SEC's Uyeda Says ERISA Needs Litigation Reform To Curb Suits

By Jessica Corso

U.S. Securities and Exchange Commission member Mark Uyeda called for litigation reform Thursday aimed at stopping lawsuits filed under the Employee Retirement Income Security Act that he said discourage retirement plan fiduciaries from investing in the private markets.

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Winston-Led Mosaic Capital Secures $205M For 2nd Fund

By Jade Martinez-Pogue

Winston & Strawn LLP-advised private equity shop Mosaic Capital Partners LLC said Thursday that it closed its second small business investment company fund with $205 million in tow.

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Nokia, Tesi Plug €100M Into Partnership With AI Defense Biz

By Jade Martinez-Pogue

Telecommunications giant Nokia and European artificial intelligence lab NestAI on Thursday announced a strategic partnership for AI-powered defense solutions, featuring a €100 million ($115.4 million) investment into NestAI by Nokia and Finnish investment company Tesi.

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FTC Withdraws In-House GTCR Merger Case

By Matthew Perlman

The Federal Trade Commission withdrew its administrative case challenging GTCR BC Holdings LLC's acquisition of a medical coatings supplier to consider whether to drop the case entirely after an Illinois federal judge refused to put the merger on hold.

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MVP: Ropes & Gray's Chau Le

By Andrea Keckley

Chau Le of Ropes & Gray LLP's private equity practice has worked on a range of lucrative deals and investments, often for long-standing clients, that has included simultaneously advising on a $10 billion debt exchange merger and a $7.6 billion acquisition that stemmed from an alternative asset management firm's previous purchase of a 30% stake in DirecTV, earning her a spot as one of the 2025 Law360 Private Equity MVPs.

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X Corp. Ends $90M Fee Suit Against Wachtell

By James Mills

X Corp. has ended its California state lawsuit against Wachtell Lipton Rosen & Katz over $90 million in legal fees tied to the fight over Elon Musk's purchase of Twitter, according to a court filing.

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Chancery Says $33M Nikola Deal 'More Than Fair'

By Jarek Rutz

Delaware Chancellor Kathaleen St. J. McCormick granted final approval Thursday to a pair of settlements totaling more than $33 million, including more than $1.8 million in fees and expenses, resolving years of shareholder litigation tied to Nikola Corp.'s fraud-shadowed SPAC merger.

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Ex-Flooring Co. CEO Sues Over $0 Stock Repurchase

By Jarek Rutz

The former CEO of a Pennsylvania-based flooring company has filed a lawsuit in the Delaware Chancery Court accusing two acquiring companies of weaponizing a cause termination to justify repurchasing his equity for zero dollars after he pursued an outside career opportunity.

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Deals Rumor Mill

Big Beer, Bots And Billion-Dollar Bids Top Week's Rumors

By Al Barbarino

Private equity dealmaking and artificial intelligence investment continued to generate a steady flow of market chatter this past week, as reports pointed to fresh fundraising efforts, potential take-private bids, and early-stage talks across the technology, energy and consumer sectors.

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Husch Blackwell Adds Jackson Walker RE Pro In Texas

By Lynn LaRowe

Husch Blackwell LLP announced Thursday that it is continuing to expand its national real estate practice with the addition of an attorney in Austin, Texas, who came aboard from Jackson Walker LLP.

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Rule Amendments Pave Path For A Privilege Claim 'Offensive'

Litigators should consider leveraging forthcoming amendments to the Federal Rules of Civil Procedure, which will require early negotiations of privilege-related discovery claims, by taking an offensive posture toward privilege logs at the outset of discovery, says David Ben-Meir at Ben-Meir Law.

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Series

My Miniature Livestock Farm Makes Me A Better Lawyer

Raising miniature livestock on my farm, where I am fully present with the animals, is an almost meditative time that allows me to return to work invigorated, ready to juggle numerous responsibilities and motivated to tackle hard issues in new ways, says Ted Kobus at BakerHostetler.

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Bonus Spotlight

Texas Boutique Giving Associates Bonuses Of Up To $135K

By Tracey Read

Texas complex commercial litigation boutique Vartabedian Hester & Haynes LLP announced Friday that it will reward associates with additional year-end bonuses of up to $135,000 by Dec. 31, while more firms said they'd match or exceed the prevailing BigLaw scale.

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Atty Had 6 AI Tools Check Each Other, Yet Fakes Still Cited

By Andrea Keckley

A California federal judge has sanctioned a solo practitioner representing the plaintiffs in a proposed wage and hour class action against clothing brand Vuori Inc. after he admitted to using about a half-dozen artificial intelligence tools to prepare a motion.

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Fenwick & West Must Face New Claims In FTX Crypto MDL

By Madison Arnold

A Florida federal judge signed off on a bid to file new claims against Fenwick & West LLP by victims of the infamous FTX Trading Ltd. cryptocurrency scam after they argued that new information had emerged about the firm's alleged role in the trading platform's collapse.

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Google Calls Rumble's Judge Recusal Bid 'Cynical Maneuver'

By Rae Ann Varona

Google argued Friday that a California federal judge need not recuse himself from YouTube rival Rumble's antitrust suit despite his friendship with Google's top in-house litigation chief, saying Rumble's push for the recusal was a "cynical maneuver" for its Ninth Circuit appeal of a summary judgment loss.

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Ex-Gordon Rees Atty Reprimanded For Mistakes Blamed On AI

By Rose Krebs

An Alabama bankruptcy judge won't sanction Gordon Rees Scully Mansukhani LLC for a filing submitted by one of its former lawyers that contained mistakes blamed on artificial intelligence, but has reprimanded the attorney and ordered her to notify her clients about the reprimand.

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Worker Says Morgan & Morgan Fired Her Over Fraud Concern

By Irene Spezzamonte

Injury law firm Morgan & Morgan PA fired a case manager after she voiced a concern about fraudulent client hospital records she said the firm gave to opposing counsel to snag more favorable settlements and failed to pay overtime, according to a suit in California state court.

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Tort Report: Ga. Injury Suits Surge Ahead Of Tort Reform

By Y. Peter Kang

Word of a big surge in Georgia injury lawsuits ahead of tort reform legislation and a $66 million Atlanta nightclub shooting judgment lead Law360's Tort Report, which compiles recent personal injury and medical malpractice news that may have flown under the radar.

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Ex-US Trustee Director's Firing Appeal Tossed, For Now

By Clara Geoghegan

The former head of the U.S. Department of Justice's bankruptcy watchdog program had her appeal challenging her abrupt firing dismissed, at least for now, while a federal agency mulls questions around executive power in separate cases.

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DOJ Will Speed Some Classified Discovery In Bolton Case

By Jared Foretek

Federal prosecutors agreed Friday to accelerate their classified discovery timeline in the prosecution of John Bolton, as a Maryland federal judge pressed them to move faster.

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Ga. Justices Spell Out How Atty Ads Can Be Misleading

By Emily Johnson

The Georgia Supreme Court has updated the State Bar of Georgia's rule that prohibits attorneys from misleading the public in advertising their services, defining how lawyers' messaging in ads could run afoul of the state's rule and possibly lead to disbarment.

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DC Judge Backs Local Grand Jury's Federal Indictment Power

By Jared Foretek

Following a D.C. federal judge's Thursday ruling that the city's unique legal structure allows prosecutors to bring indictments from local grand juries to federal court, a District of Columbia man on Friday asked the court to stay the ruling for five business days.

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Roundup

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

By Laura Stewart Liberty

This past week in London has seen Clyde & Co. face a claim from Yorkshire firm GWB Harthills, a property developer previously investigated over suspected bribery and corruption sue the general counsel and solicitor to HM Revenue and Customs, and sportswear giant Gymshark bring an intellectual property claim against its co-founder's rival company, AYBL. Here, Law360 looks at these and other new claims in the U.K.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

This week's edition of GC Cheat Sheet explores which top legal officers take home the most money and why. And the general counsel of SolarWinds Corp. can finally leave its data breach regulatory problems behind after the Securities and Exchange Commission dropped its unprecedented case against the company and its chief information security officer.

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Law360's Legal Lions Of The Week

By Kevin Penton

Kellogg Hansen Todd Figel & Frederick PLLC leads this week's edition of Law360 Legal Lions, after a D.C. federal judge rejected a Federal Trade Commission suit accusing Meta Platforms of illegally monopolizing social media through its purchases of WhatsApp and Instagram.

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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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