StepStone Closes $1.7B Secondaries Infrastructure Fund

By Jade Martinez-Pogue

Latham & Watkins LLP-advised StepStone Group Inc., a private equity shop, on Wednesday revealed that it wrapped its latest secondaries infrastructure fund and related separate accounts with $1.7 billion in tow.

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3 Firms Guide Victory Capital's $7B First Eagle Buy

By Jade Martinez-Pogue

Asset manager Victory Capital Holdings on Wednesday revealed that it has agreed to acquire independent asset manager First Eagle Investments from Genstar Capital and First Eagle employees for roughly $7 billion in a deal built by three law firms.

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KKR To Pay 'Record' $250M To End DOJ Merger Notice Suit

By Lauren Berg

KKR & Co. has agreed to pay a $250 million civil penalty to resolve allegations that it hid key documentation and entire transactions for merger notification, the U.S. Department of Justice announced Wednesday, calling it the largest-ever penalty for repeat violations of the Hart-Scott-Rodino Act.

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Dodgers, Lakers Owner Denies $12.5B Deal Is 'Fire Sale'

By Charlie Innis

TWG Global, the company that owns the Los Angeles Lakers and Dodgers, on Wednesday blasted "attacks" it has faced from "unnamed sources" in the news media over federal probes into its insurance holdings, saying its affiliated transactions are legitimate and a $12.5 billion planned sale of the Lakers is "no fire sale."

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Norton Rose Tags Mintz Sports Chair As NY Head Of PE

By Tracey Read

The former chair of Mintz Levin Cohn Ferris Glovsky and Popeo PC's sports and entertainment practice has joined Norton Rose Fulbright as U.S. head of sports capital and transactions and New York head of private equity, the firm announced Wednesday.

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Chancery Lets Investor Defend SpaceX Fund In Florida

By Jarek Rutz

The Delaware Chancery Court on Wednesday granted investor Alessandro Possati a limited default judgment allowing him to act on behalf of an investment partnership in related Florida litigation, while declining to make broader findings that could affect his remaining fiduciary duty claims.

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Optics Co.'s £346M Sale Wins Investor Backing At Meetings

By Irene Madongo

Optics technology provider Gooch & Housego said Wednesday that most of its shareholders have approved its proposed acquisition by U.S. private equity company Arlington Capital, in a deal valuing the provider at around £346 million ($470 million).

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Squires Institutes 6 Patent Reviews, Rejects 5 Others

By Ryan Davis

U.S. Patent and Trademark Office Director John Squires has instituted six patent reviews and denied five other requests in his latest round of decisions.

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Calif. Bill Curbing PE Role In Litigation Heads To Newsom

By Lauren Berg

A California bill to ban corporate investors from influencing litigation strategy is heading to Gov. Gavin Newsom's desk after passing with bipartisan support from the state Legislature.

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Pillsbury Settles Ex-Recruiting Director's Pregnancy Bias Suit

By Grace Elletson

Pillsbury Winthrop Shaw Pittman LLP has settled a Black former director's suit claiming the law firm fired her weeks after she shared that she was pregnant and would need accommodations, according to a Tennessee federal court filing.

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DOJ Flags Breach Of Internal Policies In Apple Suit

By Bryan Koenig

The U.S. Department of Justice told a New Jersey federal judge Tuesday that its staffers breached internal policies when they shared personally identifiable information with an outside discovery vendor that was hired not by the department, but instead by the DOJ's state attorneys general partners, in the monopolization case against Apple.

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Prosecutors Say Goldstein Must Stay Behind Bars

By Jared Foretek

Federal prosecutors told the Fourth Circuit on Tuesday to keep convicted Supreme Court attorney Thomas Goldstein behind bars while he appeals his conviction, arguing that he remains a serious flight risk with wealthy overseas connections and "an ongoing danger" whose tax crimes continued "even after conviction."

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Arizona Atty Reprimanded For Series Of AI Errors

By Matt Perez

An Arizona federal judge has formally reprimanded a lawyer who admitted to filing four briefs that contained errors including false quotes and a faulty case summary generated with artificial intelligence amid an employment discrimination suit, noting the lawyer previously faced sanctions on two separate occasions for violating court rules.

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House Committee Wants DOL IG To Widen Info-Sharing Probe

By Benjamin Morse

Top House Education and Workforce Committee Republicans urged the U.S. Department of Labor's watchdog Wednesday to expand its review of information-sharing arrangements with outside groups, asking whether three additional agencies improperly disclosed confidential investigative material during the Biden administration.

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