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Asset Management
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December 02, 2025
Software-Focused Growth Equity Firm Wraps $375M Fund
Software-specialist growth equity firm Expedition Growth Capital on Tuesday revealed that it clinched its third fund after securing $375 million of investor commitments.
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December 02, 2025
MVP: Paul Weiss' Matthew B. Goldstein
Matthew Goldstein of Paul Weiss Rifkind Wharton & Garrison LLP helped top asset management firm Apollo Global Management raise billions of dollars in capital and close out several of the group's investment funds in a complicated economic climate, earning him a spot as one of the 2025 Law360 Fund Formation MVPs.
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December 02, 2025
$4.6M Garnet Health Deal Over Retirement Plan Gets Initial OK
A New York federal judge granted initial approval Tuesday to a $4.6 million class action settlement between Garnet Health Medical Center and workers who challenged their employee retirement plan's fees and investments, which comes after parties reported a deal to end the case in September.
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December 02, 2025
Trio Of Firms Advises On Planned $500M Eventbrite Sale
Eventbrite Inc. said on Tuesday it has agreed to be acquired by Italian technology company Bending Spoons in an all-cash deal valuing the event management platform at about $500 million and steered by three law firms.
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December 02, 2025
Kalshi's Valuation Soars To $11B After $1B Funding Round
Prediction market platform Kalshi, advised by Cooley LLP, revealed Tuesday that it reached an $11 billion valuation after wrapping its latest funding round with $1 billion of investor commitments.
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December 01, 2025
Fed Sees Shrinking Number Of Open Exam Findings At Banks
The Federal Reserve on Monday reported broad declines in open supervisory issues at financial institutions under its oversight during the first half of the year, a shift that comes as the Trump administration is pursuing efforts to rein in examiner criticism of banks.
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December 01, 2025
DC Circ. Wonders If SEC Arbitration Decision Was Too Brief
At least one judge on the D.C. Circuit wondered Monday whether the SEC presented too "bare bones" of an opinion when rejecting a petition to amend three long-running arbitration rules adopted by the Financial Industry Regulatory Authority.
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December 01, 2025
Home Depot Ex-Worker's Appeal In 401(k) Suit Dismissed
The Eleventh Circuit on Monday tossed an appeal by a former Home Depot worker in a proposed class action alleging the company misspent forfeited employer contributions in its employee 401(k) plan, several months after a Georgia lower court concluded that the lawsuit failed to state a claim.
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December 01, 2025
Chancery Says Harassment Doesn't Breach Fiduciary Duty
Delaware's Chancery Court tossed a suit from the founder of a credit repair company who claimed an ex-director breached his fiduciary duties by engaging in sexual harassment that led to $1.8 million in judgments, ruling that workplace sexual misconduct can't trigger corporate liability.
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December 01, 2025
11th Circ. Reverses Energy Co. Win In Investor Suit
The Eleventh Circuit has revived a proposed class action against NextEra Energy Inc. seeking to hold the energy company liable for a drop in its share price after political interference allegations emerged against its subsidiary Florida Power and Light Co.
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December 01, 2025
Latham-Led Targa To Pay $1.3B For Permian Processing Co.
Targa Resources Corp. said Monday it will acquire Stakeholder Midstream LLC for $1.25 billion in cash, adding an extensive gathering and processing, or G&P, system in the Permian Basin to its asset base.
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December 01, 2025
Weil Guides Brookfield On $900M Italian Machinery Biz Deal
Weil Gotshal & Manges LLP-advised Brookfield said on Monday it has agreed to buy Italy's Fosber, a maker of machinery and services for the corrugated packaging industry, in a deal that values the company at about $900 million.
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December 01, 2025
Attys Seek $99M From Colgate-Palmolive ERISA Pension Deal
Attorneys representing Colgate-Palmolive retirees asked a New York federal court to approve $99 million in attorney fees and expenses from a $332 million megadeal ending claims the company skimped on pensioners' lump-sum retirement payouts, a request that comes after the court initially signed off on the settlement in October.
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December 01, 2025
MVP: Davis Polk's Andrew M. Ahern
Andrew M. Ahern of Davis Polk & Wardwell LLP co-led a $6 billion fund for PSG Equity LLC, a $2.2 billion buyout fund for J.F. Lehman & Co. and multiple funds totaling $2 billion for Lightspeed Venture Partners amid a move to his new firm, earning him a spot among the 2025 Law360 Fund Formation MVPs.
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December 01, 2025
3 Firms Steer Goldman's $2B Innovator Capital Buy
Goldman Sachs said Monday that it has agreed to acquire Innovator Capital Management in a deal valued at about $2 billion, a move that will expand its lineup of exchange-traded funds and add $28 billion in assets under supervision.
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December 01, 2025
Catching Up With Delaware's Chancery Court
The Delaware Chancery Court saw a slate of corporate law clashes this past week, from fast-moving injunction fights in consumer product and real estate markets to multibillion-dollar oversight claims against crypto executives and fresh battles over control for two sports teams.
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December 01, 2025
2 Firms Steer Construction Services Firm's $242M IPO
Construction services firm Cardinal Infrastructure Group Inc., guided by Willkie Farr & Gallagher LLP, set a price range for an estimated $242 million initial public offering on Monday, and the IPO is being backed by lead underwriters Stifel Nicolaus & Co. Inc. and William Blair & Co. LLC, advised by Latham & Watkins LLP.
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November 26, 2025
4th Circ. Clears Lender In Kuwaiti Royal Fraud Case
World Business Lenders LLC secured a modest windfall in the Fourth Circuit on Wednesday after a panel said the small business lender was not "willfully blind" to financial fraud against a member of the Kuwaiti royal family and reversed a lower court's judgment that ordered WBL to pay over $704,000 in compensatory and punitive damages.
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November 26, 2025
Spain Seeks Pause On €77M Blasket Award Enforcement
Spain has asked a D.C. federal court to pause efforts by Blasket Renewable Investments LLC to enforce a €77 million ($89 million) arbitral award while the country waits for the U.S. Supreme Court to decide whether to review a related case.
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November 26, 2025
Robinhood, Susquehanna Eye Prediction Market Expansion
Robinhood Markets is planning to beef up its prediction market offerings by partnering with Susquehanna International Group to acquire and stand up a regulated derivatives exchange and clearinghouse.
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November 26, 2025
Oil Trader Says No Jail Needed After Co.'s $191M Bribery Fine
A former Connecticut oil trader convicted of laundering money and paying bribes to an official at Brazilian oil giant Petroleo Brasileiro SA has sought a sentence of probation, citing the U.S. government's "significant rollback" of Foreign Corrupt Practices Act enforcement.
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November 26, 2025
GTCR Drops FTC Constitutional Challenge Over Merger Case
GTCR BC Holdings LLC has agreed to dismiss its constitutional claims against the Federal Trade Commission after enforcers dropped their case challenging the private equity firm's $627 million purchase of medical device coatings company Surmodics Inc.
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November 26, 2025
Nukkleus Exec's SPAC Begins Trading After $150M IPO
A special purpose acquisition company led by the CEO of defense company Nukkleus began trading publicly on Wednesday after raising $150 million in its initial public offering built by three law firms.
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November 26, 2025
Ex-Amarin CEO Loses Suit Over Ouster After Proxy Fight
A New Jersey federal judge on Wednesday tossed a lawsuit against Amarin Pharmaceuticals Inc. from its former CEO over his removal, finding that the allegations did not amount to "good cause" under Swiss law and that no qualifying "change of control" occurred to trigger severance benefits.
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November 26, 2025
3 Firms Guide Sports Biz Enhance's $1.2B SPAC Merger
Sports competition and performance products company Enhanced Ltd. on Wednesday announced plans to go public through a merger with special purpose acquisition company A Paradise Acquisition Corp. in a deal that values the business at $1.2 billion and was built by three law firms.
Expert Analysis
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Series
Performing As A Clown Makes Me A Better Lawyer
To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott.
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9th Circ. Ruling Is Turning Point For Private Funds In 401(k)s
The Ninth Circuit's decision in Anderson v. Intel reinforces that the Employee Retirement Income Security Act's duty of prudence permits fiduciaries to use private market assets in diversified funds, yet it also exposes the persistent litigation and regulatory uncertainties that continue to temper wider adoption in 401(k) plans, say attorneys at Debevoise.
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A Guide To Permanent Capital Vehicles As Access Widens
Recent regulatory and legislative actions are making it easier for retail investors to access permanent capital vehicles like closed-end, interval, tender offer and open-end funds, which each offer distinct advantages that are important to review, say attorneys at Mayer Brown.
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Law School's Missed Lessons: Rejecting Biz Dev Myths
Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new business opportunities, but by dismissing these misguided beliefs, even an introverted first-year associate with a small network of contacts can find long-term success, says Ronald Levine at Herrick Feinstein.
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Shareholder Takeaways From NY Internal Affairs Doctrine Suit
A May New York Court of Appeals decision in Ezrasons v. Rudd involving Barclays — affirming the state's "firmly entrenched" internal affairs doctrine — is a win for all corporate stakeholders seeking stability in resolving disputes between shareholders and directors and officers, say attorneys at Sadis & Goldberg.
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Move Beyond Surface-Level Edits To Master Legal Writing
Recent instances in which attorneys filed briefs containing artificial intelligence hallucinations offer a stark reminder that effective revision isn’t just about superficial details like grammar — it requires attorneys to critically engage with their writing and analyze their rhetorical choices, says Ivy Grey at WordRake.
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Early Trends In Proxy Exclusion After SEC Relaxes Guidance
The U.S. Securities and Exchange Commission’s recent guidance broadening shareholder proposal exclusion under Rule 14a-8 has been undoubtedly useful to issuers this proxy season, but it does not guarantee exclusion, say attorneys at Debevoise.
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Best Practices For State Banks Eyeing Federal Conversions
Amid a notable uptick — fueled by ongoing regulatory upheaval — in state-chartered banks exploring conversion to national bank charters, banks contemplating the decision should weigh the benefits, like uniform supervision, and potential impediments, like costly exam fees, say attorneys at Skadden.
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9th Circ. Has Muddied Waters Of Article III Pleading Standard
District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to questions of Article III standing, and the circuit court itself has only perpetuated this confusion — making it an attractive forum for disputes that have no rightful place in federal court, say attorneys at Gibson Dunn.
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Series
Competing In Modern Pentathlon Makes Me A Better Lawyer
Opening myself up to new experiences through competing in modern Olympic pentathlon has shrunk the appearance of my daily work annoyances and helps me improve my patience, manage crises better and remember that acquiring new skills requires working through your early mistakes, says attorney Mary Zoldak.
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Shifting DEI Expectations Put Banks In Legal Crosshairs
The Trump administration's rollbacks on DEI-friendly policies create something of a regulatory catch-22 for banks, wherein strict compliance would contradict established statutory and administrative mandates regarding access to credit for disadvantaged communities, say attorneys at Husch Blackwell.
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DOJ Memo Lays Groundwork For Healthy Bank Sponsorships
The U.S. Department of Justice's recent digital asset policy shift offers potential clarity in the murky waters of sponsor bank relationships, presenting nontraditional financial companies with both a moment of opportunity and a test of maturity, say attorneys at Arnall Golden.
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Series
Law School's Missed Lessons: Teaching Yourself Legal Tech
New graduates often enter practice unfamiliar with even basic professional software, but budding lawyers can use on-the-job opportunities to both catch up on technological skills and explore the advanced legal and artificial intelligence tools that will open doors, says Alyssa Sones at Sheppard Mullin.
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Texas Targets Del. Primacy With Trio Of New Corporate Laws
Delaware has long positioned itself as the leader in attracting business formation, but a flurry of new legislation in Texas aimed at attracting businesses to the Lone Star State is aggressively trying to change that, says Andrew Oringer at the Wagner Law Group.
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How AI May Reshape The Future Of Adjudication
As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to experiment, lead public courts to evolve and force attorneys to adapt, says Christopher Seck at Squire Patton.