Simpson Thacher-Led Franklin Templeton Wraps $1.5B CFO

By Jade Martinez-Pogue

Simpson Thacher & Bartlett LLP-advised investment firm Franklin Templeton on Thursday announced that it closed its inaugural collateralized fund obligation with $1.5 billion in committed capital from global investors.

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Q&A

Lakers Sale Fight Offers M&A Lessons For Family Businesses

By Al Barbarino

The agreement by former Walt Disney Co. CEO Bob Iger and venture capitalist Josh Kushner to acquire the Los Angeles Lakers at a record $12.5 billion valuation appeared, at first, to be another example of the seemingly endless rise in professional sports franchise values.

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Rising Star: Sidley's Mark Castiglia

By Daniel Moritz-Rabson

In recent years, Sidley Austin LLP partner Mark Castiglia has co-led teams advising Clearlake Capital Group LP's take-private acquisition of data and analytics company Dun & Bradstreet Holdings Inc., Clearlake's take-private acquisition of data analytics platform Alteryx Inc. and Clearlake's majority growth investment in medical practice software as a service provider ModMed, earning him a spot among the private equity practitioners under age 40 honored by Law360 as Rising Stars.

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Entertainment-Focused VC Firm Wraps $250M Fund

By Jade Martinez-Pogue

Interactive entertainment-focused venture capital firm Makers Fund on Thursday revealed that it has closed its latest fund with $250 million in tow, bringing the firm's total assets under management to $1.5 billion.

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Deals Rumor Mill

KKR Lobs $9B Takeover Offer At UGI, Plus More Rumors

By Jade Martinez-Pogue

Private equity behemoth KKR offered to acquire natural gas distributor UGI Corp. for $9 billion, fast-fashion company Shein is eyeing a $25 billion valuation ahead of its anticipated Hong Kong initial public offering, and e-commerce giant Alibaba sold its game developer business to Trustar Capital in a $2 billion deal. Here, Law360 breaks down the notable deal rumors from the past week.

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Lenders Sue Over $1M Loan Tied To Cannabis Farm

By Jonathan Capriel

A group of California lenders is trying to claw back a $1 million loan that was supposed to launch a cannabis farm in Miranda, claiming they learned too late that the property had already lost its permits to grow and that the borrowers had misused most of the loan proceeds.

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Series

Being In A Band Made Me A Better Lawyer

Playing shows in storied New York City venues and rehearsing with my bandmates in poorly ventilated rooms helped develop the professional qualities I rely on as a litigator, including an ability to collaborate with strong-minded equals and the determination to treat each client with singular focus, says Eliad Shapiro at Herrick Feinstein.

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How Does In-House Pay Compare? Take The Law360 Survey

How do in-house salaries vary across industries, roles, and organizational revenue? What compensation tools are companies using to lure top talent? Help Law360 Pulse answer these questions and more in this year's In-House Compensation Survey.

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TikTok's Ex-Legal Head Made Racist Comments, Suit Says

By Bonnie Eslinger

TikTok and its former head of global legal operations have been accused in a California state court lawsuit of harassment and discrimination based on race and sex by a former legal department employee who claims the executive subjected her and other nonwhite colleagues to an "unrelenting campaign of harassment."

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Meta Atty 'Absolutely Wrong' On Client Privilege, Judge Warns

By Dorothy Atkins

With trial dark Thursday due to juror illness, a California judge overseeing states' claims that Meta Platforms Inc. hid social media's harms heard arguments over evidence, at one point criticizing Meta's efforts to assert attorney-client privilege and calling the company's in-house lawyer "absolutely wrong" about the appropriate standard.

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Uber Gets Greenlight On Most Fraud Claims Against LA Firms

By Hailey Konnath

A California federal judge Wednesday largely rejected two Los Angeles personal injury firms' attempts to ditch Uber's suit claiming it's being targeted by a scheme involving fraudulent personal injury claims, finding Uber has plausibly alleged that the firms schemed with a surgeon to rack up medical costs.

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Trump Taps DOJ Official, ND Solicitor General For Judgeships

By Courtney Bublé

President Donald Trump announced Thursday he's tapping Jesus Osete, a top U.S. Department of Justice official, to serve on the Western District of Missouri and Philip Axt, solicitor general of North Dakota, for the District of North Dakota.

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Jay-Z Appeals Buzbee Win In Rapper's Defamation Suit

By Rae Ann Varona

Music mogul Jay-Z's counsel fought uphill Thursday to convince a California state appeals court to revive claims that Texas attorney Tony Buzbee defamed and extorted him by roping him into a sexual abuse suit against Sean "Diddy" Combs, arguing in court that a trial court erroneously read evidence in Buzbee's favor.

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CREXi Drops 9th Circ. Challenge To Quinn Emanuel DQ

By Isaac Monterose

Property listing company Commercial Real Estate Exchange Inc. has moved to dismiss its own Ninth Circuit mandamus petition, which challenged a lower court's disqualification of CREXi's counsel, Quinn Emanuel Urquhart & Sullivan LLP, from a legal battle against rival CoStar.

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Eastman Among 16 Calif. Attys Disbarred In Q2 2026

By Emily Sawicki

The State Bar of California removed the licenses of 16 attorneys between April and June of this year over a broad spectrum of ethical breaches ranging from the high-profile case of John Eastman attempting to overturn the results of the 2020 presidential election, to a lawyer found to be in possession of child sex abuse images.

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