Kirkland, Paul Weiss Guide Bain's €7.4B VW Unit Deal

By Najiyya Budaly

U.S. investment company Bain Capital will buy a majority stake in Volkswagen's marine and power engines subsidiary Everllence in a deal valued at €7.4 billion ($8.4 billion), the companies said Thursday.

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Fintech Airwallex Valued At $11B After $320M Funding Round

By Jade Martinez-Pogue

Airwallex on Thursday announced that its valuation hit $11 billion after it raised $320 million in the latest investor funding round, capital that the fintech firm said will be used to grow its teams, speed up product development across autonomous finance and agentic commerce, and expand infrastructure.

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White & Case Leads Aerospace Parts Biz's Upsized $919M IPO

By Jade Martinez-Pogue

Aerospace engine maker DPC Holdings, known as Doncasters Group, hit the public markets on Thursday after raising $919 million in its upsized initial public offering.

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Brokerage Workers Say $1.05B Sale Shortchanged Them

By Jarek Rutz

A proposed class action in Delaware Chancery Court alleges the founders and directors of insurance brokerage startup Newfront Insurance Holdings Inc. breached fiduciary duties by forcing employee shareholders to accept inferior merger consideration and restrictive employment conditions in the company's $1.05 billion sale to Willis Towers Watson PLC.

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Ellenoff, Morgan Lewis Lead NuCube's $500M Go-Public Deal

By Elaine Briseño

Nuclear technology business NuCube Energy Inc., valued at $500 million, announced Thursday that it will become a publicly listed company through its merger with blank check company Launch Two Acquisition Corp., in a deal steered by Ellenoff Grossman & Schole LLP and Morgan Lewis & Bockius LLP.

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Deals Rumor Mill

Paramount Preps JV Divestiture, Bumble Eyes Sale, And More

By Al Barbarino

Paramount is preparing to divest its film distribution joint venture with Universal Pictures as part of an effort to appease European regulators, as the company looks to close its planned $110 billion of acquisition of Warner Bros. following U.S. approvals, according to a Reuters report. Among other notable reports, Abu Dhabi's MGX has raised nearly $50 billion for an AI-investment venture, apparel company Reformation is said to be preparing for an IPO, and the dating app Bumble may be mulling a sale. 

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Capitalizing On Increased Retail Access To Alternative Assets

The recent extension of co-investment relief to open-end funds represents the latest regulatory action aimed at providing retail investors with meaningful private market opportunities — a trend that means alternative asset managers should develop and deploy a retail strategy to capture this emerging capital source, say attorneys at Willkie.

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Is The SEC Entering Fight Over Prediction Market Oversight?

The U.S. Securities and Exchange Commission had remained largely silent on prediction market regulation until last week, but that trend may be changing, as many event contracts could qualify as security-based swaps, which are subject to the SEC's oversight under current definitions, say attorneys at Bradley Arant.

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Series

Moshing Makes Me A Better Lawyer

Entering a mosh pit is much like entering the practice of law — it is difficult, you have to know both the written and unwritten rules, and conduct yourself according to the expectations of each community, says Christopher Deubert at Constangy Brooks.

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Groombridge Wu Tops Milbank Pay Scale For Associates

By Kevin Penton

Groombridge Wu Baughman & Stone LLP is the latest firm to top the pay scale for associates announced earlier this month by Milbank LLP, with attorneys set to earn as much as $470,000.

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Senate Confirming Judges Faster Than In Trump's 1st Term

By Courtney Bublé

The Senate has confirmed 45 judges in the second Trump term, outpacing the rate of his first administration, Senate Republicans announced on Thursday.

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Attys Urged To Challenge Clients Who Demand AI Research

By Aaron Keller

A Connecticut federal judge urged attorneys during a Thursday sanctions hearing to push back against clients who demand lawyers use generative artificial intelligence tools to conduct legal research, saying the technology is no substitute for professional judgment and discretion because it "aims to please" and can misstate the law.

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Lack Of Evidence Sinks Insurance Fraud Case, Atty Says

By Emily Sawicki

A Louisiana law firm and lawyer found guilty of criminal conspiracy and wire fraud for staging vehicle crashes as part of a scheme to defraud insurance carriers and trucking companies are seeking acquittal or a new trial, arguing that federal prosecutors failed to support their claims with evidence.

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SCOTUSblog Founder Goldstein Blasts 'Inflated' DOJ Tax Math

By Jared Foretek

Convicted SCOTUSblog founder Tom Goldstein and federal prosecutors are clashing again over their dramatically divergent sentencing recommendations, with the defense accusing the government of presenting a "one-dimensional caricature" of the famed lawyer in seeking an eight-year sentence, and prosecutors accusing him of potentially deleting "secret chats" with his gambling backers.

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Feds Say Would-Be Kavanaugh Assassin Was Let Off Easy

By Nadia Dreid

Both federal prosecutors and a Stephen Miller-founded public interest group believe that a Maryland federal judge let a woman accused of trying to kill U.S. Supreme Court Justice Brett Kavanaugh off too easy because of her gender identity and want the Fourth Circuit to order resentencing.

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Quinn Emanuel Says 3M Fee Proposal Undervalues Its Work

By Carolina Bolado

Quinn Emanuel Urquhart & Sullivan LLP has objected to a special master's recommendation on the allocation of common benefit fees in the $6 billion settlement that ended multidistrict litigation against 3M over allegedly faulty combat earplugs, saying the amount doesn't value the "length, extent and impact" of the firm's work.

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