TOP NEWS
Analysis
Mid-Year M&A Deal Flow Suffers Amid Global Instability
By Al Barbarino
More than six months into a new Donald Trump administration, the mergers and acquisitions boom that many market observers anticipated has failed to materialize. In part one of this two-part M&A review, industry attorneys discussed market activity so far this year, how geopolitical factors are impacting the dealmaking environment, and their outlook for the remainder of 2025.
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SUPREME COURT
Analysis
The Moments That Shaped The Universal Injunction Case
By Cara Bayles and Steven Trader
The U.S. Supreme Court voted along ideological lines when it hindered the ability of federal district court judges to issue nationwide pauses on presidential policies, but that outcome didn't seem like a foregone conclusion during oral arguments earlier this year. What do the colloquies suggest about the justices' thinking? Here are some moments that may have swayed them.
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DEALS
Deals Rumor Mill
Citgo, Castrol Field Billion-Dollar Bids, And More Deal Rumors
By Al Barbarino
Vitol submitted a more than $10 billion bid to buy the parent of Venezuela-owned U.S. refiner Citgo Petroleum, according to Wednesday reports, but subsequent news indicated that it might not be enough to beat out the competition. Castrol, which is BP's lubricant arm, is also running an auction process, with private equity firm Clayton Dubilier & Rice reportedly emerging as one of the latest bidders.
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MERGER REVIEW
LITIGATION
NY Landlord Sues Walmart, Others In Del. Alleging Fraud
By Jeff Montgomery
A New York City landlord sued Walmart Inc. and the bankruptcy successor to Bonobos Inc. in Delaware's Court of Chancery late Thursday, asserting hundreds of million in claims and compensatory and punitive damages under both Delaware and New York law arising from an allegedly fraudulent transfer of a Fifth Avenue retailer's lease and obligations.
Complaint attached |
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PEOPLE
EXPERT ANALYSIS
LEGAL INDUSTRY
Supreme Court Takes Up Transgender Sports Bans
By Katie Buehler and Alex Lawson
The U.S. Supreme Court agreed Thursday to hear challenges to West Virginia and Idaho laws barring transgender athletes from competing on sports teams consistent with their gender identity, putting yet more anti-trans legislation to the test after upholding Tennessee's ban on gender-affirming care for minors this term.
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Pa. Judge's COVID Fraud Charges Survive Dismissal Bid
By P.J. D'Annunzio
A Pennsylvania state judge accused of misusing COVID-19 unemployment relief money to pay his law firm's staff has lost a bid to shake the criminal charges he's facing, as a federal judge rejected the state judge's argument that prosecutors withheld his ex-workers' employment records that he sought to determine their credibility.
Order attached |
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Analysis
SEC Signals Openness To Novel Crypto ETPs
By Aislinn Keely
The U.S. Securities and Exchange Commission appears to be laying the groundwork to approve increasingly innovative crypto exchange-traded products with a staff statement on disclosure expectations and the recent approval of a novel fund, but experts said the commission's openness comes with a focus on fulsome disclosure.
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GC Cheat Sheet: The Hottest Corporate News Of The Week
By Michele Gorman
Target's board faces a shareholder derivative suit that accuses the retail giant of damaging the company by implementing an LGBTQ+ Pride-themed marketing campaign, despite knowing the risk of "public backlash." Meanwhile, SolarWinds and the SEC are close to resolving a novel case that alleges the software developer hid faulty cybersecurity practices before a major breach. These are some of the stories in corporate legal news you may have missed in the past week.
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Law360's Legal Lions Of The Week
By Kevin Penton
The Becket Fund for Religious Liberty leads this week's edition of Law360 Legal Lions, after the U.S. Supreme Court ruled that a Maryland school district burdened parents' religious rights when it declined to provide opt-outs from a policy that introduced LGBTQ-themed storybooks into its K-12 English curriculum.
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