Accor said Friday that it has agreed to sell its remaining 30.56% stake in Essendi to Blackstone Inc. and French investment firm Colony IM for up to €975 million ($1.1 billion), completing its exit from the European hotel operator.
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TOP NEWS

Accor To Sell Essendi Stake To Blackstone, Colony For €975M

By Dawood Fakhir

Accor said Friday that it has agreed to sell its remaining 30.56% stake in Essendi to Blackstone Inc. and French investment firm Colony IM for up to €975 million ($1.1 billion), completing its exit from the European hotel operator.

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Fenwick, Latham Lead Scribe Therapeutics' $129M IPO

By Jade Martinez-Pogue

Early-stage biotechnology firm Scribe Therapeutics began trading publicly on Friday after raising $129 million in its upsized initial public offering steered by Fenwick & West LLP and Latham & Watkins LLP.

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Mark Cuban-Led PE Shop Scores A Stake In MLB's A's

By Jade Martinez-Pogue

Mark Cuban's Harbinger Sports Partners has taken a stake in the MLB's Athletics ahead of the former Bay Area-based team's move to Las Vegas.

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LITIGATION

Roundup

UK Litigation Roundup: Here's What You Missed In London

By Megan Norcott

The past week in London has seen financial advice firm Smith Square Partners sue ailing social housing company Home REIT, Pogust Goodhead hit with a contract claim by one of its investors, and Entain faced with its latest claim in expanding litigation linked to alleged bribery at its former Turkish business. Here, Law360 looks at these and other new claims in the U.K.

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Cornerstone, Old Republic Partly Settle $9.8M Coverage Suit

By Matthew Santoni

A building products manufacturer has settled its coverage dispute with Old Republic Insurance Co., though its claims against Berkshire Hathaway Specialty Insurance Co., seeking $9.8 million in coverage for defense and settlement costs in other litigation, remain unresolved.

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DEALS & FINANCING

Roundup

Taxation With Representation: Kleinberg Kaplan, Baker Botts

By Zak Kostro

In this week's Taxation With Representation, Brookfield Asset Management acquires Aypa Power from funds managed by Blackstone Energy Transition Partners, Brookfield and Canada Pension Plan Investment Board buy LXP Industrial Trust, and Novagold Resources Inc. and Paulson Advisers LLC agree to give Novagold full ownership of Donlin Gold LLC.

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PEOPLE

Ex-DLA Piper Tax Partner Rejoins Gibson Dunn

By Isaac Monterose

Former DLA Piper partner James Manzione has returned to Gibson Dunn & Crutcher LLP as a tax partner in its New York City office.

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LEGAL INDUSTRY

Goldstein Gets 6-Year Sentence, Bond Revoked

By Jared Foretek

Thomas Goldstein, the famed U.S. Supreme Court attorney and founder of SCOTUSblog whose turn into the world of ultra-high-stakes poker ultimately landed him federal tax and mortgage fraud convictions, was sentenced to six years in prison; he was taken into custody and out of court in handcuffs Friday.

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Disciplinary File Opened On Atty Repping Trump In IRS Fight

By James Boyle

A disciplinary file was opened recently on one of the attorneys representing President Donald Trump who helped him reach a deal with the Internal Revenue Service to settle a lawsuit that a Florida federal judge said was meant to "manipulate the judicial process."

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Patriot National CEO Wasn't Simpson Thacher Client, Jury Told

By Madison Arnold

Another Simpson Thacher & Bartlett LLP attorney took the stand Friday in a Florida malpractice trial brought by the founder of Patriot National Inc. to push back on the idea the founder was actually a client of the firm in the time leading up to his insurance services company declaring bankruptcy.

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Roundup

Balancing The Scales: Geofence Clarity, Post-Hunter Scrutiny

By Orlando Lorenzo

The U.S. Supreme Court deemed geofence warrants as searches under the Fourth Amendment, and the justices’ ruling in Hunter spurs a conversation of what the bar should be for criminal appeal waivers. Here, Law360 highlights access to justice stories arising from litigation, verdicts and judgments you may have missed.

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Feature

The White Collar Boutique 'Renaissance' Is Here

By Phillip Bantz

Unprecedented political pressure on BigLaw, dwindling opportunities at elite firms, powerful legal tech tools and broad slowdowns in white collar enforcement are fueling a remarkable boom in boutique law firm growth, experts say.

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Ex-Immigration Judge Says Firing Is Part Of Biased Anti-DEI Push

By Bonnie Eslinger

A former immigration judge has sued the U.S. Department of Justice in California federal court claiming she was pushed off the bench because she is Black and female, and previously advocated for immigrant clients as an attorney — and saying dozens of similarly situated judges were also fired or denied permanent positions.

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Ala. State Bar Sets Guidance For Atty AI Use, Billing

By Emily Sawicki

The Alabama State Bar has released a formal opinion to guide attorneys on the ethical use of artificial intelligence, cautioning lawyers to be transparent with their clients about their use of AI to avoid unethically inflated billing while encouraging attorneys to utilize the evolving technology.

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'False Innuendo': Sanctioned Davis Wright Atty Rips Fee Bid

By Jeff Overley

A Davis Wright Tremaine LLP partner sanctioned for subpoena tactics is fiercely contesting a plaintiffs firm's six-figure fee bid, telling a California federal court that the request misleadingly cites alleged misconduct in separate litigation, reflecting a "naked attempt to prejudice the court's view of counsel."

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Over 100 Legal Aid Staffers Strike In Harlem And The Bronx

By Andrea Keckley

Over 100 legal aid attorneys, social workers and advocates in Harlem and the Bronx went on strike Friday, with the possibility of more to come in the New York City area.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

General counsel are gearing up again to help their companies adapt to the impact of a new round of U.S. tariffs. And the chief legal officer of Alphabet and Google lashed out at the European Commission over search engine changes it is demanding, after the EU imposed a $1 billion fine on Google for violating competition laws.

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Law360's Legal Lions Of The Week

By Kevin Penton

Sullivan & Cromwell LLP and McGuireWoods LLP lead this week's edition of Law360 Legal Lions, after the Fourth Circuit reversed class certification in an investor lawsuit against Boeing over the company's alleged concealment of safety issues with its 737 Max fleet.

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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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COMPANIES IN TODAY'S NEWS

A.P. Moller-Maersk

AMB Sports & Entertainment LLC

AT&T Inc.

Accor SA

Alphabet Inc.

Amazon.com Inc.

American Bar Association

Andreessen Horowitz LLC

Apple Inc.

Atlanta Falcons Football Club LLC

Aypa Power

Berkshire Hathaway Energy GT&S

Blackstone Inc.

BriefCatch

British Broadcasting Corp.

Brookfield Asset Management Ltd.

Brooklyn Defender Services

Burford Capital LLC

Center for Family Representation Inc.

Centerview Partners Holdings LP

Comcast Corp.

Compass Minerals International, Inc.

Concord

Cornerstone Building Brands

DaVita Inc.

Deloitte Touche Tohmatsu Ltd.

Democracy Forward Foundation

Eli Lilly & Co.

Entain PLC

Euronext Amsterdam NV

Federated Hermes Inc.

Federation Internationale de Football Association

Found

Google LLC

Imperial Brands PLC

Imperial Tobacco

Instagram Inc.

Johnson & Johnson

Ladbrokes PLC

LexisNexis Legal & Professional

Libyan Investment Authority

LinkedIn Corp.

Major League Baseball Inc.

Masimo Corp.

Mediterranean Shipping Co. SA

Mercedes-Benz USA LLC

Meta Platforms Inc.

Michigan State University

Nasdaq Inc.

National Grid PLC

Neighborhood Defender Service of Harlem

New York University

Nike Inc.

Old Republic Insurance Co.

Orbit International Corporation

Patriot National Inc.

Pfizer Inc.

Planned Parenthood Federation of America Inc.

Porsche

Public Citizen Inc.

QUALCOMM Inc.

RELX PLC

Sanofi

Scribe Therapeutics Inc.

Skydance Media LLC

Space Exploration Technologies Corp.

Stifel Financial Corp.

Sutter Health

Syngenta AG

The Bronx Defenders

The Florida Bar

The Kroger Co.

Uber Technologies Inc.

Virgin Media Inc.

Warner Bros. Discovery Inc.

Warner Bros. Entertainment Inc.

LAW FIRMS IN TODAY'S NEWS

Adams Duerk

Addleshaw Goddard

Ashurst Perkins

Bailey Cavalieri

Baker Botts

Baker McKenzie

Bertling Law Group

Bray & Krais

Brito PLLC

Burns Charest

Butler Snow LLP

CMS Cameron McKenna

Cleary Gottlieb

Clifford Chance

Clyde & Co

Conrad & Scherer

Cooley LLP

Covington & Burling

DAC Beachcroft

DLA Piper

DWF LLP

Davis Wright Tremaine

De Pardieu Brocas Maffei

Dechert LLP

Dentons

Egality Law

Eversheds Sutherland

Faegre Drinker

Fenwick & West

Fieldfisher

Fox Williams

Furley Page

Gibson Dunn

Gide Loyrette

Gilbert Employment Law

Gordon Rees

Gornitzky & Co.

Haun Mena

Hogan Lovells

Holland & Knight

Holtzman Vogel

Ice Miller

Jones Day

Kennedys Law LLP

Kirkland & Ellis

Kleinberg Kaplan

Knobbe Martens

Labaton Keller

Latham & Watkins

Lewis Silkin

Lowell & Associates

McGovern Weems

McGuireWoods

Mishcon de Reya

Morgan Lewis

Munger Tolles

Nabarro LLP

Nelson Mullins

Ogletree Deakins

Patterson Belknap

Paul Weiss

Pinsent Masons

Pogust Goodhead

Quinn Emanuel

Reed Smith

Reynolds Porter

Rosing Pott

Shakespeare Martineau

Shoosmiths LLP

Simons Muirhead Burton

Simpson Thacher & Bartlett

Skadden Arps

Smith Anderson Blount Dorsett Mitchell & Jernigan

Smith Krivoshey

Smith Square Partners LLP

Stearns Weaver

Stephens Scown

Sullivan & Cromwell

Treanor Devlin Brown

Troutman

Venable LLP

Weightmans LLP

Werner Ahari

Wheeler Trigg

White & Case

Williams & Connolly

WilmerHale

Winston Taylor

Wyrick Robbins

gunnercooke LLP

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Privacy Protection Agency

Companies House

Employee Benefits Security Administration

Equal Employment Opportunity Commission

European Commission

European Union

Executive Office for Immigration Review

Federal Communications Commission

Internal Revenue Service

Michigan Supreme Court

National Telecommunications and Information Administration

New Jersey Supreme Court

Office of the U.S. Trade Representative

Ohio Supreme Court

Serious Fraud Office

The Crown Prosecution Service

U.S. Department of Justice

U.S. Department of Labor

U.S. District Court for the Central District of California

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

U.S. District Court for the Eastern District of North Carolina

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

U.S. District Court for the Southern District of Florida

U.S. District Court for the Southern District of New York

U.S. House of Representatives

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

UK High Court

United Nations