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Friday, May 6, 2011

Y! Alert: The Am Law Daily


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The latest from The Am Law Daily


Paul Weiss, Debevoise Handling $3.3 Billion Sale of Warner Music Top
The firms are advising on the sale of Warner Music Group to Russian billionaire Len Blavatnik's Access Industries. Former sibling Warner Brothers Entertainment is buying Flixster, owner of the site Rotten Tomatoes, with a hand from Fenwick & West and O'Melveny & Myers.
 
Litigators of the Week: Andrew McGaan, Kenneth Parsigian, and Diane Sullivan Top
This triumvirate of lawyers was central to the successful defense of tobacco companies that were sued by the city of St. Louis and 37 hospitals for $455 million (plus punitive damages) for the cost of treating indigent patients for smoking-related illnesses.
 
Former S&C Partner Gets Settlement in BDO Malpractice Case Top
When Steven Thomas was a partner at Sullivan & Cromwell he took an auditing malpractice case for Banco Espirito Santo. Thomas has since formed his own firm, reached a big settlement, and seeks a 25 percent fee. Does S&C want part of this?
 
Munger, Tolles' Ron Olson and Berkshire: The Question of Lawyers Serving on Client Boards Top
Can a lawyer fairly and neutrally provide independent legal counsel for a corporate client while also serving as a member of the company's board?
 
Linklaters And Simmons Score Music Retailer Restructuring Top
The U.K. pair secured lead roles on the high-profile restructuring of HMV Group plc, but major European bankruptcy assignments remain thin on the ground.
 
Pakistan Taps Locke Lord for Lobbying Work Following OBL Fallout Top
Pakistan has launched an aggressive lobbying effort led by Locke Lord Strategies to keep open a U.S. pipeline of billions in aid.
 
Dealmakers of the Week: David Fox and Jeffrey Symons of Kirkland & Ellis Top
Fox and Symons led Kirkland's team advising Teva Pharmaceuticals on its $6.8 billion acquisition of Cephalon, Inc.
 
Bryan Cave, Holland & Knight Hit with Suits in Bankruptcy Court Top
The two Am Law 100 firms both face newly filed suits over their alleged roles advising two former clients that are now in bankruptcy.
 
Reed Smith, Former Female Partner Reach Accord in Discrimination Suit Top
JoEllen Dillon reached a settlement in her discrimination case against former employer Reed Smith, The Legal Intelligencer reports. In December, Dillon filed a suit that alleged that women partners at the firm were paid less than their male colleagues.
 

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