EQT To Buy US Property Investment Manager For $550M

By Dawood Fakhir

EQT AB said Thursday that it has agreed to buy U.S. real estate investment manager Stockbridge for up to $550 million to expand its property sectors, investment products and client base in America.

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4 Firms Steer $6.1B CCC Intelligent Solutions Take-Private

By Al Barbarino

Four law firms are advising on an agreement announced Thursday to take insurance software provider CCC Intelligent Solutions Holdings Inc. private at an enterprise value of about $6.1 billion.

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OrbiMed Closes 2 Latest Funds With Combined $3B In Tow

By Jade Martinez-Pogue

Healthcare-focused investment firm OrbiMed on Thursday revealed that it has secured $3 billion of investor commitments across its two latest private equity funds.

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NYC Comptroller Urges Anthropic To Ease Risks Before IPO

By Nate Beck

New York City Comptroller Mark Levine is urging Anthropic PBC to pause plans for an initial public offering it says could value the company at $2 trillion, calling on the business to first resolve concerns over the technology's governance, safety and development pace.

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Exec Who Tried To Buy UK Soccer Club Cops To $500M Fraud

By Pete Brush

A Florida executive who once tried to buy England's Everton soccer club told a New York federal judge Thursday that he engaged in a large-scale financial sham, copping to fraud charges ahead of his scheduled Monday trial.

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Deals Rumor Mill

General Atlantic Targets IPO At $10B Valuation, More Rumors

By Jade Martinez-Pogue

Private equity firm General Atlantic is considering a 2027 initial public offering that could value it at up to $10 billion; Amazon is in talks to acquire artificial intelligence company Decart in a transaction that could be worth around $7 billion; and Australian real estate investment trust AirTrunk has delayed its planned Singaporean initial public offering.

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International Paper Weighs EMEA Sale As Bidders Emerge

By Al Barbarino

International Paper Co. said Thursday it is evaluating a potential sale of its Europe, Middle East and Africa packaging business following unsolicited inquiries from prospective buyers, after previously announcing a planned spinoff of the unit.

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Earth Sues Ex-CEO Over Walmart Business, Arbitration

By Jarek Rutz

Earth Enterprises Inc. and two affiliated investment entities have sued former company chief Philippe Meynard in the Delaware Chancery Court, seeking to block him from expanding a Massachusetts arbitration while also accusing him of hiding the loss of Walmart business before a 2021 sale and later putting his own interests ahead of Earth Enterprises. 

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Texas Appeals Court Says Perot VC Suit Belongs In Biz Court

By Spencer Brewer

A Texas appellate court on Thursday found that a multimillion-dollar suit brought by a Dallas businessman against billionaire Ross Perot Jr. belongs in the Texas Business Court, saying the businessman's claims arose from the sale of a healthcare company.

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Foley Hoag Hires Miles & Stockbridge M&A Atty In DC

By Jack Rodgers

Foley Hoag LLP has hired a mergers and acquisitions and private equity-focused attorney from Miles & Stockbridge PC who has joined in Washington, D.C., as a partner to work on strategic financial transactions, private fund formation and more.

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Parsing The Latest Signals On FTC Section 5 Enforcement

Federal Trade Commission cases brought over the last several years and Commissioner Mark Meador’s recent call for stand-alone Section 5 enforcement suggest businesses should prepare for continued scrutiny of conduct beyond traditional antitrust violations, particularly in essential goods, technology and labor markets, say attorneys at Axinn.

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Cyber Incident Halts Bankruptcy Court Noticing Nationwide

By Hilary Russ

The nationwide system for providing notice to creditors in bankruptcy cases has been disrupted by a cybersecurity incident, and it is not currently known when the outage will end.

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Analysis

Missouri AG Alumni Make Their Mark In Trump 2.0

By Courtney Bublé

Missouri is hundreds of miles from Washington, D.C., but the legal community of the Show-Me State has taken a significant hold in the second Trump administration.

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Norton Rose Beats $100M Suit Over Withdrawn Patent App

By Celeste Bott

Norton Rose Fulbright has defeated a former client's malpractice suit over a missed patent fee payment, after an Illinois state judge ruled that the deadline to sue began before the firm allegedly acknowledged its mistake and dismissed the company's $100 million lawsuit against the firm with prejudice.

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Murdaugh Tells 4th Circ. To Revive Jury Tampering Civil Suit

By Cara Salvatore

Disgraced lawyer Alex Murdaugh asked the Fourth Circuit on Thursday to revive his suit accusing a court clerk of interfering in his murder trial, arguing he has standing because the alleged tampering "destroyed the value" of his $600,000 defense.

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Judge Who Called For Philly DA Probe Rejects Recusal Bid

By Matthew Santoni

A federal judge who called for an investigation of the Philadelphia District Attorney's Office will not reconsider or recuse himself from the underlying habeas corpus case, calling DA Larry Krasner's bid to undo his rulings "frivolous" and "intemperate."

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Crowell Faces DQ Bid Over AI Tool At Heart Of Client's IP Suit

By Dorothy Atkins

DeviantArt urged a California federal judge Wednesday to disqualify Crowell & Moring LLP from representing Evox Productions in litigation alleging multiple AI companies used Evox's copyrighted car photos to train artificial-intelligence image generators, arguing the firm "unquestionably" represented DeviantArt and has "sued its own client on behalf of another client."

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Gov't Urges Justices To Reject Google, Intel Fight Over Fintiv

By Adam Lidgett

The U.S. Patent and Trademark Office has urged the U.S. Supreme Court to reject Intel Corp. and Google LLC's challenge to a precedent allowing Patent Trial and Appeal Board petitions to be denied based on related litigation.

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Would-Be Kavanaugh Assassin Slams Feds' Skewed Facts

By Lauren Berg

A woman accused of trying to kill U.S. Supreme Court Justice Brett Kavanaugh told the Fourth Circuit that federal prosecutors have presented a "wildly inaccurate description" of a Maryland federal judge's sentencing decision, rejecting their argument that she got off too easy because of her gender identity.

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NYC Sanctuary Policies Survive Trump Admin. Lawsuit

By Rae Ann Varona

A New York federal judge on Thursday tossed the Trump administration's lawsuit challenging New York City policies that the administration alleged unconstitutionally obstruct federal immigration enforcement, saying federal law the administration leaned on does not preempt the sanctuary provisions.

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