Chinese automotive-backed loan provider Weidai Ltd. debuted on the New York Stock Exchange Thursday after pricing shares at $10 apiece, raising $45 million in an initial public offering guided by Cleary Gottlieb Steen & Hamilton LLP.
The Trump administration’s changes to the North American Free Trade Agreement’s automotive rules were made with an eye toward boosting production in the region, but both corporate and labor interests in the car sector on Thursday voiced skepticism as to whether the deal could deliver on its promise.
Spectrum Brands Holdings Inc. said Thursday it will sell its automotive care business to Energizer Holdings Inc. in a deal worth $1.25 billion, with Bryan Cave Leighton Paisner LLP guiding the buyer and Paul Weiss Rifkind Wharton & Garrison LLP and Baker McKenzie steering the seller.
The U.S. Environmental Protection Agency said Wednesday that it will ease hazardous waste regulations for auto dealerships, repair facilities and scrap yards disposing of potentially deadly Takata air bag inflators at the center of a sweeping 2015 national recall.
Japanese auto parts maker KYB Corp. will pay car dealers $9.12 million to settle an antitrust action accusing it of fixing the prices of shock absorbers, according to the dealers’ request for preliminary approval in a Michigan federal court Wednesday.
Volkswagen AG and Robert Bosch GmbH said Tuesday in California federal court that businesses that invested in building new Volkswagen dealerships or expanding existing dealerships in the midst of the German automaker's 2015 emissions-cheating scandal have overblown their claims of a conspiracy and financial losses from Volkswagen’s reputational hit.
Electric vehicle manufacturer Nikola Corp. on Wednesday said it snapped up $210 million from a funding round steered by Pillsbury Winthrop Shaw Pittman LLP, as the Arizona-based company looks to continue rolling out its lineup of hydrogen-powered semi trucks.
A Ford dealership and the recipients of its unwanted automated advertising messages have reached a preliminary $4.8 million settlement in a proposed class action accusing it of violating federal communications law, according to a motion filed in Florida federal court.
Drivers in a proposed class action have asserted in Florida federal court that Southeast Toyota Distributors LLC knew its cars had defective ventilation systems but said nothing, an act of omission that should keep it on the hook despite its attempts to get out of the case.
Attorneys for Uber and its directors told a Delaware vice chancellor Tuesday that stockholders who challenged the company’s disastrous, $680 million deal to buy self-driving vehicle startup Ottomotto failed to show that company directors were too conflicted to assess failures and pursue damages.
One of Tesla Inc.'s top securities lawyers has left the Silicon Valley-based electric car maker, less than two months after Tesla and its CEO Elon Musk agreed to pay the U.S. Securities and Exchange Commission $20 million apiece to resolve securities fraud claims.
The Hertz Corp. is asking an Illinois federal judge to end a proposed class action claiming the rental car company uses misleading names for some of its rental surcharges, saying the consumer has admitted she did not see the names used for the charges before she rented her car.
WeWork nabbed $3 billion from SoftBank, Saudi Aramco still plans to go public, and BMW is talking to banks while it weighs selling off its credit card unit.
U.S. Environmental Protection Agency Administrator Andrew Wheeler on Tuesday announced a future rulemaking that will “further decrease” nitrogen oxide emissions for certain heavy-duty trucks and engines while promising to also ensure regulatory certainty for industry.
A Texas jury has awarded $260 million over an accident in which a man was killed when his van ran into the side of a tractor-trailer positioned across all four lanes of a highway, according to the victim's parents' lawyers.
Volkswagen AG shareholders have pushed back against the carmaker's bid to escape antitrust and securities fraud charges in a proposed class action, telling a New York federal court that they properly backed their argument that the German automaker engaged in illegal conduct.
Johnson Controls, advised by Simpson Thacher & Bartlett LLP, said Tuesday it will sell its power solutions business for $13.2 billion to Brookfield Business Partners LP and other investors, as the technology and industrial company looks to cut noncore assets and improve its financial position.
The last week has seen a pair of disputes involving asset manager CGrowth, another suit from private equity-linked firms taking on parties linked to Thailand's KPN Group and Kodak bring a competition case against Goldman, Glencore and others the film giant has accused of manipulating aluminum prices in the U.S. Here, Law360 looks at those and other new claims in the U.K.
Volkswagen said Friday that a Florida federal judge properly dismissed multiple counts from a proposed consumer class action alleging it sold CC model sedans with suspension defects, so there’s no need to grant consumers’ motion to revisit the ruling.
A 10-year Tesla compensation plan offering founder and CEO Elon Musk as much as $55.8 billion cannot avoid Delaware Chancery Court’s tough entire fairness review standards, despite director claims that more-permissive standards apply, an investor who challenged the deal argued Friday.
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.
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.
The new Democratic House majority is expected to direct much of its attention to executive branch oversight and accountability. Companies and their legal counsel should be prepared for a dramatically changed collateral environment as investigations cover a wide range of topics, say attorneys at WilmerHale.
In this series featuring law school luminaries, Yale Law School lecturer and Pulitzer Prize-winning reporter Linda Greenhouse discusses her coverage of the U.S. Supreme Court, the conservatives' long game and trends in journalism.
Attorneys should think beyond the Veterans Day parades and use their time and talents to help the many veterans facing urgent legal issues, says Linda Klein of Baker Donelson Bearman Caldwell & Berkowitz PC.
The decision last month by Baker McKenzie’s global chairman to step down due to exhaustion indicates that the legal profession needs to mount a broader wellness effort to address long hours, high stress, frequent travel and the daily demands of practice, says Leesa Klepper, director of Thrivewell Coaching.
California Assembly Bill 1184, passed in September, authorizes a new tax on privately owned autonomous vehicles. This is likely the first of many pieces of similar legislation across the nation as policymakers grapple with the impact of automated technology on the economy and the job market, says Benjamin Ebbink of Fisher & Phillips LLP.
Companies in mining and other industries are seeking to demonstrate the sustainability and ethical integrity of their products and supply chains. Because of its ability to improve transparency and accountability through incorruptible data sharing, blockchain may be ideal for this purpose, say attorneys with White & Case LLP.
Three pending Senate bills to amend the federal tax credit for plug-in electric vehicles range from immediately ending the credit to expanding and extending it for another decade. Erica York of the Tax Foundation weighs in on the pros and cons of each proposal.