Figure, Sixth Street Team Up On $717M Kiavi Mortgage Deal

By Al Barbarino

Figure Technology Solutions said Wednesday it is acquiring residential real estate lender Kiavi in a $717 million deal that pairs a blockchain-native capital markets platform with an AI-driven mortgage origination engine, with the backing of private credit firm Sixth Street and three law firms advising. 

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Warren Asks SEC To Delay SpaceX IPO Over 'Troubling' Risks

By Dorothy Atkins

U.S. Sen. Elizabeth Warren called on the U.S. Securities and Exchange Commission to delay SpaceX's anticipated $75 billion initial public offering until steps are taken to protect investors and market integrity, expressing concerns that the company's books contain "troubling gaps," and the IPO poses "unique and precedent-setting" risk.

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Ares Wraps $8.5B Alternative Credit Fund

By Jade Martinez-Pogue

Private equity giant Ares Management Corp. revealed Wednesday that it closed its latest closed-end credit strategy above target after receiving $8.5 billion of investor commitments.

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Data Security Biz Valued At $12B After $600M Funding Round

By Jade Martinez-Pogue

Data security company Cyera announced Wednesday that it reached a $12 billion valuation after raising $600 million from investors in its latest funding round, quadrupling the company's valuation over the last 18 months.

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5 Firms Guide AI Startup Robseek's $1B SPAC Merger

By Al Barbarino

Robseek Intelligence Inc. has agreed to go public through a merger with blank-check company QuasarEdge Acquisition Corp. in a deal valuing the AI company at about $1 billion pre-money equity, with five law firms advising across the U.S., China and offshore jurisdictions. 

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Altria, Juul Can't Pause 'Stale' Antitrust Case For Appeal

By Bonnie Eslinger

A California federal judge on Wednesday rejected a bid by Altria and Juul to pause antitrust litigation over Altria's past investment in the e-cigarette maker while they appeal the court's grant of certification to classes of direct and indirect Juul purchasers, saying the case is getting "old and stale."

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Goodwin, Covington Lead Parabilis' $670M Upsized IPO

By Jade Martinez-Pogue

Venture-backed biotechnology firm Parabilis Medicines hit the public markets Wednesday after raising $670 million in its upsized initial public offering.

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Gibson Dunn Leads Data Center Power Provider's $600M IPO

By Nate Beck

Houston, Texas-based ERock, which supplies natural gas power systems to data centers, began trading Wednesday after raising $600 million at the midpoint of its range with Gibson Dunn & Crutcher LLP and Davis Polk & Wardwell LLP advising.

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PowerSchool Data Breach Ruling Underscores PE Liability

The recent California federal court decision in PowerSchool, where Bain Capital was unable to dismiss claims relating to a data breach based in part on Bain's preinvestment activities, is an important addition to the line of cases addressing investor liability for acts of a portfolio company, says Mark Kelley at MoloLamken.

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Susman Godfrey Beats, Seward & Kissel Matches Milbank Pay

By Tracey Read

At least four more firms have joined the associate pay raise bandwagon, with Seward & Kissel LLP matching the salary scale recently set by Milbank LLP, and Susman Godfrey LLP exceeding it.

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Judicial Noms Say Biden Won, But Critics Fault Their Caveats

By Courtney Bublé

Three district court nominees on Wednesday said President Joe Biden won the 2020 election, a departure from other judicial nominees in the second Trump administration, but court watchers on the left took issue with how they couched those statements.

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Camp Mystic Fights Sanctions Over 'Burn In Hell' Atty Remark

By Lynn LaRowe

Camp Mystic and parents of a girl killed in flooding there last summer faced off Wednesday over whether the camp should be sanctioned because its attorney said a plaintiff's lawyer would "burn in hell" and for other alleged misconduct in litigation over flooding deaths at the Texas camp.

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Ga. Federal Judge Faces 2nd Set Of Impeachment Articles

By Kelcey Caulder

A Georgia congressman has filed articles of impeachment against a federal judge who was reprimanded for having sex with a police officer in her Atlanta chambers within earshot of staff, the second lawmaker this week to do so. 

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Unions Rally As 5 Shops Approach Contract Deadline

By Andrea Keckley

Legal service providers across New York City gathered in City Hall Park on Wednesday afternoon as five unions represented by the Association of Legal Advocates and Attorneys approach their deadlines for a new contract at the end of the month.

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'Anti-ICE Vigilantes': DOJ Says Law Clerks Aided Noncitzens

By Lauren Berg

Two state court clerks in Utah are facing criminal charges after federal prosecutors say they acted as "self-appointed anti-ICE vigilantes" by helping noncitizens leave the courthouse by a back door to evade arrest by U.S. Immigration and Customs Enforcement, according to the newly unsealed case.

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Morgan & Morgan Atty Again Blocked From Harvard Suit

By Carolyn Muyskens

A Massachusetts judge rebuffed a Morgan & Morgan PA attorney's second attempt to appear in a lawsuit over the theft of body parts from a Harvard Medical School morgue, saying he would not reconsider his earlier decision to bar the attorney over an incident in a separate court involving fake AI-generated case citations.

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