Orrick, Kirkland Steer Weave's $650M Take-Private

By Jade Martinez-Pogue

Patient engagement platform and payment services company Weave Communications Inc., led by Orrick Herrington & Sutcliffe LLP, on Tuesday revealed it will become a private company after it was acquired by Kirkland & Ellis LLP-advised private equity shop Francisco Partners in a $650 million deal.

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AI Biz Fort Robotics To Go Public Via $556.6M SPAC Deal

By Jade Martinez-Pogue

Fenwick & West LLP-advised tech company Fort Robotics Inc. on Tuesday announced plans to go public by merging with special purpose acquisition company Newbury Street II Acquisition Corp., led by Ellenoff Grossman & Schole LLP, in a deal that values the merged business at a pro forma enterprise value of $556.6 million.

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Greenberg Traurig-Led PE Shop Closes $440M Inaugural Fund

By Jade Martinez-Pogue

Greenberg Traurig LLP-advised Broadwing Capital Management said Tuesday that it has wrapped its inaugural fund with $440 million in tow.

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Rising Star: Debevoise's Katherine Durnan Taylor

By Anna Scott Farrell

Katherine Durnan Taylor of Debevoise & Plimpton LLP has advised on multiple multibillion-dollar transactions, helping private equity firm CD&R in a nearly $9 billion acquisition of healthcare technology company R1, and Warner Bros. Discovery in its $110 billion sale to Paramount Skydance — earning her a spot among the private equity law practitioners under age 40 honored by Law360 as Rising Stars.

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​​​​​​​Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court last week tackled disputes involving multibillion-dollar mergers, corporate oversight, founder control, SPAC litigation, commercial contracts and attorney fees.

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Fla. Judge Wants More Public Info In SEC's PE Fraud Suit

By David Minsky

A Florida federal judge on Tuesday declined to grant the U.S. Securities and Exchange Commission's request to unseal court-appointed monitor reports of a private equity firm accused of fraud in a $1 billion fund, but said some information wasn't privileged and allowed the government to list what should be public.

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PE Music Rights Co. Sues Anthropic, Suno Over AI Training

By Bonnie Eslinger

Private equity music publisher Round Hill Music has sued Anthropic, Suno and web-scraping provider Bright Data in separate federal lawsuits in California, accusing the companies of "rampant commercial copying" of thousands of its copyrighted songs and lyrics without permission to build and train artificial intelligence systems.

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Franchise Group Trust Seeks $700M Over Take-Private Deal

By Jarek Rutz

The litigation trust created after Franchise Group Inc.'s bankruptcy on Tuesday sued the company's former CEO, advisers and others in the Delaware Chancery Court, accusing them of carrying out a fraudulent take-private deal that caused more than $700 million in damages.

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DLA Piper Taps Weil Partner As New York PE Co-Lead

By Andrea Keckley

DLA Piper has announced it hired a Weil Gotshal & Manges LLP partner to co-lead its private equity practice in New York.

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What B. Riley Dismissal Teaches About Governance Litigation

The same facts in litigation against B. Riley Financial produced three different outcomes in three courthouses, but the Court of Chancery's decision in Marchner v. B. Riley is the cleanest demonstration in years of why boards facing a government investigation often prepare for the wrong lawsuit, says Ashwin Ram at Buchalter.

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Upping Fed, FDIC's Insider Loan Cap May Ease Bank Burdens

Coordinated Federal Deposit Insurance Corp. and Federal Reserve proposals to raise the 1970s-era cap for bank executives borrowing from their institutions represent a long-needed regulatory recalibration that would lighten compliance obligations caused by the outdated ceiling without diminishing the original protections against conflicts of interest, say attorneys at Ballard Spahr.

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How Does In-House Pay Compare? Take The Law360 Survey

How do in-house salaries vary across industries, roles, and organizational revenue? What compensation tools are companies using to lure top talent? Help Law360 Pulse answer these questions and more in this year's In-House Compensation Survey.

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White House Aims To Shield Advisers Behind Law Firm EOs

By Emily Sawicki

The Trump administration and Justice Department "strongly object" to an Aug. 3 discovery order requiring them to name individuals involved in drafting and approving executive orders targeting law firms, amid their repeated refusal to hand over certain communications in a suit brought by the American Bar Association.

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Ex-DOJ Atty Says Trump's University Probes Were Political

By Hailey Konnath

Trump administration officials forged ahead with investigations into Harvard, Columbia and other universities despite its own lawyers raising legal concerns and, in some cases, finding "little to no factual predicate justifying opening them," according to a whistleblower disclosure from a former U.S. Department of Justice lawyer made public Tuesday.

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Troutman Sidelined Associate After Heart Attack, Suit Says

By Patrick Hoff

Troutman Pepper Locke LLP derailed an associate's career because he took medical leave to recover from a heart attack and spoke up about senior attorneys' fraudulent billing practices, according to a lawsuit filed Tuesday in New Jersey federal court.

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Trump Names 9 Judicial Picks Across 6 States

By Courtney Bublé

President Donald Trump announced nine nominees Tuesday for judicial spots in Florida, Texas, Louisiana, Kentucky, Oklahoma and Alaska. 

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Bot Errors Doom Expert's Credibility In Tainted-Supplement Suit

By Rachel Riley

A Washington federal judge Tuesday disposed of a U.S. Army nurse's lawsuit claiming supplement maker Thesis Nootropics sold products tainted with amphetamines, concluding that a key expert destroyed his credibility by submitting a report containing bot-generated false citations — much like errors for which the plaintiffs' counsel was recently sanctioned.

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Big Tech, PTAB Attys Urge Justices To Fix USPTO Power Grab

By Dani Kass

The Federal Circuit's refusal to curb the U.S. Patent and Trademark Office director's power over instituting Patent Trial and Appeal Board challenges has allowed leaders to "wreak havoc" without accountability, top tech companies have warned the U.S. Supreme Court.

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Quill & Arrow Says Ford Can't Rehash Lemon Law Fee Fights

By Linda Chiem

Quill & Arrow LLP has asked a California federal judge to dump a "retaliatory" lawsuit alleging the personal injury firm saddled Ford Motor Co. with high-priced legal bills for work purportedly handled by virtual assistants overseas or nonlawyers, saying the automaker is trying to chill product liability litigation.

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