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Mergers & Acquisitions
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									October 14, 2025
									NC Court Denies Early Ruling In Hospital Antitrust CaseOwners of a healthcare system in western North Carolina couldn't prevail in an early summary judgment attempt to avoid antitrust claims, after a North Carolina Business Court judge said the complexity of the request at hand precludes a "piecemeal" ruling. 
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									October 14, 2025
									Freshfields Guides J&J's Planned Orthopedics Unit SpinoffJohnson & Johnson said Tuesday it intends to separate its orthopedics business into a stand-alone company within the next 18 to 24 months, with Freshfields LLP advising on the planned spinoff of the unit. 
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									October 14, 2025
									House of Doge To Go Public In Reverse Merger With Brag HouseHouse of Doge, led by Seward & Kissel LLP, will merge with esports platform Brag House Holdings Inc., which is being steered by Lucosky Brookman LLP, in a reverse merger backed by $50 million in capital investments that will see the cryptocurrency company go public. 
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									October 14, 2025
									Catching Up With Delaware's Chancery CourtLast week at the Delaware Chancery Court, Vice Chancellor Lori W. Will ruled that Carlos Vasallo remains the CEO of Caribevision TV Network LLC, finding that majority investors' attempt to remove him under a defective 2019 agreement was invalid for lack of proper notice. 
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									October 14, 2025
									Covington, Sidley Guide $700M BioCryst Allergic Disease DealBioCryst Pharmaceuticals Inc. will purchase Astria Therapeutics Inc., a biopharmaceutical company focused on therapies for allergic and immunologic diseases, in a cash and stock deal worth about $700 million, the companies announced Tuesday. 
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									October 14, 2025
									Wachtell, Latham Steer $8.2B Timber Merger Of EqualsRayonier Inc. and PotlatchDeltic Corp. said Tuesday they have agreed to merge in an all-stock deal that will create an $8.2 billion entity and one of North America's largest publicly traded timber and wood products companies. 
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									October 14, 2025
									Petershill To Sell Stake In VC Firm To Goldman SachsPetershill Partners PLC said Tuesday that it has agreed to sell a majority of its stake in Industry Ventures to Goldman Sachs as a part of the global investment heavyweight's $965 million takeover of the venture capital investor. 
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									October 14, 2025
									Malibu Life To Buy Texan Life Insurer TruSpire For $45MMalibu Life Holdings Ltd. said Tuesday that it will buy life and retirement insurance business TruSpire from Mutual of America Life Insurance Co. for $45 million to enter the U.S. direct annuity issuance business. 
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									October 13, 2025
									Kirkland-Led Warburg Pincus To Buy Software Co. For €700MPrivate equity group Warburg Pincus LLC said Monday it has agreed to buy PSI, a German software company, for approximately €702 million ($812 million), to increase its presence in the growing global energy and industrial technology sector. 
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									October 13, 2025
									7 Firms Guide €16B Merger Of UK, Greek Lottery OperatorsAllwyn International AG, the Swiss operator of the U.K. National Lottery and a Greek betting business said Monday that they would merge to form a multinational gambling group valued at €16 billion ($18.5 billion). 
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									October 10, 2025
									Delta, Aeromexico Say USDOT Erred In Blocking PartnershipDelta Air Lines and Aeromexico have asked the Eleventh Circuit to vacate the U.S. Department of Transportation's order terminating approval of their joint venture and ordering them to dismantle it by January, according to a petition for review posted to the case docket Friday. 
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									October 10, 2025
									DOJ Can't Pause Review Of UnitedHealth Deal Amid ShutdownA Maryland federal judge rejected the U.S. Department of Justice's bid to stay its recently settled case with UnitedHealth over the company's merger with Amedisys because of the government shutdown and lapse in appropriations, ruling that a stay would impede the DOJ's ability to evaluate the public interest in the settlement. 
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									October 10, 2025
									Seyfarth Eyes Middle-Market Bounce As Megadeals DominateWhile multibillion-dollar mergers look good in headlines and have fueled some broader market optimism, Seyfarth attorneys told Law360 on Friday that the middle-market door has yet to fully swing open for a true mergers and acquisitions revival. 
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									October 10, 2025
									4 Firms Build $972.6M Concrete Biz SPAC MergerConcrete Partners Holding LLC has unveiled plans to go public through a merger with special purpose acquisition company Haymaker Acquisition Corp. 4 in a deal that was built by four law firms and values the combined company at $972.6 million. 
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									October 10, 2025
									Covington, Goodwin Guide Bristol Myers' $1.5B Orbital BuyBristol Myers Squibb plans to acquire privately held Orbital Therapeutics for $1.5 billion in cash, aiming to expand its pipeline in cell- and RNA-based therapies for autoimmune diseases, the companies announced Friday. 
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									October 10, 2025
									DOJ Scrutiny Sparks Change To $500M Material Analysis DealOnto Innovation Inc. removed a product line from its planned deal to purchase a materials analysis business from Semilab International after the U.S. Department of Justice requested additional information to review the merger, reducing the purchase price to $495 million. 
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									October 10, 2025
									X Corp. Workers Seek Redo On Severance Claims In Del.Six former X Corp. employees have argued in a lawsuit naming billionaire Elon Musk that a federal circuit judge was "manifestly looking in the wrong place" when he found that those who sued for severance benefits lacked standing for their claims after Twitter's merger with X Corp. 
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									October 10, 2025
									Prospect Medical Gets OK For $45M Yale Health Deal In Ch. 11A Texas bankruptcy judge Friday approved a $45 million settlement between Yale New Haven Health Services Corp. and Prospect Medical that ends a legal battle over failed hospital sales, as Prospect works toward exiting Chapter 11. 
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									October 10, 2025
									No Taxes On $137M Failed Merger Payment, UK Court RulesA British microchip company doesn't owe taxes on $137 million it received from a U.S. company after a failed merger, a U.K. court ruled, rejecting HM Revenue & Customs's contention that the payment constituted a taxable disposal of assets. 
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									October 10, 2025
									SEC Guidance Aims To Ease IPO Process During ShutdownAs the federal government shutdown lingers, the U.S. Securities and Exchange Commission has updated its guidance to advise companies on how they can still move forward with initial public offerings. 
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									October 10, 2025
									Taxation With Representation: Sullivan, MoFo, FreshfieldsIn this week's Taxation With Representation, Fifth Third Bancorp acquires Comerica in an all-stock deal, Qualtrics buys experience analytics firm Press Ganey Forsta, and SoftBank buys ABB's robotics division. 
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									October 10, 2025
									UK Litigation Roundup: Here's What You Missed In LondonThis past week in London has seen Paddington Bear's creators and Studio Canal sue the company behind Spitting Image, Blackpool Football Club's former owner Owen Oyston bring a fresh claim against the club, and Mishcon de Reya sue a Saudi investment group. 
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									October 10, 2025
									Rite Aid Fires Back At Claims It Broke CVS Sale DealBankrupt drugstore chain Rite Aid Friday defended its decision to not pay for druggist insurance to cover ex-employees at pharmacies it has sold to former competitor CVS, while saying CVS has breached the sale deal itself by withholding its final payment. 
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									October 10, 2025
									Freshfields Guides BASF On €7.7B Sale Of Coatings Biz StakeGerman chemicals producer BASF has agreed to sell a majority interest in its coatings division to investment company Carlyle and the Qatar Investment Authority, in a transaction that values the offloaded company at €7.7 billion ($8.9 billion), the companies said on Friday. 
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									October 10, 2025
									Warburg Pincus Gets More Time For JTC Bid DecisionJTC said Friday that Warburg Pincus LLC has been given a further two weeks to say whether it plans to make an offer to acquire the professional services company. 
Expert Analysis
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								Opinion The Legal Education Status Quo Is No Longer Tenable  As underscored by the fallout from California’s February bar exam, legal education and licensure are tethered to outdated systems, and the industry must implement several key reforms to remain relevant and responsive to 21st century legal needs, says Matthew Nehmer at The Colleges of Law. 
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								Utilizing Rep And Warranties Insurance In CRE Transactions  With insurance and commercial real estate legal trends suggesting that representations and warranties insurance is likely to grow substantially in the next several years, CRE buyers and sellers should learn how such insurance can help resolve conflicting positions during transaction negotiations, say attorneys at Troutman. 
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								E-Discovery Quarterly: Rulings On Relevance Redactions  In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley. 
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								Opinion Section 1983 Has Promise After End Of Nationwide Injunctions.jpg)  After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice. 
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								Trump's 2nd Term Puts Merger Remedies Back On The Table.jpg)  In contrast with the Biden administration, the second Trump administration has signaled a renewed willingness to resolve merger enforcement concerns through remedies from the outset, particularly when the proposed fix is structural, clearly addresses the harm and does not require burdensome oversight, say attorneys at Cooley. 
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								Opinion Premerger Settlements Don't Meet Standard For Bribery  Claims that Paramount’s decision to settle a lawsuit with President Donald Trump while it was undergoing a premerger regulatory review amounts to a quid pro quo misconstrue bribery law and ignore how modern legal departments operate, says Ediberto Román at the Florida International University College of Law. 
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								Series Playing Soccer Makes Me A Better Lawyer  Soccer has become a key contributor to how I approach my work, and the lessons I’ve learned on the pitch about leadership, adaptability, resilience and communication make me better at what I do every day in my legal career, says Whitney O’Byrne at MoFo. 
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								Series Law School's Missed Lessons: Learning From Failure  While law school often focuses on the importance of precision, correctness and perfection, mistakes are inevitable in real-world practice — but failure is not the opposite of progress, and real talent comes from the ability to recover, rethink and reshape, says Brooke Pauley at Tucker Ellis. 
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								Legal Ops, Compliance Increasingly Vital To Antitrust Strategy  With deal timelines tightening and disclosure requirements intensifying, legal operations and compliance teams are becoming critical drivers of premerger strategy, cross-functional alignment and regulatory credibility, says Alexander Lima at Wesco International. 
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								Series Adapting To Private Practice: From ATF Director To BigLaw  As a two-time boomerang partner, returning to BigLaw after stints as a U.S. attorney and the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, people ask me how I know when to move on, but there’s no single answer — just clearly set your priorities, says Steven Dettelbach at BakerHostetler. 
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								4th Circ. Favors Plain Meaning In Bump-Up D&O Ruling  The Fourth Circuit's latest denial of indemnity coverage in Towers Watson v. National Union Fire Insurance and its previous ruling in this case lay out a pragmatic approach to bump-up provisions that avoids hypertechnical constructions to limit the effect of a policy's plain meaning, say attorneys at Kennedys. 
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								Opinion DOJ's HPE-Juniper Settlement Will Help US Compete  The U.S. Department of Justice settlement with Hewlett Packard Enterprise clears the purchase of Juniper Networks in a deal that positions the U.S. as a leader in secure, scalable networking and critical digital infrastructure by requiring the divestiture of a WiFi network business geared toward small firms, says John Shu at Taipei Medical University. 
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								Series Playing Baseball Makes Me A Better Lawyer  Playing baseball in college, and now Wiffle ball in a local league, has taught me that teamwork, mental endurance and emotional intelligence are not only important to success in the sport, but also to success as a trial attorney, says Kevan Dorsey at Swift Currie. 
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								Building Better Earnouts In The Current M&A Climate  In the face of market uncertainty, we've seen a continued reliance on earnouts in M&A deals so far this year, but to reduce the risk of related litigation, it's important to use objective standards, apply company metrics cautiously and ensure short time periods, among other best practices, say attorneys at White & Case. 
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								Series Law School's Missed Lessons: Skillful Persuasion  In many ways, law school teaches us how to argue, but when the ultimate goal is to get your client what they want, being persuasive through preparation and humility is the more likely key to success, says Michael Friedland at Friedland Cianfrani.