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Asia Deal Digest: May 24, 2012
* A big roster of big firms lines up for Yahoo's $7.1 billion Alibaba stake sale* Davis Polk and Weil Gotshal get China's Wanda into the U.S. cinema business* Latham helps an Indonesian oil giant tap the capital markets for $2.5 billion's worthLaw Firm Cliques: High School With Nicer Clothes
As any mother or father of a tween or teenager knows, parents want more than anything to spare their children the horrors of adolescence: the insecurity, the bad skin, the raging hormones and, most of all, the social terrorism of high school cliques. But cliques aren't just for those under 18, says Kathleen J. Wu. Lawyers can't avoid the fact that, even as adults in the rarified world of elite firms, the social stratification that provoked so much anxiety in high school is still very much a part of life.Fund Manager Sues Wireless Provider
Wireless service provider Motient Corp. has been slapped with two investor lawsuits that accuse the company's board of directors and leading executives of using their positions to line their pockets at the expense of Motient shareholders. The lawsuits, brought by Dallas fund manager Highland Capital Management LP, aim to force Motient to return $90 million from a $391 million private placement and could result in Highland taking control of the struggling Lincolnshire, Ill.-based company.The Bankruptcy Files: Big Filings Continue Decline, But Old Cases Still Paying Off
Big business bankruptcy filings may be down, but Am Law firm such as Andrews Kurth, K&L Gates, Weil, and Willkie Farr have landed roles on the latest batch of notable cases. In the meantime, Weil continues to profit from long-running, restructuring-related matters for the likes of Lehman Brothers and Washington Mutual.Number of New Partners Declines in '99
Partnership tracks at large Texas firms have grown longer over time, stretching to two tiers at many firms and lasting up to 10 years at some. But candidates at most firms could at least count on finding out if they were in or not in time to either pop open the Dom Perignon or nurse a bottle of the hard stuff on New Year's Eve. Not so at Thompson & Knight this year.Trending Stories
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