Author: Jeff Blumenthal

Locke Lord and Troutman Pepper will create one of the 30 highest-grossing U.S. law firms with over 1,600 lawyers spread over 35 offices.

The bankruptcy filing by Audacy, which owns Houston-area radio stations The Spot and The Bull, comes after it reached a restructuring deal with a “supermajority” of its debtholders.

TD Bank Group admitted no wrongdoing and said it chose to settle claims related to the Allen Stanford Ponzi scheme case “to avoid the distraction and uncertainty of continuing a long legal proceeding.” Other financial services companies are paying much…

TD Bank has pushed back the timetable for the closing of its planned $13.4 billion acquisition of First Horizon Corp. as it has not yet received all regulatory approvals.

CEO David Field said that market conditions were “worse than our expectations,” as the owner of seven Houston-area radio stations reported an operating loss of $141 million in the third quarter.

Leo Salom joined the Philadelphia Business Journal recently for a discussion on the economy, the First Horizon deal and more.

Archer & Greiner added three partners who handle bankruptcy and commercial litigation matters in the U.S. on behalf of Chinese clients.

In an interview with the Philadelphia Business Journal, Salom says the deal will give the Cherry Hill, New Jersey-based bank more critical mass across its existing Southeast footprint, provide an immediate presence and scale in fast-growing markets adj…