News

Editor's Picks

Woman face with botox injectionin forehead area

The Careerist: Maybe You Need Botox

By Vivia Chen |

Time for another round of quirky, strange news.

German Deal Activity Yields Roles for Large Firms

By Brian Baxter |

After a big first quarter for U.S. M&A, increased transactional work out of Europe could be a boon for some top firms on the continent.

Cleary, Shearman on $1.6 Billion Ventilation Deal

By Tom Huddleston Jr. |

The Am Law 100 firms are advising on CPPIB's sale of an air distribution company to Johnson Controls.

Exclusive: Ex-SEC Lawyer Speaks Out on Agency Failings

By Susan Beck |

Senior writer Susan Beck interviews James Kidney about what he sees as the SEC’s misplaced priorities.

Dealmakers of the Year: Marc Weingarten and David Rosewater, Schulte Roth

By Chris Johnson |

As activist investors have grown into a force to be reckoned with, this pair has cornered a big share of their legal work.

BlackRock's Fink Plans to Keep Speaking Out on Governance

By Hilary Johnson |

BlackRock CEO Laurence Fink wrote in an annual letter to shareholders that he plans to continue to be a voice in discussions and debates about corporate governance issues.

A Sotheby's art auction in Milan, Italy.

Loeb Fires Back Sotheby's Board in Auction House Row

By Hilary Johnson |

Hedge fund activist Daniel Loeb has told the board of directors of Sotheby's that contrary to their views, he is exactly the man to advise them on how to run the venerable auction house.

Profit Pressure Prompting Firm Leaders to Swing Ax

By Julie Triedman |

Six Am Law 200 firms have now confirmed layoffs of staffers this year.

EU Set to Vote on High-Frequency Trading Restrictions

By Isobel Markham |

European Union lawmakers are set to approve some of the toughest restrictions on high-frequency trading, the Telegraph reports. These restrictions are part of a larger package of EU market reforms that will address commodity derivatives speculation and investor protection, among other issues.

FINRA Recruits Enough Arbitrators to Open Puerto Rico Bond Cases

By Isobel Markham |

The Financial Industry Regulatory Authority announced on its website Monday that it will lift the hold it had put on some cases related to collapses in Puerto Rico bond funds, Reuters reports.

The Churn

The Churn: Bingham Hedge Fund Duo Defects, Plus More Lateral Moves

By Brian Baxter |

Two prominent hedge fund partners and a privacy practice cochair have left Bingham McCutchen.

Clifford Chance, Weil Help Flip French Food Firm

By Brian Baxter |

The firms grab roles on private equity shop Ardian's $1.8 billion sale of the Diana Group to Germany's Symrise.

Lopsided Bond Market Raises Concerns for SEC

By Isobel Markham |

As some of the largest hedge fund firms continue to expand and double their investments in debt, Federal Reserve data shows that Wall Street banks are scaling back their involvement in bonds.

An employee is seen using a Motorola Track and Trace Scanner.

Am Law Trio on Motorola Unit Sale

By Tom Huddleston Jr. |

Kirkland, Wachtell and Winston & Strawn land roles on Zebra Technologies' purchase of a Motorola Solutions unit.

Report: SEC Inching Closer to Maker-Taker Crackdown

By Hilary Johnson |

The U.S. Securities and Exchange Commission may be a step closer to cracking down on the so-called maker-taker fee plans that have become prevalent on Wall Street.

Dealmakers of the Year: Christopher Cox, Cadwalader

By Chris Johnson |

Royalty Pharma's yearlong pursuit of drugmaker Élan may have been Ireland's nastiest corporate takeover battle ever.

The Las Bambas copper mine in Peru.

Global Quartet Dig Into $5.85 Billion Copper Mining Deal

By Brian Baxter |

Dentons, White & Case, Linklaters and Clifford Chance are advising on the sale of Peru's Las Bambas mining project.

Darden Hit With Shareholder Suit Over Bylaw Chages

By Hilary Johnson |

Darden Restaurants, which has been sparring with an activist hedge fund over a potential spinoff of its Red Lobster seafood restaurant chain, has been sued by a group of pension funds claiming that recent changes to the company's bylaws are hampering the ability of shareholders to vote on such a spinoff.

Walgreens Investors Push Europe Move as Tax Boon

By Hilary Johnson |

Some of Walgreens prominent shareholders are urging executives to move the company's headquarters to Europe in order to gain the benefits of a so-called tax inversion.

Skadden on Board for Endurance's Hostile Aspen Bid

The firm is advising Endurance Specialty Holdings on its $3.2 billion hostile bid for Aspen Insurance Holdings.

With Proxy Season in Full Swing, CEO Pay Gets Good Look

By Hilary Johnson |

Executive compensation is in the spotlight now that more companies have filed their latest proxy statements.

Harry Belafonte

Entertainment Matters: Belafonte Settles With King Heirs

By Tom Huddleston Jr. |

A suit over MLK memorabilia ends, Katherine Heigl taps Ballard Spahr and CBS stays in-house to lock in late night.

The Careerist: Are You Buying the Balanced Life Pitch?

By Vivia Chen |

Both law firms and I-banks want to show you how much they care. Watch out!

Private Equity Giants Tap Kirkland for Two Big Deals

By Brian Baxter |

The firm is advising Blackstone on its Ipreo Holdings buy and Madison Dearborn on its sale of Nuveen Investments.

FINRA and SEC Investigate Bond Trading

By Isobel Markham |

The Financial Industry Regulatory Authority has launched an inquiry into the trading profits of Wall Street firms in an attempt to beef up scrutiny of the bond markets, the Wall Street Journal reports. The self-regulator has also expanded its probe into the way new offerings are allotted to investors.

Imperva Shareholders Sue over False Statements

By Isobel Markham |

Shareholders in Imperva Inc, announced Friday that they have filed a class action against the data security solutions company for violations of the Securities Exchange Act of 1934, Business Wire reports.

Shareholder Sues over Microsoft Error

By Isobel Markham |

A shareholder in Microsoft Corp has filed a lawsuit against the software giant over the way it handled an error with its Internet Explorer browser, Reuters reports. The error led to a $731 million fine by European antitrust regulators.

FINRA Decision on UBS Gives Hope to Tainted Brokers

By Isobel Markham |

A decision earlier this month by a Financial Industry Regulatory Authority arbitration panel could be a good sign for Wall Street brokers whose reputations have been sullied by bad advice from their firms, Reuters reports.

Terrence Truax

Jenner Taps Litigator Truax as New Managing Partner

By Susan Beck |

Litigation partner Terrence Truax will succeed Susan Levy as Jenner & Block's managing partner.

Dealmakers of the Year: Carl Sanchez, Paul Hastings

By Tom Huddleston Jr. |

The key to Shuanghui International's successful pursuit of Smithfield Foods? Being willing to walk away.