Week Ahead in Mergers and Acquisitions: Sept. 13, 2021

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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.

Monday September 13th

11 am The American Bar Association is holding an event titled “Provisional Injunction Issued: The New Jersey Hospital Merger” to analyze an August federal court ruling in New Jersey regarding the proposed merger of Hackensack Meridian Health and Englewood Healthcare Temporarily block foundation. The webinar will be moderated by Peter Mucchetti from Clifford Chance. Panelists include John Carroll of Sheppard Mullin; Tasneem Chipty from AlixPartners; and Gail Levine from Mayer Brown. For further information, click here.

Tuesday September 14th

10:00 a.m. – Vice Chancellor Sam Glasscock III will chair a personal hearing in Georgetown, Delaware to determine whether to approve a final settlement of $ 825,000 in Minerva Group LP’s lawsuit involving Orbit / FR Inc . is accused of taking the remaining stake in the company in an unfair transaction. Orbit shareholder Minerva says the settlement is the additional consideration investors should have received as part of the 2018 buyout. Microwave Vision SA, the parent company, has denied wrongdoing.

The case is In re Orbit / FR Inc Stockholder Litigation, Delaware Court of Chancery, No. 2018-0340. For Minerva Group LP: Donald Enright and Elizabeth Tripodi from Levi & Korsinsky. For Orbit / FR Inc: Henry Gallagher Jr. and Shaun Michael Kelly of Connolly Gallagher.

12 noon – The ABA and the Law Society of England and Wales will jointly host a webinar to discuss US and UK merger control regulations and the most common issues arising from countries’ merger review procedures. The event will be moderated by Jamie Sadler from Sidley Austin. Panelists include Rita Sinkfield Belin of Skadden, Arps, Slate, Meagher & Flom, and Stephen Smith of Bristows. For further information, click here.

Wednesday September 15th

11:10 a.m. – A Chinese company that has agreed to sell hotel owner Strategic Hotels & Resorts LLC for $ 5.8 billion is about to ask the Delaware Supreme Court to revive its lawsuit in hopes of the Forcing buyers to close the deal. The buyer, a subsidiary of the South Korean financial services company Mirae Asset Financial Group, argues that the lower court rightly ruled that the hotel seller has violated the agreement and gives the buyer the right to withdraw from the deal.

The case is AB Stable VIII LLC v MAPS Hotels and Resorts One LLC, Delaware Supreme Court, No. 71-2021. For AB Stable: Theodore Mirvis, William Savitt, Sarah Eddy and Ryan McLeod from Wachtell, Lipton, Rosen & Katz. For MAPS: Kathleen Sullivan, Michael Carlinsky and William Adams by Quinn Emanuel Urquhart & Sullivan; and Kap-You Kim from Peter & Kim Lawyers.

11:30 am – The New York State Bar Association is hosting a webinar where Melissa Stubenberg of Richards Layton & Finger will discuss the latest developments in Delaware law regarding limited liability companies and limited partnerships. For further information, click here.

Thursday, September 16

9:30 a.m. – Vice Chancellor Sam Glasscock III will be hearing in Georgetown, Delaware, in Georgetown, Delaware, on the lawsuit by fuel pipeline company The Williams Cos that accuses Energy Transfer of its approximately $ 33 billion to have violated a serious merger agreement. Energy Transfer says the deal failed because of a tax issue that nobody knew about when the deal was signed.

The case is The Williams Cos. Inc. v Energy Transfer Equity LP et al., Delaware Court of Chancery, No. 12168 and 12337. For The Williams Cos: Antony Ryan, Kevin Orsini and Michael Addis of Cravath, Swaine & Moore. For energy transfer: Michael Holmes, John Wander and Craig Zieminski from Vinson & Elkins.

Friday 17th September

11:30 a.m. – Manhattan District Judge Jed Rakoff will chair an initial conference for Nimbus Therapeutics LLC’s antitrust lawsuit alleging Celgene Corp of violating a drug co-manufacture agreement when Celgene agreed to join Merge Bristol-Myers Squibb Co for $ 74 billion. Nimbus says the companies are developing a drug to compete with Bristol-Myers Squibb. Celgene and Bristol-Myers Squibb have yet to respond to the allegations.

The case is Nimbus Therapeutics, LLC et al. v Celgene Corporation et al, US District Court for the Southern District of New York, No. 1: 21-cv-06850. For Nimbus: Arman Oruc, Jeffrey Simes and Andrew Lacy from Goodwin Procter. Information on an attorney for Celgene was not immediately available.

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

(Update: This story has been updated to include an additional trial scheduled for Tuesday September 14th.)

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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