Private Equity

  • November 07, 2022

    Skadden, King & Spalding Guide $4.3B Canadian REIT Deal

    Skadden Arps Slate Meagher & Flom LLP and King & Spalding LLP are advising GIC and Dream Industrial REIT in a deal to acquire Canadian company Summit Industrial Income REIT for approximately $4.37 billion (5.9 billion Canadian dollars), the companies announced Monday.

  • November 07, 2022

    Proskauer Adds Ex-Investment Management Group EVP

    Proskauer Rose LLP said Monday it has added the former executive vice president of financial services company Equitable Investment Management Group LLC to its investment management practice.

  • November 07, 2022

    Catching Up With Delaware's Chancery Court

    New cases in Chancery Court last week ranged from cannabis control in California to fraud claims in Rwanda, while decisions covered everything from yoga to attorneys blacklisted from concert halls. Oddly enough for Chancery Court regulars, the Twitter disputes happened elsewhere.

  • November 07, 2022

    Gibson Dunn Adds Ex-Simpson Thacher Invest Funds Atty

    Gibson Dunn & Crutcher LLP has added an investment funds attorney previously with Simpson Thacher & Bartlett LLP as a partner in its Houston office, the firm announced Monday.

  • November 07, 2022

    Insurer Can't Deny Coverage For 'Scalping' Claims, Suit Says

    The Federal Insurance Co. wrongfully denied defense coverage to a microcap securities dealer under an asset management policy after the firm was sued by the Securities and Exchange Commission, which said it was involved in a "scalping" scheme, a New York lawsuit contends.

  • November 07, 2022

    Walgreens Primary Practice Buys Summit Health In $8.9B Deal

    Walgreens-owned VillageMD, guided by Sheppard Mullin Richter & Hampton LLP, will acquire primary, specialty and urgent care provider Summit Health-City MD, guided by Cleary Gottlieb Steen & Hamilton LLP, in a deal valued at $8.9 billion, the companies announced Monday, representing the latest in a string of recent transformative transactions in the health care industry.

  • November 04, 2022

    Fed. Circ. Lets Uniloc Keep Suing Google, Not 2 Others

    The Federal Circuit revived patent licensing company Uniloc's case against Google on Friday but declined to do the same for two others, though it suggested lower court judges in Delaware and California were wrong to use language from a loan between Uniloc and a New York investment fund to throw them out.

  • November 04, 2022

    Don't Miss It: Wachtell, Davis Polk Guide Week's Hot Deals

    A lot can happen in the world of mergers and acquisitions over the course of a week, and it's difficult to keep up with all the deals. Here, Law360 recaps ones you may have missed, including transactions helmed by Wachtell and Davis Polk.

  • November 04, 2022

    Kirkland Leads Castlelake In Closing $782M Credit Fund

    Investment firm Castlelake LP, directed by Kirkland & Ellis LLP, has closed its Castlelake Income Opportunities II LP private credit fund, securing $782 million in capital commitments, it announced Thursday.

  • November 04, 2022

    5 Firms Lead Giant Biogene's Downsized $70M HK IPO

    Giant Biogene Holding Co. Ltd.'s shares rallied 10% in their debut Friday on the Hong Kong Stock Exchange after the Chinese company completed a sharply downsized initial public offering of $70 million, guided by five law firms.

  • November 04, 2022

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen three insurers sue a bankrupt opioid distributor, French film production company StudioCanal bring a copyright claim against its former subdivision, and a computer microchip maker bring its patent dispute with Intel to the U.K. Here, Law360 looks at these and other new claims in the U.K.

  • November 04, 2022

    Ex-Trump Ally, Deputy Acquitted In Illegal Lobbying Trial

    A Brooklyn federal jury on Friday delivered a knockout blow to prosecutors' case against onetime Donald Trump adviser Thomas Barrack and his former protégé, which alleged the pair secretly acted as agents of a foreign government, acquitting both men of all charges.

  • November 03, 2022

    SolarWinds Nears $26M Investor Deal As SEC Eyes Action

    SolarWinds is nearing a $26 million deal to end a putative class action alleging shareholders were hurt after a massive cyberattack that's been blamed on the software company, but the U.S. Securities and Exchange Commission may be filing an enforcement action, the company told investors on Thursday.

  • November 03, 2022

    IP Forecast: VLSI Patent Battle Against Intel Goes For Round 4

    A fourth trial kicks off in Austin next week in a multibillion-dollar legal war between VLSI Technology and Intel over the licensing company's microchip technology patents. Here's a look at that case — plus all the other major intellectual property matters on deck in the coming week.

  • November 03, 2022

    Latham, Morrison Lead $450M SPAC, African Farm Biz Merger

    New York-based African Agriculture Inc., directed by Morrison Cohen LLP, will merge with Latham & Watkins LLP-guided 10X Capital Venture Acquisition Corp. II, a special purpose acquisition company, in a deal that estimates the alfalfa farmers' enterprise value at $450 million, according to a statement.

  • November 03, 2022

    Trump-Tied SPAC Again Fails To Win Merger Extension

    The special-purpose acquisition company proposing to acquire and take public former President Donald Trump's social media platform on Thursday once again postponed a meeting to record shareholder votes on an extension needed to keep the deal afloat.

  • November 03, 2022

    Stockholder Challenges Single-Family Rental Co.'s SPAC Deal

    A stockholder sued a special purpose acquisition company in New York federal court on Thursday to prevent it from merging with the parent company of Renters Warehouse, accusing the SPAC of omitting key details in its proxy statement.

  • November 03, 2022

    Deals Rumor Mill: Twitter, Adobe, Zucker

    U.S. officials are exploring whether they have the authority to investigate Elon Musk's acquisition of Twitter, former CNN President Jeff Zucker is considering joining private-equity firm RedBird Capital, and the Justice Department is preparing to investigate Adobe's $20 billion takeover of Figma. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.

  • November 03, 2022

    Study Claims Diagnostics Innovation Isn't Tied To Investments

    How much investor funding goes into diagnostics research and development is a poor way of judging whether U.S. Supreme Court decisions on patent eligibility have discouraged the development of new tests, since most development doesn't rely on outside funding, an R Street Institute researcher said in a new study.

  • November 03, 2022

    Mark Cuban Buys Team In New Pickleball League

    The Vibe Pickleball League has launched an elite, professional pickleball league that will begin playing next year, and billionaire Mark Cuban is its first team owner, according to a statement released Thursday.

  • November 03, 2022

    3 Firms Lead Bain Capital Group's €955M Bid For Caverion

    A consortium led by U.S. private equity firm Bain Capital has made a €955.3 million ($932 million) bid for Caverion, the Finnish company said Thursday, as its board recommended that shareholders vote in favor of the deal that will take it private.

  • November 02, 2022

    SEC Chair Gensler Warns Of Further WhatsApp Sweeps

    U.S. Securities and Exchange Commission Chair Gary Gensler told an audience of lawyers Wednesday that his agency continues to search for record-keeping violations like the ones that led to over $1 billion in fines for some of the nation's largest banks and warned of harsh penalties if regulated entities are caught mismanaging employee communications.

  • November 02, 2022

    Albertsons-Kroger Deal Payout Breaks Antitrust Law: AG Suit

    The attorneys general of Washington, D.C.; California; and Illinois sued Kroger and Albertsons on Wednesday, adding a federal court dimension and direct antitrust allegations to state enforcer efforts to block Albertsons' planned $4 billion merger-related shareholder payout out of concern it could cripple Albertsons as a competitive supermarket chain.

  • November 02, 2022

    4 Firms Rep Climate Mitigation-Focused JV's $1.8B Forest Buy

    A joint venture between Anew Climate and an Oak Hill Advisors-led investor consortium has acquired a 1.7-million-acre portfolio of timberlands with an eye towards climate issues, in one of multiple deals that together are worth about $1.8 billion and were guided by four law firms.

  • November 02, 2022

    Pot Farm Founders Sue Investors In Del., Alleging Fraud

    The founders of a California cannabis business startup sued an investor group in Delaware Chancery Court on Wednesday, accusing the investors of misrepresenting their experience in developing cannabis production facilities and intentionally withholding cash as a way to seize control.

Expert Analysis

  • Sarbanes-Oxley At 20: How It Complicates Musk's Twitter Case

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    Twenty years after the passage of the Sarbanes-Oxley Act, Elon Musk’s impending difficulty proving that Twitter eluded auditor scrutiny and misled the U.S. Securities and Exchange Commission is a perfect case study for how the legislation continues to protect investors from securities fraud today, says James Park at UCLA School of Law.

  • A Lawyer's Guide To Collecting Fees From Nonpaying Clients

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    You've done the work and sent the bill, but haven't been paid. What do you do? Joshua Wurtzel at Schlam Stone offers recommendations on how lawyers — from solo practitioners to BigLaw partners — can avoid leaving significant receivables on the table from clients who have the ability to pay.

  • How Lawyers Can Benefit From TikTok Without Being 'Cringe'

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    TikTok should be on every attorney's radar as a digital branding opportunity, but it's important to understand the app and some best practices before diving in, says Cecillia Xie at Yale University.

  • Must Your Client Pay An Opponent's Expert For Prep Time?

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    For parties seeking discovery from an opponent's expert, the law on compensating the expert for preparation time is not settled, and in certain jurisdictions, there are strong arguments that favor avoiding or at least limiting such fee shifting, say Gregory Ruehlmann and Nicholas Mecsas-Faxon at King & Spalding.

  • Opinion

    Bar Exam Policies On Menstruation Still Fall Short

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    While many states have taken steps to address long-standing and problematic bar exam policies on menstruation and menstrual products, the changes do not go far enough to remove the continued disadvantages menstruating test takers face, highlighting the need for comprehensive and quick action ahead of this month's exams, say law professors Margaret Johnson, Elizabeth Cooper and Marcy Karin.

  • Twitter V. Musk Is Starting To Look Like A Cautionary M&A Tale

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    In filing a lawsuit claiming Elon Musk knowingly signed a one-sided agreement that favored Twitter, the social media giant has opened itself up to renewed scrutiny of its own conduct, a move that may provide lessons for future merger disputes, says Douglas Smith at Aurelius Law.

  • Challenging Times May Be Ahead For Venture Capital Industry

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    Market uncertainties and variation in valuation practices suggest that the venture capital industry may face a potentially tightening regulatory environment and increased litigation ahead, and stakeholders will need to navigate these complexities in a less forgiving market, say Nguyet Nguyen and Julia Zhu at The Brattle Group.

  • Keys To Crafting Hybrid Work Policies At Law Firms

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    As law firms embrace hybrid work as a middle ground in a post-pandemic world, work arrangement policies that are built on a foundation of trust and that prioritize lawyers' autonomy over their schedules will give firms an edge in the war for talent, says Alyson Galusha at VOYlegal.

  • Your AI Program Probably Isn't A Person In A Court Of Law

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    Artificial intelligence developers will likely continue to claim AI programs deserve legal rights, after a former Google engineer recently hired a lawyer for AI he worked on, but courts have traditionally been unreceptive to arguments that nonhumans have legal capacity, says Evan Louis Miller at McManis Faulkner.

  • A Close Look At The Decentralized Effort To Tax Digital Assets

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    Clarity on taxation is one of the biggest hurdles to mass adoption of cryptocurrency, and although digital asset innovation has consistently outpaced worldwide government regulation, recent efforts in the U.S. and elsewhere hint at an emerging standard, says Joshua Smeltzer at Gray Reed.

  • Tips For Handling Audio Data In E-Discovery Post-Pandemic

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    The rise of remote meetings during the COVID-19 pandemic has boosted the volume and importance of audio data in e-discovery — so organizations in highly regulated industries must collect and process that data, and establish complex strategies to manage their audio records, says Jack Bullen at FTI Consulting.

  • Adapting To SEC's Heightened Scrutiny Of Private Funds

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    In light of the U.S. Securities and Exchange Commission's increasing focus on enhancing market transparency in the private fund industry, investment advisers should consider making five changes to their compliance protocols to account for likely regulatory changes and shifting investor attitudes, say Jaclyn Grodin at Goulston & Storrs and Joel Cohen at Stout Risius.

  • Stress-Testing A Real Estate JV Ahead Of New Challenges

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    In the face of potential economic headwinds, sponsors and capital partners should reexamine existing real estate joint venture agreements and pay particular attention to the concepts of capital contributions and control, say Daniel Guggenheim and Michael Soejoto at Mintz.

  • Strategies For Effectively Marketing Law Firm ESG Practices

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    As law firms increasingly launch stand-alone environmental, social and corporate governance practices amid rising client demands, they should consider new marketing and client development practices that illuminate their capabilities as well their own sustainability and ethics-related initiatives, says Elle Walch at Ball Janik.

  • Agreement Among Litigants Key To Using E-Discovery Tech

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    Parties are increasingly using e-discovery technologies to control costs, but as a New York federal court order in Actos Antitrust Litigation shows, a well-drafted, negotiated protocol allows them to address potential objections prior to use and helps protect against later claims of incomplete production, say attorneys at McGuireWoods.

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