Endeavor Group Holdings Inc. and Silver Lake Technology Management LLC on Monday sued dozens of hedge funds and other investors in Delaware Chancery Court, seeking to block them from pursuing appraisal claims over Silver Lake's $27.50 per-share buyout of Endeavor and alleging that many bought shares only after the deal was announced to profit from litigation.
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TOP NEWS

Endeavor, Silver Lake Sue To Block Appraisal Claims

By Jarek Rutz

Endeavor Group Holdings Inc. and Silver Lake Technology Management LLC on Monday sued dozens of hedge funds and other investors in Delaware Chancery Court, seeking to block them from pursuing appraisal claims over Silver Lake's $27.50 per-share buyout of Endeavor and alleging that many bought shares only after the deal was announced to profit from litigation.

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4 Firms Steer $1.6B Priority Technology Take-Private

By Jade Martinez-Pogue

Payments and banking solutions provider Priority Technology Holdings Inc., advised by Nixon Peabody LLP and Paul Hastings LLP, on Monday announced plans to become a private company after being bought for $1.6 billion by a McDermott Will & Schulte LLP-led investor group helmed by the company's chair and CEO.

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Smart-Ring Maker Oura Launches $2.1B IPO Plan

By Jade Martinez-Pogue

Fitness-tracking ring maker Oura on Monday unveiled a target price range for its public debut, telling the U.S. Securities and Exchange Commission that it plans to raise roughly $2.1 billion.

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SEC Prepares To Relax Fund Cross-Trading Limits

By Jessica Corso

The U.S. Securities and Exchange Commission has informed the White House that it plans to propose a regulation that could loosen the rules around cross-trading prohibitions, potentially allowing more securities to be traded between funds overseen by the same adviser.

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LITIGATION

FTX Trust Says SkyBridge Can't Collect $53M In Ch. 11 Claims

By Rick Archer

FTX's liquidating trust is asking a Delaware bankruptcy judge to reject $53 million in claims from firms affiliated with a former Trump administration official, saying the companies came out ahead of deals at issue in the case.

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Crypto Firm, Ga. Investor Reach Deal To End Fraud Suit

By David Aaro

An investor has agreed to end her lawsuit accusing a Texas-based crypto investment company of letting her funds get caught up in a fraudulent scheme to funnel money to foreign countries, according to a filing in Georgia federal court.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week dismissed a challenge to Alteryx Inc.'s $4.4 billion take-private sale, resolved a fight over the removal of a security technology company's director and declined to let Empery Digital Inc. immediately appeal a proxy contest ruling.

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ENFORCEMENT

Ex-PetIQ CEO's Brother Admits To Illicit Trades Over Deal Info

By Gina Kim

An Idaho man pled guilty Monday in federal court to trading on confidential information he received from his brother, the former CEO of PetIQ, about the company's acquisition by Bansk Group in August 2024.

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DEALS & FINANCING

Latham, Milbank Guide AI Hyperscaler Nscale's IPO Plans

By Nate Beck

United Kingdom-based Nscale, a Latham & Watkins LLP-advised data center developer, filed for an initial public offering, reporting that $88.4 billion in contracted work for its two largest customers, Microsoft and Anthropic, made up 83% of the company's backlog.

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Real Estate Platform WT Realty Lands $600M SPAC Merger

By Nate Beck

Real estate firm WT Realty Group is set to go public through a merger with special purpose acquisition company FortuneX Acquisition Corp. with an implied acquisition value of $600 million in a deal advised by Winston Taylor and Celine & Partners PLLC.

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PEOPLE

Willkie Hires Ex-Gibson Dunn Energy Pro In Paris

By Isaac Monterose

Willkie Farr & Gallagher LLP has picked ex-Gibson Dunn & Crutcher LLP attorney Pauline Portos for an energy and infrastructure-focused partner role in its Paris office, the firm announced.

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LEGAL INDUSTRY

Legal Deserts: Millions Across America Struggle To Access Lawyers

Tens of millions of Americans live in towns and counties across the nation with limited or no access to legal services. By one estimate, at least a third of the nation's counties qualify as a "legal desert," having only one or no attorney per 1,000 residents. Roughly 24 million Americans reside in these counties.

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Greenberg Traurig Hit With Action Over Client Data Breach

By Matt Perez

A proposed class of Greenberg Traurig LLP clients said the New York law firm failed to secure their personal data prior to a preventable data breach and delayed notifying clients of the breach for two weeks, in an action filed over the weekend in New York federal court seeking injunctive and other equitable relief to protect client data.

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Tesla Atty Misled Witness Days Before Bias Trial, Judge Hears

By Dorothy Atkins

The California Civil Rights Department asked a California judge for a protective order Monday on the first day of a bench trial over claims Tesla Inc. fostered racism at its Fremont factory, after a witness testified that an in-house Tesla attorney recently called him and misled him into believing he represented the agency.

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New Calif. Law Bars Legal Funders From Influencing Litigation

By Jack Karp

Corporate investors and litigation funders will be barred from influencing litigation strategy in California under a new bill signed by Gov. Gavin Newsom.

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Q&A

She Has A Point: Fenwick's Jessica Kaempf

By Theresa Schliep

Jessica Kaempf of Fenwick & West LLP is a pragmatic yet tenacious attorney whose representation of her clients has earned her plaudits from Kathi Vidal of Winston Taylor, who praised Kaempf as part of a Law360 series celebrating women litigators.

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$1.35M Class Deal Reached Over Botched Calif. Bar Exam

By Emily Johnson

Takers of the February 2025 California bar exam that was marred by technical failures have agreed to settle their proposed class action against the proctor for $1.35 million, while the company also agreed to complete quality checks before proctoring future bar examinations, according to a motion seeking preliminary approval in federal court.

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Ex-Prosecutor Escapes Jan. 6 Atty's Defamation Suit

By Jared Foretek

Former federal prosecutor Andrew Weissmann on Monday won judgment on the pleadings in a defamation case brought by attorney Stefan Passantino, who had represented Cassidy Hutchinson, after Passantino alleged Weissmann had defamed him when saying he'd "coached" Hutchinson "to lie" to the January 6th Select Committee.

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COMPANIES IN TODAY'S NEWS

Alteryx Inc.

Anthropic PBC

Burger King Holdings Inc.

Carrols Restaurant Group Inc.

Clearlake Capital Group LLC

Consumer Attorneys of California

Databricks Inc.

Dragoneer Investment Group LLC

Eli Lilly & Co.

Endeavor Operating Company LLC

Evercore Inc.

Icahn Enterprises LP

Inovalon Holdings Inc.

Insight Venture Management LLC

Investment Company Institute

JPMorgan Chase & Co.

Jefferies Financial Group Inc.

LinkedIn Corp.

Microsoft Corp.

Mobileum Inc.

NVIDIA Corp.

Nasdaq Inc.

New York University

Nordic Capital Ltd.

Pentwater Capital Management LP

PetIQ LLC

Priority Technology Holdings Inc.

Renaissance Capital

Restaurant Brands International Inc.

Searchlight Capital Partners LP

State Bar of California

Tesla Inc.

The Goldman Sachs Group Inc.

Wells Fargo & Co.

LAW FIRMS IN TODAY'S NEWS

Advisors LLC

Arenson Dittmar

Baker Donelson

Binnall Law Group

Desmarais LLP

Dunn Isaacson Rhee

Ellsworth Kallas

Esbrook PC

Fenwick & West

Gibson Dunn

Greenberg Traurig

Krevolin & Horst

Landis Rath

Latham & Watkins

Mayer Brown

McDermott Will & Schulte

Meritz Reddy

Michael Best & Friedrich

Milbank LLP

Morgan & Morgan PA

Munger Tolles

Nixon Peabody

Paul Hastings

Paul Weiss

Polsinelli PC

Potomac Law Group

Potter Anderson

Richards Layton

Robbins Alloy

Rolnick Kramer

Sauder Schelkopf

Selendy Gay

Simpson Thacher & Bartlett

Sullivan & Cromwell

Tycko & Zavareei

Willkie Farr

Winston Taylor

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Civil Rights Department

Delaware Court of Chancery

Equal Employment Opportunity Commission

U.S. Attorney's Office

U.S. Bankruptcy Court for the District of Delaware

U.S. District Court for the District of Columbia

U.S. District Court for the District of Idaho

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

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

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

U.S. Marine Corps

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

US Office of Management and Budget