Auction

Cap and Trade Auction Results Are In!

by Vidhya Prabhakaran | Davis Wright Tremaine LLP on 5/22/2013

Every allowance that was offered in the auction was sold at a settlement price of $14.00 per allowance. The highest bid price was $50.01 with the mean bid price $16.67 and the median bid price $13.49. In total, the 2013...more

California Environmental Law and Policy Update - May 9, 2013

by David D. Cooke, Emily L. Murray, Sandi L. Nichols | Allen Matkins Leck Gamble Mallory & Natsis... on 5/10/2013

Environmental and Policy Focus - Gov. Brown joins move to rewrite California's Prop. 65 - The Sacramento Bee - May 7: Gov. Jerry Brown is throwing his weight behind a push to update Proposition 65, California's defense...more

Myanmar - New round of auctions for offshore oil and gas blocks: Baker & McKenzie

by John Mollard, David Ryan, Melinda Tun | Baker & McKenzie Australia on 5/9/2013

Introduction - The Myanmar Ministry of Energy (Ministry) has commenced an auction for 30 oil and gas blocks in the Myanmar offshore areas. The auction invites bids for 11 shallow water blocks and 19 deep water blocks,...more

Criminal Antitrust Update - April 2013

by Andrew Friedman, Hannibal G. Williams II Kemerer | Patton Boggs LLP on 5/6/2013

INDUSTRY SCORECARD - E-books: Macmillan has become the latest and final major e-book publisher to resolve price-fixing allegations by the DOJ Antitrust Division (the “Division”)...more

EU Rejects Suspension of Auctions of EU Allowances; California Air Resources Board Formally Approves Linkage with Quebec

by Eric E. Freedman, Mariah Kennedy, Fiona Melville | K&L Gates LLP on 4/25/2013

On April 16, 2013 the members of the European Parliament voted 334-315 against the proposal of the European Union (EU) Commission to suspend future auctions of EU emission trading scheme (EU ETS) allowances until 2019 in...more

Using Recievers to Collect Judgments Against Intellectual Property Assets

by Peter Davidson | Ervin Cohen & Jessup LLP on 4/24/2013

I have been asked to be a receiver to help collect a judgment. The judgment debtor has intellectual property assets. Plaintiff’s counsel has asked me how hard it will be to get me appointed and if I would be able to sell the...more

California Environmental Law and Policy Update - April 11, 2013

by David D. Cooke, Emily L. Murray, Sandi L. Nichols | Allen Matkins Leck Gamble Mallory & Natsis... on 4/16/2013

Environmental and Policy Focus - ..Court rules CEQA streamlining provision unconstitutional: CourtHouse News - Apr 3 - A section of a California law aimed at streamlining construction projects by moving...more

Telecommunications Regulatory Update – March 2013: Baker & McKenzie

by Patrick Fair, James Halliday, Anne Petterd, Penny Ward | Baker & McKenzie Australia on 4/12/2013

Single compliance mark commences - The single regulatory compliance mark (RCM) scheme began on 1 March 2013. This begins a 3 year transitional period with compulsory A-tick and C-tick marks being phased out by 1 March...more

7th Circuit Holds Successor Liable for FLSA Claims, Despite Buyer’s Disclaimer

by Leo Crowley, Thomas N. Makris, Alexander Parachini, Paula Weber | Pillsbury Winthrop Shaw Pittman LLP on 4/12/2013

In Teed v. Thomas & Betts Power Solutions, LLC, the 7th Circuit in an opinion written by Judge Posner held that, absent a good reason to withhold liability, a purchaser of assets was subject to successor liability for Fair...more

Successor Liability Under The FLSA: Seventh Circuit Holds Purchaser Of Assets From Receiver Of Company Which Had Violated FLSA...

by M. Reid Estes, Jr., Daniel Gosch | Dickinson Wright on 4/11/2013

In a case which is sure to complicate the sale of companies (or discrete divisions thereof) and have widespread influence in other Circuits, the Seventh Circuit recently held that a company which acquired the assets (not...more

Second Circuit Rules That Putative Auction Rate Securities Class Action Complaints Failed to Adequately Plead Antitrust Conspiracy

by Rena Andoh | Sheppard Mullin Richter & Hampton LLP on 3/14/2013

In Mayor and City Council of Baltimore v. Citigroup, Inc., No. 10-0722-cv(L) and 10-0867-cv(CON), 2013 WL 791397 (2d Cir. Mar. 5, 2013), the United States Court of Appeals for the Second Circuit upheld the dismissal of two...more

Maryland’s Highest Court Holds Auctions That Charge Admission Fee Are Private Sales

by BuckleySandler LLP on 3/13/2013

On March 1, the Court of Appeals of Maryland, answering a question of law certified to it by the U.S. Court of Appeals for the Fourth Circuit, held that the sale of repossessed automobiles at an auction where individuals had...more

Gallagher v. Long, C.A. No. 8181-CS (Del. Ch. Feb. 28, 2013) (Strine, C.)

by Potter Anderson & Corroon LLP on 3/13/2013

In this letter opinion, the Delaware Court of Chancery granted a motion to dismiss a breach of fiduciary duty claim under the doctrine of laches and rejected motions for oral argument and to recuse Chancellor Leo Strine....more

Investor Files Suit Against Nationstar Over Mortgage Auctions

by Orrick - Structured Finance Group on 3/13/2013

On March 7, KIRP, LLC sued Texas-based mortgage servicer Nationstar Mortgage LLC in the Supreme Court of the State of New York in connection with Nationstar’s alleged improper conduct in servicing mortgage loans that are...more

Industry Canada Releases Its Licensing Framework For Mobile Broadband Services (MBS)

by Stephen Zolf | Heenan Blaikie LLP on 3/12/2013

Industry Canada has issued its licensing framework for the Mobile Broadband Services (MBS) 700 MHz Band. The release of the framework follows the consultation process undertaken by the Department in April of 2012. The ...more

Know Your Remedy: ICANN’s New gTLD Objection Procedure and String Contention Auctions

by BakerHostetler on 3/11/2013

Last month we wrote about ICANN’s new gTLD objection procedure. Another aspect of the procedure is the possibility that disputing parties could be forced into an auction for the right to operate their applied-for gTLDs....more

Industry Canada Makes Significant Announcements Impacting the Wireless Industry

by Matthew Anderson, Michelle Lally | Osler, Hoskin & Harcourt LLP on 3/8/2013

On March 7, 2013, Industry Minister Christian Paradis made a number of significant announcements impacting the wireless industry in Canada “to increase competition in the wireless sector, providing Canadians with more choices...more

Rogers Towers: New Equity Auctions

by Jacob J. Payne | Rogers Towers on 3/7/2013

Seventh Circuit holds that new equity in a Chapter 11 debtor must be auctioned…and that a creditor may credit bid. In a Chapter 11 bankruptcy, if the debtor’s owners want to continue to own the debtor after...more

Castleton Ruling Fortifies 7th Circ. Pro-Creditor Trend

by Rena Kelley, Jay M. Sakalo | Bilzin Sumberg Baena Price & Axelrod LLP on 2/25/2013

Originally published in Law360, February 22, 2013. As real estate markets continue to rebound, owners of single asset real estate properties are increasingly incentivized to devise bankruptcy strategies that allow them...more

"Don't Ask, Don't Waive" Standstill Provisions: Impermissible Limitation on Director Fiduciary Obligations or Legitimate,...

by David DiDonato, Janine Salomone, Peter Walsh | Potter Anderson & Corroon LLP on 2/5/2013

Under Revlon and its progeny, directors of Delaware corporations have a duty to take reasonable steps to ensure that stockholders receive the highest price reasonably available in a sale of the company. One way that target...more

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