3 Firms Build Peterson Partners' $510M Continuation Fund

By Jade Martinez-Pogue

Salt Lake City-based private equity shop Peterson Partners LLC on Wednesday revealed that it has raised $510 million for a single-asset continuation vehicle that will allow the firm to maintain its position in mechanical contractor Kelso Industries.

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J.P. Morgan Asset Management Wraps $1.1B Real Estate Fund

By Jade Martinez-Pogue

J.P. Morgan Asset Management on Wednesday announced that it closed its latest real estate fund with $1.1 billion in tow.

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GC-Backed Fund GCVC Launches, Backing 2 Legal Startups

By Matt Perez

GCVC, an early-stage venture fund founded by a former attorney at Fenwick & West LLP and current general counsel and chief compliance officer at property payment platform Bilt Technologies Inc., launched on Wednesday with the announcement of its first two investments.

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Nuclear Energy Firm HGP Going Public Via $1.2B SPAC Deal

By Jade Martinez-Pogue

Energy infrastructure developer HGP Intelligent Energy LLC has unveiled plans to go public by merging with special purpose acquisition company Meshflow Acquisition Corp. in a deal that boasts a pro forma equity value of roughly $1.2 billion and was built by three law firms.

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Labaton Reboots Whistleblower Practice With Ex-SEC Chair

By Jessica Corso

Investor-side firm Labaton Keller Sucharow LLP has tapped two former U.S. Securities and Exchange Commission veterans to lead a new practice representing whistleblowers before the SEC and other federal regulators, reviving a service that the firm provided five years ago.

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Klarna Wants Out Of Investor Action Over Loan Risks

By Sydney Price

Payments company Klarna Group PLC has asked a New York federal court to dismiss it from an investor suit accusing it of damaging shareholders by failing to disclose losses associated with its "buy now, pay later" loans ahead of its 2025 initial public offering, saying its projections were neither inaccurate nor misleading.

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Defunct Tax Startup CEO Charged In $13.3M Investor Fraud

By Gina Kim

The CEO of a defunct tax-compliance startup has been arrested on fraud charges based on allegations she defrauded investors out of more than $13 million by lying about her credentials and her company's revenues, the U.S. Department of Justice said Wednesday.

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Lowenstein Sandler Adds ExodusPoint GC As NY Partner

By Tracey Read

Lowenstein Sandler LLP has expanded its investment management and private funds group by adding a pair of attorneys in New York, including an incoming partner with both in-house and BigLaw experience.

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Cozen O'Connor Brings On Sheppard Corporate Atty In Miami

By Madison Arnold

Cozen O'Connor has continued its South Florida expansion with the addition of a new startup attorney to its corporate practice group from Sheppard.

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ABA Study Shows 20% Of Attys Under Severe Mental Distress

By Tracey Read

About one-fifth of attorneys across the country meet moderate-to-extremely severe symptom thresholds for depression, anxiety and stress, according to the largest-ever study of mental health and well-being in the legal profession.

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Mass. Judge Sanctioned Over Handling Of ICE At Courthouse

By Julie Manganis

Massachusetts' highest court on Thursday sanctioned a judge over her handling of a case involving a defendant wanted by immigration agents in 2018, an incident that led to federal charges that were dismissed after the judge agreed to a disciplinary process.

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Akerman Brings On Troutman Debt Finance Pro In LA

By Christine DeRosa

Akerman LLP announced Thursday it has added an experienced debt finance attorney from Troutman Pepper Locke LLP to its corporate practice group in Los Angeles.

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Legal Network TerraLex Names Norton Rose Exec As CEO

By James Boyle

Florida-based legal network TerraLex has tapped a former executive at Norton Rose Fulbright to serve as the company's CEO.

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AI-Native Approach Offers Chance To Rethink In-House Depts.

By Jake Maher

Artificial intelligence is giving corporate legal departments the opportunity to rethink how work is divided between outside counsel and in-house attorneys, but the pace of change in technology and demands to adapt from corporate heads remain challenges, in-house leaders said this week at an industry event.

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2 At DOJ Sued Over Conn. Immigration Court Record Access

By Christine DeRosa

The American Civil Liberties Union Foundation of Connecticut has filed suit in Connecticut federal court challenging the Hartford Immigration Court's refusal to provide access to immigration court records.

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