Debevoise Guides EQT On €1B European Satellite Biz Funding

By Dawood Fakhir

Investment giant EQT said Wednesday that it co-led a €1 billion ($1.15 billion) funding round for Finnish aerospace startup Iceye through its newly launched Scaleup Europe Fund, a day after the European Commission said the vehicle would begin making investments.

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G Squared Closes Largest Fund Yet With $2.3B In Tow

By Jade Martinez-Pogue

Private secondary market-focused venture capital firm G Squared revealed Wednesday that it wrapped its seventh flagship fund with $2.3 billion in capital commitments, marking the firm's largest fund to date.

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PE-Backed Chemicals-Maker GChem To Be Sold In $850M Deal

By Al Barbarino

ContextLogic Holdings Inc. and affiliates will purchase chemicals-maker gChem from EagleTree Capital and co-investors at an $850 million enterprise value, the companies announced Wednesday. 

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Simpson Thacher Witness Takes Aim At PIPE Stocks Claim

By Madison Arnold

Simpson Thacher & Bartlett LLP wrapped up its defense Wednesday to a Florida state malpractice suit from the founder of Patriot National Inc. over the firm's handling of a private investment in public equity transaction, with a stock market expert testifying that short selling stock allowed under the deal didn't lead to the insurance services company's downfall.

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Fenwick-Led Attovia Therapeutics Prices Upsized $289M IPO

By Jade Martinez-Pogue

Early-stage biotechnology company Attovia Therapeutics hit the public markets on Wednesday after it raised $289 million in its upsized initial public offering.

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Investors Say Transportation Biz HGIM Ignored Books Demand

By Jarek Rutz

Three investment funds affiliated with Black Diamond Capital Management have sued HGIM Corp. in Delaware's Court of Chancery, accusing the marine transportation company of stonewalling their request to inspect corporate records tied to CEO Shane J. Guidry's push for majority control of the company.

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Brief

Loomis Sayles Pulls Plug On $70M Suit Against Citi

By Jessica Corso

Loomis Sayles said Wednesday that it was dropping a lawsuit accusing Citigroup Global Markets of causing $70 million in trading losses when it fulfilled trades in shares of Shopify Inc. and Colgate-Palmolive Co. in violation of "best execution" practices.

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Brief

High Court To Hear Intel 401(k) Suit Arguments In October

By Patrick Hoff

The U.S. Supreme Court has set an October date for oral arguments in an appeal from Intel workers who argued the Ninth Circuit imposed too strict a standard when it upheld the dismissal of their lawsuit alleging their retirement savings were dragged down by underperforming investment options.

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Brown Rudnick Adds 34 Attys, Will Open Silicon Valley Office

By Daniel Moritz-Rabson

Brown Rudnick LLP announced on Wednesday that it had lured a 34-attorney intellectual property litigation group from Herbert Smith Freehills Kramer LLP and would be opening a Silicon Valley office with many of those lawyers.

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Law Grad Employment Remains High As BigLaw Drives Hires

By Aebra Coe

Class of 2025 law school graduates posted near-record high employment rates, with large law firms hiring more graduates than any other industry category as federal government hiring experienced a significant decline, according to new data released Wednesday.

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Analysis

These Firms Are Picking Up The Most PTAB Work

By Theresa Schliep

Intellectual property heavyweight Fish & Richardson PC remains the busiest firm in front of the Patent Trial and Appeal Board, as it again secured the top spot on a list of firms with the most PTAB trials over the past three years.

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Murdaugh Loses Jury Tampering Suit Against Ex-Court Clerk

By Jake Maher

A South Carolina federal judge on Wednesday dismissed disgraced attorney Alex Murdaugh's jury tampering suit against a former court clerk who was found to have interfered in his murder trial, ruling there was no connection between his alleged damages and the ex-clerk's misconduct.

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New Mexico Joins States With Alternative Atty License Paths

By Jack Karp

Law school graduates will soon be able to earn their license to practice in New Mexico by working under an attorney's supervision and demonstrating their legal skills rather than by taking the bar exam, the state's Supreme Court chief justice told Law360 Pulse on Wednesday.

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New Mexico Says Blanche, DOJ Blocked Epstein Ranch Probe

By Lauren Berg

The state of New Mexico asked a Washington, D.C., federal court Wednesday to force the U.S. Department of Justice to hand over unredacted Jeffrey Epstein investigative files, saying it needs the materials for its own investigation of alleged crimes at the late sex offender's Santa Fe County ranch.

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Texas Firm Lands $150M HHS Services Deal For Migrant Kids

By Britain Eakin

The U.S. Department of Health and Human Services said it has entered into a $150 million contract with a small Texas law firm to provide legal services to unaccompanied immigrant children, raising concerns from former subcontractors about the firm's experience with immigration matters.

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Conn. Atty To Fork Over $3,500 For AI Errors In Taco TM Beef

By Brian Steele

A Connecticut federal judge imposed a $3,500 fine on a defense attorney who submitted two motions riddled with AI-generated mistakes in a taco restaurant's trademark battle, finding that although the lawyer expressed remorse and promised to make changes to his verification process, he still showed "subjective bad faith."

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Sierra Leone Isn't Responding To Its Own Attys, Judge Told

By Aneeta Mathur-Ashton

A second law firm now says it is being iced out by the government of Sierra Leone in a yearslong legal battle that began over the country's dispute with a U.K.-based mining company.

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NY Legal Aid Union Averts Strike After 4 Months Of Talks

By Andrea Keckley

Another New York legal aid union has reached a deal with its organization's management, averting the possibility of a strike after its contract and those of four other unions expired at the end of June.

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CREXi Wants 9th Circ. To Undo Quinn Emanuel CoStar Row DQ

By Bryan Koenig

Commercial Real Estate Exchange Inc. doesn't want to replace Quinn Emanuel Urquhart & Sullivan LLP after a California federal judge disqualified the firm from defending a copyright infringement suit by CoStar, seeking Ninth Circuit intervention and a pause on the district court case.

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