Clifford Chance Steers EQT On $2B Buy Of UK Broker McGill

By Joel Poultney

Swedish private equity firm EQT said Friday it would buy London-based insurance broker McGill and Partners from Warburg Pincus for $2 billion, in a deal guided by Clifford Chance LLP and Freshfields LLP. 

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Former Weil Private Funds Co-Head Joins Simpson Thacher

By Jade Martinez-Pogue

The former co-head of U.S. private funds at Weil Gotshal & Manges LLP will be making the jump to Simpson Thacher & Bartlett LLP as a partner in the firm's investment funds practice.

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Latham, Simpson Thacher Steer Oura's Expected $2.5B IPO

By Jade Martinez-Pogue

Fitness-tracking ring maker Oura has filed plans with the U.S. Securities and Exchange Commission for an initial public offering that could raise around $2.5 billion.

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Manhattan Tower Tenants Say Blackstone Overcharged Rents

By Isaac Monterose

A proposed class of tenants at a Manhattan skyscraper accused Blackstone Inc.'s BREIT Operating Partnership LP of overcharging for their rent-stabilized apartments and not properly registering them with the New York state government.

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Rent The Runway Inks $9M Deal To End Investor IPO Suit

By Sydney Price

Rent the Runway Inc. and several of its directors, including actress Gwyneth Paltrow, and underwriters have reached a $9 million deal with shareholders who accused them of concealing major challenges the designer rental company was facing prior to its 2021 initial public offering.

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SVB Parent's Claim Loss To FDIC Bears Bond Wording Lesson

A North Carolina federal court’s recent ruling that the Federal Deposit Insurance Corp., as receiver for the collapsed Silicon Valley Bank, solely owns a $73 million fraud claim illustrates why parent financial institutions should scrutinize joint assured provisions in fidelity bonds to prevent a failed subsidiary's covered losses going to a receiver, say attorneys at McGuireWoods.

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ABA Law School Accrediting Arm Repeals Diversity Standard

By Emma Cueto and Andrea Keckley

The American Bar Association council responsible for law school accreditation voted Tuesday to eliminate its diversity and inclusion standard, the final step in a process that the council hopes will ensure it remains an accreditor recognized by the U.S. Department of Education.

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Ex-DLA Piper Partner Must Face Claim He Raped Associate

By Lynn LaRowe

A Massachusetts state court has ruled it has jurisdiction over an assault and battery claim alleging a former DLA Piper partner raped a former Boston-based associate in Delaware, finding that purported incident was part of "a larger course of conduct encompassing multiple torts across several states, all circling around plaintiff's residence and work in Massachusetts."

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5th Circ. Backs Ax Of $125M Judgment Over Judge Friendship

By Mike Curley

A split Fifth Circuit panel Tuesday affirmed the vacatur of a trial by a magistrate judge that resulted in a $125 million judgment against Port of Lake Charles, finding the district court correctly found that the magistrate judge didn't fully disclose her 40-year, "close, multifaceted, and personal friendship" with IFG Port Holdings LLC's attorney.

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AG Blanche To Speak At GOP Midterm Convention

By Courtney Bublé

Attorney General Todd Blanche will speak at the Republican midterm convention this week in his "personal capacity."

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week saw disputes involving a former NFL star and a $2.5 million solar venture, Morgan Stanley's role in Fox Corp.'s planned $22 billion acquisition of Roku Inc., and JPMorgan Chase & Co.'s effort to pause more than $20 million in legal-fee payments to former Frank executives.

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