Warner Stockholders Back $110B Paramount Skydance Deal

By Al Barbarino

Warner Bros. Discovery Inc.'s shareholders voted to approve the planned $110 billion sale to Paramount Skydance Corp. at a meeting on Thursday. 

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CMA Eyes Joint Venture's $2.7B Deal For Substantial Group

By Dawood Fakhir

The competition regulator said Thursday that it is seeking views on how the Nexfibre joint venture's $2.7 billion acquisition of Substantial Group, the second-largest alternative fiber provider in the U.K., could harm competition in the country.

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FTC Cuts Deal To End Anesthesia Group Rollup Case

By Matthew Perlman

The Federal Trade Commission reached an agreement Thursday to settle its case accusing U.S. Anesthesia Partners Inc. of monopolizing the Texas anesthesia services market by purchasing most of the competing anesthesia practices in the state.

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CMA Seeks Views On EBay's $1.2B Depop Buy From Etsy

By Dawood Fakhir

Britain's competition watchdog said Thursday that it is seeking views from interested parties on how eBay's planned $1.2 billion acquisition of Depop, an online marketplace for used apparel, could affect competitiveness in the country.

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Spirit In 'Advanced' Talks With Gov't For Ch. 11 Financing

By Clara Geoghegan

Spirit Aviation is in "very advanced discussions" on a government-funded financing package after the war in Iran derailed its second Chapter 11's plans, one of the budget airline's attorneys said at a Thursday bankruptcy hearing in New York.

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T-Mobile Tie-Up, Boots IPO Among Week's Top Deal Rumors

By Al Barbarino

Deutsche Telekom AG could merge with its American arm T-Mobile to create a global phone giant, digital bank Revolut envisions a $200 billion valuation for its potential initial public offering in 2028, and the owners of U.K. pharmacy chain Boots consider a public offering of their own. 

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Burtech's 2nd SPAC Eyes $100M IPO To Launch Deal Hunt

By Nate Beck

A blank-check company targeting industries such as hospitality, technology and real estate to raise up to $100 million in an initial public offering advised by Loeb & Loeb LLP, Norton Rose Fulbright LLP and Ogier.

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Cathay Bank Says Macquarie Hid $100M DTG Rival Acquisition

By Rachel Riley

Cathay Bank sued Macquarie's asset management arm and the former executives of recycling company DTG Enterprises in Washington federal court Wednesday, claiming they tricked lenders into backing a $540 million buyout by misrepresenting DTG's financial viability and concealing a plan to acquire its largest competitor for $100 million.

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Car Parts Co.'s Acquisition Integration Failed, Investors Say

By Sydney Price

Auto parts distributor LKQ Corp. has been hit with a proposed class action in Tennessee federal court accusing it of concealing that a 2023 acquisition harmed LKQ's ability to meet its financial growth goals.

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Meta Defends Toss Of Consumer Antitrust Case At 9th Circ.

By Matthew Perlman

Meta told the Ninth Circuit a lower court was right to find no support for an expert's theory that Facebook would have paid users $5 a month for using the service if it didn't misrepresent its privacy and data practices.

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5-Hour Energy Founder Blasts Fired Exec's Severance Claims

By Pete Brush

Billionaire energy drink mogul Manoj Bhargava told a Manhattan federal jury Thursday that he fired an executive from a publishing business he bought because the executive helped run it "into the ground" — pushing back against the man's severance claims.

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Carbon Health Floats $100M Credit Bid To Hedge Plan Fight

By Ben Zigterman

Bankrupt urgent care facility operator Carbon Health Technologies Inc. proposed in Texas court a $100 million credit bid sale from its prepetition lender, saying it is still pursuing its Chapter 11 reorganization plan but that opposition from its unsecured creditors is leading to ballooning administrative costs.

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OFAC Signals Sanctions Diligence Can't Stop At 50% Rule

Recent guidance from the Office of Foreign Assets Control, along with several enforcement actions looking beyond the 50% formal ownership requirement, sends a clear message that sanctions due diligence must consider a variety of factors, including degree of control, practice of actual dealings and the involvement of proxies, say attorneys at Jenner & Block.

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Series

Officiating Football Makes Me A Better Lawyer

Though they may seem to have little in common, officiating football has sharpened many of the same skills that define effective lawyering in management-side labor and employment: preparation, judgment, composure, credibility and ability to make difficult decisions in real time, says Josh Nadreau at Fisher Phillips.

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DLA Piper Clears Vote To End Verein, Unify Leadership

By Tracey Read

DLA Piper announced Friday that firm partners on both sides of the Atlantic have "overwhelmingly approved" a plan to dissolve its Swiss verein structure effective May 1.

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Exclusive

Judge Albright Reflects On 8 Years Shaping Patent Law

By Dani Kass

U.S. District Judge Alan Albright will be walking away from the Western District of Texas at the end of the summer, ready to head back into patent litigation work. He talked with Law360 on Friday about the rockier elements of his judgeship and lessons he'll take into private practice.

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Commerce Department's General Counsel Departs

By Christine DeRosa

The U.S. Department of Commerce's general counsel has left the agency after just over a year, the agency confirmed on Friday.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

In what may be a first, a federal judge has ordered BJ's Wholesale Club to put an investor's climate-related proxy proposal up for a vote of the shareholders at the company's annual meeting. And a new study shows that more in-house counsel are staying in place despite pay increases slowing amid less competition for talent.

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Law360's Legal Lions Of The Week

By Kevin Penton

Consovoy McCarthy PLLC, Butler Prather LLP, Bowen Painter LLC and Cannella Snyder LLC lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court ruled that Fluor Corp. can be held liable for a veteran's state-based injury claims stemming from a 2016 suicide bombing in Afghanistan.

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

By Laura Stewart Liberty

The past week in London has seen a Hong Kong company sue the government and a COVID-19 PPE company linked to Tory peer Michelle Mone, an oligarch bring a fresh claim against a rival in a long-running feud, a rugby league club sue over a canceled mass dance event, and Visa and Mastercard hit with legal action from H&M, Eurostar, and Bang & Olufsen. Here, Law360 looks at these and other new claims in the U.K.

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Oregon Lawyer Ordered To Pay Attorney Fees For Use Of AI

By Matt Perez

An Oregon attorney was sanctioned by a state appellate court for filing a brief containing a fabricated list of authorities because she used generative artificial intelligence, marking the first case in the jurisdiction to present the option of awarding attorney fees as a sanction as opposed to fines payable to the court.

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Akin Can't 'Recast' Appeal As Good-Faith Effort, 9th Circ. Told

By Lauren Berg

A European winemaker slammed attempts by a U.S. importer and its Akin Gump Strauss Hauer & Feld LLP attorneys to "recast a frivolous appeal as a good-faith effort," saying they should have to pay monetary sanctions for pursuing what the Ninth Circuit called a "self-indulgent" appeal of a valid arbitration award.

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Atty, Brother Say Father's Last Will Altered In Secret

By Emily Sawicki

A Blank Rome LLP attorney and his brother have sued the attorney who executed their father's will in New Jersey federal court, alleging the lawyer preyed on their ailing father toward the end of his life to alter his beneficiaries through undue influence, forgery and fraud.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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