Private Equity

  • November 17, 2022

    Deals Rumor Mill: Binance, SBF, Forbes Media

    Binance is relaunching efforts to buy bankrupt crypto lender Voyager, FTX founder Sam Bankman-Fried is attempting to raise money from investors despite the company's bankruptcy filing, and Forbes Media is looking to sell itself for about $800 million to a consortium of investors. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.

  • November 17, 2022

    Insider-Trading Stock Whiz Who Dodged Taxes Avoids Prison

    A Brooklyn federal judge on Thursday allowed a New York City stock-trading expert to avoid prison for insider trading and an attempted tax dodge, citing the defendant's rough childhood in turning aside a request by prosecutors for a three-year sentence.

  • November 16, 2022

    3 Firms Steer Wireless Tech Firm's $276M SPAC Merger

    Mobix Labs, a semiconductor design company, reached an agreement Wednesday to go public via a merger with special-purpose acquisition company Chavant Capital Acquisition Corp. in a $276 million deal guided by Simpson Thacher & Bartlett LLP, Greenberg Traurig LLP and DLA Piper LLP.

  • November 16, 2022

    Proof Shows Atty Helped CEO Evade Taxes On $225M, US Says

    A tax attorney helped a private equity executive evade taxes on $225 million in capital gains, the U.S. government told a California federal court, saying it will present evidence at trial from undercover agents and other sources proving he knowingly promoted an offshore evasion scheme.

  • November 16, 2022

    Clean Energy Investment Firm Raises $1B Inaugural Fund

    Clean energy-focused investment firm Climate Adaptive Infrastructure, guided by Kirkland & Ellis, announced on Wednesday that it has closed its inaugural fund at $1 billion, with plans to direct the money toward investments that will combat climate change.

  • November 16, 2022

    FCC Studying Foreign Stakes In Tegna Deal, Chair Says

    The Federal Communications Commission is carefully scrutinizing foreign investors' participation in a deal by Standard General LP to take broadcast company Tegna Inc. private, the FCC's chair has told a House member.

  • November 16, 2022

    Chicago-Based Health Care Co. Secures $300M In Financing

    Chicago-based health care chain Oak Street Health secured a $300 million loan from Silicon Valley Bank and Hercules Capital Inc. that will be used to assist with "operational and strategic capital" over the next few years, the companies announced Wednesday.

  • November 16, 2022

    Perry Guha Fights 'Shameful' Bid To DQ It In Leon Black Case

    Litigation boutique Perry Guha LLP says it should not be disqualified from defending Apollo Global Management's billionaire ex-CEO Leon Black against sexual assault allegations, calling opposing counsel Wigdor LLP's claims that the firm is conflicted because it employs a former prosecutor who may have investigated Black "shameful" and "improper gamesmanship."

  • November 16, 2022

    EU Raises Concerns Over Booking.com's €1.6B ETraveli Deal

    European enforcers launched an in-depth investigation Wednesday into plans for the owner of Booking.com to acquire flight booking provider eTraveli in a €1.63 billion ($1.69 billion) deal, citing concerns that the online travel agency is further strengthening its dominant position.

  • November 16, 2022

    Surf Air Aviation Biz And SPAC Cancel $1.42B Merger

    Surf Air Mobility Inc. and blank check company Tuscan Holdings Corp. II have abandoned their plans to merge, and the aviation company plans to take a more traditional go-public route, according to public documents.

  • November 16, 2022

    Musk Testifies That He Wants Someone Else To Run Twitter

    Elon Musk said he is looking for someone else to run Twitter, as he took the stand on Wednesday at a trial in Delaware Chancery Court, where a key question on whether his $56 billion pay package at Tesla is justified hinges on whether his attention was too divided among his other companies.

  • November 16, 2022

    Dell Settles Suit Over Stock Swap Deal For $1B In Chancery

    Dell Technologies founder Michael Dell and other directors and controlling investors have agreed to settle for $1 billion in cash a more than 4-year-old Delaware Court of Chancery stockholder suit seeking damages in connection with a $23.9 billion conversion of Dell stock in 2018.

  • November 15, 2022

    Activist Investor Says Google Parent Needs To Cut Costs

    An activist investor told Alphabet, the parent company of Google, on Tuesday that it needs to aggressively cut costs in areas such as employee compensation and headcount while increasing share buybacks.

  • November 15, 2022

    2 Cos. Ordered To Pay $66M Over 'Massive' Ponzi Scheme

    A pair of companies will pay a total of $65.9 million to end U.S. Securities and Exchange Commission claims that they were instrumental in a $110 million Ponzi scheme spanning more than a decade and affecting 400 investors.

  • November 15, 2022

    Top SEC Enforcer Urges Speedy Crypto Investigations

    The U.S. Securities and Exchange Commission's top enforcement official on Tuesday emphasized the need for regulators to act quickly to "hold bad actors accountable" and restore public trust as the agency touted its record $6.4 billion enforcement haul over the last fiscal year.

  • November 15, 2022

    Chancery Issues Final Chirp In Musk's $44B Twitter Deal Battle

    Elon Musk's completed purchase of Twitter has brought to an end one of his legal battles, with a Delaware Chancery Court judge on Tuesday affirming the voluntary dismissal of Twitter's lawsuit that was meant to force the billionaire to close his $44 billion purchase of the social media platform after he tried to back out of the deal.

  • November 15, 2022

    SPAC G&P Won't Merge, Redeems Public Shares

    Special purpose acquisition company G&P Acquisition Corp. announced on Tuesday that it would not combine with another business and will instead redeem its public shares, a move that comes amid a turbulent market for SPAC mergers.

  • November 15, 2022

    Akin Gump Adds Former Treasury Policy Leader In DC

    A former U.S. Treasury Department official experienced in international relations has joined Akin Gump Strauss Hauer & Feld LLP's foreign investment and international trade practices in Washington, D.C.

  • November 15, 2022

    Faegre Drinker Welcomes Back Tax Pro In Philadelphia

    Faegre Drinker Biddle & Reath LLP has expanded its investment management group this week with the return of a tax attorney who started her career with the firm 16 years ago.

  • November 15, 2022

    Cooley-Led Oncology Firm Prices $94M IPO Below Range

    Oncology firm Acrivon Therapeutics Inc. rose in debut trading Tuesday after completing an upsized $94 million initial public offering, albeit at a lower price than expected, represented by Cooley LLP and underwriters counsel Goodwin Procter LLP.

  • November 15, 2022

    PE Firm Clinches $485M 'Revolutionary' Climate Tech Fund

    Global venture capital firm Energy Impact Partners said Tuesday that it closed on a $485 million fund to continue investing in "revolutionary" climate technologies that promote the transition to a net-zero carbon economy.

  • November 15, 2022

    2 Stroock Financial Litigators Jump To DLA Piper In LA

    DLA Piper continues expanding its West Coast litigation practice with the addition of two Stroock & Stroock & Lavan LLP financial litigators as partners in Los Angeles.

  • November 15, 2022

    Credit Suisse To Sell Securitized Products Group To PE Biz

    Credit Suisse said on Tuesday that it will sell most of its securitized products subsidiary to U.S. private equity firm Apollo to remove risk from the troubled Swiss bank's balance sheet.

  • November 14, 2022

    CFTC Dropped Ball On FTX Regulation, Watchdog Group Says

    Nonprofit market watchdog Better Markets accused the U.S. Commodity Futures Trading Commission of lying down on the job of regulating FTX's derivatives arm, which on Monday pulled its application to create an organization that would allow it to clear crypto futures and options on margin. 

  • November 14, 2022

    5 Firms Assist Two Energy-Focused Cos.' SPAC Plans

    aTwo energy sector companies, Electriq Power and EnOcean, separately announced plans on Monday to go public by merging with special purpose acquisition companies in a pair of deals put together by Gibson Dunn, Elenoff Grossman, DLA Piper, Ashurst and Kirkland & Ellis.

Expert Analysis

  • Attys Shouldn't Assume Judicial Critique Is Protected Speech

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    As it becomes more commonplace to see criticism of the judiciary in the media, licensed attorneys are well advised to remember that they may have less freedom than nonlawyers to make protected speech critical of the judiciary, says Mark Hinderks at Stinson.

  • Series

    Keys To A 9-0 High Court Win: Practicality Over Perfection

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    When I argued for the petitioner in Wooden v. U.S. last year, I discovered that preparation is key, but so is the right kind of preparation — in giving decisive answers to the U.S. Supreme Court justices' hypothetical questions I was not aiming for perfection, just the best response available, says Allon Kedem at Arnold & Porter.

  • What New Bar Exam Means For Law Students And Schools

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    Stephanie Acosta at UWorld discusses how law students and law schools can start preparing now for the new bar exam launching in 2026, which is expected to emphasize real-world lawyering skills-based tasks over rote memorization.

  • Apple's New Messaging Features Will Complicate E-Discovery

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    Apple's newest mobile operating system allows users to edit and recall messages and recover deleted messages, which could significantly increase the time, burden and expense of processing and analyzing cellphones if messages or their associated metadata become an area of scrutiny in a case, says Jarrett Coco at Nelson Mullins.

  • Regulatory Changes That May Affect Investments In Wireless

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    A potential acquisition or investment in the wireless space requires a fulsome understanding of the regulatory environment, including a new spectrum strategy under the Biden administration, the potential for more legal challenges to Federal Communications Commission decisions and more, says Laura Stefani at Venable.

  • Meme Stock Buyers Must Heed Bankruptcy Code Provisions

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    As Bed Bath & Beyond faces private securities lawsuits and teeters toward a Chapter 11 filing, it highlights why meme stock buyers must understand Bankruptcy Code provisions such as claim subordination under Section 510(b), and how they may affect recoveries in distressed companies, say Michael Handler and Andrew Michaelson at King & Spalding.

  • Law Firm Inclusion Efforts Often Overlook Business Staff

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    Law firms committed to a culture of universal inclusion can take steps to foster a sense of belonging in their business services teams, says Jennifer Johnson at Calibrate Consulting.

  • An Associate's Guide To Rebounding After A Layoff

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    Law firm associates laid off due to economic conditions can recuperate and move forward by practicing self-care, identifying key skills to leverage during the job search, engaging in self-reflection and more, say Kate Sheikh at Major Lindsey and wellness consultant Jarrett Green.

  • Lessons From 3 Chancery Books And Records Decisions

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    Attorneys at Fried Frank discuss three recent Delaware Chancery Section 220 decisions, each of which amplifies stockholders' broad right to request corporate books and records, and offer important takeaways for practitioners concerning email, confidentiality and documentation.

  • AML Regulation Of Lawyers Is Imminent And Controversial

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    The U.S. House of Representatives' recently passed National Defense Authorization Act subjects lawyers engaged in certain financial-related activities to anti-money laundering regulation under the Bank Secrecy Act, which could pit lawyers against clients in ways harmful to the rule of law and administration of justice, says Jeremy Glicksman at the Nassau County District Attorney’s Office in New York.

  • Key Adaptations For Law Firms Amid Quiet Quitting Movement

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    While quiet quitting may not be sustainable at law firms with billable hour requirements, there are specific steps law firms should take to maintain engagement and otherwise respond to the trend's underlying message that associates won't spend all their waking hours at work if they don't feel it's worthwhile, says Meredith Kahan at Whiteford Taylor.

  • The Role Of Tweets, Memes, Emoji In Musk Securities Saga

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    Brad Foster at Haynes and Boone reviews securities law scenarios in the coming Twitter v. Musk litigation in Delaware and the class actions waiting in the wings, and explains how Elon Musk's tweets, memes and emoji might come into play.

  • Creating A Hybrid Work Policy? Be Intentional And Inclusive

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    The pandemic has changed expectations for the future of work forever, and as more employees demand hybrid working options, law firms must develop policies and models that are intentional, inclusive and iterative to lead the industry into the future, says Manar Morales at the Diversity & Flexibility Alliance.

  • How Fintech Cos. May Transform Real Estate Investment

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    Fintech companies have begun to meet challenges to real estate investment with innovations that will drive new transactions, but they will need to provide traditional investors with more information about individual properties and communities, say Joseph Bizub and David Reiss at Brooklyn Law School, and Justin Peralta at IBM.

  • A Law Firm's Guide To Humane Layoffs As Recession Looms

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    Amid warnings of a global recession, law firms should prepare for the possibility of associate layoffs, aiming for an empathetic approach and avoiding common mistakes that make the emotional impact on departing attorneys worse, say Jarrett Green, a wellness consultant, and Kate Reder Sheikh at Major Lindsey & Africa.

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