Entries tagged "court ruling"
A federal appeals court Tuesday morning reversed a lower court ruling that allowed Whole Foods Markets Inc. to consummate its acquisition of Wild Oats Market Inc., and it told the court to review the Federal Trade Commission's case to assess what the appropriate next step should be. The result, according to a concurring opinion in the case, could be anything from unwinding the deal or enjoining further integration of the two companies. This move is a shot in the arm for the FTC's merger lawyers, who have not won a litigated merger case in district court for several years. -...
A federal judge in West Virginia Friday ruled that the Justice Department's sole case against a merger -- one between rival newspapers in an Appalachian city -- will proceed. It's good news for litigators in the antitrust division, which have been waiting for a year. The case, launched last May, seeks to unwind a merger combining two newspapers, The Charleston Gazette and Charleston Daily Mail. ...
The Delaware Court of Chancery ruled late Friday in favor of Barry Diller's IAC/InterActiveCorp, thus denying efforts of John Malone's Liberty Media Corp. to block the spinoff of four IAC units as separate companies....
A U.S. federal judge has temporarily blocked Douglas Sharon, an executive director of Bear Stearns Cos. private client services group in Boston, from leaving his position to start in a position at Morgan Stanley because he failed to give 90-days notice, according to Reuters. Sharon, who had worked for Bear for 20 years, supposedly copied legal documents and was recruiting clients and colleagues to follow him. Sharon quit on March 17, 2008, before J.P. Morgan & Chase Co. increased it's bid for Bear Stearns to $10 per share. - Maria Woehr ...
