Kirkland-Led PE Firm To Buy UK Software Biz For £208M

By Dawood Fakhir

Private equity firm Accel-KKR said Thursday that it has agreed to acquire British software company Eleco in a cash deal valuing it at approximately £207.6 million ($281 million) after an unsolicited approach earlier in 2026.

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AI Biz Motive Secures $1.3B From General Catalyst

By Jade Martinez-Pogue

Artificial intelligence company Motive on Thursday announced that it secured over $1.3 billion in growth financing, which will be used to boost its platform and scale its go-to-market teams.

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Frazier Life Sciences Adds $1.1B To Its Public Fund

By Jade Martinez-Pogue

Healthcare-focused investment firm Frazier Life Sciences on Thursday revealed that it has closed on more than $1.1 billion of new capital commitments for its Public Fund.

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Fed Colluded With Wall Street On New Capital Rules, Suit Says

By Katryna Perera

The Federal Reserve Board and its vice chair for supervision, Michelle Bowman, were sued on Thursday by Wall Street reform group Better Markets Inc., which alleges Bowman secretly met with the heads of Wall Street giants to manipulate the newly proposed U.S. bank capital rules.

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3 Firms Steer $2.55B Enbridge-Tallgrass Crude Oil Deal

By Al Barbarino

Enbridge Inc. has agreed to buy the crude oil business of Tallgrass Energy for $2.55 billion in cash, expanding its pipeline network in the U.S. Rockies, with three law firms advising on the transaction. 

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Deals Rumor Mill

TPG, Blue Owl, CVC Exploring Deals, And More Rumors

By Al Barbarino

Private equity firm TPG may be looking to sell Lyric, which could value the healthcare software company at $5 billion; asset manager Blue Owl Capital is exploring the launch of a real estate investment trust; and CVC Capital Partners could sell personal care company Arthea at a $2 billion valuation. 

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Drone Co., Ex-VP Reach Deal Resolving Pay, Sabotage Claims

By Hayley Fowler

A company that makes emergency response drones and its former vice president of sales have settled a dispute in which the executive alleged he was stiffed on pay and the company accused him of trying to sabotage its business, court records show.

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PwC Will Pay $96M To Settle Valeant Investor Class Claims

By Brian Steele

PricewaterhouseCoopers LLP has agreed to pay $96 million to end a long-running securities fraud suit over an alleged market manipulation scheme by Bausch predecessor Valeant Pharmaceuticals, the plaintiffs told a New Jersey federal court Thursday.

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Reed Smith Continues Private Capital Growth With Two Hires

By Daniel Moritz-Rabson

Reed Smith LLP announced two new hires to its private capital team on Wednesday as the firm continues rapidly expanding the platform.

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5 Practice Tips After DOJ's Healthcare Fraud Declination

In light of the U.S. Department of Justice's decision to not prosecute Campus Eye Management under the agency's new corporate enforcement and voluntary self-disclosure policy, healthcare companies should keep several considerations in mind when weighing their risk and self-disclosure strategy, including the distinctions between reporting to the DOJ versus other government agencies, say attorneys at Haynes Boone.

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Series

Juggling And Unicycling Make Me A Better Lawyer

Because I juggle (sometimes with fire) and ride the unicycle, friends and family used to joke that I should join the circus, but I pursued the practice of law instead and learned that my hobbies benefit my profession in several important ways, says Morgan Eddy at Smith Currie.

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ABA Study Shows 20% Of Attys Under Severe Mental Distress

By Tracey Read

About one-fifth of attorneys across the country meet moderate-to-extremely severe symptom thresholds for depression, anxiety and stress, according to the largest-ever study of mental health and well-being in the legal profession.

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Mass. Judge Sanctioned Over Handling Of ICE At Courthouse

By Julie Manganis

Massachusetts' highest court on Thursday sanctioned a judge over her handling of a case involving a defendant wanted by immigration agents in 2018, an incident that led to federal charges that were dismissed after the judge agreed to a disciplinary process.

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Ed Martin Reprimanded Over Unauthorized FBI Contacts

By Courtney Bublé

Last summer, when Ed Martin was still head of the weaponization working group at the U.S. Department of Justice, he was reprimanded after his team communicated with the FBI without authorization, according to recently released emails.

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2 At DOJ Sued Over Conn. Immigration Court Record Access

By Christine DeRosa

The American Civil Liberties Union Foundation of Connecticut has filed suit in Connecticut federal court challenging the Hartford Immigration Court's refusal to provide access to immigration court records.

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JPMorgan Aided Ex-Atty Kossoff's $18.5M Theft, Trustee Says

By Hailey Konnath

The Chapter 7 trustee representing bankrupt firm Kossoff PLLC on Wednesday sued JPMorgan Chase Bank NA, claiming the bank helped the firm's principal steal at least $18.5 million from clients, and it "should be made to account."

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Analysis

Executive Privilege Questions Cloud Congressional Probe Prep

By Phillip Bantz

As corporate leaders brace for the possibility of Democrats retaking control of Congress and launching aggressive investigations into the Trump administration's dealings with a vast array of companies, attorneys say a U.S. Justice Department opinion on executive privilege could complicate the probes.

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DOJ Urges High Court To Revisit 9th Circ.'s Bar Of Nev. US Atty

By Madison Arnold

The Justice Department has asked the U.S. Supreme Court to revisit a recent Ninth Circuit ruling disqualifying the Trump administration's top federal prosecutor in Nevada, calling it a decision that imposes "ongoing confusion" in the executive branch.

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Jay-Z Can't Undo Buzbee's Win In Rapper's Defamation Suit

By Y. Peter Kang

A California state appeals court has refused to revive claims that Texas attorney Tony Buzbee defamed and extorted music superstar Jay-Z by roping him into a sexual abuse suit against Sean "Diddy" Combs, saying the case was properly thrown out under California's free speech statute.

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