Venture capital-backed cybersecurity startup CrowdStrike on Thursday boosted the amount it expects to raise in its initial public offering to $522 million if shares price at midpoint, a potentially bullish sign for the Davis Polk-guided “unicorn” company.
A New York state appeals panel ruled Thursday that the Uniform Commercial Code does not permit the unwinding of a commercial property sale that has already closed, substantially modifying a lower court ruling that reached the opposite conclusion.
A Virginia bankruptcy judge on Thursday approved a $57.3 million fees and expenses reward to Kirkland & Ellis LLP for shepherding retail chain Toys R Us through what the law firm called a "hard-fought" Chapter 11 liquidation.
Boston-based venture capital firm Third Rock Ventures LLC, which has created or invested in more than 50 biotechnology startups, said Thursday that it has raised $770 million in an oversubscribed fifth round of funding, marking its largest round to date.
Canada's RioCan Real Estate Investment Trust on Thursday said it will take over the portion of a Toronto retail, residential and office property it does not already own, striking a CA$331 million ($247.7 million) deal with private equity firm KingSett.
A subsidiary of industrial equipment maker Fortive Corp. on Thursday agreed to pay $570 million for private equity-backed Intelex Corp., which makes cloud-based management software for businesses, in a deal guided by Kirkland & Ellis, Goodwin Procter and Osler Hoskin.
Shares of venture-backed online tutoring company GSX Techedu Inc., represented by Skadden, remained relatively flat in debut trading Thursday after the company raised $208 million through an initial public offering that priced at the midpoint of its range.
Private equity-backed retailer BJ's Wholesale Club Holdings has announced a secondary stock offering steered by Latham & Watkins LLP that could net the selling shareholders almost $433 million if their shares are sold at Wednesday's $24.74 closing stock price.
Advent International, advised by Goodwin Procter, has closed the largest private equity fund of the year so far, saying Thursday that it raised $17.5 billion for a vehicle that will invest in deal types including buyouts and corporate carveouts, mainly in Europe and North America.
Palo Alto, California-based blank check company GigCapital2 Inc. on Thursday said it had raised $150 million in an upsized, Crowell & Moring LLP-led initial public offering on the New York Stock Exchange after the company added another 2 million units to the offering.
A former Goodwin Proctor LLP partner who spent a decade working in Hong Kong has returned to Wilson Sonsini Goodrich & Rosati PC in California to help bolster its fund services and emerging companies practices, the firm has announced.
Venture-backed home exercise startup Peloton Interactive Inc. said Wednesday that it filed confidential paperwork with the U.S. Securities and Exchange Commission for an initial public offering, joining a slew of technology companies going public this year.
Carlyle and DWS are reportedly getting ready to lob offers for Deutsche Bahn's Arriva unit, T-Mobile has tapped Goldman Sachs to help it sell assets as part of its efforts to win approval of a merger with Sprint, and private equity firm Permira is about to hit the final close of a $1.7 billion fund.
Germany property company DIC Asset AG has said it will pay €225 million ($252.6 million) to take over property investment and asset management firm GEG Group from KKR & Co. and German real estate investment firm TTL Real Estate.
Insight Partners is leading a group of investors that on Wednesday agreed to plug $120 million into SentinelOne, a cybersecurity software developer that uses artificial intelligence to protect so-called endpoint devices like computers and smartphones.
Greenspoon Marder LLP announced Wednesday that it has expanded its corporate and business practice group in New York, bringing in a long-time transaction attorney from Blank Rome LLP.
Cerberus Capital Management and Covis Pharmaceuticals understated the value of pharmaceutical assets to a former executive to dupe him into selling his profit interests millions of dollars short of their worth, the former manager has claimed in New York federal court.
Digital Colony Management LLC, advised by Simpson Thacher, said Wednesday that it has clinched its debut fund after securing more than $4 billion from limited partners, with plans to focus on digital infrastructure assets like cell towers and data centers.
Employees of BlackRock Inc. urged a California federal judge on Monday to allow them to proceed as two classes in their lawsuit alleging the investment firm violated the Employee Retirement Income Security Act and cost retirement plan participants more than $100 million.
Private equity-backed leaseholders of a demolished Dallas airport terminal told the U.S. Supreme Court Tuesday that a Federal Circuit decision nullifying their $133.5 million award improperly gives the federal government carte blanche to engage in regulatory takings without just compensation.
Airtel Africa, a subsidiary of Indian telecommunications giant Bharti Airtel Ltd., said Tuesday it plans to raise $750 million on the London Stock Exchange through an initial public offering planned for July.
Gibson Dunn & Crutcher LLP has added a former Cadwalader Wickersham & Taft LLP partner to its tax practice group in New York, the firm recently announced.
Digital lending platform Biz2Credit on Tuesday said investors poured in $52 million as the DLA Piper-led financial technology company looks to grow its existing platforms and roll them out on a larger scale.
Some of BRF SA’s board members are resistant to talks about merging with rival Marfrig, China Three Gorges Corp. is mulling a deal for the Brazilian business of Energias de Portugal, and Volkswagen is likely to make moves to sell off its Renk unit this fall.
The private equity backer behind defunct trucking company Jevic has sued the company's bankruptcy estate and a handful of law firms, creditors and other stakeholders in Delaware seeking to claw back $2 million paid to fund a settlement that fell apart after the U.S. Supreme Court repudiated the deal.
The sheer number of women entering the legal profession means gender equality is coming, one way or the other. This Women’s History Month, BigLaw firms should reflect on this with the understanding that they dismiss the flight of senior female attorneys from their ranks at their peril, says Tamara Kurtzman, founder of TMK Attorneys PC.
A recent Law360 guest article cautioned against the hazards that can stem from pursuing "optimal" diversity, but overlooks the value of paying attention to visible diversity, says Matt Lykken of Potomac Law Group PLLC.
These days, the legal profession offers meager opportunity for oral argument, so we need to focus on being better, brighter, tighter writers. And the key to writing a better brief is grabbing your judge's attention with a persuasive, well-crafted story, says Daniel Karon of Karon LLC.
As the representations and warranties insurance industry has expanded, it is now seriously considering and writing risks that were once considered anathema, such as health care transactions, say David Kuffler of Kaufman Dolowich & Voluck LLP and Brian Thede of Ethos Specialty Insurance Services LLC.
Prior to launching a carveout transaction process, sellers should consider investing in carveout specific diligence, using the vendor due diligence construct employed in some European transactions as a model, say attorneys at Baker McKenzie.
Though admissibility will continue to be decided on a case-by-case basis, what is clear is that evidence obtained through Section 1782 applications in the U.S. will remain a feature of litigation in the Cayman Islands, say Conal Keane and Nick Hoffman of Harney Westwood & Riegels LLP.
We recently hatched a plan to test whether litigators could get blockchain ledger entries into evidence under the existing Federal Rules of Evidence, and we found a federal judge willing to help us, say attorneys Justin Steffen, Andrew Hinkes, Lisa Braganca, Christopher Veatch, Kashan Pathan and Jimmie Zhang.
While public companies have had their share of struggles responding to allegations of improper behavior by executives in the #MeToo era, venture capital-backed startups — especially in their early stages — face unique challenges in addressing such claims, say attorneys at Foley & Lardner LLP.
In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature John Yoshimura, chief operating officer at McDermott Will & Emery LLP.
Organizations should seek to avoid discrimination, but they should also be wary of the idea that diverse teams function better than nondiverse teams, because this reasoning lacks evidence and can lead to a slippery slope, says J.B. Heaton of J.B. Heaton Research LLC.
The recent Oxbow Carbon Unitholder Litigation demonstrated many common put valuation issues, but also how an alignment mechanism can foster cooperation despite a highly adversarial relationship, say Kyle Gann and Jason Osborn of Winston & Strawn LLP.
Private equity sponsors hoping to take advantage of the qualified opportunity zone regime need to consider several structuring points unique to qualified opportunity funds. It will be both easier and harder than structuring typical PE funds, say Robert Holo and Tyler Robbins at Simpson Thacher Bartlett LLP.
Although the U.S. Securities and Exchange Commission has removed some roadblocks to capital formation, it has not taken a fresh look at special purpose acquisition companies in over a decade — leaving operating companies that go public by merging with SPACs saddled with unnecessary restrictions, says Carol Anne Huff of Kirkland & Ellis LLP.
Presenting a powerful opening statement at mediation plays an important role in achieving success, but you need to reach into your toolbox for more than just a hammer, says Anthony Rospert of Thompson Hine LLP.
Recent case law reveals that courts vary widely in their approaches to shifting the costs and fees incurred in responding to a Federal Rule of Civil Procedure 45 subpoena. Nonparties responding to such requests should consider certain district court trends, say attorneys at Pepper Hamilton LLP.