Anthropic Confidentially Files IPO Plans
By Lauren Berg
Artificial intelligence giant Anthropic announced Monday that it had confidentially submitted a proposed initial public offering to the U.S. Securities and Exchange Commission, just days after it hit a post-money valuation of $965 billion after securing $65 billion of investor commitments in its massive Series H funding round.
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KnowBe4 Escapes Suit Over $4.6B Take-Private Deal
By Sydney Price
Security awareness platform KnowBe4 and several affiliates successfully argued for dismissal of a suit from shareholders challenging the company's $4.6 billion sale to private equity firm Vista Equity Partners, with the court finding the suit does not adequately allege the company's ex-CEO and its financiers breached their fiduciary duties.
Opinion attached |
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LITIGATION
Valeant Investors Should Get Cert. In PwC Fight, Report Says
By Dorothy Atkins
A special master recommended Monday that a New Jersey federal judge certify a class of Valeant Pharmaceuticals stockholders looking to hold PwC liable for missing "red flags" that could have caught what they called market manipulation by the pharmaceutical company, rejecting the professional services giant's argument that the lead plaintiff's claims are atypical and "lawyer-driven."
Report attached |
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Catching Up With Delaware's Chancery Court
By Jarek Rutz
The Delaware Chancery Court this past week handled disputes involving merger litigation, startup financing battles, cryptocurrency contracts, investor oversight claims and corporate governance challenges, while also issuing notable rulings in cases tied to World Wrestling Entertainment Inc., cybersecurity company KnowBe4 Inc. and biotechnology firm Ayala Pharmaceuticals Inc.
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4 Mass. Rulings You May Have Missed In May
By Julie Manganis
A bankruptcy trustee may continue to pursue claims that a lender violated an oral amendment to a loan agreement, a former executive for a Dunkin' franchisee cannot push his case to Delaware, and a law firm hired to represent an investment fund is not responsible for the revocation of a visa for one of the fund's co-founders after he was terminated, judges in Suffolk County's Business Litigation Session concluded in May.
4 documents attached |
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PEOPLE
EXPERT ANALYSIS
LEGAL INDUSTRY
Titan Of The Plaintiffs Bar: Arias Sanguinetti's Mike Arias
By Joyce Hanson
When she was team captain with a track and field scholarship at the University of Southern California in the 1990s, Nicole Haynes was in good health and rarely had to see a doctor. So when she got a bad stomachache and her friends encouraged her to visit the USC health center, Haynes said she didn't have the right words to explain why her experience with Dr. George Tyndall had felt so invasive and wrong.
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NC Dem. Lawmakers Introduce Gov't Transparency Bills
By Emily Sawicki
Democratic lawmakers in North Carolina on Tuesday introduced a trio of bills focused on governmental transparency, including a proposal to reform an "increasingly partisan and secretive" judicial standards commission and another to reinforce separation of powers, blocking the state's general assembly from infringing on the governor's authority.
3 documents attached |
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