A longtime Bank of America NA shareholder has launched a campaign to topple chairman and CEO Kenneth Lewis from his post, saying the bank's management acted recklessly and in total disregard of stockholders in acquiring troubled Merrill Lynch & Co. Inc.
The airline industry has asked the Obama administration to oppose a bill recently introduced in Congress that calls for tougher antitrust scrutiny of international alliances between airlines.
A judge has authorized Spansion Inc. to retain Latham & Watkins LLP as bankruptcy counsel, while Duane Morris LLP and Baker & McKenzie LLP await the court’s approval as Delaware counsel and special counsel, respectively.
Shareholders of CV Therapeutics have filed a proposed class action in a California state court to stop the company from carrying out a proposed $1.4 billion merger with Gilead Sciences, which they say unjustly enriches the company's founder and directors.
The Pension Benefit Guaranty Corp. will take over two underfunded pension plans covering about 3,300 workers and retirees of bankrupt construction materials manufacturer Propex Inc., which is finalizing a sale of its assets, the pension agency announced Monday.
A second former assistant attorney general at the U.S. Department of Justice’s Antitrust Division will join Covington & Burling LLP in April, returning to the firm to head its global antitrust and competition practice.
McGuireWoods LLP has announced plans to merge with London-based international law firm Grundberg Mocatta Rakison LLP, broadly expanding its international capabilities in Europe and Russia.
Suncor Energy Inc. said Monday that it would acquire Petro-Canada for roughly CA$19 billion ($15 billion) in stock, creating the largest energy company in Canada and the fifth-largest in North America.
After suffering an irreparable blow from the recession, especially in the firm’s core real estate practice, WolfBlock LLP has announced it will liquidate, adding to the growing number of attorneys who will find themselves out of work as firms continue to whittle down struggling practice areas.
Ticketmaster Entertainment Inc. and concert promoter Live Nation Inc. said Friday that they had received a request for additional information from the U.S. Department of Justice regarding their $2.5 billion proposed merger.
Recreational vehicle maker Monaco Coach Corp. will be able to use nearly $73 million in loans as cash collateral to fund its ongoing operations following a bankruptcy court judge's interim order Thursday.
Oil and gas exploration companies Crusader Energy Group Inc. and Energy Partners Ltd. have warned investors that they are short on cash and overdrawn on certain credit accounts and may be forced to file for bankruptcy protection as they continue to suffer amid reduced consumer demand and the past year’s sudden drop in energy prices.
As the newspaper industry, walloped by the economic downturn, tries to cope with declining readership, U.S. Attorney General Eric Holder said he is considering a request from Speaker of the House Nancy Pelosi, D-Calif., to amend antitrust provisions for newspapers.
Stroock & Stroock & Lavan LLP has lured bankruptcy lawyer Andrew P. DeNatale back to the firm as head of the special situations lending group in its financial restructuring practice after an “18-year sabbatical” at White & Case LLP.
Baker Donelson Bearman Caldwell & Berkowitz PC has established a multidisciplinary drug, device and life sciences industry service team to combine expertise across practice groups.
Though every day seems to bring news of firm layoffs, attorneys in bankruptcy, white collar crime, executive compensation and a few other practice areas should stay busy, and some may even see a spike in work opportunities.
Chinese antitrust regulators have blocked the Coca-Cola Co.'s $2.5 billion acquisition of Chinese juice giant China Huiyuan Juice Group Ltd., a proposed deal viewed as the first major tryout of China's new anti-monopoly law.
A circuit court has thrown out an investment firm's appeal in a long-running dispute over the merger of the National Association of Securities Dealers Inc. and NYSE Group Inc.’s regulatory bodies — a merger that created the Financial Industry Regulatory Authority Inc. — ruling the challenge moot and sending the case back to a lower court.
Pfizer Inc. may be required to divest parts of its animal health businesses before regulators approve its $68 billion acquisition of Wyeth Inc., a deal detractors claim creates problematic overlaps in the pharmaceutical giants' products.
Kirkland & Ellis LLP has received approval to represent Muzak Holdings LLC in its Chapter 11 case, more than four months after the debt-laden music company first retained the firm.