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Tax lawyer gets his hands in $4.9B real estate deal
Monday's $4.9 billion acquisition of San Francisco real estate firm Catellus Corp. by Denver developer ProLogis put tax lawyer Peter Ritter front and center. Wilson Sonsini deployed an army of lawyers to Colorado to pave the way for Sun Microsystems Inc.'s $4.1 billion purchase of Storage Technology Corp.It's quite remarkable, really. A $300 billion market imploded, but plaintiffs firms can't figure out how to bring a viable suit. This time, a New York judge concluded their class action was a securities case in antitrust clothing.
3rd Circuit Adopts Broad Reading of Federal Securities Fraud Act
Adopting a broad reading of securities fraud laws, the 3rd U.S. Circuit Court of Appeals ruled that a corporation and its officers can be sued by the shareholders of another corporation for allegedly disseminating false information about the chances that the two companies would merge.The NLJ Client List | Who Represents Corporate America
The case of Linda Grant Williams—the former Big Law partner who picked a fight with Wall Street titans—has been bouncing around the courts for five years. Fortunately for Williams, this week a New York appellate court refused to give the litigation another bounce in the banks' favor.
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