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Law.com

The Law Firm Disrupted: When Private Equity and Mass Torts Collide in the Same Firm

Skadden served as deal counsel for an investment giant that had previously funded claims against a firm client. Such tensions may grow even more common as multistrategy investors look for new opportunities.
6 minute read

The Recorder

Collectible Maker Funko Wins Motion to Dismiss Securities Class Action

Funko's forward-looking statements fell under a "safe harbor" provision and were therefore not actionable as securities fraud, a Seattle federal judge said. The decision was a win for a team from Latham & Watkins.
3 minute read

The Legal Intelligencer

Qualified Personal Residence Trusts: An Estate Planner's Tool in a High Interest Rate Environment

QPRTs are most appealing for individuals who have, or will have, a taxable estate for estate tax purposes at the time of their death.
8 minute read

Corporate Counsel

Robinhood's Steadying Force, Legal Chief Dan Gallagher, Saw Pay Seesaw Again in 2023

Gallagher's 2023 pay was 29% below what he earned a year earlier but 1,142% above what he earned in 2021.
2 minute read

Legaltech News

Patent Workflow Platform Patlytics Raises $4.5M With Help From Law Firms Partners

Patlytics' seed funding round was led by Gradient Ventures, an investment firm backed by Google, and included participation from "select partners from premier law firms," among others.
2 minute read

Law.com

Inside Track: Activist Investors Poised to Wreak More Havoc, Despite Disney Defeat

"Armed with extensive financial analysis and a deep understanding of the industries they target, activists are increasingly likely to make the case that breaking up or selling off certain divisions or subsidiaries would create more value for shareholders," Vinson & Elkins told clients.
4 minute read

Legaltech News

Luminance Raises $40 Million in Series B Funding, Plans U.S. Expansion

Law firm Slaughter and May, a longtime Luminance investor, also participated in the round.
3 minute read

New Jersey Law Journal

Gibbons' Securities Team Co-Chair to Defend The Children's Place Specialty Retailer

Attorney Donald A. Ecklund, a partner with Carella, Byrne Cecchi, Brody & Agnello in Roseland, New Jersey, filed the suit on behalf of Randeep Singh Khalsa against The Children's Place, and its top leaders, on Feb. 28 in the U.S. District Court for the District of New Jersey after the company announced its preliminary fourth-quarter fiscal year 2023 financial results.
3 minute read

The Recorder

9th Circuit Rejects Securities Allegations Against Biotech Company's COVID-19 'Cure' Claim

"It seems likely that the bump in the price of Sorrento's stock in the week of May 15 provided it with more revenue from its agreement with Anarki to purchase stock, but Zenoff does not allege any particular improper or inflated sales. Indeed, as defendants note, Zenoff identifies no individual stock sales at all," Judge Consuelo Callahan wrote on behalf of the court.
5 minute read

Legaltech News

Compliance Startup SingleFile Raises $6.5M With Investments From Am Law 100 and TLTF

SingleFile, a startup that offers a platform to automate the compliance filing process, is financially backed by a number of firms, including Wilson Sonsini, Cooley and others.
3 minute read

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