NextEra Inc. told Texas regulators Tuesday their rejection of its $18 billion bid to take over Oncor Electric Delivery Co. LLC isn’t supported by state law and wrongly concludes it would subject Oncor ratepayers to increased risks.
The U.S. government asked the Delaware Chancery Court late Tuesday to halt a case alleging the founder of cloud computing company ServiceMesh Inc. paid bribes to score nearly $100 million in earn-out payments from the company's sale, saying it wants to finish a criminal investigation first.
Private equity firm Sycamore Partners has agreed to pick up Staples Inc. for $6.9 billion, a deal that comes after the office supply retailer’s attempted tie-up with rival Office Depot Inc. was blocked by antitrust regulators.
Canadian asset management firms have recently plowed billions of dollars into U.S. renewable energy companies, upping a bet on the American clean energy sector's long-term growth despite the Trump administration's singular focus on fossil fuels, experts on both sides of the border say.
Cravath Swaine & Moore LLP aided cardiovascular medical device company The Spectranetics Corp. in its €1.9 billion ($2.16 billion) sale to Netherlands-based health technology giant Royal Philips, an effort by the Dutch company to boost its image-guided therapy unit, that the pair announced Wednesday.
Neal Katyal seemingly tried to educate Justice Samuel Alito about a well-known Latin phrase, Justice Sonia Sotomayor prayed aloud that she wouldn’t be assigned a mind-numbing opinion, and Justice Elena Kagan needled a lawyer who confused her with another justice. Here, Law360 wraps up the top moments of legal levity from the latest high court term.
Since the death of Justice Antonin Scalia last year, a new U.S. Supreme Court justice has emerged as the most talkative at oral arguments — and the title holder should come as no surprise to court watchers.
The justices’ level of engagement at oral argument can provide a crucial window into their thinking on an issue, but interpreting what that might mean for how they’ll rule is an elusive art. Here, Law360 looks at the sessions in which each justice engaged the most.
TPG Pace Holdings Corp., a blank check company backed by private equity firm TPG and led by Hotwire.com founder Karl Peterson, priced a $400 million initial public offering on Tuesday, raising money to pursue an acquisition potentially in the technology, media or business service industries.
A French, private equity-backed medical diagnostic equipment manufacturer could sell for €2 billion or more, KKR will rake in £1.4 billion through the sale of its stake in a Norwegian software company, and Halliburton has its eye on a U.S. oilfield equipment supplier backed by billionaire George Kaiser.
Interactive Intelligence Group Inc. shareholders told an Indiana federal court Tuesday the company's board members and CEO should face claims that they omitted crucial financial information ahead of the company's $1.4 billion sale to rival Genesys Telecommunications Laboratories Inc.
Government Properties Income Trust's board of trustees unanimously approved its bid to buy fellow real estate investment trust First Potomac Realty Trust for $1.4 billion, Government Properties announced Wednesday, a deal that it said will help expand its business in the Washington, D.C., metro area.
Toshiba told a Tokyo court that its joint venture partner, California-based Western Digital, is overstating its consent right to the Japanese company’s anticipated memory business divestiture in an effort to derail the roughly 2 trillion yen ($17.9 billion) transaction, calling the behavior anti-competitive, according to a Wednesday statement.
Bankrupt Westinghouse Electric Co. LLC suffered a potential $2 billion setback on Tuesday in its dispute with Chicago Bridge & Iron Co. over the purchase of its nuclear unit, as Delaware’s Supreme Court ruled the contract strictly limits what items Westinghouse can challenge in a post-sale review process.
In Neil Gorsuch, Clarence Thomas seems to have found a U.S. Supreme Court justice after his own heart. The court’s newest member and its most silent one cast identical votes in case after case this year, at times taking positions deemed more conservative than those of their fellow Republican appointees on the court.
Lewis Brisbois Bisgaard & Smith LLP announced Monday that it has added three partners to its Houston office, bolstering its corporate and commercial litigation practices.
Dykema Cox Smith has added to its ranks, announcing recently that three attorneys have joined its Dallas office as senior counsel, bolstering both the commercial litigation and corporate finance practice groups.
“Concurring opinion” can feel like a misnomer when a justice departs from — or downright slams — the reasoning of the majority. Here are the opinions from the latest U.S. Supreme Court term in which the biggest divisions bore the label of agreement.
A Louisiana man agreed to pay $25,000 to settle the U.S. Securities and Exchange Commission’s claims that he participated in a fraudulent scheme to use subsidiary sales to gussy up the books of a motor freight business and a beverage firm, according to a judgment entered Tuesday in New York federal court.
While there were fewer dissents coming from the U.S. Supreme Court during its October 2016 term than in years past, justices still managed to come up with creative disses and blistering attacks when they were on the losing side. Here, Law360 highlights the term’s top dissents.
For many years in the world of private equity, an independent sponsor was known as a “fundless sponsor,” a term used in a derogatory fashion by its competitors. Times have changed, says Stephen M. Fields of Carter Ledyard & Milburn LLP.
In December 2015, an amendment to Rule 26 of the Federal Rules of Civil Procedure was implemented with the intent of putting reasonable limits on civil discovery. The many subsequent cases that have applied the amended rules provide guideposts for litigants and practitioners, say Brandee Kowalzyk and Christopher Polston of Nelson Mullins LLP.
The simple practice of asking jurors important and substantive questions early can help make trial by jury a more reliable form of dispute resolution, say Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project.
A new era of increased regulatory scrutiny over insurance company mergers and acquisitions transactions appears to be dawning, if recent events are any indication. In this environment, it would behoove potential acquirers to be well versed in current regulatory expectations to securing statutory approval of a deal, says Robert Fettman of Hogan Lovells US LLP.
Given Whole Foods' relatively small presence in the grocery industry, the idea that this deal gives Amazon an unfair advantage in either the physical or online market appears overblown. Equally overblown appear to be concerns that the transaction will result in buyer power, says Lisl Dunlop of Manatt Phelps & Phillips.
It was a privilege to spend a half-hour on the phone with the nation's foremost First Amendment lawyer. Floyd Abrams and I discussed his career, his new book and what he sees in his free-speech crystal ball. And he was a very good sport when I asked if it is constitutionally protected to yell inside a movie theater: “Citizens United is a terrible decision and should be set on fire,” says Randy Maniloff of White and Williams LLP.
Recent surveys show that law firms won't be able to rely on the flood of associates their business model demands as long as they require them to dedicate all day, most nights, every weekend and all holidays to firm business, says Jill Dessalines, founder of Strategic Advice for Successful Lawyers and former assistant GC at McKesson Corp.
The recent case of Davis v. EMSI Holding reminds us that basic Delaware law can defeat even the most well-crafted indemnification arrangements in a private company stock acquisition, says Craig Godshall of Dechert LLP.
Despite legal education training and the focus on logic and reason by the courts, lawyers address emotional issues on a daily basis — albeit more indirectly. But a shift to consciously and strategically addressing emotions gives us a powerful tool to help our clients reach faster, better decisions, say dispute resolution experts Robert Creo and Selina Shultz.
The Delaware Chancery Court’s recent decision in SWS Group raises the question whether below-the-merger-price appraisal results will now become more common. A number of commentators have suggested that the answer is yes, but their conclusion follows what we believe to be a misconception, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.