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Skadden, Wachtell Lead on Yahoo's $7.1 Billion Alibaba Stake Sale
Skadden and Wachtell have taken the lead roles in Yahoo's $7.1 billion sale of a 20 percent stake in Alibaba Group Holding Ltd., the Chinese Internet company. Alibaba will buy back the shares, which represent half of Yahoo's stake in the Chinese company. The deal is the largest e-commerce mergers and acquisition deal ever.For Representative Bachus, Hiring Gibson Dunn Pays Off
Alabama congressman Spencer Bachus was cleared on allegations of insider trading by the Office of Congressional Ethics on Friday. Gibson Dunn represented the politician, who chairs the House Financial Services Committee.McKool, But Not Manatt, Settles Malpractice Suit With Retired NFL Players
Former NFL players are settling a malpractice action against class counsel at McKool Smith, according to court papers filed Monday. In 2008, lawyers from McKool Smith helped Manatt, Phelps & Phillips represent the players in a $28 million settlement with the NFL Players Association over licensing and marketing revenue. The players later sued both firms, claiming that the McKool and Manatt blew the chance to win greater damages.Winston & Strawn Kicked Off $1 Bil. Pfizer Case
A federal magistrate judge in Utah has blocked Winston & Strawn from representing Pfizer Inc. in a $1 billion lawsuit brought by Brigham Young University because of a conflict of interest.$125 million shareholder settlement in New Century Financial collapse
A federal judge on Monday granted preliminary approval to a $125 million cash settlement for shareholders of bankrupt New Century Financial Corp., one of the largest lenders to collapse during the subprime mortgage meltdown.Simpson Thacher, Paul Weiss Take Star Roles on Silver Lake's William Morris Stake
Private equity firm Silver Lake Partners turned to Simpson Thacher & Bartlett for counsel on its acquisition of a 31 percent stake in the William Morris Endeavor Entertainment talent agency, which was represented by lawyers from Paul, Weiss, Rifkind, Wharton & Garrison.Trending Stories
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