Thoma Bravo Acquires Logistics Provider WWEX In $5B Deal

By Jade Martinez-Pogue

Technology-focused private equity firm Thoma Bravo on Tuesday unveiled plans to acquire third-party logistics provider WWEX Group from a consortium of investors that includes CVC Capital Partners, and also announced a plan to merge WWEX Group with its existing portfolio company Auctane once the acquisition closes.

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3 Firms Build $3.25B Sale Of MW Components, CPM

By Jade Martinez-Pogue

Private equity shop American Securities on Tuesday announced that it has agreed to sell two of its portfolio companies to U.K.-based Rosebank Industries Plc in a deal that boasts an enterprise value of $3.25 billion and was built by three firms.

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SoftBank-Backed PayPay Launches Plans For $1B IPO

By Sydney Price

Japanese mobile payment app PayPay, a subsidiary of SoftBank Group Corp., said it anticipates a $1 billion initial public offering, represented by Simpson Thacher & Bartlett LLP and underwriters counsel Davis Polk & Wardwell LLP.

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Kirkland-Led O2 Closes 5th Fund With $670M In Tow

By Jade Martinez-Pogue

Kirkland & Ellis LLP-advised private equity shop O2 Investment Partners on Tuesday announced that it wrapped its fifth fund with $670 million in tow.

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Apollo Faces Class Action Over Alleged Epstein Business Ties

By Katryna Perera

Apollo Global Management and its billionaire co-founders Leon Black and Marc Rowan have been hit with a proposed class action in New York federal court alleging they misled investors about the firm's and their individual connections to convicted sex offender Jeffrey Epstein.

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Ex-Truth Social Exec Fights WaPo Defamation Suit Subpoena

By Abigail Harrison

A former executive of Truth Social's parent company told a North Carolina federal court Monday that Trump Media's last-minute bid to depose him in its high-profile defamation lawsuit against The Washington Post is actually a tactic to avoid sanctions in an unrelated lawsuit against him and other major media outlets.

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Monthly Merger Review Snapshot

By Matthew Perlman

The U.S. Department of Justice got its antitrust case against Live Nation and Ticketmaster teed up for trial, as a court continues mulling the department's settlement last year in a case challenging a deal by Hewlett Packard Enterprise, and lawmakers call for scrutiny of Paramount Skydance's blockbuster acquisition of Warner Bros. Discovery.

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Day Pitney Faces DQ Bid Over Ex-Justice's Role In $1.3M Case

By Aaron Keller

Day Pitney LLP should be sidelined from a $1.3 million private equity management company's windup lawsuit because former Connecticut Supreme Court Chief Justice Richard A. Robinson, now a partner at the firm, heard the case before it was earmarked for a new trial, three company owners have argued.

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Produce Co. Employees' ESOP Suit Survives Early Exit Bid

By Hayley Fowler

A North Carolina federal judge has largely kept intact a lawsuit alleging lawyers, private equity firms and their founders conspired to drain a produce company's employee stock ownership plan of its value, trimming just two of the 13 claims from the sweeping complaint.

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How Recent Del. Rulings Clarify M&A Deal Fraud Carveouts

Two recent Delaware decisions have provided clarity regarding when a party can or cannot rely on representations made during the course of an M&A transaction, particularly on the scope and enforceability of antireliance provisions, and on representations they knew or should have known were false, says Anthony Boccamazzo at Olshan Frome.

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Aligning Microsoft Tools With NYC Bar AI Recording Guidance

The New York City Bar Association’s recently issued formal opinion, providing ethical guidance on artificial intelligence-assisted recording, transcription and summarization, raises immediate questions about data governance and e-discovery for companies that use Microsoft 365 and Copilot, say Staci Kaliner, Martin Tully and John Collins at Redgrave.

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DOJ Nixes Plan To Drop Law Firm EO Appeals In About-Face

By Emma Cueto

A day after informing the D.C. Circuit that it would no longer seek to defend the executive orders issued by President Donald Trump against four law firms, the U.S. Department of Justice reversed course Tuesday, requesting permission to withdraw its motion to voluntarily dismiss the appeals.

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Goldman's Departing CLO, Gates Asked To Testify On Epstein

By Lauren Berg

The House Oversight Committee on Tuesday asked outgoing Goldman Sachs Chief Legal Officer Kathryn Ruemmler, Microsoft founder Bill Gates, Apollo Global Management co-founder Leon Black and others to testify about their connections to child sex offender Jeffrey Epstein.

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Early Publicity Could Poison DOJ's Criminal Cases, Attys Say

By Phillip Bantz

The U.S. Department of Justice under President Donald Trump has shrugged off long-standing prosecutorial policies against publicizing criminal probes in their early stages and disparaging the targets, an "unusual" and "troubling" development that threatens the integrity of investigations, grand jury proceedings and the right to a fair trial, experts tell Law360.

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Skadden Hit With Sanctions Over 'Vexatious' Gaming Suit

By Ivan Moreno

A Manhattan federal judge has sanctioned Papaya Gaming and its attorneys from Skadden for what the court said was a "blatant" attempt to relitigate claims in Virginia that had already been dismissed in a false advertising dispute in New York with Skillz Platform, one of its competitors.

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NY Judicial Watchdog Says Complaints Break Record Again

By Andrea Keckley

New York's judicial watchdog has reported a record number of new complaints filed against judges for the fourth year in a row in 2025.

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New Whistleblower Program Adds 'Bit More Stick,' DOJ Says

By Bryan Koenig

The U.S. Department of Justice Antitrust Division's new whistleblower rewards program partnership with the U.S. Postal Service doesn't displace the leniency program by which companies disclose potential price-fixing and other antitrust violations, a DOJ official said Tuesday in Washington, D.C., but it is an important complement.

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DOJ Turns To 2nd Circ. In Bid To Revive James Subpoenas

By Emily Sawicki

The U.S. Department of Justice is urging the Second Circuit to revive an investigation into New York Attorney General Letitia James launched by a federal prosecutor later found to have been serving unlawfully, arguing the acting U.S. attorney for the Northern District of New York had been rightfully appointed when he launched the probe.

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Meta Atty's Slip Reveals Social Media Trial Plaintiff's Identity

By Craig Clough

An attorney for Meta Platforms on Tuesday revealed the highly guarded full name of the plaintiff in a landmark bellwether trial accusing its Instagram platform and Google's YouTube of harming children's mental health, prompting the Los Angeles judge overseeing the case to strike it from the record and order everyone in the courtroom not to reveal it.

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