News
Twitter Lawyers Call Musk's Deal Termination 'Wrongful' - After the tech mogul terminated his $44B deal with the social media platform last Friday, lawyers for the company called the termination 'invalid and wrongful' in a letter to Musk's attorneys signaling the beginning of a legal battle. More here.
Celsius Files for Bankruptcy After Cash Crunch - The crypto lender firm said pausing withdrawals in a bear market was 'difficult but necessary' as it discloses a $1.3B hole its balance sheet according to a court filing. More here.
BigLaw Sees 'End of Cycle' for IPO Work - Companies have halted plans to go public this year, ending a lucrative cycle for law firms handling those deals and stopping a talent war for attorneys with IPO expertise. US IPOs in the first half of the year fell to $14.6B (down more than 90% from the $167B during the same time last year). More here.
BigLaw Moves Into Colorado - After VCs came to the Denver area with tech and life sciences companies, BigLaw has started to come to town with Crowell & Moring opening an office in Denver, and Wilson Sonsini Goodrich & Rosati in Boulder. More here.
Insurance Company Sued for Refusing to Cover $7.5M Bitcoin Ransom Payment - Graff, a UK-based jeweler, has sued The Traveler's Companies. The jeweler had to pay $7.5M in Bitcoin to prevent a group from publishing sensitive customer data, and the insurance group has refused to cover the payment. More here.
93% of Employers Want to See Soft Skills on Resumes - As working conditions shift during this part of the pandemic, more and more employers want to see soft skills listed on candidates' resumes; communication skills, customer service, and scheduling skillsets being among them. More here.
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