A corporate founder seeking more than $100 million in a malpractice case against Simpson Thacher & Bartlett LLP endured a withering cross-examination in Florida state court Monday over his companies' money flows and an auditor's refusal to certify their financial statements two years after the fundraising transaction he believes the firm botched.
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Simpson Thacher Points To Audit Issues In Malpractice Trial

By Cara Salvatore

A corporate founder seeking more than $100 million in a malpractice case against Simpson Thacher & Bartlett LLP endured a withering cross-examination in Florida state court Monday over his companies' money flows and an auditor's refusal to certify their financial statements two years after the fundraising transaction he believes the firm botched.

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PE-Backed Sandwich Chain Jersey Mike's Targets $1B IPO

By Jade Martinez-Pogue

Private equity-backed sandwich chain Jersey Mike's Subs on Monday revealed terms for an estimated $1 billion initial public offering steered by Simpson Thacher & Bartlett LLP and Davis Polk & Wardwell LLP.

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GoldenTree Wraps 2nd Credit Fund With $2.75B In Tow

By Jade Martinez-Pogue

Asset manager GoldenTree Asset Management on Monday revealed that it has closed its second private credit fund with $2.75 billion in tow, close to 40% of which has already been deployed across several investments.

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Trump Media Settles Claims With Ex-SPAC CEO In Fla. Suit

By David Minsky

The corporation that operates President Donald Trump's Truth Social website agreed to dismiss its lawsuit against the former CEO of a special purpose acquisition company over a botched public offering following a settlement between the parties in Florida state court. 

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LITIGATION

7th Circ. Backs Printing Co. In $265M ESOP Sale Fight

By Celeste Bott

The Seventh Circuit won't revive a lawsuit claiming a printing company's directors and employee stock ownership plan trustee illegally undersold the business into private equity for $265 million, saying a lower court made no clear errors in throwing out the case.

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Investors Seek $1.34M Judgment Against Cannabis Venture

By Jonathan Capriel

An investment company is looking to secure a $1.34 million default judgment against the cannabis venture that previously sued it for $40 million, according to a notice filed by the investor that said the cannabis entity's suit was tossed.

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DEALS & FINANCING

AI Software Biz Neo Emerges From Stealth With $100M

By Jade Martinez-Pogue

Agentic software control company Neo launched on Monday with $100 million in venture capital funding, which will be used to increase the company's headcount as it continues to build a secure control layer for enterprise artificial intelligence agents.

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PEOPLE

King & Spalding Adds Finance Partner In NY From Proskauer

By Jack Rodgers

A longtime finance associate at Proskauer Rose LLP has joined King & Spalding LLP's New York office as a partner, just a month after the firm added another three lawyers from her former team, the firm announced Monday.

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LEGAL INDUSTRY

How Competitive Is Your Pay? Last Call To Take Our Survey

Is your compensation keeping pace with the rate of inflation? Do you know what your colleagues made last year? Help Law360 Pulse answer these questions and more in this year's Law Firm Compensation Survey.

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Trump Admin Wants Susman Godfrey DQ In ABA's EO Suit

By Adrian Cruz

Over a year into a suit by the American Bar Association challenging 2025 executive orders targeting law firms, the Trump administration is looking to have Susman Godfrey LLP disqualified as plaintiffs' counsel, alleging the firm can't act as counsel in a case where it's also a key witness.

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Jackson Walker, US Trustee Denied Delay In Romance Dispute

By Emma Cueto

Jackson Walker LLP and the U.S. Trustee's Office, grappling with the aftermath of a romantic relationship between one of the firm's former partners and a then-bankruptcy judge, will not be able to delay pretrial proceedings to continue negotiating a possible settlement, a judge ruled Monday.

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AGs Say DOJ Suit Would 'Upend' Atty Discipline System

By Phillip Bantz

Attorneys general in 20 states have raised alarms over the U.S. Department of Justice's "unprecedented effort" to halt a disciplinary case in D.C. against former federal prosecutor Jeffrey Clark, warning the Trump administration is trying to "upend a centuries-old system of attorney discipline" and put federal government lawyers beyond the reach of local disciplinary authorities.

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Tennessee Lawyer Disbarred For Doxxing Judge, Hiding Client

By Rachel Rippetoe

The Supreme Court of Tennessee on Monday upheld a decision to permanently disbar a family law attorney for harassing a juvenile court judge online and illegally hiding a client and their child from police officers in her home.

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Trump Demands Review Of Judges' Science Manual

By Courtney Bublé

President Donald Trump has escalated a recent controversy over a scientific manual for federal judges that has been around for over three decades. 

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Another NYC Public Defense Union Sets Strike Deadline

By Andrea Keckley

The Neighborhood Defender Service of Harlem union became the latest New York City-area legal aid union to set a strike deadline this week, announcing Monday that its over 230 members will walk off the job if they don't reach a deal with their managers by Friday at 8 a.m.

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Atty Says Firm Used Info From Merger Talks Against Him

By Christine DeRosa

A Florida-based attorney and accountant has accused DeWitt LLP of retaliating against him after he declined to merge his estate practice with the firm by representing a woman he sued for defamation in a separate case after he had shared confidential information with DeWitt.

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NYC Judiciary Advisory Committee Executive Steps Down

By Andrea Keckley

The executive director of New York City's Mayor's Advisory Committee on the Judiciary has resigned, a City Hall spokesperson confirmed Monday, as the committee's near-total vacancy continues.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court last week tackled disputes involving intellectual property, corporate control, fiduciary duties, artificial intelligence, trust administration and cryptocurrency litigation.

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COMPANIES IN TODAY'S NEWS

Abu Dhabi Investment Authority

American Bar Association

Andreessen Horowitz LLC

BDO LLP

Bessemer Venture Partners

Brooklyn Defender Services

Center for Family Representation Inc.

Center for Justice

Cottrell Inc.

Craft Ventures

Fifth Third Bancorp

General Mills Inc.

Getty Images Holdings Inc.

GoldenTree Asset Management LP

GreatBanc Trust Co.

Grindr LLC

Jersey Mike's Subs

Meta Platforms Inc.

National Academy of Sciences

Neighborhood Defender Service of Harlem

Patriot National Inc.

Renaissance Capital

Rivian Automotive LLC

Skydance Media LLC

The Bronx Defenders

The District of Columbia Bar

WK Kellogg Co

Warner Bros. Discovery Inc.

LAW FIRMS IN TODAY'S NEWS

Arnold & Porter

Bentley Goodrich

Burns Charest

Conrad & Scherer

Cooley LLP

DLA Piper

Davis Polk

DeWitt LLP

Ellenoff Grossman

Hogan Lovells

Homer Bonner

Jackson Lewis PC

Jackson Walker LLP

King & Spalding

Lawson Huck

Meritz Reddy

Norton Rose

Pillsbury Winthrop

Proskauer Rose

Richards Layton

Rosen Saba

Rusty Hardin

Schneider Wallace

Simpson Thacher & Bartlett

Stearns Weaver

Susman Godfrey

Vedder Price

Williams & Connolly

Winston Taylor

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Executive Office of the President

Federal Judicial Center

New York State Unified Court System

U.S. Department of Justice

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the District of Columbia

U.S. District Court for the District of Minnesota

U.S. District Court for the Southern District of Florida

U.S. Securities and Exchange Commission

U.S. Supreme Court

West Virginia Attorney General's Office