Defense Tech Startup Lyntris Launches Plans For $492M IPO

By Jade Martinez-Pogue

Private equity-backed defense technology company Lyntris Inc. on Monday filed plans with U.S. regulators to raise roughly $492 million in its initial public offering led by Willkie Farr & Gallagher LLP and Latham & Watkins LLP.

Read full article » | Save to favorites »

Webtoon Investors Seek OK Of $10.1M Deal For Post-IPO Drop

By Sydney Price

Online comics platform Webtoon Entertainment Inc. has reached a $10.1 million deal with its investors to end claims that the company's registration statement for its 2024 initial public offering concealed the minimal growth the company was experiencing.

Memorandum attached | Read full article » | Save to favorites »

SEC Alleges Adviser Defrauded Investors In Pre-IPO Offerings

By Jessica Corso

The U.S. Securities and Exchange Commission both filed and settled a lawsuit in New York federal court Monday that accuses an investment manager of defrauding investors interested in taking positions in companies like SpaceX and Klarna before they went public. 

2 documents attached | Read full article » | Save to favorites »

Crypto Promoter Owes SEC $2.6M Over BitConnect Offering

By Katryna Perera

A New York federal judge has ordered a cryptocurrency promoter to pay over $2.6 million to resolve claims from the U.S. Securities and Exchange Commission that he recruited investors into a $2 billion unregistered cryptocurrency lending program.

Order attached | Read full article » | Save to favorites »

Fox Gives DOJ More Time To Review $22B Roku Deal

By Matthew Perlman

Fox Corp. has given antitrust enforcers at the U.S. Department of Justice additional time to review its planned purchase of Roku, a deal that values the television streaming platform operator at around $22 billion.

Read full article » | Save to favorites »

Muddy Waters Wants Claim Cut From $14M Whistleblower Suit

By Katryna Perera

Investment research service Muddy Waters LLC and its founder want a breach of contract claim cut from a suit alleging they stiffed a purported former partner out of his share of a $14 million whistleblower award from the U.S. Securities and Exchange Commission, saying the claim "crosses the line from pleading in the alternative to pleading in incoherence."

Memorandum attached | Read full article » | Save to favorites »

Brief

Soldier Must Wait To Argue CFTC Case Over Maduro Trades

By Jessica Corso

The U.S. Army sergeant facing allegations that he profited off his insider knowledge of the raid that captured former Venezuelan President Nicolás Maduro cannot challenge the U.S. Commodity Futures Trading Commission case against him while he faces criminal charges, a New York federal judge has ruled.

Order attached | Read full article » | Save to favorites »

Judge Lets Feds Drop Adani Fraud Counts But Rebukes DOJ

By Rachel Riley

A New York federal judge agreed Monday to toss fraud charges accusing Adani Group Chairman Gautam S. Adani of misleading investors about a $250 million bribery scheme to score solar energy contracts, while sharply criticizing the U.S. Department of Justice's "highly unusual" move to drop the case.

Order attached | Read full article » | Save to favorites »

Paul Weiss Adds 2 Capital Markets Partners

By Daniel Moritz-Rabson

Paul Weiss Rifkind Wharton & Garrison LLP said Monday it has added two New York-based partners to its capital markets group.

Read full article » | Save to favorites »

Rethinking Risk And Value In Private Credit Disputes

Private credit disputes will increasingly turn on whether lenders recognized enterprise-value risk and updated marks as borrower conditions changed, making valuation processes, trigger frameworks and portfolio oversight critical for investors and litigants, say Isil Erel at the Ohio State University and Farooq Javed at The Brattle Group.

Read full article » | Save to favorites »

Trump Picks Ex-Personal Lawyer As New White House Counsel

By Courtney Bublé

President Donald Trump's incoming White House counsel is a former personal attorney for the president who is already working for the White House and was at the U.S. Department of Justice during his first term.

Read full article » | Save to favorites »

Ill. Gov. Signs Bill Restricting PE Role In Legal Industry

By Emma Cueto

Illinois Gov. JB Pritzker has signed into law a bill designed to target nonlawyer ownership of law firms, outlawing fee sharing with out-of-state alternative business structures and attempting to place restrictions on law firms' use of managed services organizations.

Read full article » | Save to favorites »

Spa Fights 9th Circ.'s 'Swinging Dicks' Order At High Court

By Jeff Overley

The Ninth Circuit's rejection of a spa's religious objections to serving transgender customers is incompatible with several major precedents, according to a U.S. Supreme Court petition filed Monday in litigation that soared in prominence when dozens of circuit judges decried a salacious dissent.

2 documents attached | Read full article » | Save to favorites »

CREXi Can't Stay CoStar Case For Quinn Emanuel DQ Appeal

By Matthew Perlman

A California federal court rejected a bid Monday from Commercial Real Estate Exchange Inc., or CREXi, for a stay in CoStar's copyright case while CREXi looks to undo the disqualification of its attorneys from Quinn Emanuel Urquhart & Sullivan LLP.

2 documents attached | Read full article » | Save to favorites »

Biz Owners Appeal Morgan Lewis Win In Tax Shelter Suit

By Andrea Keckley

A pair of business owners asked the Florida Supreme Court to reverse a decision affirming judgment in favor of Morgan Lewis & Bockius LLP in a dispute over whether the law firm had routed income through illegal tax shelters.

Notice attached | Read full article » | Save to favorites »