Serta's Controversial Debt Deal Reversed By Appeals Court (2)
Dec 31, 2024 · Apollo Global Management Inc. and other financial heavyweights that were excluded from an “uptier” debt transaction between Serta Simmons Bedding LLC and competing lenders won an appeals court battle to overturn the deal. The opinion is a significant development in a controversial debt liability management deal that shifted repayment priority among Serta’s lenders and was a central issue ...
Ex-Big Law Chair Teaches Students the Legal Business (Podcast)
Jan 2, 2025 · New attorneys often leave law school with knowledge of how the legal system works, but they typically don’t know much about the business side of being a lawyer. A former law firm chair is now teaching law students about the business of law.
Jackson Walker Attorney's Dinner Revived Romance Ethics Crisis
4 days ago · Jackson Walker LLP litigation partner W. Ross Forbes was having dinner with a friend at Moxies restaurant in Dallas on Jan. 31, 2022, when he became the unsuspecting recipient of bombshell information—one of his colleagues was secretly living with a …
Trump's Next SEC Faces Hurdles Saving Contested Proxy Firm Curbs
Jan 3, 2025 · Mixed Messages. In the business groups’ legal challenges to Gensler’s reversal, the US courts of appeal for the Fifth and Sixth circuits reached different conclusions in recent rulings, leading to disagreement about the proxy firm rules’ status.
Telescope Makers' Antitrust Settlement Gets Preliminary Approval
Nov 5, 2024 · Celestron Acquisition LLC and its Taiwanese parent Synta Technology Corp. are among a group of telescope manufacturers that received preliminary approval for a $32 million deal to resolve price-fixing allegations.
Musk Defends $500 Million Twitter Severance Suit Win on Appeal
Jan 10, 2025 · Elon Musk and X Corp. urged the Ninth Circuit to reject an appeal by laid-off Twitter Inc. employees, saying their case failed because the social media platform didn’t offer a severance plan governed by ERISA.. The workers haven’t identified any plan documents shared with Twitter employees or other communications that could establish the existence of a benefit plan governed by the Employee ...
Herbert Smith Freehills, Kramer Levin Announce Merger Plans (2)
Nov 11, 2024 · Herbert Smith Freehills and Kramer Levin plan to merge to create one of the 20 largest law firms in the world with more than $2 billion in revenue, the firms said in a statement.
Apple's Top Lawyer Weathers Legal Battles for Another Big Payday
5 days ago · Apple Inc. disclosed in a securities filing that its general counsel Katherine “Kate” Adams earned almost $27.2 million in total compensation last year. The proxy statement filed Jan. 10 by the consumer electronics giant shows that Adams remains one of the highest-paid legal executives in corporate America.. Separate securities filings by Apple show that Adams, hired in 2017, has sold off ...
Dead Russian Billionaire Amplifies Sanctions Debate in US Courts
Jan 7, 2025 · Practical Considerations. In other cases with a sanctions bent, the judges have largely sought to keep the money in the US. “It’s still appropriate to recognize Russian bankruptcy proceedings, but the recognition ‘must be limited so as not to be ‘manifestly contrary to the public policy of the United States,’” Bason, the California bankruptcy judge, wrote in his May 14 opinion.
Federal Workers Need Annual Approval to Telework Under GOP Bill
4 days ago · Federal office workers would need written permission each year to work from home part-time under a bill announced Tuesday by a key Senate Republican.