Defense Tech Startup Lyntris Launches Plans For $492M IPO

By Jade Martinez-Pogue

Private equity-backed defense technology company Lyntris Inc. on Monday filed plans with U.S. regulators to raise roughly $492 million in its initial public offering led by Willkie Farr & Gallagher LLP and Latham & Watkins LLP.

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Webtoon Investors Seek OK Of $10.1M Deal For Post-IPO Drop

By Sydney Price

Online comics platform Webtoon Entertainment Inc. has reached a $10.1 million deal with its investors to end claims that the company's registration statement for its 2024 initial public offering concealed the minimal growth the company was experiencing.

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SEC Alleges Adviser Defrauded Investors In Pre-IPO Offerings

By Jessica Corso

The U.S. Securities and Exchange Commission both filed and settled a lawsuit in New York federal court Monday that accuses an investment manager of defrauding investors interested in taking positions in companies like SpaceX and Klarna before they went public. 

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Crypto Promoter Owes SEC $2.6M Over BitConnect Offering

By Katryna Perera

A New York federal judge has ordered a cryptocurrency promoter to pay over $2.6 million to resolve claims from the U.S. Securities and Exchange Commission that he recruited investors into a $2 billion unregistered cryptocurrency lending program.

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Fox Gives DOJ More Time To Review $22B Roku Deal

By Matthew Perlman

Fox Corp. has given antitrust enforcers at the U.S. Department of Justice additional time to review its planned purchase of Roku, a deal that values the television streaming platform operator at around $22 billion.

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Muddy Waters Wants Claim Cut From $14M Whistleblower Suit

By Katryna Perera

Investment research service Muddy Waters LLC and its founder want a breach of contract claim cut from a suit alleging they stiffed a purported former partner out of his share of a $14 million whistleblower award from the U.S. Securities and Exchange Commission, saying the claim "crosses the line from pleading in the alternative to pleading in incoherence."

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Brief

Soldier Must Wait To Argue CFTC Case Over Maduro Trades

By Jessica Corso

The U.S. Army sergeant facing allegations that he profited off his insider knowledge of the raid that captured former Venezuelan President Nicolás Maduro cannot challenge the U.S. Commodity Futures Trading Commission case against him while he faces criminal charges, a New York federal judge has ruled.

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Judge Lets Feds Drop Adani Fraud Counts But Rebukes DOJ

By Rachel Riley

A New York federal judge agreed Monday to toss fraud charges accusing Adani Group Chairman Gautam S. Adani of misleading investors about a $250 million bribery scheme to score solar energy contracts, while sharply criticizing the U.S. Department of Justice's "highly unusual" move to drop the case.

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Paul Weiss Adds 2 Capital Markets Partners

By Daniel Moritz-Rabson

Paul Weiss Rifkind Wharton & Garrison LLP said Monday it has added two New York-based partners to its capital markets group.

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Rethinking Risk And Value In Private Credit Disputes

Private credit disputes will increasingly turn on whether lenders recognized enterprise-value risk and updated marks as borrower conditions changed, making valuation processes, trigger frameworks and portfolio oversight critical for investors and litigants, say Isil Erel at the Ohio State University and Farooq Javed at The Brattle Group.

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How Does In-House Pay Compare? Take The Law360 Survey

How do in-house salaries vary across industries, roles, and organizational revenue? What compensation tools are companies using to lure top talent? Help Law360 Pulse answer these questions and more in this year's In-House Compensation Survey.

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9th Circ. Would Lose 3 States In Latest Reorganization Bid

By Courtney Bublé

Republicans are once again trying to break up the U.S. Court of Appeals for the Ninth Circuit, which has long been dominated by judges appointed by Democratic presidents.

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Goldstein Unveils Cooley Appeal Team

By Jared Foretek

Thomas Goldstein has unveiled an experienced lineup of appellate lawyers he'll turn to in his bid to overturn 12 tax and mortgage fraud convictions, featuring several attorneys with extensive U.S. Supreme Court experience.

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Texas Firm Withdraws From $150M Deal To Rep Migrant Kids

By Madeline Lyskawa

A Texas law firm has withdrawn from consideration for a $150 million award from the U.S. Department of Health and Human Services to provide legal services to unaccompanied migrant children in government custody.

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Missed Step Could Vex Ex-Duane Morris Client's Appeal

By P.J. D'Annunzio

A Pennsylvania Superior Court panel on Tuesday quizzed counsel for a businessman accusing Duane Morris LLP of legal malpractice in a trade secrets case on whether documents he claimed were privileged had been properly put before the trial judge for consideration.

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Ogletree Says Equinox Owes $1.4M In Unpaid Legal Bills

By Hailey Konnath

Ogletree said Monday that fitness company Equinox owes nearly $1.4 million in fees and expenses for the firm's work representing it in an employment matter in Los Angeles, according to a complaint filed in California federal court.

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Brief

Calif. Subclass Added To Fox Rothschild Data Breach Suit

By Emily Sawicki

A California resident seeking to represent a subclass of Golden State data breach victims on Tuesday asked to add a new California Consumer Privacy Act claim to a proposed Pennsylvania class action first filed against Fox Rothschild LLP in June, after prominent ransomware group Silent Ransom Group targeted the firm.

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DOJ Says Executive Privilege May Apply To Private Advisers

By Emily Sawicki

The president's communications with outside advisers may be shielded by executive privilege, so long as they are confidential and relate to official decision-making, the U.S. Department of Justice said in its latest advisory opinion.

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