The Delaware Court of Chancery issued an important victory to HSW in the firm’s ongoing action against BuzzFeed, striking down the media company’s second attempt to prevent a group of former employees from arbitrating their claims stemming from its initial public offering. Partners Joseph Gallagher, Yonaton Aronoff and Jonathan Harris represent more than 40 former BuzzFeed employees who allege they were wrongfully locked out of selling their shares (causing them to suffer millions of dollars in losses) after the company went public via a SPAC transaction in late 2021. HSW brought the former employees’ claims in arbitration and BuzzFeed Inc. (NASDAQ: BZFD) filed suit in Delaware court to stop the arbitration. This latest gambit by BuzzFeed was its second attempt to force HSW’s clients to sue in Delaware. But the Chancery Court rejected BuzzFeed’s arguments, agreeing with HSW that only an arbitrator can decide where the suit belongs. A similar group of former BuzzFeed employees are represented by The Galbraith Law Firm and O'Brien LLP, and both groups are represented jointly by Bailey & Glasser, LLP in Delaware #Arbitration #IPO #SPAC
Harris St. Laurent & Wechsler LLP’s Post
More Relevant Posts
-
Spear’s Top Recommended Lawyer | M&A| Corporate | International Network Lead | GGI Member
I'm pleased to have had another chat with Meera Shah, Head of M&A at Buzzacott Corporate Finance. In this podcast we quickly run through some of the key issues around heads of terms when selling your business, including some important practical issues to keep in mind. #KingsleyNapley #Corporate #MandA #MergerAndAcquisition #BusinessTransactions #termsheet #headsofterms
In the collaborative series with Buzzacott Corporate Finance, understanding the key concepts of M&A transactions, this third session explores the topic “Heads of Terms: A Critical Opportunity to Set Expectations.” John Young, Partner at Kingsley Napley, and Meera Shah, Head of M&A at Buzzacott Corporate Finance, discuss why heads of terms play a pivotal role in the sale of a business and some of the key issues for parties to address at the outset to make sure the transaction progresses smoothly. https://lnkd.in/ehpibse9 #KingsleyNapley #Corporate #Headofterms #MandA #MergerAndAcquisition #BusinessTransactions
John Young meets Meera Shah: Head of Terms: A critical opportunity to set expectations | KN Talks | Kingsley Napley | Independent Law Firm of the Year 2022
kingsleynapley.co.uk
-
In the News: Antitrust Issues To Watch In Sports Giants' Streaming Venture 🌟 Discover the latest in the world of Corporate Law! Check out this insightful piece. 💡🌍 Few details were provided in last week's announcement of a joint venture under which ESPN, Fox and Warner Bros. Discovery will combine their vast live sports portfolios into a single app. But as the companies work out the details of a project they hope to roll out this autumn, one thing is clear: The Justice Department is almost certain to take a look. 🔗 [Learn more: https://lnkd.in/e5zwCxkh] #Legal #Corporate #Business #Law
-
-
Sharing Senior Attorney Match’s Infographic: Coming to a Theater Near You: The Future of Bus. Dev. for Law Firms Post-2020. As this Infographic shows, Blockbuster Video wound-up filing for bankruptcy by 2010 while Netflix has continued its growth and expansion during today’s age of streaming entertainment from anywhere and everywhere. As this Infographic also shows, the ongoing shift of today’s would-be clients to search for lawyers digitally means that those lawyers and law firms that maintain a website only approach to digital marketing will attract less clients. As Senior Attorney Match’s Jeremy E. Poock, Esq. explains, the writing is on the wall that Senior Attorneys have the following 2 options: 1. Adopt Multi-Channel Digital Marketing to attract new clients digitally . . . which most Senior Attorneys will not adopt; or 2. Consider joining Growing Law Firms that continue to want and need the Books of Business that today’s Senior Attorneys have developed over the course of their careers. Link to subscribe to The Law Firm Seller YouTube Channel: https://lnkd.in/e23R_fzE #lawyers #trialattorneys #lawfirms #successionplanning #attorneys #justice #Legal #Legalmarketing #attorney #legalnews
-
In the News: Audacy Abandons BMI Merger Suit With $25.4M Stock Deal 🌟 Discover the latest in the world of Corporate Law! Check out this insightful piece. 💡🌍 Audacy Inc. has agreed to drop a potential shareholder lawsuit over performing rights company Broadcast Music Inc.'s sale to an investor group in exchange for at least $25.4 million in stock under a settlement approved by a Texas bankruptcy judge on Monday. 🔗 [Learn more: https://lnkd.in/eeWw4GmQ] #Legal #Corporate #Business #Law
-
-
Brand owners and law firm leaders offer their top tips for cost-effective enforcement, long-lasting licensing agreements and combatting social media fraud, at this year’s WTR Live: Brand Strategy Summit Europe. More via WTR: https://hubs.la/Q02qg9TH0 #trademarklaw #brandprotection #iplaw
-
In one form or another, Randa Soudah has been part of Paramount for the past twenty-two years. Whether it was Viacom, CBS, or Paramount, the current SVP and associate general counsel has helped guide her company through multiple mergers, acquisitions, expansions, and evolutions. Currently, she and her team provide employment legal support for CBS Studios, CBS News and Stations, CBS Sports, and Paramount Global’s streaming business. The employment and litigation expert is still slightly astounded—even after two decades—at finding herself at one of the largest entertainment conglomerates in the world. #ModernCounselMag #WorkingWednesday #Litigation #EmploymentLaw #LegalIndustry #LegalProfessionals
Randa Soudah Finds New Ways to Grow - Modern Counsel
https://modern-counsel.com
-
In the collaborative series with Buzzacott Corporate Finance, understanding the key concepts of M&A transactions, this third session explores the topic “Heads of Terms: A Critical Opportunity to Set Expectations.” John Young, Partner at Kingsley Napley, and Meera Shah, Head of M&A at Buzzacott Corporate Finance, discuss why heads of terms play a pivotal role in the sale of a business and some of the key issues for parties to address at the outset to make sure the transaction progresses smoothly. https://lnkd.in/ehpibse9 #KingsleyNapley #Corporate #Headofterms #MandA #MergerAndAcquisition #BusinessTransactions
John Young meets Meera Shah: Head of Terms: A critical opportunity to set expectations | KN Talks | Kingsley Napley | Independent Law Firm of the Year 2022
kingsleynapley.co.uk
-
We often focus on the negative impacts of social media… But what about the positive ones? 📱 Just like any industry, the legal world constantly provides interesting and developing news stories This past week, Robert Freund broke down a false advertising class action lawsuit Taco Bell is facing: https://lnkd.in/eDVrsf_u 🌮 And Yediel Kadosh offered his opinion on possible legal liability for Cardi B after throwing her microphone at the crowd: https://lnkd.in/edTKzJ7v 🎤 Both Rob and Yediel embody the not-so-secret blueprint to grow online: > Consistently add value < It’s not like they just decided to wake up one day, comment on a trending legal topic, and reach millions of people They’ve both been consistently posting about their legal niche for several months and built a loyal following It’s been said that content either needs to educate OR entertain… But as Rob and Yediel demonstrate… why not both? 🤔 P.S. I genuinely cannot wait to see the ultimate results for both of these lawsuits #socialmedia #lawyer #attorney #entrepreneur #legal
-
-
Congratulations to 11 of our lawyers who have been appointed to Law360's 2024 Editorial Advisory Boards, including my corporate and finance colleagues, M&A partners Adrienne Ellman and Niki Roberts, and private equity partners Michael Kuh and Todd Schwartz. In this role, they will apply their deep experience and knowledge to support Law360's legal news and analysis content. Learn more here: https://lnkd.in/gZBQjK36 #Law360 #Editorial #LegalNews #Corporate #MergersAndAcquisitions #PrivateEquity
