Mergers & Acquisitions

  • August 31, 2016

    Domtar Scores Win In Post-$3.3B Merger Workers' Comp Suit

    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.

  • August 31, 2016

    Ex-Duane Reade CEO To Pay $6.2M To Cover Legal Fees

    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.

  • August 31, 2016

    NY Judge Relies On Del. 'Business Judgment' To Back Merger

    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.

  • August 31, 2016

    Valspar Fights Attys' Fees Bid In Suit Over $11.3B Merger

    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.

  • August 31, 2016

    RBC To Pay $2.5M For Proxy Statement Disclosure Violations

    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.

  • August 31, 2016

    Call Center Software Co. Picks Up Rival In $1.4B Deal

    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.

  • August 31, 2016

    FTC Greenlights $300M Honeywell Contracting Unit Deal

    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.

  • August 31, 2016

    CPBE Closes $603M UK Midmarket Buyout Fund

    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.

  • August 31, 2016

    China Everbright, Focus Media Create $750M TMT Fund

    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).

  • August 31, 2016

    Abbott Calls Alere’s $5.8B Merger Suit 'Publicity Stunt'

    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.

  • August 31, 2016

    Proskauer Nabs Dentons Partner In Global M&A Buildout

    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.

  • August 31, 2016

    K&L Gates Snags Paul Hastings Investment Management Atty

    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.

  • August 31, 2016

    Time Warner Moves to Duck Sale Interference Suit

    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.

  • August 31, 2016

    Deals Rumor Mill: Fosun, Bain Capital, Aptean

    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.

  • August 31, 2016

    Sony's Indian TV Arm To Pay $385M For Sports Network

    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.

  • August 31, 2016

    DOJ Challenges Deere's Purchase Of Monsanto Planter Co.

    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.

  • August 30, 2016

    Akin Gump Nabs Dentons Cross-Border Transactions Partner

    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.

  • August 30, 2016

    Platinum Energy To Pay $1.7M To End Merger Class Action

    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.

  • August 30, 2016

    Canadian Fertilizer Giants Potash Corp., Agrium In Merger Talks

    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.

  • August 30, 2016

    Another Shareholder Challenges Starz-Lions Gate Merger

    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.

Expert Analysis

  • State Of Texas Legal Market: More M&A Work Than You Think

    Bill Swanstrom

    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.

  • Reconciling The Practice With The Business Of Law

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    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.

  • A Special Master's Role In Hospital Merger Cases

    Barbara Reeves

    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.

  • REBUTTAL: Establishing Standards And Norms In Mediation

    William A. Ruskin

    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)

  • Board Interlocks In Antitrust Enforcement Hot Seat

    Andrea Agathoklis Murino

    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.

  • State Of Texas Legal Market: Litigation Trends

    Michael K. Hurst

    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.

  • Defining Attorney-Client Relationships In The Electronic Age

    Elizabeth Fitch

    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.

  • State Of Texas Legal Market: It Isn’t Just About Oil

    Geoff Schuler

    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.

  • The Evolving M&A Litigation Landscape Post-Trulia

    Daniel E. Wolf

    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 Buying Spree: Is It Real And Sustainable?

    Yingxi Fu-Tomlinson

    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.