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McKinsey, opioid plaintiffs spar over MDL venue

4 Min Read (Reuters) - Consulting firm McKinsey & Co Inc on Thursday urged the Judicial Panel on Multidistrict Litigation to create a new MDL in the Southern District of New York consolidating lawsuits by local governments accusing it of contributing to the opioid epidemic through its work advising drug manufacturers. The logo of consulting firm McKinsey and Company is seen in Paris, France May 16, 2019. REUTERS/Charles Platiau Several plaintiffs’ lawyers countered that claims against McKinse...
New York United States Brendan Pierson Bahe Cook Cantley Nefzger Keller Rohrback James Bernard

Ace Equity becomes Asia's first PE firm to conduct SPAC merger

Field programmable gate array made by Achronix (Courtesy of Achronix) South Korea-based private equity firm Ace Equity Partners has acquired Achronix Semiconductor Corp., a US-based fabless company, through a special purpose acquisition company (SPAC) merger. It marks the first time for a Korean PE firm to set up a SPAC on the Nasdaq to acquire a US-based company. Achronix, with a post-transaction equity value of $2.1 billion, will merge with ACE Convergence Acquisition Corp.,...
David Ko Achronix Semiconductor Corp Convergence Acquisition Corp Preciseley Microtechnology Corp Intel Corp Korea Based Ace Equity Partners

As Chicago 'L' Extension Advances, Others Say It's Not Enough – Next City

Few American cities do as well as Chicago has done in terms of providing rapid transit service that covers the city like a blanket; only New York and Washington have systems that provide coverage that’s as dense or denser. But the blanket has some holes in it. The just-passed (but not yet signed by the president) coronavirus relief bill offers assistance to transit agencies struggling to avoid slashing service in the face of continued low ridership. That assistance will come a little too late...
New York United States United Kingdom Los Angeles Tamika Butler Dan Ryan

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