Thomson Reuters Corp. has acquired SafeSend, a cloud-based provider of technology for tax and accounting professionals, for $600 million in cash, the Toronto-based data and content conglomerate said in a statement Thursday.
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Mergers & Acquisitions
SATURDAY, JANUARY 4, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Thomson Reuters Bolsters Tax Ops With $600M SafeSend Buy

By Al Barbarino

Thomson Reuters Corp. has acquired SafeSend, a cloud-based provider of technology for tax and accounting professionals, for $600 million in cash, the Toronto-based data and content conglomerate said in a statement Thursday.

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Tempur Sealy Ups Floor Space Promise In FTC Merger Case

By Bryan Koenig

Tempur Sealy is increasing its commitments to preserve floor space for rivals' mattresses in Mattress Firm stores, attempting to beat the Federal Trade Commission's merger challenge by extending the current floor space "slot" distribution after a Texas federal judge noted that prior commitments were below current allotments.

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Vodafone Completes €8B Sale Of Italian Biz To Swisscom

By Tom Fish

Vodafone Group PLC said Thursday that it has finalized the sale of its Italian business to rival Swisscom AG for €8 billion ($8.3 billion) in a transaction designed to reduce debt and return cash to its shareholders, amid a wider streamlining of the U.K. company.

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POLICY

Rep. Jordan Picks Wis. Lawmaker For House Antitrust Panel

By Jared Foretek

Republicans are moving to install a frequent critic of President Joe Biden's Federal Trade Commission at the head of the House of Representatives' antitrust subcommittee, naming Rep. Scott Fitzgerald, R-Wis., to the post Tuesday.

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DELAWARE

Del. Courts Gavel Out 2024 With Fox, Opioid Case Rulings

By Jeff Montgomery

2024 went out with a flurry of rulings in Delaware's corporate and commercial law courts, while the new year saw a Chancery veteran become that court's first senior magistrate. Here's a quick roundup of the latest news in First State courts.

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DEALS

Food Service Tech Biz Buys PE-Owned Delaget In $132M Deal

By Jade Martinez-Pogue

Food service technology company Par Technology Corp. on Thursday announced plans to acquire restaurant analytics business Delaget LLC in a $132 million deal.

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4 Firms Build CA$169M Take-Private Of Quisitive Technology

By Jade Martinez-Pogue

Microsoft cloud and artificial intelligence solutions provider Quisitive Technology Solutions Inc. on Thursday announced that it has agreed to go private and be bought by private equity shop H.I.G. Capital in a CA$169.1 million ($117.1 million) deal built by four law firms.

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Ad Agency Sells Unit For £17.4M, Begins £1.5M Buyback

By Dawood Fakhir

Ad agency The Mission Group PLC said Thursday that it has sold its science and technology-focused marketing business April Six to U.S.-company Marketbridge Inc. for up to £17.4 million ($21.5 million) to aid in clearing its debt.

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CAPITAL MARKETS

A-Rod's SPAC Deal Seeks Extra Innings, Plus More IPOs Filed

By Tom Zanki

The period between Christmas Eve and Jan. 1 wasn't completely quiet on the capital markets deals front, with A-Rod's special purpose acquisition company seeking an extension to complete its merger and several new IPOs being filed. Here, Law360 looks at the capital markets news from the holiday break.

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LITIGATION

IBM And GlobalFoundries Settle Contract, Trade Secret Suits

By Rae Ann Varona

IBM and semiconductor maker GlobalFoundries US Inc. have settled lawsuits lodged against each other in which IBM accused GlobalFoundries of breaching a $1.5 billion manufacturing deal, while GlobalFoundries accused IBM of unlawfully disclosing its confidential trade secrets, the companies announced Thursday.

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EXPERT ANALYSIS

8 Trends And Predictions Following PE's Late 2024 Surge

Private equity will remain at the forefront of value creation in 2025, and anticipated market trends include sponsors' desire to return capital to investors and a more business-friendly tack by the Antitrust Division of the U.S. Department of Justice, say attorneys at Weil.

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Series

Playing Esports Makes Me A Better Lawyer

Competing in a global esports tournament at Wimbledon last year not only fulfilled my childhood dream, but also sharpened skills that are essential to my day job, including strategic thinking, confidence and networking, says AJ Schuyler at Jackson Lewis.

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LEGAL INDUSTRY

Bonus Spotlight

Holland & Knight Matches BigLaw Bonuses In Major Markets

By Anna Sanders

Holland & Knight LLP announced associates in major U.S. markets will receive year-end and special bonuses matching those given by other BigLaw firms, with attorneys working in regional offices making smaller figures, according to a report.

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Biden Honors Del. Jurist For Role In Brown V. Board Ruling

By Jeff Montgomery

President Joe Biden issued a top civilian award, posthumously, to former Chancellor Collins J. Seitz of Delaware Chancery Court, father of the state's current chief justice, for his role in decisions woven into the U.S. Supreme Court's landmark 1954 Brown v. Board of Education ruling.

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Clyde & Co. Merges With Dallas Insurance Boutique

By Emily Sawicki

Clyde & Co. LLP has announced a merger with Dallas boutique Tillman Batchelor LLP, expanding the global law firm's insurance capabilities in Texas amid its ongoing growth in North America.

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Taft Hired BCLP Comms Director Ahead Of Merger

By Andrea Keckley

Once its merger with Sherman & Howard LLC became effective at the start of the new year, Taft Stettinius & Hollister LLP announced Thursday it had hired Bryan Cave Leighton Paisner's former director of communications.

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AI Chatbots Will Transform Legal Scholarship, AI Chatbot Says

By Matt Perez

Generative artificial intelligence like OpenAI's ChatGPT software will redefine legal scholarship, according to a new paper primarily produced by the chatbot.

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States Debate High Court Solution To Election Map Catch-22

By Katie Buehler

Louisiana has implored the U.S. Supreme Court to decisively resolve litigation over its federal election map in one of three ways, suggesting the justices could toss the case on standing, decide the merits, or, preferably, find that federal courts have no role in refereeing redistricting disputes.

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Ex-GMU Prof.'s Accusers Say He Can't Prove $108M Damages

By Aebra Coe

Former FTC Commissioner Joshua Wright allegedly failed to provide information to back his $108 million defamation damages claim and then walked out of a deposition, according to a Virginia court filing by two former students whom Wright sued over their statements to Law360.

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Atty Wants Free Speech Suit Over Tenn. Court Rule Kept Alive

By Jack Karp

A free speech challenge to a Middle District of Tennessee rule barring attorneys from making "any extrajudicial statements" about cases in the district should be allowed to move forward since the court is not entitled to sovereign immunity, according to the Nashville civil rights lawyer behind the suit.

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Giuliani Says Memory Faulty In Meandering NY Contempt Row

By Pete Brush

A Manhattan federal judge mulled a bid to hold Rudy Giuliani in contempt of a $148 million defamation judgment Friday, during a day of sparring in which the former New York City mayor repeatedly told counsel for two defamed Georgia poll workers that he doesn't remember case details.

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Battling Berts: Judge Enjoins Ga. Law Firm In Trademark Row

By Kelcey Caulder

A Georgia federal judge Friday temporarily barred an Atlanta-based law firm from advertising and promoting its personal injury legal services through messaging like "If You're Hurt ... Call Bert!" and "If You're Hurt, Call Bert," ruling that it is too similar to another personal injury firm's trademarked slogan.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

How to deal with diversity, climate change and artificial intelligence are the key issues giving general counsel night terrors at the start of the new year. And in Delaware, the Chancery Court is allowing a stockholder suit to move forward against Fox Corp., related to its false reports of voting fraud in 2020.

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UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

This past week in London has seen Chris Eubank Jr. hit with a libel claim from a boxing promoter, a perfume boss face proceedings from his businesses following sanctions violations claims, and Israeli broadcasters file intellectual property claims against BT and Sky. Here, Law360 looks at these and other new claims in the U.K.

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LAW FIRMS IN TODAY'S NEWS

Bass Berry

Beale & Co. Solicitors

Beck Redden

Bert Brock Law

Binnall Law Group

Bird & Bird

Brabners LLP

Bryan Cave

Cassels Brock

Clark Hill

Cleary Gottlieb

Clyde & Co

DLA Piper

DWF LLP

Davis Polk

Dentons

DuBose Miller

Eversheds Sutherland

Fogler Brar

Freshfields

Goodwin Procter

Graubard Miller

Graves Garrett

Gray Cary

Hancock Daniel

Harrison LLP

Hill Dickinson

Hirschler

Hogan Lovells

Holland & Knight

Irwin Mitchell

Jackson Lewis PC

Jenner & Block

Katten Muchin

Keoghs LLP

Keystone Law

Kirkland & Ellis

Latham & Watkins

Lewis Silkin

Linklaters LLP

Loeb & Loeb

Lucosky Brookman

Massumi & Consoli

McDermott Will & Emery

Milbank LLP

Mullin Hoard

Neal Gerber

Norton Rose

Parnall Law Firm

Paul Weiss

Peacock Law PC

Penningtons Manches

Perkins Coie

Pinsent Masons

Quainton Law

Quicker Law LLC

Roythornes Solicitors

Sedgwick LLP

Seyfarth Shaw

Simmons & Simmons

Simpson Thacher & Bartlett LLP

Slaughter and May

Stikeman Elliott

Sullivan & Cromwell

Taft Stettinius

Travers Smith

Trowers & Hamlins

Vasseghi Law

Weil Gotshal

White & Case

Willkie Farr

Wilson Sonsini

COMPANIES IN TODAY'S NEWS

ARK Investment Management LLC

Amazon.com Inc.

American Bar Association

American Civil Liberties Union

American Civil Liberties Union of Louisiana

Antara Capital LP

Anthropic PBC

Apollo Global Management LLC

Apple Inc.

Ascentage Pharma Group International

Aspen Insurance Holdings Ltd.

BlackRock Inc.

Blackstone Inc.

Burger King Holdings Inc.

Cencora Inc.

Chevron Corp.

Citigroup Inc.

Cohen & Company Financial Ltd.

Comcast Corp.

CoreCivic Inc.

Digital River Inc.

DuckDuckGo Inc.

EE Ltd.

ESPN Inc.

Ecolab Inc.

Emirates NBD Bank PJSC

Exceed Company Ltd.

Fastweb SpA

Fox Corp.

Global Infrastructure Partners

GlobalFoundries

Google LLC

H.I.G. Capital LLC

Hamilton Lane Inc.

Hong Kong Exchanges and Clearing

Institute for Justice

International Business Machines Corp.

JPMorgan Chase & Co.

KFC Corp.

LG Electronics Inc.

LinkedIn Corp.

London Stock Exchange Group PLC

Microsoft Corp.

Morgan Stanley

Mozilla Corp.

NAACP Legal Defense & Educational Fund Inc.

NASDAQ Inc.

National Amusements Inc.

National Association for the Advancement of Colored People

National Congress of American Indians

National Westminster Bank PLC

Natural Resources Defense Council

New Civil Liberties Alliance

Par Technology Corp.

Paramount Global

Pizza Hut Inc.

Public Joint Stock Co. Gazprom

ROSS Intelligence

RedBird Capital Partners

Rite Aid Corp.

Samsung Electronics Co. Ltd.

Skydance Media LLC

Social Science Research Network

Swisscom AG

TMX Group Ltd.

TUI AG

Takeda Pharmaceutical Co. Ltd.

Talktalk Telecom Group PLC

Tempur Sealy International Inc.

Tesla Inc.

The Conference Board Inc.

The Goldman Sachs Group Inc.

The Lawyers' Committee for Civil Rights Under Law

The New York Times Co.

The O2

Thomson Reuters Corp.

Virgin Media Inc.

Vodafone Group PLC

Walmart Inc.

Weber Shandwick Worldwide Inc.

Willis Towers Watson PLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bureau of Alcohol Tobacco Firearms and Explosives

Delaware Court of Chancery

Equal Employment Opportunity Commission

Executive Office of the President

Federal Bureau of Investigation

Federal Trade Commission

Georgia Supreme Court

New York Supreme Court, New York County

Supreme Court of British Columbia

U.S. Attorney's Office for the Western District of Kentucky

U.S. Department of Justice

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the District of Columbia

U.S. District Court for the Middle District of Louisiana

U.S. District Court for the Middle District of Tennessee

U.S. District Court for the Northern District of Georgia

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

U.S. District Court for the Western District of Louisiana

U.S. House of Representatives

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

UK High Court