On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted inShareholders’ Rights on Tuesday, June 14, 2011. A lawsuit on behalf of the shareholders of Yahoo was recently filed in a California court. Yahoo is accused of making false and misleading statements regarding Yahoo’s business prospects in violation of its shareholders’ rights and federal securities...
Historic California Winery Acquired by Luxury Wine Brand
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation on Friday, June 3, 2011. Luxury wine brand Crimson Wine Group has recently acquired an historic Sonoma winery, Seghesio Family Vineyards. The winery is one of the oldest family-owned California wineries, established in 1895, and is famous for its California Zinfandel. Although specific...
California State Regulators May Look Into AT&T T-Mobile Deal
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Tuesday, May 31, 2011. The acquisition of T-Mobile by AT&T is not yet a done deal, as far as regulators are concerned. The latest development is that California state regulators may move to examine the $39 billion deal. If California does open...
Companies Want Shareholder Lawsuits Heard in Delaware
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Tuesday, May 24, 2011. Many public companies in California and across the country are trying to move shareholder lawsuits into one jurisdiction: Delaware. Companies are trying to rein in litigation and have all investor lawsuits tried in corporate-friendly Delaware instead of in...
California Companies Symantec and Clearwell to Merge
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Thursday, May 19, 2011. California-based Symantec Corporation announced today that it has reached an agreement to acquire Clearwell Systems, Inc., which is also based in California. Symantec is an online security company that provides systems management, storage and security for its customers. Clearwell is a leader in...
$752 Million Contract Dispute Between Marathon Oil and Noble
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Wednesday, May 11, 2011. A massive contract dispute has emerged between Marathon Oil and Noble Corporation. Noble is the second-largest offshore oil rig contractor, and it is suing Marathon over the cancellation of a $752 million contract for an oil rig. The contract was...
Supreme Ct. Overrules California Ct. on Arbitration in Contracts
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Monday, May 2, 2011. Last week, the U.S. Supreme Court overruled a California court that had said that corporations could not force consumers into resolving disputes in arbitration by using arbitration clauses in contracts. The Supreme Court said in a 5-4 decision...
American Medical Systems to be Acquired for $2.9 Billion Cash
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Wednesday, April 13, 2011. The acquisition of American Medical Systems by Endo Pharmaceuticals was announced Monday, in an all-cash deal valued at $2.9 billion. The surprise announcement sent shares of American Medical up 32% on Wall Street. The acquisition gives Endo American Medical’s market-leading...
Decline in New Business Formation Is Hurting the Job Market
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Thursday, March 31, 2011. Recently a branch of the Federal Reserve Bank issued a paper that showed a steep decline in entrepreneurship over the last several years. The Fed found that the number of businesses with employees went down dramatically. The number...