunton Andrews

Husch Blackwell

JMW Solicitors LLP

Jenner & Block

Jones Day

Kirkland & Ellis

Koskoff Koskoff

Kudman Trachten

Latham & Watkins

Miller Shah

Mills & Reeve

Mishcon de Reya

Morgan Lewis

Morrison Foerster

Munger Tolles

Napthens Solicitors

Paris Smith LLP

Parker Ibrahim

Patterson Belknap

Paul Weiss

Penningtons Manches

Perkins Coie

Pillsbury Winthrop

Pinsent Masons

Quinn Emanuel

Reed Smith

Ropes & Gray

Sidley Austin

Simon Paschal

Simpson Thacher & Bartlett LLP

Skadden Arps

Sullivan & Cromwell

Susman Godfrey

Thompson Hine

Wachtell Lipton

Walker Morris LLP

Watson Farley

Webb Daniel Friedlander

Weil Gotshal

Willkie Farr

WilmerHale

GOVERNMENT AGENCIES IN TODAY'S NEWS

Arizona House of Representatives

Companies House

Executive Office of the President

Federal Communications Commission

Federal Judicial Center

Financial Reporting Council

Florida Supreme Court

Georgia Supreme Court

Indiana Supreme Court

Louisiana Legislature

Massachusetts Supreme Judicial Court

Michigan Supreme Court

New York Attorney General's Office

North Dakota Supreme Court

Pennsylvania Department of Human Services

Pennsylvania Supreme Court

Texas Attorney General's Office

Texas Legislature

Texas Supreme Court

U.S. Attorney's Office for the District of Maryland

U.S. Department of Justice

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

U.S. District Court for the Southern District of New York

U.S. District Court of the District of New Hampshire

U.S. Environmental Protection Agency

U.S. Securities and Exchange Commission

U.S. Supreme Court

UK High Court

United States District Court for the District of Colorado

United States District Court for the Northern District of Ohio

Wisconsin Supreme Court