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POLICY & REGULATION
LITIGATION
Data Tech Co. Sues To Confirm Exit From $2.35B Deal
By Jarek Rutz
The Delaware Chancery Court has been asked to resolve a looming contract dispute after a data analytics and technology company sued to confirm that it lawfully terminated a $2.35 billion acquisition of roofing software company ExactLogix Inc., blaming an unexpected and prolonged Federal Trade Commission investigation for derailing the deal.
Complaint attached |
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Nvidia Sued In Del. For US 'Tax' On Chip Deal With China
By Jeff Montgomery
Alleging possible company conflicts of interest and unlawful agreements involving the White House and Commerce Department, two NVIDIA Corp. stockholders sued the company late Wednesday for records involving company agreements to pay the U.S. Department of Commerce percentages of high-end graphics processing chip sales to buyers in China.
Complaint attached |
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DEALS
ENFORCEMENT
PEOPLE
EXPERT ANALYSIS
2 OFAC Sanctions Actions Highlight PE Compliance Risk
Recent Office of Foreign Assets Control enforcement actions against two private equity firms for facilitating sanctioned persons' access to the U.S. financial system underscore the need for nonbank financial institutions' compliance programs to consider the sanctions risk of their investors, including indirect dealings with blocked persons, say attorneys at Paul Weiss.
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LEGAL INDUSTRY
Roundup
Up Next At High Court: Fed Firing & Gun 'Vampire Rules'
By Katie Buehler
The Supreme Court will begin a short argument week Tuesday, during which the justices will consider President Donald Trump's authority to fire a Democratic Federal Reserve governor over allegations of mortgage fraud, as well as the ability for states to presumptively bar gun owners from carrying firearms onto private property open to the public unless the property owner explicitly allows it.
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Maurene Comey Fights DOJ Bid To Toss Firing Suit
By Emily Sawicki
Former Manhattan federal prosecutor Maurene Comey has urged a New York federal court to reject the U.S. Department of Justice's bid to dismiss her firing suit, arguing her claims belong before the district court and not under the jurisdiction of a non-independent board now controlled by the president.
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Law360's Legal Lions Of The Week
By Kevin Penton
Wachtell Lipton Rosen & Katz and Sher Tremonte LLP lead this week's edition of Law360 Legal Lions, after the Second Circuit upheld a ruling requiring Getty Images to pay out nearly $88 million to investors who said they were blocked from purchasing shares in the company once it became public.
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