CVC Ends Bodycote Pursuit As Veritas' £1.85B Offer Accepted

By Irene Madongo

CVC said Monday that it will not go ahead with its proposed takeover of Bodycote after the thermal-processing company's board backed a rival £1.85 billion ($2.5 billion) offer from Veritas.

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Brixmor, Everview Team Up On $2.34B Grocery REIT Buy

By Al Barbarino

Brixmor Property Group and private investment firm Everview Partners have agreed to acquire Canadian-listed Slate Grocery REIT in a transaction valued at about $2.34 billion, the companies said Monday, with at least seven law firms advising on the deal.

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Kirkland, White & Case Lead Defense Firm's $1.25B SPAC Deal

By Al Barbarino

REDLattice and blank check company Bold Eagle Acquisition Corp. said Monday they have agreed to merge in a deal that would take the cyber intelligence company public at a $1.25 billion premoney enterprise value.

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Lantheus Investor Asks Court To Halt 'Unfair' $8B Curium Deal

By Julie Manganis

A Lantheus Holdings Inc. investor wants a Massachusetts state judge to block its $8 billion take-private deal with fellow radiopharmaceutical company Curium in its current form, calling the deal "fundamentally unfair" to shareholders.

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Personal Assistant AI Biz Instinct Reaches $10B Valuation

By Jade Martinez-Pogue

Artificial intelligence company Instinct on Monday revealed that its valuation soared to $10 billion after it raised $1 billion in its latest funding round.

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Nextdoor, Khosla Say Investor Brought De-SPAC Suit Too Late

By Jarek Rutz

Nextdoor and Khosla Ventures urged the Delaware Chancery Court on Monday to dismiss a stockholder lawsuit challenging Nextdoor's de-SPAC merger as untimely, arguing the clock began running when the proxy that an investor described as misleading was issued in October 2021, while the plaintiff insisted later disclosures and tolling doctrines keep her claims alive.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week heard arguments over whether to dismiss a derivative suit accusing UiPath Inc. insiders of misleading investors and trading on inside information, while a Match Group Inc. stockholder sued for records concerning reports of sexual assault and other violence involving users of the company's dating apps.

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Policyholders Say RICO Plot 'Pillaged' Insurer's Assets

By Aaron Keller

A private equity firm and a financial services business have been hit with civil racketeering claims by the holders of a combined $5 million in PHL Variable Insurance Co. policies, but whose benefits were capped at just $300,000 during a Connecticut state-managed rehabilitation effort.

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Cannabis Distributor Says Partner Denied Its $332K Stake

By Jonathan Capriel

The manager of a Los Angeles cannabis cultivation facility seized an entire harvest without his business partner's permission, selling much of it until armed men raided the facility and took a significant portion of the inventory, according to a state lawsuit seeking more than $300,000 for the iced-out partner.

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3 Firms Lead $663.7M Lifecore Biomedical Take-Private Deal

By Jade Martinez-Pogue

Lifecore Biomedical Inc. on Monday unveiled plans to become a private company after it is bought by private equity shop Webster Equity Partners in a deal valued at up to $663.7 million that was built by three law firms.

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Broadfield, Loeb Guide $587M Aerospace SPAC Deal

By Jade Martinez-Pogue

Aerospace and defense company Astro Digital US, advised by Broadfield LLP, on Monday announced plans to go public by merging with Loeb & Loeb LLP-led special purpose acquisition company Proem Acquisition Corp I in a deal that values it at a pro forma post-money enterprise value of roughly $587 million.

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Cravath PE Leader Returns To Weil In NY

By Andrea Keckley

Weil Gotshal & Manges LLP has announced that Cravath Swaine & Moore LLP's head of private equity is returning to the firm in New York, saying the move "comes at a time of significant investment and growth at the firm."

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3rd Circ. Affirms Thomson Reuters' Westlaw AI Copyright Win

By Ivan Moreno

The Third Circuit on Tuesday upheld Thomson Reuters' victory against Ross Intelligence Inc. in the first U.S. appellate ruling to address whether artificial intelligence training can be fair use of copyrighted material, upholding a Delaware federal court's decision that the startup infringed Westlaw headnotes by using material derived from them to develop an AI-powered legal search tool.

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11th Circ. Won't Pause Sanctions Against Trump In IRS Case

By Jack McLoone

An Eleventh Circuit panel refused Tuesday to pause a district court's sanctions order barring President Donald Trump and others from citing the agreement he made to settle his $10 billion suit against the Internal Revenue Service while they appeal the order.

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DC Circ. Weighs Limits On Boasberg's Contempt Inquiry

By Jared Foretek

A top Justice Department official told an en banc D.C. Circuit panel that a district judge should refer former Homeland Security Secretary Kristi Noem for contempt over the 2025 deportation flights to El Salvador and move on, saying the judge had no authority to wrap others into his inquiry.

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Jack Smith Says He Won't Be Intimidated By Trump Threats

By Courtney Bublé

Former special counsel Jack Smith testified on Tuesday he "will not be silenced" by threats of prosecution by the president or others.

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Baker Botts Atty Disputes Inventor's Claim Of Defamation Deal

By Madison Arnold

A Baker Botts LLP patent attorney is pushing back on an inventor's claim that they reached a settlement agreement in the inventor's defamation suit in Florida federal court.

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Richards Layton Atty's Chancery Nomination Advanced

By Rose Krebs

A Delaware senate committee Tuesday advanced the nomination for a Richards Layton & Finger PA director to serve as a vice chancellor on the nationally important Chancery Court, with him vowing to continue the court's esteemed legacy for corporate law jurisprudence.

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