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Private Equity
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June 05, 2025
How Trump's Pardons Could Sway Prosecutorial Discretion
As President Donald Trump dismantles a growing list of white collar criminal cases with a flurry of clemency grants early in his second term, erasing years of investigative and prosecutorial work with a stroke of his black Sharpie, experts worry his actions will have a chilling effect on prosecutorial decision-making.
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June 05, 2025
Neuberger Berman Wraps Strategic Capital Fund At $4B
Private equity shop Neuberger Berman, advised by Simpson Thacher & Bartlett LLP, on Thursday announced that it clinched its second strategic capital fund after securing just over $4 billion in capital commitments.
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June 04, 2025
SEC Seeks Input On Tightening Perks For Foreign Issuers
The U.S. Securities and Exchange Commission agreed Wednesday to seek public input on whether foreign companies should continue to be granted accommodations to list in the U.S., noting that global markets have changed significantly since such rules were adopted.
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June 04, 2025
Dish Wants Court To Act On T-Mobile Case Discovery Dispute
Dish told an Illinois federal judge it is at an impasse with wireless customer plaintiffs seeking documents in their case against T-Mobile over its 2020 acquisition of Sprint, saying it met with the plaintiffs four times regarding their subpoenas, but the sides have been unable to find a compromise.
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June 04, 2025
Davis Polk, Skadden Guide Circle's Upsized $1B IPO
Venture-backed stablecoin issuer Circle Internet Group Inc. on Wednesday priced an upsized $1.05 billion initial public offering above its marketed range amid strong demand, represented by Davis Polk & Wardwell LLP and underwriters counsel Skadden Arps Slate Meagher & Flom LLP.
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June 04, 2025
Datasite Acquires Grata To Bolster AI-Driven Market Platform
Cloud-based merger and acquisitions software provider Datasite, advised by Wilkie Farr & Gallagher LLP, said Tuesday it has acquired Grata, a private market intelligence company represented by Orrick Herrington & Sutcliffe LLP, in a deal aimed at bolstering Datasite's AI-driven sourcing and research capabilities.
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June 04, 2025
Trump Nominates Ex-SBA Official For Top CFIUS Post
A former U.S. Small Business Administration official from Donald Trump's first term has been nominated by the president to lead the U.S. government panel that reviews foreign investments for national security risks.
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June 04, 2025
SEC Says Accountant Errors Don't Doom Crowdfunding Case
The U.S. Securities and Exchange Commission told a Michigan federal judge Wednesday that mistakes in one of its accountant's declarations do not warrant the dismissal of its first crowdfunding enforcement action, arguing the SEC's lawyers acted in good faith when they alerted the court to the errors.
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June 04, 2025
Willkie Farr Hires Financial Services Partner In DC
Willkie Farr & Gallagher LLP has hired a McGuireWoods LLP attorney as a partner in Washington, D.C., to advise corporations on a range of legal issues, the firm announced Tuesday.
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June 04, 2025
Post Reacquiring Brands Including Ronzoni Pasta For $880M
Post Holdings Inc. has agreed to acquire 8th Avenue Food & Provisions Inc. in a transaction valued at approximately $880 million, including the assumption of debt, as the packaged goods company looks to expand in private label and dry grocery categories — and brings several legacy assets back under its control.
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June 04, 2025
Orrick, Latham Lead Carlyle's $1.3B Investment In Trucordia
Insurance brokerage Trucordia, advised by Orrick Herrington & Sutcliffe LLP, on Wednesday announced it will receive a $1.3 billion investment from Latham & Watkins LLP-led Carlyle's global credit platform.
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June 04, 2025
Brookfield Plugs $10B Into Swedish AI Hub
Private equity giant Brookfield Asset Management announced Wednesday it will invest up to 95 billion Swedish krona (around $10 billion) into the construction of a new data center in Sweden that will support artificial intelligence development.
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June 04, 2025
Ex-Paul Weiss Corporate Partner Joins Cooley's NY Practice
Cooley LLP has hired a former Paul Weiss Rifkind Wharton & Garrison LLP finance partner, who told Law360 Pulse in an interview Wednesday that he followed his father and uncle's footsteps when deciding to pursue a career in law.
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June 04, 2025
Warehouse REIT Backs Blackstone's Lower £470M Bid
Warehouse REIT said Wednesday that it has backed a revised £470 million ($638 million) cash offer from U.S. private equity giant Blackstone despite a row over the valuation of the London-listed investor's property portfolio.
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June 03, 2025
SEC Sues New Mexico Adviser Over Improper Excessive Fees
A Santa Fe, New Mexico, investment adviser and its principal face U.S. Securities and Exchange Commission allegations they fleeced customers over a nearly five-year period, overbilling them annually and hitting them with unexpected hourly bills out of the blue.
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June 03, 2025
SEC Chair Says Next Steps On Crypto Regs Coming Soon
U.S. Securities and Exchange Commission Chair Paul Atkins indicated Tuesday that the agency is working toward proposing regulations for the cryptocurrency industry and that a key aspect of the work being done by a recently established crypto task force could be complete within a matter of months.
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June 03, 2025
InnovAge To Pay $27M To Resolve IPO Investors' Suit
InnovAge Holding Corp. and a class of stockholders have agreed to a $27 million settlement to resolve claims that the senior-health care company made misleading statements in an initial public offering that later caused stock prices to tank after a government audit exposed the falsehoods.
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June 03, 2025
Latham-Led Insurer Of Small Businesses Targets $100M IPO
Small-business-focused excess and surplus insurer Ategrity Specialty Holdings LLC on Tuesday unveiled a price range on an estimated $100 million initial public offering, represented by Latham & Watkins LLP and underwriters Skadden Arps Slate Meagher & Flom LLP.
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June 03, 2025
KKR Says DOJ Merger Notice Suit Rewrites HSR Act
KKR pushed a New York federal judge to dismiss a U.S. Department of Justice lawsuit seeking fines that could top $650 million, arguing that in defending claims the private equity giant failed to notify two mergers and deleted key documentation from notifications, enforcers are trying to "expand" merger filing requirements.
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June 03, 2025
Rocket Startup Launches $400M Deal With Wilbur Ross' SPAC
Space and defense-focused startup Innovative Rocket Technologies Inc. plans to go public at a $400 million value by merging with a special purpose acquisition company led by private equity executive and former Trump cabinet official Wilbur Ross.
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June 03, 2025
Space Biz Secures $300M In Series C Funding
In-space mobility company Impulse Space on Tuesday announced that it closed what it said is "one of the largest" venture raises in the history of the space industry after securing $300 million in commitments for its Series C funding round.
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June 03, 2025
Energize Capital Secures $430M For 3rd Venture Fund
Climate solutions investor Energize Capital, advised by Foley Hoag LLP, on Tuesday announced that it has clinched its third fund after securing $430 million of limited partner commitments.
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June 03, 2025
The Law360 400: A Look At The Top 100 Firms
A rebound in client work sent the nation’s largest law firms into growth mode last year, driving a wave of hiring, mergers and strategic moves that reshaped the top tier of the Law360 400. Here's a preview of the 100 firms with the largest U.S. attorney headcounts.
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June 03, 2025
Willkie Hires Asset Management Partner In DC
Willkie Farr & Gallagher LLP has hired an asset management partner in Washington, D.C., who was once the law clerk of the former Commodity Futures Trading Commission chairman who now co-leads the firm's digital works practice.
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June 03, 2025
BakerHostetler Adds Two Real Estate Partners In Seattle
BakerHostetler said it has added a former K&L Gates LLP real estate partner and a real estate practice group leader from a regional firm in its Seattle office.
Expert Analysis
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An Unrestrained, Bright-Eyed View Of Legal AI's Future
Todd Itami at Covington offers a bright-eyed, laughing-all-the-way, skydive look at what the legal industry could look like after an artificial intelligence revolution, which he believes may happen much sooner and more dramatically than we expect.
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Tracking The Evolution In Litigation Finance
Despite continued innovation, litigation finance remains an immature market with borrowers recieving significantly different terms as lenders learn to value cases, which firms need a strong handle on to ensure lending terms do not overwhelm collateral value, says Robert Wilkins at Lightfoot Franklin.
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Series
Volunteer Firefighting Makes Me A Better Lawyer
While practicing corporate law and firefighting may appear incongruous, the latter benefits my legal career by reminding me of the importance of humility, perspective and education, says Nicholas Passaro at Ford.
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Limit On SEC Enforcement Authority May Mean Fewer Actions
Following a recent U.S. Securities and Exchange Commission final rule revoking the Enforcement Division director's long-standing authority to issue formal investigation orders, it's clear the division is headed for a new era of limited autonomy, marked by a significantly slower pace of SEC investigations, say attorneys at Ballard Spahr.
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E-Discovery Quarterly: The Perils Of Digital Data Protocols
Though stipulated protocols governing the treatment of electronically stored information in litigation are meant to streamline discovery, recent disputes demonstrate that certain missteps in the process can lead to significant inefficiencies, say attorneys at Sidley.
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Series
Law School's Missed Lessons: Preparing For Corporate Work
Law school often doesn't cover the business strategy, financial fluency and negotiation skills needed for a successful corporate or transactional law practice, but there are practical ways to gain relevant experience and achieve the mindset shifts critical to a thriving career in this space, says Dakota Forsyth at Olshan Frome.
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A Cold War-Era History Lesson On Due Process
The landmark Harry Bridges case from the mid-20th century Red Scare offers important insights on why lawyers must be free of government reprisal, no matter who their client is, says Peter Afrasiabi at One LLP.
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How Latin American Finance Markets May Shift Under Trump
Changes in the federal government are bringing profound implications for Latin American financial institutions and cross-border financing, including increased competition from U.S. banks, volatility in equity markets and stable green investor demand despite deregulation in the U.S., says David Contreiras Tyler at Womble Bond.
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Series
Improv Makes Me A Better Lawyer
Improv keeps me grounded and connected to what matters most, including in my legal career where it has helped me to maintain a balance between being analytical, precise and professional, and creative, authentic and open-minded, says Justine Gottshall at InfoLawGroup.
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How BigLaw Executive Orders May Affect Smaller Firms
Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.
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Opinion
Lawsuits Shouldn't Be Shadow Assets For Foreign Capital
Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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2 Del. Rulings Reinforce Proof Needed For Records Demands
Two recent Delaware Court of Chancery decisions involving Amazon and Paramount Global illustrate the significance of the credible basis standard on books and records requests, underscoring that stockholders seeking to investigate wrongdoing must come forward with actual evidence of misconduct — not mere allegations, say attorneys at Cleary.
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How To Accelerate Your Post-Attorney Career Transition
Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.
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Key Takeaways From The 2025 Spring Antitrust Meeting
Leadership changes, shifting priorities and evolving enforcement tools dominated the conversation at the recent American Bar Association Spring Antitrust Meeting, as panelists explored competition policy under a second Trump administration, agency discretion under the 2023 merger guidelines and new frontiers in conduct enforcement, say attorneys at Freshfields.
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How Tariffs May Affect Proxy Contests This Season
While global tariffs imposed by the Trump administration will certainly chill at least some activity this proxy season, and make defending contests significantly easier, there will likely be many new activist investments once there is more economic certainty, meaning more proxy fights this fall, say attorneys at Sidley.