The CEO of 21st Century Fox won't be moving to Disney, Blackstone wants to raise roughly $4.5 billion with its third fund, and board game maker Asmodee is considering a sale.
Energy infrastructure company Enbridge Inc. on Wednesday said its indirect subsidiary agreed to sell a natural gas business to an affiliate of Boston-based private equity firm ArcLight Capital Partners for $1.12 billion in a cash deal steered by Norton Rose Fulbright and Gibson Dunn & Crutcher LLP, respectively.
The former CEO of a behavioral health company on Wednesday asked the First Circuit to reverse an “unprecedented” $3 million award to a class of shareholders by a federal judge citing an old folk tale, even after a jury had found the shareholders were not harmed.
The real estate community has been abuzz about a potential wave of REIT mergers and acquisitions, and lawyers say keeping a few key points in mind can go a long way toward achieving successful transactions. Here, Law360 looks at four things lawyers need to know as they help their clients navigate REIT deals.
Japanese job-focused firm Recruit Holdings Co. Ltd. has agreed to buy California-based online job and recruiting platform Glassdoor Inc. in a $1.2 billion deal, with Gibson Dunn & Crutcher LLP leading the seller.
Walmart revealed Wednesday that it will take a majority stake in India’s Flipkart for $16 billion, guided by Hogan Lovells, Gibson Dunn & Crutcher LLP and Shardul Amarchand Mangaldas & Co., as the big-box store looks to tap into India’s growing retail market with a top position in the e-commerce platform.
U.K.-based Vodafone said Wednesday that it will buy a portion of Liberty Global’s European business in an €18.4 billion ($21.9 billion) deal, including debt, as it looks to become the top next-generation network owner in the region.
Delaware's Chancellor issued a formal opinion Tuesday backing up his signal in March that the Chancery Court would keep alive some investor claims that Patrick Soon-Shiong improperly tapped $47 million from Precision Biologics Inc. after acquiring a controlling stake in 2015.
Westinghouse Electric Co. LLC asked a New York bankruptcy court Monday to let the nuclear power company provide several hundred employees with bonus payments totaling up to $19.6 million if it reaches certain performance milestones, adding that the incentives would help boost its performance.
The former head of Latham & Watkins LLP’s Chicago-based corporate department has jumped to King & Spalding LLP, becoming the firm’s sixth partner at its new Chicago outpost.
The U.S. Department of Justice urged a D.C. federal judge in a court filing Tuesday to either block AT&T’s planned purchase of Time Warner outright, or require the companies to sell Turner Broadcasting or DirecTV before moving ahead with the deal.
Federal Communications Commissioner Mignon Clyburn will be retiring from the agency in coming days after nearly a decade of public service with the commission. During her tenure, the Obama appointee became the first woman to chair the agency and established herself as a fierce advocate of net neutrality policies and government programs that help the underprivileged get and stay connected.
Uber's and Lyft's online grocery delivery deals with Walmart are over, Comcast is getting ready to make an all-cash offer for the 21st Century Fox assets that are currently set to be sold to Disney, and Bunge tapped banks to help it list its Brazilian sugarcane mills.
A Delaware state court judge on Monday granted final judgment to Verizon and GTE in their suit seeking coverage for the $48 million they spent defending themselves against a $14 billion shareholder suit, saying the time for the insurers to object to the claimed defense costs is past.
The Weinstein Co., battered by a tidal wave of sexual assault and harassment allegations against its co-founder Harvey Weinstein, secured a Delaware bankruptcy judge’s approval Tuesday to sell most of its assets to an affiliate of private equity firm Lantern Capital for a diminished $260 million in cash.
The Federal Trade Commission has sought additional information on Churchill Downs Inc.’s planned $50.6 million purchase of a Mississippi casino from Eldorado Resorts Inc., which must go through before the companies can go forward with a $178.9 million Pennsylvania casino deal, they disclosed Monday.
Manhattan U.S. District Judge Paul G. Gardephe ordered Jay-Z on Tuesday to give testimony to the U.S. Securities and Exchange Commission in its probe of Iconix Brand Group Inc., a troubled fashion brand company that bought assets from the rapper's Rocawear clothing line for $204 million in 2007.
A proposed class of investors on Monday hit auto insurer Infinity Property and Casualty Corp. and its board of directors in Ohio federal court with a suit accusing them of omitting financial projections from a U.S. Securities and Exchange Commission filing relating to a proposed merger with Chicago-based Kemper Corp.
California-headquartered semiconductor test and inspection company Cohu Inc. said on Monday that it has agreed to a merger agreement where it will acquire Massachusetts-based competitor Xcerra Corp. in a deal that represents a $796 million in equity value and was guided by Cleary Gottlieb Steen & Hamilton LLP.
Takeda won over Dublin-based Shire with a cash and stock deal worth roughly £46 billion ($62.1 billion) on Tuesday, after the Japanese pharmaceutical giant lobbed a series of takeover offers at the rare disease-focused drugmaker last month.
Depending on the circumstances, physician noncompetes can be enforceable, but with its recent decision in Crocker v. Greater Colorado Anesthesia, the Colorado Court of Appeals added a new wrinkle when dealing with these types of agreements, says Mark Wiletsky of Holland & Hart LLP.
Attorneys from Mayer Brown International LLP discuss the impact of the tax overhaul on leveraged lending transactions focusing on Section 956, the limitation on interest deduction and pass-through entities.
Just last month, a number of legal groups asked the Northern District of California to strike its rule requiring that, before seeking federal court admission, attorneys first be licensed by the state of California. It is irrational to exclude seasoned federal practitioners from general admission due to state bar approval while allowing raw state lawyers who have never been inside a federal courtroom, says attorney EJ Hurst.
Last month, U.S. House of Representatives Foreign Affairs Committee Chairman Ed Royce, R-Calif., introduced the Export Control Reform Act of 2018, which could have a significant impact on restricting access to U.S. technology, even within the United States. Companies should be aware that the act would increase compliance complexity and heighten enforcement risk, say attorneys with Kirkland & Ellis LLP.
One of the biggest moments in the life cycle of a company sale is when the purchase agreement gets finalized, with the client’s big cashout in sight. And then comes the big transactional buzzkill — when the deal counsel has to take a deep breath, get the client on the line, and have “the talk” about disclosure schedules, says Daniel Janis of Davis Malm & D'Agostine PC.
The insurance coverage litigation arising from the settlement of the shareholder claims filed in connection with Dole Food’s 2013 going-private transaction continues to grind on, and the latest ruling could be helpful for companies seeking to argue that Delaware law should govern the interpretation of their insurance policies, says Kevin LaCroix of RT ProExec.
There's no reason for limiting unbundled legal services to family law or even pro se litigants. Wider adoption, especially by litigators, presents an opportunity to correct law's distribution and pricing problem, to make justice practically available to all, and to dethrone litigation as the "sport of kings," says New York-based trial lawyer David Wallace.
Like medical professionals, lawyers often resist policies to reduce errors due to the culture of perfectionism that permeates the industry. Autonomy is key to the legal professional's prestige and the outward demonstration of competence is key to maintaining autonomy, says Peter Norman of Winnieware LLC.
It is undisputed that in his first year in office President Trump was able to confirm a significant number of judges to the federal bench. How it happened — and whether it's a good thing — are debated here by Sen. Chuck Grassley, R-Iowa, and Sen. Dianne Feinstein, D-Calif.
The Delaware Supreme Court's decision in Appel v. Berkman represents the first time the court has reversed the Court of Chancery's dismissal based on stockholder approval of a transaction pursuant to Corwin v. KKR. This decision raises important questions regarding the required disclosure of board deliberations, say Brad Davey and Matthew Belger of Potter Anderson Corroon LLP.