News Legal Market

  • United States
  • 05/09/2017
  • Bloomberg Law
  • Anthem Inc. is making another push to salvage its $48 billion merger with Cigna Corp. by asking a Delaware judge to extend an order blocking its would-be partner from pulling out of the deal. (Bloomberg via BLB)
  • Plantronics, a California company that manufactures telephone headsets, may soon be barred from doing business with the federal government, less than one year after a judge imposed $3 million in “punitive” sanctions on the company for discovery violations. An attorney in New York who specializes in e-discovery, called the Plantronics’ case one of the “most significant” discovery sanctions’ cases in recent years. (BLB)
  • White & Case and U.K. firm Freshfields Bruckhaus Deringer have won top roles in an 800 million pound ($1.03 billion) London listing of Alfa Financial Software. (The Lawyer)
  • Last week the federal government settled money laundering-related civil charges with the former chief compliance officer at MoneyGram International Inc., Thomas Haider. The deal, which requires Haider to pay a $250,000 civil penalty and accept a three-year bar on acting as a compliance employee at a money transmitter, has banks and other financial institutions wondering about its impact on their efforts to hire compliance staff. (Corporate Counsel)
  • California’s legislature has added a month to its contract with Covington & Burling for advice on the state’s efforts to challenge Trump administration policies. (The Recorder)
  • Pershing Square Capital Management CEO Bill Ackman may have thought he was rid of Valeant Pharmaceuticals International Inc. when he dumped his shares in Valeant in March. But Ackman finds himself co-defendant with the company in a $2 billion class-action lawsuit brought in December 2014 by former investors in Botox-maker Allergan Inc. (Bloomberg)
  • A former Nomura Holdings Inc. bond trader testified in a federal courtroom in Connecticut that colleagues trained him to lie to customers shortly after he came to the company. (Bloomberg)