🧩 KKR’s reported $2B garage-door deal
PLUS: A judge blocks EPA’s California workaround, one Linqto ex-CEO is charged while another cooperates, and a Wachtell tax partner moves to Sidley...
September 3, 2026
Lookzy: all your daily legal news in 0.1 billable hours. Plain English coverage of deals, litigation and legal trends trusted by lawyers at Cravath, Latham, Skadden, Gunderson and elsewhere.
Welcome to Lookzy. In today's Lookzy:
Google avoids an AdX divestiture
A judge blocks EPA's California-waiver route to Congress
Prosecutors allege a $450M pre-IPO fraud at Linqto
Vertiv pays $1.45B cash, with another $1.15B possible
KKR reportedly agrees to buy A1 Garage Door for about $2B
TabaPay raises $155M and plans to buy Transact Bank
Deborah Paul moves from Wachtell to Sidley
Delta names BJay Pak general counsel
THE VERDICT
Arguing today's litigation news
Brinkema spares AdX.
Judge Leonie Brinkema found Google had monopolized two ad-tech markets, then declined to make it sell AdX. She accepted behavioral remedies; Google had proposed giving rival exchanges real-time access to bids. AdX charges publishers 20%, and the full order stays sealed for 14 days while confidential information is redacted.
EPA's waiver detour.
Judge Beryl Howell preliminarily blocked EPA's attempt to treat four California emissions waivers as Congressional Review Act rules. That route would let simple majorities in Congress repeal them; Howell called EPA's position “Orwellian doublethink” and “gamesmanship.” EPA must now undo what it can and put the waivers back where they stood before June.
Linqto's alleged 200% markup.
Federal prosecutors charged Linqto founder and former CEO William Sarris, while successor CEO Joseph Endoso pleaded guilty and is cooperating. The alleged 2020–2025 scheme raised more than $450M from 13,000 customers seeking exposure to companies including Anthropic, Ripple and SpaceX, with markups sometimes above 200% and manufactured scarcity. Sarris denies wrongdoing; prosecutors say that, as Linqto's finances came under pressure, he sold shares already allocated to customers to meet revenue targets. They say lawyers repeatedly warned him.
THE DEAL
Wheelin' and dealin' today's corporate news
The $1.15B earnout.
Vertiv agreed to pay $1.45B cash for UtilityInnovation Group, a microgrid company built around getting AI data centers powered faster. The deal targets a fourth-quarter close; JPM Securities and Buchanan advise Vertiv, while Morgan Stanley and Davis Polk advise UIG. Another $1.15B is tied to 12- and 24-month EBITDA targets, nearly matching the check at closing.
Garage doors, $2B.
KKR agreed to buy A1 Garage Door Service for about $2B, according to people familiar with the matter. A1 started in Phoenix in 2007; the garage-door repair business now operates in about 20 states. KKR's home-services investments include Neighborly and Groundworks.
A bank after $155M.
TabaPay closed $155M of FTV-led financing and plans to buy OCC-chartered, FDIC-insured Transact Bank, subject to regulatory approval; FT Partners and Reed Smith advised TabaPay, and Gibson Dunn advised FTV. The round mixed primary and secondary capital, while the bank would sit under a new TabaHoldings parent.
BOILERPLATE
Wachtell to Sidley.
Sidley hired Deborah Paul from Wachtell as a New York partner and co-head of Tax. She advises on the tax side of public-company M&A, joint ventures, spinoffs, divestitures and corporate separations.
Pak to Delta.
Delta named Byung J. “BJay” Pak its senior vice president, corporate secretary and general counsel, hiring the former U.S. attorney from Alston & Bird.
Alright, back to billing. That's all, folks!
