The U.S. Department of Justice wrapped up its investigation into Discovery Communications’ $14.6 billion buyout of Scripps Network Interactive on Tuesday, a day after Discovery said private equity firm Francisco Partners would take over a majority stake in its education unit.
Extended Stay America Inc. and its real estate investment trust subsidiary ESH Hospitality Inc. said Tuesday they have completed a $114 million sale of 25 ESA hotels with about 2,400 rooms to an affiliate of hospitality equity and debt investment group Three Wall Capital LLC.
A planned initial public offering by file-storage giant Dropbox Inc. could influence whether more of Silicon Valley's elite corps of venture-backed startups — a deep roster of richly valued, private technology companies commonly called "unicorns" — follow suit in 2018, experts say.
Amazon has reportedly snapped up home security startup Ring, Glassdoor is talking to banks that could aid an upcoming initial public offering, and Toys R Us is mulling a deal to sell its stake in its Asian business.
A decision from a Delaware bankruptcy judge on the Chapter 11 plan confirmation of Great Lakes shipping company Rand Logistics will have to wait a day after the court on Tuesday said it needed to take some time to consider objections raised by the U.S. government to the short-track plan process.
An appellate panel from New York's First Judicial Department on Tuesday backed up a lower court's decision to deny a request by two investment funds to try their $58 million fraud case against a failed Chinese borrower by a jury, saying a jury waiver in their agreement still applied.
New York-based American Securities LLC on Tuesday announced the closing of its eighth private equity fund, which secured $7 billion from limited partners, significantly eclipsing its initial target.
Motor Fuel Group has agreed to buy fellow private equity-backed British gasoline retailer MRH GB Ltd. in a deal that is worth roughly £1.2 billion ($1.67 billion) and will create a single entity that will operate more than 900 gas stations, the companies said Tuesday.
Texas-based specialty materials company Celanese Corp. and private equity giant Blackstone Group LP have submitted concessions to Europe’s antitrust watchdog over concerns that their proposed acetate tow venture could hurt competition in the market, according to a Monday filing.
Baker Botts LLP has hired four former Vinson & Elkins LLP corporate partners who are experienced in representing clients in master limited partnerships and billion-dollar transactions in the energy industry, Baker Botts recently announced.
Mayer Brown LLP announced on Tuesday that it has expanded its private equity offering with the hire of a lawyer from Simpson Thacher & Bartlett LLP, who brings with him experience advising a broad range of industries including technology and telecommunications.
The Weinstein Co. is readying for bankruptcy after a negotiated sale of the embattled film studio fell through following a New York attorney general lawsuit, according to a letter sent by company board members on Sunday and published in various reports.
The idea of forcing shareholders in IPO-related investor suits into arbitration has garnered increased attention in recent days, with the SEC’s investor advocate saying it’s a “draconian” measure that would deny investors the right to class action claims and one legal expert predicting the issue may have to be decided at the Supreme Court.
Boeing will reportedly have a majority stake in a possible joint venture with Embraer, pension funds have set their sights on the builder of an Australian infrastructure project, and Ceva Logistics is looking to list publicly by this summer.
Massachusetts-based Causeway Media Partners, a venture capital firm that focuses on sports and was founded by owners of the Boston Celtics and San Francisco 49ers, said Monday it has raised $211.3 million in its latest fund after blowing past its original fundraising target by more than $36 million.
U.S. cloud networking company GTT Communications Inc. said Monday it will pay €1.9 billion ($2.3 billion) to take over European peer Interoute Communications Ltd. in a major expansion of GTT’s geographic footprint and overall capabilities.
Spectrum Brands, which sells consumer products under well-known names including Remington, Black & Decker and Armor All, on Monday said it had struck a $10 billion deal to combine with HRG Group Inc., a holding company that touts Spectrum as its principal operating subsidiary.
Florida-based commercial food service equipment company Welbilt Inc. will acquire professional-grade coffee machine manufacturer Avaj International Holding AB from two private equity firms for $224 million, the company said on Monday.
The last week has seen hundreds of new claimants bring competition suits against Visa and MasterCard, Italian bank Dexia lodge a claim against a Sicilian city still staring down a pre-crisis-era derivatives contract, and the liquidator for an FCA-targeted carbon credit investment scheme file a negligence claim against Nabas International Lawyers LLP.
With so much mergers and acquisitions news this week, you may have missed several deals announced in the last several days helmed by firms such as Simpson Thacher & Bartlett LLP and Weil Gotshal & Manges LLP. Here, Law360 recaps the ones you might have missed.
More than any other statute, the Foreign Corrupt Practices Act has fueled the growth of the compliance industry. While the expansion of corporate compliance is a positive development, the fear-driven and FCPA-centric approach has also produced unfortunate consequences, says ethics consultant Hui Chen, who served as the U.S. Department of Justice's first-ever compliance counsel.
While it is important to focus on “getting the deal done,” a seller should also take into account and plan for potential deal litigation. For a public company contemplating a sale-of-control transaction, shareholder litigation is very likely, say attorneys with Gibson Dunn & Crutcher LLP.
The U.S. agencies’ increasing coordination with their foreign partners has led to more potent Foreign Corrupt Practices Act investigations — in terms of both their scope and settlement cost, say Patrick Stokes, former chief of the FCPA Unit at the U.S. Department of Justice, and Zachariah Lloyd of Gibson Dunn & Crutcher LLP.
Gary Ford's new book, "Constance Baker Motley: One Woman’s Fight for Civil Rights and Equal Justice Under Law," is more than a biography of the first African-American woman to become a federal judge. It presents in vivid detail how her work altered the legal landscape of the United States, says U.S. District Judge Marcia Cooke of the Southern District of Florida.
Google’s status as a go-to research tool has transformed legal research habits, leading critics to view law libraries as cost centers. Law firms should embrace Google-style research tools and manage costs efficiently in order to position their libraries as valuable assets for years to come, says Donna Terjesen of HBR Consulting.
Millennials are now the largest living generation and comprise one-third of jurors. While it is impossible to generalize a group so large and diverse, trial lawyers should be mindful of certain generational differences, say baby boomer Lee Hollis and millennial Zachary Martin of Lightfoot Franklin & White LLC.
There have been many articles on the corporate monitor selection process, but you will find little guidance on how to prepare yourself for a job that has few parallels. There are three key lessons I have learned over the course of a Foreign Corrupt Practices Act monitorship still in progress, says Gil Soffer of Katten Muchin Rosenman LLP.
When a borrower finds itself in a distressed situation, management or private equity sponsors will often identify valuable assets to isolate them from the distressed company, often to the detriment of certain creditors. A recent example involving Algeco Scotsman offers important takeaways for issuers as well as bondholders, say Adam Summers and Corey Fersel of Fried Frank Harris Shriver & Jacobson LLP.
The government’s new position on the constitutionality of the U.S. Securities and Exchange Commission’s administrative law judges is more far-reaching and potentially consequential than is generally understood, says Daniel Walfish, a former SEC senior counsel now with Milbank Tweed Hadley & McCloy LLP.
Much has been written about the 2012 "Resource Guide to the U.S. Foreign Corrupt Practices Act," but no one has talked about the behind-the-scenes work that produced the guide — until now, say Charles Duross, former chief of the FCPA Unit at the U.S. Department of Justice, and Kara Novaco Brockmeyer, former chief of the FCPA Unit at the U.S. Securities and Exchange Commission.