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Cite as: In Re Bear Stearns Co., Inc., 08 MDL 1963, NYLJ 1202479404634, at *1 (SDNY, Decided January 9, 2011)District Judge Robert W. Sweetp class="decided
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.Shareholders force ACS to drop controversial provisions intended to lock up a deal with Xerox.
New Spitzer Biography Reveals 'Crusading Good Kid' With a Dark Side
Thanks to Eliot Spitzer's highly publicized attacks on fraud in the financial services industry, he's arguably the most famous New York-based prosecutor since Thomas Dewey. And he's the overwhelming favorite to win the Democratic nomination for New York governor. Attorney Michael Stern reviews a new Spitzer biography, "Spoiling for a Fight," by Brooke A. Masters, noting "there's a dark side to Eliot Spitzer the crusading Good Kid, of course, and Masters is scrupulous in painting that portrait as well."Clifford Chance Faces New Threat of Departures
With its U.S. expansion plans already hurt by East Coast defections, British legal giant Clifford Chance faces a potential Western Front. Some said the firm would have 100 California lawyers by 2002's end -- but not one West Coast lateral partner has been recruited, and last month current partners began leaving. Now, the San Francisco legal community is abuzz about the expected defection of Clifford Chance's West Coast securities litigation group to another firm.Claiming that Russian oligarchs seized its interest in an oil company, Norex Petroleum tried to enjoin ongoing buyout talks between the oligarchs and BP over a Russian partnership. BP's lawyers at Sullivan & Cromwell called this an improper attempt to embroil a U.S. court in a foreign matter.
Winning an outright reversal of a lower court decision is never easy. And when you're litigating against a score of the largest banks in the world, backed by a half-dozen of the country's top law firms, that makes the victory all the more sweet.
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