SpaceX Launches Plans For Massive $75B IPO

By Jade Martinez-Pogue

SpaceX on Wednesday outlined a price target for its blockbuster initial public offering, telling U.S. regulators that it expects to raise $75 billion in what would mark the largest IPO in history.

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BigLaw Insider Trading Defendants Have Big-Name Legal Help

By Chris Villani

An insider trading case involving nonpublic information prosecutors say was stolen from some of the largest law firms in the U.S. has ensnared more than two dozen defendants, many of whom have turned to lawyers with notable clients including Donald Trump, Harvey Weinstein and Luigi Mangione.

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4 Firms Steer Sixth Street's $1B Investment In Kpler

By Jade Martinez-Pogue

Trade intelligence and data analytics firm Kpler on Wednesday announced it has secured a more than $1 billion growth equity investment from private equity shop Sixth Street in a deal built by four law firms.

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Kirkland-Led Defense Firm Applied Aerospace Inks $650M IPO

By Elaine Briseño

Applied Aerospace & Defense Inc., with a market value of $3.4 billion, began trading publicly on the New York Stock Exchange on Wednesday after raising $650 million with an initial public offering guided by Kirkland & Ellis LLP and Davis Polk & Wardwell LLP.

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Sysco Reveals Deal Probe, Promises 'Gov't Will See Benefits'

By Bryan Koenig

Sysco's CEO has disclosed that U.S. antitrust enforcers launched an in-depth probe into the wholesale restaurant food distributor's plan to acquire Jetro Restaurant Depot at a total enterprise value of approximately $29.1 billion, while expressing confidence that officials will find no issues with the transaction.

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Crescent Capital Wraps $10.8B Direct Lending Fund

By Jade Martinez-Pogue

Alternative credit investment firm Crescent Capital Group LP on Wednesday revealed that has it closed its latest U.S. direct lending fund with $10.8 billion of investable capital.

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EU Approves BASF Buy With Conditions

By Aneeta Mathur-Ashton

The European Commission on Monday approved the acquisition of BASF's coatings division by investment company Carlyle Group and the Qatar Investment Authority.

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Vista Equity Hit With Stockholder Suit Over $1.7B IAS Sale

By Rae Ann Varona

A former Integral Ad Science stockholder has launched a proposed class action in Delaware Chancery Court, asserting that a controlling stockholder sought the media measurement platform's $1.7 billion sale to affiliates of Novacap Management Inc. to eliminate exposure to his derivative claims alleging insider trading.

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KeyBank, Investment Advisers Settle Suit Alleging Client Theft

By Adam Lidgett

KeyBank affiliate Key Investment Services LLC has agreed to settle its suit accusing two former investment advisers of stealing trade secrets and violating their employment agreements by soliciting customers.

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Feds Pitch 63-Month Sentence For Player In Oil Investor Scam

By Rachel Riley

Federal prosecutors argued Tuesday that a Washington man should be sentenced to 63 months in prison for moving tens of millions of dollars from investors to overseas bank and cryptocurrency accounts as part of a fraud scheme, while the defendant sought a 15-month sentence, saying he was enticed by "sophisticated international criminals."

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Cooley Adds 2 More Kirkland Attys To Infrastructure Team

By Andrea Keckley

Cooley LLP announced Wednesday that it has hired a pair of Kirkland & Ellis LLP attorneys who the firm says strengthen its ability to guide clients through the full life cycle of infrastructure investments.

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Private Lender Verification Lessons From Recent Fraud Cases

Recent fraud allegations involving private credit borrowers raise compliance red flags for lenders, who must recognize that financial and collateral verification is an essential safeguard as failures in underwriting and monitoring infect the broader market, say Michael Bresnick at Venable and Brian Mich at Control Risks Group.

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5 Things Associates Must Ask About Their Firm's Merger Plan

The associates who navigate law firm mergers best ask the right questions early, such as inquiring about partners' plans, to assess how the merger could affect their workflow and career path, says Jackie Bokser-LeFebvre at Major Lindsey.

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Quinn Emanuel, Texas Boutique Match Milbank Associate Pay

By Kevin Penton

Quinn Emanuel Urquhart & Sullivan LLP and a Texas-based litigation boutique are the latest firms to match Milbank LLP's pay hikes for associates, with annual increases of $10,000 to $20,000 that top off at $455,000.

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Blanche's AG Bid Could Face Rocky Path In Senate

By Courtney Bublé

Acting Attorney General Todd Blanche will be tapped for the permanent role, but he might not have a smooth path to confirmation.

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Goldstein Seeks Sentencing Delay, Citing New Tax Claims

By Jared Foretek

SCOTUSblog founder Thomas Goldstein renewed his push Wednesday in Maryland federal court for a delayed sentencing, saying prosecutors blindsided his defense by including additional uncharged years of alleged tax avoidance in the government's sentencing memorandum.

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Georgia Fed. Judge Facing Impeachment Threat, New DQ Bid

By Emily Johnson

A Georgia federal judge reportedly disciplined for having sexual intercourse in her chambers and attending a political event is facing renewed pressure, as a former UPS employee seeks her disqualification from his dismissed racial discrimination lawsuit and a Georgia congressman drafts articles of impeachment to remove her from the bench.

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Deepfake Mocks Judge Spearheading Judiciary Deepfake Rule

By Jeff Overley

The New York federal judge developing policies for phony audiovisual materials revealed Thursday firsthand experience with the subject: an artificial intelligence video on social media that depicts him as a maniacal Nazi who recently sentenced a private equity executive to prison "for being a Republican."

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Analysis

'Parallel' DOJ, SEC Investigations Not So Parallel Anymore

By Phillip Bantz

The level of coordination between the U.S. Department of Justice and the U.S. Securities and Exchange Commission has decreased under the Trump administration, resulting in disjointed investigatory efforts and misaligned timing in parallel investigations, experts say.

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'Kentucky Hammer' Tries To Control Attys, PI Market, Suit Says

By James Boyle

The principal attorney of personal injury firm Isaacs & Isaacs PCS, who advertises as the "Kentucky Hammer," has been accused by a former attorney at the firm of bullying his employees into signing unfavorable contracts and attempting to monopolize the local personal injury market.

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Baker Donelson Seeks 'No Recovery' Ruling In Ponzi Fallout

By Emily Sawicki

Baker Donelson Bearman Caldwell & Berkowitz PC on Thursday asked a Mississippi federal court to issue a single check-box form ruling that states the firm does not owe a monetary judgment stemming from a jury's verdict finding it committed negligent supervision amid a timber company's nine-figure Ponzi scheme, which was perpetrated in part by two of the firm's then-partners.

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Calif. Bar Accuses More Attys In Unlicensed Practice Scheme

By Lauren Berg

Three more attorneys at the Los Angeles personal injury firm facing investigation for its involvement in a record $4 billion sex abuse settlement against Los Angeles County are facing disciplinary charges by the State Bar of California, alleging the firm illegally practiced law outside the state.

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NY AG Must Preserve Cohen Docs In Trump's Civil Fraud Case

By Frank G. Runyeon

The New York state trial court judge overseeing President Donald Trump's civil fraud case granted his request to preserve notes from private meetings between state litigators and Trump's former attorney Michael Cohen after the key witness said he felt "pressured" to testify.

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SEC Disgorgement Powers Stay Intact After High Court Fight

By Jessica Corso

The U.S. Supreme Court on Thursday said that the U.S. Securities and Exchange Commission could collect ill-gotten gains from alleged fraudsters without having to identify victims who were financially harmed by the fraud, declining to place further limits on the agency's disgorgement powers six years after it last did so.

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Titan Of The Plaintiffs Bar: Robbins Geller's David Knotts

By Sydney Price

Right after graduating from Cornell University Law School, David Knotts, a native of Kansas City, Missouri, landed at one of the world's largest corporate defense firms.

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