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Mergers & Acquisitions
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April 16, 2025
Ex-US Atty Chosen To Monitor T-Mobile Merger Compliance
The U.S. Department of Justice is looking to appoint former U.S. attorney and current Kasowitz Benson Torres partner Edward McNally as the new monitoring trustee to oversee the government's settlement with T-Mobile that cleared the way for its $26 billion acquisition of Sprint.
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April 16, 2025
Baker McKenzie-Led Lyft To Buy Rival Freenow For €175M
Ride hailing service Lyft Inc. said Wednesday that it has agreed to acquire European competitor Freenow from BMW Group and Mercedes-Benz Mobility for approximately €175 million ($199 million) in a deal guided by Baker McKenzie and DLA Piper.
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April 16, 2025
Hengeler Mueller-Led KKR To Buy German IT Biz For €451M
Private equity giant KKR & CO. Inc. has agreed to acquire German IT services company Datagroup SE for approximately €451 million ($512 million) in a deal guided by Heuking and Hengeler Mueller.
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April 16, 2025
Sidley Brings On Gibson Dunn M&A Expert In California
Sidley Austin LLP continues growing its California team, bringing in a Gibson Dunn & Crutcher LLP mergers and acquisitions expert as a partner in its Century City office.
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April 15, 2025
Zuckerberg Calls Buying Rival, Building Co. Two Sides Of 1 Coin
Meta Platforms CEO Mark Zuckerberg tried Tuesday to distance himself from internal documents describing Instagram and WhatsApp as competitive threats, pushing back on Federal Trade Commission monopolization claims by arguing in D.C. federal court that the owner of Facebook was always focused on improvements to itself and the acquisitions.
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April 15, 2025
Seller Of NC Concrete Co. Cements Midtrial Victory
A North Carolina federal judge has cut short a jury trial in which the former owner of a concrete business in the state was accused of manipulating financial records to sell her company, siding with the defense in a directed verdict after the plaintiffs rested.
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April 15, 2025
Cloud Startup Figma Confidentially Files IPO Amid Volatility
Cloud-based design platform Figma Inc. said Tuesday it confidentially filed for an initial public offering, marking a first step toward going public during tense times for equity markets and coming more than one year after a failed merger with Adobe.
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April 15, 2025
FTC Wants More Time To Examine $5.3B H&E Rentals Deal
H&E Rentals has withdrawn and refiled its intent to sell itself to rental equipment company Herc Holdings for a whopping $5.3 billion in order to give the Federal Trade Commission more time to scrutinize the deal for competition concerts.
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April 15, 2025
SPAC Officers Seek Coverage For Post-Merger Lawsuits
Beazley Insurance Co. and certain former directors and officers of a special purpose acquisition company that ultimately became a solar financing company accused the successor company in Delaware Chancery Court of failing to indemnify and advance costs they incurred in two cases stemming from the SPAC merger.
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April 15, 2025
Dems Back Ex-FTC Commissioners In Firing Suit
Most of the sitting Democrats in Congress have thrown their support behind a lawsuit challenging the president's recent firing of two Federal Trade Commission members, telling a D.C. federal court the commission is meant to be an independent bipartisan agency.
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April 15, 2025
39 AGs Urge Congress To Ban PBM Pharmacy Ownership
A bipartisan coalition of attorneys general have urged congressional leadership to pass legislation banning pharmacy benefit managers, their parent companies and affiliates from owning and operating pharmacies in order to boost competition and fairness.
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April 15, 2025
Davis Polk Guides StoneX On $900M RJ O'Brien Buy
Davis Polk & Wardwell LLP is guiding New York-based StoneX Group on its agreement to acquire Mayer Brown LLP-advised futures brokerage R.J. O'Brien, or RJO, at an equity value of approximately $900 million.
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April 15, 2025
Ares Nabs Stake In Legal Asset-Focused PE Fund For $203M
Litigation funder Omni Bridgeway, advised by DLA Piper, on Tuesday announced that major private equity firm Ares Management Corp., led by Clifford Chance LLP, has acquired a majority stake in its ninth continuation fund for approximately AU$320 million ($203 million) in cash.
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April 15, 2025
Simpson Thacher Advises On $2.2B Cross-Border Power Deal
Simpson Thacher is advising Canada's Capital Power Corp. on its planned $2.2 billion acquisition of two U.S. natural gas power plants, marking the energy firm's strategic entry into North America's so-called PJM market.
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April 15, 2025
Kirkland-Led Canadian Biz Buys Auto Parts Maker For £1B
TI Fluid Systems said Tuesday that its more than £1 billion ($1.3 billion) takeover by a Canadian rival, ABC Technologies Inc., has been completed, triggering the exit of the auto parts maker and supplier from the London Stock Exchange.
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April 15, 2025
Haleon Paying $221M For Full Control Of Chinese Pharma JV
British consumer healthcare company Haleon PLC said Tuesday it has agreed to purchase the remaining 12% stake in its Chinese joint venture, Tianjin TSKF Pharmaceutical Co., for 1.623 billion yuan ($221 million) after increasing its stake to 88% last year.
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April 15, 2025
King & Spalding Leads Atlas In £263M Bid For De La Rue
U.S. investment company Atlas Holdings LLC said on Tuesday that it has agreed to acquire currency printer De La Rue for approximately £263 million ($348 million) in a deal guided by King & Spalding, Bird & Bird and Ashurst.
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April 15, 2025
DLA Piper Helps KKR Buy £100M Properties From L&G
U.S. private equity heavyweight KKR said on Tuesday that it has purchased a portfolio of three properties from British financial services group Legal & General for more than £100 million ($132 million).
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April 15, 2025
Irish Watchdog OKs Telecoms Firm's €22M BT Unit Buy
Cordiant Digital Infrastructure Ltd. said on Tuesday its telecommunications provider Speed Fibre Group has won regulatory approval to acquire BT's Irish wholesale and enterprise subsidiary for €22 million ($25 million).
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April 14, 2025
Covington, Latham Guide In Lowe's $1.3B Artisan Design Buy
Lowe's, advised by Covington & Burling LLP, has entered a definitive agreement to buy Dallas-based interior finishing company Artisan Design Group for more than $1.3 billion, expanding the reach of the American home improvement retail giant's professional services, dubbed Lowe's Pro, Lowe's announced Monday.
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April 14, 2025
Linking Friends No Longer Meta's Focus, Zuckerberg Says
Meta Platforms CEO Mark Zuckerberg testified Monday that the social media giant is no longer solely focused on connecting friends and family, arguing on the first day of the Federal Trade Commission's monopolization trial that the company has broader focus and faces more competition than the FTC claims.
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April 14, 2025
Akerman Calls Back Labor And Employment Atty As Partner
Management-side firm Akerman LLP added a partner to its labor and employment practice group in Chicago who is returning to the firm after seven years and called going back "a homecoming."
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April 14, 2025
Conn. PE Firm Wants $12M Joy Dish Soap Suit Washed Away
A private equity firm that bought the Joy dish soap brand has asked a Connecticut trial court judge to nix a manufacturer's claim that the firm should be held liable for a holding company's alleged failure to pay after asking the manufacturer to ramp up production.
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April 14, 2025
FTC Joins DOJ In Targeting Anticompetitive Regulations
The Federal Trade Commission launched a public inquiry Monday to look into reducing regulations that are hindering competition, following a similar move by the U.S. Department of Justice last month.
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April 14, 2025
Women's Healthtech Co. Chiaro Files Ch. 15 In Delaware
British women's healthtech company Chiaro Technology Ltd. has filed for Chapter 15 recognition in Delaware bankruptcy court, seeking acknowledgment of an insolvency proceeding in the United Kingdom through which it aims to manage its American assets while pursuing a sale to a competitor.
Expert Analysis
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Dissecting New Circuit Split Over SEC's Proxy Adviser Rule
The Sixth Circuit recently upheld the U.S. Securities and Exchange Commission's partial rescission of enhanced conflict-of-interest disclosure requirements for proxy voting advice businesses, creating a circuit split over broader questions concerning the standard for assessing the legality of agency actions in general, say attorneys at Cahill Gordon.
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E-Discovery Quarterly: Recent Rulings On Metadata
Several recent rulings reflect the competing considerations that arise when parties dispute the form of production for electronically stored information, underscoring that counsel must carefully consider how to produce and request reasonably usable data, say attorneys at Sidley.
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Striking A Balance Between AI Use And Attorney Well-Being
As the legal industry increasingly adopts generative artificial intelligence tools to boost efficiency, leaders must note the hidden costs of increased productivity, and work to protect attorneys’ well-being while unlocking AI’s full potential, says Ed Sohn at Factor.
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Empathy In Mediation Offers A Soft Landing For Disputes
Experiencing a crash-landing on a recent flight underscored to me how much difference empathy makes in times of crisis or stress, including during mediation, says Eydith Kaufman at Alternative Resolution Centers.
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Series
Being An Artist Makes Me A Better Lawyer
My work as an artist has highlighted how using creativity and precision together — qualities that are equally essential in both art and law — not only improves outcomes, but also leads to more innovative and thoughtful work, says Sarah La Pearl at Segal McCambridge.
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How Judiciary Can Minimize AI Risks In Secondary Sources
Because courts’ standing orders on generative artificial intelligence and other safeguards do not address the risk of hallucinations in secondary source materials, the judiciary should consider enlisting legal publishers and database hosts to protect against AI-generated inaccuracies, say attorneys at Lankler Siffert & Wohl.
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How Attorneys Can Break Free From Career Enmeshment
Ambitious attorneys can sometimes experience career enmeshment — when your sense of self-worth becomes unhealthily tangled up in your legal vocation — but taking the time to discover and realign with your core personal values can help you recover your identity, says Janna Koretz at Azimuth Psychological.
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Lawyers With Disabilities Are Seeking Equity, Not Pity
Attorneys living with disabilities face extra challenges — including the need for special accommodations, the fear of stigmatization and the risk of being tokenized — but if given equitable opportunities, they can still rise to the top of their field, says Kate Reder Sheikh, a former attorney and legal recruiter at Major Lindsey & Africa.
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Fostering Healthcare Industry Success With Joint Ventures
As the healthcare industry continues to evolve, joint ventures remain a key strategy to unite health systems, private equity firms and physician practices in leveraging their collective strengths to foster innovation and improve patient care, say Carole Becker and Travis Jackson at McDermott.
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Opinion
Judicial Committee Best Venue For Litigation Funding Rules
The Advisory Committee on Civil Rules' recent decision to consider developing a rule for litigation funding disclosure is a welcome development, ensuring that the result will be the product of a thorough, inclusive and deliberative process that appropriately balances all interests, says Stewart Ackerly at Statera Capital.
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The Strategic Advantages Of Appointing A Law Firm CEO
The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely about providing supplemental support for legal practice — and helps explain why some law firms are appointing dedicated, full-time CEOs to navigate the challenges of the modern legal landscape, says Jennifer Johnson at Calibrate Strategies.
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Inside FTC's Decision To Exit Key Merger Review Labor Memo
Despite the Federal Trade Commission's recent withdrawal from a multiagency memorandum of understanding to step up enforcement of labor issues in merger investigations, the antitrust agencies aren't likely to give up their labor market focus, say attorneys at Stinson.
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Comments Show Need For Clarity On SBA Proposed Rule
The recent public comments period for the Small Business Administration's proposed rule on recertification and other regulations underscores the need for more precision, particularly on agreements in principle, which the SBA should address as it moves forward with this rulemaking, say attorneys at Covington.
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Series
Beekeeping Makes Me A Better Lawyer
The practice of patent law and beekeeping are not typically associated, but taking care of honeybees has enriched my legal practice by highlighting the importance of hands-on experience, continuous learning, mentorship and more, says David Longo at Oblon McClelland.
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Election Unlikely To Overhaul Antitrust Enforcers' Labor Focus
Although the outcome of the presidential election may alter the course of antitrust enforcement in certain areas of the economy, scrutiny of labor markets by the Federal Trade Commission and the U.S. Department of Justice is likely to remain largely unaffected — with one notable exception, say Jared Nagley and Joy Siu at Sheppard Mullin.