Industrial technology company Ametek Inc. said Wednesday it has agreed to pay $5 billion in cash for a portfolio of instrumentation businesses from Indicor LLC, a portfolio company of private equity firm CD&R.
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TOP NEWS

Ametek To Acquire PE-Owned Indicor Instrumentation For $5B

By Al Barbarino

Industrial technology company Ametek Inc. said Wednesday it has agreed to pay $5 billion in cash for a portfolio of instrumentation businesses from Indicor LLC, a portfolio company of private equity firm CD&R.

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Mother Of Musk's Kids Defends Role As OpenAI Liaison

By Dorothy Atkins

Ex-OpenAI board member Shivon Zilis, who has four children with Elon Musk, took the stand in a California federal jury trial Wednesday over Musk's challenge to OpenAI's for-profit conversion, defending her role as an intermediary between Musk and other OpenAI founders and testifying she twice raised concerns over Sam Altman's leadership.

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'Drugs Made In America' SPAC Eyes $1B Deal With AI Platform

By Jade Martinez-Pogue

Special purpose acquisition company Drugs Made In America Acquisition Corp. has filed plans with U.S. regulators to merge with tech company Power Analytics Global Corp. in a deal with a target enterprise valuation of $1 billion for Power Analytics.

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LITIGATION

Altria, Juul Ask For Stay During Antitrust Class Cert. Appeal

By Matthew Perlman

Altria and Juul are asking a California federal court to pause a case alleging the companies schemed to have Altria exit the e-cigarette market while they appeal a class certification ruling to the Ninth Circuit.

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Restaurateur Opposes Warhol Turnover During Appeal

By Joyce Hanson

A disgraced Chinese restaurateur asked a New York federal judge to hold off on allowing a creditor owed about $142 million under arbitral awards to seize two paintings as payment, including an Andy Warhol, while she appeals a court judgment.

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DEALS & FINANCING

CellCentric Closes Latest Funding Round With $220M In Tow

By Jade Martinez-Pogue

Clinical-stage biotechnology company CellCentric on Wednesday revealed that it closed its oversubscribed Series D financing round after securing $220 million from investors.

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Brazilian AI Co. Valued At $1.2B After $100M Series B Round

By Matt Perez

Brazilian artificial intelligence company Enter, which produces software to help businesses deal with consumer lawsuits, announced Tuesday a $100 million Series B funding round that values the company at $1.2 billion.

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LEGAL INDUSTRY

Feds Say Stolen BigLaw Deal Info Aided Huge Trading Scheme

By Chris Villani

Federal prosecutors on Wednesday unveiled indictments outlining a massive insider trading scheme that allegedly netted tens of millions of dollars using nonpublic information about mergers and acquisitions worked on by some of the nation's biggest law firms.

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McDermott Is Cutting Its Associate Ranks

By Aebra Coe

McDermott Will & Schulte is downsizing its associate ranks less than a year after the firm was created via a combination of legacy firms McDermott Will & Emery and Schulte Roth & Zabel, the law firm confirmed Wednesday.

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Roberts Says High Court's Job Is To Make Unpopular Rulings

By Katie Buehler

Chief Justice John Roberts said Wednesday that the U.S. Supreme Court often must issue "unpopular" opinions, as the high court faces widespread backlash over its recent ruling limiting the Voting Rights Act's use in challenging racial discrimination in congressional redistricting.

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The Top Law Schools For Every Career Path: Class Of 2025

Where do law school graduates end up once they dive into the job market? Find out which schools came out on top for job placements in BigLaw, federal and state court clerkships, and other legal industry sectors.

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Atty Sanctioned Over Bogus Citations In Forced Labor Case

By Jake Maher

A Maine federal judge has sanctioned an attorney for submitting court filings with fake legal citations to oppose the dismissal of a forced labor trafficking suit against a school, after using an artificial intelligence platform.

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Feds Say 4th Circ. ICE Ruling Doesn't Help Ex-Wis. Judge

By Ryan Boysen

Former Wisconsin state judge Hannah C. Dugan can't use a recent Fourth Circuit ruling to overturn her conviction for obstructing ICE officers, the federal government said Wednesday, calling that ruling "merely relevant" and not at all binding.

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NC Man Pleads Guilty To Doxxing Justice's Home Address

By Bonnie Eslinger

A North Carolina man who posted the home address of a U.S. Supreme Court justice online and suggested violence against members of the high court pled guilty Wednesday to a "doxxing" charge with the intent to "threaten, intimidate, or incite a crime of violence" against the justice.

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Judge Won't Force Hunter Biden's Foreign Agent Registration

By Jack McLoone

A Washington, D.C., federal judge won't force the U.S. Department of Justice to register Hunter Biden as a foreign agent, dismissing a suit brought by a group founded by now-Deputy White House Chief of Staff Stephen Miller because it can't establish it suffered an injury.

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COMPANIES IN TODAY'S NEWS

Actelion Ltd.

Airbnb Inc.

Amazon.com Inc.

American Bar Association

Ametek Inc.

Anadarko Petroleum Corp.

Banco Bradesco SA

CVC Capital Partners Ltd.

China International Economic and Trade Arbitration Commission

Duke University

FARO Technologies, Inc.

Founders Fund

Friends of Animals

JUUL Labs Inc.

Johnson & Johnson

LVMH Moet Hennessy

Microsoft Corp.

NJOY Inc.

Nasdaq Inc.

Occidental Petroleum Corp.

OpenAI OpCo LLC

Permira

Ribbit Management Co. LLC

Sequoia Capital Operations LLC

Tesla Inc.

Venrock

eBay Inc.

iRobot Corporation

LAW FIRMS IN TODAY'S NEWS

Binder & Schwartz

Cera LLP

Cleary Gottlieb

Debevoise & Plimpton

Dechert LLP

Gimbel Reilly

Goodwin Procter

Joseph Saveri Law Firm

Justice Law Collaborative

Kaplan Fox

Kellogg Hansen

Latham & Watkins

Lewis Baach

Lowther Walker

McDermott Will & Schulte

MoloLamken

Sidley Austin

Strang Bradley

Toberoff & Associates

Verrill Dana

Wachtell Lipton

Weil Gotshal

Wilkinson Stekloff

Williams & Connolly

Wolf Haldenstein

Zwerling Schachter

GOVERNMENT AGENCIES IN TODAY'S NEWS

Federal Trade Commission

U.S. Attorney's Office for the District of Massachusetts

U.S. Attorney's Office for the Eastern District of Wisconsin

U.S. Attorney's Office for the Western District of North Carolina

U.S. Court of Appeals for the Ninth Circuit

U.S. Department of Justice

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maine

U.S. District Court for the District of Massachusetts

U.S. District Court for the Northern District of California

U.S. District Court for the Southern District of New York

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the Eastern District of Wisconsin