Two men and their lawyers at Wilentz Goldman & Spitzer PA and Cherundolo Law Firm PLLC asked a New York federal judge on Tuesday to let them lead a proposed class action against an imprisoned fraudster and the companies and individual that allegedly worked with him.
Philadelphia Energy Solutions LLC, the Northeast’s largest remaining refinery complex, scored a big win in its Delaware bankruptcy proceedings Monday with a settlement that allows the company to avoid paying tens of millions it owes under a U.S. Environmental Protection Agency renewable fuels program.
Media conglomerate Daily Mail and General Trust has agreed to sell its real estate data and software business to technology-focused investment firms Silver Lake and Battery Ventures for $205 million, the company said Tuesday.
One of the newest members of the U.S. Securities and Exchange Commission on Friday defended the integrity of the agency’s in-house court, blasting what he called “fiction masquerading as data” right as the U.S. Supreme Court is set to consider the constitutionality of the forum.
With battles over her distressed investment empire's control and debts raging in multiple courts, Lynn Tilton steered her Zohar funds into filing for bankruptcy on Sunday to remove a "cloud of litigation" and unlock value in the companies that comprise the funds' underlying portfolio.
A $15 billion fleet of student loan trusts asked Delaware’s Chancery Court on Friday to bar new lawsuits against its 800,000 borrowers and award damages for costs incurred after key trust administrators and servicers allegedly hijacked and mismanaged the business.
Breitburn Energy Partners LP moved closer to exiting bankruptcy on Monday following a recent stumble, after the debtor pledged to quickly correct a hard-fought Chapter 11 plan that was narrowly shot down by a New York bankruptcy court just days before.
Atlantia and ACS, Actividades de Construcción y Servicios SA are reportedly nearing a deal to run toll road manager Abertis together, a trio of airline giants are eying an offer for Air India, and Paper Excellence made a bid for Brazilian pulp and paper company Fibria Celulose SA.
File storage giant Dropbox Inc. launched an initial public offering on Monday that is estimated to raise $612 million, kicking off a closely watched IPO by one of Silicon Valley's elite venture-backed companies.
In the wake of last month’s tragic school shooting in Florida, private equity fund managers are being forced to grapple with the fact that many limited partners have an aversion to investing in gun manufacturers and other weaponry-related businesses, but the legal side of including provisions stipulating that certain investments are out of bounds can be tricky.
Private equity firm Equistone Partners Europe Ltd. has clinched its latest investment vehicle after collecting €2.8 billion ($3.45 billion) from limited partners, according to a Monday statement.
A Florida-based private equity-owned health and wellness company that makes and sells vitamins in stores and online has agreed to be purchased by the Clorox Co. for $700 million, the company said Monday.
It’s more of a norm than a rule. Its use has shifted over time, often with political winds. But the once-obscure Senate tradition is now front and center in the boiling debate over the future of the judiciary.
More federal judges are skipping the golf course to head back to the courtroom upon taking senior status, and they're playing an increasingly vital role in a strained system.
Although President Donald Trump set a record with the number of circuit judges he named during his first year, experts say that's not the whole story. Here’s our data-driven look at what the White House faces in its quest to reshape the appeals courts.
A New York state judge on Thursday tossed a $110 million suit against people and companies tied to Relativity Media LLC who were accused of defrauding lender RKA Film Financing, saying the suit was “plagued” by a lack of detail.
Mars Inc.’s pet food and pet products arm said Friday it will launch a $100 million venture capital fund as part of a recently announced program to help accelerate growth and provide guidance to pet care industry startup companies.
Broadcom has reportedly been ordered to give the U.S. five days’ notice of plans to relocate stateside, Intel is considering a range of deal options, and General Electric is mulling a sale of its electrical engineering unit.
Three firms will steer initial public offerings projected to raise about $286 million during the week of March 12, representing life sciences, banking and technology companies, including the year’s first “unicorn” IPO, potentially igniting a busier season for deals.
The last week has seen a BMW plant lodge a commercial fraud claim against Barclays, another dispute between Barents Re and Petróleos de Venezuela's captive insurer and AXA take on a rival private health insurer.
On Jan. 19, the U.S. Department of the Treasury and the IRS issued Notice 2018-13, elaborating on previous guidance about the Tax Cuts and Jobs Act’s new deemed repatriation provision. The notice also describes the agencies' intent to issue updated Form 5471 instructions, which will introduce an important — and much needed — limitation to filing requirements following the repeal of Section 958(b)(4), say attorneys at Morgan Lewis & Bockius LLP.
Because courts have not modernized as quickly as companies like Amazon, Tesla and Apple, Americans are becoming increasingly dissatisfied, but technological innovations may be able to help Americans access their due process, says Stephen Kane of FairClaims.
Given the prevalence of earnout disputes in M&A, a dispute resolution mechanism that deters litigation should be included in the acquisition agreement. The Delaware courts will not intervene in post-closing disputes, including over earnout payments, when an agreement provides a mechanism for an alternative dispute resolution, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.
Counsel representing victims of Ponzi schemes should note that the Tax Cuts and Jobs Act eliminates the theft tax loss provisions of the Internal Revenue Code for tax years after 2017. The time to act is now, before this important tax benefit goes away, says Kevin Diamond of Rico Murphy & Diamond LLP.
The Tax Cuts and Jobs Act purports to lower taxes and simplify the Internal Revenue Code, but the new limitation on the deductibility of business interest seems contrary to this objective. This change will certainly cause many businesses to pause and consider whether debt financing is the best option for them, says Jennifer Tolsky of Gould & Ratner LLP.
In a national survey of 378 small law firms, partners ranked client referrals as the most important means of business development. Yet studies reveal that while professional services providers obtain most new clients from existing client referrals, their best new clients — the ones providing the largest pool of investable assets — overwhelmingly come from “centers of influence,” says Frank Carone, an executive partner at Abrams Fensterman.
Earnouts in M&A often prevent disagreements during the negotiation of the deal price only to result in post-closing disputes over the earnout itself. The most recent Delaware earnout decision, GreenStar v. Tutor Perini, provides a stark illustration of the need for clear, specific earnout-related provisions, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.
Initiatives and legislation in France to cut red tape, reduce taxes and loosen labor laws have caught investors’ attention, highlighting a shift in French business culture that has brought new energy to innovation-dependent sectors like life sciences and software, say Anne-Charlotte Rivière and Kristopher Brown of Dechert LLP.
Lawyers who have left the traditional practice for perceived greener pastures are many. But the circumstances surrounding broadcast journalist Bob Woodruff’s departure are unique. Like none I’ve ever heard, says Randy Maniloff of White and Williams LLP.
As someone who spent half her days last year on the bench presiding over trials, I often find the alarmist calls to revamp the jury trial system a tad puzzling — why is making trial lawyers better rarely discussed? Then along comes a refreshing little manual called "On the Jury Trial: Principles and Practices for Effective Advocacy," by Thomas Melsheimer and Judge Craig Smith, says U.S. District Judge Virginia Kendall of the Northe... (continued)