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Tuesday, October 25, 2011

Y! Alert: The Am Law Daily


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The latest from The Am Law Daily


Weil Provided Counsel on $2 Billion Olympus Deal at Heart of Growing Scandal Top

Along with three Magic Circle firms and a prominent Japanese firm, Weil, Gotshal & Manges advised Olympus on its 2007 acquisition of British medical equipment maker Gyrus Group—and, according to the company's former CEO, advised the digital camera maker against paying a whopping $687 million in financial advisory fees that are now reportedly being investigated by the FBI.

 
Judge Orders Ex-Partner's Discrimination Suit Against Irell Sent to Arbitration Top

A California state court judge has granted Irell & Manella's motion to compel arbitration in an employment discrimination and wrongful termination lawsuit brought against the firm by former entertainment partner Juliette Youngblood.

 
In Maples Case, Associates Get the Blame Top

In the fight to win a convicted killer a second chance at appealing his death sentence, the former Sullivan & Cromwell associates who worked on his case pro bono come in for harsh treatment.

 
From Texas to Portugal, Law Firms Are on the Move Top

Baker Donelson enters the Houston market by acquiring seven-lawyer Spain Chambers, CMS Cameron McKenna adds a Portuguese presence, and Clyde & Co continues to chase international alliances.

 
Latham, Dorsey Take Lead Roles On Oracle's $1.5 Billion RightNow Acquisition Top

The software giant continues a run of deals aimed at boosting its cloud-computing capabilities.

 
Weil, Latham Lead on Mattel's $680M Bid for Thomas the Tank Engine Producer Top

Weil, Gotshal & Manges and Latham & Watkins, along with a Scottish firm, are advising on a takeover by the world's largest toymaker of HIT, the company behind Thomas the Tank Engine and Bob the Builder.

 
Davis Polk, Skadden Advise on Cigna's $3.8 Billion HealthSpring Buy Top

In a move aimed at selling more Medicare-related policies to the nation's elderly, health insurer Cigna Corp. announced Monday that it is buying rival HealthSpring for $3.8 billion in cash.

 
The Score: NBA Talks Collapse; Dodgers Drama Drags On Top

Collective bargaining talks between NBA players and owners collapsed Friday, increasing the chances that the entire 2011–12 season will be lost. Meanwhile, Los Angeles Dodgers owner Frank McCourt and his estranged wife, Jamie, may have settled their bitter divorce feud, but a court battle for control of the bankrupt franchise continues. Plus: The St. Louis Cardinals rewards their fans in The Am Law 200, the NHLPA gets a new top lawyer, and a Jones Day litigator gets set to tee off as the USGA's top executive.

 
Ropes Leads as Bain Pays $2.1 Billion for Japan's Skylark Chain Top

Ropes & Gray is advising Boston-based Bain Capital as the private equity shop expands its restaurant  industry holdings beyond Burger King, Domino's Pizza, and Dunkin' Donuts by acquiring a 3,600-plus chain of family-friendly eateries from Japanese investment bank Nomura Holdings.

 
Former MoFo Partner Pleads Guilty to Bilking Insurers, San Francisco Schools Top

Jonathan Dickstein, who resigned from Morrison & Foerster in 2010, is to be sentenced next month after pleading guilty to using his son's autism as the basis for a scam that helped Dickstein and his wife pocket nearly $400,000.

 

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