Independent directors of The Fresh Market "got into a very messy situation and then covered it up" with the company's $1.4 billion take-private sale to Apollo Global Capital in 2015, a stockholder attorney argued Monday during an eight-way Delaware Chancery Court dismissal battle.
The Delaware chancellor declined Monday to immediately decide whether ITG Brands must front $93 million in tobacco settlement costs that R.J. Reynolds owes the state of Florida after ITG bought certain Reynolds cigarette brands for $7.1 billion, finding the acquisition deal can reasonably be interpreted in different ways.
The Federal Circuit on Monday shot down L'Oreal USA Inc.’s request to suspend more of a district court’s order that had blocked the cosmetics giant from making and selling hair color products at the center of a $50 million patent infringement case brought by Olaplex LLC.
Wachtell Lipton Rosen & Katz on Monday told a New York trial judge that CVR Energy Inc. and Carl Icahn are ignoring substantial evidence that they misused Wachtell's internal documents in their bid to dodge the firm's lawsuit, saying the firm is ready to go to trial.
A New York federal judge greenlit a $6 million settlement between Iconix Brand Group Inc. and its investors Monday, resolving allegations that the fashion brand management company fudged its financial statements in order to hide its deteriorating performance.
A $50 million offer from a joint venture of Tower Health and Drexel University to buy St. Christopher's Hospital for Children in Philadelphia from bankrupt operator Center City Healthcare LLC received court approval Monday in Delaware bankruptcy court.
Mortgage company Ditech Holding Corp. is asking a New York bankruptcy judge to approve a revised Chapter 11 plan, saying it has reached an agreement with its consumer creditors that will boost the ability of its mortgage holders to correct mistakes in their accounts.
New Hampshire’s attorney general is raising red flags about the planned purchase of a hospital system by the owner of Massachusetts General Hospital, saying the move could hurt competition in the Granite State and result in higher costs for health care.
Private equity firm Greenbriar said Monday it will buy Michigan-based defense and security company Arotech in an $80.8 million deal steered by Kirkland & Ellis LLP and Lowenstein Sandler LLP.
Ireland-based auto parts maker Aptiv and Hyundai Motor Group on Monday said they have agreed to form a $4 billion joint venture that aims to further develop self-driving vehicles.
AMC Entertainment Holdings Inc. must face the majority of shareholders' proposed class claims that the company misled investors about a trio of major acquisitions ahead of its secondary public offering, a New York federal judge has ruled.
Freshfields, Meitar Liquornik, Arendt & Medernach and Norton Rose have assisted Adler Real Estate on various aspects of its roughly €708 million ($778.1 million) deal to buy a stake in Ado Properties via purchase of a major Ado shareholder.
Cannabis investment company World High Life said Monday it will acquire London-based CBD and hemp business Love Hemp in a roughly £9 million ($11.2 million) bet on the European cannabis industry.
The Third Circuit on Monday ordered the Federal Communications Commission to wholly redo and better justify any changes to its media ownership rules, making sure that they are not at the expense of women and minorities seeking to gain a foothold in the industry.
Vonovia said Monday it will take a majority stake in private equity-backed Hembla in a deal that values the company at 12.23 billion Swedish krona ($1.25 billion), as the German real estate firm looks to deepen its presence in Sweden.
Hospital operator Tower Health and Drexel University announced Friday that they have agreed to buy Philadelphia's St. Christopher's Hospital for Children from bankrupt Center City Healthcare for $50 million.
Allergan was slammed Friday with a proposed securities class action in New Jersey federal court seeking to block its blockbuster merger with AbbVie until the company provides its shareholders with certain information related to the proposed $63 billion deal.
The draft rules for the overhaul of the Committee on Foreign Investment in the United States are finally out, providing more detail about the changes coming to the process for reviewing inbound transactions for potential national security concerns. Here, Law360 outlines the key clarifications provided by the proposed regulations.
Camber Capital Management on Friday became the second activist investor this month to seek a shake-up at Amag Pharmaceuticals Inc., saying in a securities filing that the Massachusetts-based drugmaker’s stock is undervalued and suggesting board changes may be appropriate.
With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Faegre Baker. Here, Law360 recaps the ones you might have missed.
Holdings of hedge fund giant Carl Icahn argued in Delaware's Chancery Court on Friday that less restrictive tests should apply to investor document demands in support of proxy fights, as battling widens over the price Occidental Petroleum Corp. paid in its $55 billion purchase of Anadarko Petroleum Corp. last month.
In this week’s Taxation with Representation, home technology company Vivint Smart Home makes a $5.6 billion merger, Energy Transfer nabs SemGroup for $5.1 billion, and Danish drugmaker Lundbeck makes a $2 billion pharmaceutical deal.
Blackstone Real Estate Partners Europe said Friday it has agreed to buy and renovate five Greek hotel businesses from the Louis Group in a deal that carries an enterprise value of €178.6 million ($196.7 million).
McDermott International Inc. said Friday that it has received unsolicited takeover interest for its Lummus Technology business, which could be worth more than $2.5 billion in a deal, and the Houston-based engineering and construction company is mulling whether to sell the unit.
The last week has seen an investment banker sue his former Mishcon De Reya LLP lawyers following a failed lawsuit against Newcastle F.C.'s billionaire owner, a foreign exchange business drag the head of its Irish operations into court and an Enterprise insurance unit take action against its Greek brokerage arm. Here, Law360 looks at those and other new claims in the U.K.
As an early advocate of the American Bar Association's year-old well-being pledge, we launched an integrated program to create and sustain a supportive workplace culture with initiatives focused on raising mental health awareness, embracing creativity and giving back to the community, says Casey Ryan at Reed Smith.
The Committee on Foreign Investment in the United States' critical technologies pilot program has had relatively minor impact on the U.S. biotech industry in the last year, but proposed rules unleashed by the Foreign Investment Risk Review Modernization Act will soon reshape the relationship between the government and the biotech industry, says Richard Matheny of Goodwin.
Our firm drives a holistic concept of well-being through educational opportunities, such as a series of expert-led workshops intended to address mental health and substance abuse issues that we vowed to fight when we signed the American Bar Association's well-being pledge one year ago, says Krista Logelin at Morgan Lewis.
The Committee on Foreign Investment in the United States’ draft regulations implementing the Foreign Investment Risk Review Modernization Act seem to focus on specific national security concerns, as opposed to taking a broader approach, which means they are significantly more complex than the pre-FIRRMA regime, say Christian Davis and Thor Petersen of Akin Gump.
Signing the American Bar Association's well-being pledge last year was a natural progression of our firm's commitment to employee wellness, which has included developing partnerships with professionals in the mental health space to provide customized programming to firm attorneys and staff, say Annette Sciallo and Mark Goldberg at Latham.
One year ago, our firm signed the American Bar Association's well-being pledge and embraced a commitment to providing on-site behavioral health resources, which has since become a key aspect of our well-being program, say Meg Meserole and Kimberly Merkel at Akin Gump.
Proposed regulations released by the IRS last week would adversely affect many companies involved in M&A transactions and restructurings by substantially restricting their ability to use net operating losses and built-in gains after an ownership change, say attorneys at Paul Weiss.
After our firm signed the American Bar Association’s well-being pledge one year ago, we launched two key programs that included weekly meditation sessions and monthly on-site chair massages to help people address both the mental and physical aspects of working at a law firm, says Marci Eisenstein at Schiff Hardin.
Although the Federal Trade Commission determined Third Point inadvertently missed Hart-Scott-Rodino Act filings associated with its investments in newly merged DowDuPont, the FTC's enforcement action underscores the need for attention to compliance with the antitrust law, even when the trigger is another company's transaction, say attorneys at Arnold & Porter.
The early and prompt provision of samples from all electronically stored information sources as a part of ESI protocol search methodology is consistent with the Federal Rules of Civil Procedure and may allow for significant cost savings during discovery, says Zachary Caplan at Berger Montague.
Recent changes to the U.S. Securities and Exchange Commission staff's role as arbiter of shareholder proposals only add more complexity to the Rule 14a-8 process, which was already fraught with uncertainty for filers preparing to navigate the upcoming proxy season, say attorneys at Davis Polk.
In the absence of a federal rule governing deposition location, federal courts are frequently called on to resolve objections to out-of-state deposition notices. Recent decisions reveal what information is crucial to courts in making the determination, says Kevin O’Brien at Porter Wright.
Federal Rule of Civil Procedure 57 and its state counterparts provide a method for expediting claims for declaratory judgment that warrants closer attention than it has historically received from litigants and courts, say attorneys at Gibson Dunn.
My conservative, Catholic parents never skipped a beat when accepting that I was gay, and encouraged me to follow my dreams wherever they might lead. But I did not expect they would lead to the law, until I met an inspiring college professor, says James Holmes of Clyde & Co.
The Wayback Machine, which archives screenshots of websites at particular points in time, can be an invaluable tool in litigation, but attorneys need to follow a few simple steps early in the discovery process to increase the odds of being able to use materials obtained from the archive, says Timothy Freeman of Tanenbaum Keale.