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Tuesday, April 5, 2011

Y! Alert: The Am Law Daily


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The latest from The Am Law Daily


Weil, Morgan Lewis Advising on BP Sale of Arco Aluminum Top
The firm is advising a Japanese consortium acquiring Arco Aluminum from a subsidiary of British oil giant BP for $680 million. The deal is the latest asset sale by BP as it seeks to raise capital to offset $30 billion in costs related to its oil spill last year in the Gulf of Mexico.
 
Google Bids $900 Million for Nortel Patent Portfolio Top
There are lots of ways to reduce the threat of patent litigation. Google's latest antilitigation move is to bid high for 6,000 sought-after Nortel patents covering cell phone and Internet technology.
 
Fried Frank Gets $109 Billion Shareholder Suit Dismissed for Wells Fargo Top
If you were a shareholders lawyer pursuing a subprime case against a big bank, and you had 50 confidential witnesses who worked for the bank, you might think that you'd have a good chance to survive a motion to dismiss. You'd be wrong if you were the lawyers pursuing a $109 billion suit on behalf of former shareholders of Wachovia Bank.
 

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