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Monday, November 14, 2011

Y! Alert: The Am Law Daily


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Switching Sides: Owners' Lawyer in NFL Lockout, David Boies Signs on With NBA Players Top

The National Basketball Association's 2011-2012 season appears doomed after NBA players rejected the latest offer by owners for a new collective bargaining agreement on Monday and announced that they hired Boies, Schiller & Flexner for a possible antitrust suit against the league. Is the fact that David Boies was on the owners' side in the last major professional sports labor dispute a problem?

 
Charity Tied To Penn State Scandal Hires Counsel; Key Witness Contacts Firm Top

The Second Mile, the charity in the middle of the sexual abuse scandal roiling Penn State University, has hired a former Philadelphia district attorney to serve as its new outside general counsel, while an assistant coach on leave from the school has sought legal counsel of his own.

 
For Second Time in Three Months, Cleary Advises as BofA Trims Stake in Chinese Lender Top

In a move aimed at raising much-needed capital, Bank of America is selling most of its remaining stake in China Construction Bank in a deal expected to fetch about $1.8 billion.

 
Proskauer Refutes Discrimination Claims at Heart of Ex-CFO's $10 Million Suit Top

The firm has moved to dismiss the complaint in which former CFO Elly Rosenthal says she was demoted and then fired after she returned to work following treatment for breast cancer.

 
Nine Firms Land Roles as Citigroup Sells EMI Units to Universal, Sony Top

Nine months after seizing control of London-based EMI Group from Terra Firma Capital Partners, Citigroup is selling the company's recorded music and publishing units in separate transactions worth a total of roughly $4.1 billion.

 
The Careerist: The Upside of Sexual Harassment Top

Who says sexual harassment is all bad? For one thing, jobs where there's a risk of sexual harassment pay more bucks!

 
S&C, White & Case Advise on VeriFone's Point International Acquisition Top

The San Jose–based maker of credit card processing machines announced Monday that it will acquire a Swedish rival in a deal worth roughly $1.05 billion including assumed debt.

 
Latham Advises Georgia-Pacific on $1.8 Billion Sale of Tissue Unit Top

Swedish paper and hygiene-products maker SCA aims to bolster its personal-care offerings by acquiring  Georgia-Pacific's European tissue business.

 
Ex-Sidley Associate Concludes Cross-Country Journey Top

Almost eight months after they embarked on a walk across the country, former Sidley Austin restructuring associate Tyler Coulson and his dog, Mabel, completed their journey after arriving in San Diego.

 
Dealmaker of the Week: Nancy Lieberman of Skadden, Arps, Slate, Meagher & Flom Top

The Skadden M&A partner led the firm's team advising Amylin Pharmaceuticals on an agreement that ends litigation with Eli Lilly and also dissolves an Amylin-Lilly alliance aimed at developing and selling diabetes drugs--with Amylin in line to acquire full global rights to those drugs over the next two years.  

 

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