AbbVie said Monday it has agreed to buy Apogee Therapeutics, a company developing therapies for inflammatory and immunological diseases, at a total equity value of approximately $10.9 billion, with Paul Weiss Rifkind Wharton & Garrison LLP and Kirkland & Ellis LLP advising. 
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Paul Weiss, Kirkland Steer $10.9B AbbVie, Apogee Deal

By Al Barbarino

AbbVie said Monday it has agreed to buy Apogee Therapeutics, a company developing therapies for inflammatory and immunological diseases, at a total equity value of approximately $10.9 billion, with Paul Weiss Rifkind Wharton & Garrison LLP and Kirkland & Ellis LLP advising. 

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AI Inference Biz Raises $1.5B In Series F Funding Round

By Jade Martinez-Pogue

Artificial intelligence inference company Baseten on Monday revealed that it closed its latest funding round after securing $1.5 billion of investor commitments.

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Owners Of NHL's Red Wings, Maple Leafs Partner With PWHL

By David Steele

Groups led by the owners of the NHL's Detroit Red Wings and Toronto Maple Leafs have made a substantial investment in the Professional Women's Hockey League, the first outside investment since its 2024 inception, the league announced on Monday.

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3 IPOs Could Raise $791M Combined As Listings Surge

By Jade Martinez-Pogue

Three companies spanning the broadband infrastructure, silver mining and e-scooter industries launched plans Monday for initial public offerings that could raise a combined $791 million if they price as planned during the week of June 29.

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POLICY & REGULATION

Senate Overwhelmingly Passes Landmark Housing Legislation

By Hailey Konnath

The U.S. Senate on Monday passed an amended version of landmark housing legislation focused on expanding housing supply and lowering housing costs with an 85-5 vote.

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LITIGATION

Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week handled disputes involving executive compensation, take-private transactions, books and records demands, tender offers and alleged insider misconduct.

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WaPo Wants Trump Media Sanctioned In $2.78B Suit

By Carolina Bolado

The Washington Post is asking for sanctions against President Donald Trump's social media company for what the Post alleges were repeated discovery violations in Trump's $2.78 billion defamation suit against the newspaper.

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PEOPLE

Loeb & Loeb Adds Cadwalader Finance Pro

By Anna Sanders

Loeb & Loeb LLP announced the addition of a trio of finance attorneys on Monday, including a partner from Cadwalader Wickersham & Taft LLP who has left before the firm's imminent merger with Hogan Lovells.

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BakerHostetler Corporate Team Gains Chicago Healthcare Pro

By Lauraann Wood

BakerHostetler announced Monday that it has added a healthcare-focused transactional partner to its business practice group to bolster its Chicago roster.

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EXPERT ANALYSIS

Risk Reduction Lessons For PE Firms From PowerSchool Suit

A California federal court's recent orders allowing claims against Bain Capital to proceed based on a data breach at its subsidiary PowerSchool indicate that private equity firms need to strategically approach acquisition activities to avoid cybersecurity risks, say attorneys at Womble Bond.

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LEGAL INDUSTRY

Attorney Reprimanded In $256M Defamation Case

By Rachel Rippetoe

A former Conrad & Scherer LLP managing partner must pay an Alabama coal company's attorney fees after being publicly reprimanded by an Alabama federal judge, who found he lied to the court and paid witnesses to change their testimony in his repeated lawsuits against the company.

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NJ Firm Accused Of 'Double-Dipping' On Pelvic Mesh Fees

By Daniel Connolly

Four women allege in a recently filed lawsuit that a New Jersey law firm overcharged them on legal fees related to a settlement in pelvic mesh litigation, and the recent lawsuit also relates to a long-running conflict between lawyers who formerly worked together.

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Justices Seek Input On NJ State Bar Diversity Challenge

By George Woolston

The U.S. Supreme Court has asked the federal government to weigh in on a Garden State appellate court's decision that approved a New Jersey State Bar Association system for fostering diversity in its leadership that was accused of being discriminatory.

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Blanche, Pirro Can't Be DQ'd From Trump DC Shooting Case

By Craig Clough

A D.C. federal judge held Monday that the man accused of attempting to assassinate President Donald Trump at the White House Correspondents' Association dinner can't disqualify U.S. Attorney Jeanine Pirro and acting Attorney General Todd Blanche from prosecuting him because of their presence at the dinner.

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COMPANIES IN TODAY'S NEWS

AbbVie Inc.

American Bankers Association

Apogee Therapeutics

Battery Ventures LP

Detroit Pistons

Detroit Red Wings

Detroit Tigers

Drummond

Drummond Co. Inc.

Durable Capital Partners LP

Fidelity National Financial Inc.

Francisco Partners

GameStop Corp.

Hilton Worldwide Holdings Inc.

Horizon Blue Cross Blue Shield of New Jersey

Itochu Corporation

Johnson & Johnson

Lime Micromobility

LinkedIn Corp.

Major League Baseball Inc.

Major League Soccer LLC

Nasdaq Inc.

New Jersey State Bar Association

Oaktree Capital Management

Optimum

PowerSchool Group LLC

Space Exploration Technologies Corp.

Spark Capital

The Bank of Nova Scotia

The Trade Desk Inc.

Toronto Maple Leafs

Toronto Raptors

Uber Technologies Inc.

University of Southern California

Venrock

Verizon Communications Inc.

WNBA Enterprises LLC

Wellington Management Co. LLP

WideOpenWest Finance LLC

LAW FIRMS IN TODAY'S NEWS

Advisors LLC

Baker & Hostetler

Brito PLLC

Christian & Small

Cleary Gottlieb

Conrad & Scherer

Consovoy McCarthy

Davis Polk

FBT Gibbons

Hogan Lovells

Jones Day

Katten Muchin

Kirkland & Ellis

Kropf Moseley

Latham & Watkins

Loeb & Loeb

Mazie Slater

McDermott Will & Schulte

Nagel Rice

Otterbourg PC

Paul Weiss

Pendley Baudin

Proskauer Rose

Robins Kaplan

Skadden Arps

Slater Slater

Starnes Davis

Thomas & LoCicero

Williams & Connolly

Womble Bond

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Federal Reserve System

New Jersey Supreme Court

U.S. Attorney's Office

U.S. Department of Housing and Urban Development

U.S. Department of Justice

U.S. District Court for the District of Columbia

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

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

U.S. House of Representatives

U.S. International Development Finance Corp.

U.S. Secret Service

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the Northern District of Alabama