A Delaware federal judge on Tuesday approved a $5.892 billion bid from hedge fund Elliott Investment Management LP to purchase shares in Citgo's parent company and satisfy billions of dollars' worth of Venezuelan debt, moving a step closer to ending the long-delayed sale.
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WEDNESDAY, NOVEMBER 26, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Delaware Judge Accepts $5.89B Bid For Control Of Citgo

By Caroline Simson

A Delaware federal judge on Tuesday approved a $5.892 billion bid from hedge fund Elliott Investment Management LP to purchase shares in Citgo's parent company and satisfy billions of dollars' worth of Venezuelan debt, moving a step closer to ending the long-delayed sale.

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Petitioner Says Arbitrator's Misconduct Taints $55M Award

By Caroline Simson

A Chinese man on the hook for a $55 million arbitral award in a dispute over an ill-fated investment is urging the U.S. Supreme Court to resolve whether an arbitration conducted by a three-member tribunal was fundamentally fair if one arbitrator "functionally abandoned his post" during a hearing.

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Bridgepoint Buys Majority Stake In Crypto Audit Firm

By Jade Martinez-Pogue

Middle-market private equity firm Bridgepoint Group, led by Cleary Gottlieb Steen & Hamilton LLP, on Tuesday revealed plans to take a majority stake in British digital asset assurance and technology solutions provider ht.digital, led by Dentons.

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POLICY & REGULATION

Commerce Reviewing Info Gathering For Auto Tariff Rebate

By Kevin Pinner

The U.S. Department of Commerce is seeking comments on requirements for automakers to submit documentation to qualify for a rebate of U.S. tariffs, it said Tuesday.

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Brief

US, Mexico And Canada Environmental Panel To Meet

By Dylan Moroses

The Office of the U.S. Trade Representative announced that the environmental committee organized under the U.S. Mexico Canada Agreement will meet in December, according to a notice published Tuesday. 

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EXPERT ANALYSIS

Considerations When Invoking The Common-Interest Privilege

To successfully leverage the common-interest doctrine in a multiparty transaction or complex litigation, practitioners should be able to demonstrate that the parties intended for it to apply, that an underlying privilege like attorney-client has attached, and guard against disclosures that could waive privilege and defeat its purpose, say attorneys at DLA Piper.

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LEGAL INDUSTRY

Bonus Spotlight

Weil Matches Year-End And Special Bonuses For Associates

By Anna Sanders

Weil Gotshal & Manges LLP on Tuesday joined a cadre of other firms in matching the BigLaw standard for this year's associate bonuses.  

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Judges Decline Invites To Senate Hearing On Impeachment

By Courtney Bublé

Two federal judges, both of whom Republicans are looking to impeach, declined to testify before the U.S. Senate Judiciary Committee's hearing next week on the impeachment of "rogue" judges, a source familiar with the situation told Law360 on Tuesday.

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DOJ Official Sues Over Firing For Epstein Talk On Hinge 'Date'

By Alison Knezevich

A longtime official at the U.S. Department of Justice who was fired after he was secretly recorded discussing the Epstein files has sued the agency and U.S. Attorney General Pam Bondi in D.C. federal court.

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Democrats Seek Documents On Emil Bove's DOJ Tenure

By Courtney Bublé

Senate Democrats are turning to public records requests to learn more about the controversial tenure of U.S. Circuit Judge Emil Bove while he served at the U.S. Department of Justice, claiming that they're being "stonewalled" by the department.

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$255K In Fees To Google For 'Frivolous' Ramey Case Upheld

By Ryan Davis

The Federal Circuit on Tuesday affirmed a California judge's decision that a client of embattled intellectual property firm Ramey LLP must pay nearly $255,000 in fees and sanctions for bringing a "frivolous" patent suit against Google, finding the award to be "entirely proper."

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Fla. Law Student Expelled For Antisemitic Post To Be Reenrolled

By David Minsky

A Florida federal judge has ordered the reinstatement of a law school student who was expelled after he was investigated over antisemitic posts on social media, saying the university didn't prove his speech "constituted a true threat." 

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Texas Law Firm, Atty Reach Tentative Deal In Age Bias Suit

By Rose Krebs

An attorney who sued a Houston-based law firm alleging she was fired in retaliation for having complained about age discrimination has reached "a tentative agreement" to resolve the matter, according to a filing in Illinois federal court.

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Husch Blackwell Blasts Ex-Firm Atty's ERISA Suit

By James Boyle

A former Husch Blackwell LLP partner's claim that the firm violated federal law by withholding monthly retirement account contributions misidentified the funds in question as participant contributions, when they were, in fact, contributions from the firm's year-end profit-sharing program.

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LAW FIRMS IN TODAY'S NEWS

Cleary Gottlieb

Cravath Swaine

Curtis Mallet-Prevost

DLA Piper

Dentons

Disparti Law Group

Eimer Stahl

Gibson Dunn

Heyman Enerio

Holwell Shuster

Husch Blackwell

Jackson Lewis PC

Mark S. Zaid PC

Milbank LLP

Morris Nichols

Munger Tolles

Norton Rose

Perkins Coie

Potter Anderson

Ramey LLP

Richards Layton

Rimon PC

SBSB Eastham

Sabatini Law Firm PA

Sanford Heisler

Schaerr Jaffe

Van De Poel Levy

Venable LLP

Weil Gotshal

Womble Bond

COMPANIES IN TODAY'S NEWS

Bridgepoint Advisers Ltd.

CITGO Petroleum Corp.

Caterpillar Inc.

ConocoPhillips Co.

Corning Inc.

Crystallex International Corp

Dow Inc.

Elliott Investment Management LP

Fresh Del Monte Produce Inc.

Gold Reserve Inc

Google LLC

Harvard University

Lihua International Inc.

Netflix Inc.

Nidec Corp.

YouTube Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Equal Employment Opportunity Commission

International Trade Administration

Office of Foreign Assets Control

Office of the U.S. Trade Representative

U.S. Court of Appeals for the Federal Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Third Circuit

U.S. Department of Commerce

U.S. Department of Justice

U.S. Department of the Treasury

U.S. District Court for the District of Columbia

U.S. District Court for the District of Delaware

U.S. District Court for the District of Maryland

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

U.S. District Court for the Northern District of California

U.S. District Court for the Northern District of Florida

U.S. District Court for the Northern District of Illinois

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

U.S. District Court for the Western District of Missouri

U.S. District Court for the Western District of Texas

U.S. Senate

U.S. Supreme Court

US Office of Management and Budget