Aon said Monday it has agreed to buy U.S. insurance broker USI from private equity firm KKR and other shareholders in a $17 billion deal that would expand the London-based insurer's presence in the U.S. middle-market insurance segment.
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TOP NEWS

Aon Buying KKR-Backed USI In $17B Middle-Market Push

By Al Barbarino

Aon said Monday it has agreed to buy U.S. insurance broker USI from private equity firm KKR and other shareholders in a $17 billion deal that would expand the London-based insurer's presence in the U.S. middle-market insurance segment.

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3 Firms Lead $4.4B Permian Midland Basin Asset Sale

By Jade Martinez-Pogue

Midstream energy company Oneok unveiled plans to acquire Brazos Midstream's Permian Midland Basin natural gas gathering and processing assets in a deal valued at roughly $4.425 billion and built by three law firms.

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Fund Says Investor Falsely Accused It Of '$600M Scam'

By David Minsky

A South Carolina private equity firm has sued an investor in Florida state court, alleging the investor defamed it in a series of emails to third parties that accused the firm of pulling off "a $600M scam" and asserted other false statements against it.

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LITIGATION

Baird Sues Colo. Firm Over Alleged Adviser-Poaching Scheme

By Zach Dupont

Robert W. Baird & Co. Inc. claimed in Colorado state court that a competing financial services firm is using false and misleading statements about its independence to lure away Baird advisers and clients, according to the company's complaint.

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Ex-Clifford Chance Attys Fight Bid To Toss Clawback Suit

By Ryan Boysen

The two partners facing a $6 million clawback demand by Clifford Chance LLP have again asked a federal judge to decide whether English or New York law should govern the arbitration, claiming the firm's partnership agreement is unclear.

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DEALS & FINANCING

SLB Buying Kelvion In $4.1B Data Center Cooling Deal

By Al Barbarino

Global energy technology company SLB said Monday it has agreed to acquire Apollo-backed Kelvion, a provider of thermal management and heat exchange technologies, in a $4.1 billion deal that SLB said will expand its role in the rapidly growing data center infrastructure space. 

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week saw disputes over a $200 million federal grant, a $1.7 billion software take-private deal, the ouster of Better.com founder Vishal Garg and a proposed $4 million settlement stemming from an electric vehicle company's SPAC merger.

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PEOPLE

Ex-Kirkland Private Funds Lawyer Joins Greenberg Traurig

By Jade Martinez-Pogue

Greenberg Traurig LLP has added former Kirkland & Ellis LLP lawyer Sheldon Hunt Laing as a shareholder to its private funds group in New York City.

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Weil Adds Private Equity Attys From Dechert, Kirkland In SF

By Tracey Read

Weil Gotshal & Manges LLP announced Monday that it has added two partners to its U.S. private equity group in San Francisco, including the former managing partner of Dechert LLP's office in the city.

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LEGAL INDUSTRY

How Did Litigants Fare In Judge Albright's 55 Patent Trials?

By Dani Kass

U.S. District Judge Alan Albright oversaw more than 50 patent trials between his 2018 arrival on the bench and planned Monday departure, and in a surprise for many attorneys, there was a near-even split between victories for patent owners and accused infringers.

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New Report Rings Alarm On Threats To Judicial Independence

By Jack Karp

Verbal attacks on judges, disinformation about the courts and the defiance of court orders are undermining the independence of the federal judiciary and significantly affecting individual judges' ability to do their jobs, a report out Monday says.

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Roundup

Defamation Litigation Roundup: NYT, J&J, Azerbaijan

By Theresa Schliep

In this month's review of defamation fights, Law360 details a jury verdict against The New York Times in a suit involving its reporting on a shooting in Alabama, and highlights a judge's decision to spare researchers from a suit by a Johnson & Johnson subsidiary over their talc research.

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House Passes Bill To Curb Secret Prosecutor Orders

By Courtney Bublé

The House passed a bipartisan bill via voice vote Monday afternoon to add transparency to prosecutors' use of nondisclosure orders for telephone service providers.

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Brief

House Passes Bill Adding Texas, California Court Sites

By Courtney Bublé

The House voted 378-10 on Monday evening to expand access to federal courts in Texas and California, the two most populous states in the nation.

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Roundup

Hub Hires: MassBar, Kirkland, Troutman

By Chris Villani

Massachusetts' legal landscape saw a sizzling summer finish, with several major firms making hires. Kirkland added a veteran white collar defense attorney, Troutman bolstered its real estate team and Day Pitney nabbed an experienced corporate attorney.

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COMPANIES IN TODAY'S NEWS

Apple Inc.

Bank of America Corp.

Brazos Midstream Holdings LLC

Cable News Network Inc.

Cisco Systems Inc.

Citigroup Inc.

Google LLC

Growth Corp.

Gryphon Investors

Huntsman Corp.

Johnson & Johnson

LinkedIn Corp.

Massachusetts Bar Association

McKinsey & Co. Inc.

NCR Corp.

Natera Inc.

New York University

ONEOK Inc.

Olin Corp.

Robert W. Baird & Co. Inc.

Space Exploration Technologies Corp.

Starbucks Corp.

The New York Times Co.

The University of Alabama System

UBS Group AG

Zuora Inc.

LAW FIRMS IN TODAY'S NEWS

Aaron Katz Law

Akin Gump

Ali & Lockwood

ArentFox Schiff

Baker Botts

Case Law Group

Choate Hall

Clark Hill

Clifford Chance

Cravath Swaine

Day Pitney

Dechert LLP

Desmarais LLP

Duane Morris

Freshfields

Gibson Dunn

Greenberg Traurig

Hinckley Allen

Holland & Knight

Kirkland & Ellis

Latham & Watkins

McDermott Will & Schulte

Meritz Reddy

Milbank LLP

Munck Wilson

Munger Tolles

Nixon Peabody

Norton Rose

Paul Weiss

Prince Glover

Proskauer Rose

Ropes & Gray

Rubin Rudman

Sidley Austin

Simpson Thacher & Bartlett

Skadden Arps

Sutton Booker

Troutman

Troutman & Troutman

Weil Gotshal

Williams Barber

Willkie Farr

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Federal Bureau of Investigation

Office of the Director of National Intelligence

Patent Trial and Appeal Board

U.S. Department of Energy

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the District of Delaware

U.S. District Court for the Eastern District of Texas

U.S. District Court for the Eastern District of Virginia

U.S. District Court for the Southern District of California

U.S. District Court for the Southern District of Florida

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Texas

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the District of Colorado

United States District Court for the Northern District of Alabama