Ares Life Sciences said Thursday it will snap up the rest of French allergy pharmaceutical company Stallergenes Greer it doesn’t already own in a 730.1 million euro ($832.5 million) deal guided by Skadden and Clifford Chance.
A pension fund that invested in Civitas Solutions filed a complaint in Delaware Chancery Court on Thursday seeking access to records related to the health company’s $1.4 billion sale, saying the deal was seemingly inadequate and served as a needed quick cash-out for the company’s controlling private equity fund.
DLA Piper LLP said Wednesday that it's beefed up its California offices by hiring a former Baker McKenzie partner who focuses her practice on energy and project finance and a former Wilson Sonsini Goodrich & Rosati partner who specializes in advising startups, emerging technology and media companies.
A New York bankruptcy judge told Sears and a hedge fund owned by its former CEO on Thursday that he'll need more time and evidence before he can decide the rightful owner of $14.6 million in credit card receipts.
Lion Air is getting ready to go public in its homeland of Indonesia, yacht maker Ferretti is getting ready to go public once again, and KKR is raising its debut real estate fund focused on Asia and is looking to reap $1.5 billion in investments.
Hogan Lovells has announced that a former EY attorney has returned to the law firm to serve as head of its U.S. real estate investment trust tax practice in Washington, D.C.
In a rare move, the Internal Revenue Service on Thursday suspended two 1957 revenue rulings that restricted businesses’ ability to undertake tax-free distributions of stock or securities in light of a recently launched study focused on research and development projects.
Murphy Oil Corp. on Thursday said it will hand off a pair of Malaysian subsidiaries to Taiwan-based PTT Exploration and Production Public Co. Ltd. in a $2.13 billion deal, with Gibson Dunn & Crutcher LLP steering the seller.
The European Union published new rules Thursday for screening inbound foreign investments that go into effect next month, following the same overall structure of the Committee on Foreign Investment in the United States.
A Medley Capital Corp. investor filed a proposed class action Wednesday seeking to have the Delaware Chancery Court bar further delay of a stockholder vote on a proposed merger with Sierra Income Corp., even though the court ruled last week a vote can't be held until more information is disclosed.
A Florida appeals court ruled in favor of three doctors who had bought an interest in a Miami hospital that later squeezed them out during a merger, affirming the award of $3.34 million each that they had requested instead of the $1.1 million they were each offered.
Australia-based education provider Navitas, advised by Ashurst LLP, said in an Australian Stock Exchange filing on Thursday that it has agreed to an AU$2.1 billion ($1.5 billion) takeover offer from a consortium composed of BGH Capital and pension-fund manager AustralianSuper.
Europe’s competition watchdog approved Spirit’s $650 million acquisition of Asco after Spirit had offered commitments to alleviate the regulator's concerns, particularly for the supply of aerospace equipment.
The U.S. Securities and Exchange Commission on Wednesday voted to pare and streamline certain disclosure requirements of public companies, marking the agency's latest effort to prune its regulatory tree after decades of adding branches.
Figuring out what constitutes a manageable workload for the nation’s district judges is no simple task. Getting the judiciary the resources it needs is even harder.
The Western District of Louisiana is supposed to have seven district judges. But for a year, most of the courthouses were operating without a single Article III judge. As usual, magistrate judges picked up the slack.
Investor claims that advanced age and retirement concerns motivated NCI Inc.’s controlling stockholder and founder to cash out through an allegedly unfair and inadequate $283 million go-private sale don’t “hold water,” Delaware’s chancellor said Wednesday in dismissing a challenge of the transaction.
Nexstar Media Group said Wednesday it has reached deals to sell 19 TV stations totaling $1.32 billion to resolve regulators’ antitrust concerns about its proposed megadeal to buy Tribune Media Co.
The directors of high-frequency trading firm KCG Holdings Inc. told a Delaware Chancery judge Wednesday that claims they violated their duties to investors by approving a $1.4 billion merger were cleansed by subjecting the deal to a supermajority vote of uninterested stockholders.
The D.C. Circuit’s handling of the AT&T-Time Warner trial last summer doesn’t set an ideal example for how courts should analyze mergers for anti-competitive harms, the U.S. Department of Justice’s Antitrust Division head said Wednesday, prompting criticism from one Federal Communications Commission member who said the DOJ's current benchmarks "stink."
The U.S. Supreme Court's unanimous ruling on Wednesday in Obduskey v. McCarthy & Holthus LLP removes nearly all activities taken by creditors seeking nonjudicial foreclosure of liens and mortgages from the ambit of the Fair Debt Collection Practices Act, says John Baxter of Nelson Mullins Riley & Scarborough LLP.
These days, a popular theme in media is that lawyers' jobs will be taken by robots. However, based on the tech issues discussed at the South by Southwest technology conference in Austin, Texas, last month, robots may in fact need lawyers, says Nick Abrahams of Norton Rose Fulbright.
While Texas state courts have barred use of the "manifest disregard of the law" defense in international arbitration matters, recent cases in the Fifth Circuit describe the doctrine alternatively as “alive but not well,” “dead,” or “triumphantly ‘back from the dead,” say James Rogers and Clarissa Medrano of Akerman LLP.
In the context of corporate mergers and acquisitions, there are several employment-related elements to consider. Attorneys with Proskauer Rose LLP share guidance on discovering, managing and preventing potential liabilities resulting from a target company’s labor and employment practices.
You passed the bar exam and are ready for the character and fitness committee interview. Time to think about how to discuss that minor incident in college, that misdemeanor in high school or that mental health issue that you have totally under control, says Richard Maltz of Frankfurt Kurnit Klein & Selz PC.
The Delaware Chancery Court's decision last week in Vintage v. Rent-A-Center is a stark reminder that courts will enforce the terms of a merger agreement as written. The issue to watch is whether Rent-A-Center will be entitled to the reverse termination fee, say attorneys at Cleary Gottlieb Steen & Hamilton LLP.
China's foreign investment security review regime shares many characteristics with the Committee on Foreign Investment in the United States. And as tensions rise between the two countries, China, like the U.S., is set to scrutinize more deals, says Guogang Li of the Tahota Law Firm.
My initial reaction to "Doing Justice" was that author Preet Bharara may have bitten off more than he could chew — an accusation leveled against him when he served as U.S. attorney for the Southern District of New York — but I found the book full of helpful gems, says U.S. District Judge Cynthia Bashant of the Southern District of California.
Though most experts believe that an imminent recession is unlikely, slowdown fears are increasing. Now is the time for firms to consider how to best leverage their communications and marketing teams to lessen impacts from a potential economic slowdown, says Tom Orewyler of Tom Orewyler Communications LLC.
The interrelationship between the credit default swap and syndicated term loan markets has become increasingly important and complex over the past five years. Four case studies help illustrate the interplay, say attorneys at Davis Polk & Wardwell LLP.