A White & Case-led special purpose acquisition company seeking to buy a business in the media and technology industries debuted in public markets Tuesday after raising $300 million, the largest of three recent SPAC initial public offerings that netted a total of $590 million.
The Blackstone Group, guided by Simpson Thacher, said Tuesday that it has wrapped up the largest real estate credit fund in history after raising $8 billion from investors, with plans to provide a variety of debt investment solutions across the globe.
Justice Ruth Bader Ginsburg died on Friday at age 87. Here, Law360 looks at the feminist icon's legacy and the battle brewing over her seat.
A split Second Circuit panel on Monday rejected discriminatory hiring allegations brought by a pair of African American men denied jobs because of past felony convictions, finding that the men can't rely on national statistics showing that Black individuals are more likely to be arrested and incarcerated than white applicants.
Justice Ruth Bader Ginsburg is among the few on the U.S. Supreme Court to have etched her name into legal history long before donning a robe. In a special episode this week, Law360's The Term dives into her legacy as a pioneering women's rights advocate with two guests who worked by her side.
A New York federal judge on Monday shot down a request by Philip Morris International investors who had asked the court to reconsider its decision to toss a proposed class action that alleged the company lied about sales and regulation efforts for its flagship electronic cigarette.
New York federal appellate judges Monday weighed whether to lift the conviction of an influential Brooklyn donor at the center of an NYPD bribery scandal as his attorney minimized the favors sought as something that's "done every day."
Known as a budding superstar in Florida conservative legal circles, committed textualist Judge Barbara Lagoa could continue her lightning-quick ascent through the appellate ranks if President Donald Trump taps her for the now-vacant U.S. Supreme Court seat, where she would become the first Cuban-American, and first Floridian, to sit on the high court.
A New York City police officer spied on the activities of Tibetans and other Chinese citizens living in the U.S. and offered to reveal the inner workings of the police department to China, the U.S. Department of Justice said Monday.
A handful of U.S. senators urged a New York bankruptcy judge Monday to reject a compensation proposal that could see Purdue Pharma CEO Craig Landau pocket a bonus of up to $3.5 million, calling the possibility an "affront" to victims of the opioid crisis.
The Senate majority leader on Monday defended his plan to replace Justice Ruth Bader Ginsburg this year, while the House speaker said the late jurist will become the first woman to lie in state at the Capitol.
Ex-employees alleging that IBM targeted older workers for layoffs must arbitrate their claims individually, a New York federal judge ruled Monday, rejecting their argument that federal age bias laws guaranteed them the right to overturn collective-action waivers they signed.
A New York federal judge on Monday tossed six proposed class actions from accountants who claimed JPMorgan Chase and other banks owed them agent fees under the federal Paycheck Protection Program, ruling that the program has no such requirement.
Public reports accusing President Donald Trump and his businesses of wrongdoing could point to crimes that include criminal tax fraud, falsification of business records and insurance fraud, Manhattan's district attorney told a federal appeals court Monday.
The head of purported Boston venture capital firm Downing Partners LLC pled guilty on Monday to securities and wire fraud charges in connection with what prosecutors called a "Ponzi-like" scheme to bilk dozens of Downing employee investors out of millions of dollars.
Gibson Dunn & Crutcher LLP has added a commercial litigator previously with Boies Schiller Flexner LLP as a partner in its New York office, the firm announced on Monday.
An Angolan energy company's accusations that the country relied on forged documents to cancel a $1.1 billion partnership and seize four energy turbines belong in arbitration, the Angolan government told a New York federal court.
A New York federal judge has allowed a Quest Diagnostics subsidiary to dodge an overtime collective action from nearly 3,000 medical screeners, finding differences in their responsibilities and how they recorded their hours bar them from litigating the claims as a group.
Members Exchange, or MEMX, a new Wall Street-backed stock exchange seeking to compete against dominant players including the New York Stock Exchange and Nasdaq, began trading several major securities Monday, vowing to improve service and lower costs for investors.
A New York federal judge has denied the Zohar Funds' bid to transfer a dispute between the investment vehicles and founder Lynn Tilton so it can be heard alongside Zohar's Delaware bankruptcy case, saying the alleged conduct at issue in the fight over ownership of the funds' portfolio companies precedes the bankruptcy.
A Robbins Geller Rudman & Dowd LLP counsel team wants a little under a third of the $40 million settlement they earned for a proposed class of investors who had accused Brazilian meat and food processing giant BRF SA of fraud and bribery, the firm told a New York federal judge Friday.
A Manhattan federal judge sentenced an elderly Massachusetts businessman to four years in prison Monday for his long-standing efforts to evade U.S. taxes, which were exposed by the "Panama Papers" document leak from the Mossack Fonseca law firm.
A New York federal judge has dismissed a lawsuit by a Haitian former nurse manager at a Queens hospital who said she was unappreciated and paid less than her colleagues, ruling that she brought her race and national origin bias claims too late.
A New York federal judge agreed Monday to halt U.S. Postal Service changes that allegedly threaten to delay mail-in ballot delivery to voters during a contentious election year complicated by the COVID-19 pandemic, ordering the agency to prioritize election mail delivery and greenlight extra hours for postal workers.
NBCUniversal Media LLC told a New York federal judge Monday that it has reached a deal resolving claims it stole the name and concept of its Golf Channel Golfpass subscription service from a golf club app developer, monopolizing the market for online tee time bookings.
A New York federal court’s decision Monday to block a U.S. Department of Health and Human Services rule that excluded anti-discrimination protections for LGBTQ patients, and several other recent opinions, demonstrates a broad interpretation of protective statutes under the U.S. Supreme Court’s Bostock ruling, says Alan Kabat at Bernabei & Kabat.
Private equity firms should implement certain risk management tactics — such as requesting a preferred law firm and rejecting extrinsic evidence endorsements — in anticipation of increasing reluctance from insurers to cover legal defense costs amid the pandemic, says Ashley Jordan at Reed Smith.
Lawyers can look to federal district courts' recent virtual proceedings to evaluate whether remote appearances would further their clients' interests in civil lawsuits or if they would impose unfairness and inefficiency, say Christopher Green and Sara Fish at Fish & Richardson.
A recent American Bar Association opinion addressing the types of new-client consultations that could lead to disqualification is a reminder that lawyers indeed owe prospective clients certain duties, which call for attention to three best practices, say Sarah Sweeney and Thomas Wilkinson at Cozen O'Connor.
While the recent settlement between Novartis and the U.S. Department of Justice, resolving allegations of misconduct related to in-person speaker programs, provides useful compliance insight for pharmaceutical manufacturers, its restrictive measures should not be viewed as an evolution in the government’s thinking about these kinds of programs more generally, say attorneys at Sidley.
Law firms will be hiring conservatively well into 2021 and beyond, but associates eyeing a new firm or market can successfully make a move if they are pragmatic about their requirements, say Rebecca Glatzer and Kate Reder Sheikh at Major Lindsey.
The Safe to Work Act recently introduced by Senate Republicans would create a federal liability shield intended to enable businesses to reopen, and would preempt many state measures currently in place — but entities operating during the pandemic should continue tracking both federal and state liability protections, say attorneys at Pillsbury.
As federal and appellate courts split over whether multiemployer plans can use different pension plan actuarial assumptions for withdrawal liability and funding, plan sponsors using varied rates should prepare for more challenges, says Jeffrey Mamorsky at Greenberg Traurig.
The Second Circuit's and the Connecticut district court's jurisdictional reasoning in U.S. v. Hoskins — that the Foreign Corrupt Practices Act does not reach foreign nationals unless they are principally liable as agents of a domestic concern — could also immunize a domestic corporate target in these circumstances, say attorneys at Alston & Bird.
As competitors and courts grapple with different fact patterns involving web scraping, data owners are finding that the law does not provide clear guiding principles for when extraction of information from a website, database or program is legal, say Wesley Horner and Bart Eppenauer at Shook Hardy.
Hedge fund and private equity fund managers with employees working remotely during the pandemic may successfully argue their management fees are no longer subject to New York City's unincorporated business tax because they do not perform any actual fund services within the city's limits, say Scott Gluck and Maximilian Viski-Hanka at Duane Morris.
Two recent New York state court decisions in ICICI Bank v. Manilal and 856 Eighth v. Pizza Pasta show that petitions for court-appointed receivers may now face a higher bar due to pandemic-related shifts in businesses' operations, says Gary Fellner at Porzio Bromberg.
History suggests that the COVID-19 crisis will lead to a surge in legal malpractice claims, but proper documentation, regular conflict checks and a few other steps can help minimize exposure, say attorneys at Munger Tolles.
As pandemic-related state orders that toll statutes of limitations add to an already-muddled body of law, defense practitioners can follow a practical methodology to determine whether claims asserted by a member of a failed class are time-barred in a specific jurisdiction, say Marc Shapiro and Shane McCammon at Orrick.
Law firm managing partners must institute comprehensive, firmwide policies to ensure tenuous progress made in recruiting and retaining more women and attorneys of color is not lost due to pandemic-related layoffs and budget cuts, says Debra Pickett at Page 2 Communications.