A group backed by Sequence Holdings and DFO Management, Michael Dell's family office, has agreed to acquire a majority interest in The Baldwin Group Inc. in a transaction valued at roughly $7.7 billion, including debt, with at least five law firms advising, Baldwin announced Monday.
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TOP NEWS

Dell-Backed Group Taking Baldwin Private In $7.7B Deal

By Al Barbarino

A group backed by Sequence Holdings and DFO Management, Michael Dell's family office, has agreed to acquire a majority interest in The Baldwin Group Inc. in a transaction valued at roughly $7.7 billion, including debt, with at least five law firms advising, Baldwin announced Monday.

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FTC's View Of Construction Adhesives Market Won The Day

By Matthew Perlman

A New York federal court found the Federal Trade Commission was right to focus on the retail market for various types of construction adhesives when asking to block Loctite-maker Henkel's planned $725 million acquisition of Liquid Nails, in an opinion made public Friday.

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Latham, Skadden Prep Bamboo Insurance's $700M IPO Target

By Nate Beck

Bamboo Insurance Services, a Utah home insurance company backed by European private equity firm CVC Capital Partners, unveiled plans Monday to raise up to $700 million in an upcoming initial public offering guided by Latham and Skadden.

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LITIGATION

Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week saw disputes over allegedly fabricated board approvals at a telecom infrastructure startup, insider trading and child safety at Roblox Corp. and ownership of artificial intelligence technology used in legal proceedings.

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Colo. Justices Won't Review $3.36M Verdict Against Gas Co.

By Zach Dupont

The Colorado Supreme Court unanimously declined on Monday to hear the case of a natural gas marketing company appealing a $3.36 million jury verdict in favor of its former trading director who accused the company of failing to pay out a bonus related to his trades.

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Mobileum Ex-CFO Seeks More Than $2M In Legal Fees

By Jarek Rutz

Former Mobileum Inc. Chief Financial Officer Andrew Warner has sued the company in the Delaware Chancery Court, seeking more than $2 million in legal fees tied to a federal criminal case and accusing Mobileum of reversing its position after repeatedly recognizing his right to have those expenses advanced.

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DEALS & FINANCING

Brief

Thryv Selling White, Yellow Pages Units To PE Firm For $142M

By Al Barbarino

Thryv Holdings Inc. said Monday it has agreed to sell its print directories business to Los Angeles-based investment firm Carolwood LP for $142 million in cash, with Holland & Knight LLP advising Thryv and Sheppard Mullin Richter & Hampton LLP advising Carolwood.

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PEOPLE

Norton Rose Adds Corporate Pro In Austin From Latham

By Lynn LaRowe

Norton Rose Fulbright announced Monday that it has expanded its national corporate and private equity offerings with a partner addition to the corporate, mergers and acquisitions and securities group in Austin, Texas, who came aboard from Latham & Watkins LLP.

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Foley Hoag Grows Debt Finance Team With New Co-Chair

By James Boyle

An attorney who built her debt finance practice for more than 26 years at Goodwin Procter LLP has recently joined Foley Hoag LLP's Boston office, where she has been selected to co-lead the firm's debt finance team.

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LEGAL INDUSTRY

Big Biz Coalition Backs Litigation Funding Disclosure Rule

By Ryan Boysen

Big U.S. businesses and insurers like Amazon, Anthropic, Chubb and Walmart asked the federal judiciary on Monday to tighten disclosure requirements for litigation finance, claiming the lack of guardrails allows funders to operate "in the shadows."

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Indiana Atty Hit With $10K Sanction Over False Citations

By Andrea Keckley

An Indiana federal judge on Friday adopted a magistrate judge's recommendation to sanction a local attorney $10,000 after finding that five briefs in a consumer credit case included citations to nonexistent cases.

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Jackson Lewis Removes Ex-Atty's Bias Suit To Federal Court

By Patrick Hoff

Jackson Lewis PC has moved a former associate's suit accusing the firm of refusing to accommodate her temporary work restrictions following her medical leave to California federal court, saying state court wasn't the right venue for dispute.

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Bove Rejects Recusal Bid Tied To DOJ Whistleblower Claims

By Courtney Bublé

U.S. Circuit Judge Emil Bove declined Monday to recuse himself in a Third Circuit immigration case, saying the attorneys for the petitioner are "recycling a failed pre-confirmation political smear" on him.

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State Farm Attorney Sanctioned $999.99 For AI Hallucinations

By Jonathan Capriel

An attorney for State Farm who filed several motions citing nonexistent cases and fabricated quotes generated by AI software must pay a $999.99 sanction, a Los Angeles judge ruled, an amount one cent below the threshold that would have triggered a mandatory notice to the State Bar of California under state law.

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Brief

Ex-Moses & Singer Partner Gets 10 Months For Tax Crimes

By Craig Clough

A Connecticut federal judge Monday sentenced a former Moses & Singer LLP partner to 10 months of imprisonment and ordered him to pay more than $3.1 million for failing to file personal income tax returns, the U.S. attorney's office announced.

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COMPANIES IN TODAY'S NEWS

Amazon.com Inc.

American Industrial Partners

Anthropic PBC

Atlas Energy LP

Bamboo Ide8 Insurance Services LLC

CVC Capital Partners Ltd.

ClearList LLC

Compass Minerals International, Inc.

Concord

Concord Energy LLC

Dell Technologies Inc.

Duke University

Experian PLC

Henkel Corp.

International Legal Finance Association

Lawyers for Civil Justice

LinkedIn Corp.

Lowe's Cos. Inc.

Lux Capital

Mobileum Inc.

Ohio State University

Orion180

Renaissance Capital

Roblox Corp.

State Bar of California

State Farm Mutual Automobile Insurance Co.

Target Corp.

Tesla Inc.

The Baldwin Group

The Home Depot Inc.

Thomson Reuters Corp.

Thryv Inc.

Toyota Motor Corp.

U.S. Chamber of Commerce

Walmart Inc.

White Mountains Insurance Group

LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Akerman LLP

Baker Botts

Cleary Gottlieb

Cummins & White

DLA Piper

Davis Polk

Foley Hoag

Goodwin Procter

Hodgson Russ

Holland & Knight

Jackson Lewis PC

Lanier Law Firm

Latham & Watkins

Morgan & Morgan PA

Morris Nichols

Moses & Singer

Musick Peeler

Norton Rose

Otteson Shapiro

Paganelli Law Group

Patterson Belknap

Potter Anderson

Robinson & Cole

Sheppard Mullin

Skadden Arps

Sullivan & Cromwell

Troutman

Wheeler Trigg

Wilson Sonsini

Womble Bond

GOVERNMENT AGENCIES IN TODAY'S NEWS

Colorado Supreme Court

Delaware Court of Chancery

Federal Trade Commission

U.S. Attorney's Office for the District of Connecticut

U.S. Court of Appeals for the Third Circuit

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. District Court for the Central District of California

U.S. District Court for the District of Connecticut

U.S. District Court for the Southern District of New York

U.S. Securities and Exchange Commission

United States District Court for the Southern District of Indiana