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Mergers & Acquisitions
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June 24, 2025
Twitter Investors Seek Class Cert. In Suit Against Musk
Shareholders of the social media company formerly known as Twitter have asked a New York federal judge to certify their proposed class in a suit accusing Elon Musk of failing to timely disclose his purchase of company stock back when it was publicly traded.
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June 24, 2025
D&O Insurer Must Cover Investor In Merger Dispute
A directors and officers liability insurer had a duty to defend and indemnify a venture capital investor in a now-resolved lawsuit over the sale of a company immediately after a merger, a California federal court ruled, finding a dilution-of-shares exception in an exclusion applicable.
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June 24, 2025
V&E Adds Investment, Finance Trio In NY, Texas
Vinson & Elkins LLP has brought on three new partners to strengthen its investment management and finance practices.
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June 24, 2025
CMA Outlines Potential Fixes For Google Search In UK
Britain's competition authority on Tuesday proposed applying the country's new digital markets regime to Google's search service and said it is considering potential interventions, including requiring choice screens and setting rules for search rankings.
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June 24, 2025
A Midyear Review: Healthcare Dealmaking Trends Of 2025
极速赛车 Healthcare Authority reviews key trends that helped shape dealmaking activity in the healthcare industry so far this year.
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June 24, 2025
Amundsen Davis Guiding First Financial On Westfield Buy
Amundsen Davis LLC is advising First Financial Bancorp on a new agreement to purchase Westfield Bancorp for $325 million, while SquirePatton Boggs (US) LLP is representing the seller, Westfield parent Ohio Farmers Insurance Co.
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June 24, 2025
Volvo Sells Construction Unit To Chinese Rival For $839M
Swedish motor giant Volvo Group said Tuesday that its construction equipment subsidiary has agreed to sell its Chinese business to Lingong Group for 8 billion Swedish kronor ($839 million).
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June 24, 2025
Job Search Site Monster Hits Ch. 11 With 3 Initial Bidders
The company behind job search website Monster.com filed for bankruptcy Tuesday, listing over $100 million in liabilities and saying in a news release that it has three stalking horse bidders for various assets lined up.
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June 23, 2025
FTC Puts Viewpoint Commitments In Ad Agency Mega-Deal
The Federal Trade Commission said Monday it will allow Omnicom to move ahead with its planned $13.5 billion deal for Interpublic after the marketing giants agreed not to work with others to steer advertisers away from publishers based on their political viewpoints.
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June 23, 2025
Trump SPAC's Ex-CEO Fights Alleged $1.5M Fee Holdback
A former CEO of President Donald Trump-tied Digital World Acquisition Corp. on Monday filed an application seeking聽payment of more than $1.5 million in legal fee advancements, alleging聽in Delaware Chancery Court improper withholdings聽by the company despite earlier commitments to cover eligible costs.
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June 23, 2025
Trump Media Authorizes $400M Share Repurchase
Trump Media and Technology Group Corp., the owner of President Donald Trump's social media platform, said Monday it has authorized buying back up to $400 million of its shares, marking the company's latest cash management strategy.
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June 23, 2025
Fubo Streamers Demand Own Attys In Disney Suit Settlement
Subscribers to the Fubo streaming service asked a California federal judge to name them and their attorney the leads in the recent proposed settlement with Disney over the carriage fees for its sports streaming service, and to be "wary" of a motion to appoint the attorney for the two other classes of streaming customers as lead counsel.
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June 23, 2025
Shift4聽Buying New Zealand Fintech Smartpay聽In $180M Deal
Allentown, Pennsylvania-based payments company Shift4 has agreed to acquire Smartpay, an independent provider of payment processing solutions in Australia and New Zealand, for NZ$296.4 million ($180 million).
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June 23, 2025
NFL Jets Owner Nabs Stake In Crystal Palace In $254M Deal
British Premier League team Crystal Palace F.C., advised by Sidley Austin LLP, on Monday confirmed that the NFL's New York Jets' co-owner Robert "Woody" Johnson, led by Proskauer Rose LLP, has amassed a stake in the Selhurst, South London-based team.
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June 23, 2025
Catching Up With Delaware's Chancery Court
The Delaware Supreme Court reversed a year-old $199 million judgment against TransCanada in a suit challenging a merger that occurred nearly a decade ago, Aspen Technology Inc. was hit with another suit over its pending $7.2 billion merger with Emerson Electric, and Nielson Holdings Ltd. secured a temporary restraining order against its spinoff. In case you missed it, here's the latest from the Delaware Chancery Court.
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June 23, 2025
Wealthfront Joins IPO Pipeline With Confidential Filing
Digital wealth management firm Wealthfront Corp. said Monday that it confidentially filed for an initial public offering, marking a first step toward going public as more technology firms join a recovering IPO pipeline.
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June 23, 2025
Weil Gotshal Hires Akin Gump Tax Partner In NY
Weil Gotshal & Manges LLP announced Monday the hiring of a partner at Akin Gump Strauss Hauer & Feld LLP as a tax partner out of Weil's New York office.
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June 23, 2025
Illumina To Buy SomaLogic For Up To $425M
Biotechnology company Illumina Inc. on Monday announced plans to acquire data-driven proteomics technology company SomaLogic from its parent Standard BioTools for up to $425 million in a deal built by three law firms.
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June 23, 2025
Mayer Brown Brings On Ex-Athene Atty For Insurance Team
Mayer Brown said Monday that it added a former counsel for retirement services company聽Athene to its Chicago office, where he will serve as a partner in the firm's corporate and securities practice and global insurance industry group.
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June 23, 2025
4 Firms Build $1B Bitcoin SPAC Merger
Bitcoin-native financial services firm ProCap BTC, which is led by American investor and entrepreneur Anthony Pompliano, on Monday announced plans to go public through a merger with special purpose acquisition company Columbus Circle Capital Corp. I in a deal built by four law firms that will create a combined business with up to $1 billion in bitcoin on its balance sheet.
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June 23, 2025
Gibson Dunn, Cleary Guide $1.77B C&S-SpartanNash Deal
C&S Wholesale Grocers will acquire grocery distributor and retailer SpartanNash in a $1.77 billion all-cash deal, the companies said in a joint statement Monday, with Gibson Dunn and Cleary serving as legal counsel to the buyer and seller, respectively.
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June 23, 2025
Assura Backs PHP's Sweetened 拢1.79B Takeover Bid
Primary Health Properties said Monday it has won Assura PLC's support for its takeover bid by increasing its offer for the company to approximately 拢1.79 billion ($2.34 billion), seeing off a rival bid from private equity firms KKR and Stonepeak.
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June 23, 2025
Getty-Shutterstock $3.7B Merger Faces UK Scrutiny
Britain's antitrust watchdog said Monday that it is looking into the proposed merger of Getty Images Holdings Inc. and Shutterstock Inc. to create a $3.7 billion visual content company, to decide if it will harm competition in U.K. markets.
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June 23, 2025
Spectris Backs 拢3.8B Advent Offer, KKR Mulls Rival Bid
British high-tech instruments manufacturer Spectris said Monday that it has backed a 拢3.8 billion ($5.1 billion) takeover offer from U.S. private equity company Advent as rival shop KKR mulls throwing its hat into the ring.
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June 23, 2025
Eni To Sell 20% Stake In Energy Unit To Ares For 鈧2B
Eni SpA said Monday that it has agreed to sell 20% of its Italian retail and renewable energy business Plenitude to affiliates of U.S. alternative investment manager Ares Management Corp. for about 鈧2 billion ($2.3 billion).
Expert Analysis
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Mentorship Resolutions For The New Year
Attorneys tend to focus on personal achievements or career milestones when they set yearly goals, but one important area often gets overlooked in this process 鈥 mentoring relationships, which are some of the most effective tools for professional growth, say Kelly Galligan at Rutan & Tucker and Andra Greene at Phillips ADR.
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PE Strategies To Manage Adjacent Portfolio Firm Conflicts
A variety of tools can mitigate potential risk for a private equity director sitting on the board of directors of multiple companies, including the disclosure of potential conflicts in fundraising documents to help mitigate risk under the securities laws, says Michael Kendall at Goodwin.
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Series
Coaching Little League Makes Me A Better Lawyer
While coaching poorly played Little League Baseball early in the morning doesn't sound like a good time, I love it 鈥 and the experience has taught me valuable lessons about imperfection, compassion and acceptance that have helped me grow as a person and as a lawyer, says Alex Barnett at DiCello Levitt.
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5 Litigation Funding Trends To Note In 2025
Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital.
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How FTC Sent A $5.6M Warning Against Jumping The Gun
The Federal Trade Commission's recent record $5.6 million "gun jumping" action against Verdun Oil, for allegedly exerting control over EP Energy before the mandatory waiting period under U.S. antitrust law expired, warns companies that they must continue to operate independently during review, say attorneys at Ballard Spahr.
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Rethinking Litigation Risk And What It Really Means To Win
Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance.
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Mass Arbitration Procedures After Faulty Live Nation Ruling
Despite the Ninth Circuit's flawed reasoning in Heckman v. Live Nation, the exceptional allegations of collusive conduct shouldn't be read to restrict arbitration providers that have adopted good faith procedures to ensure that consumer mass arbitrations can be efficiently resolved on the merits, says Collin Vierra at Eimer Stahl.
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Forecasting The Future Of The FTC Post-Inauguration
The incoming Federal Trade Commission leadership's agenda, which is expected to be in sharp contrast with the Biden administration's enforcement posture, will be noticeable right away in the first few weeks of the Trump administration, say attorneys at Cooley.
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US-China Deal Considerations Amid Cross-Border Uncertainty
With China seemingly set to respond to the incoming U.S. administration's call for strategic decoupling and tariffs, companies on both sides of the Pacific should explore deals and internal changes to mitigate risks and overcome hurdles to their strategic plans, say attorneys at Covington.
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Series
Playing Rugby Makes Me A Better Lawyer
My experience playing rugby, including a near-fatal accident, has influenced my legal practice on a professional, organizational and personal level by showing me the importance of maintaining empathy, fostering team empowerment and embracing the art of preparation, says James Gillenwater at Greenberg Traurig.
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Nippon, US Steel Face Long Odds On Merger Challenge
Following the Committee on Foreign Investment in the United States' review of Japan's Nippon Steel's proposed acquisition of U.S. Steel, the companies face a formidable uphill battle in challenging the president's exercise of authority to block the deal on national security grounds, say attorneys at Kirkland.
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Opinion
No, Litigation Funders Are Not 'Fleeing' The District Of Del.
A recent study claimed that litigation funders have 鈥渇led鈥 Delaware federal court due to a standing order requiring disclosure of third-party financing, but responsible funders have no problem litigating in this jurisdiction, and many other factors could explain the decline in filings, say Will Freeman and Sarah Tsou at Omni Bridgeway.
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5 E-Discovery Predictions For 2025 And Beyond
In the year to come, e-discovery will be shaped by new and emerging trends, from the adoption of artificial intelligence provisions in protective orders, to the proliferation of emojis as a source of evidence in contemporary litigation, say attorneys at Littler.
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Best Practices To Find Del. Earnout Provisions That Hold Up
Recent Delaware earnout litigation illustrates the need for careful drafting and proactive planning to avoid later divergent interpretations of the signed contract, and a series of drafting tips can help, say attorneys at Cozen O'Connor.
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What 2024 Tells Us About Calif. Health Transaction Reviews
Looking back at the California Office of Health Care Affordability's first year accepting notices for material healthcare transactions reveals critical lessons on what the OHCA's review process may mean for the future of covered transactions in the state, say attorneys at Ropes & Gray.