The dual-track exit process—where the company files for an IPO but also pursues an outright sale—is back in style for private equity firms as initial public offerings have again become a viable option after years of financial-crisis malaise. The recent pickup in U.S. dual-track pursuits has been Continue Reading
FDA Guidelines Suggest High Bar for Generic Versions of Biologic Drugs
As more modern drugs are created by biologic, rather than chemical, means, a set of proposed guidelines from the U.S. Food and Drug Administration this week suggests that making cheaper generic versions of those biologic drugs will be a lot more difficult. Maria Zacharakis, a partner at Boston Continue Reading
Selling the Company? Some Considerations for Directors
A heads-up to directors considering whether to sell the company: Recent Delaware court decisions have demonstrated the potential perils of passively following the advice of financial advisers, particularly where the adviser may have conflicted interests. Here are some key takeaways. Continue Reading
NJ Could Flex Land-Use Muscle to Kill LG’s Palisades Plan
Proposed New Jersey legislation that would block LG Electronics USA Inc.'s $300 million headquarters plans near the Palisades by retroactively restricting new building heights is sure to be challenged if it ever becomes law, but could withstand court scrutiny given the state's broad land use powers. Continue Reading
Social Media A Big Headache For More GCs
Social media has become a headache for more general counsel, with one in five companies saying they had to preserve data from an employee's social media account in 2013. In the 10th annual Norton Rose Fulbright Annual Litigation Trends Survey, 20 percent of respondents said their company had to Continue Reading
Why US REITs Flock to Maryland
Earlier this week Reven Housing REIT announced it was no longer a Colorado company. It had become, like so many other REITs before it, a Maryland corporation.The move is hardly a surprise. Most REITs are registered in Maryland because of the state's comprehensive legal framework written specifically Continue Reading
A Guide to Hiring – Do’s and Don’ts from Leading New Jersey Employment Lawyers
If you're ready to hire, congratulations. That's good news for your company, the people you hire and the economy. Before bringing in candidates, its a good idea to make sure you understand the pitfalls in the interviewing process. There are questions you can ask and questions that can put you in the Continue Reading
Bankruptcy Beat Blog: An Inside Look at Companies in Trouble
A group of lawyers and marketing professionals had a tough nut to crack: how to drum up interest in an abandoned power plant in Hawaii that can turn macadamia shells into energy. The lawyers are hoping that a multimillion-dollar offer comes in before today’s bid deadline after months of looking Continue Reading
Client-Rich Market Propels 14 NJ Firms Into Law360 400
McCarter & English’s status as New Jersey’s oldest firm, the largest firm in the U.S. with New Jersey roots, and a regional leader are highlighted in this article, which examines the 14 firms with New Jersey presences that are among the nation’s 400 largest. Mike Kelly notes our growing Continue Reading
Surge of Appeals Stalling System
With many types of commercial real estate still reeling from the downturn, New Jersey faces a tidal wave of property tax appeals from thousands of weary, often cash-strapped building owners across the state. And it's only likely to get worse. Frank Ferruggia, a McCarter & English attorney who Continue Reading