Frenzy of Media and Telecom Deals on the Horizon?

  • United States
  • 05/08/2017
  • Bloomberg Law
  • Sinclair Broadcast Group Inc.’s $3.9 billion deal to swallow Tribune Media Co. marks the first in what’s expected to be a frenzy of media and telecom dealmaking under the looser regulatory climate of the Trump administration. (Bloomberg) Sinclair has benefited greatly from the FCC under its Republican chairman, Ajit Pai. (Recode)
  • Dewey & LeBoeuf’s former finance chief Joel Sanders faces as many as four years behind bars after a Manhattan jury convicted him of defrauding the firm’s investors before it went bankrupt in May 2012. But the jury cleared Dewey’s ex-executive director Stephen DiCarmine of charges. (Bloomberg via BLB) The second Dewey trial got less attention than the first, which ended in mistrial in 2015. (New York Times DealBook) After about three months of trial, the jury of eight women and four men took five days of deliberations to find Sanders guilty of scheme to defraud, securities fraud and conspiracy, while finding DiCarmine not guilty on the same charges. (New York Law Journal)
  • President Donald Trump moved to shift the nation’s judiciary to the right by announcing 10 conservative nominees to federal appeals courts. (Bloomberg) Trump’s first wave of appellate nominees seem to come straight from the same “Federalist Society playbook” that gave him Neil Gorsuch, his successful choice for the Supreme Court. (Bloomberg View)
  • The top 50 U.S. law firms in London are worth a collective $4.6 billion, according to a report. (The Lawyer)
  • Upstate New York-based attorney recruiting firm BarkerGilmore said it is launching a consultancy arm, staffed by a dozen former general counsel and chief compliance officers, mostly from Fortune 500 companies. (BLB)
  • California firm Irell & Manella hired back Jason Linder, a former federal foreign bribery and securities fraud prosecutor, to lead a global investigations team in a move to strengthen its white collar defense services. Linder earlier spent five years at the firm as an associate. (BLB)
  • The University of Cincinnati settled its dispute with College of Law dean Jennifer Bard, who sued the school after being placed on administrative leave. Under the deal, Bard will take two years academic leave at full salary and be able to return to her tenured faculty position at the school, as well as her appointment at the UC School of Medicine, in the academic year 2019-2020, according to a release. (ABA Journal)
  • Tiffany Trump has decided to study law at Georgetown University Law Center starting next semester. Here’s a quick look at law school choices made by children of U.S. presidents since 1900. (Law.com)