Skadden Arps Slate Meagher & Flom LLP-led TravelCenters of America LLC said on Tuesday that it has sold its Minit Mart stand-alone convenience store business to private equity-backed independent fuel station and convenience retailer EG Group for $330.8 million.
Natural gas exploration and production company Southwestern Energy Co. on Tuesday said it inked a roughly $1.87 billion cash deal to sell its Fayetteville, Arkansas, shale business, along with some midstream gathering assets, to private equity-backed Flywheel Energy LLC.
The trustee representing the once iconic but now bankrupt New England Confectionery Co., better known as Necco, sued the company’s board of directors Friday in Massachusetts federal court alleging they committed a gross breach of fiduciary duty by ignoring a promising buyout offer in order to benefit conflicted board members.
Nutter McClennen & Fish LLP has added three partners from rival Boston firm Hinckley Allen & Snyder LLP in under a year as it continues to expand its corporate and transactions department, with the latest hire coming aboard in the second half of August.
Blackstone Group has reportedly loaned $125 million for a New York office building, Lynx Cos. is said to be seeking to buy or lease multiple properties from the City of South Miami and Westwood Financial has reportedly picked up a Chicago retail property for $12.25 million.
Quinn Emanuel Urquhart & Sullivan LLP, Manatt Phelps & Phillips LLP, Strategic Health Law and Perkins Coie LLP are among the latest firms to add attorneys with health or life sciences chops, with new hires from Finnegan, Drinker Biddle, Butler Rubin, and DLA Piper.
The U.K.’s competition regulator on Friday raised some concerns over Motor Fuel Group’s roughly £1.2 billion ($1.56 billion) deal to buy fellow private equity-backed British gasoline retailer MRH GB Ltd., warning that the deal could impact some local competition.
Meituan-Dianping set a price range for its public offering between HK$60 ($7.64) to HK$72 per share, Lyft Inc. has reportedly hired initial public offering adviser Class V Group LLC, and private equity-backed Qualtrics LLC is gearing up for an initial public offering.
With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Covington & Burling and Mayer Brown. Here, Law360 recaps the ones you might have missed.
Bankrupt shoe maker Aerogroup International Inc. is suing fashion conglomerate Global Brands Group Holding Ltd. for pulling out of a deal to purchase it 11 minutes into the hearing where that deal was supposed to be confirmed, leading to a last-minute fire sale that Aerogroup says cost it $30 million.
In this week’s Taxation with Representation, Apollo Global Management bought Aspen Insurance in a $2.6 billion deal, Stryker acquired all the outstanding shares of K2M for $1.4 billion, and Eclipse Resources and Blue Ridge Mountain Resources merged in a $1.4 billion deal.
Three deals faltered in the heat of the summer, falling to pieces amid regulatory pushback, litigation and investor outcry, and sending the companies back out into the world solo. Here, Law360 outlines three high-profile deals that went up in smoke this summer.
Wilson Sonsini Goodrich & Rosati PC said that it has added a former attorney from Perkins Coie LLP to its fund services and emerging companies practices as a partner in its Palo Alto, California, office.
Fosun International is reportedly in discussion to buy a €426 million ($497 million) Ceconomy AG stake in German retailer Metro AG, Actis offered to buy most of Abraaj’s private equity funds business, and potential bidders are eyeing Chinese conglomerate HNA Group’s stake in Virgin Australia Holdings.
A Shenzhen, China-based robotics startup company that makes programmable, do-it-yourself education robot kits has raised $44 million in Series C funding, which values the company at $367 million to continue developing its products that are sold in over 140 countries and have over 6 million users, the company said Thursday.
Private investment firm PIR Equities said Thursday that it is looking to embrace emerging technologies in its latest investment push, committing $50 million over the next 12 months to blockchain-focused businesses.
Baring Private Equity Asia has reportedly closed a $1 billion real estate fund, Bridge Development Partners is said to have picked up a Chicago-area development site for $50 million, and Jonas Equities has reportedly paid $46 million for two Brooklyn multifamily properties.
Campbell Soup Co. on Thursday said it was selling a pair of noncore businesses after an activist investor blasted “abysmal oversight” by the food giant’s board and called for the company to be sold to a strategic buyer.
A proposed class of investors on Thursday filed suit against Tesla Inc. over tweets from CEO Elon Musk about potentially taking the company private, telling a California federal court that the automaker's stock price dropped precipitously after the U.S. Securities and Exchange Commission announced it was investigating Musk's statements.
Greenberg Traurig LLP has announced that a former Squire Patton Boggs LLP partner experienced in federal and state income tax matters has joined the firm as a shareholder in its corporate and tax practices division.
Many legal teams involved in cross-border matters still hesitate to use technology assisted review, questioning its ability to handle non-English document collections. However, with the proper expertise, modern TAR can be used with any language, including challenging Asian languages, say John Tredennick and David Sannar of Catalyst Repository Systems.
Earlier this year, Rep. Trey Gowdy, R-S.C., made headlines with his decision to leave Congress and return to law. In this series, former members of Congress who made that move discuss how their experience on the Hill influenced their law practice.
Recently, a New York appellate court ruled in 2138747 Ontario v. Samsung that a breach of contract claim arising from a New York choice of law clause was time-barred pursuant to Ontario's statute of limitations. This decision presents an opportunity to re-examine standard boilerplate New York choice of law clauses, says Glenn West of Weil Gotshal & Manges LLP.
The Senate Republican leadership and the Trump administration are racing to fill Justice Anthony Kennedy’s spot on the U.S. Supreme Court. Does opposition to their plans have any chance of success? My answer is yes, because the stakes are so high, people are so engaged, and the records of those short-listed are so deeply troubling, says Nan Aron, president of Alliance for Justice.
As clients increasingly look to limit their own liability exposure, they can reasonably expect that their retained counsel should do the same. In this context, a carefully crafted, thoughtfully presented engagement letter can help a law firm strike a successful balance between protecting itself and preserving a client relationship, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.
In this analysis of disciplinary action trends in the legal industry, Edwards Neils LLC managing member Jean Edwards examines data provided by bar organizations for 17 states and the District of Columbia.
A health care operator in financial distress may consider a number of nonbankruptcy options to streamline its operations, dispose of underperforming assets and improve its position. However, an operator with significant assets in a master lease may find that the lease imposes a variety of restrictions, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.
With law firms increasingly exposed to professional liability risks associated with their corporate client relationships, firms must craft well-structured client engagement letters to help protect against malpractice claims. Two key elements of an engagement letter are how it defines the scope of engagement and how it handles conflicts of interest, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.
Today, members of Congress often seem able to blame colleagues of the other party for not getting anything done for their constituents. In law practice, you can’t really blame a bad result for your clients on the lawyers on the other side, says former Sen. Joe Lieberman, D-Conn., of Kasowitz Benson Torres LLP.
Corporate law departments are increasingly demanding more concessions from outside legal counsel, and presenting engagement letters that open the door to greater professional and cyber liability exposure for law firms — often beyond the scope of their insurance coverage. Firms must add their own language to engagement letters to limit liability, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.