The Federal Communications Commission has approved Sinclair Broadcasting Group Inc.'s $985 million acquisition of eight television stations from Allbritton Communications Co. — including Washington, D.C.’s sought-after WJLA — after Sinclair agreed to relinquish some stations.
DLA Piper has picked up a life sciences partner from Hogan Lovells LLP whose practice has focused on complex intellectual property transactions and corporate partnering issues, technology licenses and commercial contracts, DLA Piper confirmed Friday.
Chinese brokerage Hong Yuan Securities Co. Ltd. dislcosed plans on Friday to be acquired by Shenyin & Wanguo Securities Co Ltd. in a 39.6 billion yuan ($6.40 billion) deal resulting in China's third-biggest brokerage.
The Obama administration on Thursday took a firm stance on so-called inversion transactions, calling the deal structure unpatriotic and urging a ban, which cast uncertainty on whether pending deals would advance and what costs already-combined companies could face, experts say.
21st Century Fox may be willing to pay as much as $10 billion in taxes in a spinoff of CNN if it succeeds in buying Time Warner, while Zillow is preparing to gobble up smaller real estate search website rival Trulia.
In this week's roundup of deal makers on the move, Kaye Scholer LLP picked up a veteran deal maker in New York, Withers Bergman LLP bolstered its San Francisco office with a cross-border mergers and acquisitions pro, and Dentons expanded its corporate practice in China with an M&A partner in Beijing.
A proposed class of air travelers and travel agents last week asked the U.S. Supreme Court to hear its antitrust challenge seeking to force Southwest Airlines Co. to divest recently acquired AirTran Holdings Inc. after the Ninth Circuit refused to rehear the case.
Bill Ackman's career as an activist investor has been distinguished by impressive wins and huge losses, but the number of bets falling into the latter category has been on the rise as he has shown a bias for more aggressive plays that some experts say set management on the defensive and cast a pall over all activist investors.
Bankrupt nursery-products maker Kid Brands Inc. asked a New Jersey judge Thursday for permission to sell brand names like Tiddliwinks, Kids Line, and Perfect Bum to Crown Crafts Infant Products Inc. for $1.35 million.
The Fifth Circuit on Friday said a district court decision to send a case back to an arbitration panel for further clarification was not a final order that could be appealed, rejecting a Nuance Communications Inc. bid to enforce an arbitration award of zero dollars to investors challenging a $45 million merger.
Donald Sterling will ruin the $2 billion value of the Los Angeles Clippers unless his wife obtains an order allowing her to sell the team to former Microsoft CEO Steve Ballmer immediately following the probate battle over the team, she and Ballmer argued in a brief filed Thursday.
Club Mediterranee's board of directors on Friday unanimously recommended for stakeholders to accept a €790 million ($1.1 billion) takeover offer from top shareholder Andrea Bonomi and his fund, saying that the Italian tycoon offered a better deal than private equity suitors from France and China.
A group of 21 professors told a Massachusetts state court to take a closer look at an agreement with the state attorney general allowing hospital company Partners HealthCare System to acquire two hospitals, saying the acquisition is likely to harm consumers.
Liberty Media Corp. on Friday sketched out plans for a stock dividend worth up to $4.8 billion that will split its cable assets into a new unit to house its stakes in other telecom outfits and prime the potential sale of some of its holdings.
Continuing its buying streak, TripAdvisor Inc. announced on Friday that it has struck an approximately $200 million deal to pick up private equity-backed online booking company Viator Inc., which focuses on arranging destination activities for travelers.
XL Specialty Insurance Co. urged the Eleventh Circuit to rule that it isn't required to pay for a $4.9 million settlement in a shareholders class action concerning former client Piedmont Office Realty Trust Inc. because it never consented to the agreement.
In this week's Taxation With Representation, Jones Day helps CBS Outdoor Americas Inc. expand its billboard empire, while Skadden Arps Slate Meagher & Flom LLP helps OAO Severstal unload its U.S. businesses for a combined $2.3 billion.
An Irish official on Friday defended his country's tax regime after U.S. President Barack Obama tore into the country for luring stateside companies overseas with the promise of corporate tax breaks, a lightning-rod issue on Capitol Hill.
Rupert Murdoch's 21st Century Fox Inc. said Friday it would unload its stakes in German and Italian pay-TV assets to British Sky Broadcasting Group PLC in a deal worth $9.3 billion, a move that will likely help Fox in its high-profile hunt for Time Warner Inc.
The merger and acquisition and public capital markets are very active and hot right now. Price-earnings multiples and debt leverage ratios are very high and continue to climb. It is a very good time to sell a profitable and growing business, says Darrell Windham of Greenberg Traurig LLP.
A recent U.S. Department of Defense study provides data the DOD interprets as showing that the presence of competition improves contracting outcomes for the government, and it has implications for future antitrust analysis applied to mergers, acquisitions and teaming agreements, says Jon Dubrow of McDermott Will & Emery LLP.
It happens all the time. When a dispute arises, two parties find themselves in arbitration, realizing that they might have had more leverage to dictate the terms of the process when they were negotiating the arbitration provision — but missed the opportunity, says Daniel McCloskey of Duane Morris LLP.
Potential bids by U.S. suitors for U.K. target companies in the pharmaceutical and health care sectors seem to be a recurring theme this year
In Dinuro Investments v. Camacho, a Florida court clarified the limited circumstances under which a corporate shareholder or limited liability company member has standing to bring a direct claim for damages relating to the company — an issue that has become more and more unsettled, say Jeff Gutchess and Justin Brenner of Bilzin Sumberg Baena Price & Axelrod LLP.
A growing trend in the Southern District of New York akin to a sua sponte rocket docket can provide defendants with an opportunity to set the tone of discovery and shift the burden and risks of the schedule to their adversaries, say Isaac Greaney and Jackie Lu of Sidley Austin LLP.
Finding prospective clients and retaining them has little to do with your legal training and expertise, and yet you have no practice without successful client acquisition and retention. There is no reason you cannot apply your basic legal training to successful sales efforts hinging upon your practice strength and experience, says independent law firm consultant Jennifer Topper.
The Georgia Supreme Court’s highly anticipated decision in Federal Deposit Insurance Corp. v. Loudermilk clarifies the protections afforded by the business judgment rule to directors and officers of banks and corporations, and proves that the “wisdom” of corporate decisions continues to be shielded from claims of ordinary negligence, say attorneys with Troutman Sanders LLP.
Nondiverse state court defendants facing purely state law claims that seek to secure federal jurisdiction should determine whether a good faith basis exists to pursue a third-party action against a federal actor in order to trigger the representative U.S. Attorney’s certification and remove such claims under the Westfall Act, say Michael Blumenfeld and Jonathan Singer of Miles & Stockbridge PC.
Analytics offer opportunities for refining both discovery strategy and overall litigation strategy by providing information to support better informed decisions. As an added bonus, they can result in significant cost savings, say Nathalie Hofman and Carolyn Southerland of Huron Consulting Group Inc.
Inversions are especially popular these days for pharmaceutical and biotechnology companies, where most of the value of the company is found in intangible assets, but it has been indicated that the heightened pace may prompt Congress to act on a measure quickly, says Jeffrey Rubinger of Bilzin Sumberg Baena Price & Axelrod LLP.