Eastman Kodak Co. said Monday that the New York attorney general has threatened to file a lawsuit over CEO Jim Continenza's purchase of shares a month before the company's July announcement of a since-scrapped $765 million government loan.
The Parent Company, a cannabis conglomerate formed from a blank check deal, is investing $50 million in another blank check company gearing up to acquire a California pot brand, the pair said Monday.
Chinese e-commerce giant JD.com's logistics division filed plans on Monday with Hong Kong regulators for an initial public offering that could raise $3.4 billion, potentially generating Hong Kong's second-largest IPO of 2021.
Investors in file-hosting service Dropbox have asked a federal judge in California to give an initial nod to a $1.375 million settlement deal that would end consolidated claims that the company hid a slowdown in revenue growth as it held an initial public offering in 2018.
A lower court was right to find that Venezuela's state-owned oil company is responsible for $1.9 billion in principal and interest on defaulted Citgo-backed bonds and that any holding to the contrary would disrupt foundational capital market principles, debtholder interests told the Second Circuit.
Cryptocurrency exchange Coinbase Inc., represented by Fenwick & West LLP, on Monday unveiled plans to raise $1.25 billion privately through a convertible debt offering, raising fresh capital one month after its public debut.
Software and e-commerce service provider Ebix Inc. and its board of directors have been hit with an investor suit in New York federal court accusing the board of mishandling an independent audit that revealed a material weakness over the company's failure to design controls relating to the financial reporting of its gift card business in India.
S&P Dow Jones Indices LLC has agreed to pay the U.S. Securities and Exchange Commission $9 million to resolve negligence claims connected to the February 2018 price crash of notes inversely tied to stock market volatility.
OneCoin Ltd., the fugitive "CryptoQueen" and a Florida financier have failed to respond to a proposed class action over the alleged $4 billion OneCoin cryptocurrency scam, according to documents filed Monday in New York federal court.
Giga Energy, a business that plans to focus on clean energy and commercial transportation services, is going public through a merger with blank-check company Yunhong International in deal worth up to $7.3 billion and being led by Ellenoff Grossman, Ogier and Loeb & Loeb.
The entertainment, sports and news assets of AT&T's WarnerMedia will be combined with Discovery Inc. in a $43 billion blockbuster deal that is structured as a reverse Morris trust and was built by four law firms, the companies said Monday.
A Crowell & Moring LLP international disputes partner is urging a D.C. federal court to sanction a Cayman Islands hedge fund for filing an "unnecessary" bid for information as it looks to take the lion's share of a nearly $29 million arbitral award against Pakistan.
Data analysis will be the key to sorting out the most pressing issues on the U.S. Securities and Exchange Commission's regulatory agenda, including the recent market volatility surrounding the stock of video game retailer GameStop, Commissioner Caroline Crenshaw said Friday.
Mergers and acquisitions activity has rebounded after last year's coronavirus-induced slowdown, but the market has evolved, with massive special-purpose acquisition company deals taking center stage and private equity players increasingly showing interest in minority investments. Here, Law360 chats with two Simpson Thacher attorneys about current trends and the future of M&A.
Biotechnology firm Vera Therapeutics Inc. went public Friday after completing a $48 million initial public offering that priced well below its estimated range, represented by Cooley LLP, amid a rocky market that has prompted other companies to postpone IPOs.
Digital asset trading platform Bibox said that a user's state law claims of securities violations were rightly dismissed the first time and that a request for consideration was merely an effort to get "a second bite at the apple."
More businesses are going public as "public benefit corporations," a legal designation that signals a company's commitment to goals beyond maximizing profits, though the jury is still out on whether carrying such a label actually generates positive social impacts.
As a U.S. Securities and Exchange Commission official on Thursday highlighted agency actions that used data to uncover alleged accounting violations, industry experts suggested similar cases will abound this year as the agency's data capabilities become a "game changer" for enforcement.
New U.S. Securities and Exchange Commission Chairman Gary Gensler said Thursday that rulemaking around climate risk and human capital disclosures will be "an early focus" of his tenure in light of investors' interest in the areas.
A California federal magistrate judge appeared unwilling Thursday to accept the Biden administration's defense of a Trump-era policy nearly doubling the EB-5 visa program's investment requirements, saying she doesn't think the new U.S. secretary of Homeland Security can approve the rule change made by Trump's unlawfully appointed former acting secretary.
Investment management company BlackRock Inc. said Thursday it has hired the former director of the U.S. Securities and Exchange Commission's Division of Investment Management as a senior managing director and head of external affairs.
Digital asset manager Grayscale said Thursday it has filed to register a $630 million investment fund focused on top cryptocurrencies with the U.S. Securities and Exchange Commission.
A blank-check company seeking to combine with a health care business that has the capacity to develop new drug therapies and technologies told regulators Thursday it plans to raise $200 million in an initial public offering guided by Kirkland and Ellenoff Grossman.
China’s Full Truck Alliance could be worth $20 billion after an IPO, Alex Rodriguez and an entrepreneur might pay $1.5 billion for two Minnesota basketball teams, and a proposed SPAC merger could value Vice Media at about $3 billion. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.
Citing "significant trading volatility" in its sector, the parent company of mortgage insurance business Enact Holdings said Thursday it was postponing the unit's $496 million initial public offering.
Aggressive investor demands for progress on important social issues are being met by direct responses from both companies and regulators, demonstrating shareholders' significant power to fix a broken corporate culture, says Rebecca Boon at Bernstein Litowitz.
Attorneys at Sullivan & Cromwell highlight key enforcement topics the Commodity Futures Trading Commission may prioritize going forward and areas potentially ripe for policy change as the Biden administration passes its 100-day milestone.
A flexible work environment will be key to recruiting and retention efforts post-pandemic, so law firms must develop comprehensive policies that solidify expectations and boundaries on accommodations such as flextime, remote work and reduced hours, says Manar Morales at the Diversity & Flexibility Alliance.
The current lull in special purpose acquisition company activity following the U.S. Securities and Exchange Commission's recent risk advisories offers SPAC parties an opportunity to ramp up due diligence on targets and to evaluate prior accounting of warrants to ensure regulatory compliance, say Julie Copeland and Ellen Graper at StoneTurn.
A Massachusetts federal judge’s recent rebuke of the state Attorney General’s Office for refusing to respond to discovery requests in Alliance for Automotive Innovation v. Healey highlights six important considerations for attorneys who want to avoid the dreaded benchslap, say Alison Eggers and Dallin Wilson at Seyfarth.
Following the D.C. Circuit’s recent notice discouraging use of the font Garamond in legal briefs, Jason Steed at Kilpatrick looks at typeface requirements and preferences in appellate courts across the country, and how practitioners can score a few extra brief-writing points with typography.
As the legal industry continues to change in the post-pandemic world, law firms should adapt to client demands by constantly measuring and managing the profitability of their services, says Joseph Altonji at LawVision.
Although robo-voting has modestly declined since the U.S. Securities and Exchange Commission finalized its proxy voting rule last summer, the SEC should ensure asset managers don’t wholly outsource their voting responsibilities to proxy advisers, and should consider disabling the practice outright, says Tim Doyle at Guidepost Strategies.
Recent rulings shed light on how courts and international arbitration tribunals decide if litigation funding materials are discoverable and reaffirm best practices that attorneys should follow when communicating with funders, say Justin Maleson at Longford Capital and Michele Slachetka and Christian Plummer at Jenner & Block.
The U.S. Securities and Exchange Commission should settle or withdraw its allegations that Ripple Labs' XRP is an unregistered security, and focus on creating new rules for securities registration that account for the unique dynamics of digital assets, says J.W. Verret at George Mason University.
Distributed ledger and smart contracts may make fractional ownership of nonfungible tokens possible without the complications of traditional securities sales, and market participants stand to benefit from the associated innovation and efficiencies, say Mack Legal principal Thomas Mack and Google product counsel Richard Widmann.
This year's law graduates and other young attorneys must recognize that the practice of law tests and rewards different skills and characteristics than law school, and that what makes a lawyer valuable changes over time, says Vernon Winters, retired partner at Sidley.
Billions in bank losses related to the recent collapse of Archegos Capital Management point to bank risk management and compliance deficiencies, and highlight several steps brokerages should take to avoid exposure next time a family office customer blows up, say consultants at StoneTurn.
At its May conference, the U.S. Supreme Court should agree to review BofI Securities Litigation, to clear up a circuit split on how to assess loss causation in securities fraud cases, as shareholder class actions increasingly focus on external events that led to a stock drop, says Lyle Roberts at Shearman & Sterling.
Following a Kansas bankruptcy court's recent decision in Fencepost, junior lenders should be aware that voting provisions in subordination agreements may not be enforceable, say Laura Appleby and Elizabeth Little at Faegre Drinker.