Edwards Wildman Palmer LLP has responded to a steady demand for insurance-linked securities investments by hiring an attorney who has represented private equity firms, banks and insurers to shore up its capital markets team in New York, the firm announced Wednesday.
Standard Fire Insurance Co. urged the U.S. Supreme Court on Monday to rule that plaintiffs bringing class actions cannot dodge federal jurisdiction by vowing to seek no more than $5 million in damages — a threshold set by the Class Action Fairness Act — arguing it is well-settled that named plaintiffs cannot restrict the rights of putative class members.
A Massachusetts federal judge has ruled that private fund firm Sun Capital Partners was not obligated to pay roughly $4.5 million in withdrawal liability to a New England trucking industry pension fund group on behalf of a former portfolio company that went bankrupt.
Vornado Realty Trust has joined the $475 million, private-equity-backed effort to redevelop a 120,000-square-foot property in Manhattan's Times Square into a retail complex with the purchase of a 25 percent interest in the $375 million initial loan package, Vornado said Monday.
A holding company and a private equity firm that formerly owned Iron Data Solutions LLC asked the Delaware Chancery Court on Tuesday to free the final $10 million due them from the software firm's $175 million sale, a sum they say the buyers have trapped in escrow through the filing of groundless claims.
Financial services-focused investor Lightyear Capital LLC announced Monday that one of its funds had inked an agreement to buy a controlling interest in Cooper Gay Swett & Crawford Ltd., a leading wholesale insurance and reinsurance broker, for an unspecified sum.
For Bob Profusek, mergers and acquisitions practice leader at Jones Day, the $2 billion sale of security and solar systems company Vivint Inc. to The Blackstone Group was more than a complex deal racing the tax clock; it was an old-fashioned American small business success story.
The former head of Chadbourne & Parke LLP's hedge fund practice group on Monday started at a new post in Mintz Levin Cohn Ferris Glovsky and Popeo PC's corporate and securities section, where he will contribute his experience representing both hedge fund and private equity sponsors and investors.
Rebuffed Chinese private equity firm Cathay Fortune Corp. on Tuesday turned hostile in its bid to purchase Australian copper miner Discovery Metals Ltd., launching an off-market maneuver around Discovery directors who earlier this month shot down CFC's all-cash AU$829.6 million (US$851.3 million) buyout offer.
New York private equity firm Cerberus Capital Management LP is in talks for a multibillion-dollar takeover of Supervalu Inc., the third-largest grocery store operator in the U.S., according to media reports that surfaced late Monday.
Heelys Inc., the maker of wheeled sneakers for kids that surged in popularity several years ago, will go private in a $13.9 million sale to private equity firm Evergreen Group Ventures LLC, the company said Tuesday.
European private equity outfit Triton has offloaded Ruetgers, a Belgian specialty chemicals group, to India’s Rain Commodities Ltd. in a deal that values the target at €702 million ($915.8 million), the seller announced Monday.
Kimco Realty Corp. on Monday announced the sale of its InTown Suites portfolio for $735 million to an affiliate of private-equity-backed global real estate investment firm Starwood Capital Group, saying the transaction should be completed in the first half of 2013.
Health care staffing firm CHG Healthcare Services said Monday that it has new private equity owners after J.W. Childs Associates LP sold its majority ownership to Los Angeles-based firms Leonard Green & Partners LP and Ares Management LLC for an undisclosed price.
The U.S. Chamber of Commerce on Friday lodged a petition with the D.C. Circuit challenging a Dodd-Frank rule which mandates that companies reveal to the U.S. Securities and Exchange Commission if they utilize so-called conflict minerals in their products.
Jones Day has bolstered its mergers and acquisitions practice group by adding a private equity-focused former Allen & Overy LLP partner to its Hong Kong office, the firm said Monday.
A Delaware bankruptcy judge on Monday gave her blessing to Solyndra LLC's reorganization plan, casting aside the U.S. government's protest that the plan's central goal was to secure valuable tax breaks for the defunct solar company's private equity investors.
An investor group led by European private equity firm Permira Advisers LLC agreed to fork over $1.6 billion in cash for Ancestry.com, taking the popular genealogy website private three years after it listed itself on the Nasdaq.
Regardless of the outcome of the presidential election, power players on Capitol Hill are preparing for a turnover in leadership of key congressional committees, which could usher in new agendas and affect efforts to tackle financial reform, domestic energy production, liquefied natural gas exports, cybersecurity, competition policy, agency budgets and entitlement programs during the 113th Congress.
An evenly divided en banc Eleventh Circuit on Friday upheld a ruling that found 21 hedge funds didn't break antitrust laws by allegedly conspiring to force CompuCredit Holdings Corp. to redeem the credit provider's bonds ahead of schedule.