Sullivan & Cromwell-Led Merck To Buy SpringWorks For $3.9B

By Tom Fish

Merck KGaA said Monday it has agreed to acquire U.S. biotech company SpringWorks Therapeutics for $3.9 billion, as the German science and technology group aims to grow its cancer drug business and its global presence.

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DOJ's Slater Outlines 'America First Antitrust' Priorities

By Matthew Perlman

The head of the U.S. Department of Justice's Antitrust Division said Monday that robust antitrust enforcement meshes with conservative principles, and the agency's priorities will be on pocketbook issues and protecting individual liberty online.

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Italy's Mediobanca Offers €6.3B For Rival Banca Generali

By Najiyya Budaly

Italian investment bank Mediobanca SpA said Monday that it plans to buy a domestic rival, Banca Generali SpA, for €6.3 billion ($7.1 billion), heating up consolidation in the country's banking sector.

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Defense-Focused SPAC Kochav Files $220M IPO

By Jade Martinez-Pogue

Defense- and aerospace-focused special purpose acquisition company Kochav Defense Acquisition has revealed plans to raise up to $220 million in an initial public offering, looking to list on the Nasdaq under the ticker symbol KCHVU.

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Tax Services Provider Andersen Files Confidential IPO Plans

By Tom Zanki

Tax and legal services provider Andersen Group Inc. said Monday it confidentially filed for an initial public offering, marking a first step toward going public amid market volatility that has largely frozen IPOs in recent weeks.

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PE Giant TPG Snags Sabre's Hospitality Biz For $1.1B

By Jade Martinez-Pogue

Travel industry-focused technology provider Sabre Corp., advised by Haynes Boone, on Monday announced plans to sell its Hospitality Solutions business to Davis Polk & Wardwell LLP-led private equity shop TPG in a $1.1 billion cash deal.

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Airbus To Acquire Assets Of Aircraft Parts Maker For $439M

By Najiyya Budaly

Airbus SE said Monday that it has finalized a deal for the global components operations of Spirit AeroSystems as part of a $4.7 billion takeover of the parts maker by aircraft manufacturing giant Boeing.

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Nikola Seeks Court OK For $9M Climate-Credit Sale Process

By Alex Wittenberg

Electric truck maker Nikola Corp. has asked a Delaware bankruptcy judge to approve a sale process for environmental credits the company earned by selling zero-emission vehicles, saying it has secured an $8.97 million bid that will set a floor price for the assets.

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Google Claims Row Delays Dormify's Ch. 11 IP Asset Sale

By Vince Sullivan

A dispute over a $600,000 claim from Google led bankrupt dorm room furnishing retailer Dormify Inc. to delay approval of a sale of its intellectual property assets to Williams-Sonoma Inc. Monday to give the debtor time to resolve the conflict.

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Exec 'Can't Believe' X Offers Itself As Place For Friends

By Bryan Koenig

The Federal Trade Commission pressed executives and former leaders from X Corp., Strava, Pinterest and Reddit on Monday for all the things that distinguish their services from Meta Platforms Inc., painting Facebook and Instagram in D.C. federal court as effectively the only place to really connect with friends and family to show the social media giant's alleged monopoly.

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Second Round Of Conn. Firm Windup Fight Sent To Arbitration

By Brian Steele

A Connecticut state court judge has paused a derivative lawsuit that an attorney filed against his onetime 50-50 law partner at Connecticut Trial Firm LLC, sending it instead to arbitration.

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'Shake & Bake': 4th Circ. Cites Ricky Bobby In NASCAR Ruling

By Hayley Fowler

The Fourth Circuit on Monday called back to the satirical cult classic "Talladega Nights: The Ballad of Ricky Bobby" in finding the former owners of a NASCAR team must cover the cost of a settlement involving a bank lien on their charter after they sold it to new owners.

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DOJ Wants Live Nation Case Split Between Liability, Damages

By Matthew Perlman

The U.S. Department of Justice asked a New York federal court on Monday to split the case accusing Live Nation of quashing competition in the live entertainment industry by having a jury decide if the company violated antitrust law and the judge decide what remedies to impose.

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The 2025 Lawyer Satisfaction Survey

Law firms and the legal profession are facing new uncertainties, shifting the stress levels, economic pressures, and overall contentment of lawyers in private practice, according to the 2025 Law360 Pulse Lawyer Satisfaction Survey.

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'The Court Is Not A Cartoon': Judge Rips Dragon Watermark

By Hailey Konnath

A Michigan federal magistrate judge Monday ordered an East Lansing, Michigan, firm called Dragon Lawyers PC to stop plastering its pleadings with a large, suit-clad purple cartoon dragon watermark on each page, saying it's not only "distracting, it's juvenile and impertinent."

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Analysis

Feds Have Strong Hand On Judge Charged With Blocking ICE

By Danielle Ferguson and Carolyn Muyskens

A Wisconsin state judge faces an uphill battle in defending against federal criminal allegations that she helped a man evade immigration officials at a Wisconsin courthouse, but she may be able to stake out a defense in arguing the government can't prove intent, experts told Law360. 

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California Judge Loses Pay After Conviction For Murdering Wife

By Gina Kim

The California Commission on Judicial Performance formally suspended a California judge without pay after a state jury found him guilty of second-degree murder last week for shooting his wife to death in their Anaheim Hills home on Aug. 3, 2023, following a heated argument. 

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Q&A

Sullivan M&A Chief Sees Opportunities Amid Tariff Turmoil

By Al Barbarino

After a rocky start to 2025, the mergers and acquisitions landscape is grappling with economic volatility, shifting trade policies and a complex regulatory environment. But even in a "choppy" market, there are always deals to be made, says Melissa Sawyer, global head of Sullivan & Cromwell LLP's M&A group and co-head of its corporate governance practice.

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NJ Judge Apologizes Through Waylon Jennings Lyrics

By George Woolston

Clark Township, New Jersey, Municipal Judge Antonio Inacio said Tuesday that he isn't proud of all the things that led him to appear before a Garden State judiciary disciplinary committee, but he can say that he never intentionally hurt anyone by his conduct.

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$10M Brown Rudnick Deal With Guo Trustee Gets Judge's OK

By Aaron Keller

A Connecticut bankruptcy judge on Tuesday approved a $10 million deal between Miles Guo's Chapter 11 trustee and the Chinese exile's onetime attorneys at Brown Rudnick LLP, and greenlighted 10 lesser settlements with other firms and luxury retailer Versace.

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Analysis

GOP Plan To Shutter Audit Watchdog Could Strain SEC

By Jessica Corso

Congressional Republicans are renewing the push to get rid of a financial regulator that conservatives have complained is costly and lacks proper oversight, but some former staffers at the Public Company Accounting Oversight Board wonder whether the U.S. Securities and Exchange Commission has the manpower or expertise to take over the board's duties.

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Federal Defenders Of NY Staff Announce Union Drive

By Andrea Keckley

Staff members at the Federal Defenders of New York have announced their plans to join their attorney colleagues as members of the Association of Legal Advocates and Attorneys.

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Justices Scoff At Feds' Defenses In Mistaken FBI Raid Case

By Chart Riggall

Supreme Court justices Tuesday appeared flummoxed by the government's "ridiculous" arguments it should be immune to a Georgia resident's lawsuit over a mistaken FBI raid on her house, but seemed unlikely to issue a blanket ruling on when an officer's discretion trumps their liability for injuries caused by their actions.

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Alex Jones Wants High Court Look At $1.3B Sandy Hook Case

By Brian Steele

Bankrupt Infowars host Alex Jones will ask the U.S. Supreme Court to invalidate a mammoth libel judgment that families of Sandy Hook shooting victims secured against him and his company over his conspiratorial broadcasts calling the massacre a hoax, he told a Connecticut appellate court in seeking to extend a pause on the payout.

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Breyer To Talk Pragmatism At NJ Bar Association Convention

By Carla Baranauckas

Retired U.S. Supreme Court Justice Stephen Breyer will bring his pragmatic legal philosophy to center stage when he appears at the New Jersey State Bar Association Convention on May 16 in Atlantic City.

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