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Private Equity
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April 15, 2026
V&E, Kirkland Advise On $650M Natural Gas Storage Sale
Spire Inc. said Wednesday it has agreed to sell its natural gas storage assets in Wyoming and Oklahoma to global infrastructure investor I Squared Capital for $650 million.
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April 15, 2026
White & Case Hires Reed Smith M&A Partner In DC
White & Case LLP has hired a former Reed Smith LLP partner, who is joining the team in Washington, D.C., to continue her practice focused on mergers and acquisitions matters.
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April 15, 2026
Leo Says Missteps Sank $50M SpaceX Investment In Appeal
The Delaware Supreme Court on Wednesday grappled with whether a fund manager's handling of a failed $50 million SpaceX investment crossed the line into fiduciary misconduct, as attorneys for both sides clashed over causation, fairness and a controversial $16 million fee award stemming from the dispute.
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April 15, 2026
Goodwin-Led Topspin Wraps $328M Consumer-Focused Fund
Goodwin Procter LLP-advised private equity shop Topspin Consumer Partners on Wednesday revealed that it closed its third fund after securing $328 million in capital commitments.
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April 15, 2026
Sidley Adds Another NY Capital Markets Pro From Cravath
Sidley Austin LLP announced Wednesday that it has hired another New York-based capital markets attorney from Cravath Swaine & Moore LLP, touting her history advising venture capital-backed companies, founders, investors and financial institutions on a range of corporate matters.
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April 15, 2026
Smaller Deals Drove US Private Equity In Q1 As Exits Slumped
U.S. private equity dealmakers closed more transactions in the first quarter of 2026 than a year earlier but deployed less capital as exits plunged, signaling a shift to smaller deals amid heightened macroeconomic and geopolitical uncertainty.
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April 14, 2026
Armistice Capital Used COVID To Juice Vaxart Stock, Jury Told
Hedge fund Armistice Capital and two of its executives exploited the COVID-19 pandemic to issue press releases that falsely inflated their controlling share in pharmaceutical company Vaxart, then dumped the shares for $250 million before the bottom fell out, investors told a California federal jury at the start of trial Tuesday.
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April 14, 2026
Trump's Fed Chair Pick Will Get Senate Hearing Next Week
The Senate Banking Committee will meet next week to vet Kevin Warsh as President Donald Trump's nominee as the next leader of the Federal Reserve, moving forward with his confirmation process despite bipartisan protests over a still-pending probe of current Fed Chair Jerome Powell.
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April 14, 2026
Foundation Building Investors Ink $26M Deal Over PE Buyout
The CEO, controlling investor and board members of specialty building product maker Foundation Building Materials Inc. and others have reached a $26 million settlement with stockholders who challenged the company's $1.4 billion sale to a private equity buyer on claims that the defendants breached their fiduciary duties.
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April 14, 2026
Red State AGs Fight Bid To Trim Suit Against BlackRock
Republican attorneys general are opposing a bid by BlackRock and State Street to trim a suit accusing the asset managers of driving up coal prices, arguing that the firms' assertion that the suit cannot get past the U.S. Supreme Court's decision on federal antitrust damages claims is incorrect.
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April 14, 2026
Aluminum Parts Maker Strikes $2M Deal To End ESOP Lawsuit
An aluminum components manufacturer will pay $2 million to resolve a proposed class action alleging it mismanaged its employee stock ownership plan by investing non-company assets too conservatively, according to a Tuesday filing in California federal court.
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April 14, 2026
3 Firms Guide TPG's Bet On College Sports Rights Giant
Alternative asset manager TPG said Tuesday it has agreed to acquire Learfield, a leading college sports media and technology company, in a deal steered by three law firms.
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April 14, 2026
Davis Polk-Led Lightyear Capital Raises $2.5B For 6th Fund
Davis Polk & Wardwell LLP-advised middle market private equity shop Lightyear Capital on Tuesday announced that it closed its sixth fund at its hard cap after securing $2.5 billion of investor commitments.
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April 14, 2026
Eli Lilly To Purchase Cooley-Led CrossBridge In $300M Deal
Venture-backed pre-clinical biotechnology firm CrossBridge Bio Inc., advised by Cooley LLP, on Tuesday announced that it has agreed to be bought by pharmaceutical giant Eli Lilly & Co. in a deal worth up to $300 million.
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April 14, 2026
OpenAI Says Musk Remedy Shift Leaves 'No Case Left To Try'
OpenAI is pushing back after Elon Musk said he would seek to have Sam Altman removed as the artificial intelligence company's CEO in a case challenging its conversion to a for-profit entity, telling a California federal court that the last-minute change adds a host of issues just weeks before trial.
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April 14, 2026
Avanos Medical Going Private In $1.3B Deal Led By 3 Firms
American Industrial Partners has agreed to acquire Avanos Medical Inc. in an all-cash transaction valued at nearly $1.3 billion, a take-private deal steered by three law firms, Avanos announced Tuesday.
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April 13, 2026
Citron's 'Shadowy Gang' Sued Over Short Selling Campaign
Shareholders of PolarityTE have alleged in a new suit that "members of a shadowy gang of short sellers" conspired to short the biotechnology company's stock through targeted negative media attacks with Citron Research to enrich themselves at the expense of the shareholders, and that they ultimately caused the company's bankruptcy.
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April 13, 2026
Obesity Drugmaker Leads 2 Biotech Startups Eyeing IPOs
Two biotechnology startup companies on Monday filed plans for their public debuts, with obesity-focused Kailera Therapeutics planning to raise an estimated $500 million in its initial public offering and protein biomarker detection platform Alamar Biosciences planning to raise around $150 million.
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April 13, 2026
Catching Up With Delaware's Chancery Court
The Delaware Chancery Court's docket this past week featured a mix of high-stakes settlements, fast-moving deal litigation, governance disputes and a notable post-trial ruling involving fraud-tainted loans.
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April 13, 2026
Stikeman-Led GFL Inks $4.6B Waste Management Deal
GFL Environmental Inc. has agreed to buy Secure Waste Infrastructure Corp. in a CA$6.4 billion ($4.6 billion) deal that would combine one of North America's largest waste haulers with a Western Canadian disposal and industrial waste infrastructure operator.
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April 13, 2026
26North Wraps $5.9B Debut PE Fund Above Target
New York-based private equity shop 26North Partners LP announced Monday that it has closed its inaugural private equity fund above target with $5.9 billion in tow.
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April 13, 2026
DOJ Seeks OK On Blackstone's LivCor Rent Price-Fixing Deal
The Justice Department has asked a North Carolina federal court to grant final approval to its settlement with LivCor LLC, a subsidiary of Blackstone, which would resolve allegations that the landlord used RealPage's revenue management software to fix rent prices.
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April 13, 2026
Cooley Adds Ex-Silver Lake Leader To Private Equity Team
Cooley LLP has strengthened its private equity offering by adding Silver Lake's former legal director of fund formation as a New York-based partner, the firm announced Monday.
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April 13, 2026
Adams Street Wraps Private Credit Fund With $7.5B In Tow
Private markets investment firm Adams Street Partners LLC on Monday revealed that it has closed its third private credit fund with $7.5 billion of investor commitments.
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April 13, 2026
Weil Adds Kirkland, DLA Piper Attys To Private Funds Platform
Weil Gotshal & Manges LLP announced two additions to its private funds platform on Monday, one from Kirkland & Ellis and the other from DLA Piper.
Expert Analysis
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Opinion
State Bars Need To Get Specific About AI Confidentiality
Lawyers need to put actual client information into artificial intelligence tools to get their full value, but they cannot confidently do so until state bars offer clear, formal authority on which plan tiers of the three most popular generative AI tools are safe to use when sharing specific client details, says attorney Nick Berk.
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Recent Bank Resolution Filings Stress Readiness Over Docs
Against the backdrop of banking regulators' recent emphasis on institutional readiness in the event of a bank failure, a review of more than a dozen public resolution plan submissions points to an immediate future in which regulators and banks alike prioritize operational preparedness over extensive documentation, say attorneys at Moore & Van Allen.
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Series
Alpine Skiing Makes Me A Better Lawyer
Skiing has shaped habits I rely on daily as an attorney — focus, resilience and the ability to remain steady when circumstances shift rapidly — and influences the way I approach legal strategy, client counseling and teamwork, says Isaku Begert at Marshall Gerstein.
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Senior Housing Demands A Distinct Dealmaking Playbook
An aging population and evolving state regulations underscore a critical reality that senior housing assets can undergo operational or compliance shifts during dealmaking, highlighting the need for unique contractual safeguards like expanded disclosures, anchored notice obligations, and targeted closing conditions and remedies, say attorneys at Goodwin.
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Seeking A Policy Fix As Merger Reporting Fight Continues
A recently announced request by the Federal Trade Commission and U.S. Department of Justice for public comment on the Hart-Scott-Rodino premerger reporting requirements, as litigation challenging the commission's updated requirements continues, suggests the government's willingness to address how best to support modern merger enforcement without unduly burdening filing parties, say attorneys at Baker Botts.
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What A Court Doc Audit Reveals About Erroneous Filings
My audit of 1,522 court documents from last month found that over 95% contained at least one verifiable error, with fewer than 1% showing clear indicators of artificial intelligence use — highlighting above all else that lawyers may want to focus most on strengthening their review processes, says Elliott Ash at ETH Zurich.
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Series
Ultramarathons Make Me A Better Lawyer
Completing a 100-mile ultramarathon was tougher, more humbling and more rewarding than I ever imagined, and the experience highlighted how long-distance running has sharpened my ability to adapt to the evolving nature of antitrust law and strengthened my resolve to handle demanding, unforeseen challenges, says Dan Oakes at Axinn.
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Madison Capital Action Displays SEC's Emphasis On Process
The U.S. Securities and Exchange Commission's recent enforcement action against Madison Capital reflects the SEC's view that when market conditions materially change, valuation methodologies must be reassessed in real time, highlighting the importance of internal processes, say attorneys at Lankler Siffert & Wohl.
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In First For DOJ, Action Signals New CFIUS Enforcement Era
The U.S. Department of Justice is seeking judicial enforcement of a divestment order, an unprecedented action for the agency that ushers in a new phase for the Committee on Foreign Investment in the United States, one in which judicial proceedings complement administrative oversight and presidential divestment orders may be enforced through litigation, says attorney Sohan Dasgupta.
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Getting The Most Out Of Learning And Development Programs
Excerpt from Practical Guidance
Junior associates can better develop the legal, business and interpersonal skills they need for long-term success by approaching their firms’ learning and development programs armed with five tips for getting the most out of these resources, says Lauren Hakala at Reed Smith.
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AI And Threats To Privilege In Financial Sector Probes
The recent spotlight on the potential for artificial intelligence platforms to serve as a source for discoverable information is especially important for financial institutions to understand, as the industry navigates increasingly complex regulatory expectations and AI tools become embedded in investigative efforts, say attorneys at Jackson Lewis.
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Del. Blackbaud Ruling Signals A New Era For Cyberinsurance
The recent Delaware Supreme Court ruling in Travelers v. Blackbaud shows that cyberinsurance is moving into a second maturity phase, in which insurers will increasingly attempt to recover their payments from vendors and insureds will face new pressure to justify cyber incident reimbursements, say Steven Teppler at Mandelbaum Barrett and Jade Davis at Shumaker.
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'A-C-T' Agenda Signals New Regulatory Era At SEC Speaks
At this year's SEC Speaks, U.S. Securities and Exchange Commission Chairman Paul Atkins unveiled his ambitious A-C-T agenda — advance, clarify and transform — to align the federal securities regulatory regime with modern markets, illustrating that the conference was not merely a status update but an action plan, say attorneys at Perkins Coie.
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Opinion
AI Presents A Make-Or-Break Moment For Outside Counsel
The rapid adoption of artificial intelligence by corporate legal departments is forcing a long-overdue reset of the relationship between inside and outside counsel, and introducing a significant opportunity to shed frustrating inefficiencies and strengthen collaboration for firms willing to embrace the shift, says Intel Chief Legal Officer April Miller Boise.
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Series
Watching Hallmark Movies Makes Me A Better Lawyer
I realize you may be judging me for watching, and actually enjoying, Hallmark Channel movies, but the escapism and storylines actually demonstrate qualities and actions that lead to an efficient, productive and positive legal practice, says Karen Ross at Tucker Ellis.