Bumble Going Private In $1.3B Sale To Ithaca Holdings

By Al Barbarino

Dating app Bumble said Tuesday that it has agreed to be acquired by recently launched technology investment firm Ithaca Holdings in an all-cash deal valuing the company at $1.3 billion, with four law firms advising.

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Jones Day, Morgan Lewis Guide $2.1B Steris-Xodus Deal

By Al Barbarino

Steris PLC has agreed to acquire specialty surgical products business Xodus Medical Inc. and some affiliates for $2.1 billion, with Jones Day advising Steris and Morgan Lewis & Bockius LLP representing Xodus.

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Character.AI Files Ch. 11 With $20M Sale Bid From Disney

By Rick Archer

Artificial intelligence entertainment platform Character Technologies has filed for Chapter 11 protection in Delaware with more than $50 million in debt, saying it was sunk by high operating and legal costs and plans an asset auction with a baseline $20 million bid from Disney.

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Brief

X, Musk Reach Fresh Deal In Twitter Severance Class Action

By Dorothy Atkins

Elon Musk, X Corp. and its affiliate holding companies have reached a new deal to resolve a proposed class action by former Twitter Inc. workers over severance benefits related to Musk's take-private acquisition of the social media giant.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court last week saw stockholders challenge Nvidia Corp.'s roughly $20 billion deal with artificial intelligence chipmaker Groq Inc., Hertz Global Holdings Inc.'s electric vehicle strategy and more than $1.5 billion in Humana Inc. stock buybacks.

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Brief

LSEG Eyes $3.5B Buy Of Permira's Credit Data Firm Octus

By Najiyya Budaly

London Stock Exchange Group PLC said Tuesday that it is in talks to buy U.S. credit intelligence provider Octus for $3.5 billion in order to boost its data and analytics offering.

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Willkie-Led Cardinal Buys Hughes Brothers In $357.5M Deal

By Jade Martinez-Pogue

Willkie Farr & Gallagher LLP-led Cardinal Infrastructure Group Inc. on Tuesday unveiled plans to acquire Central Florida contractor Hughes Brothers Construction Inc. in a $357.7 million deal.

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Nelson Mullins Sued In SC Over October Data Breach

By Jake Maher

Nelson Mullins Riley & Scarborough LLP has been hit with a proposed class action in South Carolina federal court over a data breach that took place in early October.

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Justices Won't Eye 'Weaponized' Sanctions Of Election Attys

By Jeff Overley

Despite outrage among Ninth Circuit conservatives, the U.S. Supreme Court declined Tuesday to scrutinize six-figure sanctions of lawyers who challenged Arizona election protocols, leaving intact discipline designed to "send a message."

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Reddit Fights Proskauer's 'Hot Potato' AI Client Bid In IP Suit

By Dorothy Atkins

Reddit Inc. has urged a New York federal judge to block its former law firm Proskauer Rose from defending Perplexity AI in Reddit's suit over alleged data scraping used to train artificial intelligence models, arguing the firm can't represent Perplexity after dropping Reddit as a client like ‌a "hot potato."

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Pa. Firm Can't Toss Uber's RICO Claims Over Insurer Payouts

By Linda Chiem

A Pennsylvania federal judge allowed Uber to pursue Racketeer Influenced and Corrupt Organizations Act claims alleging a Philadelphia personal injury firm schemed with healthcare providers to fabricate medical records and inflate accident claims involving Uber and FedEx drivers, saying Uber doesn't lose standing just because its insurer paid its legal fees in underlying litigation.

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DOJ Cites Privacy Concerns In Rejecting NM Epstein Files Bid

By Courtney Bublé

The U.S. Department of Justice has rebuffed the state of New Mexico's request for the unredacted Jeffrey Epstein files for its investigation into possible crimes at Epstein's Zorro Ranch, saying it would hinder law enforcement operations.

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Case Dropped Against Judge Accused Of Endorsing Violence

By Madison Arnold

Ethics charges against a Florida state court judge in Jacksonville alleging he made comments appearing to endorse violence, convey bias and demean individuals during several proceedings last year have been dropped.

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What The Justices Won't Hear: A Roundup Of Cert Denials

By Taylor Bowie

The U.S. Supreme Court declined to grant a writ of certiorari to another batch of applications Tuesday, including cases involving six-figure sanctions, wine shipment laws and overtime claims. 

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