FDIC Sees Surging Growth In Bank Lending To Nonbanks

By Jon Hill

The Federal Deposit Insurance Corp. said Thursday that bank loans to private equity, private credit and other nonbanks reached $1.4 trillion last year, identifying it as the fastest-growing category of lending for banks since the 2008 financial crisis.

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Dechert Leads StepStone On $1.58B Credit Fund

By Jade Martinez-Pogue

Dechert LLP-led private investment firm StepStone Group Inc. on Thursday revealed that it wrapped fundraising for its second credit fund well above target after securing $1.58 billion in commitments.

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FTC Cuts Deal To End Anesthesia Group Rollup Case

By Matthew Perlman

The Federal Trade Commission reached an agreement Thursday to settle its case accusing U.S. Anesthesia Partners Inc. of monopolizing the Texas anesthesia services market by purchasing most of the competing anesthesia practices in the state.

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Defense Parts Maker Elmet Group Prices Upsized $120M IPO

By Jade Martinez-Pogue

Private equity-backed defense parts manufacturer The Elmet Group Co. began trading publicly on Thursday after raising $120 million in its upsized initial public offering, steered by Ellenoff Grossman & Schole LLP and Thompson Coburn LLP.

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T-Mobile Tie-Up, Boots IPO Among Week's Top Deal Rumors

By Al Barbarino

Deutsche Telekom AG could merge with its American arm T-Mobile to create a global phone giant, digital bank Revolut envisions a $200 billion valuation for its potential initial public offering in 2028, and the owners of U.K. pharmacy chain Boots consider a public offering of their own. 

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Burtech's 2nd SPAC Eyes $100M IPO To Launch Deal Hunt

By Nate Beck

A blank-check company targeting industries such as hospitality, technology and real estate to raise up to $100 million in an initial public offering advised by Loeb & Loeb LLP, Norton Rose Fulbright LLP and Ogier.

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OFAC Signals Sanctions Diligence Can't Stop At 50% Rule

Recent guidance from the Office of Foreign Assets Control, along with several enforcement actions looking beyond the 50% formal ownership requirement, sends a clear message that sanctions due diligence must consider a variety of factors, including degree of control, practice of actual dealings and the involvement of proxies, say attorneys at Jenner & Block.

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Series

Officiating Football Makes Me A Better Lawyer

Though they may seem to have little in common, officiating football has sharpened many of the same skills that define effective lawyering in management-side labor and employment: preparation, judgment, composure, credibility and ability to make difficult decisions in real time, says Josh Nadreau at Fisher Phillips.

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DLA Piper Clears Vote To End Verein, Unify Leadership

By Tracey Read

DLA Piper announced Friday that firm partners on both sides of the Atlantic have "overwhelmingly approved" a plan to dissolve its Swiss verein structure effective May 1.

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Exclusive

Judge Albright Reflects On 8 Years Shaping Patent Law

By Dani Kass

U.S. District Judge Alan Albright will be walking away from the Western District of Texas at the end of the summer, ready to head back into patent litigation work. He talked with Law360 on Friday about the rockier elements of his judgeship and lessons he'll take into private practice.

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Commerce Department's General Counsel Departs

By Christine DeRosa

The U.S. Department of Commerce's general counsel has left the agency after just over a year, the agency confirmed on Friday.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

In what may be a first, a federal judge has ordered BJ's Wholesale Club to put an investor's climate-related proxy proposal up for a vote of the shareholders at the company's annual meeting. And a new study shows that more in-house counsel are staying in place despite pay increases slowing amid less competition for talent.

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Law360's Legal Lions Of The Week

By Kevin Penton

Consovoy McCarthy PLLC, Butler Prather LLP, Bowen Painter LLC and Cannella Snyder LLC lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court ruled that Fluor Corp. can be held liable for a veteran's state-based injury claims stemming from a 2016 suicide bombing in Afghanistan.

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UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

The past week in London has seen a Hong Kong company sue the government and a COVID-19 PPE company linked to Tory peer Michelle Mone, an oligarch bring a fresh claim against a rival in a long-running feud, a rugby league club sue over a canceled mass dance event, and Visa and Mastercard hit with legal action from H&M, Eurostar, and Bang & Olufsen. Here, Law360 looks at these and other new claims in the U.K.

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Oregon Lawyer Ordered To Pay Attorney Fees For Use Of AI

By Matt Perez

An Oregon attorney was sanctioned by a state appellate court for filing a brief containing a fabricated list of authorities because she used generative artificial intelligence, marking the first case in the jurisdiction to present the option of awarding attorney fees as a sanction as opposed to fines payable to the court.

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Akin Can't 'Recast' Appeal As Good-Faith Effort, 9th Circ. Told

By Lauren Berg

A European winemaker slammed attempts by a U.S. importer and its Akin Gump Strauss Hauer & Feld LLP attorneys to "recast a frivolous appeal as a good-faith effort," saying they should have to pay monetary sanctions for pursuing what the Ninth Circuit called a "self-indulgent" appeal of a valid arbitration award.

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Atty, Brother Say Father's Last Will Altered In Secret

By Emily Sawicki

A Blank Rome LLP attorney and his brother have sued the attorney who executed their father's will in New Jersey federal court, alleging the lawyer preyed on their ailing father toward the end of his life to alter his beneficiaries through undue influence, forgery and fraud.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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