A Delaware vice chancellor ordered Oxbow Carbon LLC to pay $60,000 in fees to minority investors who won an order compelling the sale of William Koch’s multibillion-dollar energy company and then sued for records on its payments to the founder's personal attorney at Mintz Levin Cohn Ferris Glovsky and Popeo PC.
The U.S. Trustee’s Office on Tuesday asked a New York bankruptcy court to deny cosmetics maker Glansaol Holdings Inc.’s request to pay up to $1.4 million in executive bonuses, saying there was no proof the goals are a stretch or that bonuses won’t be going to insiders.
North Carolina-based telecommunications tower provider TowerCo LLC on Tuesday unveiled a partnership with Peppertree Capital Management Inc., under which the private equity firm will pour in $300 million in new capital.
Nexi Group’s owners have reportedly tapped Evercore to counsel the company on potential plans to go public, Apollo Global Management is getting close to dropping more than $10 billion to buy Arconic, and SoftBank’s Vision Fund is expected to helm a $700 million funding round for Katerra.
Cloud data management company Rubrik on Tuesday said it pocketed $261 million in a Series E funding round that boosted the Palo Alto, California-based company’s value to $3.3 billion.
Security technology company Zix Corp. has agreed to buy cloud-based cybersecurity services provider AppRiver from private equity firm Marlin Equity Partners for $275 million in cash, the companies said Tuesday, in a deal steered by Baker Botts LLP, Kirkland & Ellis LLP and Simpson Thacher & Bartlett LLP.
In our latest roundup of deal makers on the move, Shearman & Sterling LLP adds some capital markets firepower in Houston, DLA Piper hires an M&A and private equity pro in Washington, D.C., and Latham & Watkins LLP beefs up its private equity practice with a pair of partners in New York.
Co-living brand Quarters' parent company, Medici Living Group, and private equity shop W5 Group have reached a deal to invest a combined $300 million over the next three years to develop 1,300 co-living units in the United States, the companies announced Tuesday.
Texas-based private equity firm Tritium Partners LP, advised by Weil Gotshal & Manges LLP, on Tuesday said its second buyout fund hit its final close with $465 million in committed capital, well above its $375 million target.
Etihad Airways reportedly plans to raise its stake in Indian carrier Jet Airways, Viacom is discussing a deal to sell off a majority stake in some of its operations in China and Saudi Aramco is likely to help fund its SABIC deal with a roughly $10 billion bond sale.
KKR Real Estate Finance Trust Inc. on Monday said it closed seven floating-rate senior loans in New York, Florida, California and Pennsylvania in the fourth quarter of 2018 that amount to a combined $908 million, bringing its year-end total to $2.7 billion.
New Fortress Energy LLC, a gas-to-power business affiliated with private equity firm Fortress Investment Group LLC, moved forward on an initial public offering Monday despite the government shutdown, setting a price range on an estimated $400 million IPO.
A compounding pharmacy and its private equity fund owner blasted the government’s objections to a Florida federal magistrate judge’s recommendation to cut a False Claims Act allegation from litigation over their purported $70 million kickback scheme, arguing Friday that the suit doesn’t show they made false certifications to Tricare.
Private equity-backed luxury skincare brand Elemis has agreed to be acquired by high-end cosmetics company L'Occitane International SA in a deal worth $900 million, the companies said Monday, in a deal guided by Kirkland & Ellis LLP and Skadden Arps Slate Meagher & Flom LLP.
Coller Capital announced Monday it will underwrite a $1 billion fund consisting of assets from the portfolio of Bahrain-based investment adviser Investcorp, with O’Melveny & Myers LLP steering the private equity secondary market investor.
Churchill Capital Corp. and private equity-backed Clarivate Analytics have agreed to merge and create a single company with an enterprise value of about $4.2 billion that will be publicly listed, in a deal guided by Blank Rome LLP, Paul Weiss Rifkind Wharton & Garrison LLP, Latham & Watkins LLP and Ropes & Gray LLP.
Law360's top four Firms of the Year notched a combined 32 Practice Group of the Year awards after successfully securing wins in bet-the-company matters and closing high-profile, big-ticket deals for clients throughout 2018.
Law360 congratulates the winners of its 2018 Practice Group of the Year awards, which honor the law firms behind the litigation wins and major deals that resonated throughout the legal industry in the past year.
A Louisville Bedding Co. shareholder class won Chancery Court approval Friday for a $2.1 million settlement of claims that a management-led group took remnants of the business private for an unfair price after first amassing millions in cash through the sale of most company assets.
Excitement for stock sales and acquisitions was somewhat restrained at this year’s JPMorgan’s health care conference, according to several attorneys who attended the event in San Francisco that concluded Thursday, given uncertainties caused by market volatility and the government shutdown.
Alternative fee agreements can help align law firm and client interests, increase efficiency and eliminate corporate extortion, among other benefits. They are the best thing to happen to the practice of law in decades, says Kelly Eisenlohr-Moul at Dinsmore & Shohl LLP.
The global emerging-markets private equity community is abuzz with the prospect of a new U.S. development funding institution coming on the scene this year that is expected to increase competition among existing funding institutions and spur first-time investment, especially in Africa, say Thomas Trimble and John Bryant of Winston & Strawn LLP.
Can lawyers lead a revolution? According to "The Clamor of Lawyers: The American Revolution and Crisis in the Legal Profession" — a slim but elegant volume by Peter Charles Hoffer and Williamjames Hull Hoffer — they can and they did, says First Circuit Judge David Barron.
President Donald Trump’s approach to crisis communications has changed the game enough to demand companies' consideration of a whole new set of options. John Hellerman of Hellerman Communications and Bill Pittard of KaiserDillon PLLC discuss whether corporations can successfully use similar tactics.
The Delaware Court of Chancery recently held that language in an agreement requiring minority stockholders to waive appraisal rights was enforceable. Though the case is already on appeal, practitioners should make sure agreements with drag-along rights include unambiguous waiver provisions whenever possible, say attorneys at Goodwin Procter LLP.
Lawyer-directed nonrecourse litigation funding is more likely to protect a lawyer's exercise of independent professional judgment than traditional means of litigation finance, and furthermore enables worthwhile cases that otherwise could not be funded, say Peter Jarvis and Trisha Thompson of Holland & Knight LLP.
Judged purely by enforcement statistics, 2018 was a down year for cartel enforcement. But authorities are training their sights on new sectors, theories and targets, and considering additional ways to further sharpen their enforcement stick and sweeten the leniency pot, say John Terzaken and Elizabeth French of Simpson Thacher & Bartlett LLP.
Contrary to what the New York City Bar Association concluded in an ethics opinion last year, lawyer-directed nonrecourse commercial litigation funding does not violate New York rules on sharing fees with nonlawyers, say Peter Jarvis and Trisha Thompson of Holland & Knight LLP.
Law firms should redesign the vetting process for lateral candidates so it directly addresses sexual harassment and assault issues, says Howard Rosenberg of Decipher.
In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Sadie Baron, chief marketing officer at Reed Smith LLP.