11th Circ. Says $35B L3Harris Deal Didn’t ‘Merge’ IP

By Andrew Karpan (February 8, 2023, 9:20 PM EST) — The Eleventh Circuit on Wednesday affirmed a Florida court’s finding that the way lawyers drew up a roughly $35 billion “reverse triangular merger” between L3 Technologies and Harris Corp. worked around an intellectual property deal that Harris had signed with the developer of a method of using heat from radio frequencies to extract oil….