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February 11, 2010 | Daily Report Online

Jobless claims figures raise hopes for recovery

WASHINGTON AP - The number of newly laid-off workers seeking unemployment benefits fell more than expected last week to the lowest total in a month, a sign the job market may be improving.The Labor Department said that first-time claims for unemployment insurance dropped by 43,000 to a seasonally adjusted 440,000. Wall Street economists expected a smaller decline of 15,000, according to a survey by Thomson Reuters.
4 minute read
April 05, 2012 | New York Law Journal

New Deals

Tyco International has agreed to combine its flow control business with Pentair, which specializes in water technologies, in a $10 billion all-stock merger, and a group led by Magic Johnson will purchase the Los Angeles Dodgers from Frank McCourt in a $2 billion deal that marks the highest amount ever paid for a sports franchise.
7 minute read
August 22, 2007 | Daily Report Online

Prosecutors open criminal case in fire at World Trade Center site

NEW YORK AP - Prosecutors opened a criminal investigation Tuesday into the blaze that killed two firefighters at a ground zero skyscraper that had a broken water supply system as it was being dismantled.The defunct standpipe pumped thousands of gallons into the basement, leaving firefighters without enough water to fight the fire that started Saturday on the 17th floor.
4 minute read
March 09, 2009 | Legaltech News

Cybercrime in Franchise Companies

The 21st century is the age of cybercrime, and franchise companies should be concerned because they are uniquely vulnerable in two areas. One, they possess massive collections of personally identifiable information. Two, they have substantial assets in intangible property.
13 minute read
April 30, 2013 | The American Lawyer

Hogan Handles Apple's Record $17 Billion Bond Sale

Consumer electronics giant Apple, which was unburdened by debt until this week, is relying on Hogan Lovells as the company undertakes its first bond sale in more than two decades to help finance a $100 billion capital return program to shareholders.
5 minute read
April 03, 2001 | Law.com

Companies Attempt Merger Through Chapter 11 Reorganization Plans

Paging companies WebLink Wireless Inc. and Metrocall Inc. will attempt to become the first companies to merge by simultaneously filing for bankruptcy protection with interlocking reorganization plans. The merger scheme depends on the ability of both companies to convince their bondholders to exchange debt paper for equity in the new combined entity.
5 minute read
June 18, 2008 | New York Law Journal

Practitioners Need Broader Expertise

Shelby D. Green and John R. Nolon, professors at Pace Law School, write that Real Estate Law has undergone radical change in the past decade, not just with the ascendancy of environmental concerns, developments due to the subprime mortgage crisis and the effects of public opposition to development projects, but even in traditional areas, such as contract drafting and the recording of instruments.
13 minute read
July 01, 2012 | The American Lawyer

Ready to Commit

The U.K.'s Ashurst has finally found an international merger partner, in Australia's Blake Dawson. Can it tie the knot with an American firm, too?
15 minute read
March 30, 2007 | Law.com

Apollo Sues EGL, Claiming Auction Was Rigged

Private equity firm Apollo Management has raised its offer for global logistics company EGL and in an unusual twist, filed a suit Tuesday against the target and its directors, claiming the bidding process was rigged. EGL agreed March 18 to go private in a deal led by its chairman and CEO James Crane and private equity firms Centerbridge Partners and Woodbridge Co. In a complaint filed in state court in Houston, Apollo alleges that EGL and Crane unfairly tipped the bidding process in Crane's favor.
5 minute read
November 10, 2008 | Daily Report Online

Circuit City files for bankruptcy protection

RICHMOND, Va. AP-Circuit City Stores Inc. filed for bankruptcy protection on Monday heading into the busy holiday season as analysts question whether the nation's second-biggest electronics retailer will be able to survive.The company said it decided to file for bankruptcy protection because it was facing pressure from vendors who threatened to withhold products during the holiday period.
5 minute read

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