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Mergers & Acquisitions

  • August 2, 2018

    Cotiviti Investor Sues Over $4.9B Verscend Deal

    Stockholders of health care payment validation giant Cotiviti Holdings Inc. launched a proposed Securities Exchange Act class action against the company and its directors late Wednesday in Delaware federal court targeting alleged disclosure failures in connection with a planned $4.9 billion merger.

  • August 2, 2018

    White & Case Nabs Chicago M&A, Equity Atty From DLA Piper

    White & Case has added Thomas Horenkamp to its roster to beef up its global mergers and acquisitions and global private equity industry groups in its new Chicago office, the firm has announced.

  • August 2, 2018

    Netflix Waves White Flag In Relativity Ch. 11 Contract Fight

    Netflix has abandoned all opposition to continuing its distribution deal with Relativity Media LLC and dropped claims for millions of dollars in payments from the bankrupt studio, deciding Thursday to settle the case after losing a bid to collect $9 million for a breach of its exclusive streaming agreement.

  • August 2, 2018

    Sidley Austin Must Give Investor More Info On Privilege Log

    A Florida federal judge declined on Wednesday to force Sidley Austin LLP to turn over allegedly privileged documents to a Linkwell Corp. investor suing over two mergers, but ordered the law firm to produce a more detailed privilege log so the court can determine whether the communications listed are subject to discovery.

  • August 2, 2018

    Focus Brands Inks $200M Deal To Take Jamba Juice Private

    Private equity-backed Focus Brands Inc. has agreed to take the Texas-based owner of health food chain Jamba Juice private in a deal valued at roughly $200 million and steered by Paul Weiss Rifkind Wharton & Garrison LLP and DLA Piper, the companies announced on Thursday.

  • August 2, 2018

    Rent-A-Center Investor Sues To Halt $1.4B PE Sale

    A Rent-A-Center investor filed a complaint in Delaware federal court Thursday seeking to stop the nearly $1.4 billion sale of the rent-to-own retailer to a private equity firm, claiming it issued incomplete statements about the transaction to stockholders.

  • August 2, 2018

    Deals Rumor Mill: Jin Jiang, Abraaj, Cigna

    Jin Jiang International is reportedly considering making an offer for HNA Group’s Radisson Hotel Group, KKR and TPG are the front-runners for Abraaj’s health care fund, and Carl Icahn plans to vote against Cigna’s proposed deal for Express Scripts.

  • August 2, 2018

    2 Investors Say Boardwalk Pipeline Settlement Is Unfair

    A pair of investors in pipeline venture Boardwalk Pipeline Partners LP on Thursday told a Delaware Chancery Court judge that they will object to the proposed settlement of a potential class action suit because the consideration given to shareholders is not enough to justify broad releases being given to the defendants.

  • August 2, 2018

    Weinstein Ch. 11 Emails OK’d For Rape Charges Defense

    A Delaware bankruptcy judge consented Thursday to the use of 40 redacted victim emails from The Weinstein Co.’s Chapter 11 files in a reported plan to seek dismissal of rape and sexual predator charges against Harvey Weinstein in a New York proceeding on Friday.

  • August 2, 2018

    Retailer Brookstone Opens Ch. 11 In Del. With Sale Plans

    Specialty retailer Brookstone again filed for Chapter 11 protection in Delaware on Thursday with plans to close 102 mall stores and sell its airport locations, wholesale and e-commerce operations, citing continued lagging sales just four years after its prior bankruptcy sale.

  • August 2, 2018

    UK Launches Broad Review Of Tech Competition Policies

    The United Kingdom unveiled plans Thursday to review competition rules for the country's £116 billion ($151 billion) digital sector, hiring an economics expert who served under former U.S. President Barack Obama to examine a host of issues, ranging from how to deal with mergers between tech companies to the antitrust implications of data concentration.

  • August 2, 2018

    EU Watchdog To Probe Copper Merger On Antitrust Worries

    The European Commission on Wednesday opened an investigation into a proposed merger of two German rolled copper manufacturers, based on competition concerns, the second such tie-up to get an in-depth look in the last two weeks.

  • August 2, 2018

    Radio Mentorship Program Passes FCC With Opposition

    The Federal Communications Commission on Thursday voted to approve framework for a program that lets established radio broadcasters obtain a break on media ownership rules in exchange for shepherding a new or struggling station, over objections that such a program doesn't go far enough to address barriers to minority ownership.

  • August 2, 2018

    King & Spalding Beefs Up PE Practice With 8 New Hires

    King & Spalding LLP has announced the addition of eight lawyers to its private equity practice, including the former co-chair of Morrison & Foerster LLP's global private equity and buyouts and global energy and infrastructure practices, as part of a push to cement itself as one of the world's preeminent PE law firms.

  • August 2, 2018

    Morgan Lewis Adds WilmerHale Partners In Silicon Valley

    Morgan Lewis & Bockius LLP has hired a pair of WilmerHale partners who advise technology and life sciences clients on complex deals to add to its global corporate transactions team in Silicon Valley, the firm said on Wednesday.

  • August 2, 2018

    Del. Court Tosses NextEra's $60M Admin. Claim In EFH Ch. 11

    NextEra Inc. can't recover $60 million in costs it incurred while seeking regulatory approval for its failed $19 billion acquisition of bankrupt Energy Future Holdings Inc., a Delaware bankruptcy court ruled on Wednesday, finding that NextEra's administrative claim was clearly barred by the terms of that deal.

  • August 2, 2018

    Cisco Inks $2.35B Cash Deal For Security Software Co.

    San Jose, California-based Cisco Systems Inc. has agreed to buy privately held security software maker Duo Security for $2.35 billion in cash, the networking and information technology company said Thursday.

  • August 2, 2018

    Proskauer Reps AccorHotels On Boutique Chain Buy

    Proskauer Rose LLP has represented AccorHotels in connection with the company’s $51 million acquisition of an 85 percent stake in Louisville, Kentucky-based boutique hotel operator 21c Museum Hotels, the firm said.

  • August 2, 2018

    REIT Investor Says $1.4B Merger Suit Has Legs

    An investor suing American Finance Trust and its adviser over a $1.4 billion tie-up with another real estate investment trust urged a New York federal judge to keep the lawsuit intact, reiterating allegations that AFT and affiliated entities withheld and obscured financial information, to the detriment of shareholders.

  • August 1, 2018

    Icahn Depos Took Heated Turn, CVR And Wachtell Tell Judge

    In the latest round of a deposition battle in a long-running malpractice dispute between CVR Energy Inc. and Wachtell Lipton Rosen & Katz, both sides told a New York federal judge Wednesday that there were issues with a deposition of former CVR majority stockholder Carl Icahn.

Expert Analysis

  • Knowledge Lawyers Can Help Firms Stay Ahead Of The Curve

    Vanessa Pinto Villa

    In a profession notoriously averse to change, it should come as no surprise that there is skepticism about the value of having attorneys perform nonbillable tasks. But U.S. law firms have slowly begun to incorporate knowledge lawyers into their operations — and the trend is likely to continue, says Vanessa Pinto Villa of Hogan Lovells.

  • Congressional Forecast: June

    Layth Elhassani

    In advance of their weeklong July 4 recess, members of Congress are pursuing a busy legislative schedule, focused on the fiscal year 2019 National Defense Authorization Act and other appropriations bills, reform of export controls, immigration and border security, and the farm bill authorization, says Layth Elhassani of Covington & Burling LLP.

  • An Unprecedented Look Inside The FARA Unit

    Brian Fleming

    For close observers of the Foreign Agents Registration Act, the June 8 release by the U.S. Department of Justice of over 50 FARA advisory opinions was a watershed. These opinions offer an unprecedented glimpse into how the FARA Registration Unit interprets the law, say Brian Fleming and Andrew Herman of Miller & Chevalier Chtd.

  • Why FTC Accepted Conduct Remedies In Northrop Deal

    Francesca Pisano

    The Federal Trade Commission’s approval of Northrop Grumman’s bid to buy Orbital ATK shows that, despite a long-standing preference for structural remedies, the FTC is still willing to consider behavioral or conduct remedies to resolve potential concerns associated with vertical mergers, says Francesca Pisano of Arnold & Porter.

  • Why Lawyers Shouldn't Accept Fees In Cryptocurrency: Part 2

    John Reed Stark

    The legal industry has already begun to feel the impact of anti-bribery and anti-money laundering requirements. When involved with cryptocurrency trading and remittance, law firms face more than the risk of being perceived as organizations that support money laundering practices, says John Reed Stark of John Reed Stark Consulting LLC.

  • Why Lawyers Shouldn't Accept Fees In Cryptocurrency: Part 1

    John Reed Stark

    Law firms are increasingly accepting cryptocurrency as payment for services. While this might seem innovative and forward-thinking, ironically it is much more of a throwback, says John Reed Stark of John Reed Stark Consulting LLC.

  • Impediments To Legal Industry's 'Inevitable' Future: Part 2

    Craig Levinson

    I agree with the legal pundits speculating that NewLaw’s present and future disruptors will radically change the legal services industry, but that change may not come quite as rapidly as predicted. Regardless, now is the time for both the incumbents and the challengers to best position themselves for the eventual shakeup, says Craig Levinson, founder of Levity Partners.

  • Dr Pepper Shines Spotlight On Delaware Appraisal Rights

    Gail Weinstein

    The Delaware Chancery Court recently held that appraisal rights are not available to the stockholders of Dr Pepper in connection with the company's proposed merger with Keurig Green Mountain, raising the question of whether the reverse triangular merger structure in this case will be utilized in other transactions to eliminate appraisal rights, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.

  • UK Employment Law Risks In Cross-Border M&A

    Richard Moore

    U.K. employment law has developed in myriad ways and continues to do so. The acquisition of U.K.-based companies or assets will therefore often give rise to employment law considerations that are unfamiliar to U.S. buyers, says Richard Moore of Lewis Silkin LLP.

  • Impediments To Legal Industry's 'Inevitable' Future: Part 1

    Craig Levinson

    Legal pundits continue to make predictions that newer entrants into the industry — NewLaw firms, the Big Four and alternative legal service providers — will progressively seize greater amounts of market share from traditional law firms. But the BigLaw response has been underwhelming at best, and a glimpse at the market forces puts its lack of urgency into perspective, says Craig Levinson, founder of Levity Partners.