Nuveen Wins Regulatory Backing To Buy Schroders For £10B

By Irene Madongo

Asset manager Nuveen said Tuesday that it has received regulatory approval for its planned £9.9 billion ($13 billion) takeover of U.K. rival Schroders, paving the way for the deal to close once remaining conditions are met.

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FTC's Ferguson: Don't Fight New Fed. Courts Merger Policy

By Bryan Koenig

Federal Trade Commission Chairman Andrew Ferguson on Tuesday warned companies that fighting the FTC's shift to challenging mergers exclusively in federal court risks making "your life more difficult."

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Analysis

4 Flashpoints In FDIC's Bid To Revamp Bank Merger Reviews

By Jon Hill

The Federal Deposit Insurance Corp.'s new plan to overhaul its bank merger review process is aimed at delivering faster, more predictable decisions on deals, but some of its key provisions could spark friction as banks and their critics weigh in over the coming weeks.

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OppFi SPAC Investors Get OK For $13M Post-IPO Flop Deal

By Katryna Perera

The Delaware Chancery Court on Tuesday approved a $13 million settlement to end litigation accusing special purpose acquisition company FG New America Acquisition Corp. and several of its executives and directors of overselling the value of merger target Opportunity Financial, whose stocks plummeted by some 80% after the take-public transaction.

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CMA Seeks Views On Kone's €29.4B Deal For German Rival

By Najiyya Budaly

The antitrust authority said Tuesday it is seeking initial views on whether Finnish lift engineering giant Kone's planned €29.4 billion ($33.7 billion) acquisition of TK Elevator GmbH could harm competition in the U.K.

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Rentokil To Sell Lake Management Arm To Bain For $230M

By Joel Poultney

Global pest control company Rentokil said Tuesday it has agreed to sell its lake and pond management division to U.S. asset manager Bain Capital for $230 million.

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Foley & Lardner Steers Cognex On $500M RealSense Buy

By Al Barbarino

Industrial machine-vision company Cognex Corp. said Tuesday it has agreed to acquire RealSense for about $500 million, expanding its business into robotic perception and adding exposure to the growing market for 3D sensing technology.

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Binance Plugs $100M Into Latham-Led Blockchain Co. Circle

By Jade Martinez-Pogue

Global blockchain ecosystem Binance on Tuesday revealed that it has extended its strategic partnership with Circle Internet Group, which is advised by Latham & Watkins LLP, in a deal that includes a $100 million equity investment in Circle.

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Juul Buyers Defend Antitrust Classes At 9th Circ.

By Matthew Perlman

Juul buyers are defending the certification of several classes in a case over tobacco giant Altria's past investment in the e-cigarette company, telling the Ninth Circuit it does not matter if they purchased different quantities on different terms or live in different states.

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Flyers Tell 9th Circ. Alaska-Hawaiian Merger Eroding Service

By Linda Chiem

Airline customers have told the Ninth Circuit that Alaska Airlines' 2024 acquisition of Hawaiian Airlines eroded consumer choice on numerous routes, and that a district court improperly dismissed their antitrust lawsuit with premature and flawed findings that cannot be allowed to stand.

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Inspired Healthcare Seeks OK For $713M Asset Sale

By Rick Archer

Inspired Healthcare on Tuesday asked a Texas bankruptcy judge to approve the sale of 30 of its senior living communities but to leave for later the question of how the $713 million in proceeds will be split among its creditors.

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Yardbird Can Tap $5.4M Ch. 11 Loan To Pursue Asset Sale

By Vince Sullivan

Casual Southern dining chain Yardbird on Tuesday received a Delaware bankruptcy judge's interim approval to get a taste of its $5.4 million in Chapter 11 financing as the debtor prepares to run a sale process for its restaurant operations.

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Paul Weiss Lands Weil Private Equity Co-Head In NY

By Daniel Moritz-Rabson

Paul Weiss Rifkind Wharton & Garrison LLP has hired a team of transactional lawyers, including the co-head of Weil Gotshal & Manges LLP's private equity practice, the firm announced on Tuesday.

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Seyfarth Says Data Breach Exposed Social Security Numbers

By Hailey Konnath

Seyfarth Shaw LLP has disclosed a recent data breach that exposed the names and Social Security numbers of at least 300 individuals, according to notices filed with the Texas and California attorneys general.

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Meta Celebrates 'Abuse' Of Atty-Client Privilege, Judge Told

By Dorothy Atkins

A California federal judge ordered Meta on Tuesday to rereview privilege designations on 300 documents in social media addiction litigation, after plaintiffs' lawyers cited a "culture of privilege abuse" epitomized by Instagram swag hats embroidered with "a/c priv" — the shorthand used to log withheld documents.

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Mich. Fed. Judge On 1-Year Leave Over Drunken Driving Case

By Jack Karp

U.S. District Judge Thomas L. Ludington is taking a one-year paid leave of absence from the bench following his misdemeanor conviction for drunken driving, the U.S. District Court for the Eastern District of Michigan announced Tuesday.

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Womble Bond Can't Quit Dutch Client With TM Trial Looming

By Hayley Fowler

Womble Bond Dickinson can't withdraw from a trademark feud that's dragged on for more than five years between U.S. and Dutch software companies, a North Carolina federal judge ruled, saying the firm's exit at this late stage "would be completely disruptive."

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