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Simpson Thacher 'Never' Explained Ill-Fated Deal, Exec Says

A close-up shot shows the white serif lettering of the words 'Simpson Thacher' mounted on a brushed bronze metal wall with a vertical seam down the middle.

By Cara Salvatore

A founder seeking over $100 million from Simpson Thacher & Bartlett over a transaction he says destroyed his insurance services company testified Thursday the law firm provided him no education on various words he wasn't familiar with in the deal.


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  • Photo illustration shows the logo of a  U.S. ride hailing and food delivery giant displayed on a smartphone screen.
    Freshfields, Wachtell Guide Uber's $14.8B Delivery Hero Deal

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    Uber will buy Germany's Delivery Hero for $14.8 billion, the companies said on Thursday, after the U.S. ride-hai...(read more)

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    A California federal judge said Thursday there's "no time to waste" to begin monitoring a three-year injunction against Google in Epic's antitrust battle over Google's Android app store policies, saying he wants monthly reports now that the parties have agreed to accept the injunction terms he laid out.

  • AG Fines, Not Damages Allowed After RealPage Renter Deals

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    The attorneys general of D.C., Kentucky, Maryland, New Jersey and Washington can seek civil fines and injunctive relief against RealPage Inc. and landlords for fixing rent prices, but claims on behalf of their residents are barred by deals made with private plaintiffs, a Tennessee federal judge ruled Thursday.

  • Calif. Tells 9th Circ. AI Disclosure Law Helps Consumers

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    The state of California has pressed the Ninth Circuit to affirm a district court's decision denying xAI's injunction request against a state law requiring artificial intelligence companies to disclose what's included in training their models, saying the law advanced "an important governmental interest" in providing transparency to the public.

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    Pressure is mounting on law firm leaders to dive into the AI waters or watch competitors swim away, but figuring out responsible, cost-effective methods to use high-priced legal tech remains tricky, experts say.

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