Bitfury Group subsidiary Cipher Mining said Friday that it's aiming to go public through a merger with a special purpose acquisition company to forge a $2 billion Bitcoin mining company, in a deal guided by Latham & Watkins, Schiff Hardin and Mayer Brown.
Private equity firm InterPrivate launched three blank-check companies into the public markets Friday after the companies raised a combined $700 million in White & Case LLP-guided initial public offerings.
The Delaware Supreme Court issued a landmark ruling March 3 that state law does not excuse a Dole directors and officers insurer from covering the food company's settlements of fraud-based claims, a decision that will aid other Delaware corporations in similar disputes with their D&O carriers.
In this week's Taxation With Representation, cloud company Okta buys identity authentication company Auth0 for $6.5 billion, Las Vegas Sands sells property holdings for $6.3 billion, and insurance technology company Hippo inks a $5 billion merger.
Bankrupt car parts maker Garrett Motion Inc. told a New York bankruptcy judge Friday that it has reached a deal with a shareholder group to increase their share of the reorganized company in exchange for their support for the Chapter 11 plan.
Industrial-focused private equity firm KPS said Friday it's buying the aluminum rolling business of aluminum and energy multinational Norsk Hydro ASA for €1.38 billion (about $1.64 billion) in a deal guided by three law firms.
With so much mergers and acquisitions news this week, you may have missed several deals announced in the last several days helmed by firms such as Davis Polk & Wardwell LLP and Latham & Watkins LLP. Here, Law360 recaps the ones you may have missed.
It took 15 months, $640 million and a two-week trial but Evonik managed to close its purchase of fellow hydrogen peroxide producer PeroxyChem last year, days after its Freshfields Bruckhaus Deringer LLP legal team broke the Federal Trade Commission's seven-case winning streak contesting mergers in federal court.
The past week in London has seen Scotland's ferry services sue its insurer, Britain's new high-speed rail service face another contract challenge and an ex-Qatari prime minister's company hit with a new suit. Here, Law360 looks at those and other new claims in the U.K.
Private equity firms I Squared Capital and TDR Capital will shell out £2.3 billion ($3.2 billion) for U.K.-based Aggreko, a mobile power provider on tap for the Tokyo Olympics and Paralympics, in a deal announced Friday that was built by law firms Kirkland & Ellis, Slaughter and May and Dickson Minto.
Law firms are vying to establish themselves as experts on how climate change impacts an ever-expanding array of client interests, putting new spotlights on the work of environmental and energy lawyers that are teaming with disparate practice groups to deliver holistic climate advice.
Robinhood is expected to file for an IPO that could value the online trading app at $20 billion, Indian e-commerce giant Flipkart is considering a SPAC merger, and Permira has offered to buy a $3.7 billion medical device maker. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.
Shares for a senior care enterprise that provides in-home support jumped on the stock exchange Thursday after the Apax Partners-backed company raked in roughly $350 million as part of its initial public offering guided by Kirkland & Ellis and underwriters' counsel Simpson Thacher.
Gibson Dunn & Crutcher LLP's New York City-based partner Barbara Becker will take the multinational law firm's reins as the first woman to reach its co-terminous chair and managing partner positions in its 131-year history, the firm has announced.
Amazon-backed U.K. online food delivery company Deliveroo said Thursday it is eyeing a London Stock Exchange initial public offering that will include dual-class shares, following a U.K. proposal to ease rules on such voting arrangements in order to attract more technology companies.
Real estate analytics company CoreLogic rejected a sweetened $7.3 billion takeover offer from peer CoStar Group Thursday, citing the latter company's volatile stock price and regulatory uncertainty for the tie-up, in contrast to its pending $6 billion deal with Stone Point Capital LLC and Insight Partners.
Insurance technology company Hippo, guided by Latham & Watkins, has agreed to merge with a Sullivan & Cromwell-advised special purpose acquisition company that is led by the co-founder of LinkedIn at an enterprise value of $5 billion, the companies said Thursday.
Delaware's high court affirmed Wednesday that RSUI Indemnity Co. owes more than $12 million toward $222 million in settlements that Dole Food Co. and its CEO struck to resolve stockholder suits over alleged fraud in a 2013 take-private deal, clarifying that state law permits coverage for claims of fraudulent conduct.
A blank-check company sponsored by former NFL quarterback Colin Kaepernick started trading Wednesday after raising $300 million in an Ellenoff Grossman-led initial public offering.
Boston Scientific will pay $1.07 billion to buy the global surgical business of Israeli medical device company Lumenis, the companies said Wednesday, in a deal developed with help from Latham & Watkins and Ropes & Gray.
Venture-backed health insurer Oscar Health Inc. went public on Wednesday after pricing an upsized $1.4 billion initial public offering, guided by Latham & Watkins LLP and underwriters' counsel Goodwin Procter LLP.
Arts and crafts retail chain Michaels unveiled plans to go private Wednesday through a $5 billion deal with asset management giant Apollo Global, with guidance from Ropes & Gray, Simpson Thacher, Paul Weiss and financial adviser counsel Latham & Watkins.
Debevoise & Plimpton- and Morrison & Foerster-advised Schneider Electric will buy a 30% stake in Uplight, which provides services to energy providers with an aim of transitioning to a clean energy ecosystem, as part of a larger investment round valuing the business at $1.5 billion, the companies said Wednesday.
DLA Piper represented Carlyle in connection with a purchase announced Wednesday of a 13,090-square-meter (140,900-square-foot) logistics property in Germany from MAS Real Estate, which had counsel from Hogan Lovells.
Kirkland & Ellis LLP recently hired a former Baker Botts LLP finance partner in Houston amid a rise in bankruptcy and restructuring cases in the Southern District of Texas.
Attorneys working remotely from jurisdictions in which they are not admitted should take precautionary steps to avoid engaging in unauthorized practice of law, say John Schmidt and Michael Seaman at Phillips Lytle.
Parenting during the pandemic has introduced a series of competing personal and professional obligations for attorneys and professional staff, and even organizations that are supportive of their parent employees can take steps to do better, says Meredith Kahan at Saul Ewing.
Although a California federal court recently ruled a donor-advised fund sponsor did not breach prudent investor standards in Fairbairn v. Fidelity Charitable, the case shows that disgruntled donors may initiate claims against charities over nonbinding advisory privileges, and could introduce a wave of litigation over alleged investment mismanagement, says Karl Mill at Adler & Colvin.
The prospect of joining a law firm during the pandemic can cause added pressure, but with a few good practices — and a little help from their firms and supervising attorneys — lawyer trainees can get ahead of the curve while working remotely, say William Morris and Ted Landray at King & Spalding.
Attorneys at Nossaman look at how President Joe Biden’s ethics pledge goes beyond those of his predecessors by imposing post-employment shadow lobbying and golden parachute restrictions on his administration’s appointees — and how a House bill proposing expansion of federal ethics law could affect enforcement.
Law graduates across the states are sitting for the grueling two-day bar exam this week despite menstruation-related barriers, such as inadequate menstrual product and bathroom access, which could be eradicated with simple policy tweaks, say law professors Elizabeth Cooper, Margaret Johnson and Marcy Karin.
Consultants at Deloitte discuss the tax implications of India's latest budget proposals, including the potential benefits for foreign portfolio investors and offshore funds migrating to India's new international financial services center, and the possible rise of M&A costs.
As transaction disputes rise amid evolving market conditions, certain strategies can help companies mitigate risk while remaining live to M&A opportunities, say attorneys at Freshfields.
The volume and diversity of data managed by law firms today — from client files to internal financial records — may seem daunting, but when properly organized, good data can help practitioners stay competitive by providing sharper insight into firm resources and cost of work, say Jaron Luttich and Barry Wiggins at Element Standard.
While Democrats in Congress are well on their way to enacting an initial COVID-19 relief bill, they will face challenges when pivoting to President Joe Biden's Build Back Better goals for job creation and economic revitalization, say Russell Sullivan and Radha Mohan at Brownstein Hyatt.
Whether a law firm dissolution is amicable or adversarial, departing attorneys should take steps to maintain their legal and ethical responsibilities toward clients, and beware client confidentiality pitfalls when joining new firms, say John Schmidt and Colin Fitzgerald at Phillips Lytle.
While infrastructure privatizations have fallen out of favor and publicly funded projects are now in the spotlight, budget shortfalls at the state and local level mean that privatization can provide needed capital — but deals should be conducted transparently and with lessons learned from past missteps, says Adam Giuliano at Kaplan Kirsch.
The Second Circuit’s recent opinion in Cavello Bay Reinsurance v. Stein, which held a private securities sale was extraterritorial despite several ties to New York, underscores that how transaction agreements are structured could affect whether a deal may be subject to federal securities laws — especially in an increasingly remote world, say attorneys at Cleary.
Jeanette Turner at SEI analyzes how the U.S. Commodity Futures Trading Commission's recent pivot away from pool-specific reporting requirements it implemented after the 2008 financial crisis will change commodity pool operators' disclosure obligations in the coming months.
Courts are leading the way in ensuring oral argument opportunities for newer attorneys by incorporating innovative language in a variety of orders, and private parties can and should follow suit by incorporating similar language into case management orders, say Megan Jones and Halli Spraggins at Hausfeld.