Kirkland-Led Arctos Wraps $6.2B Inaugural Keystone Fund

By Jade Martinez-Pogue

KKR's Arctos, advised by Kirkland & Ellis LLP, on Tuesday revealed that it closed its latest fund with $6.2 billion of investor commitments, which will be used to target relationships with private fund sponsors in North America and Europe.

Read full article » | Save to favorites »

SEC's 2026 Agenda Eyes Exec Comp, Recordkeeping Reforms

By Jessica Corso & Aislinn Keely

The U.S. Securities and Exchange Commission has issued a new rulemaking agenda that highlights its plans to reduce executive compensation disclosure requirements at publicly traded companies and possible changes to broker-dealer recordkeeping requirements, while both it and the U.S. Commodity Futures Trading Commission are exploring new cryptocurrency rulemaking.

Read full article » | Save to favorites »

Weil-Led PE Firm To Buy German Tire-Maker's Unit For €4.25B

By Dawood Fakhir

Continental has said it will sell its rubber, plastics and industrial fabrics division ContiTech to investment firm Lone Star Funds in a deal worth up to €4.25 billion ($4.85 billion) as the German company moves to focus solely on manufacturing tires.

Read full article » | Save to favorites »

Ropes-Led SkyKnight Capital Clinches $2B For Its Fifth Fund

By Jade Martinez-Pogue

Ropes & Gray LLP-advised SkyKnight Capital LP on Tuesday announced that it has closed its fifth fund with $2 billion in tow.

Read full article » | Save to favorites »

Orrick-Led Nuclear Fuel Company Targets $356M IPO

By Jade Martinez-Pogue

Standard Nuclear, which makes fuel for small modular reactors across the U.S., unveiled plans on Tuesday for an estimated $356 million initial public offering steered by Orrick Herrington & Sutcliffe LLP and Davis Polk & Wardwell LLP.

Read full article » | Save to favorites »

Trump Depo Needed In Fla. Merger Suit, Ex-SPAC CEO Says

By David Minsky

The former CEO of a special purpose acquisition company that helped take Truth Social public urged a Florida judge Tuesday to allow President Donald Trump's deposition, arguing it's necessary to defend against a claim that he was targeted in a conspiracy to sign a merger agreement without his knowledge. 

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

Willow Bridge Reaches DOJ Deal To End Price-Fixing Claims

By Nate Beck

Dallas-based residential property manager Willow Bridge Property Co. has become the latest to reach a settlement with authorities in a North Carolina federal lawsuit accusing a host of landlords of fixing apartment prices using software from RealPage.

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

Wrigley Heir, Cannabis Co. Beat $25M Securities Fraud Suit

By Sam Reisman

A Florida federal judge on Monday tossed a $25 million securities fraud case against William "Beau" Wrigley Jr., heir to the chewing gum fortune, and the cannabis company he used to run, finding that the allegations brought by investors fell outside the ambit of federal securities law.

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

Pryor Cashman Adds Simpson Thacher Atty To Litigation Team

By Andrea Keckley

Pryor Cashman LLP said Tuesday it has continued growing its litigation group with a longtime Simpson Thacher & Bartlett LLP lawyer, who has represented "some of the most prominent names in private equity and finance," the firm said.

Read full article » | Save to favorites »

Sealing The Deal

How Gibson Dunn Helped SpaceX Pull Off Its $75B Global IPO

By Al Barbarino

When SpaceX completed its record-breaking $75 billion initial public offering last month, the transaction was notable not only for its size — the largest IPO ever — but also for breaking new ground in how public offerings can be structured to reach retail investors around the world.

Read full article » | Save to favorites »

CEO Cops To Conspiracy In BigLaw Insider Trading Case

By Sydney Price

A Dubai-based CEO and trader has pled guilty in Massachusetts federal court to charges that he worked with a former BigLaw associate and others to carry out a far-reaching insider trading scheme.

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

Justices To Defend Court's Budget In Rare Hill Testimony

By Courtney Bublé

U.S. Supreme Court Justices Amy Coney Barrett and Elena Kagan will testify before House and Senate committees on July 14, marking the first time in seven years that a sitting justice has gone before lawmakers.

Read full article » | Save to favorites »

Ex-DOJ Employees Tell Senate To Reject Blanche Nomination

By Emily Sawicki

Hundreds of former Justice Department employees and appointees urged the Senate in a Tuesday letter to reject the nomination of acting Attorney General Todd Blanche for the permanent role, particularly noting what they called Blanche's work toward politicizing the department.

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

ChatGPT Edits Weren't 'Knowing' Errors, Conn. Justices Told

By Aaron Keller

A GLG Law LLC lawyer who blamed ChatGPT for misquotes and citation errors in three filings told the Connecticut Supreme Court on Tuesday he did not violate an ethics rule requiring candor to the tribunal because his briefs, though inaccurate, contained correct assertions about the law.

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

Ogletree Co-Founder Deakins, 'Beacon Of Wisdom,' Dies At 90

By Emily Johnson

A co-founder of the global labor and employment juggernaut Ogletree Deakins Nash Smoak & Stewart PC died Monday after decades of helping shape the firm's values of honesty and transparency.

Read full article » | Save to favorites »

McCarter Atty's Work 'Fell Short' In $20M Deals, Judge Told

By Brian Steele

McCarter & English LLP and one of its Connecticut attorneys failed to uphold the applicable standard of care when advising insurers on $20 million worth of loan transactions that ultimately fell apart because the borrower stopped paying, an expert witness told a Connecticut state court on Tuesday.

Read full article » | Save to favorites »

House Dems Push To Ban Judges From Prediction Markets

By Emily Sawicki

Ranking members of the House Judiciary Committee on Tuesday called on the federal judiciary to ban judges from taking part in prediction markets amid growing concerns that court-related wagers could undermine judicial integrity.

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