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Mergers & Acquisitions
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November 25, 2025
Judge Gives Conditional OK To American Signature DIP Plan
A Delaware bankruptcy judge said Tuesday that she will approve home furnishing retailer American Signature Furniture's bid for interim approval of post-petition financing, after giving a mixed response to objections from the Office of the U.S. Trustee.
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November 25, 2025
New Complaint Says Ex-Execs Turned Steward Into 'Zombie'
Bankrupt hospital operator Steward Health has filed hundreds of millions in new claims in Texas bankruptcy court against its former CEO and other executives, including allegations that they orchestrated a sale-leaseback deal that rendered the business an insolvent "zombie."
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November 25, 2025
ISS Updates Policy For Climate Change, Diversity Proxy Bids
Proxy advisory firm Institutional Shareholder Services Inc. indicated Tuesday it has updated its policies for backing controversial shareholder proposals on corporate proxy ballots, opting to endorse diversity and climate change-related proposals on a case-by-case basis starting next year.
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November 25, 2025
Healthcare Software Founders Sue In Del. For Sale Details
A couple who sold their healthcare software business to an interest of Elevate RCM Holdings LLC before the buyer allegedly resold it for a reported $1 billion sued for company records in Delaware's Court of Chancery late Monday, seeking documents needed to confirm the deal's fairness.
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November 25, 2025
Sustainability-Focused SPAC Invest Green Raises $150M
Special purpose acquisition company Invest Green Acquisition began trading publicly on Tuesday after raising $150 million in its initial public offering built by Greenberg Traurig LLP, Mourant Ozannes (Cayman) LLP and Pillsbury Winthrop Shaw Pittman LLP.
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November 25, 2025
Bridgepoint Buys Majority Stake In Crypto Audit Firm
Middle-market private equity firm Bridgepoint Group, led by Cleary Gottlieb Steen & Hamilton LLP, on Tuesday revealed plans to take a majority stake in British digital asset assurance and technology solutions provider ht.digital, led by Dentons.
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November 25, 2025
Veralto Nabs In-Situ Water Quality Biz In $435M Deal
Water industry company Veralto on Tuesday announced plans to acquire water quality company In-Situ in a $435 million deal, subject to customary closing adjustments.
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November 25, 2025
Cannabis Co. Says $1.5M Default In Contract Dispute Is Void
A cannabis company is urging a Los Angeles state court to set aside a $1.5 million default judgment against it in a contract dispute, saying the judgment goes far beyond what's allowable under state law.
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November 24, 2025
Phoenix Suns Minority Owners Lob Mismanagement Claims
Minority owners of the NBA's Phoenix Suns on Monday filed counterclaims of mismanagement and misconduct in a Delaware Chancery Court suit brought by majority owner Mat Ishbia, alleging he has "decimated the company's finances" since purchasing the team in 2023 while refusing to disclose the terms of significant transactions.
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November 24, 2025
Digital-Focused SWB To Go Public Via $8.1B SPAC Merger
Financial services firm SWB announced Monday that it plans to go public through an $8.1 billion business combination deal shepherded by teams at Sichenzia Ross Ference Carmel LLP and Ellenoff Grossman & Schole LLP, which will lay the foundation for the firm's plans to issue a stablecoin and launch a novel international bank.
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November 24, 2025
Schwab's Antitrust Deal Gets Final OK Over Objections
The Charles Schwab Corp. and a group of investors Monday received a Texas federal judge's final approval of a settlement of a lawsuit challenging the financial services company's merger with TD Ameritrade on antitrust grounds, following dozens of objections by the Iowa attorney general and others.
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November 24, 2025
FTC Abandons In-House GTCR Merger Case After Court Loss
The Federal Trade Commission formally dropped its administrative case challenging GTCR BC Holdings LLC's acquisition of a medical coatings supplier after an Illinois federal judge refused to put the deal on hold.
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November 24, 2025
Smith Ventures, CommerceOne Buy Fintech Biz In $1.1B Deal
Fintech company Green Dot Corp. on Monday announced that it has agreed to be bought by Smith Ventures and CommerceOne Financial Corp. in deals that total $1.1 billion and were built by three law firms.
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November 24, 2025
Catching Up With Delaware's Chancery Court
The Delaware Chancery Court last week delivered a packed mix of fraud allegations, merger fallout, corporate-governance reforms and jurisdictional fights, while a new academic report ignited debate over attorney fee awards in Delaware's influential corporate forum.
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November 24, 2025
American Signature Furniture Hits Ch. 11 With Sale Plan
Home furnishing retailer American Signature Furniture filed for Chapter 11 protection in Delaware on Saturday with a plan to close 33 of its stores and sell the remainder of its business to affiliates of its current owners.
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November 24, 2025
Justices Won't Hear Dispute Over So-Called Ch. 11 Double Dip
The U.S. Supreme Court on Monday said it will not hear arguments on whether a Texas bankruptcy judge allowed unsecured creditors to double-dip on their recoveries when he handed them control of bankrupt oil driller Sanchez Energy.
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November 21, 2025
Florida Sues ISS, Glass Lewis Over ESG Advice
The state of Florida is suing Institutional Shareholder Services Inc. and Glass Lewis & Co. LLC, alleging that the proxy advisory firms are abusing their dominant place in the market by promoting ideological and environmental causes "at the expense of traditional metrics of financial growth."
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November 21, 2025
Nextdoor Beats Investor Suit Over Post-SPAC Woes For Good
A California federal judge has permanently dismissed a shareholder class action alleging hyperlocal social networking service Nextdoor Holdings Inc. misled investors about its projected profitability when combining with a special purpose acquisition company, finding the investors failed to cure issues from a previous complaint.
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November 21, 2025
Chancery Keeps Fraud Suit Over Southern Trust Sale Alive
A Delaware vice chancellor on Friday allowed the bulk of a fraud and contract suit tied to the sale of Southern Trust Insurance Co. to move forward, ruling that the buyer had adequately alleged a yearslong scheme to falsify financials and loot the Georgia insurer ahead of its $33.2 million acquisition.
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November 21, 2025
SPAC Veterans Back Infinite Eagle's Filing For $300M IPO
Infinite Eagle Acquisition, the 10th blank check company led by Jeff Sagansky and Harry Sloan, has filed plans to raise up to $300 million in its initial public offering.
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November 21, 2025
Veolia Inks $3B US Waste Deal As Enviri Preps GC-Led Spinoff
France's Veolia Environnement SA will buy Clean Earth from Philadelphia-based Enviri Corp. for $3.04 billion in cash, in a deal that will double Veolia's U.S. hazardous waste operations and create an Enviri spinoff headed by Enviri's general counsel, the companies said Friday.
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November 21, 2025
Tech Co. Seller Says Buyer Sabotaged Deal Costing It $250M
A French wireless-tech company has accused a Japanese semiconductor manufacturer of engineering an escape from a cross-border acquisition deal, telling the Delaware Chancery Court that the buyer's deliberate lack of transparency and sudden strategic shift doomed the transaction and left the seller facing $250 million in losses.
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November 21, 2025
Hall Chadwick SPAC Begins Trading After $180M IPO
Special purpose acquisition company Hall Chadwick Acquisition Corp. made its public debut on the Nasdaq on Friday after raising $180 million in its initial public offering built by three law firms, joining a wave of special purpose acquisition companies to go public in recent weeks.
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November 21, 2025
Sidley, Skadden Aid $2.3B Sale Of Medical Imaging Biz
Private equity firm Hg said Friday that it has agreed to sell medical imaging software company Intelerad to GE Healthcare for $2.3 billion deal as it seeks to enhance its cloud-enabled and artificial intelligence capabilities.
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November 20, 2025
X Corp. Ends $90M Fee Suit Against Wachtell
X Corp. has ended its California state lawsuit against Wachtell Lipton Rosen & Katz over $90 million in legal fees tied to the fight over Elon Musk's purchase of Twitter, according to a court filing.
Expert Analysis
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Del. Dispatch: Conflicted Transactions And New Safe Harbors
Two recent Delaware Court of Chancery decisions involving conflicted transactions underscore that the new safe harbors established by the Delaware General Corporation Law amendments passed in March, going forward, provide a far easier route to business judgment review of conflicted transactions than were previously available, say attorneys at Fried Frank.
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FTC Focus: Surprising Ways Meador And Khan Sound Alike
Since becoming a commissioner on the Federal Trade Commission, Mark Meador's public comments, speeches and writings reveal a surprising degree of continuity with former Chair Lina Khan's approach, in an indication that differing philosophies might have comparable practical effects, say attorneys at Proskauer.
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Opinion
The Legal Education Status Quo Is No Longer Tenable
As underscored by the fallout from California’s February bar exam, legal education and licensure are tethered to outdated systems, and the industry must implement several key reforms to remain relevant and responsive to 21st century legal needs, says Matthew Nehmer at The Colleges of Law.
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Utilizing Rep And Warranties Insurance In CRE Transactions
With insurance and commercial real estate legal trends suggesting that representations and warranties insurance is likely to grow substantially in the next several years, CRE buyers and sellers should learn how such insurance can help resolve conflicting positions during transaction negotiations, say attorneys at Troutman.
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E-Discovery Quarterly: Rulings On Relevance Redactions
In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.
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Opinion
Section 1983 Has Promise After End Of Nationwide Injunctions
After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.
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Trump's 2nd Term Puts Merger Remedies Back On The Table
In contrast with the Biden administration, the second Trump administration has signaled a renewed willingness to resolve merger enforcement concerns through remedies from the outset, particularly when the proposed fix is structural, clearly addresses the harm and does not require burdensome oversight, say attorneys at Cooley.
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Opinion
Premerger Settlements Don't Meet Standard For Bribery
Claims that Paramount’s decision to settle a lawsuit with President Donald Trump while it was undergoing a premerger regulatory review amounts to a quid pro quo misconstrue bribery law and ignore how modern legal departments operate, says Ediberto Román at the Florida International University College of Law.
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Series
Playing Soccer Makes Me A Better Lawyer
Soccer has become a key contributor to how I approach my work, and the lessons I’ve learned on the pitch about leadership, adaptability, resilience and communication make me better at what I do every day in my legal career, says Whitney O’Byrne at MoFo.
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Series
Law School's Missed Lessons: Learning From Failure
While law school often focuses on the importance of precision, correctness and perfection, mistakes are inevitable in real-world practice — but failure is not the opposite of progress, and real talent comes from the ability to recover, rethink and reshape, says Brooke Pauley at Tucker Ellis.
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Legal Ops, Compliance Increasingly Vital To Antitrust Strategy
With deal timelines tightening and disclosure requirements intensifying, legal operations and compliance teams are becoming critical drivers of premerger strategy, cross-functional alignment and regulatory credibility, says Alexander Lima at Wesco International.
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Series
Adapting To Private Practice: From ATF Director To BigLaw
As a two-time boomerang partner, returning to BigLaw after stints as a U.S. attorney and the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, people ask me how I know when to move on, but there’s no single answer — just clearly set your priorities, says Steven Dettelbach at BakerHostetler.
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4th Circ. Favors Plain Meaning In Bump-Up D&O Ruling
The Fourth Circuit's latest denial of indemnity coverage in Towers Watson v. National Union Fire Insurance and its previous ruling in this case lay out a pragmatic approach to bump-up provisions that avoids hypertechnical constructions to limit the effect of a policy's plain meaning, say attorneys at Kennedys.
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Opinion
DOJ's HPE-Juniper Settlement Will Help US Compete
The U.S. Department of Justice settlement with Hewlett Packard Enterprise clears the purchase of Juniper Networks in a deal that positions the U.S. as a leader in secure, scalable networking and critical digital infrastructure by requiring the divestiture of a WiFi network business geared toward small firms, says John Shu at Taipei Medical University.
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Series
Playing Baseball Makes Me A Better Lawyer
Playing baseball in college, and now Wiffle ball in a local league, has taught me that teamwork, mental endurance and emotional intelligence are not only important to success in the sport, but also to success as a trial attorney, says Kevan Dorsey at Swift Currie.