Managed health care services provider Molina Healthcare Inc. plans to buy Unisys Corp.'s health information management business for about $135 million in cash.
The U.S. Supreme Court has declined to review an appeals court decision that payouts that were made to former shareholders of Quality Stores Inc. as part of a leveraged buyout and that helped tip the company into bankruptcy cannot be recovered, even though it was a private company.
The European Commission has set a provisional deadline for the completion of its review of Microsoft Corp.'s bid to acquire Yahoo Inc.'s search engine business.
For corporate clients, the biggest challenge lately has been the inability of businesses to get financing to do their deals, as the banks and financial institutions that are willing to lend are requiring borrowers to jump through a great number of hoops to get the deals done, says Yuliya A. Oryol, assistant chair of Nossaman LLP's corporate practice group.
An Argentine appeals court has suspended the timetable the country's antitrust regulators laid out for Telecom Italia SpA to divest itself of its holdings there, according to a spokeswoman for the company.
The president of purported personal financial portal eWealth Holdings Inc. has reached a settlement with the U.S. Securities and Exchange Commission in a $7 million securities fraud suit that accuses him of making misleading statements in unregistered offerings of company securities.
Kelson Channelview LLC, the stalking horse bidder in a $500 million power plant sale in Reliant Energy Channelview LP's bankruptcy proceedings, will not collect a $15 million breakup fee Reliant originally agreed to pay, despite the fact that another company made the winning bid, a federal appeals court has ruled.
Lyondell Chemical Co.'s unsecured creditors have fired back against the company's objections to their request for an examiner to look into fairness issues concerning a rival bid for a controlling stake in the company.
K&L Gates LLP has brought on partners J. David Bickham Jr. and C. Scott Gladden to work on corporate energy matters in two of the firm's Texas offices.
The Reader's Digest Association Inc. has won court approval of a $31.8 million sale of subsidiary CompassLearning Inc., a seller of digital classroom aids and other education technology that did not fit with the bankrupt magazine publisher's regrowth strategy.
Japanese cosmetics company Shiseido Co. has announced plans to acquire Bare Escentuals Inc. for $1.7 billion, a move that would expand both companies' cosmetics portfolios and propel Bare Escentuals into the Asian market.
Securities and corporate finance attorney Gregory W. Hayes has rejoined DLA Piper's corporate and finance practice as a partner following a stint as in-house counsel for now-bankrupt mall owner General Growth Properties Inc.
A federal judge has refused to reconsider an order compelling arbitration in a hotel operator's legal malpractice suit against Gibson Dunn & Crutcher LLP over its work on the company's stock issuance, finding that the contract between the parties clearly mandated arbitration.
In light of the economic fallout from unregistered hedge funds and the sale of derivatives and like securities, expect the passage of several bills in Congress seeking to register private hedge funds, says Victor J. DiGioia, head of Becker & Poliakoff PA's corporate and securities practice group.
A The Talbots Inc. shareholder has launched a proposed class action accusing the company's board of directors of breaching its fiduciary duties with a deal to cut the retailer's debt by $330 million and buy back the stake majority stockholder Aeon (U.S.A.) Inc. has in the clothing chain.
U.S.-based business ventures are once again attracting a growing number of foreign investors from places with available cash, putting extra pressure on the regulatory body that oversees foreign investments in the U.S. to keep the ongoing threats to national security at bay, attorneys told Law360.
A judge has approved a request from Philadelphia Newspapers LLC to dump a $200,000-per-month obligation to the McClatchy Co., a vestige of a $515 million asset sale from McClatchy to the now-bankrupt newspaper company.
Lenders are crying foul over a bid by unsecured creditors of Station Casinos Inc. to pursue fraudulent transfer claims related to the lenders' leveraged buyout and lease agreement, which the creditors allege is responsible for the casino company's insolvency.
Hexion Specialty Chemicals Inc. revealed plans Thursday to issue $700 million in senior secured notes due in 2018 in a private offering the company said would help pay down its debt.
The Canadian subsidiary of oil and gas producer Apache Corp. has agreed to acquire a 51 percent stake in Kitimat LNG Inc.’s planned liquefied natural gas export terminal in British Columbia.