Kirkland-Led Court Square Capital Raises $3.8B

By Jade Martinez-Pogue

Kirkland & Ellis LLP-advised private equity shop Court Square Capital Partners on Thursday announced that it wrapped its fifth fund with roughly $3.8 billion of capital commitments, marking the firm's largest fundraise to date.

Read full article » | Save to favorites »

DOL Urges 11th Circ. To Scrap ERISA Exhaustion Rule

By Kellie Mejdrich

The U.S. Department of Labor urged the full Eleventh Circuit to overturn precedent making it the only appellate court requiring workers to exhaust administrative remedies before bringing any statutory claims under the Employee Retirement Income Security Act. arguing that the standard is unfair and in conflict with ERISA.

Brief attached | Read full article » | Save to favorites »

6 Firms Steer Terra Quantum's Plans For $3.25B SPAC Merger

By Jade Martinez-Pogue

Swiss quantum technology company Terra Quantum AG on Thursday unveiled plans to go public by merging with American special purpose acquisition company Mountain Lake Acquisition Corp. II in a deal that values it at $3.25 billion and was built by six law firms.

Read full article » | Save to favorites »

SiFive Raises $400M To Spur Data Center Tech Push

By Isaac Monterose

Semiconductor startup SiFive surpassed its fundraising target for its data center technology plans by securing $400 million worth of Series G financing from a group of investors that included companies such as lead investor Atreides Management, NVIDIA and Apollo Global Management, the company announced Thursday.

Read full article » | Save to favorites »

SEC Accuses VC Fund Of Management Fee Fraud

By Sarah Jarvis

The U.S. Securities and Exchange Commission on Thursday sued Backswing Ventures GP LLC and its principal in a Florida federal court, alleging the venture capital firm paid itself seven times as much money in management fees than it told investors it would.

Complaint attached | Read full article » | Save to favorites »

Deals Rumor Mill

SpaceX Plans Record Retail Slice In IPO, And Other Rumors

By Al Barbarino

As SpaceX prepares what could be the largest initial public offering ever, executives reportedly told the company's bankers that it plans to allocate a record portion of shares to retail investors, drawing comparisons to the so-called meme stock frenzy of 2021. 

Read full article » | Save to favorites »

New US Lithium Biz Formed Through $571M SPAC Merger

By Jade Martinez-Pogue

A new American lithium development company announced plans to go public Thursday through a $571 million merger between Australian Jindalee Lithium Ltd. and special purpose acquisition company Constellation Acquisition Corp. I in a deal built by three law firms.

Read full article » | Save to favorites »

Recent Bank Resolution Filings Stress Readiness Over Docs

Against the backdrop of banking regulators' recent emphasis on institutional readiness in the event of a bank failure, a review of more than a dozen public resolution plan submissions points to an immediate future in which regulators and banks alike prioritize operational preparedness over extensive documentation, say attorneys at Moore & Van Allen.

Read full article » | Save to favorites »

Series

Alpine Skiing Makes Me A Better Lawyer

Skiing has shaped habits I rely on daily as an attorney — focus, resilience and the ability to remain steady when circumstances shift rapidly — and influences the way I approach legal strategy, client counseling and teamwork, says Isaku Begert at Marshall Gerstein.

Read full article » | Save to favorites »

DLA Piper Partner Rejects Pregnant Atty's Account Of Firing

By Pete Brush

The DLA Piper partner who fired a pregnant associate said she did so lawfully, telling a Manhattan federal jury her former employee was "in over her head" and disputing that the associate raised pregnancy bias concerns on a termination call.

Read full article » | Save to favorites »

Trump Taps Personal Atty For 2nd Circ.

By Courtney Bublé

President Donald Trump announced on Friday evening he's tapping Matthew Schwartz, his attorney in the New York hush money case, for the U.S. Court of Appeals for the Second Circuit. 

Read full article » | Save to favorites »

Calif. Atty Avoids Sanctions For Filing Bogus Citations With AI

By Matt Perez

A California attorney has avoided sanctions over his use of artificial intelligence for a filing in a civil rights case, which resulted in false citations.

Order attached | Read full article » | Save to favorites »

NJ Justices Won't Review Beasley Allen's DQ From Talc Cases

By George Woolston

The New Jersey Supreme Court has declined to review a lower court's order booting the Beasley Allen Law Firm from multicounty litigation in the Garden State over Johnson & Johnson's talcum powder, according to an order made public Friday.

Order attached | Read full article » | Save to favorites »

6th Circ. Won't Revisit EFAA Ruling Against Adams & Reese

By Patrick Hoff

The Sixth Circuit said it won't reconsider its ruling that a law barring mandatory arbitration of sexual harassment cases kept a former Adams & Reese LLP paralegal's sex harassment and disability bias suit in court, concluding that the firm's objections were already considered.

Order attached | Read full article » | Save to favorites »

Conn. Justices Block Agency's Bias Probe Into Atty Licensing

By Brian Steele

Because citizens blocked the legislature from reviewing court decisions when ratifying the state's 1818 constitution, a Connecticut human rights agency has no power to investigate alleged bias in attorney licensing decisions, the Connecticut Supreme Court ruled Friday in a unanimous opinion.

Opinion attached | Read full article » | Save to favorites »

Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

The past week in London has seen the owner of an oil tanker stuck in the Strait of Hormuz sued by an energy company and an insurer, law firm Boodle Hatfield LLP and two Serle Court barristers sued by a group of Winston Churchill's great-grandchildren, and Welsh Water hit with a fresh class action over polluted rivers.

Read full article » | Save to favorites »

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

Other states might follow the lead of California and break with President Donald Trump's policies in implementing guardrails for state agencies to contract with AI companies. And after three individual indictments last month for selling banned tech to China, Supermicro has hired Munger Tolles & Olson LLP to conduct an independent investigation, assigned its general counsel to lead an internal compliance review, and shaken up its compliance leadership.

Read full article » | Save to favorites »

Law360's Legal Lions Of The Week

By Andrea Keckley

Two personal injury firms in Michigan lead this week's edition of Law360 Legal Lions for their work to secure a more than $300 million verdict against a prison health services provider and one of its doctors for refusing to approve a 34-year-old man's surgery while he was detained at a local jail.

Read full article » | Save to favorites »

In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

Read full article » | Save to favorites »