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Counsel for BofA Rejects “Basic Premise” of NY AG Claim
BofA’s counsel responds quickly to assertions made by NY AG.
Huntsman Settles Interference Claims for $632 Million Cash, $1.1 Billion in Debt
Huntsman Corporation announced today that it has reached an agreement with Credit Suisse and Deutsche Bank to settle Huntsman’s claims and end the ongoing trial against them in Texas state court for over $1.7 billion. Huntsman alleged that the two banks improperly interfered with its terminated merger agreements with Basell and Hexion Specialty Chemicals, Inc. [...]
Archived Version and Presentation Materials Available Here for May 27 Webcast — “Calling off an M&A Deal: Legal and Damage Ramifications”
The archived version of today’s webcast (“Calling off an M&A Deal: Legal and Damage Ramifications)” and the presentation materials are now available here.
Today’s Webcast (May 27): Materials Available Here for “Calling off an M&A Deal: Legal and Damage Ramifications”
The presentation materials for today’s webcast (2 pm Eastern) entitled “Calling off an M&A Deal: Legal and Damage Ramifications” are now available here. Please visit the link below to download the presentation. Materials: “Calling off an M&A Deal: Legal and Damage Ramifications”
May 27 Webcast — Calling off an M&A Deal: Legal and Damage Ramifications
In the current economic climate of declining revenue, falling profits, and disappearing credit, the parties to many merger and acquisition agreements are not consummating the deal. This webcast will address issues that Buyers, Sellers, and Lenders face in transaction termination scenarios. The webcast will cover essential legal considerations relating to merger and acquisition contract terms, [...]
May 27 Webcast — Calling off an M&A Deal: Legal and Damage Ramifications
In the current economic climate of declining revenue, falling profits, and disappearing credit, the parties to many merger and acquisition agreements are not consummating the deal. This webcast will address issues that Buyers, Sellers, and Lenders face in transaction termination scenarios. The webcast will cover essential legal considerations relating to merger and acquisition contract terms, [...]
Shareholders File Class Action Against Bank of America Alleging Failure to Disclose Huge Merrill Lynch Losses
Shareholders of Bank of America filed a securities class action against the bank yesterday alleging that it failed to disclose about $15.3 billion in losses sustained by Merrill Lynch & Co. before the shareholder vote on its acquisition. Bloomberg reports that the Dec. 5 vote on whether to buy the bank “was based on an [...]
Israel: Securities Class Action Filed Against Gilat in Jerusalem District Court
Gilat Satellite Networks Ltd. (GILT) has been sued in a securities class action in the Jerusalem District Court. Gilat announced on October 16 that the respondents named in the suit are the company, all its directors and York Capital Management LLC, which owns 20% of the company. According to Gilat, the company and its outside [...]
Video: Temporary Cease Fire in Wachovia Legal Battle
Jonathan Glater glows in the New York Times (here) about the complex legal wranglings that are now briefly on hold in the Citigroup, Wells Fargo and Wachovia “legal hate triangle.” He says the action has been “screenplay-worthy” and that “The tense and intense maneuvering makes clear why New York’s top legal talent gets paid so [...]
Shareholder Lawsuit to be Filed Today Over B of A-Merrill Deal Terms
Wolf Haldenstein Adler Freeman & Herz announced that a shareholder lawsuit seeking class action status will be filed today over the proposed buyout of Merrill Lynch & Co. Inc (MER). According to a report by Reuters, the lawsuit, to be filed in New York State Supreme Court, claims that the terms of the $50 [...]