Patient engagement platform and payment services company Weave Communications Inc., led by Orrick Herrington & Sutcliffe LLP, on Tuesday revealed it will become a private company after it was acquired by Kirkland & Ellis LLP-advised private equity shop Francisco Partners in a $650 million deal.
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THURSDAY, AUGUST 20, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Orrick, Kirkland Steer Weave's $650M Take-Private

By Jade Martinez-Pogue

Patient engagement platform and payment services company Weave Communications Inc., led by Orrick Herrington & Sutcliffe LLP, on Tuesday revealed it will become a private company after it was acquired by Kirkland & Ellis LLP-advised private equity shop Francisco Partners in a $650 million deal.

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AI Biz Fort Robotics To Go Public Via $556.6M SPAC Deal

By Jade Martinez-Pogue

Fenwick & West LLP-advised tech company Fort Robotics Inc. on Tuesday announced plans to go public by merging with special purpose acquisition company Newbury Street II Acquisition Corp., led by Ellenoff Grossman & Schole LLP, in a deal that values the merged business at a pro forma enterprise value of $556.6 million.

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Greenberg Traurig-Led PE Shop Closes $440M Inaugural Fund

By Jade Martinez-Pogue

Greenberg Traurig LLP-advised Broadwing Capital Management said Tuesday that it has wrapped its inaugural fund with $440 million in tow.

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Rising Star: Debevoise's Katherine Durnan Taylor

By Anna Scott Farrell

Katherine Durnan Taylor of Debevoise & Plimpton LLP has advised on multiple multibillion-dollar transactions, helping private equity firm CD&R in a nearly $9 billion acquisition of healthcare technology company R1, and Warner Bros. Discovery in its $110 billion sale to Paramount Skydance — earning her a spot among the private equity law practitioners under age 40 honored by Law360 as Rising Stars.

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LITIGATION

​​​​​​​Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court last week tackled disputes involving multibillion-dollar mergers, corporate oversight, founder control, SPAC litigation, commercial contracts and attorney fees.

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Fla. Judge Wants More Public Info In SEC's PE Fraud Suit

By David Minsky

A Florida federal judge on Tuesday declined to grant the U.S. Securities and Exchange Commission's request to unseal court-appointed monitor reports of a private equity firm accused of fraud in a $1 billion fund, but said some information wasn't privileged and allowed the government to list what should be public.

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PE Music Rights Co. Sues Anthropic, Suno Over AI Training

By Bonnie Eslinger

Private equity music publisher Round Hill Music has sued Anthropic, Suno and web-scraping provider Bright Data in separate federal lawsuits in California, accusing the companies of "rampant commercial copying" of thousands of its copyrighted songs and lyrics without permission to build and train artificial intelligence systems.

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BANKRUPTCY

Franchise Group Trust Seeks $700M Over Take-Private Deal

By Jarek Rutz

The litigation trust created after Franchise Group Inc.'s bankruptcy on Tuesday sued the company's former CEO, advisers and others in the Delaware Chancery Court, accusing them of carrying out a fraudulent take-private deal that caused more than $700 million in damages.

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PEOPLE

DLA Piper Taps Weil Partner As New York PE Co-Lead

By Andrea Keckley

DLA Piper has announced it hired a Weil Gotshal & Manges LLP partner to co-lead its private equity practice in New York.

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EXPERT ANALYSIS

What B. Riley Dismissal Teaches About Governance Litigation

The same facts in litigation against B. Riley Financial produced three different outcomes in three courthouses, but the Court of Chancery's decision in Marchner v. B. Riley is the cleanest demonstration in years of why boards facing a government investigation often prepare for the wrong lawsuit, says Ashwin Ram at Buchalter.

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Upping Fed, FDIC's Insider Loan Cap May Ease Bank Burdens

Coordinated Federal Deposit Insurance Corp. and Federal Reserve proposals to raise the 1970s-era cap for bank executives borrowing from their institutions represent a long-needed regulatory recalibration that would lighten compliance obligations caused by the outdated ceiling without diminishing the original protections against conflicts of interest, say attorneys at Ballard Spahr.

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LEGAL INDUSTRY

Ex-Loeb & Loeb RE Pro Joins Greenberg Traurig In NYC

By Isaac Monterose

Greenberg Traurig LLP has hired former Loeb & Loeb LLP real estate partner Brian L. Helweil as a shareholder for its global real estate practice team in New York City, the firm has announced.

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SCOTUSblog Founder Goldstein Seeks Release During Appeal

By Rachel Rippetoe

SCOTUSblog founder Thomas Goldstein on Tuesday asked to be released from federal custody while he appeals his 12 tax and mortgage fraud convictions and a six-year prison sentence, saying he is not a flight risk and it would be a "grave injustice" for him to begin a sentence he believes will eventually get axed.

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Q&A

Nutter Leader Eyes Fla. Growth, AI-Driven Billing Shift

By Chris Villani

After overseeing Nutter McClennen & Fish LLP's expansion into New York City, California and Hawaii, co-managing partner Michael Scott is setting his sights on extending the firm's footprint into Florida within the next year and leveraging the power of artificial intelligence to lower clients' bills.

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Atty, Ex-Mentor Settle After Harassment, Bias Suit Dismissed

By Melanie Dorsey

An attorney whose sexual harassment and employment discrimination suit against her former mentor was thrown out last month for repeated discovery violations has reached a settlement resolving the remaining claims and counterclaims in the case.

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Atty, Son Charged In Probe Of Alleged Penn State Drug Ring

By Rose Krebs

An equity partner based in Meyer Darragh Buckler Bebenek & Eck PLLC's Pittsburgh office has been charged with tampering with evidence and obstructing an investigation in connection with an alleged cocaine ring at Penn State University that allegedly involved his son, according to news reports.

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Fed. Circ. Rejects Patent Marking Immunity For NPEs

By Dani Kass

Nonpracticing entities hoping for presuit damages can't get out of Patent Act requirements to mark products with patent information just because licensees don't believe their products infringe, the Federal Circuit held Wednesday.

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Jackson Walker Says US Trustee Can't Claw Back Legal Fees

By Clara Geoghegan

Jackson Walker said this week that the U.S. Department of Justice's bankruptcy watchdog is beyond the bounds of its authority in a yearslong effort to force the firm to return millions of dollars in legal fees over an undisclosed relationship between a former partner and a Texas bankruptcy judge.

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Ex-US Attys Protest Trump's Swift Firing Of Rogoff In Seattle

By Rachel Riley

Thirty former U.S. attorneys backed Roger Rogoff's bid for reinstatement as Seattle's top federal prosecutor after President Donald Trump fired him on the heels of his court-ordered appointment, arguing Tuesday that Trump is trying to "sidestep the Senate's advice-and-consent role and sideline the judiciary" by letting unappointed individuals play such roles.

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Sinema Says Brief Signal Chat Can't Anchor NC Affair Suit

By Hayley Fowler

A single exchange on the encrypted messaging app Signal became the focal point of former Arizona U.S. Sen. Kyrsten Sinema's testimony on Wednesday as she sought to convince a North Carolina federal judge that she cannot be hauled into court in the Tar Heel state over an affair — which she declined to characterize as a "passionate" romance — she had with her married security guard.

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Polsinelli Can't Rep Doctor In 'Bad Faith' IP Suits, Cos. Say

By Lauren Berg

Two medical device companies suing Polsinelli PC and its longtime client, a patent-holding doctor, for allegedly pursuing "bad faith" infringement claims asked federal courts in Tennessee and Mississippi to disqualify the firm from defending the doctor in the lawsuits, citing their "diverging interests and liabilities."

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Davis Wright Vets Scolded: Don't Tell Foes 'How To Run Firm'

By Jeff Overley

Davis Wright Tremaine LLP veterans have failed to dodge six-figure sanctions in a prominent discovery donnybrook, and a California magistrate judge added invective to the financial injury, lambasting "troubling" omissions in case citations and heavy-handed "nitpicking" akin to commandeering an adversary's law firm.

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USPTO Says Patent Atty's Suit Shouldn't Stop Discipline Case

By Theresa Schliep

The U.S. Patent and Trademark Office has said an Ohio federal court shouldn't pause professional discipline proceedings against an attorney while he sues the agency, saying he's likely to fail with his suit challenging the fact that a judge from another agency is overseeing his discipline case.

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COMPANIES IN TODAY'S NEWS

APC

Agility Robotics

American Bar Association

Anthropic PBC

Archer Aviation Inc.

B. Riley Financial Inc.

BDO LLP

BDO USA LLP

Billabong Inc.

Cerberus Capital Management LP

Cloudflare Inc.

DoorDash Inc.

Electrical Components International Inc.

Fort Point Capital

Francisco Partners

Google LLC

H.I.G. Capital LLC

Irradiant Partners

Jefferies Financial Group Inc.

Kentucky Downs LLC

Liberty Tax

LinkedIn Corp.

McDonald's Corp.

Meta Platforms Inc.

Mudrick Capital Management LP

Nasdaq Inc.

Netflix Inc.

Pet Supplies Plus LLC

Prologis Inc.

Round Hill Music

ServiceTitan Inc.

Skydance Media LLC

Spotify Technology SA

The Boeing Co.

United Food & Commercial Workers International Union

Verisk Analytics Inc.

Vitamin Shoppe Inc.

Volkswagen AG

W.S. Badcock Corp.

Warner Bros. Discovery Inc.

YouTube Inc.

LAW FIRMS IN TODAY'S NEWS

Adams & Reese

Ashurst Perkins

Ballard Spahr

Brennan Manna

Buchalter LLP

Cooley LLP

DLA Piper

Davis Wright Tremaine

Debevoise & Plimpton

Egerton McAfee

Ellenoff Grossman

Fenwick & West

Finnegan

Foley & Lardner

Gallivan White

Greenberg Traurig

HKM Employment Attorneys

Hagens Berman

Hogan Lovells

Hughes Hubbard

Kienbaum Hardy

Kirkland & Ellis

Law Office of Liz Freeman

Levine Kellogg

Loeb & Loeb

Lomax Legal

McCabe & Ali

Meyer Darragh

Munger Tolles

Norton Rose

Nutter McClennen

Olsman MacKenzie

Orrick Herrington

Phelps Dunbar

Polsinelli PC

Powell Firm

Poyner Spruill

Ramey LLP

Rosing Pott

Rusty Hardin

Scott & Corley

Skaggs Faucette

Smith Krivoshey

Temperance Legal Group

Van Camp Meacham

Weil Gotshal

Weltz Kakos

Williams Mullen

Willkie Farr

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Executive Office of the President

Federal Deposit Insurance Corp.

Federal Reserve System

Federal Trade Commission

Internal Revenue Service

Pennsylvania Attorney General's Office

U.S. Attorney's Office for the Central District of California

U.S. Attorney's Office for the Northern District of Ohio

U.S. Court of Appeals for the Federal Circuit

U.S. Court of Appeals for the Fourth Circuit

U.S. Department of Housing and Urban Development

U.S. Department of Justice

U.S. District & Bankruptcy Courts of Southern District of Texas

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

U.S. District Court for the District of Maryland

U.S. District Court for the District of Massachusetts

U.S. District Court for the District of Minnesota

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

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

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

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 Texas

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

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

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

U.S. House of Representatives

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the Northern District of Ohio