Novo Nordisk Boosts Metsera Bid To $10B After Pfizer Suit

By Al Barbarino

Metsera Inc. said Tuesday its board has determined that a sweetened offer from Novo Nordisk is a superior proposal to its existing merger agreement with Pfizer Inc., as the pharmaceutical takeover battle continues amid revised bids and a pending lawsuit.

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Linklaters Backs Apollo's $6.5B Deal For 50% Of Wind Project

By Najiyya Budaly

U.S. asset manager Apollo said it is paying $6.5 billion for a 50% stake in the world's largest wind project, owned by Denmark's Ørsted, to help fund the remaining construction costs.

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2 Firms Advise CBRE's $1.2B Pearce Services Deal

By Grace Dixon

Real estate services firm CBRE Group Inc. announced Tuesday that it acquired Pearce Services LLC, a service provider for electromechanical infrastructure in North America, from New Mountain Capital in a $1.2 billion deal guided by Sullivan & Cromwell LLP and Ropes & Gray LLP.

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2 Firms Guide $800M Intuitive-Lanteris Spacecraft Deal

By Al Barbarino

Intuitive Machines Inc., a space technology and infrastructure services company, said Tuesday it has agreed to acquire Lanteris Space Systems from Advent International for $800 million in a deal steered by Simpson Thacher & Bartlett LLP and Weil Gotshal & Manges, respectively.

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5 Firms Steer Denny's $620M Go-Private Deal

By Al Barbarino

At least five law firms are helping to steer Denny's Corp.'s new agreement for the diner chain operator to go private through a $620 million sale to investment firms TriArtisan Capital Advisors and Treville Capital Group and Denny's franchise operator Yadav Enterprises.

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3 Firms Steer $1.45B Sale Of TriMas Aerospace

By Jade Martinez-Pogue

Engineered products maker TriMas, advised by Jones Day, on Tuesday announced that it has agreed to sell its aerospace business to Goodwin Procter LLP-advised capital markets firm Tinicum LP in a $1.45 billion all-cash deal.

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Pfizer Can't Freeze $9B Weight-Loss Drug Fight For Now

By Jarek Rutz

A Delaware vice chancellor on Tuesday declined for the moment Pfizer Inc.'s emergency request to put Novo Nordisk's $9 billion bid for Metsera Inc. on hold, saying the time isn't yet at hand for the court's intervention in a fight for control of the developer of GLP-1 weight-loss drugs.

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Dechert Tracks Significant Decline In U.S. Merger Probes

By Bryan Koenig

Dechert LLP's latest merger review report counted a dramatic decrease in the number of significant U.S. Department of Justice and Federal Trade Commission tie-up investigations between July and September and year-to-date, coming in at just two-thirds of the average over the last 15 years.

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EU Opens In-Depth Probe Of MMG's Nickel Mine Deal

By Matthew Perlman

European enforcers have deepened a probe into MMG's planned purchase of Anglo American's nickel business in a deal worth up to $500 million, saying the Chinese state-backed mining company could divert supplies of a material needed for stainless steel production.

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Rare Earth Cos. Announce $1.4B Partnership With US Gov't

By Madeline Lyskawa

Two companies said they have entered into a $1.4 billion joint partnership with the U.S. Department of Defense aimed at boosting the country's domestic rare earth magnet supply chain.

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Blackstone Injecting $700M Into Merck Cancer Therapy

By Al Barbarino

Merck & Co. said Tuesday it will receive $700 million from Blackstone Life Sciences to help fund development of sacituzumab tirumotecan, an experimental antibody-drug conjugate targeting TROP2, a protein found on many cancer cells.

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Cinema Group To Buy US Rival Emagine For $105M

By Tom Fish

Kinepolis Group NV said Tuesday it has agreed to acquire rival movie theater chain Emagine Entertainment's portfolio for $105 million, in a bid to significantly expand the Belgian group's presence in the sector.

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Feds Tell 11th Circ. Delta, Aeromexico Can't Halt JV Split Order

By Linda Chiem

The Trump administration fired back at Delta Air Lines and Aeromexico's Eleventh Circuit bid to freeze a U.S. Department of Transportation order directing them to scuttle their joint venture by Jan. 1, saying the airlines' contention that it'd be too burdensome to disentangle their networks is overblown.

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Ex-View CFO Must Face SEC Suit Over Negligence Claim

By Katryna Perera

A California federal judge has ruled that the U.S. Securities and Exchange Commission has enough evidence to move forward with its negligence claim against a former chief financial officer of "smart" glassmaker View Inc. and that a jury should decide whether the related alleged misstatements were significant to investors.

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Attys Beware: Generative AI Can Also Hallucinate Metadata

In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.

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Dechert Requiring 4 Days In Office For Some Attys, All Staff

By Anna Sanders

Dechert LLP joined a growing list of BigLaw firms increasing their office attendance requirements, rolling out a new policy requiring rising second-year associates and all nonattorney business professionals to work in person four days a week beginning next year.   

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Winston & Strawn Fights 'Anti-Woke' Fintech $1.7B Crash Suit

By Lynn LaRowe

Winston & Strawn LLP is asking a Texas bankruptcy court to toss a lawsuit from the trustee of self-styled "anti-woke" financial technology startup GloriFi, saying that holding the law firm responsible for the company's failure would set "extraordinary and dangerous precedent."

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Bankruptcy Judge Taken Off GWG Case Amid Scandal Fallout

By Hailey Konnath

The federal judge overseeing GWG Holdings' bankruptcy case has been removed because of his professional relationship with embattled former U.S. Bankruptcy Judge David R. Jones, a decision the chief bankruptcy judge attributed not to the GWG judge's "own actions," but to Jones's "abuse" of judicial authority.

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DOJ Ignores Court Discovery Order In Letitia James Case

By Adrian Cruz

The U.S. Department of Justice has refused to provide New York Attorney General Letitia James access to documents related to her October indictment on mortgage fraud charges, arguing Tuesday that a Virginia federal judge was too early in making the discovery order.

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Confirmation Ends Dem-Appointed Judges' Lock On 1st Circ.

By Courtney Bublé

The Senate voted 52-46 on Tuesday to confirm Joshua D. Dunlap, a partner at Pierce Atwood LLP, to the First Circuit.

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Ill. ICE Processing Facility Has 'Become A Prison,' Judge Says

By Celeste Bott

An Illinois federal judge said Tuesday that attorneys representing a proposed class of individuals detained at a U.S. Immigration and Customs Enforcement processing center in suburban Chicago had presented a "disturbing record" of the conditions at the facility that likely justifies a temporary restraining order in some form, but held off ruling until Wednesday.

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Hagens Berman Owes $2M Over Failed Suit, Tech Giants Say

By Rachel Riley

Amazon and Apple have told a Seattle federal judge that Hagens Berman Sobol Shapiro LLP should cover nearly $2 million in defense costs because of the firm's "misrepresentations" while litigating a lawsuit accusing the two companies of conspiring to limit device sales on the e-commerce platform.

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Approach The Bench: Justice McKenna On Earning Her Master's

By Cara Bayles and Steven Trader

Sabrina McKenna, acting chief justice of the Hawaii Supreme Court, had been on the bench for about three decades before she decided to go back to school to study the work of judging.

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Ignore Circuits, Follow Scalia, Justices Told In Deadlines Duel

By Jeff Overley

How can a U.S. Supreme Court advocate persuade the justices to spurn the near-universal views of circuit courts? One option appeared Tuesday at arguments over deadlines to vacate judgments, as a Williams & Connolly lawyer invoked Justice Antonin Scalia's influential methods — and seemingly found a receptive audience.

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Analysis

Mass. Attys Split As Punitive Damages Rules Go To Top Court

By Chris Villani

A case before Massachusetts' top appellate court over whether more safeguards are needed to cap runaway punitive damage awards has divided attorneys, with some saying the big-dollar verdicts can be skewed by improper evidence and others calling the matter a solution in search of a problem.

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CFPB's Information Security 'No Longer Effective,' IG Says

By Sarah Jarvis

The Consumer Financial Protection Bureau's information security program has weakened under the Trump administration and is "no longer effective" amid staff departures and loss of contractor resources, according to a new inspector general report.

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End Payors Seek $66M In Atty Fees In Generic Drug MDL

By P.J. D'Annunzio

End payors in a generic drug price-fixing multidistrict litigation are seeking a Pennsylvania federal court's approval for a $66 million award of attorney fees, representing one-third of the $200 million settlement between the classes and Sun Pharmaceutical Industries Inc. and Taro Pharmaceuticals USA Inc.

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Brief

Squires Sets Precedent On Making AI Patent-Eligible

By Dani Kass

U.S. Patent and Trademark Office Director John Squires on Tuesday made precedential his September declaration that an invention shouldn't be deemed unpatentable just because it involves machine learning.

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Brief

BU Law Will Start Offering AI Certificate In Fall 2026

By Sarah Martinson

Boston University School of Law will begin offering a certificate in artificial intelligence for law practice in fall 2026 to prepare students for using the technology in their legal careers.

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