Private equity giants KKR & Co. Inc. and Bain Capital L.P. announced Tuesday they have established a $20 million fund to provide severance pay for some of the more than 30,000 former employees of the bankrupt Toys R Us chain.
Palmcorp Development has reportedly landed nearly $14 million in financing for a project to build single-family homes in Miami, Wells and Goldman are said to have loaned a combined $156 million for a New York retail and residential building and Redwood Partners has reportedly bought a Long Beach, California, office campus for $60.5 million.
A California federal judge on Monday gave the final nod to a $16 million settlement ending class claims that Zicam LLC and Matrixx Initiatives Inc. falsely advertised their over-the-counter homeopathic remedies as able to prevent and shorten the common cold.
A Delaware bankruptcy judge on Tuesday gave her nod to David's Bridal Inc.’s $185 million in post-petition financing in the bridal retail giant's prepackaged Chapter 11, which the company said was necessary to keep operations going as it heads into the busy season for dress orders.
From the downfall of the physical presence test to proposed regulations to limit income inclusions for corporate U.S. shareholders of controlled foreign corporations, family, friends and turkey are not the only things tax attorneys have to be thankful for this holiday season. Here, Law360 looks at six tax developments practitioners appreciate and hope for this year.
The superintendent general of Brazil’s antitrust watchdog has recommended ending an investigation into whether Google illegally tweaked its algorithm to favor its own price comparison tool over competitors’, saying it had discovered no harm to competition.
Holliday Fenoglio Fowler LP said Tuesday that it has sold a 207,030-square-foot retail center located in South Florida to institutional asset manager MetLife Investment Management for $73.75 million, in a deal that was guided by Kapp Morrison LLP.
SoftBank's Vision Fund is reportedly set to inject $2 billion into South Korean e-commerce giant Coupang, Warburg Pincus is aiming to raise $4 billion for a China-focused fund, and multiple bidders are vying for the 22 regional sports TV networks Disney acquired in its merger with 21st Century Fox.
A Delaware bankruptcy judge on Monday authorized a court-appointed examiner in the Chapter 11 case of Samuels Jewelers to issue subpoenas for documents and interviews in order to investigate an alleged $2 billion Indian bank fraud and its potential connection to the bankruptcy case.
Toys R Us investors poised to buy an 85 percent stake in the toy giant's $900 million Asian business have reached an agreement with minority equity holder Fung Retailing Ltd., a China-based retailing arm of the Fung Group, putting to rest opposition over the purchase.
A California federal judge said Monday he would rethink a July decision tossing claims by a certified class of 29,000 Big Lots workers seeking wages for off-clock times locking stores, saying there may be a triable dispute about whether some employees worked more than short, de-minimis off-clock periods.
Walmart Inc. urged a California federal judge on Friday to pare claims that workers were discouraged from taking meal breaks by security checkpoints at store exits from a wage-and-hour class action, while the workers separately told the court they weren’t properly paid for time they spent going through those screenings.
Michigan state officials have slammed a Native American community’s quick win bid in a suit over the state’s tax authority, saying the community had provided information that was inaccurate or unsupported and federal law did not preempt the state’s imposition of sales or tobacco tax.
A motel business hit back at an attempt by Sprint Solutions Inc. to put an end to its proposed class action, arguing in Connecticut federal court on Friday that the telecommunications company failed to prove that it had permission to repeatedly fax unsolicited ads to the lodging without an opt-out notice.
A $1.2 million settlement that will end a class action against Petco for surreptitiously running credit checks on job applicants has been approved by a California federal court, which called the deal a "good result" for the nearly 40,000 class members and the company.
A New York bankruptcy court judge on Monday gave Sears permission to sell $900 million in internal debt after the retail giant and an objecting creditor said they had settled their differences about the proposal.
A Virginia federal judge on Friday dismissed a Travelers excess insurer’s lawsuit seeking to avoid coverage of Lumber Liquidators Inc.’s $36 million settlement of product defect claims, finding that the coverage dispute can be more efficiently resolved in a parallel Wisconsin state court action that has been pending for over three years.
A Pittsburgh-area jeweler is suing Oakland Raiders wide receiver Martavis Bryant in Pennsylvania state court over the unpaid balance on a gold-and-diamond necklace the player ordered while he was with the Pittsburgh Steelers.
A Blackstone Mortgage Trust entity has reportedly loaned $211.9 million for a Florida retail and residential project, a $200 million Habitat Co. Chicago mixed-use project is said to have received the green light, and TF Cornerstone has reportedly dropped $300 million on a development site near the location of the new New York City Amazon headquarters.
Bridal retail giant David's Bridal Inc. entered Chapter 11 in Delaware bankruptcy court on Monday with a proposed restructuring support agreement for a debt-for-equity swap in place, citing financial strain caused by its roughly $800 million in debt, most of which is set to mature in the next year.
Predicting how the cybersecurity landscape will develop is critical for any organization wanting to mitigate the risk of the inevitable future attack. Michael Hall of HighQ Solutions Ltd. discusses five threats to look out for in the next 12 months.
The law reauthorizing the Federal Aviation Administration requires the FAA to take numerous regulatory actions that will reshape the use of drones by governmental, commercial, hobbyist and recreational operators, say Joel Roberson and Jennifer Nowak of Holland & Knight LLP.
Joshua Peck, incoming marketing director of Hill Wallack LLP, traces the evolution of the chief marketing officer position at law firms and shares insights from three legal marketing pioneers.
Following recent U.S. Supreme Court oral arguments in Lamps Plus v. Frank Varela, the Ninth Circuit’s decision in the case appears to be facing an uphill battle to uphold the authorization of class arbitration, say Adam Primm and Peter Kirsanow of Benesch Friedlander Coplan & Aronoff LLP.
In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Katie DeBord, chief innovation officer at Bryan Cave Leighton Paisner LLP.
When analyzing the incorporation of contract terms by reference using hyperlinks, courts are increasingly focusing on the hyperlink's labeling, location, prominence and accessibility, and on the consumer's assent, say Alan Wingfield and Troy Jenkins of Troutman Sanders LLP.
Despite a commonly held belief in the technology community that the “service” portion of software-as-a-service means that sales tax has no significance, a growing number of states now require SaaS companies to collect sales tax on their invoices, says Brian Sengson of Bennett Thrasher LLP.
With few cases going to trial, many attorneys keep their oral-presentation skills sharp by teaching continuing legal education programs. To avoid giving a CLE that falls flat and damages your reputation, you must fashion a thoughtful message, control its presentation, and nail the beginning and ending, says Daniel Karon of Karon LLC.
Since the oldest members of Generation Z aren’t even finished with law school yet, law firm management is in a unique position to prepare for their entrance into the legal workforce, says Eliza Stoker of Major Lindsey & Africa.
One legal regime currently wrestling with the concept of data scraping is the Computer Fraud and Abuse Act. An important distinction that is emerging from the CFAA case law is whether the targeted data is publicly available or private and protected, say Kris Kappel and Liam Reilly of Husch Blackwell LLP.