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Apollo Said to Invest in Brad Jacobs’ Distribution Company QXO

An investor group led by Apollo Global Management Inc. has agreed to invest more than $1 billion in QXO Inc. to support the building products company’s acquisition strategy, according to people familiar with the situation.

By David Carnevali

This Week in Chancery Court: Snap and Popwallet, Subnautica Game

Delaware’s Court of Chancery will hear post-trial arguments in a $250 million earnout suit tied to the postponed release of a popular underwater-survival game’s next installment. And it will consider Snap Inc.‘s motion to dismiss a lawsuit brought by a co-founder of Popwallet Inc., which the social media giant acquired, saying its stockholders were fraudulently induced into the 2021 deal.

Future of ‘DExit': Four Factors Driving State Reincorporations

As Delaware, the country’s long-established corporate capital, saw several high-profile companies leave the state last year, a debate is building whether ‘DExit’ will be a lasting trend.

Why AI Disruption Is the Best Thing That Could Happen to Lawyers

AI tools can foster an environment where lawyers practice and teach judgment simultaneously—preserving the profession and giving it deeper meaning.

Hawaiian Airlines Plans ~$600m Investment Over 5 Years

Hawaiian Airlines plans major airport renovations, updates to its app and website, as well as upgrading its widebody Airbus A330 interiors, according to a statement.

Ares Hires CapitaLand’s Gabriel Fong as Partner for Asia Credit

Ares Management Corp. has hired former CapitaLand Investmentexecutive, Gabriel Fong, as partner for Asia credit, focusing on special situations, according to people familiar with the matter.

MiniMax Plans to Price IPO at the Top in Sign of China AI Fervor

MiniMax plans to price its Hong Kong initial public offering at the top of the marketed range, people familiar with the matter said, reflecting investor enthusiasm for Chinese startups that are increasingly challenging US rivals like OpenAI.

Trump Blocks HieFo Chip Deal With Emcore, Citing Security

President Donald Trump is blocking HieFo Corp. from acquiring semiconductor-related assets from Emcore Corp., citing national security reasons.

Spencer Fane Gobbles Up DC Boutique Focused on IP Litigation

Spencer Fane LLP is merging with intellectual property boutique Global IP Counselors, the firms confirmed Friday.

Golden Gate Insurer PHL Veers to Liquidation as Rehab Hopes Fade

State regulators are abandoning a plan to rehabilitate PHL Variable Insurance Co. and may pursue liquidation instead, after finding that the struggling life insurer — acquired by private equity firm Golden Gate Capitala decade ago — is in worse shape than previously thought.