11th Circ. Lowers Bar For Getting ERISA Claims Into Court

By Kellie Mejdrich

The full Eleventh Circuit on Tuesday overturned decades-old precedent that took a strict view of when federal benefits law claims could be brought in court, reviving a proposed class action alleging mismanagement of a seafood company's employee stock ownership plan.

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Bumble Going Private In $1.3B Sale To Ithaca Holdings

By Al Barbarino

Dating app Bumble said Tuesday that it has agreed to be acquired by recently launched technology investment firm Ithaca Holdings in an all-cash deal valuing the company at $1.3 billion, with four law firms advising.

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Restaurant-Focused PE Firm Wraps $201.5M 3rd Fund

By Jade Martinez-Pogue

Restaurant-focused private equity firm Savory Fund on Tuesday revealed that it closed its third fund slightly above target after securing $201.5 million of investor commitments.

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Brief

X, Musk Reach Fresh Deal In Twitter Severance Class Action

By Dorothy Atkins

Elon Musk, X Corp. and its affiliate holding companies have reached a new deal to resolve a proposed class action by former Twitter Inc. workers over severance benefits related to Musk's take-private acquisition of the social media giant.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court last week saw stockholders challenge Nvidia Corp.'s roughly $20 billion deal with artificial intelligence chipmaker Groq Inc., Hertz Global Holdings Inc.'s electric vehicle strategy and more than $1.5 billion in Humana Inc. stock buybacks.

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Bay Point Sues Del. Fund For Books And Records

By Jarek Rutz

Bay Point Capital Partners II LP has sued a Delaware investment fund and its general partner in the Delaware Chancery Court, seeking access to financial records and other documents after Bay Point acquired a limited partnership interest through a foreclosure earlier this year.

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Reed Smith Names New Chair Of Global Private Equity Group

By Tracey Read

Reed Smith LLP announced Tuesday that a New York partner has been named global chair of its private equity group.

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McDermott Will Hires Ex-Greenberg RE Atty For NYC Office

By Isaac Monterose

McDermott Will & Schulte has hired former Greenberg Traurig LLP real estate finance attorney Paul K. Kovachev to be a partner in its transactions practice group in New York City, the firm announced.

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Nelson Mullins Sued In SC Over October Data Breach

By Jake Maher

Nelson Mullins Riley & Scarborough LLP has been hit with a proposed class action in South Carolina federal court over a data breach that took place in early October.

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Justices Won't Eye 'Weaponized' Sanctions Of Election Attys

By Jeff Overley

Despite outrage among Ninth Circuit conservatives, the U.S. Supreme Court declined Tuesday to scrutinize six-figure sanctions of lawyers who challenged Arizona election protocols, leaving intact discipline designed to "send a message."

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Reddit Fights Proskauer's 'Hot Potato' AI Client Bid In IP Suit

By Dorothy Atkins

Reddit Inc. has urged a New York federal judge to block its former law firm Proskauer Rose from defending Perplexity AI in Reddit's suit over alleged data scraping used to train artificial intelligence models, arguing the firm can't represent Perplexity after dropping Reddit as a client like ‌a "hot potato."

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Pa. Firm Can't Toss Uber's RICO Claims Over Insurer Payouts

By Linda Chiem

A Pennsylvania federal judge allowed Uber to pursue Racketeer Influenced and Corrupt Organizations Act claims alleging a Philadelphia personal injury firm schemed with healthcare providers to fabricate medical records and inflate accident claims involving Uber and FedEx drivers, saying Uber doesn't lose standing just because its insurer paid its legal fees in underlying litigation.

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DOJ Cites Privacy Concerns In Rejecting NM Epstein Files Bid

By Courtney Bublé

The U.S. Department of Justice has rebuffed the state of New Mexico's request for the unredacted Jeffrey Epstein files for its investigation into possible crimes at Epstein's Zorro Ranch, saying it would hinder law enforcement operations.

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Case Dropped Against Judge Accused Of Endorsing Violence

By Madison Arnold

Ethics charges against a Florida state court judge in Jacksonville alleging he made comments appearing to endorse violence, convey bias and demean individuals during several proceedings last year have been dropped.

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What The Justices Won't Hear: A Roundup Of Cert Denials

By Taylor Bowie

The U.S. Supreme Court declined to grant a writ of certiorari to another batch of applications Tuesday, including cases involving six-figure sanctions, wine shipment laws and overtime claims. 

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