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 cancelled in January when Marathon […]
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 that corporations could use the […]
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 medical devices that treat pelvic […]
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 of businesses with employees is […]
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Tuesday, March 15, 2011. The Carlyle Group, the private equity giant, has just announced a five billion dollar joint venture that will buy shipping vessels and related assets in China. The other parties to the deal are Tiger Group Investments, Washington Family, the Seaspan Corporation and Seaspan executives Gerry Wang and Graham Porter. Carlyle is […]
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Saturday, March 5, 2011. In 2009, Ideation Acquisition entered into a merger agreement with SearchMedia Holdings Ltd. The agreement was worth more than $175 million. After the merger went through, SearchMedia reported that it would need to restate its 2007 and 2008 financial statements: the previous statements were no […]