Bankrupt law firm Heller Ehrman LLP has tasked its unsecured creditors committee with investigating the legitimacy of Bank of America NA and Citibank NA's contested security interests in the defunct firm and possibly suing the banks, the committee's lawyer has said.
The news Friday that pharmaceutical bigwigs Pfizer Inc. and Wyeth Inc. are negotiating a buyout worth more than $60 billion sparked questions of how the Obama administration might respond to such a large proposal, particularly if it has to reconcile anti-competitive overlaps with serious economic troubles in the industry.
Ending months of speculation in the antitrust community, President Barack Obama has picked Hogan & Hartson LLP partner Christine Varney to head the U.S. Department of Justice's Antitrust Division.
A proposed class action has been filed against Bank of America Corp. on behalf of the bank's investors, claiming the company failed to adequately disclose the true risks involved in merging with troubled investment bank Merrill Lynch & Co. Inc.
Cantor Colburn LLP has snagged three intellectual property bigwigs to come on board as partners in the firm's Detroit office, with two defecting from in-house counsel positions at automotive companies.
BlackBerry maker Research In Motion Ltd. has withdrawn its CAD $66 million ($52.6 million) takeover bid for Certicom Corp. in light of a Canadian court's Monday injunction barring the offer.
Two more law firms, Ice Miller LLP and Squire Sanders & Dempsey LLP, cut back staff and support positions this week as the economic crunch continued to take its toll on the industry, possibly priming the market for mergers.
A federal appeals court on Wednesday tossed an investor lawsuit alleging that JPMorgan Chase & Co. defrauded investors by its participation in the Enron scandal.
The U.S. Securities and Exchange Commission announced Wednesday it had appointed Andrew N. Vollmer as acting general counsel succeeding Brian Cartwright, one day after Christopher Cox resigned his post as chairman of the agency.
As the foundering economy leads to more layoffs and workers have difficulty finding new jobs, employers will face a greater risk of legal action, according to Rosemary Alito, co-coordinator of K&L Gates’ labor and employment practice. She warned that numerous pro-employee initiatives promised by the Obama administration could not come at a worse time for employers.
With patent litigation becoming a regular part of doing business, many companies are looking to counsel to help limit costs, according to David T. McDonald, co-leader of K&L Gates LLP’s intellectual property practice.
Climate change issues will affect practices across various legal disciplines as regulatory and public policies demand more environmental accountability, according to William H. Hyatt, co-coordinator of K&L Gates LLP’s environmental practice group.
Companies in emerging market countries such as Brazil and India are becoming major players in mergers and acquisitions scooping up assets around the world, according to Oliver Brahmst, head of White & Case LLP's M&A group in the U.S.
Despite the current state of the U.S. deals market, K&L Gates LLP has weathered the economic storm with less adverse impact to its corporate, M&A and securities practice than most if its competitors thanks to the firm’s global reach and focus on mid-market deals, according to Eric Simonson, co-leader of the practice.
Bank of America Corp. has secured a $20 billion deal with the U.S. government to obtain yet another injection of federal aid in addition to the $25 billion it has already received in order to assist with its acquisition of Merrill Lynch & Co.
Andrx Corp. and Sciele Pharma Inc. have accused Lupin Ltd. of infringing two patents related to type 2 diabetes treatment Fortamet after Lupin sought approval to make a generic version of the pill prior to the expiration of the patents.
Law360 is pleased to announce the formation of its 2009 competition editorial advisory board.
Law360 is pleased to announce the formation of its 2009 securities editorial advisory board.
In an attempt to speed up its lawsuit against the U.S. Federal Trade Commission over alleged due process violations, Whole Foods Market Inc. has given up its fight over jurisdiction, agreeing to take the case to the appeals court level.
Bank of America Corp. is reportedly close to securing a deal with the U.S. government to obtain yet another multibillion-dollar injection of federal aid to assist with its acquisition of Merrill Lynch & Co.