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Data center operator CSquare Inc. has filed plans with the U.S. Securities and Exchange Commission for its initial public offering, steered by Paul Weiss Rifkind Wharton & Garrison LLP and Latham & Watkins LLP.
The co-founder of a capital firm wants a Connecticut state judge to lift an order that allows for a hold on $10.36 million worth of his assets in favor of an investment bank that accused him of involvement in a securities fraud scheme, noting that the underlying verdict was overturned on appeal.
A former stockholder of Jamf Holding Corp. has sued in Delaware Chancery Court seeking access to company records tied to the software company's $13.05-per-share sale to private equity firm Francisco Partners, arguing the documents are needed to investigate whether conflicts of interest tainted the deal process.
Bass Berry & Sims PLC is advising Arcline Investment Management on a $272 million deal to take Foley Hoag LLP-advised aerospace and industrial printing company AstroNova Inc. private, the companies said Wednesday.
Quantum technology company EigenQ Inc., advised by Ellenoff Grossman & Schole LLP, on Wednesday unveiled plans to go public by merging with Greenberg Traurig LLP-led special purpose acquisition company Silicon Valley Acquisition Corp. in a deal that values the business at $3 billion.
Align Capital Partners, advised by Kirkland & Ellis LLP, on Tuesday revealed that it closed its two latest funds after securing a combined $1.1 billion of investor commitments.
Kirkland & Ellis LLP-advised private equity shop Clearlake Capital Group LP on Tuesday revealed it had closed its eighth flagship fund with $14.8 billion in tow, targeting investments in the artificial intelligence, software modernization, digital transformation and operational efficiency sectors.
Skadden Arps Slate Meagher & Flom LLP has hired three former lawyers from Akin Gump Strauss Hauer & Feld LLP who will work with investment management clients in Abu Dhabi and Washington, D.C., according to a Tuesday announcement.
Yum Brands said Tuesday it has agreed to sell Pizza Hut in two transactions valued at about $2.7 billion in total, with private equity firm LongRange Capital acquiring the business outside mainland China and Yum China Holdings buying the China operations.
A Florida judge has denied a second bid to depose U.S. Secretary of Commerce Howard Lutnick in the lawsuit over the delayed public offering of President Donald Trump's social media website, ruling that the court has no jurisdiction over the Cabinet official because he's not a party to the action.
Elon Musk's SpaceX disclosed Tuesday that it has agreed to acquire Anysphere Inc., the developer of artificial intelligence coding assistant Cursor, in an all-stock transaction valuing the company at about $60 billion.
The Sixth Circuit on Monday upheld a $750 million judgment and a separate $20 million contempt ruling against the owner of an auto parts manufacturer in a 24-year-old fight over a defaulted loan, ruling that the mogul must "pay up."
With a limited number of major professional sports teams for sale and astronomical valuations leaving a high barrier to entry, experts say college sports and emerging leagues are providing opportunities for private investment, and the rapidly shifting rules are creating compliance challenges for attorneys.
U.S. Sen. Elizabeth Warren is seeking information from several major private equity firms about their involvement in artificial intelligence data center development and operations, saying the increasing number of data centers across the country is putting pressure on American families and driving up utility costs.
Canadian wine company Andrew Peller Ltd. on Monday announced plans to go private after being acquired by Fairfax Financial Holdings Ltd. in a deal built by three law firms and boasts an enterprise value of CA$579 million ($414.9 million).
Aerospace engine maker Doncasters Group on Monday outlined plans to raise around $700 million in its initial public offering led by White & Case LLP and Davis Polk & Wardwell LLP.
Kirkland & Ellis LLP-advised private equity shop Abry Partners on Monday announced that it wrapped fundraising on a $780 million continuation vehicle, which will be used to further its partnership with healthcare technology company Centauri Health Solutions.
The administrator for bankrupt cryptocurrency company Terraform Labs has urged a New York federal court not to dismiss his suit against trading firm Jane Street over claims the firm used confidential information to profit from Terraform's collapse, arguing that it is liable as an insider and a tippee.
A Ninth Circuit panel refused to revive a consumer lawsuit challenging Kroger's since-blocked purchase of Albertsons, agreeing with a district court that the deal's abandonment renders the suit moot and the consumers have no claim to attorney fees as victors in wins scored by government enforcers.
The University of Utah made its partnership with Otro Capital official Friday — marking the first time an individual institution of higher education has reached an investment agreement with a private equity firm for athletic department operations — in a deal counseled by Covington & Burling LLP and Ray Quinney & Nebeker PC for the university and Kirkland & Ellis LLP and Gibson Dunn & Crutcher LLP for Otro Capital.
After enlisting a crew of experienced attorneys, defendants charged in an insider trading case allegedly involving deal information stolen from huge law firms are preparing to use a strategy that could take some cues from the "Varsity Blues" case in the same Boston courthouse.
BIG3's legal adviser Ellenoff Grossman & Schole LLP and Graf Global Corp.'s counsel White & Case LLP are guiding a deal that will take professional 3-on-3 basketball league BIG3 public through a merger with the special purpose acquisition company, the parties said Friday.
In this week's Taxation With Representation, SpaceX prices a $75 billion initial public offering at its designated price range, Apollo Global Management leads a capital commitment for a Broadcom initiative to build artificial intelligence infrastructure for companies including Anthropic, and pharma giant GSK acquires cancer therapy specialist Nuvalent.
Insurers for the failed Silicon Valley Bank are not entitled to a quick win in a $73 million fraud coverage dispute, the bank and its receiver told a North Carolina federal court, saying the carriers' interpretation of the financial institution bonds' extended forgery provision is not supported by policy language.
Hunton Andrews Kurth LLP is advising Crowe LLP on a nearly $3 billion deal to sell a stake in its business to private equity firm KKR, with Mayer Brown LLP advising the accounting firm's board and Kirkland & Ellis LLP representing KKR.
Opinion
A federal agency's absence from national and local bar conferences, most recently illustrated by the U.S. Department of Justice's withdrawal from a New York City Bar Association white collar conference, disserves the bar, the government lawyers themselves and, ultimately, the administration of justice, says Muhammad Faridi at Linklaters.
Both billing for hours saved using artificial intelligence and preserving billable time by not adopting AI may violate rules of professional conduct, but until bar associations' ethics rules catch up to this emerging economic dilemma, firms must decide how to adjust fee structures themselves, says Ines Lassalle at Peyrot & Associates.
The U.S. Supreme Court's recent decision in Sripetch v. U.S. Securities and Exchange Commission held that the SEC need not prove pecuniary harm for disgorgement, but if the commission must still identify victims and distribute funds in a compensatory way, it faces the same economic problem as before the ruling, says Erin Smith at Compass Lexecon.
The rollout of the Uniform Commercial Code's Article 12 is transforming digital asset secured lending, forcing lenders and obligors to rethink diligence, control, custody, monitoring and contract terms, as well as collateral practices and financing structures, as jurisdictions continue to adopt the amendments, say attorneys at Lowenstein Sandler.
Following the U.S. Securities and Exchange Commission's recent order permitting an accelerated offering period for certain tender offers, attorneys at Wilson Sonsini discuss key considerations for M&A transactions, addressing eligibility, pros and cons, and how a minimum offering period as short as 10 days may operate in practice.
Following the Supreme Court's Sripetch v. U.S. Securities and Exchange Commission decision, investor harm isn't required for the SEC to obtain a disgorgement award, but future cases must resolve whether the commission will be freed from a requirement to distribute disgorged funds to the victims of alleged misconduct, says Daniel Walfish at Katsky Korins.
Series
Moving an unwilling 800-pound cow while riding a horse at high speed is exhilarating, a little unhinged and, at least for me, a surprisingly effective training ground for litigation — both demand focus, preparation over rigid planning and the willingness to act despite fear, says Ashley Zitrin at Glenn Agre.
The recent California federal court decision in PowerSchool, where Bain Capital was unable to dismiss claims relating to a data breach based in part on Bain's preinvestment activities, is an important addition to the line of cases addressing investor liability for acts of a portfolio company, says Mark Kelley at MoloLamken.
While the U.S. Supreme Court’s recent decision in Sripetch v. U.S. Securities and Exchange Commission avoided placing new limits on the SEC’s disgorgement powers, it passed over several questions, including whether the commission can seek disgorgement when returning the money to investors isn't possible, says David Slovick at Kopecky Schumacher.
A handful of recent federal and state cases demonstrate the importance of checking for errors generated by artificial intelligence not only in your own court submissions, but also your opponent's, as well as when catching opposing counsel's AI mistakes could result in an award for attorney fees, says Tamara Barago at Hollingsworth.
Opinion
The U.S. Securities and Exchange Commission's recent changes to how it notifies companies of a potential enforcement action fail to address what happens after the Wells process is over, highlighting the need for meaningful process reform that includes a formal closure determination, says Kimble Cannon at Mahdavi Bacon.
Series
Launched more than 20 years ago to improve complex corporate adjudication, Maryland's Business and Technology Case Management Program has been a solid success in some areas, but there always is room for improvement, says Bill Krulak at Miles & Stockbridge.
The Securities and Exchange Commission's recent rescission of the so-called gag rule, which forbade defendants in settlements from denying the SEC’s allegations, may sway the outcome of a petition to the Supreme Court in a case challenging the rule on First Amendment grounds, say attorneys at Troutman.
Growing stress in private credit markets means banks with warehouse lines to nonbank lenders should inventory exposures, revisit covenants and prepare for tougher regulator scrutiny, as repayment strains and weakening fund liquidity could turn seemingly indirect risks into material compliance concerns, say attorneys at Barack Ferrazzano.
A California federal jury's conviction this week of Citron founder Andrew Left may be remembered less as a conventional manipulation prosecution than as a case about how far the "half-truth" doctrine can reach when applied to modern market speech, says Elisha Kobre at Sheppard.
