Client Alert - Gibson Dunn

Client Alert

2014 Antitrust Merger Enforcement Update and Outlook

Over the past year, merger enforcement has continued to be a top priority for antitrust and competition authorities around the world. In the United States, there is new leadership at the helm of the Federal Trade Commission ("FTC") and Department of Justice, Antitrust Division ("DOJ").

March 21, 2014

M&A Report – When the Contractual Rubber Meets the Statutory Road: Drafting Contractual Survival Provisions in Light of State Law Statutes of Limitations

Acquisition agreements typically contain provisions purporting to set the period in which the parties can make post-closing claims arising under the agreement.  For example, an agreement might provide that most representations and warranties "survive" for one year after the closing, while claims for breaches of certain "fundamental" representations and warranties "survive" indefinitely or forever.  Although practitioners typically draft these so-called "contractual survival provisions" without reference to applicable laws, such laws, and in particular laws concerning the statute of limitations, can have a significant effect on how courts will interpret such provisions.  We examine below how the laws of Delaware can affect contractual s

March 20, 2014

To Pay Or Not To Pay Witnesses?

Denver partner Robert Blume and associate Jason Stavers are the authors of "To Pay Or Not To Pay Witnesses?" [PDF] published by Law Week Colorado on March 20, 2014.

March 20, 2014

Fracking Ban Will Have Consequences

Los Angeles partner Jeffrey Dintzer and associate Matthew Wickersham are the authors of “Fracking Ban Will Have Consequences” [PDF] published in the March 19, 2014 issue of the Daily Journal.

March 19, 2014

U.S. Commerce Department Announces Plan to Accelerate Transition to Private Management of the Domain Name System

On March 14, 2014, the United States Department of Commerce announced that it is asking the Internet Corporation for Assigned Names and Numbers ("ICANN") to begin discussions on a transition proposal for replacing the Department with a non-governmental entity to serve as steward of the Internet's Domain Name System ("DNS").

March 18, 2014

President Obama Signs Executive Order Blocking Property of Additional Persons Contributing to the Situation in Ukraine and Designates Russian and Former Ukrainian Officials

In continued response to the ongoing crisis in Ukraine, on March 17, 2014, President Obama signed an Executive Order "Blocking Property of Additional Persons Contributing to the Situation in Ukraine." ("Second Ukraine E.O." or "E.O.").  The text of the E.O.

March 18, 2014

Delaware Supreme Court Affirms Roadmap for Business Judgment Review in Going-Private Merger Transactions

On March 14, 2014, the Supreme Court of Delaware handed down an important decision in Kahn, et al., v. M&F Worldwide Corp., et al., No. 334, 2013 (Del.

March 17, 2014

Emerging from EGC Status: Transition Periods for Former EGC Issuers to Comply with Reporting and Corporate Governance Requirements

Nearly two years ago, on April 5, 2012, President Obama signed the Jumpstart Our Business Startups Act ("JOBS Act") into law. As part of the law's effort to encourage U.S.

March 12, 2014

Semiconductor Birth Defect Cases Keep Unraveling In Del.

Los Angeles partners Patrick Dennis and Perlette Michèle Jura and associate Beth Coombs are the authors of "Semiconductor Birth Defect Cases Keep Unraveling In Del." [PDF] published by Law360 on March 12, 2014 at www.law360.com.

March 12, 2014

President Obama Signs Executive Order Targeting Persons Threatening Peace, Sovereignty, and Territorial Integrity of Ukraine; European Union Sanctions Former Ukrainian Leaders

In response to the ongoing crisis in Ukraine, on March 6, 2014, President Obama signed an Executive Order "Blocking Property of Certain Persons Contributing to the Situation in Ukraine" ("Ukraine E.O." or "E.O.").  The text of the E.O.

March 10, 2014

Court of Appeal Affirms Order Vacating Multi-Million Dollar Judgment Against Dole Food Company and Dismissing Case Due to Plaintiffs’ Attorney-Driven Fraud

On Friday, March 7, 2014, the California Court of Appeal in Los Angeles unanimously affirmed dismissal of a case against Gibson Dunn client Dole Food Company as a "fraud on the court" perpetrated by U.S.

March 10, 2014

The Winds of Investigation Are Blowing in D.C. – Are You Prepared??

The winds of investigation are blowing in Washington D.C.As you all know, in response to the record cold in the eastern United States, natural gas prices soared over the past few months.

March 7, 2014

Sarbanes-Oxley and Dodd-Frank Whistleblower Claims After Lawson v. FMR LLC

This past Tuesday, March 4, the Supreme Court issued its first decision interpreting the "whistleblower" protection provision of the Sarbanes-Oxley Act of 2002 ("SOX").  In Lawson v. FMR LLC, No.

March 5, 2014

Chevron Wins Major Civil RICO Trial Victory Against Purveyors of Corrupt $9.2 Billion Ecuadorian Judgment

On March 4, 2014, Judge Lewis A. Kaplan of the United States District Court for the Southern District of New York entered judgment for plaintiff Chevron in Chevron Corp.

March 5, 2014

National Security Implications of Foreign Investment in U.S. Government Contractors Edition/II

Washington, D.C. partners Joseph West and Judith Lee, New York partner Jose Fernandez, and Washington, D.C. associates Annie Yan and Sarah Gleich are the authors of "National Security Implications of Foreign Investment in U.S.

March 3, 2014

Around the World: Clash of the Sanctions

Washington, D.C. partner Judith Lee, London partner Patrick Doris and London associate Mark Handley are the authors of “Around the World: Clash of the Sanctions” [PDF] published in the March 2014 issue of the LexisNexis Antitrust Report.

March 3, 2014

U.S. Supreme Court Allows State-Law Securities Class Actions to Proceed

On February 26, 2014, the Supreme Court decided Chadbourne & Parke LLP v. Troice, 571 U.S. ___ (2014), ruling by a 7-2 vote that the Securities Litigation Uniform Standards Act of 1998 ("SLUSA") does not bar state-law securities class actions in which the plaintiffs allege that they purchased uncovered securities that the defendants misrepresented were backed by covered securities.

February 28, 2014

There’s No Harm In Asking For Harm Post-Spokeo

Orange County partner Joshua Jessen and Los Angeles associate Nathaniel Bach are the authors of "There's No Harm In Asking For Harm Post-Spokeo" [PDF] published by Law360 on February 27, 2014 at www.law360.com.

February 27, 2014

Farewell to National Treatment: The Federal Reserve’s Section 165 Rule for Foreign Banks

On February 18th, the Board of Governors of the Federal Reserve System (Federal Reserve) voted unanimously to approve a final rule (Final Rule) implementing the enhanced prudential standards contained in Section 165 of the Dodd-Frank Act.

February 24, 2014

NIST Debuts Cybersecurity Framework

New York partner Alexander Southwell and associate Stephenie Handler are the authors of "NIST Debuts Cybersecurity Framework" [PDF] published in the February 20, 2014 issue of ALM's Law Technology News.

February 20, 2014