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Transactional
Lumen Technologies Initiates Consent Solicitation for Transaction Support Agreement
Lumen Technologies, Inc., a leading global provider of integrated network solutions, has embarked on a significant endeavor aimed at streamlining its operations and facilitating strategic transactions. On March 8, 2024, the company initiated a consent solicitation process to amend specific indentures of the company and its subsidiaries...
Litigation
House Democrats Call on Biden to Preserve Delta-Aeromexico Partnership
Fifteen Hispanic House Democrats have united in a bid to advocate for the continuation of the longstanding collaboration between Delta Air Lines and Grupo Aeromexico SAB, Mexico’s leading carrier. The coalition of lawmakers is urging the Biden administration to reconsider its decision to terminate the partnership, citing concerns over potential job losses and adverse impacts on air travel connectivity between the United States and Mexico...
Policy
Landmark Court Decision Challenges Corporate Control Dynamics
A recent court ruling involving investment bank Moelis & Co. has brought attention to the practice of granting significant authority to a company's financial backers through shareholder agreements, marking a pivotal moment in corporate governance. The decision, made by a Delaware judge, invalidated a substantial portion of an agreement between Moelis & Co and its billionaire founder, Kenneth Moelis...
Features
Zoom Appoints Cheree McAlpine as Chief Legal Officer Amid Leadership Transition
Zoom Video Communications Inc, a prominent player in the video-conferencing technology sector, has announced the appointment of Cheree McAlpine as its new chief legal officer. McAlpine's tenure begins nearly four years after the former top lawyer, Aparna Bawa, was promoted to chief operating officer...