EQT To Buy US Property Investment Manager For $550M

By Dawood Fakhir

EQT AB said Thursday that it has agreed to buy U.S. real estate investment manager Stockbridge for up to $550 million to expand its property sectors, investment products and client base in America.

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4 Firms Steer $6.1B CCC Intelligent Solutions Take-Private

By Al Barbarino

Four law firms are advising on an agreement announced Thursday to take insurance software provider CCC Intelligent Solutions Holdings Inc. private at an enterprise value of about $6.1 billion.

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OrbiMed Closes 2 Latest Funds With Combined $3B In Tow

By Jade Martinez-Pogue

Healthcare-focused investment firm OrbiMed on Thursday revealed that it has secured $3 billion of investor commitments across its two latest private equity funds.

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NYC Comptroller Urges Anthropic To Ease Risks Before IPO

By Nate Beck

New York City Comptroller Mark Levine is urging Anthropic PBC to pause plans for an initial public offering it says could value the company at $2 trillion, calling on the business to first resolve concerns over the technology's governance, safety and development pace.

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Exec Who Tried To Buy UK Soccer Club Cops To $500M Fraud

By Pete Brush

A Florida executive who once tried to buy England's Everton soccer club told a New York federal judge Thursday that he engaged in a large-scale financial sham, copping to fraud charges ahead of his scheduled Monday trial.

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Deals Rumor Mill

General Atlantic Targets IPO At $10B Valuation, More Rumors

By Jade Martinez-Pogue

Private equity firm General Atlantic is considering a 2027 initial public offering that could value it at up to $10 billion; Amazon is in talks to acquire artificial intelligence company Decart in a transaction that could be worth around $7 billion; and Australian real estate investment trust AirTrunk has delayed its planned Singaporean initial public offering.

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International Paper Weighs EMEA Sale As Bidders Emerge

By Al Barbarino

International Paper Co. said Thursday it is evaluating a potential sale of its Europe, Middle East and Africa packaging business following unsolicited inquiries from prospective buyers, after previously announcing a planned spinoff of the unit.

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Earth Sues Ex-CEO Over Walmart Business, Arbitration

By Jarek Rutz

Earth Enterprises Inc. and two affiliated investment entities have sued former company chief Philippe Meynard in the Delaware Chancery Court, seeking to block him from expanding a Massachusetts arbitration while also accusing him of hiding the loss of Walmart business before a 2021 sale and later putting his own interests ahead of Earth Enterprises. 

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Texas Appeals Court Says Perot VC Suit Belongs In Biz Court

By Spencer Brewer

A Texas appellate court on Thursday found that a multimillion-dollar suit brought by a Dallas businessman against billionaire Ross Perot Jr. belongs in the Texas Business Court, saying the businessman's claims arose from the sale of a healthcare company.

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Foley Hoag Hires Miles & Stockbridge M&A Atty In DC

By Jack Rodgers

Foley Hoag LLP has hired a mergers and acquisitions and private equity-focused attorney from Miles & Stockbridge PC who has joined in Washington, D.C., as a partner to work on strategic financial transactions, private fund formation and more.

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Parsing The Latest Signals On FTC Section 5 Enforcement

Federal Trade Commission cases brought over the last several years and Commissioner Mark Meador’s recent call for stand-alone Section 5 enforcement suggest businesses should prepare for continued scrutiny of conduct beyond traditional antitrust violations, particularly in essential goods, technology and labor markets, say attorneys at Axinn.

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Mayer Brown Lands 2 Sheppard FDA Partners

By Tracey Read

Mayer Brown LLP has bolstered its life sciences capabilities with two former Sheppard partners, including that firm's former U.S. Food and Drug Administration practice leader.

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Greenberg Traurig Hires Sidley Private Funds Atty In Chicago

By Jack Rodgers

Greenberg Traurig LLP has hired a former Sidley Austin LLP counsel, who spent nearly a decade before her last law firm position working with Balyasny Asset Management in a range of related legal roles, the firm recently announced.

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Analysis

Expect These Post-Midterm Probes If The Hill Changes Hands

By Phillip Bantz

The top investigative priorities of a potentially Democratic-controlled Congress are coming into sharper focus with the midterms weeks away and could impact an array of companies and individuals in technology, finance and energy, experts say.

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White & Case Taps 47 Partners In Largest US Class Since 2022

By Ashish Sareen

White & Case LLP has elevated 47 lawyers to its partnership, its largest promotion round since a record 59 lawyers became partners at the start of 2022.

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Law360's Legal Lions Of The Week

By Kevin Penton

Schlichter Bogard LLC leads this week's edition of Law360 Legal Lions, after the full Eleventh Circuit overturned decades-old precedent that took a strict view of when federal benefits law claims could be brought in court.

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Dems Press Kirkland Again For Details Of $125M Trump Deal

By Courtney Bublé

A trio of congressional Democrats once again accused Kirkland & Ellis LLP of subverting their oversight requests into the $125 million deal the firm cut with the Trump administration last year.

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Ex-Legal Tech Co. Exec Says Pregnancy Got Her Fired

By George Woolston

A legal technology company abruptly fired its director of partnerships after it learned she was pregnant, and has since withheld a nearly $40,000 bonus, according to a lawsuit lodged in New Jersey state court.

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Google Users' $85M Fee Ask Stalls Over 'Utterly Lacking' Bill

By Dorothy Atkins

A California federal judge on Thursday rejected an $85 million attorney fee request following a $700 million settlement in a consumer-led case against Google, ruling that counsel's submitted billing records are "utterly lacking in information demonstrating what work was done and for what purpose," while granting leave to amend the request.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

The top investigative priorities of a potentially Democratic-controlled Congress are coming into sharper focus with the midterms just weeks away and could impact companies in various sectors. In the meantime, one BigLaw firm formed a board to oversee the use of artificial intelligence and evaluate proposals from its practice groups and sectors. These are some of the stories in corporate legal news you may have missed in the past week.

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Monopoly Allegations Test ABA's Role In Legal Education

By Emma Cueto

The American Bar Association is facing mounting claims that the council responsible for law school accreditation acts as a monopoly, an accusation levied amid a broader, politicized battle over the future of legal education.

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Brief

Cooley Reportedly Matches Milbank Pay Scale Starting In '27

By Matt Perez

Cooley LLP will reportedly increase U.S. associate base compensation in line with the pay scale set by Milbank LLP in June beginning on Jan. 1.

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Analysis

Could A Criminal Sentencing Case Upend Loper Bright?

By Katie Buehler

U.S. Supreme Court Justice Neil Gorsuch is concerned that a ruling instructing trial courts to defer to the U.S. Sentencing Commission's interpretation of federal sentencing guidelines could blow a "pretty big hole" in the court's recent rejection of deference doctrines. His colleagues, however, don't appear as perturbed.

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Google Class Attys Get $22.7M Despite Hourly Rate Rebuke

By Dorothy Atkins

A California federal judge has approved Google's $68 million class action settlement to resolve a long-running privacy suit, including class counsel's requested $22.67 million fee award, commending the parties' hard work while also criticizing a plaintiffs attorney's "patently unreasonable" proposed $3,000 hourly rate.

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Survey Of Ill. Attys Reveals Mental Health Struggles, Stigma

By Celeste Bott

A survey of nearly 7,000 Illinois lawyers found roughly 20% rated their mental health as fair or poor, according to an Illinois Supreme Court commission report documenting the toll of workplace stress on the state's attorneys and judges, their alcohol and drug use, and barriers to getting them care.

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San Benito Foods Deal Gets Early OK, With Notice Concerns

By Jonathan Capriel

A California federal judge has given her initial blessing to a nearly $1 million deal that would end a Monterey Bay-area township's lawsuit against a tomato cannery that claimed the cannery's noxious odors diminished residents' property values.

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Balancing The Scales: Criminal Appeals, Sentencing Rules

By Orlando Lorenzo

The Second Circuit has been ordered to take another look at a murder-for-hire conviction in light of the high court's new miscarriage-of-justice exception for criminal appeal waivers, and the top courts in Pennsylvania and Michigan will look at the retroactivity of new sentencing rules. Here, Law360 highlights access to justice stories arising from litigation, verdicts and judgments you may have missed.

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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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