Johnson Controls, advised by Simpson Thacher & Bartlett LLP, said Tuesday it will sell its power solutions business for $13.2 billion to Brookfield Business Partners LP and other investors, as the technology and industrial company looks to cut noncore assets and improve its financial position.
The last week has seen a pair of disputes involving asset manager CGrowth, another suit from private equity-linked firms taking on parties linked to Thailand's KPN Group and Kodak bring a competition case against Goldman, Glencore and others the film giant has accused of manipulating aluminum prices in the U.S. Here, Law360 looks at those and other new claims in the U.K.
Volkswagen said Friday that a Florida federal judge properly dismissed multiple counts from a proposed consumer class action alleging it sold CC model sedans with suspension defects, so there’s no need to grant consumers’ motion to revisit the ruling.
A 10-year Tesla compensation plan offering founder and CEO Elon Musk as much as $55.8 billion cannot avoid Delaware Chancery Court’s tough entire fairness review standards, despite director claims that more-permissive standards apply, an investor who challenged the deal argued Friday.
A Breakers Capital Partners venture has reportedly dropped $21.4 million on a Florida office property, HNA Group is said to be under contract to sell a Manhattan office tower, and AutoNation has reportedly sold a Florida auto dealership for $11 million.
Uber Technologies Inc. was fined $750,000 by the California Public Utilities Commission on Thursday because the ride-hailing giant failed to investigate or promptly suspend drivers suspected of driving under the influence.
Ford Motor Co. once again lost out on a bid for more than $20 million in interest on a tax overpayment when the Federal Circuit agreed with a lower court Friday that a higher interest rate on tax underpayments by a foreign subsidiary cannot apply to the overpayment.
German automakers BMW and Daimler were given the green light by the European Commission to merge their car-sharing, ride-hailing and other mobility services, provided they make concessions to allay the watchdog’s concerns about a potential monopoly in six cities.
The parent company of American electric vehicle startup Faraday Future has filed suit in California federal court seeking to confirm an arbitration award affirming its right to find alternative financing after a Hong Kong-based investor shirked its obligation to make a payment partway into a $2 billion agreement.
Cotchett Pitre & McCarthy LLP, Robins Kaplan LLP and Susman Godfrey LLP will be taking home $108 million in attorneys’ fees from the third round of settlements in multidistrict litigation accusing a host of automotive part manufacturers of conspiring to fix prices, a Michigan federal judge has ruled.
Hyundai is refusing to honor the limited warranty for certain Sonata vehicles by wrongly asserting proof of regular maintenance is necessary for repairs, according to a putative class action lawsuit filed in South Carolina federal court.
Mercedes Benz of Seattle asked a Washington federal court Thursday for a new trial after it was hit with a $5 million jury verdict for firing a finance director who received a prosthetic voice box as a result of undergoing surgery for throat cancer.
Finisar Corp., a formerly private equity-owned fiber optic supplier, has agreed to a roughly $3.2 billion cash-and-stock merger with peer II-VI Inc., the companies said Friday, in a deal steered by K&L Gates LLP, Sherrard German and Kelly PC, and O’Melveny & Myers LLP.
A former global supply manager for Elon Musk-helmed Tesla Inc. was indicted on Thursday for his alleged role in an embezzlement scheme in which he purportedly used fake documents and email accounts to divert about $9.3 million from one auto parts supplier to another.
Electric vehicle startup Faraday & Future must face claims from rival EVelozcity that it imposed an illegally restrictive contract term that prevented departing employees from recruiting colleagues to another company, a Los Angeles judge ruled Thursday, rejecting Faraday's bid to end the suit on anti-SLAPP grounds.
An investment vehicle for civilian uranium followed by two Chinese financial technology startups joined the pipeline for initial public offerings on Wednesday, setting price ranges on IPOs estimated to raise about $137 million combined later this month.
The U.S. Environmental Protection Agency's guidance on implementing an Obama-era rule restricting hydrofluorocarbon use after the D.C. Circuit vacated parts of it violates the Clean Air Act because it effectively nullifies the entire rule, several states and the Natural Resources Defense Council told the circuit court Wednesday.
Evanston Insurance Co. on Wednesday asked a California federal court to rule that it has no further obligation to defend or indemnify Monterey County or the operator of a Salinas-based racetrack in a lawsuit over a motorcycle accident at the track, saying the claims are outside the scope of its policy.
Dozens of auto parts manufacturers will pay a total of $432.8 million to car buyers in a sprawling multidistrict litigation accusing the companies of conspiring to fix prices and rig the market for various auto parts, according to a third-round settlement approved in Michigan federal court.
The New Jersey Appellate Division on Thursday vacated an order compelling arbitration for a workplace bias lawsuit by a Nissan dealer worker, ruling that the employment agreement at issue wasn't enforceable after the worker moved to a different company affiliate.
By 2030, it is possible that 75 percent of lawyers practicing in the U.S. will be millennials. A broadened focus on retention and advancement of all young lawyers is therefore a logical step forward but it fails to address another major retention issue that law firms should explore, says Susan Smith Blakely of LegalPerspectives LLC.
Former U.S. Attorney for the District of Idaho Wendy Olson discusses her decades of experience prosecuting white collar crimes and civil rights violations, her work and challenges as U.S. attorney, and her move to private practice.
As autonomous vehicle technology advances rapidly, there remains much to be done in a legislative context to prepare for the future. The Automated and Electric Vehicles Act 2018 is the first legislative step the government of the United Kingdom has taken to pave the way for autonomous vehicles, says Michaela Herron of Bristows LLP.
Anthony Thompson’s "Dangerous Leaders: How and Why Lawyers Must Be Taught to Lead" explores the conflict many lawyers face when charged with the responsibility of leadership. The book is an excellent read for all lawyers, says U.S. District Chief Judge Nannette Jolivette Brown of the Eastern District of Louisiana.
Trial lawyers are frequently taught that they should appear invisible during direct examination — that their job is merely to prompt the witness to start speaking. But the most powerful direct examinations are the ones in which the examiner, not the witness, is controlling the pace, say attorneys with Kobre & Kim LLP.
The process of applying for litigation financing isn’t difficult, but few do it right the first time. Following five steps in your application process will help make sure litigation funders are convinced of the value of your company's legal claims, says Molly Pease of Curiam Capital LLC.
The U.S. Environmental Protection Agency's Office of Inspector General recently released its strategic plan for 2019 to 2023. Brian Stansbury and Leah Min of King & Spalding LLP provide insights on several noteworthy aspects, such as how the OIG will hold the EPA accountable for meeting 2019 targets and rely on data and business analytics to meet its goals.
In an era when law firms are fighting for business and clients can dictate the terms of the relationship, "value" has become a moving target. Firms that take a proactive approach by using strategies designed to articulate value over time will gain the competitive advantage, says Dan Tacone at Intapp Inc.
Last week, the U.S. Supreme Court addressed foundational tort principles at oral argument in Air and Liquid Systems Corp. v. Devries, which concerns a defendant's liability under maritime law for products it did not make, sell or distribute. The court’s ruling will doubtless influence lower courts considering other bare-metal challenges, say S. Christopher Collier and Michael Arndt of Hawkins Parnell Thackston & Young LLP.
In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Pier D'Angelo, chief pricing and practice officer at Allens.