=09

Exchanges between Clayton Dubilier & Rice LLC and Cornerstone Buildin= g Brands, over what ultimately became the private equity firm's $5.8 billio= n buyout of the construction materials company in 2022, were clearly price = negotiations, and attempts to portray them otherwise are a "farce," a Delaw= are Chancery Court vice chancellor said Wednesday.

Construction

THURSDAY= , JANUARY 11, 2024

=20

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Click here to take our survey.&nb= sp;

TOP NEWS

=20

Chancery Pans 'Farcical' Portrayal Of $5.= 8B Cornerstone Deal

=09

By Leslie A. Pappas

Exchanges between Clayton Dubilier= & Rice LLC and Cornerstone Building Brands, over what ultimately becam= e the private equity firm's $5.8 billion buyout of the construction materia= ls company in 2022, were clearly price negotiations, and attempts to portra= y them otherwise are a "farce," a Delaware Chancery Court vice chancellor s= aid Wednesday.

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=20

Latham-Led Homebuilder Raises $162M In Ye= ar's First Big IPO

=09

By Tom Zanki

Homebuilder Smith Douglas Homes Co= rp. priced a $161.5 million million initial public offering Wedne= sday at the top of its range, guided by Latham & Watkins LLP and u= nderwriters counsel Davis Polk & Wardwell LLP, marking the year's first= sizable IPO.

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=20

Pa. Justices Won't Let Zoning Board Appea= l Against Builder

=09

By Brent Godwin

Kidder Township, Pennsylvania, can= not appeal to the state's Supreme Court a decision that found the municipal= ity is barred from enforcing an ordinance against a builder because it had = failed to properly inform the builder of needed approvals before issuing a = certificate of occupancy.

=20 Order attached |=20 Read full article » | Save to favorites »


=

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Feds' Omission Breached $3.5M Contract, B= oard Says

=09

By Alyssa Aquino

The U.S. Army Corps of Engineers b= reached a $3.5 million contract for demolition services at a missile testin= g facility by failing to let the contractor know the site would be off-limi= ts during weapons tests, a contract appeals board ruled.

=20 Opinion attached |=20 Read full article » | Save to favorites »

=20

Treasury Mulls Extensive Input On Direct = Pay, Transfer Rules

=09

By Kat Lucero

As the U.S. Department of the Trea= sury works on final guidance on two novel ways that project owners can mone= tize their clean energy tax credits, it is trying to incorporate and addres= s the extensive feedback it has been receiving on the provisions, officials= said Wednesday.

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First 'Cop City' Trial Delayed Pending Sp= eedy Trial Appeal

=09

By Kelcey Caulder

The trial of a woman accused of vi= olating Georgia's RICO law by participating in a protest over Atlanta's pla= nned police and fire training facility, commonly called "Cop City," was del= ayed Wednesday morning after their attorneys said they would appeal a judge= 's decision not to dismiss the case on speedy trial grounds.

=20 3 documents attached |=20 Read full article » | Save to favorites »

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Architect Not At Fault For Pavilion Delay= , Conn. Court Told

=09

By Brian Steele

A Connecticut architecture practic= e has told a state court that it is not responsible for delays in the const= ruction of a $4.7 million pavilion in a Stamford city park, seeking to duck= allegations brought by the general contractor that its flawed designs drov= e up costs.

=20 3 documents attached |=20 Read full article » | Save to favorites »

PEOPLE

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EPA's Water Leader To Step Down After Bus= y Tenure

=09

By Juan-Carlos Rodriguez

The head of the U.S. Environmental= Protection Agency's water office on Wednesday said she'll be stepping down= at the end of February, after three years leading the office through a mul= tibillion-dollar infusion and several high profile rulemaking efforts.

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EXPERT ANALYSIS

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5 Litigation Funding Trends To Note In 20= 24

=09 =09

Over the next year and beyond, lit= igation funding will continue to evolve in ways that affect attorneys and t= he larger litigation landscape, from the growth of a secondary market for f= unded claims, to rising interest rates restricting the availability of capi= tal, says Jeffery Lula at GLS Capital.

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LEGAL INDUSTRY

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Kilpatrick Merges With HMB Attys In Chica= go Office Expansion

=09

By Jake Maher

Kilpatrick Townsend & Stockton= LLP announced Wednesday that it was continuing its expansion in Chica= go by merging with HMB Legal Counsel and adding over 55 attorneys from HMB,= significantly increasing the size of Kilpatrick's Chicago office and addin= g expertise in corporate law.

Read full article » | Save to favorites »

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King & Spalding Chairman Elected For = 7th Time

=09

By Tracey Read

Robert D. Hays Jr. has been reelec= ted chairman for his seventh consecutive term leading King & Spalding L= LP, the firm said Wednesday.

Read full article » | Save to favorites »

=20

Ex-Atty For Fugees Star Says AI Was Ideas= Tool, Not Author

=09

By Ali Sullivan

Artificial intelligence software w= as a preparation tool, not the author of closing arguments, for former Fuge= es rapper Prakazrel "Pras" Michel's unsuccessful defense against charges of= engaging in an illegal foreign influence scheme, an ex-member of the music= ian's legal team told a D.C. federal judge Wednesday.

Read full article » | Save to favorites »

=20

Ex-Davis Polk Atty Played 'Race Card' Wit= h Staff, Jury Told

=09

By Pete Brush

A Black former associate suing Dav= is Polk & Wardwell LLP for alleged retaliation brought up his race amid= middling reviews and declining billable hours as development managers trie= d to give him work outside his assigned practice group, a Manhattan federal= jury heard Wednesday.

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Analysis

Willis Tryst Claims A 'Big PR Headache' I= n Trump Prosecution

=09

By Chris Villani

The explosive and unsubstantiated = allegations by a Donald Trump co-defendant that Fulton County District Atto= rney Fani Willis is having a "clandestine" relationship with the special pr= osecutor in the election interference case in Georgia could lead to Willis'= team being booted, experts told Law360, even as they cautioned to wait for= all the facts to come out.

Read full article » | Save to favorites »

=20

Trump Can't Give Own Closing Argument In = NY Fraud Trial

=09

By Frank G. Runyeon

Donald Trump failed to respond by = a court-mandated deadline Wednesday to accept conditions under which he wou= ld be allowed to speak during closing arguments in the New York attorney ge= neral's civil fraud case.

=20 1 document attached |=20 Read full article » | Save to favorites »

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Biden Picks 6 For First New Court Nominat= ions Of 2024

=09

By Courtney Bubl=E9

President Joe Biden released his f= irst round of new judicial nominees for 2024 on Wednesday, which includes p= icks for district courts in the Districts of Columbia, Rhode Island, Illino= is, California, Michigan and Virginia.

Read full article » | Save to favorites »

=20

Senate Confirms Colo. Magistrate Judge To= District Court Seat

=09

By Courtney Buble

The Senate voted 51-48 on Wednesda= y to confirm U.S. Magistrate Judge Kato Crews to the District of Colorado.

Read full article » | Save to favorites »

=20

Sanitizer Co.'s Ch. 11 Agent Faces Jackso= n Walker Fee Depo

=09

By Hilary Russ

A bankruptcy judge in the Southern= District of Texas on Wednesday ordered the deposition of the Chapter 11 ag= ent for a hand sanitizer maker after his apparent lack of action, as the co= urt seeks his input in deciding how to proceed with dozens of attorney fee = disgorgement cases against Jackson Walker.

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=20

Girardi's Criminal Trial Set For May As 2= 025 Bid Rejected

=09

By Craig Clough

A California federal judge on Wedn= esday set Tom Girardi's criminal trial for May 21, pushing aside the disbar= red attorney's request to hold the proceedings until 2025 while telling his= attorneys that they should have been prepared for the court's recent order= that Girardi is competent to stand trial.

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=20

Jack Daniel's Parent Toasts Retiring GC,= Promotes Deputy

=09

By Craig Clough

Brown-Forman Corp., the maker of J= ack Daniel's Whiskey, announced Wednesday that its general counsel is retir= ing after 16 years with the company and will be replaced by its associate g= eneral counsel for regional and corporate development.

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COMPA= NIES IN TODAY'S NEWS

Amer Sports Oyj

Boston College

BrightSpring Health Services

Brown-Forman Corp.

Capital One Financial Corp.

Clayton Dubilier & Rice LLC

Colgate-Palmolive Co.

Colorado Bar Association

Dow Jones & Co.

GLS Capital LLC

Georgia State University

Getty Images Inc.

JPMorgan Chase & Co.

Jack Daniel's Properties Inc.<= /a>

Ply Gem Holdings Inc.

Province LLC

RBC Capital Markets

Schneider Electric

The District of Columbia Bar

Trump Organization Inc.

U.S. Chamber of Commerce

UCLA School of Law

University of Virginia

Wells Fargo & Co.


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LAW = FIRMS IN TODAY'S NEWS

Cadwalader Wickersham

Chadha Jimenez Law Firm

Davis Wright Tremaine

GOVE= RNMENT AGENCIES IN TODAY'S NEWS

Armed Services Board of = Contract Appeals

Colorado Supreme Court

Delaware Court of Chancery

Executive Office of the Preside= nt

Federal Reserve System

Georgia Attorney General's = Office

Georgia Supreme Court

Internal Revenue Service

National Labor Relations Board

New York Attorney General'= s Office

Pennsylvania Supreme Court

Rhode Island Attorney Gen= eral's Office

U.S. Army Corps of Engineers

U.S. Attorney's Office

U.S= . Attorney's Office for the Central District of California

U.S. Department of the Treasury

U.S. Di= strict Court for the Central District of California

U.S. District Cou= rt for the District of Columbia

U.S. District Cou= rt for the District of Delaware

U.S. Dis= trict Court for the Northern District of Illinois

U.S. Dis= trict Court for the Southern District of New York

U.S. Environmental Protection= Agency

U.S. Securities and Excha= nge Commission

U.S. Supreme Court

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