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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DOJ Says Berkeley Law Is Racially Biased In Admissions

By Craig Clough

The U.S. Department of Justice and the U.S. Department of Education said Wednesday that the University of California, Berkeley School of Law discriminated against white and Asian applicants in its 2024 and 2025 admissions cycles by preferring Black applicants because of their race, violating federal civil rights law and recent U.S. Supreme Court precedent.

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Murdaugh Murder Retrial Venue Shift Fueled By Bias Concern

By Emily Sawicki

A South Carolina trial court has approved a request to move Alex Murdaugh's murder retrial to a different county, finding the disgraced attorney could not expect a fair trial in Colleton County, where his wife and son were killed and where he was previously convicted for the crimes.

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Sugar Buyers Want Paul Weiss DQ'd From Price-Fixing MDL

By Dorothy Atkins

Hershey, J.M. Smucker and other food makers urged a Minnesota federal judge Tuesday to disqualify Paul Weiss Rifkind Wharton & Garrison LLP from representing Domino Foods in sugar price-fixing multidistrict litigation, arguing the firm is conflicted out because it saw their confidential sugar-purchasing data when it was being considered as plaintiffs' counsel.

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Virginia Law Prof Says He'll Take USPTO General Counsel Job

By Jack Rodgers

A University of Virginia School of Law professor who has taught tort, administrative, patent and international intellectual property law there for more than 15 years recently said he plans to become the new general counsel of the U.S. Patent and Trademark Office.

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Hogan Lovells Partner Tapped For Mass. Judgeship

By Julie Manganis

A Hogan Lovells Cadwalader senior partner has been nominated to a seat as an associate justice on the Massachusetts Superior Court, the governor's office announced Wednesday.

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Kilpatrick Atty Tapped For Yakima County Bench In Wash.

By Ben Adlin

Washington's governor appointed Kilpatrick Townsend & Stockton LLP litigator Bree R. Black Horse to the Yakima County Superior Court bench on Wednesday, filling the first new position added to that court in nearly three decades.

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