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Los Angeles CA Corporate & Securities Law Blog

Comcast merger lulls after questions from California lawmakers

There are many moving parts to a merger between two companies. Often times, these mergers will hit a bump or two as they move towards becoming one. Fully understanding the contents of merger documents as well as doing research proves imperative to a successful deal.

It is no secret that Comcast and Time Warner Cable have been in discussions about a possible merger to occur between the companies sometime in the future. As plans for the merger have advanced, however, several states are starting to ask questions.

Breach of contract remedies for businesses

Business owners strive to run their organization with efficiency. Sometimes, however, a business runs into a situation where another organization they have contracted with does not uphold their end of the bargain. Under these situations business litigation disputes can arise.

One reoccurring problem for businesses proves to be a breach of contract. When a second party does not fulfill its obligation, a business is left struggling to pick up the pieces. Companies that entered into a contract where an opposing party breached can seek legal remedies for the breach. Although many different types of remedies exist, the courts have generally provided for a remedy to help numb the pain of a breach in most situations.

Web start-ups decide their business goals can be met by merging

Doing business in Orange County can be a complicated endeavor. It can be overwhelming when trying to build and grow. One of the most important aspects of maintaining a business is financing. Having a grasp on the short and long-term aspects of financing and ensuring that the foundation is structurally sound can depend on the amount of money available when getting off the ground. Many times, there are mutual benefits for two companies to share the risks and rewards with mergers.

Two publishing and advertising start-ups have chosen to end their competition against one another and achieve their business goals by merging companies. The companies, located on the East and West Coasts, both try to help raise the web traffic and revenue for news sites. The deal involves stock instead of cash. Shareholders believe that the increased size of the companies and opportunity to collaborate will help boost revenue. The ads of the East Coast-based company are prominent on numerous websites and give links to paid clients to increase their web presence. The companies had worked together previously, but not under the same umbrella. The West Coast-based business had raised over $31 million in financing as they built their business prior to this move.

Hewlett-Packard speaks up in business litigation

Business litigation is an area of law that involves an in depth understanding of how corporations operate. Many business litigation issues have millions of dollars at stake and can decide the fate of a company. Because of their importance, no issue should be overlooked.

Hewlett-Packard and Autonomy Corp. executives have squabbling about an issue between the companies that began in 2012. HP has accused Autonomy of misrepresenting its performance, while Autonomy accuses HP of botching the acquisition between the companies. HP has now filed a document in San Francisco Federal Court, attempting to keep Autonomy's former CFO from intervening in a settlement between HP and its shareholders. HP claims that the former CFO was directly involved in the alleged fraud and is partially responsible for HP's $8.8 million loss.

Publicly traded AECOM acquires competitor in California

In the business world, mergers and acquisitions are becoming popular options for business owners across the United States. Considering the state of the economy in the last several years and the age of baby-boomers, this is not surprising. Most acquisitions occur when a large corporation acquires a smaller company in the industry. Once in a while, two competitors who are both considered leaders in their industry will merge. Such was true for California's publicly traded AECOM Technology Corp last week when they reported their publicly traded merger with San Francisco competitor, URS Corp.

The details of the merger reported that AECOM will pay $4 billion to acquire URS Corp. Together the company boasts 95,000 employees and a reported $19 billion in revenue according to last year's financial statements. Under the merger, AECOM will pay $56.31 per share for the stock purchase of URS Corp. Stockholders will receive $33 per stock plus .734 shares of AECOM stock.

Mortgage securities fraud case settles

In the business world, securities fraud is a concern for many companies. Essentially, securities fraud occurs when a false statement is made about a company or its value and others rely on that information. Because of the dangers posed by securities fraud, all businesses should work diligently to be aware of these problems and protect their assets.

There is a history of long running disputes between American International Group and Bank of America. One such litigation is pending in California. These disputes center on defective mortgage-backed securities sold by Bank of America.

California-based company acquired in strategic alliance

Companies of all sizes want to grow, and keeping an eye out for creative growth opportunities lets organizations promptly seize them when they come. One such opportunity is growth through acquisitions. Generally, acquisitions involve one company purchasing another to obtain resource and skills assets, customer lists or an edge in the market.

Comic company opts for crowdfunding over business bankruptcy

Businesses, like individuals, fall on hard times. When financial worries mount, a number of accounting and legal remedies are available including bankruptcy, business reorganization or asset liquidation. For one California business, the options include crowdfunding.

SLG Publishing is a 28-year-old comic publisher based in California. The company has helped writers and artists become established professionals in the industry, and the small business has had some success over the years. At one point, the company contracted with Disney to produce comic-book series of programs such as Gargoyles and Tron.

California venture capital firm funds security company

Venture capital firms regularly support new and emerging technologies, and many of those relationships are made between California-based companies. True to the modern and connected roots of such companies, news often breaks via social media.

A recent announcement from Andreesen Horowitz, a venture capital firm based in Silicon Valley, was made on Twitter. Andreesen Horowitz has agreed to funnel $90 million in capital into Tanium, a little-known systems management and security firm that is also based in California. 

Merged California banks to focus on needs of small businesses

The combination of two Southern California banks is poised to shake up the world of business financing for small- and medium-sized organizations. One bank executive called the upcoming merger "earth-shattering." Reportedly, the idea to merge began with a conversation between the chief executives of California United and 1st Enterprise, the two banks that now plan to merge.

The new bank created by the merger is expected to concentrate on the needs of small- and medium-sized businesses, say reports. The deal will create a financial institution with $1.9 billion in deposits and $2.2 billion in assets.