Latest news with #LathamWatkins
Yahoo
2 days ago
- Business
- Yahoo
Tapestry Completes Sale of Stuart Weitzman Brand to Caleres
Tapestry Inc. (NYSE:TPR) is one of the best performing S&P 500 stocks to buy now. On August 4, Tapestry announced the completion of the sale of its Stuart Weitzman brand to Caleres. The sale was first announced previously, but the finalization makes Stuart Weitzman a part of Caleres's portfolio of consumer footwear brands. During the transaction, Tapestry was advised by Morgan Stanley & Co. LLC as its financial advisor and Latham & Watkins LLP as its legal advisor. On the other side, Caleres was advised by BofA Securities as its financial advisor and BCLP (Bryan Cave Leighton Paisner) as its legal advisor. A close-up of diverse group of people wearing the company's small leather goods. With this sale, Tapestry's brand portfolio now includes Coach and Kate Spade New York, while Caleres's brands include Famous Footwear, Sam Edelman, Allen Edmonds, Naturalizer, and Vionic, among others. Stuart Weitzman has been a New York City-based luxury footwear brand since 1986. Caleres is a company with a history of more than 140 years in craftsmanship. Tapestry Inc. (NYSE:TPR) provides luxury accessories and branded lifestyle products in North America, Greater China, the rest of Asia, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. While we acknowledge the potential of TPR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
24-07-2025
- Business
- Yahoo
White & Case and Kirkland & Ellis are top M&A legal advisers H1 2025
In the competitive landscape of mergers and acquisitions within the power sector, White & Case has emerged as the leading legal adviser by deal value during the first half (H1) of 2025 according to the latest legal advisers league table by leading data and analytics company GlobalData. An analysis of GlobalData's deals database indicates that White & Case secured top position in deal value, advising on transactions worth $36.8bn. Kirkland & Ellis claimed the highest in terms of deal volume, alongside Latham & Watkins and CMS, each handling 14 deals. GlobalData lead analyst Aurojyoti Bose comments: 'Interestingly, White & Case and Kirkland & Ellis showcase a lot of similarities. Both held the fourth position by value and volume, respectively, in H1 2024 and their rankings jumped to the top spot by these metrics in H1 2025. Moreover, White & Case and Kirkland & Ellis showed improvement in the value and volume of deals advised by them in H1 2025 compared to H1 2024, respectively. 'Another similarity is that they both had double-digit deal volumes and some of which were big-ticket deals. During H1 2025, White & Case advised on four billion-dollar deals* that also included two mega deals valued more than $10 billion, while Kirkland & Ellis advised on the same number of billion-dollar deals and mega deals. Resultantly, Kirkland & Ellis, apart from leading by volume, also held the second position by value in H1 2025.' Kirkland & Ellis also secured second place by value, advising on deals amounting to $32.6bn. Gibson Dunn & Crutcher followed closely with advisories on deals valued at $28.1bn. Latham & Watkins took fourth place by value with their involvement in $22.3bn worth of deals. Debevoise & Plimpton, together with Fried, Frank, Harris, Shriver & Jacobson, held joint fifth position by advising on deals totalling $16.4bn. White & Case also featured among those leading by volume with their contribution to 13 deals within the period, while Cuatrecasas rounded out the list, advising on 12 deals. "White & Case and Kirkland & Ellis are top M&A legal advisers H1 2025" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
23-07-2025
- Business
- Yahoo
Kirkland & Ellis and Latham & Watkins lead H1 2025 retail M&A legal advisers rankings
Kirkland & Ellis and Latham & Watkins have led the mergers and acquisitions (M&A) legal advisers rankings in the retail sector by deal value and volume, respectively, for the first half (H1) of 2025, according to the latest league table from data and analytics company GlobalData. On GlobalData's deals database, Kirkland & Ellis secured the top position by value, with $33.5bn in advised deals. Latham & Watkins topped by volume with advisory on seven deals. GlobalData lead analyst Aurojyoti Bose stated: 'Both Kirkland & Ellis and Latham & Watkins did not even feature among the top advisers by value and volume, respectively, in H1 2024. However, in H1 2025, they not only registered year-on-year improvement in the total value and volume of deals advised by them but also managed to top the charts by these metrics. 'Apart from leading by value, Kirkland & Ellis also occupied the third position by volume in H1 2025. Similarly, Latham & Watkins, which led by volume, also held the eighth position by value during the same period.' Ropes & Gray followed closely in the value category, advising on deals amounting to $29.2bn. It was followed by Skadden, Arps, Slate, Meagher & Flom with $26.2bn, Davis Polk & Wardwell with $24.9bn, and Hengeler Mueller with $23.7bn in advised deal values. In the volume category, Paul, Weiss, Rifkind, Wharton & Garrison also advised on seven deals, matching Latham & Watkins but with lower total deal value. Kirkland & Ellis advised on six deals, the same number as CMS. Skadden, Arps, Slate, Meagher & Flom rounded out the top five with four deals. GlobalData's league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names. To further ensure the robustness of the data, the company also seeks submissions of deals from leading advisers. "Kirkland & Ellis and Latham & Watkins lead H1 2025 retail M&A legal advisers rankings" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
22-07-2025
- Business
- Yahoo
Davis Polk & Wardwell and Kirkland & Ellis top M&A legal advisers table in H1 2025
Davis Polk & Wardwell and Kirkland & Ellis have emerged as the top mergers and acquisitions (M&A) legal advisers in the consumer sector for the first half (H1) of 2025, in terms of value and volume, respectively, according to the latest legal advisers league table by GlobalData. Davis Polk & Wardwell ranked first by deal value, overseeing transactions totalling $7.2bn while Kirkland & Ellis led by deal volume, advising on ten transactions. GlobalData lead analyst Aurojyoti Bose said: 'Interestingly, Davis Polk & Wardwell did not even feature among the top ten by value in H1 2024 but managed to lead by this metric in H1 2025. "Both the deals advised by Davis Polk & Wardwell during H1 2025 were billion-dollar deals and involvement in these big-ticket deals helped it occupy the top position by value. 'Meanwhile, Kirkland & Ellis was the top adviser by volume in H1 2024 and managed to retain its leadership position by this metric in H1 2025 as well.' In the value-based rankings, Paul Hastings secured second place with $5.3bn in advised deals, followed by Cravath Swaine & Moore at $4.9bn, Freshfields Bruckhaus Deringer at $4.2bn, and Skadden, Arps, Slate, Meagher & Flom at $3.5bn. For deal volume, Latham & Watkins occupied the second position with nine deals, followed by A&O Shearman with seven deals, and Skadden, Arps, Slate, Meagher & Flom and Jones Day with six deals each. GlobalData's league tables are based on the real-time tracking of thousands of company websites, advisory business websites, and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names. To ensure further robustness of the data, the company also seeks submissions of deals from leading advisers. "Davis Polk & Wardwell and Kirkland & Ellis top M&A legal advisers table in H1 2025" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
16-07-2025
- Business
- Reuters
As class action trial looms, Meta and Flo could face 'mind-boggling' damages
July 15 (Reuters) - It's hard to imagine more intimate queries than those that fertility tracking app Flo allegedly asked its users. Among them: When was your last period? How often do you have sex? Masturbate? Do you get yeast infections? As app maker Flo Health and co-defendant Meta are set to face a class action trial in San Francisco federal court next week for allegedly violating the privacy of millions of Flo users, the question now is whether the companies will cut a deal or risk what Flo on appeal, opens new tab termed "mind-boggling" damages. Litigators sometimes bandy about the phrase 'bet-the-company case,' but this could be the real thing. Facebook parent Meta is defending against claims of violating the California Invasion of Privacy Act, which carries statutory penalties of $5,000 per violation. That would add up to at least $190 billion in damages if, as plaintiffs have previously suggested, opens new tab, there are 38 million class members. If each app entry is treated as a separate violation, total damages could be quadrillions of dollars — "a sum so large it may as well be infinite," as Flo put it. A spokesperson for Meta, which is represented by outside counsel from Latham & Watkins and Gibson, Dunn & Crutcher, said the plaintiffs' claims against the company "are simply false, and we are confident that the evidence at trial will demonstrate the realities." Flo, represented by Dechert, separately is dealing with claims including violations of California's Confidentiality of Medical Information Act, which carries penalties of $1,000 per violation. A spokesperson for the London-based, privately held company said Flo "is committed to protecting the privacy of its users, and any allegation otherwise has no merit." The companies have argued that Flo's privacy disclosures gave users notice of the alleged misconduct and that they impliedly consented, that the shared data did not contain personally identifying information and that Meta never 'intended' to intercept communications. According to the Meta spokesperson, the company does 'not want health or other sensitive information' and its terms 'prohibit developers from sending any.' Google, which was also named in the suit, reached a settlement in principle last week on as-yet undisclosed terms. A Google spokesperson did not respond to my request for comment. Given the risk of outsized verdicts (even those that don't involve 16 figures), class actions rarely go to trial. For example, Google last month took a chance on one involving cellular phone data, only to be hit with a $314 million verdict by a California jury on July 1. The Flo plaintiffs invoke California's 1967 invasion of privacy law, a Cold War relic that makes it illegal to covertly eavesdrop or record telephone conversations. As I previously wrote, the cause of action has enjoyed a resurgence of late among plaintiffs' lawyers, especially in connection with the use of chatbots, tracking pixels and other data analytics software. The Flo jury trial, set for July 21 before U.S. District Judge James Donato, looms as current and former Meta leaders face an $8 billion shareholder suit in Delaware that kicks off Wednesday. The shareholders allege Meta executives violated a 2012 agreement between Facebook and the Federal Trade Commission to protect users' data, my Reuters colleague Tom Hals reports. The Flo class action also has its roots in an FTC case. The agency sued Flo, opens new tab after The Wall Street Journal in 2019 reported that it was able to intercept identifying health information about Flo users transmitted by the app to Facebook. The FTC's 2021 settlement required Flo to obtain users' consent before sharing their health information and to notify affected women about the disclosure. According to the follow-on class action, opens new tab, which covers all Flo app users nationwide from Nov. 1, 2016, to Feb. 28, 2019, plus a California subclass, Flo integrated code from Meta and Google's software development kits, which are used for data analytics, into its app. That allegedly allowed the companies to review personal information on users' menstrual cycles, sex lives and pregnancies, despite promises by Flo that the data would remain confidential. The third parties were "were free to use this data for their own purposes," including marketing and advertising, the complaint alleges. "If Plaintiff and Class members had known that Flo Health would share their intimate health data, they would not have used the Flo App." Plaintiffs' lawyers from Labaton Keller Sucharow; Lowey Dannenberg and Spector Roseman & Kodroff did not respond to requests for comment. Donato certified the class in May, writing, opens new tab that the 'loss of control over one's personal information' is a concrete harm, "whether from stealing access to a personal diary in 1916 or obtaining user information in a healthcare app in 2016.' The decision prompted an interlocutory appeal, opens new tab in June by Flo to the 9th U.S. Circuit Court of Appeals. Flo argued that Donato wrongly held that the company's class action waiver was unenforceable. The judge deemed the provision unconscionable because it was buried in Flo's terms of service. Flo also argued that the company's use of the software development kits is 'a practice as unremarkable as it is widespread,' and that it disclosed using the kits in its privacy policy and terms of service. Flo also said the transmitted data was de-identified, consisting of alphanumeric strings corresponding to the device on which the app was used. The appeals court in six-sentence order, opens new tab on June 17 denied Flo's petition and declined to stay the lower court proceedings. 'Cases of this magnitude almost never proceed to trial,' Flo noted in its appeal, describing the 'hydraulic pressure' to settle. I can only imagine. But if it does indeed go to trial, all I can say is, pass the popcorn.
