HBO Max subscribers slapped Netflix with one of the first proposed class actions seeking to halt the streaming behemoth's $82.7 billion plan to buy Warner Bros.' studio and streaming business, calling the deal "one of the more audacious horizontal mergers in recent memory."
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TOP NEWS

HBO Max Subscribers Sue To Stop Netflix-Warner Bros. Deal

By Nadia Dreid

HBO Max subscribers slapped Netflix with one of the first proposed class actions seeking to halt the streaming behemoth's $82.7 billion plan to buy Warner Bros.' studio and streaming business, calling the deal "one of the more audacious horizontal mergers in recent memory."

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Lloyds Bank Covers £4.8B Pension Liabilities With Rothesay

By Joel Poultney

The trustee of three Lloyds Banking Group pension schemes on Tuesday announced it had penned policies worth £4.8 billion ($6.4 billion) with insurer Rothesay to protect the schemes from costs linked to unexpected increases in member life expectancy.

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Swiss Outsourcer To Buy Malaysia Unit For $60M

By Tom Fish

DKSH Holding Ltd. launched a bid on Tuesday to take full control of its Malaysian subsidiary for 48.7 million Swiss francs ($60.4 million) in cash as the Swiss outsourcing giant seeks to streamline its corporate structure.

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DEALS

Venture Life Sells Non-Core Oral Care Assets For £4.5M

By Tom Fish

Venture Life Group PLC said Tuesday it has sold two oral-hygiene brands to rival Covestus Holdings Ltd. for up to £4.5 million ($6 million), as the consumer self-care company shifts its focus to higher-margin healthcare products.

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Miner Pensana Raises $103M For US Rare Earth Supply Chain

By Dawood Fakhir

Mining company Pensana said Tuesday that it has raised $103 million, including $100 million from an undisclosed investor, to boost its plans of forming a self-sufficient supply chain for critical magnetic materials in the U.S.

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Brief

Claims Prevention Biz Raises £2.38M To Expand In US

By Dawood Fakhir

Ondo InsurTech PLC said Tuesday that it has raised gross proceeds of approximately £2.38 million ($3.17 million) to accelerate its expansion in the U.S. in an equity offering launched earlier in December.

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POLICY & REGULATION

More FTSE 350 Companies Adopt Flexible Capital Guidance

By Joel Poultney

Britain's accounting watchdog said Tuesday that a growing number of listed companies in the U.K. are using updated guidance to raise capital more quickly.

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UK Watchdog Targets Pension Barriers In Private Markets

By Martin Croucher

The Pensions Regulator has said it will launch an investigation into why Britain's largest retirement funds are delaying investment in private markets as part of a push to spur the £3 trillion ($4 trillion) sector to plow more cash into the economy.

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EXPERT ANALYSIS

Navigating Legal Privilege Issues When Using AI

The recent explosion in artificial intelligence has led to prompts and AI outputs that may be susceptible to disclosure in proceedings, and it is important to apply familiar principles to assess whether legal privilege may apply to these interactions, say lawyers at HSF.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Bathaee Dunne

Dechert LLP

Dentons

HSF Kramer

Willkie Farr

COMPANIES IN TODAY'S NEWS

ABG Sundal Collier Inc.

Air India Ltd.

Amazon.com Inc.

British Broadcasting Corp.

Bursa Malaysia Bhd.

DKSH Holding AG

Eurasian Natural Resources Corp. PLC

Farm Family Holdings Inc.

HBOS PLC

Home Box Office Inc.

Hulu LLC

Indiana Farm Bureau Inc.

Investments Ltd.

Lloyds Bank PLC

Lloyds Banking Group PLC

London Stock Exchange Group PLC

Nasdaq Inc.

Netflix Inc.

Prudential Financial Inc.

Skydance Media LLC

The Royal Bank of Scotland Group PLC

Warner Bros. Entertainment Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Financial Reporting Council

Serious Fraud Office

U.S. Department of Justice

U.S. District Court for the Northern District of California

UK Pensions Regulator