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Private Equity
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February 04, 2026
Stem-Cell Drug Developer PrimeGen Inks $1.5B SPAC Merger
Regenerative medicine developer PrimeGen US said Wednesday it has agreed to go public through a merger with blank check company DT Cloud Star Acquisition Corp., in a deal that values the company at about $1.5 billion.
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February 04, 2026
Seidler Family Resolves Most Of Padres Ownership Dispute
A dispute over control of the San Diego Padres appears to be over, as the widow of the team's late owner has dropped several claims against his brothers just months after the Major League Baseball team announced it was putting itself up for sale.
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February 04, 2026
Fintech Broker Clear Street Targets $1B IPO
Cloud-based financial services provider Clear Street Group Inc. said Wednesday it anticipates a $1 billion initial public offering, represented by Davis Polk & Wardwell LLP and underwriters counsel Cooley LLP.
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February 04, 2026
Private Equity Group Of The Year: Debevoise
Debevoise & Plimpton LLP advised financial services investor Kelso & Co. in its largest transaction ever when Brown & Brown Inc. unveiled plans to purchase Kelso portfolio company Accession Risk Management in a nearly $10 billion deal, earning the firm a spot among the 2025 Law360 Private Equity Groups of the Year.
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February 04, 2026
Stockholders Ask Del. Justices To Revive Bylaw Suits
Stockholders challenging advance notice bylaws at AES Corp. and Owens Corning urged the Delaware Supreme Court on Wednesday to revive their dismissed suits, saying boards should face fiduciary duty scrutiny the moment they adopt allegedly entrenching bylaws, not only after a proxy contest is triggered.
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February 04, 2026
Autonomous Construction Startup Raises $270M In Series B
Autonomous construction technology company Bedrock Robotics said Wednesday that it has raised $270 million in Series B funding after completing a mass excavation of a manufacturing site last year.
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February 04, 2026
Glencore To Sell 40% Stake In Congo Assets For $3.6B
A consortium of investors has reached a deal with Glencore to acquire a stake in the assets of the Anglo-Swiss mining giant in the Congo for approximately $3.6 billion to secure critical minerals for the U.S. and its partners.
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February 03, 2026
Chancery Slashes Mootness Fee Proposal In Bolt Suit
A Delaware vice chancellor on Tuesday pruned to $4.1 million a $7.5 million attorney fee request for litigation that ended with cancellation of more than $37 million in Bolt Financial Group shares used by a company controller to secure a later-defaulted-upon, company-guaranteed loan.
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February 03, 2026
Private Equity Group Of The Year: Sidley
Sidley Austin LLP acted as Affinity Partners' lead counsel in its $55 billion acquisition of Electronic Arts Inc. and advised private equity giants Carlyle and KKR across various acquisitions of a more than $10.1 billion portfolio of prime private student loans from Discover Financial Services, earning the firm a spot among the 2025 Law360 Private Equity Groups of the Year.
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February 03, 2026
2nd Circ. Skeptical Anesthesia Group Suffered Antitrust Harm
A Second Circuit panel seemed poised Tuesday to find that an anesthesiology practice didn't suffer an antitrust injury in its claim that a United Healthcare unit used its market power in New York to cut reimbursement rates.
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February 03, 2026
Donerail Lobs $1.1B Takeover Bid For MarineMax Yachting Biz
Investor and adviser The Donerail Group, led by Olshan Frome Wolosky LLP, on Tuesday confirmed it had submitted a nonbinding takeover proposal to acquire Sidley Austin LLP-advised boat and yacht retailer MarineMax for $1.1 billion.
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February 03, 2026
Squire Patton Hires Sheppard Mullin, Miller & Chevalier Attys
Squire Patton Boggs LLP has hired a corporate attorney and an antitrust litigator from Sheppard Mullin Richter & Hampton LLP and Miller & Chevalier Chtd., respectively, who are joining the firm as partners in Washington, D.C., according to two Tuesday announcements.
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February 03, 2026
Del. High Court Revives Noncompete Over Forfeited Equity
The Delaware Supreme Court on Tuesday revived a fire and life-safety services company's bid to enforce postemployment restrictive covenants against a former executive, rejecting a lower court's conclusion that those covenants became unenforceable once the executive forfeited his incentive equity after being fired for cause.
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February 03, 2026
Otro Capital Closes Sports-Focused Fund With $1.2B In Tow
Sports-focused private equity shop Otro Capital, advised by Gibson Dunn & Crutcher LLP, on Tuesday revealed that it wrapped fundraising for its inaugural fund after securing $1.2 billion of capital commitments.
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February 03, 2026
Alston & Bird Adds Healthcare Regulatory Pro From Goodwin
Alston & Bird LLP has added a healthcare regulatory attorney previously with Goodwin Procter LLP as a partner in Chicago, the firm announced Tuesday.
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February 02, 2026
Gibson Dunn, Sullivan & Cromwell Lead SpaceX, XAI Merger
Elon Musk announced Monday that SpaceX, represented by Gibson Dunn & Crutcher LLP, has acquired his artificial intelligence startup xAI, advised by Sullivan & Cromwell LLP, in a bid to launch space-based data centers, amid plans for an initial public offering that would value the aerospace company at more than $1 trillion.
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February 02, 2026
Investors File $150M Florida Suit Against PE Fund Managers
A group of investors brought a proposed class action against numerous private equity fund managers in Florida federal court Monday, alleging a conspiracy to steal $150 million and hide the money through complex investment schemes involving infrastructure, real estate and a merchant cash advance business.
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February 02, 2026
Investment Funds Pro Rejoins Davis Polk From Paul Weiss
A private funds and investment management regulatory lawyer is returning to Davis Polk & Wardwell LLP as a partner in the firm's New York office after spending nearly four years with Paul Weiss Rifkind Wharton & Garrison LLP, where he served as head of the firm's investment management regulation practice.
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February 02, 2026
CD&R To Pay $70M To Settle Covetrus Sale Dispute
Private equity firm Clayton Dubilier & Rice LLC and others have agreed to pay $70 million to settle a suit in Delaware's Court of Chancery by shareholders of animal health company Covetrus Inc. accusing them of failing to disclose vital information to shareholders when joining forces with another private equity firm to acquire Covetrus in 2022.
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February 02, 2026
Monthly Merger Review Snapshot
U.S. enforcers reached three new merger settlements, while the Federal Trade Commission successfully blocked a $945 million heart valve deal and lodged an appeal for its case targeting Meta's past acquisitions.
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February 02, 2026
DLA Piper Adds Ex-Cooley Atty To Lead N. Calif. Practice
DLA Piper announced Monday that it has added the former global chair of Cooley LLP's digital health group to lead its Northern California corporate and securities practice and bolster its capacity to advise life sciences and technology companies on transactions and other matters.
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February 02, 2026
Private Equity Group Of The Year: Willkie
Willkie Farr & Gallagher LLP has guided sponsors and portfolio companies through landmark private equity transactions, including the year's second-largest private market energy deal, putting the team among the 2025 Law360 Private Equity Groups of the Year.
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February 02, 2026
Mintz Adds Winston & Strawn ITC Practice Co-Leader In DC
Mintz Levin Cohn Ferris Glovsky and Popeo PC has grown its Washington, D.C., office by bringing a Winston & Strawn LLP equity partner as its International Trade Commission practice co-chair, strengthening the firm's intellectual property services with a patent litigator with two decades of experience.
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February 02, 2026
BBQ Co. Execs, Argent Settle $99M ESOP Fight With DOL
Two executives for a New York barbecue chain and the company's employee stock ownership plan trustee have agreed to settle a lawsuit from the U.S. Department of Labor alleging that a $99 million stock purchase violated federal benefits law, according to a joint stipulation from the parties.
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February 02, 2026
Space And Defense Comms Co. Secures $470M Of Funding
Space and defense communications company CesiumAstro Inc. on Monday revealed that it has secured $470 million in growth capital, which will go toward funding the buildout of its new headquarters, among other uses.
Expert Analysis
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Series
Painting Makes Me A Better Lawyer
Painting trains me to see both the fine detail and the whole composition at once, enabling me to identify friction points while keeping sight of a client's bigger vision, but the most significant lesson I've brought to my legal work has been the value of originality, says Jana Gouchev at Gouchev Law.
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Opinion
SEC Arbitration Shift Is At Odds With Fraud Deterrence
The U.S. Securities and Exchange Commission's recent statement allowing the use of mandatory arbitration by new publicly traded companies could result in higher legal costs, while removing the powerful deterrent impact of public lawsuits that have helped make the U.S. securities markets a model of transparency and fairness, say attorneys at Labaton Keller.
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Protecting Sensitive Court Filings After Recent Cyber Breach
In the wake of a recent cyberattack on federal courts' Case Management/Electronic Case Files system, civil litigants should consider seeking enhanced protections for sensitive materials filed under seal to mitigate the risk of unauthorized exposure, say attorneys at Redgrave.
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Gauging SEC Short-Sale Rules' Future After 5th Circ. Remand
Though the Fifth Circuit recently remanded to the U.S. Securities and Exchange Commission two Biden-era rules requiring disclosure of securities lending and short-sale activity in order to consider the rules' cumulative economic impact, it's possible they will get reproposed, meaning compliance timelines could change, says Scott Budlong at Barnes & Thornburg.
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Series
Judging Figure Skating Makes Me A Better Lawyer
Judging figure skating competitions helps me hone the focus, decisiveness and ability to process complex real-time information I need in court, but more importantly, it makes me reengage with a community and my identity outside of law, which, paradoxically, always brings me back to work feeling restored, says Megan Raymond at Groombridge Wu.
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What Ethics Rules Say On Atty Discipline For Online Speech
Though law firms are free to discipline employees for their online commentary about Charlie Kirk or other social media activity, saying crude or insensitive things on the internet generally doesn’t subject attorneys to professional discipline under the Model Rules of Professional Conduct, says Stacie H. Rosenzweig at Halling & Cayo.
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Balancing The Risks And Rewards Of Private Equity In 401(k)s
The recent executive order directing government agencies to consider encouraging private equity and other alternative investments in 401(k) plans does not change the fundamental fiduciary calculus or reduce risk, as success with private investments will depend on careful analysis of both participant demand and fiduciary obligations, say attorneys at Jenner & Block.
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2 Rulings Highlight IRS' Uncertain Civil Fraud Penalty Powers
Conflicting decisions from the U.S. Tax Court and the Northern District of Texas that hinge on whether the IRS can administratively assert civil fraud penalties since the U.S. Supreme Court’s 2024 decision in SEC v. Jarkesy provide both opportunities and potential pitfalls for taxpayers, says Michael Landman at Bird Marella.
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Junior Attys Must Beware Of 5 Common Legal Brief Mistakes
Excerpt from Practical Guidance
Junior law firm associates must be careful to avoid five common pitfalls when drafting legal briefs — from including every possible argument to not developing a theme — to build the reputation of a sought-after litigator, says James Argionis at Cozen O'Connor.
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Series
Power To The Paralegals: How And Why Training Must Evolve
Empowering paralegals through new models of education that emphasize digital fluency, interdisciplinary collaboration and human-centered lawyering could help solve workforce challenges and the justice gap — if firms, educators and policymakers get on board, say Kristine Custodio Suero and Kelli Radnothy.
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Series
Playing Softball Makes Me A Better Lawyer
My time on the softball field has taught me lessons that also apply to success in legal work — on effective preparation, flexibility, communication and teamwork, says Sarah Abrams at Baleen Specialty.
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IPO Suit Reinforces Strict Section 11 Tracing Requirement
A California federal court's recent dismissal of an investor class action against Allbirds in connection with the company's initial public offering cites the U.S. Supreme Court's 2023 Slack v. Pirani decision, reinforcing the firm tracing requirement for Section 11 plaintiffs — even at the pleading stage, say attorneys at Paul Weiss.
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Series
Law School's Missed Lessons: Mastering Time Management
Law students typically have weeks or months to prepare for any given deadline, but the unpredictability of practicing in the real world means that lawyers must become time-management pros, ready to adapt to scheduling conflicts and unexpected assignments at any given moment, says David Thomas at Honigman.
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Calif. Bill May Shake Up Healthcare Investment Landscape
If signed by the governor, newly passed California legislation would significantly expand the Office of Health Care Affordability's oversight of private equity and hedge fund investments in healthcare companies and management services organizations, and raise several questions about companies' data confidentiality and filing burdens, say attorneys at Ropes & Gray.
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How Hyperlinks Are Changing E-Discovery Responsibilities
A recent e-discovery dispute over hyperlinked data in Hubbard v. Crow shows how courts have increasingly broadened the definition of control to account for cloud-based evidence, and why organizations must rethink preservation practices to avoid spoliation risks, says Bree Murphy at Exterro.