AbbVie said Monday it has agreed to buy Apogee Therapeutics, a company developing therapies for inflammatory and immunological diseases, at a total equity value of approximately $10.9 billion, with Paul Weiss Rifkind Wharton & Garrison LLP and Kirkland & Ellis LLP advising. 
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Mergers & Acquisitions
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Paul Weiss, Kirkland Steer $10.9B AbbVie, Apogee Deal

By Al Barbarino

AbbVie said Monday it has agreed to buy Apogee Therapeutics, a company developing therapies for inflammatory and immunological diseases, at a total equity value of approximately $10.9 billion, with Paul Weiss Rifkind Wharton & Garrison LLP and Kirkland & Ellis LLP advising. 

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3 Firms Advise On CRH's $8.5B Arcosa Acquisition Deal

By Al Barbarino

Building materials supplier CRH said Monday that it will acquire infrastructure products maker Arcosa in an all-cash deal valued at about $8.5 billion, with three law firms advising.

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EasyJet Board Rejects Castlelake's 'On The Cheap' £4.74B Bid

By Najiyya Budaly

The board of budget airline easyJet said Monday that it has rejected a "highly opportunistic" £4.74 billion ($6.3 billion) cash bid from alternative investment firm Castlelake after it had already batted away two earlier proposals.

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WaPo Wants Trump Media Sanctioned In $2.78B Suit

By Carolina Bolado

The Washington Post is asking for sanctions against President Donald Trump's social media company for what the Post alleges were repeated discovery violations in Trump's $2.78 billion defamation suit against the newspaper.

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States Defend Live Nation Jury Verdict In Antitrust Case

By Matthew Perlman

State enforcers have urged a New York federal court to reject Live Nation's bid to upend a jury verdict finding the company monopolized key parts of the live entertainment industry, telling the court the jury carefully considered ample evidence and should not be second-guessed.

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MERGER REVIEW

FTC Requires Fix For Aurobindo's $250M Lannett Deal

By Matthew Perlman

The Federal Trade Commission is allowing Aurobindo Pharma Ltd. to move ahead with its planned $250 million acquisition of Lannett Co. Inc., after the pharmaceutical company agreed to unload four generic drug products to prevent potential overlaps.

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DELAWARE

Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week handled disputes involving executive compensation, take-private transactions, books and records demands, tender offers and alleged insider misconduct.

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TerraForm Attys Get $23M Fee In Brookfield Settlement

By Jarek Rutz

The Delaware Chancery Court awarded plaintiffs' attorneys more than $23 million in fees and expenses for securing an $83.8 million settlement that resolved long-running shareholder litigation over Brookfield Asset Management's 2020 take-private merger with renewable energy company TerraForm Power Inc.

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DEALS & FINANCING

Owners Of NHL's Red Wings, Maple Leafs Partner With PWHL

By David Steele

Groups led by the owners of the NHL's Detroit Red Wings and Toronto Maple Leafs have made a substantial investment in the Professional Women's Hockey League, the first outside investment since its 2024 inception, the league announced on Monday.

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LITIGATION

Bitcoin Miner Hut 8, Investors Ink $2.3M Merger Settlement

By Katryna Perera

A proposed class of investors in Hut 8 Corp. has reached a $2.3 million settlement with the bitcoin miner to resolve claims that it overpaid for a company with severe operational issues and misled investors about energy and connectivity failures at a Texas facility that was part of the merger.

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PEOPLE

Paul Weiss Adds Bracewell Energy M&A Atty In Texas

By Kevin Penton

Paul Weiss Rifkind Wharton & Garrison LLP has added a transactions attorney previously with Bracewell LLP who specializes in mergers and acquisitions in the energy industry, the firm announced Monday.

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EXPERT ANALYSIS

California Antitrust Bill Raises New Risks For Dealmakers

A pending California bill would turn the state attorney general's office into a more powerful antitrust enforcer, introducing a host of implications for dealmakers beyond whether deals close, such as deal certainty and risk allocation, say attorneys at Baker Botts.

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Risk Reduction Lessons For PE Firms From PowerSchool Suit

A California federal court's recent orders allowing claims against Bain Capital to proceed based on a data breach at its subsidiary PowerSchool indicate that private equity firms need to strategically approach acquisition activities to avoid cybersecurity risks, say attorneys at Womble Bond.

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LEGAL INDUSTRY

Attorney Reprimanded In $256M Defamation Case

By Rachel Rippetoe

A former Conrad & Scherer LLP managing partner must pay an Alabama coal company's attorney fees after being publicly reprimanded by an Alabama federal judge, who found he lied to the court and paid witnesses to change their testimony in his repeated lawsuits against the company.

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NJ Firm Accused Of 'Double-Dipping' On Pelvic Mesh Fees

By Daniel Connolly

Four women allege in a recently filed lawsuit that a New Jersey law firm overcharged them on legal fees related to a settlement in pelvic mesh litigation, and the recent lawsuit also relates to a long-running conflict between lawyers who formerly worked together.

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Justices Seek Input On NJ State Bar Diversity Challenge

By George Woolston

The U.S. Supreme Court has asked the federal government to weigh in on a Garden State appellate court's decision that approved a New Jersey State Bar Association system for fostering diversity in its leadership that was accused of being discriminatory.

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Blanche, Pirro Can't Be DQ'd From Trump DC Shooting Case

By Craig Clough

A D.C. federal judge held Monday that the man accused of attempting to assassinate President Donald Trump at the White House Correspondents' Association dinner can't disqualify U.S. Attorney Jeanine Pirro and acting Attorney General Todd Blanche from prosecuting him because of their presence at the dinner.

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LAW FIRMS IN TODAY'S NEWS

Abrams & Bayliss

Advisors LLC

Andrews & Springer

Arnold & Porter

Baker Botts

Bracewell LLP

Brito PLLC

Bronstein Gewirtz

Christian & Small

Clifford Chance

Conrad & Scherer

Consovoy McCarthy

Cravath Swaine

Dechert LLP

FBT Gibbons

Friedman Oster

Gibson Dunn

Julie & Holleman

Kaskela Law

Kirkland & Ellis

Kropf Moseley

Labaton Keller

Latham & Watkins

Mazie Slater

Milbank LLP

Nagel Rice

Paul Weiss

Pendley Baudin

Pomerantz LLP

Proskauer Rose

Robbins LLP

Robins Kaplan

Slater Slater

Slaughter and May

Starnes Davis

Thomas & LoCicero

Wallace Jordan

Weil Gotshal

Williams & Connolly

Winston Taylor

Womble Bond

COMPANIES IN TODAY'S NEWS

AbbVie Inc.

Apogee Therapeutics

Aurobindo Pharma Ltd.

BNP Paribas SA

Brookfield Asset Management Ltd.

Castlelake LP

Detroit Pistons

Detroit Red Wings

Detroit Tigers

Drummond

Drummond Co. Inc.

Evercore Inc.

Fidelity National Financial Inc.

Francisco Partners

GameStop Corp.

Hilton Worldwide Holdings Inc.

Horizon Blue Cross Blue Shield of New Jersey

Itochu Corporation

Johnson & Johnson

Lannett Company, Inc

Live Nation Entertainment Inc.

Major League Baseball Inc.

Major League Soccer LLC

Marriott International Inc.

New Jersey State Bar Association

Optimum

Parsley Energy Inc.

PowerSchool Group LLC

Quagen Pharmaceuticals LLC

Skydance Media LLC

StubHub Inc.

TerraForm Power Inc.

The Bank of Nova Scotia

The Goldman Sachs Group Inc.

The Trade Desk Inc.

Toronto Maple Leafs

Toronto Raptors

Venrock

Verizon Communications Inc.

WNBA Enterprises LLC

Warner Bros. Discovery Inc.

WideOpenWest Finance LLC

easyJet plc

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Federal Trade Commission

New Jersey Supreme Court

U.S. Attorney's Office

U.S. Department of Justice

U.S. District Court for the District of Columbia

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

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

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

U.S. Secret Service

U.S. Supreme Court

United States District Court for the Northern District of Alabama