The Federal Trade Commission is finally primed to receive a new leader with President Donald Trump’s expected nomination of Joseph J. Simons of Paul Weiss Rifkind Wharton & Garrison LLP to serve as the agency’s chairman, but antitrust attorneys say not to expect any major shifts in policies or priorities if he gets confirmed. Here, Law360 takes a look at what Simons might face at his confirmation hearing and what an FTC under him could look like.
The Federal Communications Commission on Wednesday announced it is slowing down its review process for the proposed merger between Sinclair and Tribune to allow the public more time to comment on additional details the media giants provided this month on the $3.9 billion deal.
Philip Shawe, the co-founder of legal translation firm TransPerfect who is fighting its court-ordered sale, pushed the Delaware Chancery Court on Thursday to unseal filings from the custodian running the sale process, arguing he is taking "extreme liberties" with the judge's previous permission to keep some information under wraps.
The American arm of the Benihana restaurant chain asked the Second Circuit on Wednesday not to revive a suit alleging it tried to force its international counterpart into handing over that counterpart's franchises, arguing that a lower court properly held the America arm was acting in its economic best interest.
Ride-hailing service Lyft Inc. scored $1 billion in a financing round led by Google affiliate CapitalG, lifting its valuation to $11 billion with an investment that also added a board member to the California-based company, according to a Thursday statement.
Multiple private equity firms are vying for Unilever's multibillion-dollar margarine and spreads business, U.K.-based easyJet Airline will buy assets from bankrupt Air Berlin, and China's Sinochem is readying a Hong Kong initial public offering of shares in its main oil assets.
Parker Hannifin Corp. and Clarcor Inc. on Wednesday accused the federal government of dragging its feet to challenge their $4.3 billion tie-up, urging a Delaware federal court to block enforcers’ bid to partially unwind the now-completed transaction.
Spain-based toll road operator Abertis Infraestructuras SA’s board of directors called on Italy’s Atlantia SpA to sweeten its proposed €16.34 billion ($19.3 billion) takeover offer Thursday, a day after a competing bid was lobbed by a unit of Spanish building company Actividades de Construccion y Servicios SA.
AbbVie Inc. will have to face litigation that it defrauded a Shire PLC investor when it pulled out of a $55 million merger between the companies in Illinois state court, a federal judge ruled Wednesday, despite a fight by AbbVie to keep it on the federal stage.
Discount retailer Dollar Tree Inc. on Wednesday attacked counterclaims lobbed by the purchaser of its divested stores in its Delaware suit seeking payment for inventory, saying Dollar Express has no facts to back up its argument that Dollar Tree sought to sink the stores after the transfer.
An Italian private equity infrastructure fund manager is seeking to raise at least $3.5 billion, Advent International is selling its stake in a Spanish explosives maker that was founded by the inventor of dynamite, and Canadian retailer Roots raised $160 million in its IPO.
President Donald Trump on Thursday named Joseph J. Simons of Paul Weiss Rifkind Wharton & Garrison LLP to lead the Federal Trade Commission in a bid to fill one of the major gaps in his administration’s leadership on antitrust, merger and consumer protection policy.
AT&T Inc. on Wednesday said that Brazil’s antitrust authority has conditionally approved its planned $85.4 billion purchase of Time Warner Inc., leaving the U.S. Department of Justice as the last regulatory hurdle for the megadeal.
A unit of Spanish building company Actividades de Construccion y Servicios SA lobbed a competing, €17.1 billion ($20.1 billion) bid at Spain’s Abertis Infraestructuras SA on Wednesday, topping an offer made for the toll road operator earlier this year by Italy’s Atlantia SpA.
A Second Circuit panel on Wednesday torpedoed a former Faruqi & Faruqi LLP partner’s bid for a cut of $4 million the firm had earned on a settlement for a client she'd brought in, ruling that a New York federal judge hadn’t erred in concluding her oral compensation agreement with the firm wasn’t enforceable under state law.
New York-based Assurant Inc., led by Willkie Farr & Gallagher LLP, said in a Wednesday statement it will snap up private-equity-backed The Warranty Group for $1.9 billion, as the insurance company looks to expand its global reach.
Australia's competition watchdog said Wednesday it is keeping an eye on French hotel group Accor SA’s AU$1.3 billion (US$1 billion) deal for Mantra Group, less than a week after the proposed tie-up was revealed.
Investment manager Investcorp said Wednesday it will acquire Kee Safety Ltd., a U.K.-based supplier of guardrail and other safety products, from private equity firms Dunedin LLP and Lloyds Development Capital Ltd. for $370 million (£280 million) as Investcorp aggressively pursues a new growth strategy.
Europe's competition enforcer said on Wednesday that it has approved Becton Dickinson and Co.'s planned $24 billion purchase of fellow New Jersey-based medical supply company C.R. Bard Inc., accepting the divestment proposed by BD last month.
The company that bought cloud computing business ServiceMesh Inc. in 2013 asked Delaware’s chancellor Tuesday for clearance to pursue millions in escrowed funds for legal fees paid for ServiceMesh’s recently indicted ex-CEO.
Today's law firm chief financial officer should be involved in many areas beyond traditional financial management, including operations, risk management and information technology. He or she can support strategic planning throughout the process, from development of the plan to its implementation, measurement and eventual evolution, say Tyler Quinn and Marc Feigelson of Kaufman Rossin PA.
Clients are beginning to expect and demand that their external lawyers provide advice tailored to the client's industry. Aside from this, law firms should want to move toward a sector approach because industry-focused groups are a natural place for cross-practice collaboration to flourish, say Heidi Gardner and Anusia Gillespie of Harvard Law School.
The Delaware bankruptcy court’s recent decision in Energy Future Holdings, granting a motion to reconsider a decision it made over a year ago and denying a breakup fee it had previously approved, is at once troubling and instructive, say Steven Wilamowsky and Sara Ghadiri of Chapman and Cutler LLP.
In their new book, "The Judge: 26 Machiavellian Lessons," do Ronald Collins and David Skover prove their thesis that hypocrisy is the key to judicial greatness? Some of the examples they present are hard to dispute, says Judge Alex Kozinski of the Ninth Circuit.
A Texas federal court recently struck down the temporary anti-inversion regulation charged with preventing the planned merger between Pfizer and Allergan as well as other cross-border transactions. The decision may have significant procedural implications, but there may be little practical import for this specific regulation, say attorneys with Eversheds Sutherland.
Financial Crisis Anniversary
After nearly a decade of recession-accelerated change in the legal industry, “merit-based” compensation has largely come to mean measuring attorney success using some combination of origination and working attorney hours metrics. However, there are signs that the real impact of the recession is still around the corner, and that building a book isn’t enough, says Peter Zeughauser of Zeughauser Group.
While it lends more than $100 million each year to our nation’s college students — including law students — the U.S. Department of Education surprisingly limits loan counseling to one-time entrance counseling for first-time student borrowers. Is this rational? asks Christopher Chapman, president of AccessLex Institute, a nonprofit focused on access to legal education.
The U.S. Department of Justice's recent lawsuit challenging Parker Hannifin’s consummated acquisition of Clarcor serves as an important reminder that the agencies can — and in some limited instances will — challenge consummated transactions that were reported to them under the Hart-Scott-Rodino Act, says Jack Sidorov of Lowenstein Sandler LLP.
The shift to electronic filing has somewhat eased the task of reviewing briefs and their supporting files. An e-brief takes e-filing to the next level, says Christine Falcicchio, a principal at Strut Legal Inc.
Recent guidance from the New York City Commission on Human Rights clarifies several aspects of the city's new salary history law that takes effect this month, including its application in the context of corporate acquisitions, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.