Upcoming M&A Week: June 28, 2021

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(Reuters) – Here are some upcoming events of interest to the M&A legal community. Unless otherwise specified, all times are local and court appearances are virtual due to the COVID-19 pandemic.

Monday June 28

12:00 p.m. – The American Bar Association will host a webinar titled ‘Meet the Enforcers with Commissioner Reiko Aoki’, where Japanese Fair Trade Commissioner Reiko Aoki will discuss recent trends related to merger control and companies abusing their position during the process negotiation. The event will be moderated by Ninette Dodoo from Freshfields Bruckhaus Deringer and Duy Pham from the Hong Kong Competition Commission. Click here.

Tuesday June 29

1:00 p.m. – The Brazilian-American investment company 3G Capital Inc, majority shareholder of Kraft Heinz Co, urge Vice-Chancellor Lori Will has dismissed a derivative lawsuit brought by minority investors in the food giant. The suit accused Executives at 3G and Kraft Heinz urged “cost-cutting” measures that led to the company’s decline after the $ 46 billion merger of HJ Heinz Co and Kraft Foods Group Inc. 3G and appointed members of the board denied wrongdoing.

The case is In Re Kraft Heinz Co Derivative, Delaware Court of Chancery, No. 2019-0587. For the complainants: Eduard Korsinsky and Gregory Nespole of Levi & Korsinsky; Jeffrey Abraham and Mitchell Twersky from Abraham, Fruchter & Twersky; Joel Friedlander and Jeffrey Gorris of Friedlander & Gorris; and P. Bradford deLeeuw of deLeeuw Law. For 3G: Sandra Goldstein and Stefan Atkinson from Kirkland & Ellis; and Michael Pittenger and Jacqueline Rogers of Potter Anderson & Corroon.

Wednesday June 30

12:45 p.m. – Investment firm Brookfield Asset Management Inc urge the Delaware Supreme Court to dismiss a lawsuit brought by former shareholders of TerraForm Power Inc challenging the asset manager’s purchase of $ 650 million of shares in the renewable energy company. Brookfield said the lower court should have dismissed the lawsuit because shareholders lacked standing to bring their claims.

The case is Brookfield Asset Management Inc. v. Rosson, Delaware Supreme Court, No. 406.2020. For Brookfield: John Neuwirth, Stefania Venezia and Amanda Pooler from Weil, Gotshal & Manges; and Kevin Abrams of Abrams & Bayliss. For the respondents: Steven Purcell and Douglas Julie of Purcell Julie & Lefkowitz; Jeremy Friedman and David Tejtel of Friedman Oster & Tejtel; Ned Weinberger of Labaton Sucharow; and Peter Andrews and Craig Springer of Andrews & Springer.

1:00 p.m. – ABA will host an event titled “Firewall: Sanctions, Export Controls and Enforcement of CFIUS in Cyberspace” to discuss how the increased use of sanctions, export controls and the application of the Committee on Foreign Investments in Cyberspace affects the corporate lawyers of clients. Speakers include Camille Stewart from Google, Hdeel Abdelhady from MassPoint Legal and Strategy Advisory and Christopher Timura from Gibson, Dunn & Crutcher. For more information, click here.

Thursday July 1

10:00 a.m. – U.S. District Judge Fernando Olguin in Los Angeles to hear competing offers for principal applicant status in a proposal class action against electric vehicle company Canoo Inc. The company went public through a merger with a special-purpose acquisition company last year. Hagens Berman Sobol Shapiro, Levi & Korsinsky, The Rosen Law Firm and Pomerantz are all vying for their clients to lead the case.

The case is Blake v. Canoo Inc, US District Court, Central District of California, # 21-CV-02873. For the various principal applicants: Laurence Rosen of the law firm Rosen; Nicole Lavallée of Berman Tabacco; Adam Apton of Levi & Korsinsky; and Danielle Smith of Hagens Berman Sobol Shapiro. For Canoo: Mark Holscher, David Klein and Jeffrey Sinek from Kirkland and Ellis.

Do you know of an event that could be included in Week Ahead in M&A? Contact Sierra Jackson at [email protected]

(NOTE: This story has been updated with a walkthrough that will take place on Tuesday, June 29.)

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