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.
Neiman Marcus Group Inc. filed counterclaims in Texas state court Friday against Marble Ridge Master Fund LP and its adviser, disputing the lawsuit the hedge fund lobbed earlier in the week and saying it has “waged a public campaign” against the luxury fashion retailer in an effort to extort value from it.
A New York federal judge on Thursday overruled objections to the U.S. Securities and Exchange Commission's questioning of a former attorney for an ex-Apollo Management LP executive who stands accused of defrauding fund clients, saying there’s been no showing of common interest privilege.
Creditors of bankrupt David’s Bridal Inc. called for a 50 percent cut to a proposed $13.1 million Delaware Chapter 11 retention fee for investment banker Evercore Group LLC on Friday, citing “double dipping” and other allegedly nonstandard fee calculations.
New Jersey-based Merck & Co. Inc. said on Friday that it has agreed to buy all outstanding shares of privately-held animal intelligence technology group Antelliq Group for €2.1 billion ($2.4 billion) and assume its debt in a deal that was guided by Covington & Burling LLP.
A U.S. national security panel is reportedly expected to OK a Sprint-T-Mobile merger, Intel Corp. and TPG Capital are in talks to sell McAfee to Thoma Bravo, and Bankia is close to offloading €3 billion ($3.4 billion) worth of bad loans and repossessed property.