Microsoft Withdraws Its Bid For Yahoo!
This just in: Microsoft withdrew its most recent bid for Yahoo and announced it will not be making a hostile move for Yahoo. This comes on the heels of the announcement a mere day ago that Yahoo and Microsoft were sitting down to try to hammer out a friendly deal. Fickle, that Microsoft is! Allow ... Microsoft Withdraws Its Bid For Yahoo!
Dammit – DC Madam Hangs Herself
The DC Madam killed herself today, about a week after being found guilty by a jury on prostitution-related charges of money-laundering (among other things). Among her alleged clients are Louisiana Senator David Vitter, former U.S. Deputy Secretary of State Randall Tobias, and Harlan K. Ullman, a senior associate with the Center for Strategic and International Studies, ... Dammit – DC Madam Hangs Herself
GE "Slashes" Earnings: Free Advice from Nowicki for GE Exec. Jeffrey Immelt!
The Financial Times reported yesterday that an embarrassed GE CEO Jeffrey Immelt had to tell GE shareholders that the 10% growth in earnings for 2008 that he had promised analysts in March was not going to be possible. GE missed its quarterly forecasts and halved its 2008 forecast to 5% growth in earnings (as opposed ... GE "Slashes" Earnings: Free Advice from Nowicki for GE Exec. Jeffrey Immelt!
Merger Agreements, “Material Adverse Changes,” and Delaware Vice Chancellor Leo Strine’s Obsession With Keira Knightley
I am blogging today from the Tulane Corporate Law Institute, here in New Orleans, at the stunning Westin Hotel. I am set to appear on the Private Equity panel tomorrow, where I will talk about, among other things, the implications of 2007’s string of failed private equity deals. In preparation for this conference, I drafted a ... Merger Agreements, “Material Adverse Changes,” and Delaware Vice Chancellor Leo Strine’s Obsession With Keira Knightley
Regulate in Haste, Repent in Leisure: Reforming the Financial Regulatory Scheme
Today, Treasury Secretary Henry Paulson is set to present some comments about the Treasury’s Blueprint for Financial Regulatory Reform, released on Saturday. (A summary of the proposal is here.) The summary of the proposal report provides: “In this report, Treasury presents a series of “short-term” and “intermediate-term” recommendations that could immediately improve and reform the ... Regulate in Haste, Repent in Leisure: Reforming the Financial Regulatory Scheme
Tulane Corporate Law Institute
Tulane’s annual “Corporate Law Institute” is coming up! The conference – widely viewed as the must-attend deal conference of the year is April 3 and 4 (only two weeks away). The roster for this year’s conference reads like a who’s who of the deal world, with a range of Delaware jurists, investment bankers, top lawyers, ... Tulane Corporate Law Institute
New York State Governor Eliot Spitzer Will Resign
The news has just broken that New York State Governor Eliot Spitzer intends to resign on Monday. This means that Lieutenant Governor, David Paterson, a relative unknown, will become the governor of New York State. More importantly, this means Joe Bruno, New York State Senate Majority Leader, will be tapped to “perform all the duties ... New York State Governor Eliot Spitzer Will Resign
Eliot Spitzer – Tied to Prostitution? The Boys Versus The Girls
According to the Associated Press, New York State Governor Eliot Spitzer is reported to be or have been a client of a “high-end prostitution ring called Emperors Club VIP.” This morning, Governor Spitzer publicly apologized to his family and the public, “but did not not elaborate on a bombshell report that he has been involved in ... Eliot Spitzer – Tied to Prostitution? The Boys Versus The Girls
UVA Law School Names Corporate Law Expert Paul Mahoney Next Dean
UVA Law School announced today the appointment of esteemed corporate law scholar Paul Mahoney as dean. Congratulations. (Corporate law scholar, Sullivan & Cromwell alum, former Second Circuit clerk – it all bodes well…..)
Law Review Submission Season Is Almost Upon Us. Maybe.
Tis the spring law review submission season (almost, depending on your view)! This is the time of year where many members of law school faculties wrap up their law review draft articles and begin submitting them to various journals for consideration for publication. Tomorrow Tulane is having a faculty roundtable on law review publishing, at ... Law Review Submission Season Is Almost Upon Us. Maybe.
Microsoft Bids for Yahoo – Yahoo’s Board Will Respond
Microsoft has made a bid for Yahoo, and the Yahoo board of directors is anticipated to use the Nancy Reagan “Just Say No†defense. I feel like I’m back in the 1980s merger boom. Several thoughts: 1. Rumor has it we are in a recession. It is likely then that Yahoo stock is currently trading at ... Microsoft Bids for Yahoo – Yahoo’s Board Will Respond
Stoneridge Securities Fraud Opinion from the Supreme Court
The Supreme Court’s opinion in Stoneridge Investment Partners v. Scientific-Atlanta was issued today. This case involved investors in Charter Communications’ common stock who sued under Section 10(b) of the Securities Exchange Act of 1934. The investors sued Charter’s SUPPLIERS AND CUSTOMERS, including Scientific-Atlanta and Motorola, who had entered into essentially “wash†contracts with Charter for ... Stoneridge Securities Fraud Opinion from the Supreme Court
