Merger

Lawsuits Fly as U.S. Steel and Nippon Steel Challenge Biden’s Blockade of Multi-Billion Dollar Merger

by

Washington, D.C. – In a major move earlier this month, President Joe Biden halted the proposed acquisition of U.S. Steel by Nippon Steel, a deal worth nearly $15 billion. This decision has led to significant backlash from the steel giants. In response, U.S. Steel and Nippon Steel filed lawsuits, intensifying the dispute over the failed merger. David McCall, president of the United Steelworkers (USW), has voiced strong opposition against Nippon Steel’s potential takeover, emphasizing concerns over the implications for U.S. industry and labor. McCall accused U.S. Steel of longstanding aggressive tactics and expressed apprehension about … Read more

Tech and AI Legal Experts Unite in Groundbreaking US Law Firm Merger

by

In a notable move within the legal sector, two prominent law firms known for their specialization in technology and artificial intelligence have announced a merger, aiming to create a powerhouse that offers enhanced legal services in these rapidly evolving fields. This strategic alliance is expected to set a new standard in legal provisions related to cutting-edge technology and innovation. The merged entity, which has not yet been named, will integrate the expertise and resources of both firms to better serve a clientele ranging from startups to multinational corporations grappling with the complexities of technology law. … Read more

Block & Leviton Files Lawsuit Against Capri Holdings Over Alleged Securities Fraud Amidst Failed Merger Deal

by

BOSTON — Legal firm Block & Leviton has initiated a securities fraud lawsuit against Capri Holdings Ltd. and some of its top executives, according to an announcement on Friday. The action comes in the wake of significant financial losses reported by investors following a failed acquisition attempt by Capri that saw its stock prices plummet. Shareholders who suffered financial damages are urged to come forward to possibly recuperate their investments. The lawsuit stems from events starting on August 10, 2023, when Capri Holdings, known for its Michael Kors brand, and Tapestry, the parent company of … Read more

Morgan Lewis Bolsters European Presence with Acquisition of Kramer Levin’s Paris Team Ahead of Major Transatlantic Law Firm Merger

by

Paris, France — In a significant move to expand its global footprint, Morgan Lewis & Bockius announced on Friday the acquisition of Kramer Levin Naftalis & Frankel’s Paris office, including a robust team of 54 lawyers. This development precedes the merger of Kramer Levin, based in Manhattan, with Herbert Smith Freehills, set to finalize in May. Kramer Levin’s Paris office, previously its sole international location, was notably excluded from its impending transatlantic union with Herbert Smith Freehills. This strategic acquisition by Morgan Lewis not only bolsters its presence in Europe but also significantly enhances its … Read more