Mergers & Acquisitions Law360 provides breaking news and analysis on high-impact mergers and acquisitions and the attorneys involved. Coverage includes major deals, related litigation and enforcement actions, and policy developments that affect corporate dealmaking.
Major plaintiffs' firms including Grant & Eisenhofer PA and Kessler Topaz Meltzer & Check LLP sought the lead counsel spot Tuesday in putative class action suits against AmTrust Financial Services Inc. in Delaware Chancery Court over a $2.95 billion take-private proposal brought by the company's controlling shareholders.
A New York bankruptcy judge gave health screening company Provant Health provisional approval for its debtor-in-place Chapter 11 financing Tuesday, but turned down its proposal to pay up to $650,000 in bonuses to be split among four top executives.
Singapore-based property developer OUE Ltd. and its health care-focused subsidiary said on Tuesday that they have agreed to acquire a combined 100 percent stake in Bowspirit Capital Corp. Ltd., the manager of health care real estate investment trust First Real Estate Investment Trust, for a total of SG$98.9 million ($72.1 million).
Medical technology developer Channel Medsystems Inc. sued Boston Scientific late Monday in Delaware's Chancery Court, claiming an unjustified breach of a $275 million agreement to buy Channel and its potential breakthrough device for treating heavy menstrual bleeding.
A Mason Capital Management LLC investment fund and its general partner have launched a $200 million arbitration claim against South Korea stemming from its alleged interference in the controversial 2015 merger of two Samsung affiliates, according to documents released Tuesday by the country’s Ministry of Justice.