Latham & Watkins Advises on Core Scientific’s Increased US$550 Million Convertible Senior Notes Offering

Latham & Watkins Advises on Core Scientific’s Increased US$550 Million Convertible Senior Notes Offering. Core Scientific has announced the pricing of its upsized $550 million offering of 0.00% convertible senior notes due 2031. The offering, initially set at $500 million, will settle on December 5, 2024. The notes are senior, unsecured, and carry no regular […]
Apple Faces Lawsuit Over Alleged Spying on Employees’ Personal Devices

Apple Faces Lawsuit Over Alleged Spying on Employees’ Personal Devices. Apple is now embroiled in a major lawsuit filed in California, which accuses the tech giant of unlawfully surveilling its employees’ personal devices and iCloud accounts. The lawsuit also claims that Apple has been restricting employees from discussing their compensation and workplace conditions, adding fuel […]
Gen Digital Inc. Pays $55.1 Million Settlement After False Claims Act Violation

Gen Digital Inc. Pays $55.1 Million Settlement After False Claims Act Violation. Gen Digital Inc., formerly known as Symantec Corp., based in Tempe, Arizona, has agreed to a significant settlement of $55.1 million, concluding a decade-long legal battle under the False Claims Act. The settlement follows a four-week bench trial and includes $16.1 million in […]
Robbins LLP Files Class Action Against Rentokil Initial PLC (RTO) Over Failed Terminix Integration

Robbins LLP Files Class Action Against Rentokil Initial PLC (RTO) Over Failed Terminix Integration. Robbins LLP has initiated a class action lawsuit on behalf of individuals and entities who acquired American Depository Shares (ADSs) of Rentokil Initial PLC (NYSE: RTO) between December 1, 2023, and September 10, 2024. Rentokil, a global leader in pest control, […]
Delaware Court Rules Against Elon Musk’s $56 Billion Compensation Package

Delaware Court Rules Against Elon Musk’s $56 Billion Compensation Package. On Monday, a Delaware judge ruled that Elon Musk, CEO of Tesla, is not entitled to the $56 billion compensation package, despite shareholder support. Chancellor Kathaleen McCormick of the Delaware Court of Chancery upheld her earlier January decision, which deemed the package excessive, even after […]
Kirkland & Ellis Advises Consolis Group on Successful Debt and Equity Recapitalization Deal

Kirkland & Ellis Advises Consolis Group on Successful Debt and Equity Recapitalization Deal. Kirkland & Ellis recently advised Consolis Group, a European leader in precast concrete solutions for the building and utilities sectors, in connection with its comprehensive debt and equity recapitalization, which was successfully completed on November 28, 2024. This pivotal transaction, executed by […]
Baker McKenzie Advises 13 NSW Councils on Iberdrola PPA

Baker McKenzie Advises 13 NSW Councils on Iberdrola PPA. Baker McKenzie has successfully facilitated a significant Power Purchase Agreement (PPA) between Iberdrola and 13 participating councils in New South Wales (NSW). The agreement, which is set to begin on January 1, 2025, and run until the end of 2030, will provide over 390 GWh of […]
Charlie Rose Settles Sexual Harassment Lawsuit with Three Former Employees

Charlie Rose Settles Sexual Harassment Lawsuit with Three Former Employees. Charlie Rose, 82, the former CBS This Morning anchor, has reached a settlement in the sexual harassment lawsuit filed by three former employees. The lawsuit, which came to light in 2018, accused Rose of creating a hostile work environment through unwanted touching, verbal harassment, and […]
New Mexico Resident Awarded Record $412 Million in Medical Malpractice Lawsuit

New Mexico Resident Awarded Record $412 Million in Medical Malpractice Lawsuit. A resident of New Mexico has reportedly been granted the largest-ever medical malpractice compensation awarded by a jury in the United States, following a series of unsuccessful penile injections. In November 2024, a jury in Albuquerque awarded the individual, currently in his 70s, a […]
Class-Action Lawsuit Filed Against Shen Yun Alleging Forced Labor, Child Exploitation

Class-Action Lawsuit Filed Against Shen Yun Alleging Forced Labor, Child Exploitation. Berger Montague and Farra & Wang have filed a class-action lawsuit against Shen Yun, the renowned Chinese classical dance and music organization, and its affiliated parties, accusing them of exploiting forced labor, including child labor, and violating labor laws. The lawsuit, filed by primary […]
Court Rules OFAC Exceeded Authority in Sanctioning Tornado Cash Smart Contracts

Court Rules OFAC Exceeded Authority in Sanctioning Tornado Cash Smart Contracts. In August 2022, the U.S. Office of Foreign Assets Control (OFAC) imposed sanctions on Tornado Cash, a cryptocurrency mixing service, accusing it of laundering over $7 billion in digital currency since its creation in 2019. OFAC stated that Tornado Cash played a key role […]
White & Case Advises Banco Mercantil del Norte on $1.5 Billion Tier 1 Capital Notes Issuance

White & Case Advises Banco Mercantil del Norte on $1.5 Billion Tier 1 Capital Notes Issuance. White & Case LLP has advised Banco Mercantil del Norte (Banorte), one of Mexico’s leading banking institutions, in its issuance of US$1.5 billion in Tier 1 capital notes. The issuance, finalized on November 20, 2024, marks a significant milestone […]