The U.K. government must ensure that it secures the ability of British lawyers to continue to practice across the European Union once Britain leaves the EU, the legal industry’s top representative told lawmakers on Tuesday.
The Federal Trade Commission said Tuesday that U.S. drink can maker Ball Corp. can go ahead with its proposed £5.4 billion ($7.2 billion) acquisition of Rexam, provided that the companies follow through with a plan to sell eight U.S. aluminum can plants to Ardagh Group to avoid harming competition for beverage cans.
Superior Plus and Canexus secured approval for their merger from Canada’s antitrust watchdog on Tuesday, a clearance that comes just a day after the Federal Trade Commission moved to block the $982 million, including debt, chemicals producers merger.
Solar energy company SolarCity Corp. said on Monday that it has formed a two-person special committee of independent directors to consider last week’s $2.8 billion all-stock buyout offer by electric-car maker Tesla Inc.
Energy infrastructure giant Kinder Morgan Inc. on Tuesday said that it has agreed to sell a 50 percent stake in its $500 million Ohio pipeline project to energy-focused private equity outfit Riverstone Investment Group LLC.
Illinois has become the latest state to urge the U.S. Department of Justice to allow Aetna Inc.’s proposed $37 billion purchase of Humana Inc. to go forward, stating that while some Medicare Advantage beneficiaries may face difficulties, the deal isn’t overall anti-competitive.
While the usual appellate powerhouse firms scored big at the U.S. Supreme Court in the 2015 term, a dark horse managed to emerge with a spotless 5-0 record, and a veteran boutique was able to shape landmark rulings on both the Affordable Care Act and the Obama administration’s executive orders on immigration. Here, Law360 takes a look at how the country’s top firms performed at the high court this session.
While Justice Antonin Scalia's death resulted in a Supreme Court term notably lacking his famously pithy, well-reasoned dissents, the justices still managed to make their ire known. Here, we look at the most noteworthy dissents of the term and how Scalia's absence made a mark.
A vacant seat on the court. Controversial decisions on abortion and affirmative action. A judicial deadlock on immigration. For the U.S. Supreme Court, it was both business as usual and a session unlike any other. Here, Law360 takes a deep dive into the numbers behind the high court's latest term, examining the vote counts, overturn rates and dissents from this divided court.
Late Justice Antonin Scalia joked about taking bribes, Justice Stephen Breyer imagined a hot dog detector and Chief Justice John Roberts needed help deciphering a young lawyer's lingo. Amid the customary seriousness of this term's U.S. Supreme Court arguments, there were some memorable moments of courtroom comedy. Here, Law360 looks back at humorous highlights from the past year.
The U.S. Supreme Court's struggle to avoid 4-4 splits this term led to a new kind of unanimity, experts say, with the four justices in the ideological middle forging consensus on narrow points of law.
A DreamWorks Animation SKG Inc. shareholder launched a putative class action in Delaware Chancery Court on Monday against co-founder Jeffrey Katzenberg, claiming Katzenberg struck a lucrative "side deal" to the proposed $3.8 billion merger with Comcast that violates the animation house's charter and shuts stockholders out of receiving equivalent value.
The eight-justice U.S. Supreme Court failed to reach majority decisions in some of the most closely watched cases of the term, leaving controversial legal questions unanswered and underscoring the stakes of the political fight over the late Justice Antonin Scalia's replacement.
Gannett, led by Skadden Arps Slate Meagher & Flom LLP, said Monday it will snap up digital services company ReachLocal for $156 million, as the media company continues to weigh whether or not to walk away from its hostile pursuit of the newspaper publisher formerly known as Tribune Publishing Co.
A Delaware court on Monday froze Viacom Inc.'s 11-member board in place, pending the outcome of a battle over majority shareholder Sumner Redstone's mental competence and role in an attempted ouster of five company directors.
China Resource Pharmaceutical Group is planning a more than $1 billion IPO, Apax Partners may sell Epicor Software, and Kuka and Midea are close to clinching an agreement that will see Midea pay up to €115 per share to acquire a larger stake in the German industrials company.
The Williams Cos. on Monday appealed a Delaware court ruling that gave Energy Transfer Equity LP the right to abandon a nearly $21 billion merger between the two companies, filing court papers hours after Williams shareholders overwhelmingly voted in favor of the deal.
The U.S. Federal Trade Commission told the Third Circuit Monday that an Illinois federal judge's ruling against it in its fight to prevent the merger of two Chicago-area hospitals should not impact the appellate court's review of a similar merger in Pennsylvania because the cases are fundamentally different.
Bankrupt clothing retailer Pacific Sunwear of California Inc. received court approval Monday for its disclosure statement outlining an $88 million debt-for-equity swap with prepetition lenders.
Australian freight logistics firm Asciano Ltd. said on Monday it has reached a settlement with a group of shareholders about its joint venture with logistics provider ACFS Port Logistics, thus removing a legal obstacle that had blocked its AU$9 billion ($6.6 billion) takeover by logistics company Qube Holdings Ltd. and Brookfield Infrastructure Partners.
With U.S. companies increasingly becoming joint-venture or takeover targets for Chinese outbound investment, well-advised counterparties will bear in mind potential solutions to disputes from the beginning of the partnership, weighing exit strategy, termination options, forum selection and alternative relief solutions, say Shaun Wu and Nan Wang of Kobre & Kim LLP.
Despite regular news stories detailing the need to update our digital privacy laws and increase our cybersecurity protections, law firms and in-house legal departments should feel confident that utilizing cloud providers with strong privacy and security protections will not breach their ethical obligation to clients, says Bradley Shear of the Law Office of Bradley S. Shear LLC.
When it comes to proxy contests and shareholder activism, one of the most striking changes this year is the quality and tone of the dialogue between companies and their shareholders, says Bruce Goldfarb, founder and CEO of Okapi Partners LLC.
It’s important to first decide what your personal brand is. Are you a crusader? A wry observer? A compassionate witness? Your social media presence doesn’t have to reflect the deepest aspects of your identity — it’s merely an image that you project, says Monica Zent, founder and CEO of Foxwordy Inc.
One of the most prevalent complaints by associates and recent law school graduates is the lack of meaningful mentoring by more seasoned attorneys. Gary Gansle, leader of Squire Patton Boggs LLP's Northern California employment law practice, offers several tips as a light that can help junior attorneys start down the right path in their career development.
New legislation recently passed by the Delaware Senate may curb the cost of certain appraisal litigation. However, it does not include certain fundamental changes to the appraisal statute urged by takeover practitioners to limit abusive “appraisal arbitrage,” say attorneys with Paul Hastings LLP.
LeBron James has established his worth by tangible metrics. He cashed in on a free agent bonanza fueled by the NBA’s economic model that supports his regal compensation. But such is not the case when it comes to first-year associate salaries of $180,000 at certain law firms and $2,000 an hour billing rates for certain partners, says Mark A. Cohen, founder of Legal Mosaic LLC.
The Delaware Chancery Court’s recent determination of the fair value of Dell has prompted valid concerns over the potential impact not only on the outcomes of future appraisal proceedings but also on deal negotiations. Such concerns are unwarranted under Nevada law, which yields a much more definitive and predicable result, says Albert Kovacs of Brownstein Hyatt Farber Schreck LLP.
More than 50 percent of boards reportedly have no plan in place to face an activist challenge. In this short video, Cynthia Krus and Annie Flowers of Sutherland Asbill & Brennan LLP discuss what boards can proactively do to prepare for year-round activism, the new norm in American boardrooms.
Regardless of how the Third Circuit deals with the marketplace questions raised by a Pennsylvania federal court decision in Federal Trade Commission v. Penn State Hershey, the district court’s analysis highlights one concrete step that merging academic and nonprofit hospitals can take to smooth their path, says Brian Hauck of Jenner & Block LLP.