The New Jersey Appellate Division refused to revive a malpractice lawsuit accusing Orloff Lowenbach Stifelman & Siegel PA of failing to negotiate a sufficient settlement for a client who sued his former employer, ruling Friday that the client’s expert opinions didn't raise issues requiring trial.
Confidence among chief executive officers is falling as uncertainty about the global economic outlook settles in, a recent study found, adding another layer of difficulty to the already slowing M&A market, experts say.
California accounting firm Frazer LLP and two employees didn't scrutinize an acquisition and reported tax payments by energy industry component manufacturer China Valves Technology Inc., even though they had spotted potential problems, the U.S. Securities and Exchange Commission alleged Thursday in an administrative proceeding.
A tech industry lobbying group told the Federal Communications Commission on Thursday that Charter Communications selectively blocks third-party devices from accessing downloadable apps that allow customers to view cable programming, saying the commission must bar the activity as a condition of approving a merger with Time Warner Cable.
In this week's Taxation with Representation, Kirkland & Ellis LLP makes a strong showing in a Texas oil and gas company's $910 million acquisition of assets in Colorado and in a $430 million purchase for a Japanese air conditioner manufacturer.
A former Gibson Dunn partner specializing in mergers and acquisitions and other transactions, including representing Allergan Inc. on its nearly $1 billion purchase of a pharmaceutical company, joined Pepper Hamilton LLP as a partner in Southern California, the firm said on Thursday.
Intercept Pharmaceuticals is mulling a sale, a number of companies have placed bids for Barclays' Asian private wealth business, and Italian cooperative banks Banco Popolare SC and Banca Poplare di Milano are inching closer to a merger that would create Italy's third-largest bank.
Post & Schell PC announced Friday it had represented the Washington D.C.-based MRP Realty in $110 million worth of transactions as the company snatched up a string of properties in Philadelphia’s Old City neighborhood, including the historic Bourse Building.
Investment manager Neuberger Berman said Thursday its brand acquisition fund has raised $462 million in its latest funding round, citing the fund's small but high-quality portfolio as a big draw for the more than 20 institutions that invested.
With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days, with firms such as Skadden and Thommessen at the helm. Here, Law360 recaps the ones you might have missed.
DraftKings announced Thursday it has acquired a competitor that specializes in mixed martial arts and other combat sports, bolstering the embattled daily fantasy sports giant's offerings as it gears up for dozens of legal and regulatory challenges nationwide.
A shareholder group that won a $100.2 million-plus-interest damage award from a pipeline company last week in a Delaware Chancery Court class action objected Thursday to a proposal that it pay the cost of a $142 million security bond if the state Supreme Court reverses the decision.
The CEO of Erin Energy Corp. pushed the company to overpay by as much as $200 million for African oil leases in a $416 million deal that directly benefited him, a proposed investor class alleged Wednesday in Delaware Chancery Court.
Outdoor equipment maker Blount International's top brass conspired with Goldman Sachs to craft an $855 million proposed sale of the company that benefited only themselves, a pension fund alleged Wednesday in Delaware Chancery Court.
First Reserve Corp., an energy-focused private equity and infrastructure investment firm, announced on Thursday that it has purchased the $350 million Mariah North Wind project in northern Texas from Mariah Acquisition LLC for undisclosed terms.
Two law firms managed to equal or surpass $2 billion in real estate M&A deal value in January — a feat no other law firm accomplished — in what played out as a slow month following a busy end to 2015.
Pandora Media Inc. is mulling a sale that could value the music streaming service at $1.79 billion, Chinese officials are pushing for a dual listing of Saudi Arabian Oil Co. in Saudi Arabia and Hong Kong, and Takata Corp. is looking to sell its automotive interiors business.
A shareholder bid for a $100 million corrective addition to the $4.2 billion Tibco Software Inc.-Vista Equity Partners merger won new life late Wednesday with a Delaware Chancery Court decision to accept an amended complaint in a dispute over the purchase price.
A group of South American investors seeking $150 million from troubled renewables developer SunEdison for allegedly abandoning a $733 million acquisition won an order in New York state court Thursday morning temporarily barring it from socking away funds that could be used to pay an arbitral award.
India-based information technology and consulting company Wipro Ltd. has agreed to buy insurance industry software provider HealthPlan Services Inc. from health care-focused private equity firm Water Street Healthcare Partners for $460 million, the companies said on Thursday.
Increasing regulatory pressures on banks have created the opportunity for nonbank financial institutions to stake a claim to leveraged loans that would otherwise face regulator criticism. Moreover, investor interest in chasing yield has caused funds to become more interested in the market, say Ann Richardson Knox and Timothy Hicks of Mayer Brown LLP.
While the removal of the familiar “reasonably calculated to lead to the discovery of admissible evidence” standard suggests a departure from prior practice, the first opinions from the federal courts implementing amended Federal Rule of Civil Procedure 26(b)(1) suggest otherwise, says Gregory Brown of Kaufman Dolowich & Voluck LLP.
Analyzing the reasons why clients choose certain firms reveals a great deal about what is important and valued in the marketplace. Based on interviews with a random sample of over 600 heads of legal in the largest U.S. organizations, Elizabeth Duffy, vice president of Acritas US Inc., identifies the core brand drivers of Skadden Arps Slate Meagher & Flom LLP.
In a recent Law360 article it was suggested that promotion to partner was a competition between associates and that taking maternity, paternity or family medical leave could impact an associate's chances at promotion. But this sort of ethos — which may have contributed to law firms’ success in the past — is not the best way to secure the industry's future, says Daniel Butcher, managing partner of Strasburger & Price LLP.
In any transaction, especially involving real estate, unless environmental due diligence is sufficient to reveal existing issues and provide a basis to determine associated costs, at least one party may end up not getting what it bargained for, says Susan Phillips at Mintz Levin Cohn Ferris Glovsky and Popeo PC.
Where a perceived conflict is identified early in the process, a party may consider asking the forum overseeing an arbitration to determine whether it is appropriate for an arbitrator to serve on the panel. Despite the potential opacity of these kinds of decisions, discussions with practitioners and experience suggest that such challenges can arise from a number of situations, says Kirkland & Ellis LLP partner Matthew Solum.
The Delaware courts generally apply the heightened scrutiny standard under Unocal to review challenged board actions taken in response to a perceived corporate control threat. The recent case of Ebix provides another example that the courts disfavor actions that restrict the basic right of stockholders to vote, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.
After more than 50 structured conversations with health care private equity and investment banking professionals at the recent J.P. Morgan health care conference, we can conclude that there is a deep — almost ubiquitous — interest in finding and structuring the next provider services consolidation, say attorneys with McGuireWoods LLP.
The strict rules passed by European authorities in 2009 to curtail conflicts of interest resulting from the simultaneous holding of transmission and production interests are often perceived as stymieing energy investment. Investors will need to make a convincing case, through detailed and effective mechanics, that the risk for conflict of interest and undue influence is properly contained, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.
Those of us who have been in Silicon Valley long enough see the signs for an upcoming rash of down-round financings for some private companies, unicorns or otherwise, and many investors may decide to sell a company before all of its “inflated” value has drained. Situations like this call to mind the 2013 Trados decision — which gives insight into a board’s fiduciary duties, says Priya Cherian Huskins of Woodruff-Sawyer & Co.