A California appeals court on Tuesday declined to lift a stay on former American Apparel CEO Dov Charney’s securities lawsuit against his bankrupt former company and a hedge fund entity he says played a role in his ouster, allowing related contract suits to play out in Delaware first.
The unsecured creditors of Angelica Corp. fought back hard against its proposed Chapter 11 plan's release of claims for Trilantic Capital Partners, the debtor’s main equity investor, telling a New York bankruptcy court it should not shut the door on potential post-confirmation claims against Trilantic.
Milbank Tweed Hadley & McCloy LLP said it has a recruited a capital markets veteran from Latham & Watkins LLP who is experienced in advising public and private securities offerings, corporate restructurings, mergers and acquisitions, and related business.
Acknowledging possible “darker overtones” to a venture capital firm’s gain of control over drug developer Tyrogenex Inc. after the abrupt firing of its CEO-founder, a Delaware vice chancellor refused Tuesday to dismiss most breach-of-fiduciary-duty claims focused on the saga.
A private equity-owned manufacturer of industrial machinery could be valued at $7 billion in an IPO, an Indiana-based energy provider worth almost $5.5 billion may be for sale, and a $3.8 billion stake in Brazilian state-controlled utility Eletrobras could be up for grabs.
Rental services company Williams Scotsman International Inc. will become a publicly-traded company again under a proposed sale to Double Eagle Acquisition Corp. worth $1.1 billion, DEAC announced Monday.
Trinity Investments LLC and private equity shop Oaktree Capital Management LP have formed a joint venture that will invest as much as $3 billion in hotels in California and Hawaii as well as in Mexico and Japan, the companies said in a joint announcement on Monday.
Private equity firm Advent International Corp. on Tuesday announced its agreement to acquire a significant stake in Latin American hotel and casino operator Enjoy SA through a tender offer for shares along with a $170 million capital increase.
Home security firm Alarm.com failed to set off enough alarm bells Monday to win a quick Delaware Chancery Court hearing on an injunction barring a former chairman and controlling private equity shareholder from buying and pumping up a potential competitor — allegedly with pilfered traded secrets.
Midsize firms on average are the least racially and ethnically diverse, but the level of diversity also varies widely among firms in this group, according to the latest Diversity Snapshot. Here’s a look at how a few of these firms are faring.
A handful of law firms have agreed to put themselves under the lens of academia in an effort to root out structural inequalities and implicit bias. Here’s a look at what they’re finding.
In-house attorneys are intensifying long-standing efforts to diversify their outside counsel, and they’re looking to create a critical mass of law department leaders that will bring about meaningful change.
Baidu will sell its takeout delivery business to Chinese online food delivery service Ele.me for about $500 million, more than 10 suitors are interested in buying assets from bankrupt Air Berlin, and SPIC Overseas is putting on hold plans to purchase a 3,568-megawatt hydropower dam in Brazil.
An Avista Capital Holdings-backed special purpose acquisition company announced Monday its bid to combine with Envigo International, a products and research services provider to pharmaceutical and other companies, to create an entity valued at $924 million, the latest in a string of similar deals made in the past week.
U.S. data analytics firm Verisk Analytics Inc. has agreed to buy London-based Sequel, a private-equity-backed insurance and reinsurance software company, in a deal worth £250 million ($322.5 million), the companies said Monday.
CDI Corp. is withholding crucial information about conflicts of interest and financial projections related to its $157.5 million all-cash deal to be taken private by AE Industrial Partners LLC, its investors are alleging in a proposed class action in Pennsylvania federal court.
A San Diego federal judge on Friday dismissed a suit claiming that LPL Financial Holdings Inc. duped investors before a February 2016 stock swoon, but he gave aggrieved shareholders a chance to amend their complaint to detail fraudulent intent by executives at the private equity-linked brokerage.
New Jersey-headquartered food distributor B&G Foods Inc. has agreed to pay about $162.5 million to acquire private equity-owned Back to Nature Foods Co. LLC, an independent snack business that uses only natural ingredients, according to a Monday statement.
Many are investing in recruitment and retention initiatives aimed at minorities, while at least one is finding that its hiring efforts naturally bring in diverse attorneys. Here’s a look inside a few of the firms that added 20 or more minority attorneys in 2016.
The racial makeup of BigLaw’s equity partnership has barely budged in recent years, but some law firms are making notable strides on diversity at the top. Here are the firms with the most racially diverse equity tiers, according to Law360’s Diversity Snapshot.
At the Leadership Council on Legal Diversity, we want to see, as founding member and Microsoft chief legal officer Brad Smith once stated, “a legal profession as diverse as the nation we serve.” We are not there yet — far from it — but we are beginning to put some numbers on the board, says Robert Grey, president of the Leadership Council on Legal Diversity.
In prohibiting employers from asking potential hires about their previous salaries, lawmakers seek to "level the playing field." But there are real problems with the practicality, legality and enforceability of many of the salary history laws, says Fredric Newman, a founding partner of Hoguet Newman Regal & Kenney LLP.
David Coale, leader of the appellate practice at Lynn Pinker Cox & Hurst LLP, shares his insights into what works — and what does not — when setting up and maintaining a legal blog.
The Office of the Comptroller of the Currency recently issued an advance notice of proposed rulemaking that represents the first concrete step toward reforming the regulations that implement the Volcker Rule. The OCC’s willingness to issue the ANPR reflects a forward-thinking approach that will have a significant long-term impact on financial market participants, say attorneys with Arnold & Porter Kaye Scholer LLP.
There is a wonderful sketch of Seventh Circuit Judge Richard Posner dressed in a black robe with arms outstretched as if they were the billowing wings of a lean vulture. He is kicking a human brain down a hallway and wearing a half-smile that looks for all the world like a sneer. That sketch is the perfect metaphor for both Judge Posner and his new book, "The Federal Judiciary: Strengths and Weaknesses," says U.S. District Judge Ri... (continued)
Most of the prevailing core legal terms in seed- and early-stage venture capital transactions have remained relatively stable throughout the current decade. As we survey the most recent transactions, however, we are seeing some evidence that investor conservatism and increased discipline are finding their way into deal terms, say David Sorin and Herbert Moore Jr. of McCarter & English LLP.
Special master appointments can be very beneficial in resolving disputes quickly, streamlining discovery, handling delicate settlement negotiations, and — somewhat surprisingly — reducing cost and delay, says retired U.S. District Judge Shira Scheindlin, now with JAMS.
As more law firms become the targets of major cyberattacks, more firms may consider appointing a chief privacy officer. In this series, CPOs at four firms discuss various aspects of this new role.
For private equity firms, roll-ups remain a prime opportunity to capitalize on the value of businesses. Recent trends illustrate roll-ups occurring in large but fragmented industries that are subject to a comparatively high degree of regulation, say Andrew MacLeod and Richard Bolton of Dickinson Wright PLLC.
For outside counsel, oftentimes efficiency and responsiveness collide with security measures as clients are increasingly requiring their law firms to comply with third-party risk management programs. To meet these challenges, law firms are focusing more on the roles of chief privacy officer and chief information security officer, says Phyllis Sumner, chief privacy officer for King & Spalding LLP.