Oaktree Capital Management LP on Friday objected to the modified Chapter 11 plan of fashion accessory retailer Claire's Inc., claiming last-minute changes significantly impact the amount of claims to be paid and contesting the debtors' call to bar certain evidence at a confirmation hearing set for Monday.
Fourteen law firms plan to guide eight initial public offerings that could raise more than $3 billion during the week of Sept. 17, led by an estimated $1.4 billion offering by Eli Lilly's animal health unit, as IPO activity accelerates ahead of an expected busy autumn.
The last week has seen Denmark's tax authority file another fraud suit against more investment firms, insurance giants like Amlin and Axa sue a seafood distributor, and a bid to appeal a decision from former shareholders of a business in RBS' controversial restructuring unit. Here, Law360 looks at those and other new claims in the U.K.
A New York federal judge granted certification to a class of investors who allege Och-Ziff Capital Management Group LLC misled them about a Foreign Corrupt Practices Act investigation into the hedge fund's multimillion-dollar transactions in Africa.
In this week’s Taxation with Representation, Renesas Electronics bought Integrated Device Technology Inc. for $6.7 billion, the Carlyle Group snapped up Sedgwick Claims Management Services for $6.7 billion, a consortium of buyers took over MPM Holdings, and Science Applications International Corp. acquired Engility Holdings for $2.5 billion.
Singapore-based focused venture capital firm Golden Gate Ventures said on Friday that it has closed its latest fund with $100 million in commitments that will be focused on consumer internet trends in the Southeast Asia region.
In our latest roundup of deal-makers on the move, King & Spalding LLP adds a pair of corporate finance partners, K&L Gates LLP snags a private equity and corporate partner from Reed Smith LLP and Vinson & Elkins LLP picks up an international capital markets and leveraged financing specialist in London.
Indiana-headquartered RV manufacturer Thor Industries could buy Erwin Hymer in a deal valuing the German peer at more than €2 billion, U.K. insurer Covea is still hoping to acquire French reinsurer Scor, and Volkswagen is preparing a potential IPO for its multibillion-dollar heavy-truck business.
Ares Management LP is selling its stake in an under-construction hotel and convention center in Aurora, Colorado, to Ryman Hospitality Properties Inc. and RIDA Development Corp. for roughly $270 million, Ares announced Friday.
Staples on Friday inked a $996 million acquisition of national distributor of workplace supplies Essendant Inc., usurping the latter's previously announced merger agreement with the office products unit of Genuine Parts Co., in a deal steered by Kirkland & Ellis LLP and Skadden Arps Slate Meagher & Flom LLP.
Silver Lake Partners on Friday agreed to invest $600 million into AMC Entertainment Holdings Inc. as part of a move that significantly cuts the stake of AMC’s Chinese majority owner, in a deal guided by Weil Gotshal & Manges LLP, Simpson Thacher & Bartlett LLP and Skadden Arps Slate Meagher & Flom LLP.
With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Morrison & Foerster and Kirkland & Ellis. Here, Law360 recaps the ones you might have missed.
Attorneys representing Surgery Partners Inc. and private equity investors HIG Capital and Bain Capital Investors LLC told a Delaware Chancery Court judge Thursday that an investor suit provided no factual support for its claims that the parties acted unfairly in a complex $760 million acquisition of another surgery center, and it should be dismissed.
Bankrupt furniture retailer Heritage Home Group LLC received approval in Delaware on Thursday for a Chapter 11 sale of “nonluxury” product inventories in stores and distribution centers, days ahead of a bid deadline and auction for the company’s pricier lines.
Germany-based Boehringer Ingelheim is taking over an Austrian biotechnology company that focuses on developing cancer treating immunotherapeutics in a $245 million deal, the companies announced Thursday.
Chinese online services platform Meituan Dianping has raised roughly $4.2 billion in its IPO, Takeda is considering a sale of Shire assets in the wake of its multibillion-dollar acquisition of the drugmaker, and Adobe Systems is interested in buying marketing software firm Marketo.
Canada's Oxford Properties Group has upped its offer to buy real estate investment trust Investa Office Fund in a deal that values the Australia-based company at AU$3.35 billion ($2.41 billion), as it competes with The Blackstone Group LP to buy the firm, Investa said on Thursday.
Finnish asset manager and investment firm EQ Asset Management said Thursday its latest private equity funds brought in €310 million ($362 million) from investors, aiming to ultimately use the funds toward investment opportunities in Northern Europe.
Silicone and materials producer MPM Holdings Inc. on Thursday said an investor group will take over the company in a $3.1 billion deal, with Greenberg Traurig LLP steering the buyer and Paul Weiss Rifkind Wharton & Garrison LLP guiding the Apollo Global Management LLC-backed seller.
Nordea Bank AB and DNB Bank ASA said Thursday that they have agreed to sell a majority stake of Latvian bank Luminor Group AB for €1 billion ($1.2 billion) to a consortium led by investment firm The Blackstone Group LP, in a deal guided by Allen & Overy LLP.
Forget about cameras, reporters in the Manafort trial were not even permitted in the courtroom with their phones, tablets or computers. That meant no live reporting on Twitter and no emails to the newsrooms with updates. In a world focused on information and news as it happens, this is unacceptable, says trial attorney David Oscar Markus.
The question as to when a person is receiving a share of partnership income or compensation continues to be a vexing issue. It is valuable to consider the U.S. Tax Court's recent holding in White v. Commissioner in the context of the relatively developed body of law to see how private funds can better structure carried interests and management fee waivers, say Mark Leeds and Guoyu Tao of Mayer Brown LLP.
China's Ministry of Commerce recently proposed rule changes that would allow cross-border share swaps and introduce other provisions aimed at facilitating foreign investments in Chinese listed companies. Hunter Qiu of Zhong Lun Law Firm breaks down each provision.
While most law firm executives and partners may instinctively want to tune out terms like "high availability" and "disaster recovery" — concepts that IT managers usually worry about — there are five reasons you should lean in and wrestle with the vocabulary, say Jeff Norris of Managed Technology Services LLC and Greg Inge of information security consulting firm CQR.
The "fake news" phenomenon is ever more prominent in the political arena — but not in the jury box. At a trial, jurors don’t have to rely on the media or any other source to tell them the facts and issues, since they have a front-row seat to the action, says Ross Laguzza, a consultant at R&D Strategic Solutions LLC.
The IRS has recently become very aggressive in asserting penalties for failing to file a Form 5472 — used to identify potential tax issues with regard to transactions between a U.S. corporation and related foreign shareholder, says Brad Wagner of Wagner Duys & Wood LLLP.
In his new book, "The Last Great Colonial Lawyer: The Life and Legacy of Jeremiah Gridley," Charles McKirdy argues that Gridley — someone I had never heard of — was the last great colonial lawyer, and that his cases illuminate his times. The author largely substantiates both claims, says First Circuit Judge Kermit Lipez.
The newly enacted Foreign Investment Risk Review Modernization Act significantly expands the authority of the U.S. government to review and restrict foreign investments on national security grounds. But FIRRMA also has provisions that may exempt some transactions from review, and accelerate review of others, say Jeffrey Bialos and Mark Herlach of Eversheds Sutherland LLP.
Earlier this month, the IRS finally released proposed regulations under the bonus depreciation provisions of the Tax Cuts and Jobs Act. The guidance provides long-awaited clarification on the availability of 100 percent bonus depreciation to partnership basis adjustments, say attorneys at O'Melveny & Myers LLP.
The Foreign Investment Risk Review Modernization Act empowers the U.S. government to review a far broader group of transactions than ever before to determine if they threaten national security. FIRRMA's expansive new coverage includes oversight of real estate investments and transfers of "emerging and foundational technologies," say Jeffrey Bialos and Mark Herlach of Eversheds Sutherland LLP.