Product testing heavyweight Intertek Group said Thursday that it has agreed to a £10.9 billion ($14.4 billion) cash takeover by EQT after months of courting by the Swedish private equity firm.
Law360
Private Equity
TUESDAY, JUNE 23, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

GettyImages-1129694349 (1).jpg

Freshfields Steers EQT's £10.9B Cash Offer For Intertek

By Najiyya Budaly

Product testing heavyweight Intertek Group said Thursday that it has agreed to a £10.9 billion ($14.4 billion) cash takeover by EQT after months of courting by the Swedish private equity firm.

Read full article » | Save to favorites »

Milbank-Led EQT To Buy SpaceX Satellite Launch Partner

By Tom Fish

​Swedish private equity giant EQT said Thursday its fund has agreed to acquire Exolaunch from the German satellite launch services company's founder, marking its first investment in the rapidly growing space sector.

Read full article » | Save to favorites »

SEC, CFTC Could Change Dodd-Frank Swap Rules

By Jessica Corso

The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission indicated Thursday they are preparing to change the definition of "swap" to "address longstanding ambiguities" that the agencies said have existed since the Dodd-Frank Act was adopted in 2010.

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

Trump Accounts Not Subject To ERISA, DOL Says

By Asha Glover

Trump accounts, the new tax-advantaged brokerage accounts for newborns, will generally not be considered employee pension benefit plans and will not be subject to federal benefits laws, according to guidance issued Thursday by the U.S. Department of Labor.

1 document attached | Read full article » | Save to favorites »

Goodwin, Latham Lead Biotech Kardigan's $400M IPO

By Jade Martinez-Pogue

Venture-backed Kardigan Inc., a biotechnology firm developing therapies for cardiovascular diseases, hit the public markets on Thursday after raising $400 million in its initial public offering.

Read full article » | Save to favorites »

LITIGATION

Stockholders Tell Chancery Broadband Buyout Was Lowballed

By Jarek Rutz

A pair of former WideOpenWest Inc. stockholders have sued the cable and broadband provider's controlling shareholder in Delaware Chancery Court, alleging a 2025 take-private deal unfairly shortchanged minority investors and allowed insiders to capture the future value of the company for themselves.

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

Blackstone's LivCor Cuts $7M Rent-Fixing Deal With 9 States

By Dorothy Atkins

Blackstone subsidiary LivCor LLC has agreed to pay North Carolina, California and seven other states $7 million in penalties to resolve allegations against it in a sprawling antitrust lawsuit alleging major landlords used software company RealPage to fix rent prices, according to documents filed in North Carolina federal court Thursday.

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

DEALS & FINANCING

Deals Rumor Mill

DeepSeek's Valuation Soars To $50B, Plus More Rumors

By Jade Martinez-Pogue

Artificial intelligence company DeepSeek hit a $50 billion valuation following its latest funding round, the original backers of artificial intelligence company Manus are planning to buy the company back from Meta, and private equity shop KKR wants to buy a majority stake in the Indian business of Sweden's Medicover for at least $1 billion.

Read full article » | Save to favorites »

Brief

Skadden, Troutman Lead First Carolina Bank's $69M IPO

By Katryna Perera

First Carolina Financial Services, a community bank with branches in several southeastern states, began trading its shares on Thursday after pricing a $69 million initial public offering below its target range, guided by Skadden Arps Slate Meagher & Flom LLP and underwriters' counsel Troutman Pepper Locke LLP.

Read full article » | Save to favorites »

EXPERT ANALYSIS

A Lender's Guide To Fraud: Identifying Risks

The evolving lending landscape, particularly the private credit boom, has heightened lenders' exposure to fraud, but recent bankruptcies demonstrate where fraud risks most commonly materialize and how banks can mitigate exposure at the outset, say attorneys at Moore & Van Allen.

Read full article » | Save to favorites »

Series

Founding An Autism Academy Made Me A Better Lawyer

Starting a nonprofit autism school with no building, no funding model and no guarantee that families would trust us taught me the importance of mission, patience and purpose — lessons that sharpened my practice and showed how meaningful work outside the office can make lawyers better, says Phillip Russell at Ogletree Deakins.

Read full article » | Save to favorites »

LEGAL INDUSTRY

Attorney Reprimanded In $256M Defamation Case

By Rachel Rippetoe

A former Conrad & Scherer LLP managing partner must pay an Alabama coal company's attorney fees after being publicly reprimanded by an Alabama federal judge, who found he lied to the court and paid witnesses to change their testimony in his repeated lawsuits against the company.

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

NJ Firm Accused Of 'Double-Dipping' On Pelvic Mesh Fees

By Daniel Connolly

Four women allege in a recently filed lawsuit that a New Jersey law firm overcharged them on legal fees related to a settlement in pelvic mesh litigation, and the recent lawsuit also relates to a long-running conflict between lawyers who formerly worked together.

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

Justices Seek Input On NJ State Bar Diversity Challenge

By George Woolston

The U.S. Supreme Court has asked the federal government to weigh in on a Garden State appellate court's decision that approved a New Jersey State Bar Association system for fostering diversity in its leadership that was accused of being discriminatory.

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

Blanche, Pirro Can't Be DQ'd From Trump DC Shooting Case

By Craig Clough

A D.C. federal judge held Monday that the man accused of attempting to assassinate President Donald Trump at the White House Correspondents' Association dinner can't disqualify U.S. Attorney Jeanine Pirro and acting Attorney General Todd Blanche from prosecuting him because of their presence at the dinner.

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

Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week handled disputes involving executive compensation, take-private transactions, books and records demands, tender offers and alleged insider misconduct.

Read full article » | Save to favorites »

gray blue promo that reads Law360 400 Promo that reads Law360 Pulse 2026 AI Survey

COMPANIES IN TODAY'S NEWS

ARCH Venture Partners LP

Abu Dhabi Investment Authority

Amperex Technology Ltd.

Angelo Gordon & Co.

Apple Inc.

Barclays PLC

BlackRock Inc.

Centerbridge Partners LP

Centerview Partners Holdings LP

Deutsche Bank AG

Drummond

Drummond Co. Inc.

EQT AB

EQT Corp.

Equity Residential

Fidelity National Financial Inc.

First Brands Group

Francisco Partners

GameStop Corp.

Hilton Worldwide Holdings Inc.

Horizon Blue Cross Blue Shield of New Jersey

Intertek Group PLC

Itochu Corporation

JPMorgan Chase & Co.

Johnson & Johnson

Kardigan

London Stock Exchange Group PLC

Meta Platforms Inc.

Mid America Apartment Communities Inc.

Morgan Stanley

Nasdaq Inc.

New Jersey State Bar Association

Optimum

Paypal Holdings Inc.

Perceptive Advisors LLC

QUALCOMM Inc.

Raine

RealPage Inc.

Space Exploration Technologies Corp.

Tenstorrent

The Goldman Sachs Group Inc.

The Trade Desk Inc.

Verizon Communications Inc.

WideOpenWest Finance LLC

LAW FIRMS IN TODAY'S NEWS

Advisors LLC

Advokatfirman Vinge KB

Bernstein Litowitz

Block & Leviton

Brooks Pierce

Christian & Small

Clifford Chance

Conrad & Scherer

Consovoy McCarthy

DLA Piper

FBT Gibbons

Freshfields

Friedman Oster

Goodwin Procter

Jones Day

Kropf Moseley

Labaton Keller

Latham & Watkins

Linklaters LLP

Mazie Slater

Milbank LLP

Moore & Van Allen

Nagel Rice

Ogletree Deakins

Pendley Baudin

Robins Kaplan

Simpson Thacher & Bartlett

Skadden Arps

Slater Slater

Slaughter and May

Starnes Davis

Troutman

GOVERNMENT AGENCIES IN TODAY'S NEWS

Commodity Futures Trading Commission

Connecticut Attorney General's Office

Delaware Court of Chancery

European Union

Internal Revenue Service

Joint Committee on Taxation

New Jersey Supreme Court

Occupational Safety and Health Administration

U.S. Attorney's Office

U.S. Bankruptcy Court for the Eastern District of New York

U.S. Bankruptcy Court for the Northern District of Illinois

U.S. Department of Justice

U.S. Department of Labor

U.S. Department of the Treasury

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the District of Columbia

U.S. District Court for the Middle District of Tennessee

U.S. District Court for the Northern District of Texas

U.S. Secret Service

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States Bankruptcy Court for the Western District of North Carolina

United States District Court for the Northern District of Alabama