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Insurer Seeks $581K Over Pipe Fitting Failure At Fla Condo

Insurer Starr Indemnity & Liability Co. has sued pipe fitting manufacturer Victaulic Co. for more than $581,000 in Florida federal court, saying one of its products installed in a Miami-area condo building failed in 2019, causing a water pipe to burst and damage the tower.

4 Firms Guide $968M Sale Of Canadian Foods Businesses

Canadian business conglomerate George Weston Ltd. said Tuesday it's selling its fresh and frozen bakery businesses to baked goods company FGF Brands Inc. for CA$1.2 billion (about $968 million) in a deal guided by four law firms, including Mayer Brown LLP and Stikeman Elliott LLP.

Electric Aircraft Developer Lands $205M In New Funding

Vertical Aerospace, a company developing an electric vertical take-off and landing aircraft, said Wednesday it landed $205 million in new funding from Mudrick Capital Management LP and Kouros SA to help produce and obtain certification for its vehicle.

3 Firms Guide Volvo In Undersized $2 3B IPO

Sweden's Volvo Cars said it was raising roughly $2.3 billion in its initial public offering at the low end of its previously announced price range, guided by Mannheimer Swartling, Clifford Chance LLP and underwriters' counsel White & Case LLP.

GLP s $2 8B MoFo-Led Japan Real Estate Fund Breaks Record

The largest-ever Japanese private real estate fund has brought in about $2.75 billion (311 billion yen) in commitments for its still ongoing fundraising, its backer Singapore logistics firm GLP, guided by Morrison & Foerster LLP, said Tuesday.

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