BP Plc’s U.S. investors can’t pursue as a group claims that the company inflated its shares with misleading statements before and after the Gulf of Mexico oil spill, a judge ruled, citing a recent Supreme Court decision.
Pepper Hamilton LLP opened a Silicon Valley office yesterday with a team of lawyers from Goodwin Procter LLP. The office is the firm’s third outpost in California and first in the northern part of the state.
Monier Group Services GmbH, the German tilemaker seized by lenders including Apollo Global Management LLC in 2009, won three years to restructure its business after a U.K. court allowed it to extend about $935 million of debt.
The 102 Pilgrims who sailed to the New World in 1620 were destined to be communists. Under the terms of their agreement with the Plymouth company, they were to work communally for the first seven years, ‘‘during which time, all profits & benefits that are got by trade, traffick, trucking, working, fishing or any other means ... remaine still in ye comone stock.’’ After that time the proceeds would be shared with the investors in England.
Sullivan & Cromwell LLP, Morris Manning & Manning LLP, Venable LLP, Wachtell Lipton Rosen & Katz and Proskauer Rose LLP advised on American Realty Capital Properties Inc.’s agreement to buy Cole Real Estate Investments Inc. for about $6.85 billion as it seeks to become the largest owner of U.S. single-tenant buildings.
The Chapter 11 cases for units of Truvo Luxemburg Sarl, a Belgium-based publisher of directories, may test whether a U.S. bankruptcy court can or should eliminate debt on European companies that aren’t in bankruptcy in the U.S. or abroad.