Cravath, Kirkland Steer $15.3B ADT Take-Private Deal

By Al Barbarino

New York investment firm Thrive Holdings has agreed to acquire security company ADT in an all-cash transaction for approximately $7.6 billion in equity value and $15.3 billion in enterprise value, ADT announced Thursday.

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Cooley-Led Kalshi Hits $40B Valuation With $1B Series G

By Jade Martinez-Pogue

Betting platform Kalshi, advised by Cooley LLP, on Thursday revealed that its valuation skyrocketed to $40 billion after it wrapped its latest fundraising round with $1 billion of investor commitments.

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Delaware Chancery Keeps $8.9B R1 RCM Buyout Claim Alive

By Jarek Rutz

The Delaware Chancery Court has ruled that private equity firm TowerBrook Capital Partners LP and health system Ascension Health Alliance must face a stockholder claim challenging healthcare revenue management venture R1 RCM Inc.'s $8.9 billion take-private deal, finding that their joint investment vehicle qualified as a controlling stockholder despite owning less than one-third of the company's voting shares.

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Weil's Collapse Ends Firm's Long Run As Bankruptcy Leader

By Alex Wittenberg

Weil Gotshal & Manges LLP helped pioneer modern bankruptcy practice and earned hundreds of millions of dollars leading many of the biggest Chapter 11 cases in U.S. history. Its collapse this week marks a stunning end to that legacy and reflects major changes in how law firms function today, attorneys told Law360.

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Deals Rumor Mill

BP Board Members Could Favor Biz Break-Up, More Rumors

By Jade Martinez-Pogue

Some board members of oil and gas company BP could be in favor of splitting up the energy giant, Marvell Technology is in "advanced discussions" to acquire laser maker Lumentum in a deal that could be valued at up to $83 billion, and private equity giant TPG considers acquiring British data center group Ark from Elliott Investment Management.

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Serval Valued At $3B After $150M Series C Round

By Jade Martinez-Pogue

Enterprise service management and automation platform Serval revealed Thursday that it reached a $3 billion valuation after closing its latest funding round with $150 million in tow.

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Telecom Shareholders Claim Arbitrator Was Biased

By Nadia Dreid

Majority shareholders of a Central and South American telecommunications tower business fighting a $300 million arbitration award they were ordered to pay to the minority shareholders of that business have told the Second Circuit that the arbitrator was biased against them.

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Parsing The Lowest SEC Enforcement Stats In Over A Decade

Statistics show that the U.S. Securities and Exchange Commission brought a historically low number of enforcement actions during Paul Atkins' first full fiscal year as chairman, delivering on his promise to reduce enforcement in program areas focused on recordkeeping and other technical violations, say attorneys at Covington.

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Are You Happy With Your In-House Role? Take Our Survey

Is your company giving you everything you need to succeed? What are some misconceptions about working in-house? Help Law360 Pulse answer these questions and more in this year's In-House Satisfaction Survey.

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Ramona Nee, Tapped To Lead Weil, Now In Talks With Kirkland

By Daniel Moritz-Rabson

Ramona Nee, the co-leader of Weil Gotshal & Manges LLP's U.S. private equity practice who had been poised to become its leader, is engaged in talks to join Kirkland & Ellis LLP, a source with knowledge of the situation told Law360 Pulse on Friday.

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K&L Gates DQ'd In Trust's Mortgage Loan Agreement Dispute

By Isaac Monterose

A Washington federal judge disqualified K&L Gates LLP from a trust's dispute over a residential mortgage loan sale agreement, ruling that the law firm must leave the suit because it drafted the form agreement used in the transaction.

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Jackson Walker Inks $500K Deal In EXCO's Ch. 11 Fee Fight

By Clara Geoghegan

Jackson Walker has agreed to pay EXCO Resources Inc. $500,000 to end litigation over fees paid to the firm while one of its partners was in an undisclosed relationship with the former bankruptcy judge who mediated in the reorganized oil and gas driller's Texas Chapter 11.

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Fed. Judge A No-Show Amid Inquiry Into Her Mental Health

By Craig Clough

U.S. District Judge Ada Brown of the Northern District of Texas failed to appear Friday before a judicial investigative committee examining allegations that she abandoned her post and concerns that a mental condition may be interfering with her ability to perform her duties.

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Judge Opens Ethics Inquiry Into DOJ's Golf Course Candor

By Jared Foretek

A D.C. federal judge opened an inquiry Friday into whether Trump administration attorneys and officials violated their ethical obligations to the court when they repeatedly told her that there were no plans to close East Potomac Golf Course for an overhaul at President Donald Trump's behest.

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Kalshi Taps Clement For High Court Sports Contracts Fight

By Elaine Briseño

Kalshi has hired appellate heavyweight Paul D. Clement of Clement & Murphy PLLC to represent the company in its potential U.S. Supreme Court battle over whether the prediction markets platform's sports wagering is subject to state or federal oversight.

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Cyberattack Class Action Against Fox Rothschild Dropped

By Madison Arnold

Three data breach victims have dismissed their proposed class action against Fox Rothschild LLP after ransomware group Silent Ransom Group targeted the firm.

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DOJ Backs Ex-Wisconsin Judge's ICE Obstruction Conviction

By Andrea Keckley

The U.S. Department of Justice told the Seventh Circuit that the high-profile conviction of a former Wisconsin state court judge for interfering with an ICE arrest was not compromised by her position on the bench or by jury instructions.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

Meta reached a settlement during jury selection in the second Los Angeles bellwether trial over claims its Instagram platform harms the mental health of children, leaving Snap as the lone defendant facing trial. In the meantime, current and former in-house lawyers for Google and Meta said that the ability of AI to write patent applications is rapidly improving, and that in blind tests, experienced attorneys often deem AI-drafted patents to be superior to those from humans. These are some of the stories in corporate legal news you may have missed in the past week.

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Law360's Legal Lions Of The Week

By Kevin Penton

Consovoy McCarthy PLLC and Smith Porsborg Schweigert Armstrong Moldenhauer & Smith lead this week's edition of Law360 Legal Lions, after the Eighth Circuit struck down the Federal Reserve's regulatory cap on the swipe fees that larger banks may collect on debit card transactions.

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Up Next At High Court: Religious Liberty & Unpled Defenses

By Katie Buehler

The U.S. Supreme Court will begin its November sitting by hearing oral arguments in a case challenging the constitutionality of Colorado's universal preschool program and a dispute asking the justices to settle a circuit split over whether defendants in civil lawsuits can seek summary judgment based on unpled affirmative defenses.

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Roundup

Hub Hires: WilmerHale, Womble Bond, Kirkland

By Chris Villani

Falling temperatures didn't bring a cooldown in the Boston legal lateral market as WilmerHale and Robinson & Cole LLP both welcomed former assistant attorneys general, Honigman LLP established its first office in the market, and Kirkland & Ellis LLP snagged a partner from Ropes & Gray LLP.

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Law360 MVP Awards Go To Top Attorneys From 89 Firms

The lawyers chosen as Law360's 2026 MVPs stand out from their peers by notching significant achievements in high-stakes litigation, complex global matters and record-setting transactions.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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