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December 09, 2021 | Delaware Law Weekly

Del. Supreme Court Affirms $5.8B Hotel Acquisition Deal Rightfully Broken Amid Pandemic, Offering New Ordinary Course Covenant Analysis

The ruling is the first Delaware Supreme Court decision that extensively addresses an ordinary course covenant in a terminated acquisition, rather than on a material adverse effect cause, and relies on the covenant as the basis for terminating an acquisition, according to Quinn Emanuel Urquhart & Sullivan managing partner Michael Carlinsky.
5 minute read
December 09, 2021 | Delaware Business Court Insider

In New Ordinary Course Covenant Analysis, Del. Supreme Court Affirms $5.8B Hotel Acquisition Deal Rightfully Broken Amid Pandemic

The ruling is the first Delaware Supreme Court decision that extensively addresses an ordinary course covenant in a terminated acquisition, rather than on a material adverse effect cause, and relies on the covenant as the basis for terminating an acquisition, according to Quinn Emanuel Urquhart & Sullivan managing partner Michael Carlinsky.
5 minute read
December 06, 2021 | The American Lawyer

In the Midst of a Talent War, Lockstep Can't Last—Even at Cravath

The evolution of new leading law firms, and the types of legal work that lead to great profits, have allowed non-lockstep firms to change the game.
10 minute read
December 06, 2021 | The Recorder

In the Midst of a Talent War, Lockstep Can't Last—Even at Cravath

The evolution of new leading law firms, and the types of legal work that lead to great profits, have allowed non-lockstep firms to change the game.
10 minute read
December 06, 2021 | The American Lawyer

Cravath Adopts Modified Lockstep Compensation System

After close to 50 years of a pure lockstep compensation system, an internal memo says the firm is making the change to advance its strategy.
2 minute read
Law Journal Press | Digital Book Florida Construction Defect Litigation 2025 Authors: Gary L. Brown View this Book

View more book results for the query "Wachtell Lipton"

December 01, 2021 | The American Lawyer

Kirkland Shortens Track to Equity Partnership

With law firms competing for talent, Kirkland's junior lawyers can now share in the firm's profits more quickly.
2 minute read
November 22, 2021 | The American Lawyer

Deal Watch: Private Equity Hits New Heights

PE-backed M&A announcements hit $1 trillion for the first time. Meanwhile deals and SPACs keep popping.
14 minute read
November 10, 2021 | The American Lawyer

'Top Dollar for Top Judgment': In Public and Behind Closed Doors, Big Law Investigations Practices Are Booming

A recent string of high-profile investigations in professional sports and the film industry are out in the open, and changing DOJ policy is likely to yield many more probes that won't see the light of day.
8 minute read
November 08, 2021 | The American Lawyer

Deal Watch: 2021 Is the Year of the IPO

While big deals and SPACs have eaten up attention, IPO activity has blossomed in 2021 and shows no signs of letting up.
14 minute read
November 08, 2021 | The Recorder

Deal Watch: 2021 Is the Year of the IPO

The leading industry for IPOS this year is technology, with 360 tech companies going public so far in 2021, more than any time since 2000.
14 minute read

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