M & A Law Prof Blogtag:typepad.com,2003:weblog-12849542012-01-27T14:45:50-05:00A Member of the Law Professor Blogs NetworkTypePadMALawProfBloghttp://feedburner.google.comSubscribe with My Yahoo!Subscribe with NewsGatorSubscribe with My AOLSubscribe with BloglinesSubscribe with NetvibesSubscribe with GoogleSubscribe with PageflakesChanges in the shareholder litigation landscapetag:typepad.com,2003:post-6a00d8341bfae553ef0163003c20c3970d2012-01-27T14:45:50-05:002012-01-27T14:45:50-05:00Boris Feldman at Wilson Sonsini points out in a short paper that the bipolar world of shareholder litigation with familiar players and strategies has changed beneth our feet: Those patterns have been disrupted and perhaps discarded in recent years. The...CorporateAcquisitions MergerLawBloggerWill M&A Heat Up in 2012?tag:typepad.com,2003:post-6a00d8341bfae553ef0168e624d56d970c2012-01-26T18:24:47-05:002012-01-26T18:24:47-05:00Practical Law Company held a nicely done webinar today reviewing the major Public M&A trends in 2011. As most M&A experts know, deal activity was down the second half of 2011. Nevertheless, experts appear hopeful that there will be some...CorporateAcquisitions MergerLawBloggerCall for Papers: National Business Law Scholars Conferencetag:typepad.com,2003:post-6a00d8341bfae553ef0163001701cf970d2012-01-25T06:03:53-05:002012-01-25T06:03:53-05:00From the conference organizers: The National Business Law Scholars Conference (NBLSC), formerly known as the Midwest Corporate Legal Scholars Conference, will be held on Wednesday, June 27th and Thursday, June 28th at University of Cincinnati College of Law in Cincinnati,...CorporateAcquisitions MergerLawBloggerCall for Papers: Section on Law and South Asian Studiestag:typepad.com,2003:post-6a00d8341bfae553ef0168e60a07f7970c2012-01-24T23:52:08-05:002012-01-24T23:52:08-05:00The Section on Law and South Asian Studies has issued the following call for papers on Legal Education and Legal Reform in South Asia for the AALS' 2013 Annual Meeting in New Orleans: The Section on Law and South Asian...CorporateAcquisitions MergerLawBloggerAntitrust turnovertag:typepad.com,2003:post-6a00d8341bfae553ef0168e5ffa73f970c2012-01-24T07:15:08-05:002012-01-24T07:23:16-05:00I suppose the DOJ's new more active approach is more taxing on its chief. That might be why, as the division's head according to various news reports, the DOJ's Antitrust Division is looking forward to new leadership as Sharis Pozen...CorporateAcquisitions MergerLawBloggerCorporate governance overreach by Carlyle?tag:typepad.com,2003:post-6a00d8341bfae553ef0162ffce18d5970d2012-01-19T03:49:00-05:002012-01-18T19:15:31-05:00The Deal Prof looks at The Carlyle Group's proposed IPO and figures it's a corporate governance dud. I agree. Carlyle's Amended and Restated Limited Partnership Agreement (Appendix A to the S-1A) has a dispute resolution provision that is reprinted in...CorporateAcquisitions MergerLawBloggerGalleon 2.0: Watch it livetag:typepad.com,2003:post-6a00d8341bfae553ef0168e5c10923970c2012-01-18T12:50:58-05:002012-01-18T22:29:22-05:00You can watch Preet Bharara's press conference announcing the Galleon 2.0 insider trading arrests here (1:00pm, ET): "A circle of friends who formed a lucrative club...to make $62 million in profits ..." That's as big as Galleon. That made all...CorporateAcquisitions MergerLawBloggerKodak and AMR can breathe easytag:typepad.com,2003:post-6a00d8341bfae553ef0162ffb93204970d2012-01-17T11:51:00-05:002012-01-17T11:51:00-05:00For now at least, they won't have to worry about Allen Weintraub trying to engineer an acquisition of their respective companies. Allen Weintraub? What? You don't remember him? He caused a minor stir last year when he faxed in unsolicited...CorporateAcquisitions MergerLawBloggerOlympus shareholder suit filedtag:typepad.com,2003:post-6a00d8341bfae553ef0162ffb90baa970d2012-01-17T07:42:13-05:002012-01-17T07:42:13-05:00According to Reuters, an Olympus shareholder has now sued the board for "damaging trust" due to the accounting scandal there. Of course, the board has already filed suit against itself, so I wonder where this suit stands. I'm no expert...CorporateAcquisitions MergerLawBloggerHedge funds, M&A, and private informationtag:typepad.com,2003:post-6a00d8341bfae553ef0168e5aeb21f970c2012-01-17T07:34:14-05:002012-01-17T07:34:14-05:00In their new paper, Hedge Funds in M&A Deals, Dai, et al find evidence "consistent with informed abnormal short selling" by hedge funds prior to M&A announcements. The authors observe larger stakes where there is evidence of private information. I'm...CorporateAcquisitions MergerLawBloggerDavidoff on Airgastag:typepad.com,2003:post-6a00d8341bfae553ef0162ff73e45e970d2012-01-12T10:28:10-05:002012-01-12T10:28:01-05:00Steven Davidoff has just posted a nice case study of the Airgas decision forthcoming in the Columbia Business Law Review. Steven had a front-row view of the Airgas hostile offer and subsequent litigation. (Google Deal Prof and Airgas if you...CorporateAcquisitions MergerLawBloggerRepresentative plaintiff sanctioned for improper tradingtag:typepad.com,2003:post-6a00d8341bfae553ef0162ff64935d970d2012-01-11T08:59:33-05:002012-01-11T08:59:33-05:00After Calix, Inc. announced its acquisition of Occam Networks, Inc. in September 2010 the by now usual lawsuit appeared to challenge the transaction. One of the representative plaintiffs in this case was Michael Steinhardt, a hedge fund investor, described as...CorporateAcquisitions MergerLawBloggerChallenging the conventional wisdom on hostile offerstag:typepad.com,2003:post-6a00d8341bfae553ef0162ff573f9a970d2012-01-10T12:25:00-05:002012-01-10T12:25:00-05:00The WSJ Deal Journal posts some excellent thoughts on how Martin Marietta's hostile offer for Vulcan Materials challenges the conventional wisdom on hostile offers. Take read. -bjmqCorporateAcquisitions MergerLawBloggerOlympus goes after its own directorstag:typepad.com,2003:post-6a00d8341bfae553ef0167604bb4ad970b2012-01-10T09:52:37-05:002012-01-10T09:59:03-05:00You'll remember last Fall when the whole Olympus accounting scandal came to light? Olympus was using merger-related transaction fees to hide its nearly 2 decades of accounting shenigans. It was only when Olympus' new CEO Michael Woodford started asking questions...CorporateAcquisitions MergerLawBloggerJohnson on transaction related litigationtag:typepad.com,2003:post-6a00d8341bfae553ef0167603c218d970b2012-01-09T07:47:30-05:002012-01-09T07:47:30-05:00Jennifer Johnson has a new article, Securities Class Actions in State Court, appearing on the problem of multi-forum transaction-related litigation. This paper is consistent with my paper on the same issue. Johnson suggests that unless action is taken at the...CorporateAcquisitions MergerLawBloggerWeil on Arbitration vs. Litigationtag:typepad.com,2003:post-6a00d8341bfae553ef0162fef84601970d2012-01-03T19:44:44-05:002012-01-03T19:44:44-05:00Practitioners are often asked by their clients, "Which do you recommend to resolve disputes under a merger agreement: Litigation or Arbitration?" Here's a Weil client alert by Sara Duran that "addresses the pros and cons of arbitration, situations where litigation...CorporateAcquisitions MergerLawBloggerTexas Tech seeks a visitortag:typepad.com,2003:post-6a00d8341bfae553ef0162fef321b6970d2012-01-03T11:46:28-05:002012-01-03T11:46:28-05:00Texas Tech is looking for a visitor to teach business law and M&A courses. See below: Texas Tech University School of Law is seeking applications for one- and two-semester (full time) visitors during the 2012-13 academic year. Anticipated curricular needs...CorporateAcquisitions MergerLawBloggerDechert on Transaction Insurancetag:typepad.com,2003:post-6a00d8341bfae553ef01675f9c233b970b2011-12-29T15:46:21-05:002011-12-29T15:46:21-05:00The potential post-closing erosion of value (either of the consideration received by the seller or the business acquired by the buyer) is an issue in almost every M&A transaction. This article by attorneys at Dechert LLP discusses a few of...CorporateAcquisitions MergerLawBloggerLarry Ribstein, RIPtag:typepad.com,2003:post-6a00d8341bfae553ef0162fe5c94b6970d2011-12-24T19:12:12-05:002011-12-24T19:16:49-05:00Via Larry Solum and the University of Illinois College of Law: The University of Illinois College of Law community mourns the loss of Professor Larry E. Ribstein, the Mildred Van Voorhis Jones Chair, Associate Dean for Research, and Co-Director of...CorporateAcquisitions MergerLawBloggerYahoo sale in the offingtag:typepad.com,2003:post-6a00d8341bfae553ef0162fe272832970d2011-12-21T16:12:23-05:002011-12-21T16:12:23-05:00Yahoo? Boohoo is more like it. From Forbes: The New York Times is reporting that Yahoo tomorrow will consider a proposal to sell its stakes in Yahoo Japan and Alibaba Group, in a transaction that would be worth approximately $17...CorporateAcquisitions MergerLawBlogger