Debevoise Guides EQT On €1B European Satellite Biz Funding

By Dawood Fakhir

Investment giant EQT said Wednesday that it co-led a €1 billion ($1.15 billion) funding round for Finnish aerospace startup Iceye through its newly launched Scaleup Europe Fund, a day after the European Commission said the vehicle would begin making investments.

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G Squared Closes Largest Fund Yet With $2.3B In Tow

By Jade Martinez-Pogue

Private secondary market-focused venture capital firm G Squared revealed Wednesday that it wrapped its seventh flagship fund with $2.3 billion in capital commitments, marking the firm's largest fund to date.

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PE-Backed Chemicals-Maker GChem To Be Sold In $850M Deal

By Al Barbarino

ContextLogic Holdings Inc. and affiliates will purchase chemicals-maker gChem from EagleTree Capital and co-investors at an $850 million enterprise value, the companies announced Wednesday. 

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Simpson Thacher Witness Takes Aim At PIPE Stocks Claim

By Madison Arnold

Simpson Thacher & Bartlett LLP wrapped up its defense Wednesday to a Florida state malpractice suit from the founder of Patriot National Inc. over the firm's handling of a private investment in public equity transaction, with a stock market expert testifying that short selling stock allowed under the deal didn't lead to the insurance services company's downfall.

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Fenwick-Led Attovia Therapeutics Prices Upsized $289M IPO

By Jade Martinez-Pogue

Early-stage biotechnology company Attovia Therapeutics hit the public markets on Wednesday after it raised $289 million in its upsized initial public offering.

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Investors Say Transportation Biz HGIM Ignored Books Demand

By Jarek Rutz

Three investment funds affiliated with Black Diamond Capital Management have sued HGIM Corp. in Delaware's Court of Chancery, accusing the marine transportation company of stonewalling their request to inspect corporate records tied to CEO Shane J. Guidry's push for majority control of the company.

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Brief

Loomis Sayles Pulls Plug On $70M Suit Against Citi

By Jessica Corso

Loomis Sayles said Wednesday that it was dropping a lawsuit accusing Citigroup Global Markets of causing $70 million in trading losses when it fulfilled trades in shares of Shopify Inc. and Colgate-Palmolive Co. in violation of "best execution" practices.

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Brief

High Court To Hear Intel 401(k) Suit Arguments In October

By Patrick Hoff

The U.S. Supreme Court has set an October date for oral arguments in an appeal from Intel workers who argued the Ninth Circuit imposed too strict a standard when it upheld the dismissal of their lawsuit alleging their retirement savings were dragged down by underperforming investment options.

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How Does In-House Pay Compare? Take The Law360 Survey

How do in-house salaries vary across industries, roles, and organizational revenue? What compensation tools are companies using to lure top talent? Help Law360 Pulse answer these questions and more in this year's In-House Compensation Survey.

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2 Law Firms Say IRS Wrongly Denied COVID-19 Tax Credits

By Adrian Cruz

A pair of law firms are alleging in Georgia federal court that the Internal Revenue Service wrongly denied their claims to employee retention credits, a tax incentive created during the height of the COVID-19 pandemic to encourage businesses to keep workers on their payrolls.

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NC House OKs Unpaid Suspensions For Judges Under Inquiry

By Hayley Fowler

Republicans in the North Carolina House of Representatives have given the green light to a legislative proposal empowering the chief justice of the state Supreme Court to suspend trial court judges without pay if they're under investigation by the state Judicial Standards Commission.

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Simpson Thacher Lands In Chicago With 5-Atty Kirkland Team

By James Boyle

A five-person team of Kirkland & Ellis LLP attorneys are moving their practices to Simpson Thacher & Bartlett LLP to help the firm launch an office in Chicago.

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No Simpson Thacher Malpractice In PIPE Case, Jury Finds

By Madison Arnold

Simpson Thacher & Bartlett LLP escaped a malpractice lawsuit late Thursday over its representation of Patriot National Inc. in a private investment in public equity transaction in the years before the company's downfall.

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Sidley Adds Ex-Accenture Enterprise Platforms Lead As CIO

By Matt Perez

Sidley Austin LLP on Wednesday announced the hiring of a nearly two-decade veteran at professional services firm Accenture as its chief information officer.

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New ABA Chief Seeks To 'Streamline' Org, Defend Democracy

By Emily Sawicki

The American Bar Association's new president, Barbara J. Howard, will focus on twin goals of defending democracy against expected unprecedented attacks associated with this year's midterm elections, while also reorganizing the association to run more efficiently, as she kicks off her one-year term this month.

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Richards Layton Under Fire Amid Bid To Avoid AI Sanctions

By Rose Krebs

A firm has asked a Delaware vice chancellor to allow it to submit more "factual information" regarding what it says are inconsistencies in Richards Layton & Finger PA's attempt to avoid sanctions for submitting a filing with errors generated by artificial intelligence.

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Justices' FTC Ruling Weakens Qui Tam's Constitutional Base

The U.S. Supreme Court’s holding in Trump v. Slaughter, expanding presidential control over those exercising executive power, suggests that courts may be receptive to arguments challenging the constitutional foundations of the False Claims Act’s qui tam mechanism, says Daniel Passeser at Wiggin.

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Analysis

The Dramatic Moments Set To Shape Tom Goldstein's Appeal

By Jeff Overley and Jared Foretek

Prurient revelations, brash recriminations and purportedly glaring judicial errors in Tom Goldstein's criminal case have captivated the appellate bar for nearly 19 months, and many of those moments will be center stage in the star attorney's imminent appeal.

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6th Circ. Slashes 'Egregious' Fee Award In Tax-Taking Suit

By Susan Smiley

Michigan attorneys representing plaintiffs in a tax foreclosure suit had their awarded attorney fees, which more than doubled the settlement they obtained in the case, slashed by a Sixth Circuit panel in a published opinion Thursday.

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Ex-GC Hijacked Accounts And Posted Klan Imagery, Suit Says

By Ben Adlin

A Washington state court granted a temporary restraining order Wednesday in a school fundraising company's lawsuit accusing its former general counsel of taking control of its social media accounts and allegedly replacing its LinkedIn photo with a manipulated image of its president in a Ku Klux Klan robe.

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Wash. Justices Offer Bar Waiver After July Exam Tech Failure

By Rachel Riley

The Washington State Supreme Court said Thursday it's offering to waive the bar exam requirement for first-time applicants who were unable to take the test last week due to an abrupt cancellation driven by technical issues at the Yakima Convention Center where it was scheduled to be administered.   

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Dems Slam Skadden's 'Nothing To See Here' Trump Deal Reply

By Hailey Konnath

Three Democratic lawmakers on Thursday criticized Skadden Arps Slate Meagher & Flom LLP's response to their request that the firm disclose details of its pro bono arrangement with the Trump administration, saying the firm's "three sentence letter essentially saying 'nothing to see here'" is "not going to cut it."

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Trump Again Targets Birthright Citizenship In 2 New Orders

By Rae Ann Varona

President Donald Trump on Thursday signed two executive orders that seek to limit automatic citizenship for babies born in the U.S., after the U.S. Supreme Court struck down a previous birthright citizenship executive order as unconstitutional.

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