A Texas federal judge has denied a move to toss claims against a company owned by Los Angeles Rams owner Stan Kroenke and the Outdoor Channel alleging that Kroenke’s company interfered with a deal to sell two aerial camera businesses.
Campbell Soup Co. on Thursday said it was selling a pair of noncore businesses after an activist investor blasted “abysmal oversight” by the food giant’s board and called for the company to be sold to a strategic buyer.
Skadden Arps Slate Meagher & Flom LLP-guided Stryker Corp. said on Thursday that it has agreed to acquire all of the issued and outstanding shares of K2M Group Holdings Inc., which was led by Simpson Thacher & Bartlett LLP, in a deal that will allow the medical device maker to bolster its spinal solutions division and carries an equity value of approximately $1.4 billion.
Power management company Eaton Corp. announced Wednesday that subsidiaries it acquired in 2012 have been ordered to pay $293 million by an arbitration panel in a dispute related to claims brought by a PepsiCo Inc. unit over a 2011 asbestos settlement.
Long-running antitrust claims against American Airlines parent AMR Corp. over its 2013 acquisition of US Airways will advance to trial in New York bankruptcy court, a judge ruled Wednesday, determining that some of the customer claims over diminished airline competition merit further inquiry.
A bill that would require California companies to place a minimum number of women on their boards of directors cleared the state Assembly on Thursday, according to a news report.
Bankrupt Brookstone Holdings Corp. scrambled Wednesday to digest a new $40 million offer to serve as a stalking horse for the company’s Delaware Chapter 11, after Bluestar Alliance LLC jumped the fence and filed its bid directly onto a public court docket without being processed and filed by the debtor.
Greenberg Traurig LLP has announced that a former Squire Patton Boggs LLP partner experienced in federal and state income tax matters has joined the firm as a shareholder in its corporate and tax practices division.
Wilsonart is reportedly mulling a sale, Brazil’s J&F Investimentos SA and Paper Excellence are at odds over Eldorado Brasil’s final price, and MediaMarkt has paused plans to buy a stake in Teknosa.
Summer for the mergers and acquisitions world normally signals a slowdown, but bidding wars, megadeals, antitrust lawsuits and regulatory changes have kept dealmakers on their toes even as the season prepares for its unofficial end. Here, Law360 recaps the hottest M&A moments of the summer.
The American Cable Association has warned the Federal Communications Commission that the proposed merger of Gray Television Inc. and Raycom Media Inc. — a $3.65 billion deal that would form one company owning 142 stations in 92 markets — would hurt competition, increase broadcasters’ transmission fees and ultimately raise prices for consumers.
Gibson Dunn & Crutcher LLP represented News Corp in connection with its Realtor.com-operator subsidiary's $210 million acquisition, announced Wednesday, of real estate technology platform Opcity, which received guidance from Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP.
Attorneys for Tintri Inc. told a Delaware bankruptcy judge Wednesday that a two-day Chapter 11 auction had yielded a price for its assets that exceeded its stalking horse baseline bid by more than $13 million.
Sinclair Broadcast Group Inc. hit back against its former merger target on Tuesday, telling the Delaware Chancery Court that Tribune Media Co. walked away from their $3.9 billion megadeal and accusing the Chicago-based broadcaster of trying to cash in on a surprise move by regulators.
Reed Smith LLP has added Sidley Austin LLP’s former head of corporate and finance practice in Los Angeles and longtime mergers and acquisitions expert as a senior counsel in the same department and city.
Wilson Sonsini Goodrich & Rosati PC has expanded its corporate practice and global generic pharmaceutical industry group in Washington, D.C., with a partner who spent more than 20 years at Hogan Lovells.
Mayer Brown LLP has announced that it has recruited a leveraged finance lawyer to join its London office as partner from Fried Frank Harris Shriver & Jacobson LLP.
A class counsel bid for an $8.5 million fee-and-expense award after a losing effort to void a $1 billion Energy Transfer Equity unit issue headed for compromise talks Tuesday, with a Delaware vice chancellor noting that "ugly" acts by ETE insiders could be a factor in the outcome.
Consumer advocates and rural broadcast groups filed a bevy of petitions Monday urging the Federal Communications Commission to block Sprint's planned $59 billion merger with T-Mobile, with most warning of a severe decrease in competition among national wireless carriers and the creation of an "oligopoly."
Nautilus Solar Energy LLC on Tuesday announced the acquisition of a 13.5-megawatt community solar portfolio from Clean Energy Collective for projects in Massachusetts and New York.
Many legal teams involved in cross-border matters still hesitate to use technology assisted review, questioning its ability to handle non-English document collections. However, with the proper expertise, modern TAR can be used with any language, including challenging Asian languages, say John Tredennick and David Sannar of Catalyst Repository Systems.
A significant number of the securities class actions filed in the first half of 2018 were merger objection lawsuits, but the number of traditional filings alone was well above historical levels. If this pace continues, 2018 filings would approach last year’s elevated total, says Kevin LaCroix of RT ProExec.
Merger news from the first half of 2018 reflects a global trend toward alignment of enforcement on the national level and on the regional level, say attorneys with Latham & Watkins LLP.
A D.C. federal judge's decision last month in United States v. AT&T contains important insights that will be influential well beyond the confines of the now-completed $85 billion merger between AT&T and Time Warner, say Nathaniel Wackman and Lee Van Voorhis of Jenner & Block LLP.
Earlier this year, Rep. Trey Gowdy, R-S.C., made headlines with his decision to leave Congress and return to law. In this series, former members of Congress who made that move discuss how their experience on the Hill influenced their law practice.
Both stockholder plaintiffs and the Delaware courts are increasingly relying on company filings to assess director independence and the existence of a controlling stockholder. Companies should therefore draft independence disclosures not only to comply with the exchange rules, but also with an eye to their potential use in litigation, say attorneys with Foley & Lardner LLP.
The Senate Republican leadership and the Trump administration are racing to fill Justice Anthony Kennedy’s spot on the U.S. Supreme Court. Does opposition to their plans have any chance of success? My answer is yes, because the stakes are so high, people are so engaged, and the records of those short-listed are so deeply troubling, says Nan Aron, president of Alliance for Justice.
As clients increasingly look to limit their own liability exposure, they can reasonably expect that their retained counsel should do the same. In this context, a carefully crafted, thoughtfully presented engagement letter can help a law firm strike a successful balance between protecting itself and preserving a client relationship, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.
In this analysis of disciplinary action trends in the legal industry, Edwards Neils LLC managing member Jean Edwards examines data provided by bar organizations for 17 states and the District of Columbia.
A health care operator in financial distress may consider a number of nonbankruptcy options to streamline its operations, dispose of underperforming assets and improve its position. However, an operator with significant assets in a master lease may find that the lease imposes a variety of restrictions, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.