US Steel, Nippon Drop Suit Against Cleveland-Cliffs, USW

By Matthew Santoni

U.S. Steel and its new parent company, Nippon Steel, have ended their lawsuit accusing rival steelmaker Cleveland-Cliffs Inc. and the United Steelworkers union of attempting to sabotage their merger earlier this year.

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Latham, Jones Day Advise On $3.15B Cadence-Hexagon Deal

By Al Barbarino

Latham-led Cadence Design Systems Inc. said on Thursday it has agreed to acquire the design and engineering business of Jones Day-advised Hexagon AB in a deal valued at approximately €2.7 billion ($3.15 billion).

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Shareholders Back Apax Partners' €916M Apax Global Deal

By Najiyya Budaly

Investment company Apax Global Alpha Ltd. said Thursday that its shareholders have thrown their weight behind a €916.5 million ($1.1 billion) takeover deal put forward by Apax Partners LLP, a private equity firm that it works with.

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MFE Takes Majority Stake In ProSiebenSat.1 For About $1.8B

By Al Barbarino

MFE-MediaForEurope said Thursday it has become the majority shareholder of ProSiebenSat.1 Media after securing a 75.61% stake in the German broadcaster, a holding worth about $1.8 billion based on the company's earlier $2.4 billion valuation.

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Justices Asked To Block FTC Commissioner Reinstatement

By Matthew Perlman

The Trump administration asked the U.S. Supreme Court on Thursday to block the reinstatement of Democratic Federal Trade Commissioner Rebecca Slaughter while it appeals a ruling that found her firing was illegal, and also asked the high court to take up the case.

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Albertsons Says Kroger CEO Docs Fair Game In Del. Suit

By Jeff Montgomery

An attorney for Albertsons Companies Inc. told a Delaware vice chancellor Thursday the food and drugstore giant should get access to The Kroger Co.'s documents related to CEO Rodney McMullen's abrupt exit from the job months after the collapse of the two companies' planned $25 billion merger.

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Monthly Merger Review Snapshot

By Bryan Koenig

The Justice Department settled a challenge to UnitedHealth's $3.3 billion home hospice acquisition while Democrats called for a judge to reject a different government settlement and the Federal Trade Commission moved against medical technologies transactions for heart valves and device coatings.

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SEC, CFPB Rulemaking Agendas Show Deregulatory Push

By Aislinn Keely

Federal regulators overseeing the financial services sector on Thursday unveiled new rulemaking agendas that they say will return their agencies to their core missions with policies to define authority and limit compliance burdens.

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Anglo American Spins Off Remaining Valterra Stake For $2.5B

By Najiyya Budaly

Mining giant Anglo American PLC said Thursday that it has offloaded its remaining 19.9% stake in Valterra Platinum Ltd. for $2.5 billion to South African investors, completing the sale of its platinum business.

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5 Firms Guide Rithm Capital's Crestline Buy

By Grace Dixon

Five firms steered real estate-focused investment firm Rithm Capital Corp.'s purchase of Crestline Management, adding and expanding the firm's private credit, insurance and reinsurance capabilities with the acquisition.

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Returning SPAC Teams Kick Off Fresh IPOs Totaling $400M

By Al Barbarino

One SPAC targeting growth-focused U.S. businesses began trading on Thursday while another focused on the natural resources and decarbonization sectors was set to begin trading Friday, with the two having raised a combined $400 million in initial public offerings.

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Deals Rumor Mill

Cube Highways Trust Mulls $600M IPO, Plus More Rumors

By Jade Martinez-Pogue

Indian infrastructure investment trust Cube Highways Trust is considering a $600 million initial public offering, premium diaper brand Coterie is in talks to be acquired by consumer goods business Mammoth Brands, and European antitrust regulators have reportedly paused their investigation into ADNOC's $17.1 billion acquisition of German chemicals producer Covestro.

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British SPAC Ends Talks To Buy Australian Mining Co.

By Dawood Fakhir

British blank-check company Pineapple Power said Thursday that it has called off its proposed acquisition of Australian mining company Buffalo Battery Metals, "despite significant effort by both parties" to reach a deal, with plans to resume trading after more than eight months.

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Music Lyrics Co.'s $1B Antitrust Suit Mostly Survives

By Bryan Koenig

A California federal judge largely refused to dismiss LyricFind Inc.'s $1 billion suit accusing a streaming music lyrics rival of using an exclusive deal with Warner Music to edge it out of the market, crediting claims about the importance of Warner while nixing some business interference allegations.

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Door Maker Asks 4th Circ. To Kill Landmark Divestiture Order

By Nadia Dreid

Door maker Jeld-Wen is accusing a rival who convinced a court to order a landmark divestiture as part of its antitrust case of moving the goalposts now that it's out of hot water, telling a Fourth Circuit that the forced sale is no longer necessary.

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Yale Hospital's Info Request Upheld In $435M Property Suit

By Aaron Keller

Three third-party hospital real estate holding companies and their corporate parent cannot challenge a decision requiring them to give records to Yale New Haven Health Services Corp. for its $435 million asset sale dispute with bankrupt Prospect Medical Holdings Inc., a Connecticut appeals court has ruled.

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NJ Judge Greenlights Ch. 11 Plan For Real Estate Firm

By Carla Baranauckas

A New Jersey federal judge said Thursday he will approve a Chapter 11 plan for a troubled real estate investment firm that includes selling an affordable housing complex in Pittsburgh and creating a litigation trust to recover hundreds of millions allegedly stolen by the company's now-imprisoned founder.

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Series

Teaching Trial Advocacy Makes Us Better Lawyers

Teaching trial advocacy skills to other lawyers makes us better litigators because it makes us question our default methods, connect to young attorneys with new perspectives and focus on the needs of the real people at the heart of every trial, say Reuben Guttman, Veronica Finkelstein and Joleen Youngers.

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Legal Sector Jobs Creep Back Down After 5 Months Of Gains

By Tracey Read

U.S. legal industry jobs inched down by 200 positions last month, reflecting a loss for the first time in six months, according to preliminary data released Friday by the U.S. Bureau of Labor Statistics.

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Judges Warn ICE Is Turning Courts Into Deportation Traps

By Marco Poggio

As Immigration and Customs Enforcement officers violently arrest unauthorized immigrants in court buildings' hallways, former and current judges warn that the Trump administration is using courts as a dragnet, arresting people indiscriminately and expelling them with little to no due process in a bid to fulfill President Donald Trump’s goal of mass deportations.

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Ex-Bankruptcy Clients Defend Deal Over Jackson Walker Affair

By Adrian Cruz

Former Jackson Walker LLP bankruptcy clients said Friday that a proposed settlement meant to resolve a dispute regarding the concealed romance between a judge and attorney should go through as planned because the U.S. Trustee lacks jurisdiction to challenge the deals.

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Not That Zuckerberg: Atty Sues Meta Over FB Page Takedown

By Rachel Rippetoe

Indianapolis bankruptcy attorney Mark S. Zuckerberg is suing Meta Platforms Inc. after his firm's commercial Facebook account was repeatedly suspended because of his shared name with the tech company's CEO and founder.

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Analysis

How A 'Risky' Move Fueled Kobre & Kim's Win Over Phillips 66

By Cara Salvatore

In the trial over Propel Fuels' claims that Phillips 66 stole trade secrets during due diligence for an acquisition, Kobre & Kim switched up standard witness order and convinced a jury to award $605 million.

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OnlyFans Users May Face Sanctions Over AI 'Misuse'

By Craig Clough

OnlyFans users who have alleged the site employs professional "chatters" to impersonate content creators are facing possible sanctions in their case, as a California federal judge ordered their attorneys to appear in court for filing briefs with nonexistent citations and quotations generated by an AI chatbot.

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How Attys Freed Woman Snatched By ICE In Less Than 48 Hours

By Marco Poggio

The breakneck speed with which a Colombian asylum seeker was detained, transferred and nearly deported underscores the time crunch facing attorneys who fight removals, say the Keker Van Nest & Peters LLP lawyers whose pro bono work freed the woman from custody.

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Motley Rice Fights OptumRx DQ Bid In Utah Opioid Suit

By Jack Karp

Pharmacy benefit manager OptumRx cannot disqualify Motley Rice LLC from representing Utah in a lawsuit over the opioid crisis, since any information the firm obtained during its involvement in earlier government investigations is available to all other parties in the multidistrict litigation and so isn't confidential, the state has told a federal court.

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Judge Awards Over $6M In Atty Fees In Bluetooth Co.'s IP Suit

By Zach Dupont

A Colorado federal judge has awarded the attorneys representing a Bluetooth technology company more than $6 million after the company won on the bulk of its claims at trial last year in its trade secrets and breach of confidentiality case against a Massachusetts display technology company.

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Fla. Bar Moves To Suspend Atty Accused Of Widespread Scam

By Phillip Bantz

The Florida Bar filed a petition Friday seeking the emergency suspension of a lawyer accused of scamming dozens of clients, failing to pay associates and paralegals who worked at his firm and repeatedly violating court orders.

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Analysis

SEC, CFTC Set Sights On Crypto In Regulatory Collab

By Jessica Corso

The U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission said Friday they are moving forward with a broad regulatory harmonization effort that they hope will encourage innovation in growing markets, and lawyers tell Law360 they expect the focus to be writing rules governing the crypto sector.

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Judicial Nominee Expands On Testimony About Ky. Pardons

By Courtney Bublé

A judicial nominee for the Eastern District of Kentucky continues to distance himself from the controversial pardons issued by former Kentucky Gov. Matt Bevin, for whom he was counsel.

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SEC Lost Year's Worth Of Gary Gensler Texts, Watchdog Says

By Hailey Konnath

The U.S. Securities and Exchange Commission made "avoidable errors" that caused the agency to lose all text messages sent and received by former chair Gary Gensler for nearly a year of his tenure, some of which haven't been recovered, according to a report from the SEC's Office of Inspector General.

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Analysis

Trump Plan For Nat'l Guard In Chicago Sparks Legal Concerns

By Celeste Bott

President Donald Trump's plan to send the National Guard to Chicago over the objections of Illinois' governor could face similar legal hurdles as his use of the military in Los Angeles to quell protests over immigration raids, with some experts and local officials suggesting he may try to use an impending immigration crackdown in the city to justify a similar deployment.

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FTC Drops Appeal For Rule Banning Noncompetes

By Matthew Perlman

The Federal Trade Commission officially abandoned its appeal Friday in a case that set aside a Biden administration rule banning the use of most employee noncompete clauses, but the agency said it plans to bring enforcement actions on a case-by-case basis instead.

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DC Circ. Won't Halt Order Releasing Billions In Foreign Aid

By Rae Ann Varona

Both a divided D.C. Circuit panel and a district court judge Friday refused to hit pause on the judge's recent order requiring the Trump administration to release billions of dollars in frozen foreign aid.

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Trump Nominates 3 To Be DC Superior Court Judges

By Courtney Bublé

President Donald Trump has nominated three people to serve on the District of Columbia's local courts, bringing the district one step closer to easing its vacancy crisis.

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Democrat Slaughter Asks Justices To Let Her Stay On FTC

By Bryan Koenig

Democratic Federal Trade Commissioner Rebecca Slaughter urged the U.S. Supreme Court on Friday not to pause her reinstatement while the Trump administration challenges lower court decisions holding that her firing was illegal, saying those decisions were plainly correct and she's in no danger of sowing "chaos."

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UK Litigation Roundup: Here's What You Missed In London

By Max Austin

This past week in London has seen professional boxing promoter Boxxer take action against the former head of boxing at Matchroom Sport, Aegis Motor Insurance and Chubb European Group clash over a reinsurance claim, and a transgender pool player sue the English Blackball Pool Federation over its decision to ban her competing in women's teams and tournaments. 

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

In arguing that the proposed class action against the business should be denied, online platform OnlyFans' parent company said that the decision to use AI to create mistake-riddled documents is severe misconduct. Meanwhile, the U.S. Department of Labor's employee benefits arm unveiled a new fee disclosure rule involving pharmacy benefit managers and plans to revisit retirement plan fiduciary investment advice regulations. These are some of the stories in corporate legal news you may have missed in the past week.

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Law360's Legal Lions Of The Week

By Kevin Penton

Milbank LLP, Wilson Sonsini Goodrich & Rosati PC and the Liberty Justice Center lead this week's edition of Law360 Legal Lions, after the Federal Circuit held that President Donald Trump's emergency tariffs were improperly imposed under the International Emergency Economic Powers Act.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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