0 results for 'Young Conaway Stargatt Taylor'
ICO Global's Cash Crunch Leads to Bankruptcy
Satellite-telephone provider ICO Global Communications Ltd. has been forced by a cash crunch to join the parade of multi-billion dollar companies that have sought protection in Delaware this year to reorganize themselves. ICO hoped to create the world's third global satellite-telephone network, but ended up following the footsteps of Iridium LLC, which decided to seek protection from creditors in Delaware two weeks earlier. Iridium was the first to offer satellite-telephone calling.Last month, Cravath failed in its efforts to upend Airgas's poison pill. But on Thursday, it succeeded in defending a poison pill put in place by client Barnes & Noble.
Human Genome Science and its Simpson Thacher lawyers have filed a juicy complaint against Genentech, alleging that the rival biotech conspired with CellTech to lock up a monopoly on the therapeutic antibody process until 2018. But HGS isn't the first plaintiff to make such claims.
Settlement OK'd in Suits Over 3-D Geophysical Aquisition
A Delaware Chancery judge has approved 3-D Geophysical Inc.'s settlement of a shareholder suit opposing Western Atlas Inc.'s $114 million acquisition of the oil services company last year. Also approved was $150,000 in fees and expenses for the plaintiffs' lawyers. Western acquired 3-D in May 1998. The suit was settled in exchange for more information about 3-D's operations and a $1.5 million cut of the transaction's proposed $5.5 million breakup fee.The settlement between Major League Baseball and Los Angeles Dodgers owner Frank McCourt didn't resolve all their differences: Baseball Commissioner Allan "Bud" Selig now wants the league's $7.6 million in legal bills and costs paid for by the team before it emerges from bankruptcy.
Proskauer, led by partner Sarah Gold, has helped Take-Two Interactive Software settle both a shareholder class action related to a spurned buyout offer from Electronic Arts and government investigations into stock options backdating.
Thanks to Courtroom View's live video stream of Burkle's closely-watched challenge to Barnes & Noble's poison pill, we got to see the vice-chancellor engage in some straight-talking colloquies with the billionaire investor.
Iridium in the Red and Under Fire
Satellite-phone company Iridium LLC has joined the parade of billion-dollar companies filing for bankruptcy court protection in Delaware, while dissident noteholders filed an involuntary petition against the company in New York. Iridium filed its Chapter 11 petition after its bondholders and its biggest investor, Motorola Inc., couldn't agree on a plan that would allow the cash-strapped satellite-telephone company to repay its debts.Billions of dollars of revenue were at stake in challenges to an antipsychotic co-marketed by Bristol-Myers and a Lilly lung cancer treatment. But courts in Delaware and New Jersey upheld the brands' patents.
Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
2024 Report: State of AI in Legal
Brought to you by Ironclad
Download Now
Blueprint for Successful Second Request Document Review
Brought to you by Integreon
Download Now
Employee Happiness Playbook: The 3 R's for Business Success in 2024
Brought to you by Amazing Workplace, Inc.
Download Now
The Positive Impact of AI at Small Law Firms: 4 Key Insights
Brought to you by LexisNexis®
Download Now