The holding company of the MLB's New York Yankees on Tuesday revealed a $2.6 billion financing agreement with affiliates of Apollo Sports Capital in a deal built by three law firms.
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WEDNESDAY, AUGUST 12, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Apollo Sports Capital Plugs $2.6B Into NY Yankees

By Jade Martinez-Pogue

The holding company of the MLB's New York Yankees on Tuesday revealed a $2.6 billion financing agreement with affiliates of Apollo Sports Capital in a deal built by three law firms.

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6 Firms Steer CA$6.7B Sale Of H&R REIT

By Jade Martinez-Pogue

Toronto-based H&R Real Estate Investment Trust announced Tuesday it has agreed to be acquired by GO Residential Real Estate Investment Trust and a consortium of buyers, in a deal that has a CA$6.7 billion ($4.8 billion) enterprise value and was built by six law firms.

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Canadian Banks Selling Moneris To Francisco For $1.4B

By Al Barbarino

Toronto-based payments company Moneris Solutions Corp. has agreed to be acquired by Francisco Partners Management LP for about CA$2 billion ($1.44 billion), as joint owners Bank of Montreal and Royal Bank of Canada look to exit the business while keeping commercial ties, the companies said Monday.

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Simpson Thacher Guides Apax Deal With Goldman Sachs Unit

By Dawood Fakhir

British private equity firm Apax Partners has said its funds have agreed to sell Tosca, a food logistics services company, to a subsidiary of the alternative investments arm of Goldman Sachs Asset Management after almost a decade of ownership.

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Nvidia, 6 Partners Plan $500B In AI Infrastructure Financing

By Isaac Monterose

Nvidia has partnered with Goldman Sachs, KKR, Apollo Management, BlackRock, Brookfield and Blackstone to spend more than $500 billion in "third-party capital" on building artificial intelligence infrastructure, the technology company announced.

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LITIGATION

Heated Cholula Fans Say McCormick Ruined Famous Sauce

By Jonathan Capriel

Cholula Hot Sauce lovers are steaming after McCormick & Co. allegedly diluted the popular brand, replacing its "authentic, traditional Mexican ingredients" with "lab-produced" ones, according to a consumer-led proposed class action filed in New York federal court.

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VC Fund Says SEC Has Spun 'Innocent' Lapses Into Fraud

By Carolina Bolado

Venture capital firm Backswing Ventures GP LLC has urged a Florida federal court to dismiss a U.S. Securities and Exchange Commission suit, arguing the SEC has spun "innocent administrative lapses" into an alleged fraud despite evidence to the contrary.

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Del. Chancery Keeps Power Plant Duty Claims Alive

By Jarek Rutz

The Delaware Chancery Court on Tuesday largely refused to dismiss the remaining claims in a lawsuit accusing Strategic Value Partners LLC and GenOn Holdings Inc. of engineering the transfer of a Pennsylvania power plant opportunity away from insolvent Heritage Power companies and their creditors.

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Plumbing Co. To Pay $13.75M To End ESOP Suit

By Patrick Hoff

A plumbing subcontracting company will pay $13.75 million to settle workers' class action alleging its co-founders sold company shares to an employee stock ownership plan at an inflated price and later repurchased them for far less, according to a filing in California federal court.

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LEGAL INDUSTRY

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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9th Circ. Would Lose 5 States In Latest Reorganization Bid

By Courtney Bublé

Republicans are once again trying to break up the U.S. Court of Appeals for the Ninth Circuit, which has long been dominated by judges appointed by Democratic presidents.

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Goldstein Unveils Cooley Appeal Team

By Jared Foretek

Thomas Goldstein has unveiled an experienced lineup of appellate lawyers he'll turn to in his bid to overturn 12 tax and mortgage fraud convictions, featuring several attorneys with extensive U.S. Supreme Court experience.

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Texas Firm Withdraws From $150M Deal To Rep Migrant Kids

By Madeline Lyskawa

A Texas law firm has withdrawn from consideration for a $150 million award from the U.S. Department of Health and Human Services to provide legal services to unaccompanied migrant children in government custody.

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Missed Step Could Vex Ex-Duane Morris Client's Appeal

By P.J. D'Annunzio

A Pennsylvania Superior Court panel on Tuesday quizzed counsel for a businessman accusing Duane Morris LLP of legal malpractice in a trade secrets case on whether documents he claimed were privileged had been properly put before the trial judge for consideration.

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Ogletree Says Equinox Owes $1.4M In Unpaid Legal Bills

By Hailey Konnath

Ogletree said Monday that fitness company Equinox owes nearly $1.4 million in fees and expenses for the firm's work representing it in an employment matter in Los Angeles, according to a complaint filed in California federal court.

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Brief

Calif. Subclass Added To Fox Rothschild Data Breach Suit

By Emily Sawicki

A California resident seeking to represent a subclass of Golden State data breach victims on Tuesday asked to add a new California Consumer Privacy Act claim to a proposed Pennsylvania class action first filed against Fox Rothschild LLP in June, after prominent ransomware group Silent Ransom Group targeted the firm.

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DOJ Says Executive Privilege May Apply To Private Advisers

By Emily Sawicki

The president's communications with outside advisers may be shielded by executive privilege, so long as they are confidential and relate to official decision-making, the U.S. Department of Justice said in its latest advisory opinion.

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COMPANIES IN TODAY'S NEWS

American Bar Association

Apax Partners

Axtria

BSI Financial Services Inc.

Bank of Montreal

BlackRock Inc.

Burke Inc.

Clearfield Inc.

Deutsche Bank AG

Equinox Holdings Inc.

Francisco Partners

Instagram Inc.

JPMorgan Chase & Co.

LinkedIn Corp.

Major League Baseball Inc.

McCormick & Co. Inc.

NVIDIA Corp.

New York City Football Club LLC

New York Yankees

Northern Mariana Islands Retirement Fund

Public Service Enterprise Group Inc.

Reddit Inc.

Royal Bank of Canada

S&P Global Inc.

Strategic Value Partners LLC

TMX Group Ltd.

The Goldman Sachs Group Inc.

U.S. Committee for Refugees and Immigrants

William Blair & Co. LLC

LAW FIRMS IN TODAY'S NEWS

Bennett Jones

Blake Cassels

Byrd Campbell

Cohen Milstein

Cooley LLP

Davis Polk

Duane Morris

Elsberg Baker

Federman & Sherwood

Fox Rothschild

Fried Frank

Gibson Dunn

Gordon Rees

Goulston & Storrs

Groom Law Group

Hangley Aronchick

Katten Muchin

Kirkland & Ellis

Kopelowitz Ostrow

Latham & Watkins

Laukaitis Law

Martin LLP

McDermott Will & Schulte

Middlebrook Group PLLC

Milberg PLLC

Miller Thomson

Morris Nichols

Ogletree Deakins

Osler Hoskin

Parker Milliken

Paul Weiss

Procopio Cory

Pryor Cashman

Reese LLP

Shamis & Gentile

Sidley Austin

Simpson Thacher & Bartlett

Skadden Arps

Steve Harvey Law

Stikeman Elliott

Torys

Young Conaway

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Executive Office of the President

Federal Bureau of Investigation

Food and Drug Administration

Internal Revenue Service

Los Angeles Superior Court

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Department of Commerce

U.S. Department of Health and Human Services

U.S. Department of Justice

U.S. Department of the Interior

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

U.S. District Court for the Eastern District of New York

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

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

U.S. Environmental Protection Agency

U.S. Securities and Exchange Commission

U.S. Supreme Court