An Illinois federal judge recommended Friday that stored energy solutions company LiiON LLC face sanctions for discovery violations and other missteps in a $100 million trade secrets case against its former business partner Vertiv Group Corp.
Mississippi bank Hancock Whitney urged a Florida federal judge Friday to toss a dental services company’s $250 million suit alleging the bank forced it to sell off a subsidiary, arguing that most of the claims have already been released by the dental company.
With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Ropes & Gray and Sidley. Here, Law360 recaps the ones you may have missed.
Hunt Real Estate Capital has provided $38.2 million in financing to Ebsco Income Properties for a new apartment complex in Winston-Salem, North Carolina, according to an announcement from the lender on Friday.
Passage Bio started trading Friday after raising $216 million in an upsized initial public offering steered by Fenwick & West LLP that saw the genetic medicine company price at the top of its expected range.
The past week in London has seen the liquidators of the defunct construction giant Carillion seek disclosure from the company's former KPMG auditors, Pinsent Masons LLP sue a prominent Emirati businessman, and the liquidators of a financing company sue its former chief executives. Here, Law360 looks at those and other new claims in the U.K.
Brookfield Infrastructure has increased the terms of its deal for telecom company Cincinnati Bell to roughly $2.75 billion in the wake of a shareholder lawsuit and pressure related to a competing proposal, the companies said Friday.
A Delaware Chancery judge on Thursday rejected most of a private equity investor's roughly $122 million bid for equity-based damages in connection with its acquisition of the former Plimus payment processing business, instead awarding minimal damages related to a limited fraud claim and fines.
Cromwell Property Group has sold a 50% stake in a pair of mixed-use buildings outside Sydney for AU$120 million ($79 million) and has also entered into a joint venture agreement with BlackRock for construction and upgrades at the site, the Australia-based real estate firm announced on Thursday.
A group of canned tuna buyers have asked a California federal judge to reconsider dismissing Bumble Bee's private equity owners from a sprawling price-fixing litigation, saying evidence shows the buyers can overcome the legal hurdles that led to the tossing of the claims.
Food delivery company DoorDash said Thursday it confidentially filed for an initial public offering, teeing up a potentially high-profile debut later this year.
A major South Korean music label is planning a $5 billion IPO, Dyal Capital is raising $9 billion for its latest fund, and Shell is seeking to sell $1 billion of Egyptian oil and gas assets. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.
Private equity-backed sales and marketing technology company ZoomInfo Technologies Inc. on Thursday filed a $500 million initial public offering with regulators amid a quiet IPO market, guided by Simpson Thacher & Bartlett LLP and underwriters’ counsel Latham & Watkins LLP.
Thyssenkrupp AG said Thursday that it has agreed to sell its elevator technology business to a group led by Advent International, Cinven and RAG-Stiftung for €17.2 billion ($18.9 billion).
Three financial technology companies have been snapped up in billion-dollar deals so far this year with more to come, industry observers say, as buyers and acquisition targets seek to harness novel technologies, searching for increased scale and probing new consumers as the deal trend evolves from payments infrastructure to consumer-facing products.
A Delaware bankruptcy judge on Wednesday gave his nod to $120.5 million in Chapter 11 asset sales for the maker of Zest soap and other personal hygiene and beauty products despite strong objection from a jilted backup bidder for some of the assets.
Venture capital firm QED Investors said Wednesday it raised $350 million for its sixth fintech-focused fund with guidance from attorneys at Cooley LLP.
A Florida federal judge on Wednesday sanctioned the two principals of broker-dealer Spartan Securities Group Ltd. for failing to show up to a mediation in the U.S. Securities and Exchange Commission's suit alleging that they schemed to create sham companies and sell "free-trading" stock to the public.
A founder of litigation funder Oasis Financial has withdrawn a bid to revive a lawsuit claiming Kirkland & Ellis LLP and Littler Mendelson PC steered Oasis' private equity sale using fraudulent transaction documents, while improperly keeping its minority co-owners out of the loop until the sale was final.
Safe maker Alpha Guardian has filed for Chapter 11 in Nevada bankruptcy court, saying the 2017 merger that formed the company has left it running in the red with with $120 million in debt as it fails to keep up with customer demands.
Sheppard Mullin Richter & Hampton LLP has brought on a Holland & Knight LLP partner experienced in executive compensation and employee benefits matters to the firm’s tax, employee benefits, and trusts and estates practice in Washington, D.C.
Guided by Kirkland & Ellis, a private equity firm that focuses on investing in bootstrapped, business-to-business software companies has closed its fifth fund, raising $531 million and bringing the total amount of money raised for all of its funds to $1.2 billion, it said Wednesday.
A private equity fund formation attorney who’s worked with groups like Citi Private Bank, Brown Brothers Harriman and Credit Suisse has joined Willkie Farr from Shearman & Sterling in its New York office.
Technology startup Unqork, represented by Hoberman Law Group, on Wednesday said it has raised additional funds from investors including a Goldman Sachs division to hit $131 million in the final close of its Series B round.
Private equity firm Corsair Capital, working with Simpson Thacher, has wrapped up its fifth fund after securing $1 billion from limited partners, with plans to target investments in technology companies, including in areas like payments and software.
As part of the debate prompted by my recent Law360 guest article on legal prediction using artificial intelligence, I would like to unpack four issues and suggest that attorneys and technologists continue to tackle the problems presently within reach, says Joseph Avery at Claudius Legal Intelligence.
Several recent and pending direct listings have shone a spotlight on the benefits and limitations of this alternative to traditional initial public offerings as an exit strategy for late-stage companies, says Louis Lehot of L2 Counsel.
A workshop recently held by the California Minority Counsel Program provides steps law firms can take toward solving minority attorneys' limited access to social capital and lack of meaningful investment, as well as other obstacles to diversity and inclusion, says Alexandra DeFelice, director of marketing and business development at Payne & Fears.
Recently issued IRS guidance on carbon oxide sequestration tax credits takes an essential step toward providing project developers and investors with a clear regulatory framework, even though further instruction is needed for taxpayers to confidently claim credits in new projects, say attorneys at Steptoe & Johnson.
Amid uncertainty over the global impact of coronavirus, companies across a variety of industries should evaluate several factors to determine when specific outcomes compel U.S. Securities and Exchange Commission disclosures, says Adele Hogan at Nelson Mullins.
A recent Law360 guest article criticizing the New Jersey Supreme Court’s ruling in Balducci v. Cige overlooks the intricate nature of discrimination cases, which renders artificial intelligence an insufficient tool for predicting time and cost, says Paul Aloe at Kudman Trachten.
As courts increasingly accept technology-assisted document review, some are bordering on forcing parties to employ TAR, in which case attorneys may need to step in if their clients prefer other processes, say Donna Fisher and Matthew Hamilton at Pepper Hamilton.
A recent Law360 guest article argued that artificial intelligence can precisely estimate the length and cost of a new case, but several limitations will likely delay truly accurate predictions for years to come, says Andrew Russell at Shaw Keller.
Institutional investors in private equity and venture capital funds should push back against limited partnership agreements that make it impossible to remove a general partner for any reason, say Kenneth Witt and Marc Lieberman at Kutak Rock.
Several recent mergers and acquisitions concentrated in the health care sector illustrate a growing trend of private equity sponsors teaming up with strategic buyers in innovative ways that provide value for both sides, say attorneys at Debevoise.
Recent policy developments and investment trends in China, Europe and the United States offer a number of compelling reasons to expect that energy infrastructure M&A deals will be strong in 2020, say attorneys at Hogan Lovells.
The U.S. Department of Justice showed more initiative in directly bringing health care-related False Claims Act cases despite a decrease in qui tam filings last year, and as scrutiny of the industry continues to rise, several sectors deserve to be watched carefully this year, say attorneys at Epstein Becker.
As attorneys, we may prefer the precision of written communication, but a phone call or an in-person conversation builds trust by letting others see and hear our authentic selves, rather than something constructed or scripted, says mediator Sidney Kanazawa of ARC.
The New Jersey Supreme Court’s recent decision in Balducci v. Cige incorrectly concluded that predicting the length and cost of a case is nearly impossible, and overlooked artificial intelligence's ability to do so, says Joseph Avery with Claudius Legal Intelligence.
Amid increasing risk exposure from financial services companies' partners, clients and affiliates, opportunities exist to leverage processes across firms' anti-money laundering and anti-bribery and corruption programs, says Michelle Goodsir at K2 Intelligence.