KKR Buying Pro Sports Investor Arctos In $1.4B Deal

By Al Barbarino

KKR & Co. Inc. said Thursday it has agreed to acquire Arctos Partners in a transaction valued at $1.4 billion in initial consideration, in a deal that will give the private equity firm a $15 billion sports-investing platform.

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Weil, Latham Advise Data Center Parts Builder's $1.5B IPO

By Nate Beck

Minnesota-based data center and industrial parts builder Forgent Power Solutions raised $1.5 billion after it began trading Thursday, with advice from Weil Gotshal & Manges LLP and Latham & Watkins LLP.

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Covington, Davis Polk Lead Eikon's Upsized $381M IPO

By Jade Martinez-Pogue

Oncology-focused biopharmaceutical company Eikon Therapeutics began trading publicly Thursday after raising $381 million in its upsized initial public offering.

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Ropes, Latham Lead Bob's Discount Furniture's $331M IPO

By Hailey Konnath

Bob's Discount Furniture Inc. has begun its sale of nearly 19.5 million shares of its common stock at $17 per share, an initial public offering that could raise $330.65 million, guided by Ropes & Gray LLP and Latham & Watkins LLP, according to the company.

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SDNY Chief Says Office Has Eye On Prediction Markets

By Jessica Corso

The Southern District of New York's top prosecutor said Thursday that his office is thinking about how the current laws apply to prediction markets, and said that he expects fraud cases to be brought against those taking advantage of those markets.

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Law360 Seeks Members For Its 2026 Editorial Boards

Law360 is looking for avid readers of our publications to serve as members of our 2026 editorial advisory boards.

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Private Equity Group Of The Year: Ropes & Gray

By James Mills

When it comes to private equity, Ropes & Gray LLP had one of the most impressive years ever, handling over 300 private equity deals with a total value of $175 billion, with 39 of those transactions being valued at over $1 billion each, earning the firm a spot as one of the 2025 Law360 Private Equity Groups of the Year.

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Ex-Exec At Perot's VC Firm Says Boss Owes Him For $2B Sale

By Spencer Brewer

A Dallas businessman sued billionaire Ross Perot Jr. in Texas state court on Thursday saying Perot stiffed him out of his rightful equity interest in a healthcare company that sold for $2 billion and refused to honor an explicit promise.

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Billionaire Lewis' Pilots Ink SEC Deals Over Insider Trading

By Rae Ann Varona

Two private-jet pilots for British billionaire Joseph Lewis have agreed to pay the U.S. Securities and Exchange Commission a total of more than $233,300, resolving the regulators' civil claims accusing them of trading on confidential information, according to filings in New York federal court.

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Deals Rumor Mill

Anthropic Plans $350B Tender Offer, And Other Rumors

By Al Barbarino

A slew of twists and turns in artificial intelligence deals developed over the past week, as one report indicated Anthropic is planning a $350 billion tender offer while another said that Nvidia's $100 billion agreement with OpenAI may be on ice. As the federal government negotiated with Minnesota officials to draw down the number of ICE agents in the state, at least one foreign firm was said to have decided to sell a division that does business with the controversial agency.

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Patent Co., AI Research Firm Join Forces In $150M Deal

By Adam Lidgett

Patent monetization venture SIM IP has announced a merger valued at $150 million with artificial intelligence research firm Garden Intel, a deal the companies said would create a first-of-its-kind platform.

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2 Firms Advise JV's Data Center Portfolio Sale To Igneo

By Isaac Monterose

A joint venture guided by Akin Gump Strauss Hauer & Feld LLP sold off its portfolio of seven U.S. data centers to global infrastructure manager Igneo Infrastructure Partners, which was guided by Gibson Dunn & Crutcher LLP, the companies announced on Thursday.

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FAT Brands Seeks OK To Use Subsidiary Stock Sale Cash

By Rick Archer

FAT Brands is asking a Delaware bankruptcy judge for permission to use the proceeds from a sale of new shares in one of its subsidiary restaurant chains, saying it needs the more than $3 million in cash to fund its Chapter 11 case.

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Cooley Adds Ex-Kirkland Corporate Real Estate Leader In NY

By Andrea Keckley

Cooley LLP announced it has hired the former leader of Kirkland & Ellis LLP's corporate real estate team.

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Seward & Kissel Taps Watson Farley Atty As Maritime Leader

By Andrea Keckley

Seward & Kissel LLP has appointed a former Watson Farley & Williams attorney to serve as its head of maritime finance in a move the firm says positions it "for continued diversification into complementary areas of transportation finance."

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How Attorneys Can Navigate Shifts In Financing Landscape

Direct government investment in companies in strategic sectors is expected to continue this year, with legal practitioners facing increased demands to navigate hybrid capital structures, evolving regulatory considerations and the alignment of financing terms with long-term business and strategic objectives, say attorneys at Skadden.

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Series

Teaching Logic Makes Me A Better Lawyer

Teaching middle and high school students the skills to untangle complicated arguments and identify faulty reasoning has made me reacquaint myself with the defined structure of thought, reminding me why logic should remain foundational in the practice of law, says Tom Barrow at Woods Rogers.

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Meet New Paul Weiss Chairman Scott Barshay

By Anna Sanders

New Paul Weiss Rifkind Wharton & Garrison LLP chair Scott Barshay is a rainmaker who most recently led the corporate department, guiding clients through some of the largest transactions in recent history after joining the firm's New York office a decade ago.

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Judge Who Resigned To Criticize Trump Had Faced Inquiry

By Chris Villani

Former Massachusetts U.S. District Judge Mark L. Wolf was the subject of an inquiry into potential misconduct when he announced his November resignation, a decision he said at the time was motivated by a desire to speak out against the Trump administration, according to a source familiar with the matter.

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Judge Says AI Errors Show Atty Can't 'Learn' From Mistakes

By Ivan Moreno

A New York federal judge concluded that an attorney who repeatedly submitted filings with false AI-generated citations must be punished with case-terminating sanctions against a client he was defending in a trademark lawsuit, saying Thursday that the lawyer "has not, and apparently cannot, learn from his mistakes."

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NY Times Article Excerpts Admitted In Goldstein Trial

By Jared Foretek

Federal prosecutors pressing their case against SCOTUSblog co-founder Thomas Goldstein for tax evasion and misleading statements on mortgage applications were finally able on Thursday to present jurors with key statements the U.S. Supreme Court lawyer made to legal journalist Jeffrey Toobin for a long New York Times Magazine article.

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Texas Atty Must Explain AI 'Misuse' In Employment Case

By Lauren Berg

A prominent civil rights attorney representing a University of Texas at Austin nurse in an employment discrimination case must explain why he shouldn't be sanctioned "for his apparent misuse of artificial intelligence" to research and write a brief, a Texas federal judge ruled.

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Ex-Alex Jones Atty Asks Conn. Justices To Nix Suspension

By Brian Steele

A Connecticut attorney who formerly represented conspiracy broadcaster Alex Jones in a $1.4 billion defamation case has asked the state's highest court to consider whether it was proper for a judge to suspend his law license for violating a protective order governing Sandy Hook families' personal information.

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Deel Loses Bid To DQ Quinn Emanuel In Trade Secrets Fight

By Lauren Berg

Payroll and human resources company Deel Inc. cannot have Quinn Emanuel Urquhart & Sullivan LLP disqualified from representing its competitor Rippling in a trade secrets fight, a Delaware judge ruled Thursday, saying there is no "clear conflict" that would require booting the BigLaw firm.

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State Bar Of Texas Declines To Open Grievance On Ramey

By Emily Sawicki

The State Bar of Texas has declined to open a grievance against patent litigator William P. Ramey III after a San Francisco federal court sanctioned him and his firm, Ramey LLP, for practicing law in California without a license.

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Wash. Lawyer Faces Sanction Threat Over Alleged AI Errors

By Ben Adlin

A federal judge has ordered an attorney in Washington state to submit a sworn declaration explaining why she shouldn't be sanctioned for what opposing counsel claimed are dozens of artificial intelligence "hallucinations" across multiple case filings.

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Fake Case Pulled From Toshiba Malicious Prosecution Suit

By Bryan Koenig

A former printer toner salesman is trying to salvage his lawsuit against Toshiba after the company flagged nonexistent citations, apologizing to the California federal court in a corrected brief Thursday defending claims that the electronics company manufactured a criminal case against him and others to maintain an illegal monopoly.

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McCarter & English Wants To Torpedo $22M Malpractice Suit

By Aaron Keller

McCarter & English LLP on Thursday asked a Connecticut Superior Court judge to sink a $22.3 million professional negligence lawsuit by two struggling insurers, saying failures to provide documents or knowledgeable people to testify during pretrial depositions warrant a "harsh" end to the nearly decade-old case.

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Trump's Seattle US Atty Stays On For Now Via Title Swap

By Rachel Riley

Trump administration appointee Charles Neil Floyd will continue to be the Western District of Washington's top federal prosecutor for now, under the new title of "First Assistant U.S. Attorney," after the deadline passed Wednesday for the U.S. Senate to confirm the interim appointment.

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Klobuchar Alarmed By Exodus Of Prosecutors In Minnesota

By Courtney Bublé

Sen. Amy Klobuchar, D-Minn., on Thursday said she was alarmed by the surge of resignations by federal prosecutors in her state following the shooting deaths of two Minnesotans by immigration agents.

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Judiciary Backs Bill To Let Judges Carry Concealed Guns

By Courtney Bublé

The federal judiciary has come out in support of a Republican-led bill to allow judges and prosecutors to carry concealed firearms across state lines, according to a letter obtained by Law360.

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Ex-Prosecutors Call For Independent Probes Of ICE Killings

By Rose Krebs

A coalition of former federal prosecutors and civil rights attorneys is urging U.S. Attorney General Pam Bondi to ensure that the U.S. Department of Justice allows for "transparent, unbiased and impartial" investigations into the killings in Minneapolis last month of Renee Good and Alex Pretti by federal immigration enforcement agents.

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