Energy Capital Partners has amassed $6.7 billion for its latest fund and co-investment vehicle and has also struck an agreement to buy Atlantica Sustainable Infrastructure for $2.6 billion, according to statements Tuesday. 
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WEDNESDAY, MAY 29, 2024 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Energy Capital Raises $6.7B, Inks $2.6B Atlantica Acquisition

By Al Barbarino

Energy Capital Partners has amassed $6.7 billion for its latest fund and co-investment vehicle and has also struck an agreement to buy Atlantica Sustainable Infrastructure for $2.6 billion, according to statements Tuesday. 

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V&E, Sidley Austin Build $3.25B Sale Of WTG Midstream

By Jade Martinez-Pogue

Vinson & Elkins LLP-advised Energy Transfer on Tuesday announced plans to purchase privately held midstream company WTG Midstream, advised by Sidley Austin LLP, in a deal valued at roughly $3.25 billion.

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CSG Ups Bid For Vista's Sporting Biz To $1.96B

By Jade Martinez-Pogue

Vista Outdoor Inc. on Tuesday announced that Czech defense company Czechoslovak Group AS increased its offer to purchase Vista's sporting products division to $1.96 billion, while the outdoor products company also noted it had rejected a $3 billion takeover bid from Dallas-based investment firm MNC Capital.

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Exxon Investor Broadens Promise To Nix Climate Proxy Bid

By Sarah Jarvis

An activist investor sued by Exxon Mobil Corp. over a now-withdrawn shareholder proposal concerning climate change has again called on the oil giant to withdraw its suit after broadening its previous promise not to resubmit the proposal in the future.

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DEALS

5 Firms To Steer Pair Of Large IPOs That Could Net $1.8B Total

By Tom Zanki

Private-equity backed hospital billing firm Waystar Holding Corp. and aluminum recycling giant Novelis Inc. on Tuesday launched plans for two initial public offerings that could raise an estimated $1.8 billion combined, guided by five law firms, potentially testing the strength of the IPO market's recovery.

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TransDigm Buys Fellow Aerospace Biz In $655M Cash Deal

By Jade Martinez-Pogue

Aerospace company TransDigm Inc., advised by BakerHostetler, on Tuesday unveiled plans to acquire Vedder Price PC-led Raptor Scientific for $655 million in cash.

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Latham Leads Bridgepoint To Buy Intranet Co. For $650M

By Tom Fish

Private investor Bridgepoint Group PLC said on Tuesday that its fund has agreed to fully buy out LumApps, a French intranet provider, from its four backers for a total of $650 million, as the British company seeks a slice of the growing technology sector.

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Paul Hastings Steers Oakley Capital In ProductLife Investment

By Irene Madongo

Oakley Capital Investments, a listed investment trust that invests in the funds of private equity investor Oakley Capital, said it will indirectly invest an anticipated approximately £41 million ($52.4 million) into compliance services provider ProductLife Group.

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LITIGATION

Chancery Finds Ex-CEO Owed $79M For Share Lockup Losses

By Isaac Monterose

The former CEO of a 3D building imaging company is owed more than $79 million in damages in his share value suit against the company, but not the more than $141 million he sought, the Delaware Chancery Court ruled Tuesday.

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Wash. Justices Doubt Atty's Response In Disbarment Case

By Rachel Riley

Washington State justices were skeptical Tuesday of an appeal from an attorney facing disbarment who asserts that he did nothing wrong in response to misconduct allegations including that he embezzled from investors in a failed venture to build a cannabis industrial park.

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Chancery Tosses Some Computing Co. Deal Breach Claims

By Jeff Montgomery

Delaware's Court of Chancery on Tuesday thinned out the tangled technology investor brawl that emerged from Quantum Computing Inc.'s acquisition of QPhoton LLC in May 2022, dismissing individual parties from the case and narrowing claims against the two companies.

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Catching Up With Delaware's Chancery Court

By Leslie A. Pappas

Delaware Court of Chancery watchers shifted their focus last week from the courtroom to Dover's legislative hall, as proposed amendments to Delaware's corporate code were finally introduced to state lawmakers. Hearings, decisions and reversals involved Kraft-Heinz, AMC Entertainment and the merger of cryptocurrency companies BitGo and Galaxy. In case you missed it, here's the latest from Delaware's Chancery Court.  

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BANKRUPTCY

Snubbed ConvergeOne Creditors Appeal Ch. 11 Plan

By Alex Wittenberg

A group of ConvergeOne lenders that claim the information technology company's reorganization plan unfairly advantages rival creditors has appealed a Texas bankruptcy judge's recent ruling approving the Chapter 11 deal, asking a district court to stay the decision while it challenges what it called an "exclusive" rights offering underlying the plan.

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PEOPLE

Baker McKenzie Adds M&A, Private Equity Head From O'Melveny

By Xiumei Dong

Baker McKenzie said Tuesday it has hired the head of the mergers and acquisitions and private equity practices from O'Melveny & Myers LLP to serve as the new co-head of its transactional group in New York.

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EXPERT ANALYSIS

How Attys Can Avoid Pitfalls When Withdrawing From A Case

The Trump campaign's recent scuffle over its bid to replace its counsel in a pregnancy retaliation suit offers a chance to remind attorneys that many troubles inherent in withdrawing from a case can be mitigated or entirely avoided by communicating with clients openly and frequently, says Christopher Konneker at Orsinger Nelson.

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LEGAL INDUSTRY

Coverage Recap: Day 1 Of Deliberations In Trump's NY Trial

By Stewart Bishop

Law360 reporters are providing live updates from the Manhattan criminal courthouse as Donald Trump goes on trial for allegedly falsifying business records related to hush money payments ahead of the 2016 election. Here's a recap from the first day of deliberations Wednesday.

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From Virtual Roots, Husch Blackwell To Grow Nashville Office

By Aebra Coe

After hiring eight attorneys based in Nashville, Tennessee, through its fully remote Link office over the past year, Husch Blackwell announced plans Wednesday to open a brick-and-mortar location in the city, to be led by intellectual property partner Tim Capria.

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Interview

6 Questions For FCC Commissioner Anna Gomez

By Christopher Cole

A year after she was nominated for the Federal Communications Commission's third Democratic seat, Anna Gomez says she's steadily progressing toward goals tied to connectivity, innovation, public safety and media localism in what she calls the "best job I've had in my career."

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More Law Firms Are Relocating, Signing New Leases In 2024

By Dorothy Atkins

More law firms have relocated or renewed their office leases in the first quarter of 2024 than during the same period over the last four years, continuing a post-pandemic trend that began late last year as more firms made moves, according to a recent report by real-estate services company Savills.

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Whistleblower Counsel Can't Get 'Exorbitant' $11.5M Fee

By Brian Dowling

A Boston federal judge slashed an "exorbitant" $11.5 million fee request made by counsel for a False Claims Act whistleblower in a case involving lab testing company Fresenius Medical Care, hammering the attorneys for inflated hourly rates, inflated time entries and a host of questionable billing practices.

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Alito Won't Recuse From Jan. 6 Cases Over Flag Controversy

By Katie Buehler

U.S. Supreme Court Justice Samuel Alito announced Wednesday that he will not recuse himself from deciding cases related to the Jan. 6, 2021, riot at the U.S. Capitol or former President Donald Trump's criminal immunity following reports that two flags used by protestors of Trump's 2020 election loss were flown outside his houses.

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Menendez Trial Judge Sticks With Order Barring Texts

By Carla Baranauckas

The federal judge presiding over the corruption trial of U.S. Sen. Robert Menendez announced Wednesday that he is holding firm to his decision barring prosecutors from using text messages to bolster their claims that the New Jersey Democrat took bribes in exchange for authorizing millions of dollars in aid for Egypt.

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Greenberg Traurig Gets 30-Year Tax Break From Saudi Arabia

By Tracey Read

Greenberg Traurig LLP is among the first law firms to get licensed as a regional headquarters, or RHQ, company in Saudi Arabia, allowing the firm to take advantage of a major tax break, the firm announced Tuesday.

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Colo. Suspends Ex-Trump Atty For Aiding Ga. Election Lies

By Thy Vo

A Colorado disciplinary judge has suspended Jenna Lynn Ellis from practicing law in the state for three years over her guilty plea in a Georgia election interference case, after the former attorney and legal adviser to Donald Trump disavowed her actions in a letter that admitted, "I was wrong."

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Interview

Acting Boston US Atty Says Fraud Cases Still High Priority

By Julie Manganis

Prosecuting a range of fraud cases despite finite resources will remain a priority for Massachusetts Acting U.S. Attorney Joshua Levy as he enters his second year in the job, he told reporters on Wednesday in a question and answer session at his office.

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Wash. Man Charged With Threatening To Kill Judge

By Madison Arnold

A Washington man is charged with intimidating a judge on allegations he threatened to kill Asotin County Superior Court Judge Brooke Burns, as well as her dog, Motley, after she oversaw his guilty plea to charges alleging he made threats to shoot up an elementary school and a county fair parade.

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Quinn Emanuel Atty Ducks Sanctions Over Musk Deposition

By Jake Maher

Quinn Emanuel Urquhart & Sullivan LLP partner Alex Spiro beat an attempt to sanction him for alleged "astonishingly unprofessional" conduct at a deposition while defending billionaire and investor Elon Musk from a defamation suit in Texas state court, but the suit survived a motion to dismiss, according to an order signed Wednesday.

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COMPANIES IN TODAY'S NEWS

AMC Entertainment Holdings Inc.

Algonquin Power & Utilities Corp.

Archaea Energy Inc.

Atlantica Sustainable Infrastructure PLC

BMO Capital Markets Corp.

Bank of America Corp.

Barclays PLC

BitGo Inc.

Bridgepoint Advisers Ltd.

Brookfield Infrastructure Partners LP

Business Roundtable

CVC Capital Partners

CamelBak

Citigroup Inc.

ConvergeOne Inc.

Delaware State Bar Association

Deutsche Bank AG

Diamondback Energy Inc.

EQT AB

EQT Corp.

Energy Capital Partners LLC

Ernst & Young LLP

Eurazeo SA

Evercore Inc.

Exxon Mobil Corp.

Fresenius Medical Care AG & Co. KGAA

Galaxy Digital Holdings Ltd.

Google LLC

Hindalco Industries Ltd.

JPMorgan Chase & Co.

London Stock Exchange Group PLC

Microsoft Corp.

Moelis & Co.

Morgan Stanley

NASDAQ Inc.

Neuberger Berman

Novelis Inc.

Oakley Capital Ltd.

Qatar Investment Authority

RBC Capital Markets

Savills Inc.

States United Democracy Center

Stephens Inc.

Stevens Institute of Technology

Stonepeak Infrastructure Partners

The District of Columbia Bar

The Goldman Sachs Group Inc.

Therapeutics Inc.

TransDigm Group Inc.

Twitter Inc.

U.S. Chamber of Commerce

Vista Outdoor Inc.

Washington State Bar Association

Waystar Inc.

Wells Fargo & Co.

William Blair & Co. LLC

Xponential Fitness LLC.

LAW FIRMS IN TODAY'S NEWS

Abbott Cooper PLLC

Baker & Hostetler

Baker Donelson

Baker McKenzie

Barnes & Thornburg

Bartlett LLP

Bass Berry

Block & Leviton

Bradley Arant

Buchalter APC

Christensen & Dougherty

Clifford Chance

Cravath Swaine

DLA Piper

Davis Polk

Dentons

Dewsnup King

Dilworth Paxson

Dowd Bennett

Doyle Law APC

Durrell Law Group

Farrar & Ball

Finnegan

Foley Hoag

Gibbons PC

Gibson Dunn

Gray Reed

Greenberg Traurig

Hogan Lovells

Holland & Knight

Husch Blackwell

Jenner & Block

Jones Day

Katten Muchin

King & Spalding

Kirkland & Ellis

Latham & Watkins

Manatt Phelps

McCollom D'Emilio

Mishcon de Reya

Munger Tolles

O'Melveny & Myers

Orsinger Nelson

Parsons Behle

Paul Hastings

Paul Weiss

Proskauer Rose

Quinn Emanuel

Richards Layton

Richilano Shea

Rolnick Kramer

Ropes & Gray

Selendy Gay

Shackelford Bowen

Sidley Austin

Simpson Thacher

Skadden Arps

Spencer Fane

Squire Patton

Stinson LLP

Torys

Vedder Price

Vinson & Elkins

Weil Gotshal

White & Case

Wiley Rein

de Castro PC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Colorado Supreme Court

Delaware Court of Chancery

Federal Bureau of Investigation

Federal Communications Commission

National Telecommunications and Information Administration

U.S. Attorney's Office for the District of Massachusetts

U.S. Attorney's Office for the Southern District of New York

U.S. Department of Commerce

U.S. Department of Justice

U.S. Department of State

U.S. District Court for the District of Massachusetts

U.S. District Court for the Northern District of Texas

U.S. District Court for the Southern District of New York

U.S. House of Representatives

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

Washington Attorney General's Office