Latest news with #PaulHastings
Yahoo
a day ago
- Business
- Yahoo
Davis Polk & Wardwell and Kirkland & Ellis top M&A legal advisers table in H1 2025
Davis Polk & Wardwell and Kirkland & Ellis have emerged as the top mergers and acquisitions (M&A) legal advisers in the consumer sector for the first half (H1) of 2025, in terms of value and volume, respectively, according to the latest legal advisers league table by GlobalData. Davis Polk & Wardwell ranked first by deal value, overseeing transactions totalling $7.2bn while Kirkland & Ellis led by deal volume, advising on ten transactions. GlobalData lead analyst Aurojyoti Bose said: 'Interestingly, Davis Polk & Wardwell did not even feature among the top ten by value in H1 2024 but managed to lead by this metric in H1 2025. "Both the deals advised by Davis Polk & Wardwell during H1 2025 were billion-dollar deals and involvement in these big-ticket deals helped it occupy the top position by value. 'Meanwhile, Kirkland & Ellis was the top adviser by volume in H1 2024 and managed to retain its leadership position by this metric in H1 2025 as well.' In the value-based rankings, Paul Hastings secured second place with $5.3bn in advised deals, followed by Cravath Swaine & Moore at $4.9bn, Freshfields Bruckhaus Deringer at $4.2bn, and Skadden, Arps, Slate, Meagher & Flom at $3.5bn. For deal volume, Latham & Watkins occupied the second position with nine deals, followed by A&O Shearman with seven deals, and Skadden, Arps, Slate, Meagher & Flom and Jones Day with six deals each. GlobalData's league tables are based on the real-time tracking of thousands of company websites, advisory business websites, and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names. To ensure further robustness of the data, the company also seeks submissions of deals from leading advisers. "Davis Polk & Wardwell and Kirkland & Ellis top M&A legal advisers table in H1 2025" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-07-2025
- Business
- Yahoo
Paul Hastings, AZB & Partners lead M&A legal advisory in APAC for H1 2025
Paul Hastings and AZB & Partners have emerged as the foremost legal advisers in mergers and acquisitions (M&A) for the first half (HI) of 2025 in the Asia-Pacific (APAC) region, according to the latest league table from GlobalData, a data and analytics company. This ranking evaluates legal firms based on the value and volume of M&A transactions they have supported. GlobalData's deals database indicates that Paul Hastings secured the top spot in terms of deal value, advising on transactions amounting to $23.1bn. AZB & Partners led in deal volume, having advised 24 transactions. GlobalData lead analyst Aurojyoti Bose said: 'Paul Hastings was the clear winner by value, outpacing its peers by a significant margin. It was the only adviser to surpass $20bn mark in total deal value. Involvement in the $22.8bn deal for the acquisition of a majority stake in ports from CK Hutchison Holdings and Panama Ports by a consortium of investors played a pivotal role in Paul Hastings leading the chart by value. 'Meanwhile, AZB & Partners led by volume but faced close competition from TriLegal. AZB & Partners registered improvement in the total number of deals advised by it during H1 2025 compared to H1 2024. Resultantly, its ranking by volume also improved from the third position in H1 2024 to the top position in H1 2025.' According to the database, TriLegal secured the second position in terms of deal volume. While it advised on 24 deals, matching the number of deals handled by AZB & Partners, the total value of TriLegal's deals was lower. Khaitan & Co followed closely in third place, having advised on 20 deals. J Sagar Associates and Baker McKenzie took fourth and fifth spots with 14 and 12 deals, respectively. In terms of value, Clifford Chance claimed the second position, advising on $9.9bn worth of transactions. King & Wood Mallesons followed closely with $9bn, while Khaitan & Co and Sullivan & Cromwell reported values of $8.3bn and $8bn, respectively. GlobalData's league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names. To ensure further robustness to the data, the company also seeks submissions of deals from leading advisers. "Paul Hastings, AZB & Partners lead M&A legal advisory in APAC for H1 2025" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
27-06-2025
- Business
- Yahoo
Lottery.com Closes in on Legal Action Against Coordinated ‘Short and Distort' Campaign
FORT WORTH, Texas, June 27, 2025 (GLOBE NEWSWIRE) -- Inc. (NASDAQ: LTRY, LTRYW) (' or 'the Company'), a leading technology company transforming the intersection of gaming, sports and entertainment, today confirmed that it is nearing legal proof of a coordinated and unlawful 'short and distort' campaign targeting the Company. In collaboration with its legal counsel, Paul Hastings LLP, the Company is actively pursuing all individuals and entities engaged in market manipulation intended to damage the Company's share price and reputation. Christopher Gooding, Independent Director of and a member of the Audit Committee with responsibility for legal affairs, issued the following statement: 'There is no doubt that there is an orchestrated campaign against Lottery. The trading metrics and forensic data we have access to clearly indicate both classic 'short and distort' tactics, and more seriously, a significant volume of naked short selling — illegal trades not backed by actual share ownership. 'These actors fall into three categories: 'Aggressive and embittered insiders, who appear to be leveraging confidential or insider information from their historical relationships with for self-serving purposes. I outlined elements of these insiders to the judge in a Delaware action earlier this year; 'Professional short-sellers, aided and abetted by complicit brokers — some of whom are actively engineering mechanisms to facilitate, or are willfully ignoring, illegal naked short activity; and 'Opportunistic traders, influenced by blogs, shorting platforms, and 'pay-to-publish' media articles that amplify false and defamatory narratives. These clearly represent the 'distort' component of the campaign. Numerous cease-and-desist letters have already been issued.'Our message to these parties is unequivocal: We know who you are. We are rapidly securing irrefutable legal evidence of your involvement — including the brokers operating both in the U.S. and offshore in jurisdictions such as the Caribbean. We will pursue damages vigorously and refer the evidence to the appropriate regulatory authorities.'Your days are numbered. We will shut you down, and the financial penalties imposed will far exceed the unlawful profits you have sought to extract from our shareholders.' reiterates its commitment to protecting shareholder value, market integrity, and the long-term growth of its global operations. About The Inc. (NASDAQ: LTRY, LTRYW) family of brands — including Tinbu and WinTogether, comprise a unified ecosystem that integrates gaming, entertainment, and sports. Follow the Company on X, Instagram and Facebook. Forward-Looking Statements This press release contains statements that constitute 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company's strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words 'could,' 'should,' 'will,' 'may,' 'believe,' 'anticipate,' 'intend,' 'estimate,' 'expect,' 'project,' 'initiatives,' 'continue,' the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, expectations related to the investigation of short selling or potential naked short selling, including the Company's analysis, its ability to take appropriate corrective action, or any potential investigations by regulators; any future findings from ongoing review of the Company's internal accounting controls; additional examination of the preliminary conclusions of such review; the Company's ability to secure additional capital resources; the Company's ability to continue as a going concern; the Company's ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq; the Company's ability to regain compliance with the Bid Price Requirement; the Company's ability to regain compliance with Nasdaq Listing Rules; the Company's ability to become current with its SEC reports; and those additional risks and uncertainties discussed under the heading 'Risk Factors' in the Form 10-K/A filed by the Company with the SEC on April 22, 2025, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC's website at Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. This press release was published by a CLEAR® Verified individual. CONTACT: For more information, please visit or contact our media relations team at press@
Yahoo
26-06-2025
- Business
- Yahoo
Lottery.com regains Nasdaq compliance
(LTRY) received formal notice from The Nasdaq Stock Market confirming that the Company has regained compliance with Nasdaq Listing Rule 5450(a)(1), which requires a minimum bid price of $1.00. The Company met this requirement by maintaining a closing bid price of $1.00 or higher for twenty consecutive business days from May 21 through June 18, 2025. Nasdaq has officially closed the matter. This confirmation marks more than just a technical compliance milestone-it underscores the momentum has built in recent weeks. In the 20-day period leading up to regaining compliance with Rule, stock experienced exceptional market activity, with daily trading volumes frequently exceeding 30 million shares. On May 27, 2025, recorded trading volume of more than 166 million shares, ranking among the most actively traded stocks on Nasdaq that day. As part of this renewed momentum, the Company recently appointed actor and media executive Tamer Hassan as President of Studios, further strengthening its media and entertainment vertical. The Company also continues to work with legal advisors, including Paul Hastings LLP, in its investigation into suspected illegal short selling and is prepared to take legal action against any parties found to have manipulated its stock. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Disclaimer & DisclosureReport an Issue
Yahoo
10-06-2025
- Entertainment
- Yahoo
CAA Says It's Got Range On Camera In Trade-Secrets Theft & Talent-Poaching Suit; Uberagency Claims Rival Was 'Fully Aware Of The Legal Risk'
Range Media Partners' founders got caught with their sticky fingers in the CAA trade-secrets cookie jar, the Bryan Lourd-run uberagency claims in an amended complaint to its October 2024 lawsuit. Or put another another way: In the truest of Hollywood litigation tradition, CAA has uncovered what it believes is the smoking gun of smoking guns in the multi-tiered battle with former staffers now at the self-described management company. More from Deadline CAA Finally Goes After 'Unlawful' Range Media Partners For Stealing Confidential Agency Material & Being A Talent Agency In All But Name CAA Vs. Range Takes New Twists With Court Wins & Tactical Shifts As Arbitration Trial Set For Next Month 'The Righteous Gemstones' Edi Patterson Signs With Range Media Partners 'Newly uncovered video footage, documents, photographs, and secret Telegram chats reveal an extensive plot by Range's founders to steal from Creative Artists Agency, LLC, set up an illegal talent agency, and cover up its wrongdoing,' reads a heavily redacted amended complaint filed Monday in Los Angeles Superior Court by CAA's outside counsel at Paul Hastings. 'This is what we now know,' adds the complaint, which has grown from four to six claims. 'Driven by greed, hubris, the lure of shortcuts, and a willingness to betray trusting colleagues, a small group of then-current and former CAA agents in 2019 began plotting to leave CAA. Over the next months, they began stealing CAA's trade secrets, poaching talent and employees from CAA, designing and operating an unlicensed talent agency, and deliberately and systematically destroying evidence of Range's scheme [redacted].' 'They adopted spy-novel tropes to hide their plan,' CAA alleges of Range's founders — former CAA and eOne exec Peter Micelli, and CAA talent agents Jack Whigham, Michael Cooper, Mick Sullivan and Dave Bugliari — and what ends they went to in order to get their hands on CAA's crown jewels of strategy, technique and of course clients – big clients. 'They used tools to avoid detection and eliminate digital fingerprints, fully aware of the legal risk. Encrypted ephemeral messaging was used to hide their illegal acts, including Signal, WhatsApp, and Telegram. They secured and used 'alternate' and 'burner' cell phones.' If this all sounds a bit like teenagers planning a banger of a weekend glamping in the mountains, you are picking up what the parental CAA is saying. Only here, capturing the interest and ambitions of the shifting agency world, the stakes might be a little higher than who brought the edibles and the WiFi hot spot. 'This conduct is illegal under multiple California laws, compelling CAA to take this action,' the suit reads. Today's filing comes almost a full five years after Micelli, Whigham, Cooper, Sullivan and Bugliari were among the well-connected core group that founded Range with big-bucks backing from hedge-fund kingpin and now New York Mets owner Steve Cohen. It also comes about nine months after the Artemis-owned CAA placed its initial complaint in the court docket to put what it calls Range's 'business model' of 'pursuit of unlawful profit through deception' under the legal and ethical microscope. What was allegedly stolen from CAA, according to CAA, was a lot. In a footnote in today's filing, there is a list: The trade secrets implicated here, at minimum, include the following materials: the confidential client and revenue lists that Whigham sent to his personal email address in March and June 2020; the hundreds of pages of confidential meeting notes that Sullivan sent to his personal email on his way out the door at CAA; the Open Directing Assignment and Open Casting Assignment 'grids' that Employee-1 obtained from CAA in August 2020; the client 'rundowns' that Sullivan sent to himself in August 2020; the highly confidential watermarked meeting information that Cooper's assistant emailed to her personal email account and then to her Range account and/or uploaded to Dropbox; certain confidential or watermarked scripts, and the highly confidential information [Bugliari's assistant] Wandling received from Employee-1 via Telegram and email. A preliminary list of these trade secret materials is attached as Appendix A. All of these documents contain nonpublic confidential information, gathered at significant expense from countless agents, executives, and employees in various roles at CAA. These materials, often watermarked because of their sensitivity, are not distributed to those outside the company and CAA takes additional measures to keep that information within CAA for the benefit of CAA. Frustratingly, the last line of this juicy footnote is redacted. Monday's filing adds two new claims, with a Violation of California Uniform Trade Secrets Act and Violations of California Penal Code Section 502(c) now in the mix for the various unspecified damages over $25,000 that CAA is seeking along with injunctive relief that essentially is intended to bring death by defenestration to the currently expanding Range. Like when CAA's suit was first filed last year, representatives from Range did not respond to Deadline's request for comment on the latest filing. This legal action is separate from the closed-door arbitration over equity going on simultaneously between the players here. CAA's main outside attorney had even more to say than what was in its filing Monday. 'As CAA's new complaint details: for months when they knew they were leaving CAA, multiple Range founders stole valuable information from CAA,' Bo Pearl told Deadline today. 'They took the hard work of CAA colleagues to accelerate Range and lure clients, all while being paid by CAA,' the Paul Hastings partner added. 'Despite Range's many attempts to rewrite history and the hubris to believe that laws don't apply to it, the evidence of Range's wrongdoing is crystal clear. Recently recovered emails, messages, photos, and videos reveal the depths of the deception. The Range founders' public pronouncements of righteousness and innocence are undercut by their every action, which will be laid bare in court.' That sounds like some serious smokin' in the boys room. 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