Latham-Led I Squared Wraps $2.4B Infrastructure Credit Fund

By Jade Martinez-Pogue

Latham & Watkins LLP-advised infrastructure investor I Squared Capital on Tuesday revealed that it closed its second infrastructure credit fund with over $2.4 billion of committed capital.

Read full article » | Save to favorites »

PE Fund Lost $43M In 'Speculative' Stock Swap, Del. Suit Says

By Jarek Rutz

An investor in a private equity fund has accused its managers in Delaware Chancery Court of secretly exchanging about $43 million in diversified investments for securities in a "speculative" financial company, then failing to sell those holdings before their value plunged 99.98%, leaving investors with virtually nothing.

Complaint attached | Read full article » | Save to favorites »

5 Firms Build $400M Cannabis Merger

By Jade Martinez-Pogue

Canada-based cannabis company Organigram Global Inc. on Tuesday announced plans to acquire Aurora Cannabis Inc. in a deal that values Aurora at CA$561 million ($400.7 million) and was built by five law firms.

Read full article » | Save to favorites »

Squires Grants 4 IPRs, Denies 6 Before Handing Over Power

By Dani Kass

U.S. Patent and Trademark Office Director John Squires on Tuesday instituted four inter partes reviews in what could be the final petitions for which he reviews the merits.

Order attached | Read full article » | Save to favorites »

Latham-Led AI Startup Valued At $3.25B After Funding Round

By Jade Martinez-Pogue

Artificial intelligence company Applied Compute, advised by Latham & Watkins LLP, revealed that it has reached a $3.25 billion valuation after securing $350 million in its latest funding round.

Read full article » | Save to favorites »

Approach The Bench: Judge Wilson On Trial By Zoom

By Cara Bayles and Kelley Marcano

Before she became a state court judge in Washington, Judge Coreen Wilson worked as a trial attorney litigating hundreds of cases, including the country's first binding virtual civil jury trial during the early days of the COVID-19 pandemic.

Read full article » | Save to favorites »

DOJ Says Trump Adviser Needn't Answer ABA Subpoenas Yet

By Jared Foretek

The U.S. Department of Justice is arguing that Trump attorney Boris Epshteyn shouldn't have to respond to subpoenas from the American Bar Association in its challenge to the Trump administration's campaign against law firms until the presiding judge rules on the administration's preexisting motion to quash them.

Response attached | Read full article » | Save to favorites »

Judge Questions Federal Role In Ed Martin Ethics Case

By Jared Foretek

A D.C. federal judge struggled Tuesday to see how he could preside over a state attorney ethics proceeding if U.S. pardon attorney Ed Martin gets his way and keeps the case in federal court, as the city's ethics board fought to have it sent back to state court.

Motion attached | Read full article » | Save to favorites »

Brownstein Hyatt Faces Suit Over Flawed Cannabis Co. Deal

By Rachel Konieczny

A Colorado real estate developer and his company alleged that Brownstein Hyatt Farber Schreck LLP negligently drafted their settlement agreement in a dispute with members of cannabis dispensary chain Native Roots over a sale of the chain's entities, resulting in a roughly $100 million arbitration award against the developer's company.

Complaint attached | Read full article » | Save to favorites »

Texas Atty Seeks Release In Cyberstalking Case

By Lynn LaRowe

A Texas lawyer who is expected to plead guilty in a cyberstalking case involving BigLaw firm attorneys is asking a federal court to free her, saying circumstances are "materially different" because of mental health treatment she has received while behind bars.

Motion attached | Read full article » | Save to favorites »

Adult Daycare Pushes To Revive Suit Against Fox Rothschild

By Rose Krebs

An adult daycare company is asking a New Jersey state court to undo the toss of its suit against Fox Rothschild LLP and one of its attorneys, saying the dismissal was in error because the business had sought more time to respond to a dismissal motion.

2 documents attached | Read full article » | Save to favorites »

Volunteer Exits Malicious Prosecution Suit Naming DLA Piper

By Craig Clough

A Los Angeles judge on Tuesday tossed a malicious prosecution claim against a former volunteer for Breaking Code Silence on free speech grounds, even as he called the broader case against DLA Piper and the nonprofit "stronger than most."

Read full article » | Save to favorites »

Ashurst Perkins ICap Suit Stayed Amid Bankruptcy Fight

By Ben Adlin

A Washington state judge has agreed to freeze a lawsuit accusing law firm Ashurst Perkins Coie of aiding and abetting a nearly $230 million Ponzi scheme, ordering the King County Superior Court litigation be put on hold pending an outcome in a related bankruptcy dispute.

Order attached | Read full article » | Save to favorites »

Roundup

The Top In-House Hires Of October

By Michele Gorman

Legal department hires during the past month included high-profile appointments at Fox, Dell and LinkedIn. Here, Law360 Pulse looks at some of the top in-house announcements from October.

Read full article » | Save to favorites »