PE Giants Face Dem Scrutiny Over Data Center Investments

By Katryna Perera

U.S. Sen. Elizabeth Warren is seeking information from several major private equity firms about their involvement in artificial intelligence data center development and operations, saying the increasing number of data centers across the country is putting pressure on American families and driving up utility costs.

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Abry Clinches $780M Continuation Fund For Health Tech Biz

By Jade Martinez-Pogue

Kirkland & Ellis LLP-advised private equity shop Abry Partners on Monday announced that it wrapped fundraising on a $780 million continuation vehicle, which will be used to further its partnership with healthcare technology company Centauri Health Solutions.

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Analysis

No Longer Sidelined, Private Equity Firms Bet Big On Sports

By Chris Villani

With a limited number of major professional sports teams for sale and astronomical valuations leaving a high barrier to entry, experts say college sports and emerging leagues are providing opportunities for private investment, and the rapidly shifting rules are creating compliance challenges for attorneys.

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3 Firms Steer Andrew Peller's CA$579M Go Private Deal

By Jade Martinez-Pogue

Canadian wine company Andrew Peller Ltd. on Monday announced plans to go private after being acquired by Fairfax Financial Holdings Ltd. in a deal built by three law firms and boasts an enterprise value of CA$579 million ($414.9 million).

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Aerospace Engine Maker Targets $700M IPO

By Jade Martinez-Pogue

Aerospace engine maker Doncasters Group on Monday outlined plans to raise around $700 million in its initial public offering led by White & Case LLP and Davis Polk & Wardwell LLP.

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6th Circ. Says Auto Mogul Must 'Pay Up' In Lengthy Loan Spat

By Hailey Konnath

The Sixth Circuit on Monday upheld a $750 million judgment and a separate $20 million contempt ruling against the owner of an auto parts manufacturer in a 24-year-old fight over a defaulted loan, ruling that the mogul must "pay up."

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7 Key Questions About SEC's Faster Tender Offer Path

Following the U.S. Securities and Exchange Commission's recent order permitting an accelerated offering period for certain tender offers, attorneys at Wilson Sonsini discuss key considerations for M&A transactions, addressing eligibility, pros and cons, and how a minimum offering period as short as 10 days may operate in practice.

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UCC Digital Asset Update Is Altering Lender, Obligor Diligence

The rollout of the Uniform Commercial Code's Article 12 is transforming digital asset secured lending, forcing lenders and obligors to rethink diligence, control, custody, monitoring and contract terms, as well as collateral practices and financing structures, as jurisdictions continue to adopt the amendments, say attorneys at Lowenstein Sandler.

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Sripetch May Prove To Be An Empty Victory For The SEC

The U.S. Supreme Court's recent decision in Sripetch v. U.S. Securities and Exchange Commission held that the SEC need not prove pecuniary harm for disgorgement, but if the commission must still identify victims and distribute funds in a compensatory way, it faces the same economic problem as before the ruling, says Erin Smith at Compass Lexecon.

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3 Things To Know About Trump's Pick To Lead SDNY

By Daniel Moritz-Rabson

President Donald Trump has announced that he plans to appoint Sullivan & Cromwell LLP partner James M. McDonald to lead the Southern District of New York. Here are three things to know about him.

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Trump Personal Atty In Carroll Cases Confirmed To 8th Circ.

By Courtney Bublé

The Senate voted 48-43 on Monday evening to confirm Justin Smith, who represented the president in the defamation and sexual abuse cases brought by writer E. Jean Carroll, to the U.S. Court of Appeals for the Eighth Circuit.

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Hagens Berman Must Cover Fees After Misconduct Findings

By Adrian Cruz

Hagens Berman Sobol Shapiro LLP must cover the fees and costs of a special master who alleged the firm committed misconduct in product liability litigation over the morning sickness drug thalidomide, a Pennsylvania federal judge has said.

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Analysis

Newman's Appeal Loss Shows Limits On Suspension Reviews

By Ryan Davis

The U.S. Supreme Court's rejection on Monday of Federal Circuit Judge Pauline Newman's appeal in the long-running dispute over her suspension made clear that the available routes to challenge such orders are narrow, and spurred critics to contemplate ways to revise the system.

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Justices Turn Down Judge Newman's Suspension Case

By Ryan Davis

The U.S. Supreme Court on Monday rejected Federal Circuit Judge Pauline Newman's effort to revive her lawsuit against her colleagues for suspending her, leaving intact a D.C. Circuit decision that her challenges to the order are not subject to judicial review.

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Attys Want Up To $33M In Long-Running UBH Benefits Fight

By Kellie Mejdrich

Attorneys for employee benefit plan participants who sued to change how United Behavioral Health processed claims for mental health and substance use disorder treatment asked a California federal court for up to $33 million in fees and expenses for their work on the "groundbreaking" case.

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Ex-SEC Atty Reprimanded Over Misstatements In Crypto Case

By Julie Manganis

A former U.S. Securities and Exchange Commission attorney has received a public reprimand for misleading a judge in a cryptocurrency fraud case that led to sanctions against the agency.

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Barnes & Thornburg Profit-Share Admin Wants Legal Bills Paid

By James Boyle

A company that oversaw recordkeeping duties of Barnes & Thornburg LLP's profit-sharing plan says in a complaint in Pennsylvania state court it is owed legal fees over a previous suit filed by a former firm partner.

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FBI Misplaced Nadine Menendez's Jewelry, Judge Told

By Parker Quinlan

An attorney for Nadine Menendez on Monday told a Manhattan federal judge that the FBI is still unable to locate pieces of her jewelry seized as part of the investigation that led to Menendez and her husband, former U.S. Sen. Bob Menendez of New Jersey, being convicted of participating in a bribery scheme.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week handled disputes involving shareholder voting rights, take-private transactions, merger disclosures, board control battles and investor litigation, while the Delaware Supreme Court heard arguments over the wind-down of an oil-and-gas investment fund.

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