Major League Baseball owners unanimously approved the sale of the Kansas City Royals by owner David Glass to a new ownership group led by energy businessman John Sherman during the annual owners meetings in Arlington, Texas, commissioner Rob Manfred said Thursday.
Britain's antitrust watchdog on Thursday said it is looking into whether toy and board game giant Hasbro Inc.'s proposed $4 billion takeover of Canada's film and TV studio Entertainment One Ltd. would threaten competition in the U.K. or in the global market.
A New York federal judge on Thursday shot down a bid by the U.S. Department of Justice to intervene in several states' effort to block Sprint and T-Mobile's planned merger, saying that it was "inexcusable" that the attempt to disqualify the states' lead counsel at Munger Tolles & Olson was filed so late.
Betting giant William Hill PLC has announced that it intends to buy the sportsbook assets from CG Technology, one of the largest bookmakers in Nevada.
Shipping company Seaspan Corp. said Thursday it has acquired mobile gas turbine lessor APR Energy in an all-stock deal worth $750 million including debt.
A private equity firm is hoping to usurp the previously announced deal for Hudson’s Bay worth about $1.4 billion, Charles Schwab could pay $25 billion to buy smaller rival TD Ameritrade, and DoorDash is considering a direct listing instead of an IPO. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.
Canned seafood producer Bumble Bee Foods LLC hit Chapter 11 Thursday afternoon in Delaware with a deal to sell its assets for $925 million and blaming its financial troubles on the fallout from a price-fixing scheme that led to criminal fines and civil lawsuits.
Americold Realty Trust, a REIT focused on temperature-controlled warehouses, said Thursday it has agreed to acquire the Canadian warehouse operator Nova Cold Logistics from Brookfield Business Partners in a deal worth CA$337 million ($253 million).
Xerox said Thursday that it will bring its $33 billion takeover offer for HP directly to shareholders next week if HP doesn’t agree to terms that will allow both companies to complete thorough due diligence.
Prosus on Wednesday urged shareholders of fellow food delivery service Just Eat to support its £4.85 billion ($6.2 billion) offer and reject a planned all-stock sale to Takeaway.com, contending its interloping bid is less risky and that it will be more invested in Just Eat's future.
Arizona-based cannabis giant Harvest Health & Recreation said Wednesday that it has walked away from a $225 million financing deal and scaled back plans to acquire cannabis licenses in several states.
A lender to insolvent retail chain Avenue Stores Inc. told a Delaware court Wednesday the company's bankruptcy case should be converted to a Chapter 7, saying the move would expose what it said were baseless claims against it by Avenue Stores' unsecured creditors.
The Third Circuit on Wednesday rejected the Federal Communications Commission’s request to rehear a court order requiring the agency to rework some of its media ownership rules.
PayPal, advised by Skadden, said Wednesday it will shell out roughly $4 billion to snap up Latham & Watkins-led Honey, a technology platform for aggregating and applying online coupons.
Pension funds represented by Robbins Geller Rudman & Dowd LLP and the Kendall Law Group PLLC fought back Tuesday in New York federal court against a motion to reassess their appointment as lead plaintiffs in a case alleging that ATM manufacturer Diebold Nixdorf Inc. misrepresented to shareholders the success of its acquisition of a German competitor.
NBC Sports Group said Wednesday it has acquired EZLinks Golf, an affiliate of Skadden-led PGA Tour that provides operations and marketing software and services to the golf industry.
Sprint and T-Mobile told a New York federal court that they share the Justice Department's concerns about Munger Tolles & Olson LLP representing the contingent of states suing to block their merger, but asked that the trial not be postponed even if the firm gets disqualified.
Door part manufacturer Steves and Sons Inc. has secured an additional $7 million in damages against industry supplier Jeld-Wen Inc. for overcharges Steves said it was forced to pay Jeld-Wen despite last year's $185 million antitrust verdict against the supplier.
Hologic detailed plans Wednesday to sell its "underperforming" medical aesthetics company Cynosure for $205 million to private equity firm Clayton Dubilier & Rice, in a deal steered by Wachtell and Debevoise.
Pembina Pipeline Corp. and Kinder Morgan Inc. said Wednesday that Canadian antitrust regulators have cleared Pembina's proposed CA$4.35 billion ($3.28 billion) purchase of Kinder Morgan Canada and part of Kinder Morgan's Cochin pipeline, bringing the deal one step closer to completion.
Flower and gift retailer FTD Cos. Inc. is asking a Delaware bankruptcy court to approve a settlement with the federal Pension Benefit Guaranty Corp. to resolve nearly $1.8 million in alleged retirement benefits liability.
A pair of blank check companies began trading Wednesday after raising a combined $230 million in initial public offerings steered by Ellenoff Grossman & Schole LLP.
Private equity firm Clayton Dubilier & Rice LLC was excused from a proposed shareholder class action accusing Envision Healthcare Corp. of lying about its billing practices Tuesday after a Tennessee federal judge found that there was not enough evidence against CD&R.
Label and packaging solutions company Avery Dennison Corp. has agreed to buy the radio frequency identification transponder business of private equity-backed Dutch firm Smartrac NV for €225 million ($248.9 million), the companies said Wednesday.
Multiple conflicts, disclosure failures and alleged voter coercion undercut security software company Intersections Inc.'s claims that business judgment deference justifies dismissal of a suit challenging a $3.86 per share, go-private merger in 2018, an attorney for public stockholders told a Delaware vice chancellor Tuesday.
Recently proposed rule amendments from the U.S. Securities and Exchange Commission could overhaul the proxy process by making it harder for proxy advisory firms to issue voting recommendations, and by changing the requirements for shareholders submitting proposals, say attorneys at V&E.
If passed, Sen. Elizabeth Warren's private equity reform bill would protect companies being purchased by private equity, but impose significant restrictions on funds by eliminating the liability shield and favorable tax treatment they currently enjoy, say Jon Brose and Kevin Neubauer at Seward & Kissel.
Although lateral partner hiring is the preferred method of inorganic growth among law firms, the traditional approach to vetting does not employ sufficient due diligence by the hiring firm, says Michael Ellenhorn at executive search firm Decipher Competitive Intelligence.
Recently announced U.S. tariffs against a range of European products are just the latest negative consequence of a 15-year trade dispute centering on subsidies to Boeing and Airbus — a conflict that has proven disastrous for all involved, says Alan Hoffman, a retired attorney and private pilot.
As Texas and other states review their judicial election processes, they would be well served by taking guidance from Massachusetts' Governor’s Council system, which protects the judiciary from the hazards of campaigning, says Richard Baker of New England Intellectual Property.
Reading Jeffrey Rosen’s "Conversations With RBG: Ruth Bader Ginsburg on Life, Love, Liberty, and Law" is like eavesdropping on the author and his subject while they discuss how the restrained judicial minimalist became the fiery leader of the opposition, says Ninth Circuit Judge M. Margaret McKeown.
Transactional attorneys should consider consulting with litigation counsel when drafting certain contractual provisions — choice of law, choice of forum, attorney fees and others — that could come into play in a broad range of substantive disputes, says Adrienne Koch at Katsky Korins.
This month's New York tax news features President Donald Trump — who seeks to change his tax domicile to Florida and continues lawsuits to prevent disclosure of his state tax returns — and a dismissal of the state's lawsuit challenging the federal cap on state and local tax deductions, say Timothy Noonan and Craig Reilly of Hodgson Russ.
The plaintiffs in two recent federal appellate M&A cases did not successfully import so-called pure omission claims from Delaware fiduciary duty law into Section 14 of the Securities Exchange Act, but plaintiffs will likely keep trying to expand federal securities law on this premise, say Matthew Kilby and Rory Collins at FaegreBD.
At its Nov. 5 meeting on proxy process, the U.S. Securities and Exchange Commission should clearly allow investors to vote with management when prudent to do so; hold those actively voting their shares to a stricter standard; and require greater transparency of proxy advisers, says law professor J.W. Verret of George Mason University Law School.
Replacing hourly billing with flat-fee arrangements, especially for appellate work, will leave attorneys feeling free to spend as much time as necessary to produce their highest quality work, says Lawrence Ebner of Capital Appellate Advocacy.
Although the Federal Rules of Civil Procedure were amended to provide a uniform standard of culpability for spoliation, cases with similar facts are still reaching differing results because the rule does not specify how a court should evaluate a party's intent, say attorneys at Pepper Hamilton.
The California Consumer Privacy Act and other state data privacy laws have not only motivated companies to rethink how they manage consumer data — they also have many organizations thinking more than ever about cyber insurance coverage, says Rich Ehisen of State Net Capitol Journal.
A Delaware federal court's recent decision not to award attorney fees in Scott v. DST Systems is an important win for shareholders, but halting abusive fee hunting in securities litigation should be a priority for Congress and the U.S. Securities and Exchange Commission, says former SEC Commissioner Paul Atkins, CEO of Patomak Global Partners.
Requests for proposals, the standard tool of companies evaluating law firms, are becoming better suited to the legal industry, says Matthew Prinn of RFP Advisory Group.