Blackstone-Led Group Invests $5.3B In Pipeline Co. Williams

By Jade Martinez-Pogue

Williams, a pipeline operator represented by Davis Polk & Wardwell LLP, announced Monday it has secured a roughly $5.3 billion investment from a partnership of private equity sponsors led by Blackstone Credit & Insurance, which is advised by Kirkland & Ellis LLP, to support the development of five power production projects.

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Strategics Dominated N. America Dealmaking In 1st Half Of '26

By Al Barbarino

Corporate buyers seized a record share of North American dealmaking in the first half of 2026, powering a surge in M&A volumes while private equity activity pulled back amid higher financing costs and valuation gaps, according to a Mergermarket report. 

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Kirkland-Led Warren Wraps $2.8B 5th Fund

By Jade Martinez-Pogue

Infrastructure solutions investor Warren Equity Partners Manager LP, led by Kirkland & Ellis LLP, on Monday revealed that it closed its fifth fund with $2.8 billion of investor commitments.

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3 Firms Steer $1.6B Sale Of Industrial Distributor FloWorks

By Al Barbarino

Ferguson Enterprises said Monday it has agreed to acquire industrial flow-control distributor FloWorks from private equity firm Wynnchurch Capital in a deal valuing FloWorks at about $1.6 billion, about 3½ years after Wynnchurch acquired the business.

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$725M Liquid Nails Deal Would Harm Market, FTC Tells Judge

By Pete Brush

Loctite maker Henkel's planned $725 million acquisition of Liquid Nails would create a construction adhesives market behemoth with a "staggering" 80% retail share, the Federal Trade Commission told a Manhattan federal judge Monday as it challenges the deal.

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TransDigm Won't Go Head To Head With DOJ On Stellant Deal

By Nadia Dreid

Aircraft parts maker TransDigm has abandoned its $960 million plan to buy private equity-owned Stellant Systems after the U.S. Department of Justice told the companies it planned to take the matter to court if they decided to go through with it.

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FTC Secures $12M Settlement Over Edwards-JC Medical Deal

By Jared Foretek

California-based Edwards Lifesciences and Singapore's Genesis Medtech agreed to pay a combined $12 million to settle claims from the Federal Trade Commission that Edwards attempted to evade the Hart-Scott-Rodino notification and waiting period when it acquired medical device maker JC Medical from Genesis in 2024.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court last week handled disputes involving corporate control, post-closing competition, executive departures, arbitration awards and shareholder litigation.

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Vodka Co. Looks To Block Golf Tour's Use Of 'LIV' Trademark

By Alex Lawson

A New York distillery has asked a federal judge to scuttle the formerly Saudi-backed golf tour's use of the "LIV" trademark for alcohol sales, arguing that the tour is threatening to diminish its brand.

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Pot Co. Dismissal Fight In Del. Turns On Director Releases

By Jarek Rutz

Investors suing cannabis company Parallel urged the Delaware Chancery Court on Monday to deny motions to dismiss their derivative suit, arguing that directors compromised their independence by granting themselves sweeping liability releases, while defense counsel countered that the releases provided no meaningful benefit beyond existing charter protections.

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NC Co.'s $9.8M Indemnity Payment Not Covered, Insurers Say

By Hope Patti

A building products manufacturer is not entitled to coverage after reimbursing its financial adviser $9.8 million for defense and settlement costs incurred in litigation over a take-private transaction, the company's excess directors and officers insurers told a North Carolina federal court.

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BlackRock's Mutual Fund Accounting Inflated Fees, Suit Says

By Lauren Berg

Asset manager BlackRock Inc.'s accounting practices artificially inflated the values of more than 70 of its mutual funds, saddling investors with higher management fees and cutting into the dividends they might have collected, according to a proposed class action lodged Monday in New York state court.

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Simpson Thacher Adds Insurance Trio From 2 Firms

By Andrea Keckley

Simpson Thacher & Bartlett LLP announced Monday that it has brought two Clifford Chance LLP attorneys and one Mayer Brown LLP attorney to its mergers and acquisitions practice, touting their experience in insurance M&A, reinsurance, private equity-backed insurance transactions and complex regulatory matters.

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McDermott Hires Weil Dealmaker In NY To Co-Head PE Group

By Tracey Read

McDermott Will & Schulte LLP announced Monday that it has hired a private equity attorney to co-head its global private equity group in a move that matches the firm's ambitions for its new state-of-the-art midtown Manhattan office.

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Fiduciary Duty Risks In Continuation Vehicle Transactions

Continuation vehicle transactions have become prominent in private equity, but conflicts may arise due to transaction structures and implicate fiduciary duties, with a recent Delaware case highlighting several procedural considerations for sponsors, say attorneys at Debevoise.

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Future Of Fed Independence Shaky After Justices' Ruling

The U.S. Supreme Court's recent ruling in Trump v. Cook preserved the Federal Reserve's formal independence but could invite the president to remove board members with just modest protections, leaving the central bank's autonomy uncertain and potentially setting up fresh clashes over other agencies, says Steven Schwinn at the University of Chicago.

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Blanche Called Anti-Weaponization Fund 'Mistake,' Per Durbin

By Courtney Bublé

Acting Attorney General Todd Blanche said on Tuesday the anti-weaponization fund created as part of the president's settlement with the IRS was "a mistake," according to Sen. Dick Durbin, D-Ill., after his meeting with Blanche.

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Justices Seek More Funds Over Increased Threats, Talk Ethics

By Courtney Bublé

U.S. Supreme Court Justices Amy Coney Barrett and Elena Kagan made rare Capitol Hill appearances Tuesday, discussing the court's budget request for fiscal 2027, the "shadow docket" and ethics issues.

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Quinn Emanuel, Spiro Ousted From CoStar Copyright Fight

By Elliot Weld

A California federal judge has disqualified Quinn Emanuel Urquhart & Sullivan LLP and its attorney Alex Spiro from representing a commercial real estate platform in a copyright infringement suit brought by CoStar, agreeing that the firm's representation of CoStar in a different case should result in its removal from this one.

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Bronx Defenders Union OKs Strike 1 Year After Last Walkout

By Andrea Keckley

The Bronx Defenders has become the third New York City-based legal aid organization to authorize a strike this month, which comes just one year after the group's most recent walkout.

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Brief

Trump Lawyer Matthew Schwartz Confirmed To 2nd Circ.

By Courtney Bublé

The Senate voted 50-45, along party lines, on Tuesday to confirm Matthew Schwartz, one of President Donald Trump's personal attorneys and a partner at Sullivan & Cromwell LLP, to the U.S. Court of Appeals for the Second Circuit.

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Ky. Law Prof Wants Court To Block Judge For Dean Pick

By Hailey Konnath

A University of Kentucky law professor asked a federal court to block U.S. District Judge Gregory Van Tatenhove from becoming the next law school dean, claiming that the appointment has "stripped the faculty" of their credibility on the basis of peer review.

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Calif. Bar Settles With Administrators Of 'Disastrous' Bar Exam

By Andrea Keckley

The State Bar of California has reached a settlement with the administrators of its "disastrous" February 2025 bar exam, whose array of highly publicized technical glitches prevented hundreds of aspiring lawyers from completing the test.

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