Week Ahead in Mergers and Acquisitions: Sept. 7, 2021

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(Reuters) – Here are some upcoming events of interest to the M&A legal community. Unless otherwise stated, all on-site times apply and court appointments are virtual due to the COVID-19 pandemic.

Wednesday September 8th

1:30 p.m. – Shareholder Representative Services, on behalf of HealthSun health insurance company salespeople, is to ask Chancellor Kathaleen McCormick of Wilmington, Delaware, to approve her motion for a summary judgment of a lawsuit accusing Anthem Inc of preventing the release of escrow funds. The sellers say they should have received the money as part of Anthem’s acquisition of HealthSun. Anthem denies the allegations.

The case is Shareholder Representative Serv LLC v ATH Holding Company LLC, Delaware Court of Chancery, No. 2020-0443. For SRS: A. Thompson Bayliss of Abrams & Bayliss. For ATH Holding Co: Glenn Kurtz from White & Case.

Thursday September 9th

10:00 a.m. – The Securities and Exchange Commission’s Investor Advisory Committee will meet publicly to discuss various matters, including its recommendations that the regulator enforce stricter disclosure rules for commercial purpose companies and produce a report that those involved in the development of the companies should People analyzed. For further information, click here.

2:00 p.m. – Investment firm Coventry Capital will ask Judge Sarah Cave in Manhattan to compel investment firm EEA Inc to produce certain documents as part of Coventry Capital’s lawsuit accusing EEA of negotiating the sale of a portfolio of Undermine life insurance policies. EEA has denied the allegations. Coventry Capital had attempted to purchase life insurance policies from an EEA portfolio with net death benefits worth approximately $ 459 million.

The case is Coventry Capital US LLC v EEA Life Settlements Inc. et al., US District Court for the Southern District of New York, No. 1: 17-cv-07417. For Coventry Capital: Kenneth Brown of Williams & Connolly. For EWR Life Settlements: Karl Geercken from Alston & Bird.

Friday September 10th

9:15 am – During a face-to-face hearing in Wilmington, Delaware, the board of Twitter Inc. will ask Vice Chancellor J. Travis Laster to dismiss a shareholder’s derivatives lawsuit alleging the board has a “fundamentally unreasonable” investment of US $ 1 billion -Dollars from private individuals accepted public company Silver Lale Partners to avoid conflict with an activist shareholder. Twitter’s board of directors has denied wrongdoing, saying the investment has “very competitive terms”.

The case is Orlando Police Pension Fund v Jack Dorsey et al., Delaware Court of Chancery, No. 2021-0041. For Orlando Police Pension Fund: Adam Warden and Sara DiLeo from Saxena White. For the Twitter board: Jonathan Youngwood and Janet Gochman of Simpson Thacher & Bartlett.

Do you know of an event that could be included in Week Ahead in M&A? Contact Sierra Jackson at sierra.jackson@thomsonreuters.com

Sierra Jackson

Sierra Jackson reports on legal matters relating to major mergers and acquisitions, including deal work, litigation, and regulatory changes. You can reach them at sierra.jackson@thomsonreuters.com

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