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 truck startup Ottomotto failed to show that company directors were too conflicted to assess failures and pursue damages.
An investor in online payment firm JetPay Corp. filed suit Monday in Delaware federal court, saying disclosures made by the company and its directors regarding its proposed acquisition by NCR Corp. left out material information needed by shareholders before voting on the transaction.
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.
Pittsburgh-based Evoqua Water Technologies Corp. wants French company Bio UV Group SAS to pick up the legal bills for a company Evoqua bought from it in 2016, claiming in state court Tuesday that a hot-tub maker's claims against the purchased company should be covered by the indemnification language in the stock purchase agreement.
A man must pay over $13 million in interest after the Ninth Circuit agreed with the U.S. Tax Court on Tuesday that the interest was part of his overall tax debt to the Internal Revenue Service.
Kirkland & Ellis LLP has nabbed a European Union law expert with experience guiding companies through mergers as a partner in its London office, the firm has announced.
Grocery outlet Sainsbury and Walmart Inc.'s U.K. subsidiary have responded to criticisms that their proposed merger would harm competition, saying in a report made public Tuesday that it would instead lead to an increase in competition and lower prices for consumers.
AstraZeneca will sell the U.S. rights to a respiratory drug to Sobi for $1.5 billion in cash and stock up front as part of a push to streamline its portfolio of drugs, the U.K.-based pharmaceutical giant said Tuesday.
The U.S. Supreme Court said Tuesday it will not review a First Circuit ruling that an ex-CEO at a behavioral health company who supposedly pursued a merger out of self-interest must disgorge $3 million to shareholders, even though a Massachusetts federal jury initially found the investors weren’t financially harmed.
President Donald Trump on Tuesday named the chief of the Office of Information and Regulatory Affairs for the D.C. Circuit post vacated by U.S. Supreme Court Justice Brett Kavanaugh, setting off a nomination fight for what's viewed as the nation's second-highest appeals court.
President Donald Trump on Monday said he supported a call by a cable industry group to investigate alleged anti-competitive activity by Comcast Corp., specifically with regard to its merger with NBC Universal.
One Equity Partners has agreed to sell specialty hydrocarbon chemicals business Sonneborn to Dallas-based oil refining company HollyFrontier Corp. for $655 million, the companies said Tuesday, in a deal piloted by Baker McKenzie, Morgan Lewis & Bockius LLP and Wachtell Lipton Rosen & Katz.
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.
Continuing a steady uptick in outside counsel spending, top legal decision makers are projected to spend billions more on law firms next year, with areas like cybersecurity and data privacy and mergers and acquisitions expected to see big gains, according to a report released Monday.
Veritas Capital and Elliott Management affiliate Evergreen Coast Capital said Monday they will take Massachusetts-based Athenahealth private for $5.7 billion in cash, a deal that follows pressure from the activist hedge fund.
Germany’s SAP SE, led by Jones Day, on Sunday inked an $8 billion cash deal for Qualtrics International Inc., snapping up the U.S.-based experience management software provider ahead of an anticipated initial public offering.
Hedge fund Third Point LLC on Friday scaled back its bid to control Campbell Soup Co.’s board following what it called “decades of underperformance,” announcing its intent to nominate five independent director nominees instead of the originally planned 12.
Good Technology Corp. stockholder beneficiaries of a $52 million pair of Delaware Chancery Court settlements over the company’s disputed sale to BlackBerry Ltd. have agreed to hold back $5.1 million from distributions pending resolutions with large investors excluded from the deal.
BlackBerry is discussing a deal to buy Cylance Inc., Permira wants to sell off Teraco Data Environments, and Archer Daniels Midland floated a deal to buy Molinos Agro’s livestock feed and soy oil manufacturing plant.
After two days of a contentious battle over bankruptcy financing provisions, Greek marine refueling company Aegean Marine Petroleum Network Inc. was given the go-ahead Friday to begin withdrawing from a $532 million debtor-in-possession loan package provided by its potential buyer.
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 fifth hearing in the Federal Trade Commission’s series on competition in the 21st century addressed vertical mergers and the consumer welfare standard. Barry Reingold of Perkins Coie LLP offers some key takeaways.
Research conducted by our firm explores two different kinds of health care transactions, shedding light on why they are occurring and areas where we expect to see future deals proliferate, say Mark Goran and Michael Dolan of Polsinelli PC.
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.
As the growth of foreign direct investments in the U.S. continues, companies and their employees should focus on the risk that they are interacting with “foreign officials” — as defined by the Foreign Corrupt Practices Act and the courts — even if that interaction takes place entirely within the U.S., say attorneys with King & Spalding LLP.
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.
The Delaware Chancery Court's recent decision in Akorn v. Fresenius has been widely reported because the court, for the first time, found that a target company had suffered a “material adverse effect.” But the 246-page opinion is also a primer on how the court may interpret numerous standard provisions in merger agreements and in corporate contracts generally, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.
In light of regulatory success in recent major media mergers, the termination of Sinclair Broadcast’s attempted acquisition of Tribune Media came as a shock to many. Attorneys with Winston & Strawn LLP explain what went wrong and discuss how to avoid having a deal suffer a similar fate.
By 2030, it is possible that 75 percent of lawyers practicing in the U.S. will be millennials. A broadened focus on retention and advancement of all young lawyers is therefore a logical step forward but it fails to address another major retention issue that law firms should explore, says Susan Smith Blakely of LegalPerspectives LLC.