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Wachtell, Skadden Help Design $2.9 Billion Fashion Deal
Apparel company PVH Corporation is acquiring rival Warnaco Group in a deal that merges various Calvin Klein divisions that had been run separately by the two companies.Extent of Martin Act Preemption of Common Law Claims for Fraud
In their Commercial Division Update, George Bundy Smith, an arbitrator and mediator with JAMS, and Thomas J. Hall, a partner with Chadbourne & Parke, discuss recent Commercial Division decisions that have addressed the impact the 'Assured Guaranty' decision has had on Martin Act preemption defenses.After cycling through nine sets of his own lawyers, Paul Ceglia, the man claiming to own at least half of Facebook, wants a judge to exile Facebook's lawyers at Gibson Dunn and strip them of their fees. Facebook's lawyers, meanwhile, want a judge to force Ceglia to turn over a letter from Kasowitz Benson they say shows once and for all that he's a fraud.
Four Am Law Firms at Table as Berkshire, 3G Snap up Heinz in $28 Billion Deal
Warren Buffett has teamed with Brazilian-backed investment firm 3G Capital to acquire H.J. Heinz Company in a deal worth $28 billion, including the assumption of debt. Munger Tolles and Kirkland are advising Berkshire and 3G, respectively, on the transaction, while Davis Polk is representing Heinz, and Wachtell is acting as counsel to a special committee of the Heinz board.Counsel Cut Costs On Office Space
The troubling news about the nation's economy may really be a glimmer of good news for Texas firms looking to cut costs by renegotiating their office space leases or moving to new space. Miles Holsworth, executive director at Dallas-based Locke Lord Bissell & Liddell, says the 710-lawyer firm is one of those evaluating its leases.Rulings on Fraud in Inducement, Promise to Use 'Best Efforts'
In his Contract Law column, Glen Banks, of Norton Rose Fulbright, reviews recent decisions, including one that follows the principle that when a sophisticated party chooses to proceed with a transaction despite notice that warranties made to it were not true, that party may not later claim fraudulently inducement, and another that allowed a court to give meaning to ambiguous language where custom in the trade clearly showed the meaning of the language.Am Law Firms Make Rain on Pair of Cloud Computing Deals
Wilson Sonsini and Gibson Dunn landed roles on Salesforce.com's $2.5 billion purchase of cloud-based marketing software company ExactTarget, while Cravath and Kirkland took the lead on IBM's reported $2 billion acquisition of cloud computing infrastructure provider SoftLayer Technologies.New Book Unveils Secret History of Metropolitan Museum
If we tell you we won't cooperate, will you go away?" Philippe de Montebello asked New York Times bestselling author Michael Gross in 2006.Am Law Firms Line Up for Trio of Real Estate Deals
Mid America Apartment Communities is acquiring rival REIT Colonial Properties Trust in an all-stock deal worth $2.17 billion. Meanwhile, American Realty Capital is buying a portfolio of retail properties from GE Capital for $1.45 billion, and The Carlyle Group is selling the Midtown Manhattan tower located at 650 Madison Avenue to real estate investors Crown Acquisitions and Highgate in a $1.3 billion deal.Trending Stories
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