Mergers & Acquisitions

  • September 24, 2021

    'Nontraditional Questions' Appearing In FTC Merger Probes

    In at least some merger probes the Federal Trade Commission appears in recent months to have started asking questions that antitrust attorneys say they've never fielded before, including queries about unionization at the merging companies, environmental issues and corporate governance practices.

  • September 24, 2021

    QVC Ducks Antitrust Claim In Suzanne Somers Diet Pill Row

    A Pennsylvania federal judge has nixed a claim alleging antitrust violations on the part of QVC Inc. as part of a broader lawsuit from actress and entrepreneur Suzanne Somers accusing the home shopping giant of scheming to freeze her out of the market for nutritional supplements.

  • September 24, 2021

    Utility Looks To Nix FTC Deal Obligations After Spinoff

    DTE Energy Co. has asked the Federal Trade Commission to relieve it of obligations imposed by a 2019 settlement addressing concerns over the purchase of a natural gas pipeline after the company said it spun off the portion of its business with an interest in the asset.

  • September 24, 2021

    SPAC Investor Sues Over Post-Deal Slide Of Telehealth Co.

    A blank-check company stockholder whose shares began a deep nosedive immediately after its $1.35 billion reverse merger with digital health management venture UpHealth has sued sponsor Avi Katz and others in Delaware, claiming fiduciary duty breaches and unjust enrichment.

  • September 24, 2021

    UK Competition Watchdog Probing Pet Care Co. Deal

    A United Kingdom-based vet company's £20.4 million ($27.8 million) plan to pick up a rival chain has caught the eye of the nation's competition watchdog, which has ordered that the deal be put on ice while it probes the matter.

  • September 24, 2021

    Don't Miss It: Debevoise, Latham Guide Week's Hot Deals

    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 Latham & Watkins LLP.

  • September 24, 2021

    Bill Tracker: Competing Antitrust Legislation In Congress

    A swell of populist frustration with the control that powerful corporations have over daily life and the economy, especially in the tech space, has spawned a deluge of legislation in Congress aimed at ramping up antitrust enforcement and encouraging competition to the dominant players.

  • September 24, 2021

    Stroock Adds Experienced Litigation Partner In Miami

    Stroock & Stroock & Lavan LLP continued its active growth in 2021 with the addition of a Miami-based litigation partner with experience in a wide variety of disputes and arbitrations including prisoner class actions and EB-5 investment suits, the firm announced.

  • September 24, 2021

    Brand Owner Nears Ch. 11 Deal For Jessica Simpson Line

    Sequential Brands Group Inc. told a Delaware bankruptcy judge Friday that it's close to finalizing a deal with pop star Jessica Simpson to sell her the clothing line that bears her name as the court approved procedures for the company to sell its assets.

  • September 23, 2021

    DOJ's American-JetBlue Suit An Aggressive Antitrust Flex

    President Joe Biden's pro-competition agenda is boldly targeting American Airlines, the world's largest carrier, and JetBlue over a Trump administration-approved alliance that regulators now liken to a 19th-century trust, but experts say questions remain as to whether the airlines' promises of increased consumer choice are actually being realized.

  • September 23, 2021

    FTC's New Chair Wants To Be More Proactive, Preemptive

    Federal Trade Commission Chair Lina Khan sketched out her vision for more aggressive antitrust enforcement Wednesday, pledging to undo power imbalances, blunt the power of "dominant intermediaries," tackle the "root causes" of consumer and competitive harm, and actively deter "unlawful transactions."

  • September 23, 2021

    FTC Fights Axon's High Court Bid In Constitutional Challenge

    The Federal Trade Commission urged the U.S. Supreme Court to reject a bid from law enforcement supplier Axon Enterprise Inc. to challenge the agency's authority and structure before facing a lengthy administrative proceeding over a completed merger.

  • September 23, 2021

    FTC Probing HollyFrontier's $2.5B Energy Biz Buys

    Petroleum company HollyFrontier Corp. and its Holly Energy Partners LP unit disclosed Wednesday that the Federal Trade Commission has initiated an in-depth investigation into their plans to buy oil and pipeline businesses from The Sinclair Cos. in a pair of deals valued at about $2.5 billion.

  • September 23, 2021

    Gibson Dunn Under Fire For Billing In Landmark Theatres Suit

    Gibson Dunn & Crutcher LLP and Ross Aronstam & Moritz LLP have been accused of problematic billing in a Delaware Chancery Court suit over a price adjustment dispute that followed the 2018 sale of Landmark Theatres to billionaire real estate developer's Charles S. Cohen's theatrical production and distribution company.

  • September 23, 2021

    Deals Rumor Mill: Athenahealth, Tegna, BetMGM

    Health care IT services provider Athenahealth could be worth $20 billion or more in a sale, several suitors have emerged for multibillion-dollar Virginia-based broadcaster Tegna, and MGM Resorts wants control of its joint venture with Entain. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.

  • September 23, 2021

    Amid Hiring Boom, McDermott Adds 6 Transactions Partners

    McDermott Will & Emery LLP continues to grow its transactions group across the United States, announcing Thursday a six-lawyer partner pickup in several major cities.

  • September 23, 2021

    2 Law Firms Guide Otis' $3.9B Elevator Co. Take-Private Deal

    Elevator and escalator manufacturer Otis Worldwide Corp. on Thursday unveiled a €3.3 billion ($3.87 billion) take-private deal for Zardoya Otis SA, a Spanish elevator equipment company in which it already owns a majority stake, with guidance from Uría Menéndez and Wachtell Lipton.  

  • September 23, 2021

    V&E Steers Climate-Focused Blank-Check Firm's $200M IPO

    Private-equity-backed blank-check firm Live Oak Crestview Climate Acquisition Corp. went public Thursday after pricing a $200 million initial public offering, steered by Vinson & Elkins LLP and underwriters counsel White & Case LLP, hoping to acquire a sustainability-focused business.

  • September 23, 2021

    3 Firms Guide Cresco Labs' $90M Buy Of Pa. Pot Dispensaries

    Multi-state cannabis operator and wholesaler Cresco Labs announced Thursday it has entered a definitive agreement to acquire three Cure Penn dispensaries in Pennsylvania for roughly $90 million, in a deal guided by Buchanan Ingersoll & Rooney PC, TingleMerrett LLP and McDermott Will & Emery LLP.

  • September 23, 2021

    GE Healthcare Inks $1.45B Deal For Surgical Imaging Co.

    GE Healthcare, General Electric's medical tech subsidiary, said Thursday it plans to boost its ultrasound business with the purchase of BK Medical ApS for $1.45 billion, in a cash deal guided by three law firms.

  • September 23, 2021

    3 Firms Build $1.15B Valley National-Leumi Banking Merger

    Wachtell Lipton-led Valley National Bancorp will pay about $1.15 billion for the U.S. business of Israel-based Bank Leumi, advised by Davis Polk and Meitar, the companies said Thursday, in a transaction that will result in a single entity with roughly $49.4 billion of assets under management.

  • September 22, 2021

    Justices Again Asked To Decide Foreign Discovery Question

    The U.S. Supreme Court has been given another chance to resolve whether federal law allows courts to order discovery for private commercial arbitration abroad, this time in a billion-dollar dispute involving a U.S. subsidiary of German auto parts maker ZF Group and a Hong Kong electronics manufacturer.

  • September 22, 2021

    Del. Justices Urged To Save Energy Co. Suit From 'Black Hole'

    Attorneys for stockholders in a company forced into bankruptcy while suing its controller over a disastrous deal urged Delaware's Supreme Court on Wednesday to undo a key dismissal ruling, warning that past decisions had trapped the business in a legal "black hole."

  • September 22, 2021

    Senators Probe SPAC Creators Over Possible Market Abuses

    Four Democratic U.S. senators Wednesday sent letters to six creators of special purpose acquisition companies, or SPACs, raising concerns about potentially "significant market dysfunction" connected to the alternate funding vehicles and requesting information for possible congressional or regulatory action.

  • September 22, 2021

    New York's Amalgamated Bank To Buy Chicago's For $98M

    New York-based Amalgamated Bank announced Wednesday that it has entered a definitive agreement to acquire Amalgamated Bank of Chicago, an unaffiliated lender despite the similar name, for roughly $98.1 million in a deal steered by Nelson Mullins Riley & Scarborough LLP and Hinshaw & Culbertson LLP.

Expert Analysis

  • 3 Attorney Ethics Considerations For Litigation Funding

    Author Photo

    The growth of the litigation finance industry has generated questions on the obligations of counsel when their clients are seeking outside capital to fund litigation, which litigators must understand when providing information to a third-party funder and discussing legal strategy with a client, says Matthew Oxman at LexShares.

  • 4 Steps For Improving Board Diversity Per New Nasdaq Rule

    Author Photo

    Companies should view Nasdaq's recently finalized board diversity rules as an opportunity to tap into the knowledge and resources of potential board members who may not look like or have the same life experiences as individuals who have historically served on boards, say attorneys at Shook Hardy.

  • How ABA Opinion Shifts Alternative Biz Structure Landscape

    Author Photo

    A recent American Bar Association opinion approving lawyers' passive investment in nonlawyer-owned firms eliminates a hurdle for law firms wishing to scale their practice through alternative business structures, but aspiring investors should follow a few best practices, say Hilary Gerzhoy and Deepika Ravi at Harris Wiltshire.

  • 5 Buyers' Counsel Tips For R&W Insurance Underwriting Calls

    Author Photo

    With representations and warranties insurance becoming more popular than ever, buyers' counsel participating in underwriting calls for such insurance should follow certain best practices to secure contracts with minimal exclusions, say Bryan O'Keefe and Gena Usenheimer at Seyfarth.

  • Series

    Embracing ESG: HPE Counsel Talk Effective Board Oversight

    Author Photo

    Governance teams can more effectively shape board oversight of environmental, social and governance issues by ensuring organizationwide agreement on the most relevant issues, building a materiality framework that reflects stakeholder input, and monitoring the integration of ESG into operations, say Rishi Varma and Derek Windham at Hewlett Packard Enterprise.

  • The UK Reforms That Add Investor Allure To SPACs

    Author Photo

    The U.K. Financial Conduct Authority has removed significant disincentives to the listing of special purpose acquisition companies in London, making SPACs a more attractive investment, but key differences between London's regulations and those of other major stock exchanges make further reform a possibility, say Marcus Young and William Morris at King & Spalding.

  • Opinion

    Justice Gap Demands Look At New Legal Service Models

    Author Photo

    Current restrictions on how lawyers structure their businesses stand in the way of meaningful access to justice for many Americans, so states should follow the lead of Utah and Florida and test out innovative law firm business models through regulatory sandboxes, says Zachariah DeMeola at the Institute for the Advancement of the American Legal System.

  • OFAC Settlement Extends Sanctions' Reach Beyond US Dollar

    Author Photo

    The recent Office of Foreign Assets Control settlement with JC Flowers & Co. over sanctions arising from non-U.S. currency services provided by its Romanian bank subsidiary extends OFAC's reach outside the U.S. financial system, and highlights the need to educate foreign affiliates about U.S. sanctions compliance, say attorneys at Arnold & Porter.

  • Del. M&A Ruling Holds Lessons On Post-Termination Rights

    Author Photo

    The Delaware Chancery Court's recent dismissal of Yatra Online's allegations that Ebix willfully broke the terms of their merger agreement to scuttle the transaction underscores the importance of paying close attention to the language in a transaction's provisions for effect of termination, say attorneys at Fried Frank.

  • How SPAC Investors Might Rethink Material Adverse Effect

    Author Photo

    Buyers in special purpose acquisition company transactions involving early-stage technology companies should consider allocating key business risks in an acquisition agreement outside the construct of material adverse effect, due to the difficulty of proving a material adverse effect on a pre-revenue target company in Delaware court, say attorneys at White & Case.

  • Board Diversity Considerations In Light Of New Nasdaq Rules

    Author Photo

    Public companies of varying sizes may face discrete challenges meeting Nasdaq's recently finalized board diversity objectives, which could be a harbinger of further U.S. Securities and Exchange Commission rulemaking on environmental, social and governance issues, say attorneys at Paul Weiss.

  • 2nd Circ. Vitamin C Price-Fixing Decree Goes Beyond Antitrust

    Author Photo

    The Second Circuit's recent dismissal of antitrust price-fixing claims against two Chinese vitamin C exporters carries broad implications as to the sources and authorities litigants should present in advancing interpretations of foreign law, say attorneys at Cleary.

  • Series

    Embracing ESG: Leidos GC Talks Social Responsibility

    Author Photo

    Recent criticisms of corporate commitments to stakeholders such as employees and communities — implicitly opposing environmental, social and governance initiatives — are fundamentally flawed and display a serious misunderstanding of contemporary investor priorities and dynamics, says Jerald Howe at Leidos.

  • Considerations In Structuring Private Equity D&O Coverage

    Author Photo

    With the surge in investment activity driven by the ongoing pandemic recovery, private equity firms should carefully consider the scope of protection afforded by their directors and officers and general partnership liability programs, and how that coverage fits into their overall risk mitigation strategy, say Geoffrey Fehling and Syed Ahmad at Hunton and Rachel Beck at CAC Specialty.

  • Lessons In Crisis Lawyering 20 Years After 9/11

    Author Photo

    Dianne Phillips at Holland & Knight recounts her experiences as in-house counsel at a liquefied natural gas company in the tumultuous aftermath of Sept. 11, 2001, and details the lessons she learned about lawyering in a crisis, including the importance of careful forethought and having trusted advisers on speed dial.

Want to publish in Law360?


Submit an idea
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!