Private Equity Law360 provides breaking news and analysis on private equity deals and the attorneys involved. Coverage includes high-impact deals, related litigation and enforcement actions, and policy developments that affect private equity firms.
Federal securities litigation should reject the junk science of the so-called Cammer factors — none of which truly help establish whether the market for a security at issue is efficient — and return to the commonsense approach of the earliest fraud-on-the-market cases, says researcher J.B Heaton.
Security services firm GardaWorld said Tuesday that members of its management team and BC Partners agreed to take over Rhône Group's majority stake in the company through a CA$5.2 billion ($3.9 billion) recapitalization deal.
A New York federal judge greenlit a $6.5 million settlement Monday that would end investors' allegations over Patriot National Inc.'s purported failure to properly consider a $475 million takeover offer from insurance software maker Ebix Inc.
Blackstone is reportedly mulling selling off a Cheniere Energy Partners stake, Mishcon de Reya LLP is said to be exploring options including a potential public offering or a stake sale, and Apple is reportedly deep in talks to buy Intel Corp.'s smartphone-modem chip unit.
Health care management platform Livongo increased its expected IPO price range on Monday, raising the Wilson Sonsini-guided offering’s expected haul to $267.5 million at midpoint.