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How Sweet It Isn't: Equal, Splenda to Clash in Trial
In a battle between the leading sugar substitutes -- Equal and Splenda -- a federal judge has ruled a jury must decide whether Splenda's claim that the product is "made from sugar so it tastes like sugar" is misleading. In Merisant Co. v. McNeil Nutritionals, the judge rejected a defense argument that Splenda's claim is literally true. The opinion sets the stage for a trial that promises to be a battle of experts, including a neurobiologist testifying on the biology of sweet tastes.Private Equity Companies Get Close to Simpson Thacher
Simpson Thacher & Bartlett just had a summer that private equity lawyers dream about. The New York firm's two top private equity clients, Kohlberg Kravis Roberts and The Blackstone Group, were on a dealmaking binge. Of course, Simpson has many private equity clients, but it makes sure that KKR and Blackstone always come first. The devotion has paid off: one KKR partner describes Simpson as part of its "inner circle." And several Simpson attorneys have moved in-house with Blackstone and KKR.Latham Partner Doesn't Play Games In Toys "R" Us Deal
Latham & Watkins partner Peter Kerman represented Kohlberg Kravis Roberts & Co. in its co-purchase of Toys "R" Us Inc. for $6.6 billion. Analysts are calling the leveraged buyout one of the largest ever in retailing history. Gibson, Dunn & Crutcher attorneys helped marry off the Internet's famous butler as Oakland's Ask Jeeves Inc. announced Monday that it is being acquired by IAC/InterActiveCorp in a deal worth $1.85 billion.Plaintiffs lawyers are claiming victory after Friday's ruling in the sprawling Deepwater Horizon litigation, which allows a large number plaintiffs to seek punies despite statutory confusion and major resistance from BP and other defendants.
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