Private Equity

  • September 01, 2021

    Spectrum Investors Request Approval For Revised $32M Deal

    Spectrum Brands investors asked a Wisconsin federal judge on Monday to preliminarily approve a proposed $32 million settlement between itself and a proposed class of investors after a previous $39 million settlement was denied.

  • September 01, 2021

    Latham Opens Austin Office With Focus On Emerging Cos.

    Latham & Watkins LLP on Wednesday announced a new office in Austin, Texas, with the addition of one-time attorneys from DLA Piper and Wilson Sonsini Goodrich & Rosati PC, joining a rush of firms that have set up shop in that red-hot market for technology and other industries.

  • September 01, 2021

    Robinhood Says Potential $3.4B Offering Is Under SEC Review

    Trading app Robinhood Markets Inc. on Wednesday said securities regulators are reviewing a share sale being offered by existing investors that could top $3.4 billion and comes on the heels of the company's blockbuster initial public offering.

  • September 01, 2021

    PE Firm AGIC Capital Clinches $1.2B For 2nd Fund

    AGIC Capital, a private equity firm concentrating on European and Asian markets, said Wednesday it raised $1.2 billion for its second fund focused on industrial and medical technology investments.

  • September 01, 2021

    Moye White Expands For First Time, Merges With Atlanta Firm

    Denver-based Moye White LLP is merging with an Atlanta corporate and intellectual property boutique to open a Georgia office, marking its first expansion outside of Colorado in the firm's 45-year history, it announced Wednesday.

  • September 01, 2021

    Checkr Reaches $4.6B Valuation After New $250M Funding

    Background screening company Checkr Inc., advised by Cooley, said Wednesday that it has achieved a valuation of $4.6 billion after securing $250 million from a group of investors led by Durable Capital Partners LP.

  • August 31, 2021

    2nd Circ. Revives Madoff Trustee's Citi Clawback Action

    The Second Circuit has revived a pair of lawsuits seeking to recover hundreds of millions of dollars from Citibank NA and others on behalf of customers of Bernie Madoff's fraudulent investment firm, giving a major boost to long-running efforts by the firm's liquidation trustee.

  • August 31, 2021

    Ethereum Scaling Biz Offchain Labs Valued At $1.2B

    Ethereum scaling services business Offchain Labs said Tuesday it's now valued at $1.2 billion following its Series B funding round that included Lightspeed Venture Partners, Polychain Capital and billionaire Mark Cuban.

  • August 31, 2021

    Cooley-Led Allbirds Files For $100M IPO

    Sustainable footwear company Allbirds filed plans Tuesday for a $100 million initial public offering guided by Cooley LLP and underwriters' counsel Latham & Watkins LLP.

  • August 31, 2021

    Fenwick-Led Databricks Valued At $38B After $1.6B Funding

    California-based data analytics company Databricks, advised by Fenwick & West LLP, said Tuesday it has achieved a $38 billion valuation after receiving $1.6 billion from a group of private investors led by an affiliate of Morgan Stanley.

  • August 31, 2021

    Pot Co. IAnthus Dodges Investor Suit, For Now

    Cannabis company iAnthus Capital Holdings Inc. has escaped shareholder suits for now, a New York federal judge has ruled, after the plaintiffs couldn't satisfy a landmark U.S. Supreme Court decision's requirements for domestic trading activity.

  • August 31, 2021

    Ackman Builds Last Bit Of UMG Stake After SPAC Snafu

    Bill Ackman's Pershing Square said Tuesday it will pay roughly $1.15 billion to cement its 10% stake in Universal Music Group, the latest step in a deal inked after Ackman's special purpose acquisition vehicle scrapped a merger with the music giant over regulatory skepticism.

  • August 31, 2021

    'Varsity Blues' Parents Say Zoom Trial Will Stir 'Media Frenzy'

    Two parents set for trial in the "Varsity Blues" college admission scandal asked a Massachusetts federal judge on Monday not to live stream the proceedings, claiming the broadcast would whip up a "media frenzy" and spoil their shot at a fair trial.

  • August 30, 2021

    Law360 MVP Awards Go To 182 Attys From 77 Firms

    The elite slate of attorneys chosen as Law360's 2021 MVPs have distinguished themselves from their peers by securing hard-earned successes in high-stakes litigation, complex global matters and record-breaking deals.

  • August 30, 2021

    Vaccines, Tuition, Race: The Litigation On Law Schools' Radar

    Lawsuits over student vaccine mandates, tuition refunds for remote classes, free speech issues and race-conscious admissions are all being watched closely by law schools as the fall semester begins.

  • August 30, 2021

    How Firms Can Help Law Schools Leap Into The Future

    While law schools are shaping the next generation to fill law firm's ranks, the inverse is also true: law firms can help steward schools even further into a new age of the profession. Here, Law360 Pulse explores how firms can influence change in the law school-to-law firm pipeline.

  • August 30, 2021

    4 Ideas For Updating Law Schools Post-Pandemic

    Law schools were thrown into a lurch during the COVID-19 pandemic, reinvigorating a debate about the need to modernize them. Here, legal experts explain four ways that law schools can continue to evolve post-pandemic.

  • August 30, 2021

    Keeping Up With The Evolving PE Secondaries Market

    The private equity secondaries market is sizzling like a New York City sidewalk in the summer thanks to the emergence of continuation vehicles that allow PE players to remain invested in well-performing assets for longer, but sponsors must be careful to avoid pitfalls like conflicts of interest.

  • August 27, 2021

    Del. Judge Freezes Assets Tied To Hotel Ch. 11 Fraud Claim

    Two men who were major investors in a multihotel bankruptcy earlier this year were hit with an asset freeze order in Delaware bankruptcy court Friday in connection with questions about an allegedly fraudulent, $2.4 million CARES Act Paycheck Protection Program loan in California.

  • August 27, 2021

    Media Co. Says Disability Doesn't Defeat Harassment Story

    Boston Globe Media Partners has asked the Second Circuit not to revive defamation claims lodged by the retired co-founder of a health care and biotech hedge fund, saying his argument that it was physically impossible for him to sexually harass his former employees due to his quadriplegia lacks merit and is inconsequential to the allegations.

  • August 27, 2021

    Chinese Cos.' US IPOs Plunge Amid Regulatory Crackdowns

    U.S.-listed initial public offerings by Chinese companies have ground to a halt amid regulatory crackdowns in both countries, with no sign as to when listings might resume, while existing listed Chinese companies face potential delisting given new authority at U.S. regulators' disposal.

  • August 27, 2021

    Don't Miss It: Latham, Ropes & Gray Guide Week's Hot Deals

    With so much mergers and acquisitions news this week, you may have missed several deals announced in the last several days helmed by firms such as Latham & Watkins LLP and Ropes & Gray LLP.

  • August 27, 2021

    Forex-Rigging Case Tainted By Judge Error, 2nd Circ. Told

    An attorney for a former JPMorgan Chase & Co. foreign currency trader sentenced to prison for conspiring to fix prices on Friday asked the Second Circuit to vacate his conviction or order a new trial, saying the lower court erred by failing to make a determination on what legal standard applies to the case.

  • August 27, 2021

    Goodwin-Led Software Co. Toast Readies IPO

    Restaurant software developer Toast filed plans for an initial public offering Friday with help from Goodwin Procter and underwriters' counsel Sullivan & Cromwell, as it looks to raise cash after growing during the COVID-19 pandemic.

  • August 27, 2021

    Bernstein Litowitz May Seek $4.6M For Bank Merger Suit Deal

    Bernstein Litowitz Berger & Grossmann LLP will seek up to $4.6 million for brokering a tentative $23 million deal to end an investor suit in Delaware Chancery Court over Capital Bank Financial Corp.'s $2.2 billion sale to First Horizon National Corp. in 2017.

Expert Analysis

  • Predictions On Pandemic's Lasting Impact On Legal Education

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    The pandemic accelerated the pace of technological change for legal education, and some of the changes to how law school courses are taught and on-campus interviews are conducted may be here to stay, says Leonard Baynes at the University of Houston.

  • Lawyer Perfectionism Is A Disease We Can Control

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    The pursuit of perfection that is prevalent among lawyers can lead to depression, anxiety and other mental health impacts, but new attorneys and industry leaders alike can take four steps to treat this malady, says Liam Montgomery at Williams & Connolly.

  • 5 Tips To Help Your 2021 Summer Associates Succeed

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    Despite pandemic-related challenges this year, law firms can effectively train summer associates on writing and communicating — without investing more time than they ordinarily would, says Julie Schrager at Schiff Hardin.

  • Firms Should Use Surveys To Make Smart Legal Tech Choices

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    The utility of legal technology innovations may be limited without clear data and objectives from the outset, but targeted surveys can provide specific insights that enable law firms to adopt the most appropriate and efficient tech solutions, says Tim Scott at Frogslayer.

  • Don't Forget Due Diligence In Race For Lateral Associate Hires

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    Amid high demand for associates and aggressive competition to attract talent, law firms should take three key steps to conduct meaningful prehire due diligence and safeguard against lateral hiring mistakes that can hurt their revenue and reputation, says Michael Ellenhorn at Decipher.

  • New Circuit Split Complicates Domestic Securities Test

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    The First Circuit’s recent holding in U.S. Securities and Exchange Commission v. Morrone cements a new circuit split over when a securities transaction is considered domestic, introducing new wrinkles to the already-vague standards courts have relied on to interpret the U.S. Supreme Court's Morrison test, say Eric Belfi and David Saldamando at Labaton Sucharow.

  • Jevic Ch. 7 Ruling Highlights DIP Agreement Consequences

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    The Delaware bankruptcy court’s recent Jevic Holding ruling — that a Chapter 11 debtor-in-possession agreement can bind a subsequent Chapter 7 trustee — provides protection against clawback claims for lenders and guidance on DIP agreement negotiations for creditors’ committees, say attorneys at Kleinberg Kaplan.

  • Privilege Waiver Risks From Reps & Warranties Insurance Use

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    The use of representations and warranties insurance in M&A could result in waiver of the attorney-client privilege, but policyholders can do a number of things to minimize disclosure of transaction-related information when negotiating the insurance policy and after a claim arises, say attorneys at Bass Berry.

  • HHS Advisory Highlights Need For Anti-Kickback Law Update

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    The U.S. Department of Health and Human Services recently greenlighted a proposal between health care providers to jointly invest in a new facility, reinforcing that such arrangements do not need to fit precisely within the Anti-Kickback Statute exemption for ambulatory surgery centers, but also calling into question whether the safe harbor should be updated, say Brian Bewley and Kaitlyn Dunn at Manatt.

  • Lessons In Civility From The Alex Oh Sanctions Controversy

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    Alex Oh’s abrupt departure from the U.S. Securities and Exchange Commission and admonishment by a D.C. federal judge over conduct in an Exxon human rights case demonstrate three major costs of incivility to lawyers, and highlight the importance of teaching civility in law school, says David Grenardo at St. Mary's University.

  • Opinion

    Biz Record Admissibility Rule Must Adapt To An ESI World

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    The federal rule that permits the use of business records as evidence must be amended to address the unreliability of electronically stored information and inconsistent court frameworks on email admissibility, say Josh Sohn and Nadia Zivkov at Stroock.

  • Series

    Judging A Book: Rodriguez Reviews 'When Machines Can Be Judge'

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    Katherine Forrest's new book, "When Machines Can Be Judge, Jury, and Executioner," raises valid transparency concerns about artificial intelligence tools used by judges when making bail and sentencing decisions, but her argument that such tools should be rejected outright is less than convincing, says U.S. District Judge Xavier Rodriguez of the Western District of Texas.

  • State Data Can Guide On Federal 'No Surprises Act' Arbitration

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    Arbitration data from states with existing surprise medical billing laws that track the federal independent dispute resolution process under the newly passed No Surprises Act provide helpful insights into the likely impact of the federal law taking effect in 2022, say Alexandra Lucas and Christian Martin at Reed Smith.

  • 5 Steps For Law Firms Rethinking Flexible Work Post-COVID

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    A flexible work environment will be key to recruiting and retention efforts post-pandemic, so law firms must develop comprehensive policies that solidify expectations and boundaries on accommodations such as flextime, remote work and reduced hours, says Manar Morales at the Diversity & Flexibility Alliance.

  • What UK's New Merger Controls Mean For Private Equity

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    Expansive notification and approval requirements under the U.K.’s new merger control regime — the National Security and Investment Act — along with a lack of clarity about when they go into effect, pose unique challenges for private equity sponsors, as well as their investors and portfolio companies, say attorneys at Kirkland.

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