The U.S. Securities and Exchange Commission on Friday announced that it has signed an information sharing pact with a group of state securities regulators to monitor the effects of new rules for intrastate crowdfunding and regional offerings.
Global law firm White & Case LLP has hired as partner a trial lawyer from Troutman Sanders LLP who specializes in representing public and private equity firms in complex commercial litigation and intellectual property disputes, according to White & Case.
Kinder Morgan seeks funding for the $5.2 billion expansion of the Trans Mountain pipeline and is considering an IPO of shares in the project, MacDonald Dettwiler is nearing an up to $3 billion acquisition of earth imagery and information provider DigitalGlobe and Ventas may acquire senior living community operator Brookdale.
Scandal-plagued private equity CEO Benjamin Wey asked a New York federal judge Friday to suppress the fruits of two search warrants in a securities fraud and money laundering case, saying the warrants were defective and after the government seized more than it should have, it impermissibly searched electronic data years later.
With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Vinson and Latham. Here, Law360 recaps the ones you might have missed.
In this week’s Taxation With Representation, Japanese telecommunications giant SoftBank Group acquires a private equity firm for $3.3 billion in cash, Hologic buys medical aesthetics company Cynosure for $1.65 billion, and a Texas oil and gas company purchases new assets in North Louisiana for $465 million.
Summa Equity, a recently formed private equity firm that is based in Northern Europe and focuses on environmental, social and governance issues when making investments, said on Friday that it has clinched its debut fund with 4.5 billion Swedish krona ($504.7 million) in tow.
Global oil and gas deal-making skyrocketed to record highs at the outset of 2017 as the sector forges a turnaround in the wake of a wave of price instability that spurred a series of distressed sales, experts say.
Technology-focused European private equity shop HgCapital on Thursday announced that it has closed two funds worth a combined £3.1 billion ($3.85 billion), with assistance from legal counsel Proskauer Rose LLP.
London-listed Unilever spurned a $143 billion takeover approach from The Kraft Heinz Co., contending that the private equity-backed U.S. food and beverage company’s cash-and-stock offer to combine the two well-known household brands “fundamentally undervalues” the company, according to a statement on Friday.
Soundtrack Your Brand, a Spotify-backed background music streaming service, said Friday that it has raised $22 million in its latest funding round, led by Nordic venture capital fund Industrifonden, as it looks to ramp up international expansion plans.
Commerzbank AG on Thursday urged a New York federal judge not to toss its suit alleging that Wells Fargo Bank NA failed to protect it from massive residential mortgage-backed securities losses, saying a ruling in a similar suit against Deutsche Bank National Trust Co. supports such an outcome.
A Vermont federal judge on Thursday tossed a proposed class action alleging that Keurig Green Mountain Inc. misled shareholders ahead of its $13.9 billion merger with a private equity firm, saying the company didn't need to tell investors about every alternative outcome.
A private equity shop led by former Apax Partners and IBM employees has clinched its inaugural fund after collecting $137 million from investors, the firm said Wednesday, with plans to focus on investments in enterprise software and solutions businesses.
KKR is mulling a sale of software company Mitchell International, ConocoPhillips is looking to sell up to $2 billion worth of Canadian conventional natural gas assets, and Goldman Sachs is nearing a $1.8 billion sale of South Korean industrial gas business Daesung.
Greenberg Traurig LLP has bolstered its corporate and securities practice with the addition to its Dallas office of a former partner from Carrington Coleman Sloman & Blumenthal LLP who is well versed in mergers and acquisitions and private equity and investment management.
In a year of slowing deal flow for much of the sector, Weil Gotshal & Manges LLP's private equity group turned in a busy 2016, advising more than 130 private equity transactions valued at nearly $100 billion, earning it a spot as one of Law360’s 2016 Practice Groups of the Year.
Greenberg Traurig LLP said Wednesday it hired an attorney with experience handling government policy and real estate matters for its Philadelphia office, where he will bring his expertise in representing elected officials and private-sector clients in matters including casino land use and licensing disputes.
A new private equity firm formed by former KKR & Co. LP executives that is focused on lower middle-market technology investments has closed its debut fund with nearly $560 million in tow, the company said Wednesday, with help from legal adviser Simpson Thacher & Bartlett LLP.
Snapchat maker Snap Inc. on Thursday launched the largest initial public offering of the year and biggest tech deal since Alibaba, setting terms on an IPO that could raise $3 billion and value the social media giant at $21 billion and potentially opening doors for more flashy technology startups.
2017 got off to a mixed start in terms of M&A activity, with the global market generally down and the U.S. market generally up. In this video, Ariel Deckelbaum of Paul Weiss Rifkind Wharton & Garrison LLP discusses three trends related to U.S. public company mergers and other recent changes in U.S., global and sponsor-related M&A activity.
Fred Korematsu’s U.S. Supreme Court case challenging President Franklin Roosevelt’s executive order that led to the incarceration of approximately 120,000 people of Japanese ancestry may sound like ancient history. However, Feb. 19 marks the 75th anniversary of the order's signing, and that it’s celebrating its diamond anniversary now is breathtaking timing, says Randy Maniloff of White and Williams LLP.
General counsels face the challenging task of understanding how companies can navigate the rules surrounding uses of artificial intelligence. To get smart on AI, general counsels must ask the right questions about areas such as human resources, intellectual property, liability and insurance, say Bruce Heiman and Elana Reman of K&L Gates LLP.
Though the Trump administration has yet to make an official statement regarding artificial intelligence, support for AI is consistent with its expressed desire to promote American business. As such, general counsel will inevitably have to navigate what big data and AI mean for compliance with current and future laws and regulations, say Bruce Heiman and Elana Reman of K&L Gates LLP.
Lawyers are likely turning to alcohol to lessen stress and anxiety, to socialize, and even to sleep better. Unfortunately, many are unaware that their nightly pour could be causing or exacerbating the anxiety that is plaguing the legal profession, says Jennifer Gibbs of Zelle LLP.
This is not the first time that a president has criticized the judiciary. But what is unique about President Donald Trump's attacks is that they target not just a specific decision, but the judiciary and its decision-making power altogether. Every lawyer, regardless of political persuasion, must speak up, says Alexandra Wald of Cohen & Gresser LLP.
There is no question that solo practitioners and small law firms need to spend the majority of time on legal work, but in order to achieve sustainable growth, marketing should not be a secondary task “put-off” until you have some free time, says Matthew Horn, founder of Legal Services Link LLC.
Politicians from both major political parties tout closing the “carried-interest loophole” as a primary aspect of their tax reform agendas. Carried-interest legislation, if enacted, would impose questions and challenges not only on private equity firms and their advisers, but on a wide array of businesses, says Robert Starin of K&L Gates LLP.
Startup and growth-stage companies typically rely on venture capital equity financing for their fundraising needs, but it may not be the best tool available if the objective is cash infusion. Taking on debt in the form of a venture loan may best serve companies’ cash needs while avoiding unnecessary dilution, say Samuel Waxman and Jordan Goldman of Paul Hastings LLP.
For all the lessons learned since 2008, it's surprising that margin management remains so tactical, rather than an ongoing strategic endeavor, for law firms. The firms that will survive and thrive must invest in ongoing margin-improvement capability, which will combine enhanced business- and change-management skills and take a long-term view to drive out the more difficult changes, says Jack Diggle of Elevate Services Inc.