4 Firms Build Ursa Major's $2.3B SPAC Merger

By Jade Martinez-Pogue

Aerospace and defense company Ursa Major Technologies Inc. on Tuesday unveiled plans to go public by merging with special purpose acquisition company Bleichroeder Acquisition Corp. III in a deal that boasts a post-transaction equity value of roughly $2.3 billion and was built by four law firms.

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2 Firms Guide Windjammer's $350M Smart Parking Co. Sale

By Isaac Monterose

Private equity investor Windjammer Capital will sell its smart parking infrastructure company IPS Group Inc. to online commerce platform Nayax Ltd. in a $350 million all-cash, no-debt sale guided by Kirkland & Ellis LLP and Reed Smith LLP, Windjammer and Nayax announced Tuesday.

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EasyJet, Apollo Extend Deadline For £5.7B Takeover Details

By Irene Madongo

The boards of easyJet and Apollo's acquisition vehicle have agreed to push back the deadline for publishing formal details of a proposed buyout worth approximately £5.7 billion ($7.8 billion) to mid-October, the budget airline said Tuesday.

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Del. Justices Say SPAC Proxy Claims Came Too Late

By Katryna Perera

The Delaware Supreme Court on Tuesday affirmed the dismissal of a special purpose acquisition company suit seeking damages tied to a $1.4 billion deal with an autonomous vehicle software provider, finding the plaintiff waited too long to sue.

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Autonomous Freight Biz Raises $200M In Series D Round

By Jade Martinez-Pogue

Autonomous trucking company Gatik on Tuesday revealed it had closed its latest funding round after securing $200 million in investor commitments, a move that comes as demand for driverless commercial freight increases.

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Emerald AI Hits $1.05B Valuation In $150M Series A Round

By Nate Beck

Emerald AI, a company developing software to reduce or change power usage of AI data centers while electric grids are under stress, said Tuesday that it raised $150 million in a funding round valuing the company at $1.05 billion.

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Mayer Brown Adds DLA Piper Finance Ace In Houston

By Lynn LaRowe

Mayer Brown LLP has bolstered its global leveraged finance and private capital group with a Houston-based partner who came aboard from DLA Piper.

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Jones Day Hires Corporate Pro From Freshfields In Munich

By Dawood Fakhir

U.S. law firm Jones Day has said it expanded its corporate practice in Europe with the addition of a former Freshfields LLP mergers and acquisitions specialist in Munich, Germany.

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What To Know As Legal Duty To Consider AI Takes Shape

While the U.K. Jurisdiction Taskforce’s recent statement on liability for artificial intelligence harms is nonbinding for both U.K. and U.S. lawyers, it highlights the importance of being able to distinguish between the availability of a tool and a professional obligation to use it, say Jonny Frank and Michael Costa at StoneTurn.

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Calif. Bill Curbing PE Role In Litigation Heads To Newsom

By Lauren Berg

A California bill to ban corporate investors from influencing litigation strategy is heading to Gov. Gavin Newsom's desk after passing with bipartisan support from the state Legislature.

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Pillsbury Settles Ex-Recruiting Director's Pregnancy Bias Suit

By Grace Elletson

Pillsbury Winthrop Shaw Pittman LLP has settled a Black former director's suit claiming the law firm fired her weeks after she shared that she was pregnant and would need accommodations, according to a Tennessee federal court filing.

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DOJ Flags Breach Of Internal Policies In Apple Suit

By Bryan Koenig

The U.S. Department of Justice told a New Jersey federal judge Tuesday that its staffers breached internal policies when they shared personally identifiable information with an outside discovery vendor that was hired not by the department, but instead by the DOJ's state attorneys general partners, in the monopolization case against Apple.

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Prosecutors Say Goldstein Must Stay Behind Bars

By Jared Foretek

Federal prosecutors told the Fourth Circuit on Tuesday to keep convicted Supreme Court attorney Thomas Goldstein behind bars while he appeals his conviction, arguing that he remains a serious flight risk with wealthy overseas connections and "an ongoing danger" whose tax crimes continued "even after conviction."

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Arizona Atty Reprimanded For Series Of AI Errors

By Matt Perez

An Arizona federal judge has formally reprimanded a lawyer who admitted to filing four briefs that contained errors including false quotes and a faulty case summary generated with artificial intelligence amid an employment discrimination suit, noting the lawyer previously faced sanctions on two separate occasions for violating court rules.

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House Committee Wants DOL IG To Widen Info-Sharing Probe

By Benjamin Morse

Top House Education and Workforce Committee Republicans urged the U.S. Department of Labor's watchdog Wednesday to expand its review of information-sharing arrangements with outside groups, asking whether three additional agencies improperly disclosed confidential investigative material during the Biden administration.

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