The Motley Fool

MARCH 7, 2024

Ripple executives say they may end up paying $200 million in legal fees to defend the company, and the fees will continue to mount for the foreseeable future. So you're probably thinking: But didn't XRP win a major legal victory against the SEC last summer? That should be an obvious red flag. Image source: Getty Images.

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The Motley Fool

APRIL 11, 2024

Since the release of the Surgeon General's report on smoking 60 years ago, usage has declined and tobacco companies like Altria had to pay out hundreds of billions of dollars in legal settlements. Consequently, the total number of cigarettes shipped, which was almost 110 billion in 2018, fell to just over 76 billion in 2023.

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The Motley Fool

SEPTEMBER 10, 2024

With sports betting now legal in 38 states, it's easy to presume DraftKings ' (NASDAQ: DKNG) highest-growth era is in the past. More states are apt to legalize sports-based wagering, but that could take more time and effort than was needed to get the first 38 on board. Supreme Court lifted the federal ban on sports betting in 2018.

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The Motley Fool

JULY 20, 2024

But the real turning point came in 2018, when the industrial giant's legal and regulatory headwinds started to pick up. The problems 3M has faced The big negatives surrounding 3M are in the legal and regulatory spheres. Since that high-water mark, the stock price has been cut in half. Let's take a look.

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Private Equity Insights

NOVEMBER 10, 2023

Inflexion bought the legal ranking and insights business in March 2018, in what City A.M. Inflexion has been ramping up activity in the legal space as recently it revealed that it was buying the majority of magic circle firm Allen & Overy’s legal risk management business. Inflexion has been contacted for comment.

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The Motley Fool

FEBRUARY 3, 2024

More sports-betting legalization is on the way Certainly much of DraftKings' 75% revenue growth through the first three quarters of last year is organic growth. But much of this growth can also be attributed to the fact that a number of states officially legalized sports betting in 2023. Here's a look at the three top reasons why.

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The Motley Fool

FEBRUARY 8, 2024

Supreme Court ruled against the ban in May 2018, giving states the power to decide if they want to legalize and regulate sports betting in their respective jurisdictions. have legalized sports betting to some degree. Some states' plans for legalizing sports betting seem well underway, while a few have made little progress.

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The Motley Fool

NOVEMBER 2, 2024

There are still many states that have yet to legalize sports betting When the U.S. Supreme Court first announced that states would have the authority to regulate sports betting on their own, only a few states had some form of legalized sports betting. Since June 2018, states have collected over $6.3

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The Motley Fool

AUGUST 29, 2023

Lawsuits surrounding the defective earplugs have hampered 3M for years but picked up steam in 2018 when a whistleblower complaint alleged that the company knew that the earplugs didn't work properly but concealed that fact from the military. The stock closed up 5.3% on Monday on the news. Image source: 3M. Is the saga finally over?

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The Motley Fool

OCTOBER 7, 2024

We're still early in the sports betting world It wasn't until May 2018 that the U.S. Supreme Court gave states the freedom to decide how and if they'd legalize and regulate sports betting. The good news, though, is that it looks like a bargain for long-term investors. Since then, the number of U.S.

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Earnings Before Interest Amortization Depreciation Legal 244

Private Equity Wire

NOVEMBER 13, 2024

According to a press statement, Stonepeak’s credit division, which has been active in private and secondary infrastructure investments since 2018, aims to leverage Boundary Street’s expertise to support companies in digital infrastructure, cloud services, and technology-driven sectors.

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Capital Legal Leveraging Finance 98

Private Equity Insights

AUGUST 16, 2023

The deal marks a win for private equity firm Rhone Capital, which took Fogo de Chão private for $560m in 2018. Kirkland & Ellis served as legal counsel to Bain. Morgan Stanley & Co LLC is serving as financial adviser to Fogo de Chão and Rhône, while Sullivan & Cromwell served as legal counsel.

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The Motley Fool

DECEMBER 14, 2023

Going even further back in time, the all-time high for XRP is just $3.84, and that occurred back in January 2018. Earlier this year, XRP won a major legal battle, and it looked like the scales of justice had tipped in XRP's favor. At the same time, of course, Bitcoin was cruising to an all-time high of $69,000.

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The Motley Fool

MAY 1, 2024

First things first: In 2018, the U.S. In terms of population, well over 200 million Americans can now place legal sports bets in their home state. In other words, there are still well over 80 million Americans who cannot legally place a sports bet in their home state. Supreme Court struck down a federal ban on sports betting.

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Private Equity Insights

AUGUST 30, 2024

We’ve had a fantastic partnership with Stonepeak and IMCO since 2018 along with our other investors, and we extend our gratitude to them for their unwavering support. Simpson Thacher & Bartlett LLP and Campbell Lutyens acted respectively as legal counsel and financial advisor to Stonepeak.

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Private Equity Insights

AUGUST 30, 2024

We’ve had a fantastic partnership with Stonepeak and IMCO since 2018 along with our other investors, and we extend our gratitude to them for their unwavering support. Simpson Thacher & Bartlett LLP and Campbell Lutyens acted respectively as legal counsel and financial advisor to Stonepeak.

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Private Equity Professional

OCTOBER 1, 2024

The firm was founded in January 2018 by ex-Gores Group professionals Jon Gimbel and Anthony Guagliano and ex-OpenGate professional Desmond Nugent. Park Hill Group was the placement agent for Fund II and Kirkland & Ellis provided legal services. © 2024 Private Equity Professional | October 2, 2024

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The Motley Fool

DECEMBER 10, 2023

A starting shot signaled the beginning of a long race on May 14, 2018. Supreme Court ended the federal ban on sports gambling , allowing states to decide for themselves whether to make sports gambling legal for their residents. These numbers don't factor in momentum around sports betting legalization in new markets either.

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The Motley Fool

APRIL 5, 2024

Ripple (CRYPTO: XRP) currently sits 85% below its peak price, which was set in January 2018. Its legal battles aren't finished yet. Legal troubles could also be why XRP has fallen 7% this year (as of April 4). The bullish sentiment has lifted Bitcoin to near all-time highs. Not all cryptocurrencies are benefiting as much.

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The Motley Fool

OCTOBER 20, 2024

But it currently is 86% off its peak from January 2018. This could be the beginning of years of legal battles, adding lots of uncertainty. But there are under-the-radar digital assets to also be mindful of, such as XRP (CRYPTO: XRP). This innovative cryptocurrency has performed well since its inception more than a decade ago.

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Private Equity Professional

OCTOBER 16, 2024

The firm’s inaugural institutional fund, Mill Point Capital Partners LP , closed at its hard cap of $450 million in May 2018. Asante Capital Group Advisors served as the placement agent for this fundraise, and Kirkland & Ellis provided legal services. © 2024 Private Equity Professional | October 16, 2024

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Private Equity Wire

SEPTEMBER 13, 2024

Toronto based Sedgwick, which all has an office in New York, was valued at $6.7bn when Carlyle made its initial investment in the firm in 2018. LLC and BofA Securities served as financial advisors and Latham & Watkins LLP served as legal advisor to Sedgwick. Morgan Stanley & Co.

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The Motley Fool

JANUARY 20, 2024

With that as background, it seems reasonable that 3M's stock is down nearly 60% from its 2018 highs. So what would it take for this industrial giant to get back to the price levels it was at in early 2018? There's a huge amount of uncertainty around how much the legal problems are going to cost 3M. MMM data by YCharts.

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The Motley Fool

JULY 26, 2023

That debate is now over, and Altria and other cigarette companies have paid large legal settlements over the years. Metric 2018 2019 2020 2021 2022 Percentage decline in cigarette volume (5.8%) (7.3%) (0.4%) (7.5%) (9.7%) Data source: Altria. billion cigarettes in 2018 to 84.7 Image source: Getty Images. billion and 65.5

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The Motley Fool

MARCH 20, 2024

Since the 2018 Supreme Court ruling that paved the way for legalized sports betting in the United States, sportsbooks in the 38 states where wagering is legal have generated over $24 billion in revenue, according to The Motley Fool's research. Plus, states that have legalized sports betting have received $4.33

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Companies Legal Taxes Returns 100

The Motley Fool

JULY 18, 2024

A legalization domino effect could expand its total address market When the U.S. Supreme Court ruled in May 2018 that states could decide if and how to regulate sports betting, only five states had legalized it: Delaware, Nevada, New Jersey, Mississippi, and West Virginia. As of today, that number has jumped to 27.

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The Motley Fool

SEPTEMBER 22, 2023

In 2018, the U.S. Supreme Court made federal sports betting legal in its Murphy vs. NCAA case. sports betting is still in the early stages While the Supreme Court's decision made sports betting legal on the federal level, each state dictates whether they'll allow it. allow some form of legalized sports betting.

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The Motley Fool

SEPTEMBER 13, 2024

from January 2018, and is currently trading for a paltry $0.56. So here's the big picture: If XRP can put its legal and regulatory headaches behind it once and for all, it can get back to business as usual. XRP has never come close to returning to its all-time high of $3.84 And that's when the price of XRP could really take off.

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Securities and Exchange Commission (SEC) Initial Public Offering Legal Financial Institutions 208

The Motley Fool

MARCH 25, 2024

That wave is legalized sports betting. Prior to 2018, gamblers could only legally wager on sports in a handful of states, such as Nevada. Supreme Court legalized sports betting in 2018, dozens of states have passed laws permitting the practice. What I like about DraftKings is that it is riding an unstoppable wave.

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Private Equity Wire

APRIL 25, 2024

Vestar led a recapitalisation of Information Resources, Circana’s predecessor, with IR’s original control shareholder, New Mountain Capital (NMC) in 2018. Evercore and Jefferies served as financial advisors and Kirkland & Ellis served as legal advisor to Vestar.

Private Equity Firms 98

Private Equity Firms Private Equity Firms Legal Stakes 98

The Motley Fool

SEPTEMBER 17, 2023

In 2018, Bayer, known mostly for its pharmaceutical business, purchased Monsanto, the makers of the weed-killer Roundup and Roundup-resistant soybean seeds. I'll See You in Court: The rivalry also has spurred legal action. So you really want to be the company selling soy seeds to farmers.

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Conglomerates Legal Companies Investing 244

Private Equity Wire

OCTOBER 30, 2024

Since 2018, bebe stores has owned the intellectual property assets and Bluestar has managed the bebe and Brookstone brands. Weil, Gotshal & Manges will serve as legal counsel to Hilco Global, Milbank will serve as legal counsel to TPG Angelo Gordon, and King & Spalding and Cooley LLP will serve as legal counsel to Bluestar.

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The Motley Fool

SEPTEMBER 23, 2024

Ares Capital Ares Capital is a business development company ( BDC ), which means it can legally avoid paying income taxes by distributing nearly all its profit to shareholders as a dividend. It's been able to maintain or raise its payout since beginning a dividend program in 2011, with a brief exception in 2018.

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The Motley Fool

MARCH 22, 2024

Supreme Court lifted the federal ban on sports wagering back in 2018, DraftKings was already well-positioned to capitalize on the new opportunity. Since then, 38 states have legalized sports betting of one sort or another. billion last year, versus 2018's mere $226 million. And it's still not turning an annual profit.

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Legal Earnings Before Interest Amortization Depreciation 130

The Motley Fool

MAY 18, 2024

In states where it's legal to do so, its app and website allow consumers to place various wagers on a wide range of sporting events. Supreme Court lifted the federal sports-betting ban in just 2018. The legalization movement is gaining traction, though. Simply put, DraftKings is a sports-betting stock.

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Legal Prospects Stakes Shareholders 245

The Motley Fool

JANUARY 4, 2024

Share prices of industrial giant 3M (NYSE: MMM) are down more than 50% from their 2018 highs. Numerous issues have led to this decline, but the really big ones involve legal issues. The other headwind for the stock has been legal. First, it will protect the division from the legal issues facing the rest of the company.

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The Motley Fool

MARCH 7, 2024

Supreme Court paved the way for states to legalize and regulate sports betting in May 2018, momentum has been growing. When the Supreme Court made its decision, five states had legalized sports betting. If you're looking for a good buy within an emerging bull market , here are three reasons to look no further.

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Legal Taxes Returns Capital 130