The official committee of unsecured creditors in the Chapter 11 case of drugmaker Mallinckrodt PLC objected on Friday to the company's proposed sale of a development-stage pharmaceutical, saying the company didn't run an adequate marketing process and is seeking to sell the asset at too low of a price.
A California appeals court has affirmed a $9.2 million fee award in a decade-old real estate dispute over a San Francisco apartment complex loan, ruling the trial court was correct to award prevailing-party fees to defendant lenders in litigation brought by a borrower.
A bipartisan group of lawmakers introduced a package of legislation in the U.S. House on Friday aimed at reining in large technology companies and restoring competition in digital markets, including a measure barring the tech giants from competing on their own platforms.
Two Extended Stay America Inc. stockholders have sued in Delaware's Chancery Court for documents on a planned $6 billion sale of the 652-hotel chain to funds managed by Blackstone Group and Starwood Capital, saying insider self-interest and buyer clout may have tainted the deal.
Hedge fund titan Bill Ackman's multilayered proposal to acquire a minority stake in music giant UMG through his special purpose acquisition company, while also enabling future acquisitions, seeks to rewrite the SPAC playbook through several complicated steps that could spur imitators.
BakerHostetler nabbed a Wilson Sonsini Goodrich & Rosati PC attorney who is a deft hand at export controls, economic sanctions and foreign investment issues and has significant government experience with trade enforcement actions, according to a firm announcement.
Foley & Lardner LLP has added an attorney previously with DLA Piper LLP who specializes in cross-border transactions in Latin America as a partner in its Silicon Valley office, the latest lawyer to join the firm's growing presence in northern California, Foley announced.
With so much mergers and acquisitions news this week, you may have missed several deals announced in the last several days helmed by firms such as Debevoise & Plimpton LLP and Moore & Van Allen PLLC.
Magnachip said Friday it's mulling a competing takeover offer from Cornucopia Investment Partners worth roughly $1.66 billion, an interloping bid aimed at topping a previously announced $1.4 billion private equity buyout of the South Korean semiconductor company.
Germany's Signa Sports United, an e-commerce platform for sports equipment and apparel, will go public at a $3.2 billion enterprise value by merging with a private equity-backed special purpose acquisition vehicle, the companies said Friday, in a deal built by Skadden and Kirkland.
French reinsurers Scor SE and Covea Group have reached a settlement ending their bitter three-year legal battle after a planned €8.2 billion ($9.9 billion) takeover soured, announcing their intention to resume "peaceful relations" as Covea sheds shares in its rival.
The United Kingdom's competition enforcer is looking into British gas and electricity provider National Grid's £7.8 billion ($10.9 billion) plan to pick up a Wales-based utility from an American company in a swap worth $14.7 billion.
An investor in special purpose acquisition company Churchill Capital Corporation IV has launched a proposed class action in New Jersey federal court alleging Churchill and electric car company Lucid Motors misrepresented Lucid's production goals, driving up trading prices for Churchill shares as rumors swirled that the SPAC would buy Lucid to bring it public.
GPS maker NextNav said Thursday it plans to go public at a valuation of roughly $1.225 billion through a merger with a blank-check company, in a deal led by K&L Gates LLP and Hogan Lovells.
The Biden administration hasn't yet said whether TikTok's Chinese owner will need to sell the video-sharing platform's U.S. operations, but the move to rework Trump-era executive orders that sought to ban the app hints at an effort to strike a balance between an open investment environment and the protection of sensitive personal data.
Paul Hastings LLP has launched a global energy transition and infrastructure team that it says will bring together M&A, private equity, finance and regulatory attorneys to help companies and investors address an appetite for more climate-friendly business ventures.
Robinhood is pushing its IPO to next month, Indian e-commerce giant Flipkart could raise $3 billion or more at a roughly $40 billion valuation, and Swiss sports data analyst Sportradar is dropping SPAC merger plans to pursue a traditional IPO. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.
Greenberg Traurig LLP announced Wednesday that it has hired a former DLA Piper corporate partner as a shareholder in Dallas.
A Delaware vice chancellor said Tuesday there was no reliable evidence that the buyer of a wind farm company that was developing a project in Illinois struck a "nefarious side deal" to diminish the payout to minority stockholders.
Boston-based drug discovery startup Valo Health LLC said Wednesday that it plans to go public at a valuation of about $2.8 billion through a merger with a blank check company, in a deal led by Goodwin Procter LLP and Latham & Watkins LLP.
Bankrupt asset management and trading software business Adara Enterprises Corp. secured confirmation of its Chapter 11 plan in Delaware on Wednesday, under which it will restructure $13 million in debt and give top creditor ESW Holdings control of the company.
President Joe Biden on Wednesday revoked Trump-era executive orders that sought to ban TikTok, WeChat and other apps from the U.S. market and issued his own order to review multiple foreign-controlled apps that could pose a security risk to the data of users in America.
Private equity-backed Ciox Health will combine with fellow health care technology provider Datavant Inc. in a transaction valued at about $7 billion that was built by law firms Ropes & Gray, Goodwin Procter and Sidley Austin, the companies said Wednesday.
A potential showdown over China's efforts to integrate Taiwan more closely with the mainland could cost the U.S. dearly in terms of military advantage and international alliances, experts told the Senate Armed Services Committee on Tuesday.
The Senate on Tuesday approved a major bipartisan bill meant to fuel technological and economic competition with China with trade provisions and around $200 billion in funding for semiconductors, telecom equipment and scientific research.
Quantitative comparison tools commonly used by companies in evaluating merger targets will allow law firms to assess lateral hire candidates in a demographically neutral manner, help remove bias from the hiring process and bring real diversity to the legal profession, says Thomas Latino at Florida State University.
The Third Circuit’s recent broad decision that NextEra's unsuccessful merger bid for Energy Future Holdings could nevertheless benefit EFH's bankruptcy estate provides future stalking horse bidders substantial leverage and may establish an alternative way for them to recover transactional expenses, says Ronit Berkovich at Weil.
The Federal Trade Commission's move to drop its lawsuit challenging the proposed merger of Illumina and its cancer-screening spinoff Grail is procedural posturing that undermines the agency's goals and has created maximum uncertainty for companies focused on creating life-saving technologies, say Zarema Jarimillo and Leiv Blad at Lowenstein Sandler.
As we emerge from the pandemic, small and midsize firms — which offer an ideal setting for companywide connection — should follow in the footsteps of larger organizations and heed the American Bar Association’s recommendations by adopting well-being initiatives and appointing a chief wellness officer, says Janine Pollack at Calcaterra Pollack.
Antitrust law can and should be updated to reflect the needs of our modern economic landscape by addressing specific areas where meaningful problems exist, but some proposals, like the call to overturn the consumer welfare standard, go too far, says Trace Mitchell at NetChoice.
In light of a new California law that affords recall rights to certain laid-off employees, attorneys at Baker McKenzie review challenges presented by various employment laws and board diversity requirements when executing mergers and acquisitions in the Golden State.
A close examination of 7-Eleven's Speedway acquisition shows that adding certain language to the deal's closing conditions might have kept it out of prolonged Federal Trade Commission antitrust jeopardy, say attorneys at Cadwalader.
USA 500 Clubs' Joe Chatham offers four tips for lawyers to get started with relationship marketing — an approach to business development that prioritizes authentic connections — and explains why it may be more helpful than traditional networking post-pandemic.
Milestone Consulting’s John Bair explores contingency-fee structuring considerations for attorneys, laying out the advantages — such as tax benefits and income control — as well as caveats and investment options.
The pandemic accelerated the pace of technological change for legal education, and some of the changes to how law school courses are taught and on-campus interviews are conducted may be here to stay, says Leonard Baynes at the University of Houston.
The pursuit of perfection that is prevalent among lawyers can lead to depression, anxiety and other mental health impacts, but new attorneys and industry leaders alike can take four steps to treat this malady, says Liam Montgomery at Williams & Connolly.
Despite pandemic-related challenges this year, law firms can effectively train summer associates on writing and communicating — without investing more time than they ordinarily would, says Julie Schrager at Schiff Hardin.
The utility of legal technology innovations may be limited without clear data and objectives from the outset, but targeted surveys can provide specific insights that enable law firms to adopt the most appropriate and efficient tech solutions, says Tim Scott at Frogslayer.
Amid high demand for associates and aggressive competition to attract talent, law firms should take three key steps to conduct meaningful prehire due diligence and safeguard against lateral hiring mistakes that can hurt their revenue and reputation, says Michael Ellenhorn at Decipher.
The use of representations and warranties insurance in M&A could result in waiver of the attorney-client privilege, but policyholders can do a number of things to minimize disclosure of transaction-related information when negotiating the insurance policy and after a claim arises, say attorneys at Bass Berry.