AI Giant Anthropic Launches Plans For Estimated $61B IPO

By Jade Martinez-Pogue

Claude developer Anthropic PBC on Tuesday set a price range for its long-anticipated blockbuster initial public offering, telling U.S. regulators that it plans to raise around $61 billion in what could be the second-largest IPO ever.

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RV Parts Maker LCI Says Revised Monomoy Bid Isn't Superior

By Al Barbarino

LCI Industries said Tuesday it has rejected a second buyout offer from Monomoy Capital Partners, stating that the proposal is not superior to LCI's existing plan to create a $7.7 billion company through its combination with fellow RV parts maker Patrick Industries.

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CalPERS, States Urge SEC To Keep Adviser Pay-To-Play Rule

By Jessica Corso

State officials and public pensions, including the California Public Employees' Retirement System, are urging the U.S. Securities and Exchange Commission not to get rid of a 15-year-old rule blocking investment advisers that donate to certain political campaigns from working with municipal and state funds, arguing it protects retirees from corruption.

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Zacua Ventures Clinches 2nd Fund With $135M In Tow

By Jade Martinez-Pogue

Venture capital firm Zacua Ventures, which invests in the construction, manufacturing, energy, mining and infrastructure sectors, on Tuesday announced that it wrapped its second fund with $135 million in tow.

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Clifford Chance Taps Sidley Partner To Co-Lead Sports Team

By Kevin Penton

Clifford Chance LLP has hired a private equity attorney previously with Sidley Austin LLP as co-chair of its global entertainment and sports sector team, the firm announced Tuesday.

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Planning Personal Phone Collections Before Discovery Begins

For counsel planning a personal phone collection as part of the litigation discovery process, it's important to take early steps to ensure that necessary information will be obtained without exposing unrelated information or running into access issues, says Jeremy Horowitz at MARA Forensics.

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How A Child Of Immigrants Defends Abrego Garcia

By Corey Rothauser

Hecker Fink attorney Jeffrey Then grew up translating English-language letters for customers at his Dominican immigrant family’s Bronx business. Decades later, he drew on that experience while defending Kilmar Abrego Garcia from federal human smuggling charges, becoming a lifeline for Abrego Garcia during his detention.

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Q&A

John Morgan On Why Luck Matters More Than Most Admit

By Y. Peter Kang

John Morgan, founder of personal injury giant Morgan & Morgan PA, built the largest personal injury firm in the U.S., with 1,110 attorneys in 140 locations. In his new memoir, "Life Is Luck," the attorney who Forbes estimates has a net worth of $1.5 billion argues that success is about more than talent, intelligence or determination. It is also about recognizing opportunities, taking risks and capitalizing on fortunate breaks when they appear.

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Wachtell To Probe Nvidia CEO's Affair With Alleged China Spy

By Anna Scott Farrell and Sue Reisinger

Nvidia has hired Wachtell Lipton Rosen & Katz to lead an investigation into allegations that its founder and CEO had an affair with a business executive who U.S. intelligence believes is a Chinese spy, the artificial intelligence chipmaker said Tuesday.

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Grassley Defends Rush To Confirm Trump Judicial Picks

By Courtney Bublé

Sen. Chuck Grassley, R-Iowa, chair of the Senate Judiciary Committee, on Tuesday defended how quickly the committee is moving to confirm President Donald Trump's judicial picks before Democrats control the Senate.

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Trump Swaps Out Blocked 8th Circ. Nominee With Ark. Justice

By Courtney Bublé

President Donald Trump on Tuesday withdrew his pick for the Eighth Circuit and replaced him with a different nominee amid apparent opposition from Arkansas' senators. 

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Girardi Estate's $54M Claim Put Behind Other Creditors

By Craig Clough

The trustees overseeing Tom Girardi's and his former law firm's bankruptcies struck a deal to put their claims against each other behind other approved general unsecured claims, according to a California bankruptcy court filing, with the firm's trustee saying neither estate is expected to collect on those claims.

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