U.S. Supreme Court justices indicated they may reinforce the airline industry’s shield from passenger lawsuits as they heard the case of a man kicked out of Northwest Airlines’s frequent-flyer program for complaining too much.
The U.S. Supreme Court upheld a tax- shelter penalty on partnerships used by Billy Joe “Red” McCombs, the billionaire co-founder of Clear Channel Communications Inc. and former owner of pro football’s Minnesota Vikings.
Skadden, Arps, Slate, Meagher & Flom LLP advised Devon Energy Corp., which will buy closely held GeoSouthern Energy Corp.’s Eagle Ford assets for $6 billion in cash, expanding its shale holdings in one of the most prolific oil basins in the U.S.
Senate Republicans blocked the last of President Barack Obama’s three nominees to a federal appeals court that oversees some of the nation’s biggest business cases, dealing a blow to his efforts to reshape the panel.
The U.S. Supreme Court accepted a case with the potential to transform securities litigation, agreeing to reconsider a precedent that has served as the foundation for shareholder suits for the past 25 years.
For the second time in two weeks, U.S. Senate Republicans blocked one of President Barack Obama’s nominees for a federal appeals court considered the nation’s second-highest because of its influence over government regulations.
Davis Polk & Wardwell LLP advised Shire Plc, which agreed to buy ViroPharma Inc. for about $4.2 billion to gain treatments for rare diseases and lessen dependence on its best-selling Vyvanse pill for attention deficit hyperactivity disorder. Skadden, Arps, Slate, Meagher & Flom LLP advised ViroPharma.
The U.S. Supreme Court revisited the 2001 Enron Corp. collapse as the justices debated whether a federal law protects whistle-blowers working for auditors, law firms and other advisers to publicly traded companies.
The U.S. Supreme Court revisited the Enron Corp. collapse as the justices debated whether whistle- blower protections in a 2002 law cover employees of auditors, law firms and other advisers to publicly traded companies.