HR Biz Deel Valued At $17.3B After $300M Funding Round

By Jade Martinez-Pogue

Human resources and payroll platform Deel, advised by Orrick Herrington & Sutcliffe LLP, on Thursday revealed that it hit a $17.3 billion valuation after closing its latest funding round with $300 million in investor commitments.

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Bavarian Nordic Gets Sweetened $3.1B Bid But Hurdles Linger

By Al Barbarino

Danish vaccine biotech Bavarian Nordic on Thursday urged shareholders to accept a sweetened, roughly $3.1 billion buyout bid from a group of private equity firms, but the shareholder acceptances required for a deal to proceed remain well short of the 75% minimum. 

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3 Firms Shape MGM's $546M Sale Of Ohio Gambling Venue

By Charlie Innis

MGM Resorts International, guided by Weil Gotshal & Manges LLP, plans to sell the operations of a racetrack and casino in Northfield Park, Ohio, for $546 million to private equity firm Clairvest Group, advised by Chapman and Cutler LLP and Duane Morris LLP, the companies said Thursday.

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Electric Aircraft Startup Beta Technologies Targets $750M IPO

By Jade Martinez-Pogue

Electric aircraft and propulsion system manufacturer Beta Technologies has unveiled plans for an estimated $750 million initial public offering, with Kirkland & Ellis LLP advising the company and Davis Polk & Wardwell LLP advising the underwriters.

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ADNOC's Covestro Buy To Get EU Nod, Plus More Rumors

By Jade Martinez-Pogue

Abu Dhabi oil giant ADNOC is expected to get a stamp of approval from European regulators for its €14.7 takeover of German chemicals company Covestro; Spanish grid operator Enagas is debating buying a minority stake in French gas operator Terega; and private equity giant Apollo has submitted another bid to acquire pizza chain Papa John's.

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Oakley Capital Investments To Gain £16M From AtHome Sale

By Dawood Fakhir

Oakley Capital Investments Ltd. said Thursday that it will gain approximately £16 million ($21.5 million) from the sale of atHome Group by fund managers Oakley Capital Ltd. and Mayfair Equity Partners. 

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Lumen Wants 'Speculative' $1.4B Pension Swap Suit Tossed

By Hailey Konnath

Lumen Technologies Inc. asked a Colorado federal court to throw out a proposed class action alleging it wrongly transferred obligations for a $1.4 billion pension fund to a private equity-controlled insurance company, calling it "speculative" and arguing that retired employees can't show they've been harmed by the move.

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Series

Traveling Solo Makes Me A Better Lawyer

Traveling by myself has taught me to assess risk, understand tone and stay calm in high-pressure situations, which are not only useful life skills, but the foundation of how I support my clients, says Lacey Gutierrez at Group Five Legal.

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Loan Forgiveness Overhaul May Chill Legal Aid Work

By Alison Knezevich

Civil legal services groups and public defenders say the Trump administration's proposed change to the Public Service Loan Forgiveness program would politicize the initiative and make it harder to recruit attorneys to jobs that pay less than the private sector.

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Atty Quits Ga. Bar's 'Facade' Committee On Client Solicitation

By Chart Riggall

A Georgia attorney resigned Friday as head of the state bar's committee on attorney-client solicitation, accusing the bar of not even "reaching for a garden hose" while unlawful solicitation of accident victims has spread "like wildfire" across the Peach State.

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

By Max Austin

This past week in London has seen Johnson & Johnson hit with a £1 billion ($1.34 billion) claim for allegedly selling contaminated baby powder, Carter-Ruck bring a claim against the Solicitors Regulation Authority, and Hewlett Packard file a probate claim against the estate of Mike Lynch.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

Exxon was hit with a proposed class action alleging its new program to enable automated proxy voting for retail investors is intended to stifle shareholder dissent. Meanwhile, a new survey found that nearly two-thirds of in-house legal departments think they will rely less on outside legal service providers because of generative artificial intelligence. These are some of the stories in corporate legal news you may have missed in the past week.

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NY Court Orders Hearing On Counsel Conflict In Drug Case

By Elizabeth Daley

A man who pled guilty to gun and drug charges and was sentenced to 12 years in prison can argue for a new trial due to ineffective counsel after a similarly culpable co-defendant got a light sentence allegedly due to cooperation between their attorneys, a New York state appeals court said in a reversal.

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Utah Fires Motley Rice From Opioid Case

By Jack Karp

The state of Utah has fired Motley Rice LLC from representing it in long-running litigation over the opioid crisis, a spokesperson for the Utah attorney general's office confirmed to Law360 Pulse on Friday.

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Ga. Judge Resigns After DUI Arrest Outside Fla. Strip Club

By Chart Riggall

A Georgia Superior Court jurist who led the state's Council of Superior Court Judges stepped down from the bench Thursday after his driving under the influence arrest last week outside a Jacksonville, Florida, strip club.

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UC Law School Can Drop Hastings Name, Appeals Court Says

By Andrea Keckley

California is allowed to drop Serranus Clinton Hastings' name from the University of California's San Francisco-based law school, a state appeals court has ruled, backing a trial judge's decision to toss a lawsuit filed by the former chief state Supreme Court justice's descendants and various school alumni.

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Law360's Legal Lions Of The Week

By Kevin Penton

Caldwell Cassady & Curry PC and Miller Fair Henry PLLC lead this week's edition of Law360 Legal Lions, after a California federal jury found Samsung must pay nearly $445.5 million for infringing four wireless communication patents.

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Liberty Mutual Attys Face Sanctions Bid Over Citation Errors

By Emily Sawicki

A St. Louis federal court is weighing whether to sanction Liberty Mutual Personal Insurance Company's lawyers after they submitted a motion containing citation errors and then, after a warning, "somehow" submitted a second motion with the same types of mistakes.

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Federal Courts To Scale Back Operations Amid Shutdown

By Ryan Boysen

The federal court system has run out of money and will scale back operations beginning Monday as a result of the ongoing government shutdown, possibly leading to case delays.

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Robbins Geller To Steer REIT Investors' Suit Over $787M Deal

By Sydney Price

Robbins Geller Rudman & Dowd LLP will lead a proposed class of investors in real estate investment trust Broadmark Realty Capital Inc. who claim they were misled by executives from the REIT ahead of a $787 million merger with Ready Capital Corp. in 2023.

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