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Bullish 2005 Outlook For Leasing Activity
2004 certainly started off with a bang when, on the day following last year's Real Estate Board of New York Annual Banquet, PricewaterhouseCoopers LLP signed the "deal of the year."The plaintiffs lawyers, led by Bernstein Litowitz Berger & Grossmann, will ask for 22.5 percent of the settlement as their fee, which works out to $47 million.
Once upon a time, plaintiffs lawyers in the IPO securities class action had visions of billions dancing in their heads. Today, they're quite happy taking $586 million.
Gibson Helps HP on $1.2B Palm Deal
Palo Alto partner Russell Hansen led the Gibson, Dunn & Crutcher team helping Hewlett-Packard in the acquisition. As we've noted before, Davis Polk & Wardwell is representing Palm.Auditing firm Grant Thornton has partially settled claims that it covered up securities fraud by failed telecom Winstar Communications. According to a stipulation filed Thursday, Grant Thornton reached a confidential settlement with 22 institutional investors in Winstar, but still faces class claims by all Winstar investors.
Shoring Up a Faltering Shearman
After a tough few years, Shearman & Sterling has a new leader charged with keeping the 133-year-old patrician firm in the top tier.Trending Stories
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