HealthSpan's Surgery Partners Bid Now $6B Amid Rival Offer

By Nate Beck

HealthSpan Partners, an affiliate of nonprofit system Bon Secours Mercy Health, raised its offer to $6 billion Monday in a proposed acquisition of short-stay surgical facility owner and operator Surgery Partners, after a third party made an unsolicited bid.

Read full article » | Save to favorites »

Blue Owl Moves To End 'Broadside' Over Advisory Fees

By Jessica Corso

Blue Owl Capital Corp.'s investment adviser is seeking to exit an investor lawsuit it calls a "broadside" against business development companies, telling a New York federal judge that only the U.S. Securities and Exchange Commission can challenge the valuation of Blue Owl's portfolio holdings.

Memorandum attached | Read full article » | Save to favorites »

Mitsui Joins Bank To Buy Chip Materials Maker For $11.6B

By Al Barbarino

Mitsui Chemicals said Monday it has teamed up with the government-owned Development Bank of Japan to purchase semiconductor materials maker JSR for about $11.6 billion, including debt. 

Read full article » | Save to favorites »

Milbank, White & Case Guide $4B LS Power, NRG Gas Deal

By Al Barbarino

LS Power has agreed to acquire six natural gas-fired power generation facilities across four U.S. states from NRG Energy Inc. for $4 billion, the companies announced Monday. 

Read full article » | Save to favorites »

Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court last week cleared the way for Cloudflare Inc. to seek immediate review of an injunction blocking a stock restructuring designed to preserve its founders' control, while setting a January hearing in a similar dispute over Meta Platforms Inc.'s plan to create nonvoting shares.

Read full article » | Save to favorites »

Massumi & Consoli Adds Weil Atty For New Silicon Valley Post

By Tracey Read

Massumi & Consoli LLP announced Monday that it plans to open a new office in California's Silicon Valley with the addition of a former Weil Gotshal & Manges LLP private equity and mergers and acquisitions partner.

Read full article » | Save to favorites »

High Court Disbars Judicial Watch Founder Larry Klayman

By David Minsky

The U.S. Supreme Court on Monday disbarred Judicial Watch founder and Florida conservative activist attorney Larry Klayman following his 18-month suspension issued last year by the D.C. Court of Appeals. 

Order List attached | Read full article » | Save to favorites »

Firms Must Face RICO Claims In Asbestos Fraud Suit

By Emily Field

An Illinois federal judge on Friday held that Simmons Hanly Conroy LLP and Sokolove Law must face racketeering claims brought by a Los Angeles industrial pipe manufacturer alleging that the firms brought baseless asbestos claims, finding that an antitrust doctrine shielding those who petition the courts does not apply.

Order attached | Read full article » | Save to favorites »

DOJ's Civil Division Head Joins Agency Exits After Midterms

By Jack Karp

The leader of the U.S. Department of Justice's Civil Division, Brett A. Shumate, on Monday became at least the fifth top DOJ official to step down following Republicans' defeat in last week's midterm elections.

Read full article » | Save to favorites »

Trump Eyes OLC Chief For Texas Judgeship After Midterms

By Courtney Bublé

President Donald Trump is considering the head of the U.S. Department of Justice's Office of Legal Counsel for a federal judgeship in Texas, a process that started right after the Democrats won big in last week's midterm elections.

Read full article » | Save to favorites »

Goldstein Says Gov't Conceded Key Trial Errors

By Jared Foretek

SCOTUSblog co-founder Thomas Goldstein told the Fourth Circuit that the federal prosecutors who netted 12 tax and mortgage fraud convictions effectively conceded they hid evidence by steering a key witness to new testimony mid-trial and had reversed their stance on jury instructions, two key issues in Goldstein's appeal.

Brief attached | Read full article » | Save to favorites »

AAA Says Consumers' Monopoly Claims Lack Factual Support

By Caroline Simson

The American Arbitration Association is lashing out against consumers who accuse the institution of monopolizing the consumer arbitration services market, telling a federal judge on Monday that they should be sanctioned for including "false, misleading, and unsupported allegations" in an amended complaint.

Motion attached | Read full article » | Save to favorites »

Wash. Panel Nixes $10K Sanctions On Monsanto PCB Attys

By Rachel Riley

A Washington Court of Appeals panel has overturned a combined $10,000 in sanctions against four attorneys who defended Monsanto from chemical poisoning claims, concluding Monday that the trial court overstepped its authority by personally punishing the lawyers for late disclosure of expert witnesses.

Opinion attached | Read full article » | Save to favorites »