US Middle Market PE Surge Expected After Strong 2025

By Al Barbarino

U.S. middle market private equity dealmakers are signaling renewed optimism, with the vast majority expecting a meaningful jump in buyout activity over the next two years after a robust 2025, according to survey results published on Thursday. 

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SEC Disgorgement Powers Stay Intact After High Court Fight

By Jessica Corso

The U.S. Supreme Court on Thursday said that the U.S. Securities and Exchange Commission could collect ill-gotten gains from alleged fraudsters without having to identify victims who were financially harmed by the fraud, declining to place further limits on the agency's disgorgement powers six years after it last did so.

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Data Center Power Co. Innio Prices Upsized $2.4B IPO

By Nate Beck

Innio, a manufacturer of gas engines used to power artificial intelligence systems, began trading Thursday on the Nasdaq after raising $2.4 billion in an upsized initial public offering guided by Latham & Watkins LLP and Milbank LLP.

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Latham, Davis Polk Lead Quantinuum's Upsized $1.7B IPO

By Jade Martinez-Pogue

Quantum computer developer Quantinuum hit the public markets on Thursday after raising $1.7 billion in its initial public offering steered by Latham & Watkins LLP and Davis Polk & Wardwell LLP.

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Parking Cos. Face Privacy Class Action Over Plate Readers

By Aneeta Mathur-Ashton

Four private parking operators and technology vendors in Maryland are facing a proposed privacy class action after five drivers accused them of illegally pulling their personal information from the state DMV to send them invoices with exorbitant fees.

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Kirkland, Palantir Team Up On AI Platform For PE Fundraising

By Matt Perez

Kirkland & Ellis LLP announced on Thursday a partnership with data giant and military supplier Palantir Technologies to launch a proprietary enterprise platform designed around private equity fundraising.

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Brief

Simpson Thacher, Davis Polk Lead Liftoff Mobile's $437M IPO

By Nadia Dreid

AI-powered advertising platform Liftoff Mobile Inc. hit public markets Thursday, raising $437 million in its initial public offering that was steered by Simpson Thacher & Bartlett LLP and Davis Polk & Wardwell LLP.

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Advent Co-Leads $200M Funding Round For AI Biz Coralogix

By Dawood Fakhir

Data processing company Coralogix has raised $200 million in its latest funding round, which was led by private equity firms Advent International, Greenfield Partners and Canada Pension Plan Investment Board, to boost its artificial intelligence capabilities.

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Deals Rumor Mill

Anthropic, DeepSeek Pivot To New Financing, More Rumors

By Al Barbarino

Anthropic and China's DeepSeek are among a growing group of AI firms turning to new financing structures to meet surging demand for compute power. Reports indicate that private equity giants are assembling a $36 billion private credit vehicle to help fund Anthropic access to certain Google chips, while DeepSeek has reportedly broken from its earlier strategy by arranging more than $7 billion in outside funding.

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AI Co. Midnight Labs Gets Sony Innovation Fund Investment

By Matt Perez

Midnight Labs, a Dublin-based artificial intelligence company focused on intellectual property enforcement, announced Thursday it received an investment from the Sony Innovation Fund to expand its software in the U.S. and Japanese markets.

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Citron Founder Verdict Tests Reach Of 'Half-Truth' Fraud

A California federal jury's conviction this week of Citron founder Andrew Left may be remembered less as a conventional manipulation prosecution than as a case about how far the "half-truth" doctrine can reach when applied to modern market speech, says Elisha Kobre at Sheppard.

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Series

Competing At Poker Makes Me A Better Lawyer

Playing poker in male-dominated rooms taught me to treat skepticism as background noise when my opponents seem to underestimate me, to apply pressure when it matters and to adapt without losing strategic discipline — skills that are all indispensable in restructuring and insolvency matters, says Alexis Gambale at Pashman Stein.

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Roundup

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

By Megan Norcott

The past week in London has seen the U.K.'s oldest Indian restaurant launch an appeal against King Charles III's property company in an effort to stop its eviction, trustees of a bankrupt former EY tax partner file a claim against his wife, and 37 leading insurers bring a lawsuit against agrichemical company Syngenta over an insurance dispute. Here, Law360 looks at these and other new claims in the U.K.

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Katten Is Latest Firm To Match Milbank Associate Pay Raise

By Kevin Penton

Katten Muchin Rosenman LLP has joined the growing list of firms that are largely matching a new pay scale for associates set earlier this week by Milbank LLP, with attorneys set to see annual pay increases of $10,000 to $20,000.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

Among the stories in corporate legal news you may have missed in the past week, investor advocates have questioned the legality of the SEC's plan to withdraw corporate climate disclosure regulations, and an insurance broker's report found claims made under policies for mergers and acquisitions have risen in frequency and severity.

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North Korea Sanctions Case Ends In Plea After 2 Mistrials

By Phillip Bantz

A Chinese national pled guilty on Thursday in D.C. federal court to conspiracy to defraud the U.S. in a sanctions evasion scheme involving North Korean tobacco smuggling, bringing an end to a protracted prosecution after two separate deadlocked juries.

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ICE Atty's Bid To Ax Contempt Order Is 'Absurd,' Amicus Says

By Emily Sawicki

A court-appointed amicus curae has told the Eighth Circuit that a Minnesota federal judge was right to hold a government attorney in contempt after finding that U.S. Immigration and Customs Enforcement flouted a court order, leading to a detained man being released hundreds of miles from his home without legal identification.

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Morgan & Morgan Explores Private Equity Investment Options

By Emma Cueto

The nation's largest personal injury firm, Morgan & Morgan, is exploring its options with regard to a potential private equity investment, with the firm saying Friday it is in the early stages of understanding what such an investment might mean and whether it is a good opportunity or "fool's gold."

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Law360's Legal Lions Of The Week

By Kevin Penton

Winston Taylor leads this week's edition of Law360 Legal Lions, after the U.S. Supreme Court ended a patent suit over Hikma Pharmaceuticals USA Inc.'s generic version of a heart drug that uses a so-called skinny label.

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Titan Of The Plaintiffs Bar: Morgan & Morgan's John Yanchunis

By Matt Perez

John Yanchunis of Morgan & Morgan PA has been at the forefront of data privacy litigation for nearly three decades, but what stands out to his colleague Ryan McGee is not the litany of wins but the attorney's humility.

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Legal Job Market Surges With Special Litigation, Gov't Work

By Tracey Read

The legal sector saw 1,200 more jobs in May after gaining 1,900 positions the month before, according to seasonally adjusted data released Friday by the U.S. Bureau of Labor Statistics.

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First Democrat Returns A Blue Slip For Judicial Nominee

By Courtney Bublé

Sen. John Fetterman, D-Pa., is the first Democratic senator in the second Trump administration to return a blue slip for a judicial nominee.

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DLA Piper Urges 2nd Circ. To End 'Vexatious' Malpractice Suit

By Emily Sawicki

The Second Circuit should uphold the dismissal of a Chinese software company's legal malpractice suit and $635,000 in sanctions against it and its lawyers, DLA Piper has argued, citing previous favorable rulings in the matter by a federal magistrate judge, district court judge, state justice and five-judge panel of the New York state appeals court.

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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.

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