HBO Max subscribers slapped Netflix with one of the first proposed class actions seeking to halt the streaming behemoth's $82.7 billion plan to buy Warner Bros.' studio and streaming business, calling the deal "one of the more audacious horizontal mergers in recent memory."
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Mergers & Acquisitions
WEDNESDAY, DECEMBER 10, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

HBO Max Subscribers Sue To Stop Netflix-Warner Bros. Deal

By Nadia Dreid

HBO Max subscribers slapped Netflix with one of the first proposed class actions seeking to halt the streaming behemoth's $82.7 billion plan to buy Warner Bros.' studio and streaming business, calling the deal "one of the more audacious horizontal mergers in recent memory."

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Teleflex To Divest Multiple Units In Deals Topping $2B

By Al Barbarino

Simpson Thacher & Bartlett LLP-advised Teleflex Inc. said Tuesday it has agreed to sell several units to private equity firms Montagu and Kohlberg, and to Britain's Intersurgical Ltd., for a combined $2.03 billion in cash.

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Brookfield, Qatar Launch $20B AI Infrastructure Partnership

By Al Barbarino

Brookfield announced Tuesday that it is joining forces with a subsidiary of the Qatar Investment Authority on a $20 billion joint venture to develop artificial intelligence infrastructure in Qatar and select international markets, marking Brookfield's first such investment in the Middle East.

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POLICY

MVP: Davis Polk's Brian Wolfe

By Jade Martinez-Pogue

Brian Wolfe of Davis Polk & Wardwell LLP's mergers and acquisitions practice advised private equity shop Sycamore Partners through its behemoth $23.7 billion acquisition of Walgreens Boots Alliance, a deal that marked the third-largest leveraged buyout ever in the U.S., earning him a spot as one of the 2025 Law360 Mergers & Acquisitions MVPs.

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DELAWARE

Del. Justices Uphold Contract Bar On CityMD Merger Claims

By Jarek Rutz

The Delaware Supreme Court Tuesday affirmed the Chancery Court's dismissal of minority investors' claims tied to the 2023 merger of urgent care operator CityMD and Summit Health with Walgreens-controlled VillageMD, siding with private equity group Warburg Pincus and holding that the dispute is governed by contract rather than fiduciary-duty principles.

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Suns Seek $250M Capital Call Confirmation Amid Buyout Row

By Lauren Berg

The majority owner of the NBA's Phoenix Suns on Tuesday maintained that a $250 million capital call and a subsequent additional funding round this summer were properly issued under the LLC agreement, amid two minority owners' allegations of mismanagement in Delaware's Chancery Court.

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PEOPLE

Cooley Adds 30-Person Life Sciences IP Team From Dechert

By Christine DeRosa

A trio of Dechert LLP partners, including the co-chair of its global intellectual property practice, have joined Cooley LLP alongside a team of special counsel, associates and patent agents, the firm announced Tuesday.

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Latham Adds Energy Ace From Kirkland In Houston

By Lynn LaRowe

Latham & Watkins LLP has strengthened its mergers and acquisitions and private equity practice with a Houston-based partner who came aboard after more than a decade with Kirkland & Ellis LLP.

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EXPERT ANALYSIS

Recent Proposals May Spell Supervision Overhaul For Banks

A slew of rules recently proposed by the federal banking agencies with approaching comment deadlines would rewrite supervision standards to be further tailored to banks' size and activities, while prioritizing financial risks over process, documentation and other nonfinancial risks, say attorneys at Davis Wright.

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AI Evidence Rule Tweaks Encourage Judicial Guardrails

Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.

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LEGAL INDUSTRY

Analysis

Wanted: Temporary US Attorney, No Experience Needed

By Phillip Bantz

Frustrated by a string of court rulings disqualifying several of his U.S. attorney picks, President Donald Trump lamented recently that he might "just have to keep appointing people for three months and then just appoint another one, another one." Experts say the idea raises legal and practical issues.

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Jack Smith To Launch Firm With Willkie Partner, 2 Ex-Deputies

By Jack Rodgers

Jack Smith, the former Justice Department special counsel appointed to investigate President Donald Trump, is set to launch his own firm alongside two of his former top deputies and the co-chair of Willkie Farr & Gallagher LLP's investigations and enforcement practice.

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McIver's Immunity Disputed In Detention Center Assault Case

By Elizabeth Daley

Federal prosecutors asked a New Jersey federal judge to maintain all charges against U.S. Rep. LaMonica McIver, who was accused in an indictment of assaulting federal officers outside an immigration detention center during a scrum in which the mayor of Newark was arrested in May.

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Judge Bove Faces Complaint Over Trump Rally Attendance

By Courtney Bublé

U.S. Circuit Judge Emil Bove, who previously served as President Donald Trump's personal defense attorney and a top official at the U.S. Department of Justice, has been hit with a judicial misconduct complaint for his appearance at a Trump event on Tuesday night.

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Akerman Beats Healthcare Cos.' Bid To Escape Fee Suit

By Madison Arnold

Akerman LLP can continue its fees lawsuit against Rennova Health Inc. and other defendants after they lost their motion to dismiss the suit for being "facially time-barred, factually flawed and legally indefensible," a Florida state judge has ruled.

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AGs Say Judicial Safety Threats Reaching 'All-Time Highs'

By Matthew Santoni

Attorneys general for 43 states, three territories and the District of Columbia signed a letter to Congress urging more financial support for judicial security in the face of threats against judges, including funding for a program that lets judges scrub addresses and personal information from online databases.

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Foley Reelects Chairman And CEO Amid Record Growth

By Kevin Penton

A Detroit-based business attorney who has served as Foley & Lardner LLP's chairman and CEO since May 2022 is expected to continue in the role through 2030, the firm announced Wednesday.

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Retired Calif. Judge Censured For Case Delays

By James Mills

A now-retired California state appeals court judge was publicly censured Wednesday, and he has agreed to "not serve in a judicial capacity in the future" as part of a stipulation he entered with the state's judicial ethics watchdog, following its investigation into whether the judge mismanaged cases and caused a yearlong backlog.

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LAW FIRMS IN TODAY'S NEWS

Akerman LLP

Arnold & Porter

Baker Botts

Bathaee Dunne

Choate Hall

Cooley LLP

Davis Polk

Davis Wright Tremaine

Dechert LLP

Foley & Lardner

Kirkland & Ellis

Labaton Keller

Lankler Siffert

Latham & Watkins

Lathrop GPM

Morris Nichols

Nelson Mullins

O'Melveny & Myers

Potter Anderson

Quinn Emanuel

Rafferty Domnick

Ropes & Gray

Searcy Denney

Simpson Thacher & Bartlett LLP

Wachtell Lipton

White & Case

Williams & Connolly

Willkie Farr

Young Conaway

COMPANIES IN TODAY'S NEWS

Amazon.com Inc.

BlackRock Inc.

Boston University

CityMD

Comcast Corp.

Fort Point Capital

George Washington University

Google LLC

Harvard University

Home Box Office Inc.

Hulu LLC

Los Angeles Lakers

Macquarie Group Ltd.

Microsoft Corp.

NVIDIA Corp.

Netflix Inc.

OpenAI OpCo LLC

Phoenix Suns

Qatar Investment Authority

Skydance Media LLC

State Bar of California

Summit Health

Sycamore Partners Management LLC

TE Connectivity Ltd.

Teleflex Inc.

The Cigna Group

The University of Glasgow

University of Virginia

VillageMD

WNBA Enterprises LLC

Walgreens Boots Alliance Inc.

Warburg Pincus LLC

Warner Bros. Entertainment Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Commission on Judicial Performance

Delaware Court of Chancery

Federal Bureau of Investigation

Federal Deposit Insurance Corp.

Federal Reserve System

New Jersey Attorney General's Office

Office of the Comptroller of the Currency

U.S. Attorney's Office

U.S. Attorney's Office for the Southern District of New York

U.S. Department of Homeland Security

U.S. Department of Justice

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

U.S. District Court for the District of Columbia

U.S. District Court for the District of New Jersey

U.S. District Court for the Eastern District of Virginia

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

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

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

U.S. House of Representatives

U.S. Immigration and Customs Enforcement

U.S. Supreme Court