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In a case involving a transaction of dizzying complexity, a state court judge offered more reason to doubt that credit default swap litigation is the next big thing--as least for deals with a foreign flavor.
Asia Deal Digest: March 22, 2012
Simpson Thacher leads a Chinese bank through a mammoth share placement; Sullivan & Cromwell ensures it has a place on a Japanese insurer's hybrid issue; and Allen & Overy helps a British supermarket operator cash in on its Thai property fund.The U.S. Supreme Court refused on Monday to second-guess an appellate court's decision to revive an antitrust suit against a big swath of the magazine industry, handing a win to bankrupt magazine wholesaler Anderson News and its lawyers at Kasowitz, Benson, Torres & Friedman and Kellogg, Huber, Hansen, Todd, Evans & Figel.
There's no doubt that SanDisk's aggressive policing of its patent rights has been a boon to the company's revenue. But four defendants chose to fight the flash storage card supplier at the ITC--and won.
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