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Brower Piven Announces Investigation of El Paso Corp.
Law Firm News |
2011/10/17 16:18
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The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of El Paso Corporation and other violations of state law by the Board of Directors of El Paso relating to the proposed acquisition of the company by Kinder Morgan, Inc. The firm’s investigation seeks to determine whether El Paso’s Board breached its fiduciary duties by, among other things, failing to maximize shareholder value.
On October 16, 2011, El Paso and KMI jointly announced that they have entered into a definitive merger agreement whereby KMI will acquire all outstanding shares of El Paso for $26.87 per share based on the closing prices of each of the companies on October 14, 2011. The joint press release stated that the agreement provides that El Paso shareholders will receive for each of their shares $14.65 in cash plus 0.4187 KMI shares and 0.640 KMI warrants with a five-year term exercisable at $40.00 per share.
According to the joint press release, while under all circumstances El Paso shareholders will receive 0.640 KMI warrants per El Paso share held, subject to proration, El Paso shareholders will be able to elect, for each El Paso share held, either (i) $25.91 in cash, (ii) 0.9635 shares of KMI common stock, or (iii) $14.65 in cash plus 0.4187 shares of KMI common stock. According to the joint release, El Paso’s board, two members of which will join the KMI board after the transaction closes, has agreed not to solicit competing transactions. Further, under certain circumstances, according to the companies, KMI will receive a termination fee of $650 million, or over $0.90 per El Paso share, from El Paso. According to Yahoo! Finance, at least one analyst has set a price target for El Paso of $28 per share.
If you own El Paso common stock and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.
hoffman@browerpiven.com |
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Greenberg Traurig Receives 2 International M&A Advisor Awards
Law Firm News |
2011/10/16 16:17
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The international law firm Greenberg Traurig, LLP won two awards in the Major Transaction category for Corporate/Strategic Acquisition of the Year and for Financing Deal of the Year at The M&A Advisor 3rd Annual International M&A Awards. The awards were presented for Greenberg Traurig's role in the business combination of Liberty Acquisition Holdings Corp. and Promotora de Informaciones, a transaction that involved more than 100 firm attorneys. The firm was also a finalist for M&A Deal of the Year and Turnaround Deal of the Year in the Major Transaction category and for Media, Entertainment and Telecom in the Sector Transaction category.
Leading the Liberty deal team at Greenberg Traurig were, from the Fort Lauderdale office, shareholders Donn Beloff, Bruce March and Brian Gavsie, and associate Bernie Grondin; from the Miami office, shareholders Patricia Menendez-Cambó, Chair of the firm’s Global Practice Group, Randy Bullard, and Mark Lopez, and associate Enrique Conde; from the New York office, shareholders Alan Annex and Ken Gerasimovich; from the Tysons Corner office, shareholder Jason Simon; from the Chicago office, shareholder Peter Lieberman; and from the Wilmington office, shareholder Kelly Terribile. The winners were announced at the 3rd Annual International M&A Awards Gala on Tuesday, October 11, 2011, at The Cornell Club in New York City.
Comprised of more than 350 lawyers in more than 30 offices, Greenberg Traurig’s Corporate and Securities/M&A Practice provides advice and services to companies and entrepreneurs throughout the Americas, Europe and Asia. Greenberg Traurig’s practice groups and attorneys have been recognized as No. 1 in their respective geographic regions by The National Law Journal, Chambers & Partners, Corporate Board Member magazine, Latin Lawyer magazine and numerous regional and local professional publications.
Most recently, Greenberg Traurig ranked 5th among all law firms representing investment banks in U.S. mergers and acquisitions transactions, with 12 announced transactions, in the 2011 Six-Month Banker Representations listing published by Corporate Control Alert. Firms were ranked by the total number of deals having a value of $100 million or more during the period from January 1, 2011 to June 30, 2011. According to league table reports published by Bloomberg, mergermarket and Thomson Reuters, during the first half of 2011, Greenberg Traurig had 50 M&A deals announced globally, with a value of approximately $60 billion, up from 30 announced deals valued at approximately $16 billion in the first half of 2010. The firm's advance was propelled by its role in several high-profile transactions. Greenberg Traurig ranked in the top 15 law firms nationally and top 20 law firms globally in eight rankings in the reports, which highlight deal activity at top law firms across a broad array of deal types, regions, and industry sectors.
For additional information, please visit www.gtlaw.com. |
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Scott Cole & Associates Announces Update for Class Action
Law Firm News |
2011/10/06 16:18
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According to Scott Cole, within days of being hit with a class action lawsuit for failing to offer meal and rest breaks to its California workforce, Guitar Center fired the man who pioneered the lawsuit and allowed its workers to parade the named plaintiff’s final paycheck around the workplace. In immediate reaction to these events, the plaintiff’s attorneys at Scott Cole & Associates amended the Complaint today to allege a wrongful termination and invasion of privacy claim.
“If Guitar Center thinks it can send a message to its workers that standing up for their rights will cost them, this new wrongful termination claim sends a stronger message right back,” says Scott Cole, the principal lawyer on the case. “Firing our client was a big mistake.”
The lawsuit is entitled Pellanda v. Guitar Center, Inc.
Oakland-based Scott Cole & Associates, APC is one of California’s premiere class action law firms and is devoted to representing individuals in employment and consumer rights litigation. For more information about our practice and cases, visit www.scalaw.com or call (510) 891-9800. |
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Law Offices of Howard G. Smith Announces Class Action Lawsuit
Law Firm News |
2011/09/28 17:32
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Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of purchasers of the common stock of Omnicare, Inc. (“Omnicare” or the “Company”) between January 10, 2007 and August 5, 2010, inclusive (the “Class Period”), seeking to pursue remedies under the Securities Exchange Act of 1934. The class action lawsuit was filed in the United States District Court for the Eastern District of Kentucky.
Omnicare provides pharmaceuticals, and related pharmacy and ancillary services to long-term healthcare institutions. The Complaint alleges that during the Class Period Omnicare and certain of its executive officers misrepresented or failed to disclose material adverse information concerning Omnicare’s business and financial condition. Specifically, the Complaint alleges that the Company submitted claims for reimbursement to the federal Medicare program, and to several state Medicaid programs, for services that did not conform with Medicare and Medicaid regulations, while repeatedly representing that Omnicare was operating in compliance with all applicable laws and regulations. The Complaint further alleges that Omnicare’s reported net sales and accounts receivable throughout the Class Period were artificially inflated as they included the proceeds of the nonconforming Medicare and Medicaid claims.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Omnicare common stock between January 10, 2007 and August 5, 2010, you have certain rights, and have until October 24, 2011, to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com. |
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Jason R. Maier - Nevada Personal Injury Attorney
Law Firm News |
2011/09/21 09:20
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Jason R. Maier
Jason Maier is the managing partner of the law firm Maier Gutierrez & Associates, focusing his practice on business, commercial and personal injury litigation.
A graduate of American University’s Washington College of Law, Mr. Maier began his legal career as a law clerk for United States District Judge James Mahan (District of Nevada). It was during Mr. Maier’s time working with Judge Mahan that he developed an interest in litigation and trial practice.
Following the federal court clerkship, Mr. Maier had the opportunity to join the white collar litigation practice of Skadden Arps in Washington, D.C., where he represented national and international clients in various investigations by the federal government.
Las Vegas Injury & Wrongful Death Attorneys
If you or a family member has been in an accident, we can help. If one of your employees was involved in an accident and your company is facing a lawsuit, we can help.
We have a track record of successfully litigating personal injury and product liability cases for our clients. We have significant experience with these types of cases, ranging from quick, favorable resolutions to taking cases all the way through trial and appeal.
Maier Gutierrez PLLC
2500 West Sahara Avenue, Suite 106
Las Vegas, Nevada 89102 |
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2 law firms in Louisiana and Mississippi to merge
Law Firm News |
2011/08/31 13:38
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A New Orleans-based law firm is expanding into Mississippi as it merges with a firm based in Jackson.
The New Orleans firm is Jones, Walker, Waechter, Poitevent, Carrere & Denegre L.L.P.
It is combining with Watkins Ludlam Winter & Stennis, P.A., a firm that includes former Mississippi Gov. William Winter.
The firms say in a news release Tuesday that the merger should be complete by Jan. 1, and the combined firm will have 375 attorneys.
It will go by the current name of the New Orleans firm, Jones Walker.
After the merger is complete, Jones Walker will have 15 offices in Louisiana, Alabama, Arizona, Florida, Mississippi, Texas and the District of Columbia. |
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