Swiss multinational Roche said Tuesday that it has agreed to acquire Poseida Therapeutics, a U.S. genetic engineering company, for up to $1.5 billion in cash to bolster the healthcare giant's range of blood cancer therapies.
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Mergers & Acquisitions
FRIDAY, NOVEMBER 29, 2024 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Sidley-Steered Roche To Buy Biopharma Biz For Up To $1.5B

By Tom Fish

Swiss multinational Roche said Tuesday that it has agreed to acquire Poseida Therapeutics, a U.S. genetic engineering company, for up to $1.5 billion in cash to bolster the healthcare giant's range of blood cancer therapies.

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GTCR Plugs $1.33B Into Software Testing Biz Tricentis

By Jade Martinez-Pogue

Software testing and engineering company Tricentis, advised by Willkie Farr & Gallagher LLP, on Tuesday revealed that it has reached an enterprise value of $4.5 billion following a $1.33 billion investment from Kirkland & Ellis LLP-led private equity giant GTCR.

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Streaming Biz Brightcove Sold In $233M Go-Private Deal

By Jade Martinez-Pogue

Streaming technology company Brightcove Inc., advised by Goodwin Procter LLP, has agreed to go private and be bought by Latham & Watkins LLP-led software company Bending Spoons in an all-cash deal valued at around $233 million.

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DEALS

HCA Hospital Sale On Hold Amid Antitrust Concerns

By Gianna Ferrarin

An Indiana healthcare system has withdrawn its application with the state health department for a planned purchase of a hospital from HCA Healthcare following concerns from the Federal Trade Commission, saying it needs more time to rework the application.

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LITIGATION

Workers Say Kroger-Albertsons No-Poach Deal Hurt Wages

By Thy Vo

A Colorado grocery store employee has filed a putative class action accusing Kroger Co. and Albertsons Cos. Inc. of scheming to suppress workers' wages, alleging in a state court complaint that the grocers entered into an illegal "no-poach" agreement during a 2022 strike.

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EXPERT ANALYSIS

Opinion

FTC Actions In Oil Cases Go Against Its Own Rulemaking

Two recent Federal Trade Commission actions concerning the oil and gas industry appear to defy its own merger guidelines, with allegations that fall far short of the commission's own standard — raising serious questions about the agency's current approach, say attorneys at Clifford Chance.

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Series

Flying Makes Me A Better Lawyer

Achieving my childhood dream of flying airplanes made me a better lawyer — and a better person — because it taught me I can conquer difficult goals when I leave my comfort zone, focus on the demands of the moment and commit to honing my skills, says Ivy Cadle at Baker Donelson.

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LEGAL INDUSTRY

Bonus Spotlight

Bonus Season Heats Up As More Firms Match Milbank's Scale

By Xiumei Dong

The 2024 associate bonus season is heating up, with more law firms matching Milbank LLP's year-end and special bonuses and U.K. firms extending the same offering to their U.S.-based attorneys, according to firm memos shared with Law360 Pulse and media reports.

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King & Spalding Partner Selected As Trump's Trade Rep

By Hailey Konnath

President-elect Donald Trump on Tuesday announced that King & Spalding LLP international trade partner Jamieson L. Greer was his pick for U.S. trade representative, noting that Greer played a "key role" in imposing tariffs on China during Trump's first term.

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Texas Atty Sanctioned For Citing Bogus Cases After Using AI

By Lynn LaRowe

A Texas lawyer pursuing a wrongful termination lawsuit against Goodyear Tire & Rubber Co. has been sanctioned for submitting a brief that included citations to nonexistent cases generated by an artificial intelligence tool, a Texas federal judge ordered this week.

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Google Search Judge Says AI Will Affect Remedy Phase

By Matthew Perlman

The judge overseeing the government's search monopolization case against Google suggested Tuesday in D.C. federal court that artificial intelligence is shifting the market and will likely play a role in the remedies the court imposes on Google for allegedly violating antitrust law.

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Affinity Bar Groups Decry Colo. No-Poach Restrictions

By Thy Vo

Several attorney groups told Colorado's justices that barring lawyers from recruiting colleagues before officially leaving a firm would take away professional autonomy and harm lawyers from underrepresented backgrounds the most, filing briefs in support of a lawyer's challenge to her contract with a personal injury firm. 

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Fulton County DA Seeks To Reinstate Trump Election Charges

By Emily Johnson

The Fulton County District Attorney's Office told the Georgia Court of Appeals on Monday that six criminal charges against President-elect Donald Trump and others should be reinstated as they have an "abundance" of information to prepare their defense against allegations of trying to subvert the results of the November 2020 election.

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Giuliani's New Atty Faults Previous Counsel As NY Trial Nears

By Pete Brush

A Manhattan federal judge declined Tuesday to delay a January trial over whether Rudy Giuliani must turn over his Florida condo and World Series rings to fund a $148 million defamation judgment, after the former New York City mayor's new lawyer criticized outgoing counsel.

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Ex-Faegre Drinker Atty Files Disability Bias Suit

By Andrea Keckley

Faegre Drinker Biddle & Reath LLP was hit with a disability discrimination lawsuit on Monday by a Denver attorney who says she was pushed out after seeking accommodations for hip problems.

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NJ Equal Pay Law Date Will Guide Atty's Discrimination Suit

By Irene Spezzamonte

Discovery and damages in a former Reed Smith LLP labor and employment attorney's suit claiming gender discrimination will be limited to the effective date of New Jersey equal pay law, a state judge ruled, saying the law doesn't apply retroactively.

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Fla. Bar Alleges Atty Delayed Trial Over His Broken Tooth

By Dorothy Atkins

The Florida Bar has launched a complaint against a criminal attorney in the Florida Supreme Court, accusing him of violating state bar rules by refusing to proceed with a jury trial because he had a broken tooth.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Baker Botts

Baker Donelson

Carmagnola & Ritardi

Clifford Chance

Cooley LLP

Cravath Swaine

Debevoise & Plimpton

Dechert LLP

DuBose Miller

Edelson PC

Faegre Drinker

Franklin D. Azar & Associates

Goodwin Procter

Katten Muchin

King & Spalding

Kirkland & Ellis

Latham & Watkins

Littler Mendelson

Lowrey Parady

Milbank LLP

Patterson Belknap

Primera Law Group

Reed Smith

Ropes & Gray

Sidley Austin

Skadden Arps

Sullivan & Cromwell

Taft Stettinius

Vinson & Elkins

Williams & Connolly

Willkie Farr

Wilson Sonsini

COMPANIES IN TODAY'S NEWS

Albertsons Cos. Inc.

Brightcove Inc.

Carmot Therapeutics Inc.

Centerview Partners Holdings LP

Chevron Corp.

Exxon Mobil Corp.

Ferrari SpA

Genentech Inc.

Google LLC

HCA Healthcare Inc.

Hess Corp.

Independent Petroleum Association of America

King Soopers

Lazard Ltd.

LinkedIn Corp.

McAfee Inc.

Microsoft Corp.

NASDAQ Inc.

New York Yankees

Pacific Bells LLC

Phibro Animal Health Corp.

Pioneer Natural Resources Co.

The Florida Bar

The Goodyear Tire & Rubber Co.

The Kroger Co.

United Food & Commercial Workers International Union

GOVERNMENT AGENCIES IN TODAY'S NEWS

Colorado Supreme Court

Committee on Foreign Investment in the United States

Energy Information Administration

Federal Trade Commission

Florida Supreme Court

Georgia Court of Appeals

Georgia General Assembly

Indiana Department of Health

NAFTA

National Economic Council

New Jersey Attorney General's Office

New Jersey Supreme Court

Office of the U.S. Trade Representative

U.S. Air Force

U.S. Department of Justice

U.S. District Court for the District of Columbia

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

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

United States District Court for the District of Colorado