Following a settlement with lenders and unsecured creditors, Leiner Health Products Inc. filed a Chapter 11 plan that accounts for the completed sale of most of its assets to NBTY Inc. and would provide unsecured creditors with small recoveries on their claims.
The judge overseeing Fremont General Corp.'s Chapter 11 case signed off on the subprime mortgage lender's plan to sell a nonbankrupt subsidiary's assets to CapitalSource Inc., accomplishing the main objective of the bankruptcy.
Smith Moore LLP is merging with Leatherwood Walker Todd & Mann PC to form Smith Moore Leatherwood LLP, which will be a firm with a regional reach with six offices in North and South Carolina.
Partners are reportedly expected to vote soon on a proposed merger between Akerman Senterfitt and Philadelphia-based WolfBlock LLP, now that the proposal has received approval from the executive committees at both firms.
A group of major oil companies doing business in Norway has reportedly complained to the country's oil ministry that StatoilHydro ASA has too much control over plans for gas pipelines.
After a brief stall likely to delay an ultimate decision, European regulators' examination of Associated British Foods Plc's proposed acquisition of numerous assets of Dutch baker GBI Holdings BV is back on track, with a decision now scheduled for Oct. 16.
A U.S. Federal Communications Commission Democrat who was expected to oppose the Sirius Satellite Radio Inc.-XM Satellie Radio merger has pledged to provide the clinching vote for the deal if several stricter conditions are attached to it.
While they may be labor's adversaries at the bargaining table, some management-side lawyers say the pending merger between United Steelworkers and the biggest labor organization in the United Kingdom – a move meant to counter globalization by expanding the unions' reach – is a smart one, and a harbinger of long-term change.
Both the U.S. Federal Trade Commission and European Commission have given the go-ahead to France-based Pernod Ricard's $9 billion proposal to buy Swedish spirits company V&S Vin & Spirit, but have made the approval contingent on the companies' sale of certain units.
A proliferation of boutiques has helped ratchet up rate pressure on employment practices in large firms, leading some big firms to de-emphasize labor and employment, and some to gear their employment groups toward complex matters that aren't rate-sensitive, lawyers say.
The acquisition of Anheuser-Busch Cos. Inc. by InBev NV could make a settlement more likely in the century-long trademark war over the Budweiser brand, according to lawyers following the matter.
Weathering a number of recent departures, Thelen Reid Brown Raysman & Steiner LLP is reportedly on the hunt for a merger partner.
A Huntsman Corp. shareholder has filed a proposed class action alleging that Hexion Specialty Chemicals and its executives hid the company's efforts to stop a merger with Huntsman, causing the company's stock price to become artificially inflated.
The prepackaged bankruptcy cases of Vertis Communications and American Color Graphics Inc. are going exactly according to plan and are expected to conclude within a couple of months with a merger of the printing and premedia companies.
Echoing a ruling from March, the European Court of Justice said Thursday that Spain had broken European Union law by placing restrictions on a German energy company that sought to take over a Spanish company.
Antitrust attorneys at United States-based firms are constantly faced with global challenges, which is a result of the globalization of the economy as well as the growth of merger notification and cartel enforcement abroad, said Philip C. Larson, chair of the antitrust, competition and consumer protection group at Hogan & Hartson LLP.
The credit crisis may have hit major deal flows hard in some regions, but it's also created new merger and acquisition work centered around the need for companies to restructure their debt, said Jeremy Pitts, global chair for Baker & McKenzie's banking and finance practice.
No one is irreplaceable in the current economy, but professionals at law firms can take steps to increase their job safety, recruitment experts say.
Increasingly assertive shareholders have changed the playing field for many companies doing deals in recent years, says Susan Murley, chairwoman of the corporate and transactional department at Wilmer Cutler Pickering Hale and Dorr LLP.
Companies entering Chapter 11 during the current economic downturn will likely do one of two things – have a prepackaged plan to get out of bankruptcy court quickly or liquidate, said restructuring lawyers with DLA Piper LLP.