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May 26, 2022 | The American Lawyer

Wachtell, Gibson, Cleary, Simpson and O'Melveny Usher in $61B Deal, Year's Second Largest

Second in value only to Microsoft's $75B offer for Activision, it's another massive deal for more "traditional" tech.
3 minute read
May 25, 2022 | Law.com

Compliance Hot Spots: Fifth Circuit Deems SEC In-House Judges Unconstitutional + Kaplan Hecker Partner Lands DOJ Role + MoFo Snags White-Collar Leader

A ruling from the U.S. Court of Appeals for the Fifth Circuit has raised pressing questions about the future of SEC enforcement proceedings.
9 minute read
May 25, 2022 | The Recorder

Ancillary No More: Silicon Valley Firms Face Increasing Partner Compensation Challenges

Service partners just might have the most to gain amid Big Law's rapid expansion in Northern California.
8 minute read
May 25, 2022 | New York Law Journal

Former EDNY Criminal Division Chief Tapped for Top DOJ Role

Marshall Miller, a former prosecutor in the Eastern District of New York and a senior official in Main Justice's criminal division, will serve as the top adviser to Deputy Attorney General Lisa Monaco.
4 minute read
May 25, 2022 | New York Law Journal

Solving the Board Composition Puzzle

Recent state court decisions striking down board diversity mandates in California present an opportunity to consider the current regulatory context and the realities facing nominating committees and boards today.
12 minute read
May 24, 2022 | National Law Journal

Kaplan Hecker Partner Tapped for Senior DOJ Role

Marshall Miller, a former prosecutor in the Eastern District of New York and a senior official in Main Justice's criminal division, will serve as the top adviser to Deputy Attorney General Lisa Monaco.
4 minute read
May 24, 2022 | The American Lawyer

The Am Law 200 Excelled, but Their Future Hinges on How They Use Profits

The Second Hundred's best year in recent history was a spike, not the new normal. For managing partners, piling profits back into the firm is easier said than done.
9 minute read
May 24, 2022 | Legaltech News

The Am Law 200 Excelled, but How They Use Profits—Including in Tech—Will Decide the Future

The Second Hundred's best year in recent history was a spike, not the new normal. To face the growing headwinds that drive consolidation, some in the Second Hundred are racing for scale, but many others are looking inward and focusing on what they're good at.
9 minute read
Sciabacuccchi v. Liberty Broadband Corp.
Publication Date: 2022-05-17
Practice Area: Mergers and Acquisitions
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys:
For plaintiff: Nathan A. Cook, Block & Leviton LLP, Wilmington, DE; Kurt M. Heyman, Aaron M. Nelson, Melissa N. Donimirski, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Jason M. Leviton, Joel A. Fleming, Lauren G. Milgroom, Block & Leviton LLP, Boston, MA; Gregory V. Varallo, Andrew E. Blumberg, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Alla Zayenchik, Thomas James, Bernstein Litowitz Berger & Grossmann LLP, New York, NY for plaintiffs.
For defendant: David C. McBride, Martin S. Lessner, James M. Yoch, Jr., Paul J. Loughman, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; William Savitt, Ryan A. McLeod, Anitha Reddy, Adam M. Gogolak, David E. Kirk, Zachary M. David, Wachtell, Lipton, Rosen & Katz, New York, NY; Peter J. Walsh, Jr., Brian C. Ralston, Tyler J. Leavengood, Jaclyn C. Levy, Potter Anderson & Corroon LLP, Wilmington, DE; Richard B. Harper, Baker Botts LLP, New York, NY; Thomas E. O’Brien, Baker Botts LLP, Dallas, TX for defendants.
Case number: D69818

Summary judgment on director fiduciary claims denied where the evidence was not so overwhelming for the court to find, as a matter of law, that a majority of directors were independent and thus the board could exercise its business judgment to enter into challenged transactions.

May 16, 2022 | The American Lawyer

Deal Watch: Wave of Deals Over $10B, Twitter 'On Hold', Grindr Goes Public

Four deals over $10 billion and complications in Musk's Twitter acquisition highlight the bounceback week in M&A.
8 minute read

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