News

Editor's Picks

Kirkland Woos Simpson Dealmaker to Open Houston Outpost

By Tom Huddleston Jr. |

K&E enters Space City by landing a young dealmaker with private equity ties.

Half-Dozen Firms Dig Into Big Canadian Mining Deal

By Brian Baxter |

Amid talk about a pharma M&A boom, the global mining industry is on the verge of its own round of consolidation.

Magic Circle Guides Permira's German Chemicals Purchase

By Brian Baxter |

Clifford Chance, Freshfields handle Permira's $1 billion buy of CABB International.

Where Bharara Looks When Investigating Big Banks

By Julie Triedman |

In pursuing inquiries into possible misdeeds by the nation's largest financial institutions, U.S. Attorney Preet Bharara and his team focus on a few specific areas.

Preet Bharara

How This Wall Street Watchdog is Making Big Banks Pay

By Julie Triedman |

Manhattan U.S. Attorney Preet Bharara deploys civil laws in new ways to secure record settlements from the nation's biggest banks over the subprime mortgage debacle.

A Guilty Plea in a Cold Chicago Case

By Ross Todd |

Did Windy City cops go easy on the mayor's nephew? Winston & Strawn's Dan Webb led the investigation.

The Churn

The Churn: Gibson Lands Ropes SF Head, Plus More Lateral Moves

By Tom Huddleston Jr. |

Among those switching firms in our latest roundup: a new cochair for Gibson Dunn’s life sciences practice.

M&A Lawyers Line Up for Major Pharma Deals

By Tom Huddleston Jr. |

Valeant launched a $45.7 billion hostile takeover bid for Botox-maker Allergan, while Novartis announced a series of transactions with GlaxoSmithKline and Eli Lilly.

EU Bids to Boost Corporate Disclosure on Social Issues

By Hilary Johnson |

The European Union voted recently to compel companies doing business on the continent to disclose information related to their social and environmental policies.

Luis Aguilar

SEC's Aguilar Calls for More Accountability in Governance

By Hilary Johnson |

Accountability, transparency, and engagement are the principles that should drive corporate governance and inform executive compensation policy, U.S. Securities and Exchange commissioner Luis Aguilar told a law school audience Monday.

The Careerist: Only Women and Wimps Work Part-Time

By Vivia Chen |

What the latest Yale Law Women's report on law firms really tells us.

Chen Decision a Roadmap for Delaware Boards

By Hilary Johnson |

The Delaware Court of Chancery recently provided boards of directors with valuable lessons on how to effectively conduct and document a merger, according to a pair of Gibson Dunn M&A partners.

KKR's Bid to Acquire Affiliate Hits Opposition

By Isobel Markham |

A plan by private equity firm Kohlberg Kravis Roberts to acquire KKR Financial Holdings has run into opposition, the New York Times reports.

Court Case Could Clarify Definition for Insider Trading

By Isobel Markham |

A case due to be heard in a federal appeals court on Tuesday could go a long way toward defining what exactly constitutes insider trading, potentially calling into question some of the most high-profile convictions won by prosecutors in their long-fought battle against the financial crime, the Wall Street Journal reports.

Providence Sues Host of Firms for High-Frequency Trading

By Isobel Markham |

The city of Providence, Rhode Island, has sued dozens of exchanges, brokerages and traders—including Bank of America Corp and the New York Stock Exchange—over high-frequency trading, claiming they rigged the securities markets to divert billions of dollars away from buyers and sellers of shares, Bloomberg reports.

Amid IPO Wave, Firms Ride Rising Fee Tide

By Brian Baxter |

The Am Law Daily looks at Am Law 100 firms reaping fees for new listings, which have soared in recent years.

Dealmakers of the Year: Patrick Dooley, Akin Gump

By Tom Huddleston Jr. |

What Dooley did in becoming the first lawyer to test a new Delaware statute that allows contested takeovers to close more quickly.

The Careerist: Wachtell Lipton Is Family Friendly?

By Vivia Chen |

The ultimate high-intensity firm is also sensitive to personal needs?

Prosecution Says Dewey Trial Could Last Several Months

By Christine Simmons |

If and when the criminal case against three former Dewey & LeBoeuf leaders and a low-level firm employee, former partner John Altorelli is among those likely to be called as a prosecution witness.

Debevoise, Greenberg Handle $1 Billion Chemicals Deal

By Tom Huddleston Jr. |

Chemtura Corporation has agreed to sell its agrochemicals unit to Platform Specialty Products Corporation.

New Test for Poison Pill in Loeb's Sotheby's Fight

By Hilary Johnson |

The so-called poison pill shareholder defense, which courts have repeatedly reaffirmed over the last 30 years, is approaching a critical juncture.

Is Say-on-Pay Yesterday's News?

By Hilary Johnson |

In a possible signal that interest in executive compensation issues is flagging, just four companies report that their shareholders have rejected executive compensation plans so far this year.

GAO Report Cites Lapses in SEC Cybersecurity

By Isobel Markham |

Two days after the Securities and Exchange Commission posted a detailed checklist on its website of cybersecurity protections that it expects firms to provide, the Government Accountability Office issued a report faulting the SEC for its own lax cybersecurity, the Wall Street Journal reports.

Sanctions Against Russia Could Hurt U.S. Funds

By Isobel Markham |

U.S. fund managers have warned shareholders this month that they could face risks from current or future Western sanctions against Russia, Reuters reports.

SEC Mulls Trading Disclosure Requirements for Brokers

By Isobel Markham |

The Securities and Exchange Commission is considering a new proposal that would require brokers to tell their investors exactly where their stock trades are executed, Bloomberg reports.

Dealmakers of the Year: Steven Rosenblum, Wachtell

By Tom Huddleston Jr. |

Activist investors, rival bids, and a high-profile founder: The buyout of a once-prosperous computer maker was 2013's corporate soap opera.

Report: Virtu IPO Delayed Amid High-Speed Trading Storm

By Hilary Johnson |

High-frequency trading firm Virtu Financial has reportedly delayed its planned initial public offering as controversy continues to swirl around the broader high-speed trading industry.

Ex-BP Supervisor Settles Deepwater-Tied Trading Charges

By Hilary Johnson |

A long-time BP employee who helped lead the company's initial response to the 2010 Deepwater Horizon oil spill has settled insider-trading charges brought by the U.S. Securities and Exchange Commission.

SEC Shuts Down Alleged VoIP-Based Ponzi Scheme

By Hilary Johnson |

The U.S. Securities and Exchange Commission has halted another alleged pyramid scheme, this one targeting Brazilian and Dominican immigrants in the Boston area with VoIP service packaged into "memberships."