Tyson Foods subsidiaries have agreed to buy American Proteins' and its AMPRO Products unit's poultry rendering and blending assets for around $850 million, a deal expected to help the food giant recycle more animal products for pet food, agriculture and feed, the companies announced Tuesday.
A key witness in the U.S. government's case against Valeant Pharmaceuticals International Inc. manager Gary Tanner, who is accused of scheming to have his employer acquire mail-order pharmacy Philidor Rx Services LLC in exchange for a $9.7 million kickback, told a New York federal jury Monday that he was "concerned" by how close Tanner was with Philidor and what he was doing there.
Keurig Green Mountain Inc. on Monday announced an $8 billion private bond offering to help fund its estimated $21 billion merger with Dr Pepper Snapple Group Inc., aiming to complete a tie-up that would create a North American beverage behemoth.
St. Luke’s Health System urged the Ninth Circuit on Monday to toss $7.5 million in attorneys’ fees awarded to two hospitals that spearheaded an antitrust suit against the Idaho-based health organization, arguing the successful claims against it were fought by intervening government lawyers, not its rivals’ attorneys.
Bankrupt specialty paper maker Appvion Inc. received court approval Monday in Delaware for a $340 million sale of its assets to a post-petition lender that was made possible through a global settlement among the debtor, the buyer and various creditor groups and interested parties.
EDP - Energias de Portugal plans on snubbing China Three Gorges Corp.’s €9.1 billion ($10.9 billion) takeover offer, ConocoPhillips is getting ready to sell its North Sea oilfields, and regulators in China have reignited their probe of Qualcomm’s bid to buy NXP Semiconductors.
Comfort footwear maker The Rockport Company LLC filed for Chapter 11 protections Monday in Delaware, listing $287 million of funded debt obligations and planning a sale of its global wholesale and e-commerce assets that will likely leave its retail operations on the chopping block.
A joint venture of AccorHotels and Chile-based Algeciras has reached an agreement to buy Atton Hoteles, and AccorHotels' consideration is $105 million, according to an announcement from AccorHotels on Monday.
Xerox walked away from its planned $6.1 billion combination with Fuji and ousted several board members and its CEO in a settlement with activist investor Carl Icahn and fellow Xerox shareholder Darwin Deason, in the latest twist in a battle that has heated up in the five months since the tie-up was announced. Here, Law360 recounts the drama leading to the merger’s downfall.
The relationship of Michael Cohen, President Donald Trump’s personal attorney, with telecommunications giant AT&T has drawn a congressional microscope as a trio of Senate Democrats, including Elizabeth Warren of Massachusetts, pushed the company Monday to explain a contract they said raises questions of “a pay-for-play operation.”
CBS Corp. and five directors asked the Delaware Chancery Court on Monday to keep Shari Redstone from interfering in a board meeting this week where they hope to deflate her voting power, saying she’s jeopardized the company by trying to force its merger with Viacom Inc., a deal the directors recommended rejecting over the weekend.
California surveillance-camera maker Arecont Vision Holdings LLC filed for Chapter 11 protection in Delaware on Monday, saying it is in the process of finalizing an asset purchase agreement.
The Tenth Circuit on Friday threw out a putative investor class action stemming from the merger of energy firms Williams Companies Inc. and Energy Transfer Equity LP, agreeing that a lower court properly rejected a retiree system’s claims that Williams executives misled it about merger talks.
Canadian medical cannabis producer Aurora Cannabis Inc. said on Monday that it has agreed to buy MedReleaf Corp. for C$3.2 billion ($2.5 billion) in a deal that was guided by McMillan LLP.
Houston-based Cadence Bancorp. and Atlanta’s State Bank Financial Corp. on Sunday said they agreed to a stock-for-stock merger in a deal valued at around $1.4 billion to create a combined company boasting $16 billion in assets and locations all across the South.
Brookfield Asset Management Inc. has made a $3.3 billion bid to buy Herbert Smith Freehills LLP-counseled Healthscope Ltd., topping an offer the company received in April, according to an announcement on Monday from Australia hospital operator Healthscope.
Xerox announced Sunday that it will no longer pursue its $6.1 billion combination with Fuji and that it inked a new settlement agreement with activist investor Carl Icahn and fellow Xerox shareholder Darwin Deason, marking an end to a contentious battle over the now-dead transaction.
U.S. Securities and Exchange Commission member Hester Peirce on Friday delivered a sharp rebuke of her agency’s past enforcement practices, particularly the “broken windows” approach of punishing small infractions, as she called on the regulator to police the markets with a lighter and more "calibrated" touch.
The NFL’s Carolina Panthers could reportedly be sold to billionaire David Tepper, Emirati sovereign wealth fund Mubadala is having a hard time selling a Swiss private bank, and China’s Ant Financial may secure $10 billion in funding in the next few days.
The U.S. activist hedge fund Elliott Associates LP is seeking at least $670 million from South Korea over its decision to back the $8 billion merger of two Samsung affiliates in 2015, according to documents released by the country's Ministry of Justice on Friday.
The impact of millennials has already been felt within the legal community by our eagerness to embrace new technologies. One way that we will have potentially even more impact lies in our willingness to embrace new ways of developing business and financing law, says Michael Perich of Burford Capital LLC.
The FBI raid of the office of President Donald Trump’s personal lawyer set off a firestorm of controversy about the sanctity of the attorney-client privilege, epitomized by Trump's tweet that the "privilege is dead." But attorney-client privilege is never taken lightly — I have battle scars from the times I have sought crime-fraud exceptions, says Genie Harrison of the Genie Harrison Law Firm.
A recently settled shareholder suit against BancorpSouth was one in a series of securities class actions filed in the wake of money laundering-related enforcement actions. And this trend does not appear to be limited to the United States, says Harry Dixon of Taylor English Duma LLP.
In this series, experts discuss the unique aspects of closing a law firm, and some common symptoms of dysfunctionality in a firm that can be repaired before it's too late.
I am often asked, “When there are one or more partner departures, what can a firm do to prevent this from escalating to a catastrophic level?” The short answer is “nothing.” Law firms need to adopt culture-strengthening lifestyles to prevent defections from occurring in the first place, says Larry Richard of LawyerBrain LLC.
Given the competing public policies of protecting clients’ right to counsel of their choice, lawyer mobility, and the fiduciary duty partners owe to a dissolved firm, it behooves law firms to carefully review their partnership agreements to make sure they adequately spell out what happens in the unfortunate event that the law firm chooses to wind down, say Leslie Corwin and Rachel Sims of Blank Rome LLP.
The Delaware Chancery Court's recent decision in a Tesla stockholder case shows that even a shareholder with a “relatively low” ownership stake representing a “small block” may be found to be controlling under certain circumstances, say attorneys with Paul Weiss Rifkind Wharton & Garrison LLP.
There has been, of late, significant dispute as to the application of the unfinished business doctrine, particularly with respect to hourly rate matters of now-dissolved large law firms. And the California Supreme Court’s recent decision in Heller Ehrman, like others as to similar points, is highly questionable, says Thomas Rutledge of Stoll Keenon Ogden PLLC.
While the media has been reporting on tax reform, tax reform will impact the media industry itself. Reform's effects are numerous, from a reduction in tax rates and new deductions to the loss of important deductions and new international regimes that have kept tax experts waiting in anticipation of further guidance, say attorneys Michele Alexander and Ryan Davis of Bracewell LLP.
China is concentrating all antitrust regulation and enforcement in one agency — one of the most significant changes since the Anti-Monopoly Law came into force 10 years ago. The consolidation has the potential for both positive and negative implications, say attorneys with White & Case LLP.