A Delaware federal court handed Domtar Corp. a quick win Wednesday, finding that Weyerhaeuser Co. had given up its right to try and collect workers' compensation payments it made for retirees following the $3.3 billion sale of a paper business to Domtar in 2007.
A New York federal judge on Tuesday lowered the restitution rate for the former CEO of Duane Reade Inc. from $7.6 million to $6.2 million to cover legal fees for the company, after the Second Circuit last year said the initial amount was too high.
Shareholders of a bulk shipping company can't block its merger with its parent company, because the companies' boards both acted rationally when deciding to combine, a New York state judge ruled Thursday, citing Delaware’s “business judgment” rule for shareholder suits.
Paint maker The Valspar Corp. on Tuesday told a Delaware judge that a proposed class of investors claiming its directors withheld key information from stockholders pertaining to a $11.3 billion sale to The Sherwin-Williams Co. shouldn’t get an award of attorneys' fees, saying the lawyers did little work and achieved no benefit.
RBC Capital Markets LLC will pay the U.S. Securities and Exchange Commission $2.5 million as part of a settlement for the investment bank’s alleged false and misleading valuation analysis that made the 2011 Rural/Metro Corp. sale to Warburg Pincus look more attractive than it actually was.
Privately held call center software provider Genesys agreed to buy its competitor Interactive Intelligence Group Inc. in a deal valued at $1.4 billion on Wednesday, just over one month after receiving a $900 million investment from private equity shop Hellman & Friedman LLC.
The Federal Trade Commission gave KBR Inc. the go-ahead Tuesday to purchase Honeywell Inc.’s government contracts service unit, setting the stage for KBR to complete the recently unveiled $300 million acquisition.
CBPE Capital drew £459 million ($603.03 million) for its latest fund, hitting its hard cap as the investment firm plans to continue its more than 15 years of backing midmarket companies headquartered in the U.K., according to a Tuesday statement.
China Everbright Ltd., a Chinese government-owned investment group, said Monday it has joined in a partnership with Chinese advertising giant Focus Media Information Technology Co. to launch a new technology, media and telecommunications fund with total committed capital of RMB 5 billion ($750 million).
Abbott Laboratories called Alere Inc.’s recent bid to force through the companies’ proposed $5.8 billion merger in Delaware Chancery Court a “publicity stunt” in a scathing Wednesday response to the lawsuit, telling the court that any delays to the deal’s execution have been caused by Alere.
Proskauer Rose LLP on Tuesday added a former Dentons mergers and acquisitions and private equity partner to its London office, marking the firm’s second new hire in just more than a week as it continues a push to bolster its global corporate and M&A practice.
A former Paul Hastings LLP attorney has been named a partner at K&L Gates LLP’s San Francisco office, joining the firm’s fast-growing international investment management practice.
A Time Warner Cable unit asked a Florida federal judge on Tuesday to end a suit brought by a cable installation company alleging that Time Warner interfered in its 2012 sale, arguing that the Time Warner unit’s purported interference stems from a payment it was rightfully owed from an underlying dispute over an injured worker.
China’s Fosun may invest in a Russian investment bank, Bain Capital reportedly tapped an investment bank for a potential IPO of an online marketing research firm, and private equity-backed business software company Aptean is said to be up for sale.
Sony Pictures Entertainment’s Indian television arm will add broadcast rights to major cricket boards, soccer matches and golf tournaments, among other sporting events, with the $385 million purchase on Wednesday of Zee Entertainment Enterprises Ltd.’s sports business.
The U.S. Department of Justice said Wednesday it has filed a lawsuit in an Illinois federal court to block Deere & Co.'s acquisition of Monsanto Co.'s Precision Planting LLC out of concerns that the deal would harm the more than $1 billion market for high-speed precision planting systems.
Akin Gump Strauss Hauer & Feld LLP is bringing on board Dentons international transactions partner Igor Krivoshekov to cover cross-border oil and gas deals in an effort to boost its international energy transaction practice in London, the firm announced Tuesday.
A $1.7 million settlement of a shareholder class action challenging the 2011 acquisition of Platinum Energy Resources Inc. by Pacific International Group Holdings LLC received approval Tuesday by a Delaware chancery court judge, who also approved the payment of legal fees and expenses from the settlement fund.
Canadian agriculture outfits Potash Corp. of Saskatchewan Inc. and Agrium Inc. are in preliminary discussions over a possible merger of equals, according to statements from both companies on Tuesday.
A Starz Entertainment LLC shareholder on Tuesday challenged the company’s proposed $4.4 billion merger with Lions Gate Entertainment Corp. in a putative class action in Delaware Chancery Court, saying that a controlling stockholder of Starz orchestrated the deal for his own benefit.
Underneath the relatively quiet surface of “announced” deals, energy M&A lawyers — particularly in Texas — have seen an ongoing churn of clients trying to do deals, says Bill Swanstrom, co-chairman of Locke Lord LLP's energy practice.
The tension between practicing law and managing the firm is giving way to the realization that the latter had been largely overlooked, meagerly funded, and often underappreciated, says Dr. James Bailey, a professor at George Washington University School of Business and the keynote speaker at the Legal Marketing Association Southeast conference in September.
Three recent health care antitrust cases — Advocate, Hershey and ProMedica — presented perfect settings for a neutral special master, says Barbara Reeves, a neutral with JAMS and former chief of the U.S. Department of Justice Antitrust Division's Los Angeles office.
A recent Law360 guest article asks whether by signing a mediation confidentiality agreement a lawyer surrenders the power to protect his client against inappropriate mediation conduct. The short response to this concern is that parties to a mediation should refuse to execute such an agreement that removes all future recourse against the mediator, no matter how egregious the mediator’s actions, says William Ruskin of Gordon Rees Scu... (continued)
Recent activity by the U.S. Department of Justice and the Federal Trade Commission make clear that enforcement of Section 8 of the Clayton Act — the prohibition against interlocks between competitors — is alive and well. Board members and officers must be on alert, say attorneys with Goodwin Procter LLP.
Litigation in the Texas energy sector has increased substantially as a result of the drop in oil prices. The trends reflect a market reality where all participants, including contractors, insurers, lenders, partners and employees, are forced to embrace “lower for longer” pricing, say Michael Hurst and Jonathan Childers of Lynn Pinker Cox Hurst LLP.
As technology has advanced, the ways in which attorneys communicate with clients, potential clients, former clients and the public has created new and ill-defined issues relating to whether an attorney-client relationship exists. Attorneys Elizabeth Fitch and Theodore Schaer discuss the often nebulous yet hazardous concepts that could lead to malpractice issues.
Some market watchers believe that law firms with significant energy-related practices have experienced precipitous declines in revenue and profits due to the dip in oil prices. Yet, firms continue to be bullish on Texas, and those still looking for a point of entry will jump at the right opportunity, say consultants with LawVision Group LLC.
While the impact of the January 2016 Delaware decision in Trulia is profound, rumors that it represented the demise of M&A litigation were greatly exaggerated. Deal litigation continues, albeit in different forums, with different claims, and subject to different risk mitigation tactics, say Daniel Wolf and David Feirstein of Kirkland & Ellis LLP.
China’s record-breaking number of overseas acquisitions in the first half of the year does not paint a complete picture. As the number of proposed deals surges, the number of high-profile failed and withdrawn Chinese offers has also grown, say Yingxi Fu-Tomlinson and Aileen Chou of Kaye Scholer LLP.