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 …
Viasat Can Advance $424 Million Space Vehicle Contract Protest
Oct 23, 2024 · Viasat Inc. can proceed with its protest of the US Space Development Agency’s award of two contracts worth $424 million to produce 20 prototype space vehicles, the US Court of Federal Claims said. Judge Armando O. Bonilla issued an order stating that he denied the government’s motion to dismiss following sealed oral argument Tuesday. Viasat’s motion for a …
Third Circuit Tops Key Judicial Vacancies Awaiting Trump
Jan 2, 2025 · Donald Trump is poised to inherit less than half the vacancies he started with the first time he entered the White House. Trump benefited from a Republican Senate majority that blocked Barack Obama’s judicial nominees at the tail end of his presidency.
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Musk Defends $500 Million Twitter Severance Suit Win on Appeal
5 days ago · 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 …
Top Proxy Law Firms Brace for Explosion of Activist Campaigns
Jan 7, 2025 · Vinson & Elkins . Vinson & Elkins edged out Latham & Watkins LLP for a second year to snag the No. 2 position in 2024. V&E’s 34 engagements last year were three more than Latham’s 31.
SEC Democratic Seats at Risk as Crypto Groups Scuttle Biden Pick
Jan 6, 2025 · A key US financial regulator is bracing for an unprecedented political shift under the incoming Trump administration after the cryptocurrency industry successfully lobbied against President Joe Biden’s attempt to renew a Democratic commissioner’s term.
Giuliani Held in Contempt for Stonewalling Poll Workers Case (1)
Jan 6, 2025 · Rudolph Giuliani was held in contempt for violating legal discovery requirements related to his Palm Beach, Fla., condominium, potentially putting him one step closer to losing his second multimillion-dollar residence to satisfy a $148 million defamation judgment.. The former New York City mayor’s failure to cough up information that might undercut his claim for a …
Wall Street Top Cop Williams Joins Paul Weiss Where Career Began
5 days ago · Former Manhattan US Attorney Damian Williams has returned to Paul Weiss a month after leaving the post where he prosecuted felons including FTX co-founder Sam Bankman-Fried.. Williams, a past associate at Paul Weiss Rifkind Wharton & Garrison, has rejoined as a partner, the firm announced Friday.
401(k) Industry Walks Tightrope in Congress to Protect Tax Break
Jan 6, 2025 · Industry advocates promoting legislation in 2025 allowing public school teachers and nonprofit workers to use low-cost collective investment trusts for retirement are taking pains to avoid losing 401(k) tax incentives for workers in the process.