AI Biz Owner Hits $2.3B Valuation After $240M Funding

By Jade Martinez-Pogue

Artificial intelligence startup Owner on Friday revealed that it reached a $2.3 billion valuation after raising $240 million in new funding.

Read full article » | Save to favorites »

DOJ Says KKR's $250M Deal Will Deter HSR Violations

By Al Barbarino

The U.S. Department of Justice has issued its formal defense of a $250 million settlement with KKR & Co. and affiliated entities resolving allegations that the private equity firm repeatedly violated the Hart-Scott-Rodino Act's premerger notification and waiting period rules.

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

Data Center Projects Outstrip Power Supply, CBRE Says

By Nate Beck

Data center projects are increasingly breaking ground despite a dwindling amount of available power, which has extended completion timelines, according to a Thursday report from commercial broker CBRE.

Read full article » | Save to favorites »

Don't Miss It: Kirkland, Latham Steer Latest Hot Deals

By Jade Martinez-Pogue

A lot can happen in the world of mergers and acquisitions and equity fundraising over the course of a couple of weeks, and it's difficult to keep up with all the deals.

Read full article » | Save to favorites »

Roundup

Real Estate Recap: Back To School

By Real Estate Authority Staff

Catch up on this past week's key developments by state from Law360 Real Estate Authority — including the latest higher-education projects driving legal work, as well as an interview with Debevoise & Plimpton LLP's new real estate practice group leader. 

Read full article » | Save to favorites »

Wilmington Trust Forecloses On $3M Wash. Townhome Loans

By Nate Beck

Investment manager Wilmington Trust North America is suing an apartment owner to foreclose on $3.3 million in loans for a group of 11 townhomes, according to a suit removed to Washington federal court.

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

Md. Pot Co. Evermore Faces Bid To Confirm $1.98M Award

By Jonathan Capriel

A California-based capital advisory firm is urging a state court to enforce a $1.98 million arbitration award it scored against Evermore Cannabis Company, which was found to have intentionally dodged fees it promised to pay the firm as part of a contract that helped the marijuana cultivator secure loans.

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

Cooley Adds Goodwin Capital Markets Atty In San Francisco

By Madison Arnold

Cooley LLP has expanded its ability to serve late-stage private companies, public companies and investment banks by hiring a new capital markets partner for its San Francisco office from Goodwin Procter LLP.

Read full article » | Save to favorites »

Ex-Clifford Chance Attys Fight Bid To Toss Clawback Suit

By Ryan Boysen

The two partners facing a $6 million clawback demand by Clifford Chance LLP have again asked a federal judge to decide whether English or New York law should govern the arbitration, claiming the firm's partnership agreement is unclear.

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

How Did Litigants Fare In Judge Albright's 55 Patent Trials?

By Dani Kass

U.S. District Judge Alan Albright oversaw more than 50 patent trials between his 2018 arrival on the bench and planned Monday departure, and in a surprise for many attorneys, there was a near-even split between victories for patent owners and accused infringers.

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

New Report Rings Alarm On Threats To Judicial Independence

By Jack Karp

Verbal attacks on judges, disinformation about the courts and the defiance of court orders are undermining the independence of the federal judiciary and significantly affecting individual judges' ability to do their jobs, a report out Monday says.

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

Roundup

Defamation Litigation Roundup: NYT, J&J, Azerbaijan

By Theresa Schliep

In this month's review of defamation fights, Law360 details a jury verdict against The New York Times in a suit involving its reporting on a shooting in Alabama, and highlights a judge's decision to spare researchers from a suit by a Johnson & Johnson subsidiary over their talc research.

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

House Passes Bill To Curb Secret Prosecutor Orders

By Courtney Bublé

The House passed a bipartisan bill via voice vote Monday afternoon to add transparency to prosecutors' use of nondisclosure orders for telephone service providers.

Read full article » | Save to favorites »

Brief

House Passes Bill Adding Texas, California Court Sites

By Courtney Bublé

The House voted 378-10 on Monday evening to expand access to federal courts in Texas and California, the two most populous states in the nation.

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

Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week saw disputes over a $200 million federal grant, a $1.7 billion software take-private deal, the ouster of Better.com founder Vishal Garg and a proposed $4 million settlement stemming from an electric vehicle company's SPAC merger.

Read full article » | Save to favorites »

Roundup

Hub Hires: MassBar, Kirkland, Troutman

By Chris Villani

Massachusetts' legal landscape saw a sizzling summer finish, with several major firms making hires. Kirkland added a veteran white collar defense attorney, Troutman bolstered its real estate team and Day Pitney nabbed an experienced corporate attorney.

Read full article » | Save to favorites »