article thumbnail

PE-owned Hearthside files for bankruptcy after debt struggles

Private Equity Wire

Hearthside, which produces a range of food products including frozen burritos and crackers, filed in a Texas court on Friday, listing assets and liabilities between $1bn and $10bn. In response, Hearthside hired KPMG and law firm Paul Weiss, Rifkind Wharton & Garrison to assess and improve its labour practices.

Debt 97
article thumbnail

The law firm vs the crypto billionaire

Financial Times M&A

Plus, SoftBank ends its whirlwind romance with THG and 3M turns to Big Law to tackle its liabilities

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Are M&A Deal Parties Turning Away from Reps & Warranties Insurance? 

Private Equity Professional

a huge increase in post-closing indemnification claims for breach of the no undisclosed liabilities seller representation [8] ). Before joining SRSAcquiom, Kip was an attorney with a Denver-based boutique business law firm where he assisted clients with M&A transactions as well as general corporate governance and securities matters.

article thumbnail

First Solar (FSLR) Q3 2024 Earnings Call Transcript

The Motley Fool

Decrease in net sales was driven by a 12% decrease in the volume of megawatts sold and the aforementioned increase in our Series 7 product warranty liability, partly offset by expected payments associated with contract terminations in the U.S., Have you fully remediated the backdrop here around the $50 million warranty liability?

Taxes 246
article thumbnail

Why GSK Stock Rocketed Nearly 6% Skyward on Wednesday

The Motley Fool

GSK announced Wednesday that it has agreed to a settlement with 10 plaintiffs' law firms representing around 80,000 Zantac cases -- 93% of the total number. Not admitting liability At one point, the heavily marketed Zantac was the best-selling drug in the world. billion to resolve all of those cases. First approved in the U.S.

Law Firms 100
article thumbnail

Ropes & Gray’s latest Partner promotions include several PE lawyers

Private Equity Wire

Global law firm Ropes & Gray has named 12 of its existing attorneys as the firm’s latest Partners, effective 1 November, including several whose practices cater for private equity and other private credit and private fund clients.

article thumbnail

C3.ai (AI) Q3 2024 Earnings Call Transcript

The Motley Fool

Another example, DLA Piper, a global law firm pioneering technology innovation in the legal sector, worked with C3 AI to create a first-of-kind generative AI application to streamline the analysis of complex legal agreements. Another reason why these LLMs are not being installed has to do with IP liability.