Private investment company Bridgepoint Group PLC said Monday that it will buy Kayne Anderson, an alternative real estate investor, for $1.4 billion in a deal steered by Simpson Thacher and Kirkland.
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Simpson Thacher Steers Bridgepoint On $1.4B Investor Buy

By Najiyya Budaly

Private investment company Bridgepoint Group PLC said Monday that it will buy Kayne Anderson, an alternative real estate investor, for $1.4 billion in a deal steered by Simpson Thacher and Kirkland.

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Analysis

High Court Gives Fed Independence A 'Fragile' Reprieve

By Jon Hill

The U.S. Supreme Court has thrown its weight behind Federal Reserve independence by rejecting President Donald Trump's bid to immediately oust Fed Gov. Lisa Cook, but experts say the fight over central bank control may not be finished — just moving to a new phase.

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High Court Lets Fed's Lisa Cook Keep Job For Now

By Jon Hill

The U.S. Supreme Court ruled Monday that Federal Reserve Gov. Lisa Cook cannot be immediately removed from her post, a setback for President Donald Trump as he seeks to further remake the central bank's leadership.

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3 Firms Build $752M Sale Of Cardinal Natural Gas Businesses

By Jade Martinez-Pogue

Willkie Farr & Gallagher LLP-led independent midstream energy company Cardinal Midstream Partners LLC on Monday revealed that it has agreed to sell its Cardinal Delaware Basin LLC and Cardinal New Mexico LLC to San Mateo Midstream LLC, led by Baker Botts LLP and O'Melveny & Myers LLP, in a $752 million deal.

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Korn Ferry Buys PE-Backed AMS In $1.1B Deal

By Jade Martinez-Pogue

Organizational consulting firm Korn Ferry, advised by Blank Rome LLP, on Monday announced plans to acquire private equity-backed British talent and consulting firm AMS in a roughly £850 million ($1.1 billion) transaction.

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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 controlling stockholders, executive compensation, take-private transactions, books and records demands and board governance, while the Delaware Supreme Court issued decisions in two corporate records cases previously decided in the Chancery.

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Harvey Gulf CEO Sued In Chancery Over Alleged Control Grab

By Jarek Rutz

Black Diamond-affiliated investment funds sued Harvey Gulf International Marine Inc.'s chief executive and other major stockholders in the Delaware Chancery Court, alleging they improperly orchestrated a stock transfer that gave CEO Shane J. Guidry majority control of the offshore vessel company.

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BNY Mellon Investors Can Appeal Loss In Self-Dealing Suit

By Katryna Perera

A Pennsylvania federal judge has granted two Bank of New York Mellon investors' bid to appeal an order dismissing their claims that the bank breached investment management agreements by investing in underperforming mutual funds with which it was affiliated.

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PEOPLE

King & Spalding Adds Another Proskauer Funds Co-Head

By Andrea Keckley

King & Spalding LLP has hired another former practice leader from Proskauer Rose LLP amid its ongoing efforts to build out its fund finance capabilities, the firm announced Monday.

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Debevoise Hires Ropes & Gray Finance Partner In NYC

By Matt Perez

Debevoise & Plimpton LLP announced on Monday the hiring of a partner at Ropes & Gray LLP for its leveraged and corporate finance practice in New York.

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EXPERT ANALYSIS

Ill. Law Firm MSO Bill Clashes With Court Power, Ethics Rules

An Illinois bill prohibiting law firms from certain business arrangements with management service organizations, sent to the governor for signature last week, encroaches upon the courts' constitutional powers and goes beyond the Illinois Rules of Professional Conduct in regulating investment in law-related services, says Matthew O’Hara at Smith Gambrell.

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LEGAL INDUSTRY

Trump Nominates Just Confirmed La. Judge For 5th Circ.

By Courtney Bublé

Judge Anna St. John has been on the federal bench for less than four months, and now she's being elevated to a higher court.

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High Court Scraps Caps On Coordinated Campaign Spending

By Katie Buehler and Jeff Overley

The U.S. Supreme Court on Tuesday struck down federal limits on political party spending in coordination with individual candidates, agreeing with a Republican-led challenge that the caps violate the First Amendment.

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Gordon Rees Adds 8 Partners In Northern California

By Tracey Read

Gordon Rees Scully Mansukhani LLP has expanded its offices in Northern California with eight new partners who have expertise in multiple practice areas, a firm spokesperson told Law360 Pulse on Tuesday.

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NY State Bar Wants New Bar Exam Rules For Emergencies

By Kevin Penton

Following two recent incidents that drew scrutiny over their handling, the New York State Bar Association is calling for new standardized protocols to be followed should emergencies occur during the administration of the bar exam.

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NC City Beats Ex-Paralegal's Besmirched Reputation Suit

By Hayley Fowler

A North Carolina city's characterization of how a fired paralegal allegedly misused city resources is not enough to sustain her suit accusing the city of trampling on her reputation and using her as a scapegoat for her boss's misdeeds, a federal judge said in throwing out the case.

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Uber, FedEx Slam Pa. Law Firm Counterclaims In RICO Suit

By James Boyle

Philadelphia-based personal injury firm Simon & Simon PC and its founder have failed to support a counterclaim in Pennsylvania federal court saying Uber Technologies Inc. and FedEx Corp. filed a sham litigation and abused the legal process with their ongoing RICO complaint against the firm, the companies argued Monday.

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Buchalter Real Estate Partner Joins Holland & Knight In LA

By Adrian Cruz

Holland & Knight LLP announced that an experienced real estate finance attorney who most recently practiced at Buchalter PC has joined the firm's Los Angeles office as a partner.

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Office Snapshot: Hogan Lovells Set To Reclaim Turf In Boston

By Chris Villani

Amid Hogan Lovells' rapid growth in multiple practice areas and ahead of its merger with Cadwalader Wickersham & Taft LLP, the firm has expanded its downtown Boston office to include space for more than a dozen additional attorneys.

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NJ Assembly Passes Litigation Funding Disclosure Bill

By Jake Maher

The New Jersey Assembly passed a bill requiring the disclosure of third-party litigation funding arrangements on Tuesday by an overwhelming margin after similar pending legislation in the state Senate received pushback from trial lawyers and litigation finance representatives.

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McCarter Atty Says He Didn't Know NY Law Before $20M Deals

By Brian Steele

A onetime McCarter & English LLP partner in Hartford testified Tuesday that he did not research New York's municipal contracting laws before helping two insurers enter into doomed $20 million loan repayment agreements with a Long Island town, but contended that he was under no obligation to do so.

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COMPANIES IN TODAY'S NEWS

Aegerion Pharmaceuticals Inc.

BC Partners

BNP Paribas SA

BNY Mellon Investment Management

Boston College

Bridgepoint Advisers Ltd.

Brookfield Asset Management Ltd.

Cardinal Midstream Partners

Chewy Inc.

Competitive Enterprise Institute

Democratic National Committee

EnCap Flatrock Midstream

EnCap Investments LP

FedEx Corp.

First Capital, Inc.

Fordham University

Gleason Corp.

Golden Gate University

Grifols SA

Hamilton Lincoln

Ingram Micro Holding Corp.

International Legal Finance Association

JPMorgan Chase & Co.

Johns Hopkins University

Kayne Anderson Capital Advisors LP

Korn Ferry International

LinkedIn Corp.

London Stock Exchange Group PLC

Moelis & Co.

Morgan Stanley

New Jersey Association for Justice

New Jersey State Bar Association

New York State Bar Association

OMERS Administration Corp.

Platinum Equity LLC

Quikrete Holdings Inc.

Regeneron Pharmaceuticals Inc.

Southwestern Law School

Summit Materials Inc.

TJC LP

TerraForm Power Inc.

The Bank of New York Mellon Corp.

The Goldman Sachs Group Inc.

The Trade Desk Inc.

Uber Technologies Inc.

University of Southern California

University of the Pacific

Willis Towers Watson PLC

ZipRecruiter Inc.

LAW FIRMS IN TODAY'S NEWS

Baker Botts

Balch & Bingham

Blank Rome

Buchalter LLP

Chipman Brown

Clement & Murphy

Cooley LLP

Councill Gunnemann

Covington & Burling

Debevoise & Plimpton

Dentons

Dowd & Dowd Ltd

Elias Law Group LLP

Epstein Becker

Gordon Rees

Harris Beach Murtha

Hinshaw & Culbertson

Hogan Lovells

Holland & Knight

Jones Day

Jones Kelleher

King & Spalding

Kirkland & Ellis

Latham & Watkins

Levinson Arshonsky

Lewis Brisbois

Lowell & Associates

Mayer Brown

McCarter & English

Muro & Lampe

Noonan Willetts

O'Melveny & Myers

Perkins Coie

Proskauer Rose

Reed Smith

Ropes & Gray

Silver Golub

Simon & Simon PC

Simpson Thacher & Bartlett

Sklar Kirsh

Slaughter Reagan

Smith Gambrell

Stone Kalfus

Tuggle Duggins

Wiggin & Dana

Willkie Farr

Winston Taylor

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Executive Office of the President

Federal Election Commission

Federal Reserve System

Illinois General Assembly

Illinois Supreme Court

New York Attorney General's Office

U.S. Court of Appeals for the Fifth Circuit

U.S. Department of Justice

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

U.S. District Court for the District of Columbia

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

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

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

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

U.S. Senate

U.S. Sentencing Commission

U.S. Supreme Court