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Bankrupt SoCal Power Plant Owes Big Money to Big Law
La Paloma Generating Co. LLC, a natural gas-fired power plant in Southern California struggling with increased competition from the renewable energy sector, filed for bankruptcy this week in Delaware. The company owes nearly $200,000 to three Am Law 100 firms.Squeezed-Out Stockholder Has Standing to Sue GE, Glasscock Says
The Delaware Court of Chancery has ruled that a pension fund squeezed out of its stake in General Electric's financial services unit has standing to sue on behalf of itself and similarly situated stockholders, who claim they were shortchanged in a merger.Latham, Vinson Lead on $21B Pipeline Merger
The two Am Law 100 firms are advising on an all-stock megamerger that will unite a network of oil and gas pipeline giants controlled by Dallas-based billionaire Kelcy Warren.Delay Bars Addition to IP Suit Against Teva Over Nasal Spray
A Delaware federal judge on Monday blocked plaintiffs in a patent infringement suit against drugmaker Teva Pharmaceuticals USA from amending their complaint to reflect corrections made to a patent for a nasal spray.Delay Bars Addition to IP Suit Against Teva Over Nasal Spray
A Delaware federal judge on Monday blocked plaintiffs in a patent infringement suit against drugmaker Teva Pharmaceuticals USA from amending their complaint to reflect corrections made to a patent for a nasal spray.2016 Legal Departments of the Year, Litigation, Emerging Companies: Pure Storage Inc.
Pure Storage Inc. survived an existential threat to its business this year, revamping its patent strategy along the way.Deal Watch: Lobbyists Heed Call for AT&T, DFS
A look at the big firms behind the latest billion-dollars deals announced within the past week, including AT&T's proposed $108.7 billion buy of Time Warner Inc. The mega-deal, which will likely receive a robust regulatory review, should be a boon to lobbyists for both companies.Weil, Sidley Snag Roles on Two More Big Energy Bankruptcies
The ongoing energy bust has claimed two more victims in Houston-based Key Energy Services Inc. and Fort Worth-based Basic Energy Services Inc., both of which filed for Chapter 11 protection this week in Delaware.Cooley Comes Up Empty in Two Bankruptcy Cases
The Am Law 100 firm is owed a collective $1.57 million in fees from Implant Sciences Corp. and Sotera Wireless Inc., two companies that recently filed for Chapter 11 protection in Delaware and San Diego, respectively. A handful of other firms are also owed money by the debtors.Laster Rejects Challenge to Books-A-Million Going-Private Merger
The Delaware Court of Chancery invoked the business judgment rule in dismissing with prejudice a challenge to Books-A-Million Inc.'s $21 million by a controlling shareholder in a going-private merger, finding that a special committee's handling of the acquisition could not possibly be viewed as waste.Trending Stories
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