Fourteen firms will steer initial public offerings by 10 companies projected to raise $1.1 billion during the week of July 16, led by an estimated $300 million IPO from a private equity-backed energy equipment manufacturer, plus smaller deals by biotechnology firms, banks and a medical marijuana exporter.
A New York federal judge has awarded $6.9 million to class counsel in investor litigation against the Bank of Tokyo-Mitsubishi UFJ Ltd. and Mitsubishi UFJ Trust and Banking Corp. for allegedly rigging the Libor, finding that a $30 million settlement was netted with "skill, perseverance and diligent advocacy."
Employee Retirement Income Security Act counsel who worked on a $300 million settlement with State Street Corp. that has spawned a fight over $75 million in attorneys' fees told a Massachusetts federal judge Friday that they should get a $3.4 million disgorgement recommended by a special master investigating the fee flub.
The federal judge presiding over Puerto Rico's bankruptcy-like cases ruled Friday that the panel of federal advisers charged with rehabilitating the island's financial health are territorial officers who were lawfully appointed without U.S. Senate confirmation, rejecting a hedge fund's constitutional challenge.
The Eleventh Circuit issued a revised opinion Thursday in a U.S. Commodity Futures Trading Commission fraud suit against two Florida-based metals trading companies and their CEO, making a terminology fix recommended by the defendants but leaving its $1.5 million damages award intact.
A marketing company and its founder on Thursday asked a Florida federal judge for summary judgment on the U.S. Commodity Futures Trading Commission's claims that it was involved in a $16 million scheme to defraud at least 8,000 customers through unregistered "binary options" trades, saying the agency still hasn't evidenced its allegations.
Mayer Brown LLP's Chicago office has added a former Jones Day banking and finance partner with an expertise in private credit, part of a wave of hirings the firm said are meant to flesh out its global finance practice.
Law professor Nathalie Martin's new book, "Lawyering From the Inside Out: Learning Professional Development Through Mindfulness and Emotional Intelligence," can be of value to any lawyer aiming to achieve greater productivity, relieve the stress of the legal profession and focus on goals, says U.S. District Chief Judge Denise Page Hood of the Eastern District of Michigan.
Notwithstanding the latest salary war among prominent law firms, I urge my middle-aged and older colleagues to help the recent graduates we know focus on the long term. Even if the salary is the same, there is a big difference between an institutional firm and the relatively younger firms matching BigLaw, says J.B. Heaton, a University of Chicago business law fellow and former partner at Bartlit Beck.
From playing a key role in Takeda’s $62 billion takeover of Shire PLC to its work on a $4 billion infrastructure deal in Africa, U.K.-based Linklaters LLP blazed new trails around the globe over the past year and earned a spot on Law360’s Global 20 list.
The American Bar Association reduced its executive director's pay from $1.25 million in 2015 to $1.17 million in 2016, documents made public Friday show, but Law360 has learned that a bigger pay cut for the executive is in the works as the organization grapples with declining membership and dues revenue, as well as layoffs.
The husband of a former Linklaters LLP associate who pled guilty to trading on insider information gleaned from his wife must disgorge nearly $120,000 to the U.S. Securities and Exchange Commission in a related civil suit, a New York federal judge ruled Thursday.
On the D.C. Circuit, Judge Brett Kavanaugh has been forced to comply with precedents he doesn’t agree with. That would change if he’s confirmed to the Supreme Court.
Another red-state Democrat, Michigan's Sen. Debbie Stabenow, announced her opposition to D.C. Circuit Judge Brett Kavanaugh's nomination to the U.S. Supreme Court Friday, adding to a growing group of Democrats who have said they will vote no on President Donald Trump's choice to replace retiring Justice Anthony Kennedy.
Just days after announcing his latest Supreme Court pick, President Donald Trump on Friday unveiled six new judicial nominees for federal courts around the country, including Seattle-based Perkins Coie LLP partner Eric Miller for the Ninth Circuit over the objections of a home-state senator.
A report revealed that female general counsel collect 78 cents for every dollar earned by men at the same level, the European Union proposed an expanded equivalence for its financial services and internal memos showed the American Bar Association faces an uncertain future if it continues on its current track of losing revenues. These are some of the stories in corporate legal news you may have missed in the past week.
The political battle lines are already forming in Washington, D.C., over President Donald Trump's nomination of Judge Brett Kavanaugh to replace Justice Anthony Kennedy on the U.S. Supreme Court. But who is the man himself? This week on Law360's Pro Say podcast we attempt to answer that, from Kavanaugh's resume to his biggest rulings, his writing style and his judicial philosophy.