Today Labaton Sucharow LLP, along with its co-counsel, announced that it reached a $473 million settlement in In re Schering-Plough Corporation / ENHANCE Securities Litigation. The recovery is the largest securities class action settlement ever against a pharmaceutical company, among the top 25 securities class action settlements of all time, and among the ten largest recoveries ever in a securities class action that did not involve a defendant company restating its earnings. The case was set to start trial on March 4, 2013 in federal court in New Jersey.
Tags: Labaton Sucharow LLP | New YorkFasken Martineau Advises Cœur d’Alene Mines Corporation in a Proposal to Acquire Orko Silver Corp
Fasken Martineau a leading business law and litigation firm, announced today that it is advising Cœur d’Alene Mines Corporation (CDM) in respect of its proposal to acquire Orko Silver Corp. (OK) for CDN$2.70 per share in cash and stock, a transaction with a total value of approximately CDN$384 million.
Tags: Fasken Martineau DuMoulin LLPPinsent Masons to Launch Turkish Presence
International law firm Pinsent Masons has announced plans to establish a presence in Turkey focussing on the infrastructure sector.
Tags: Pinsent Masons LLPNorton Rose Acts for Crest Nicholson on First Major IPO of 2013
Leading international law firm Norton Rose is acting for house builder Crest Nicholson, which today announced its highly anticipated IPO and proposed listing on the Premium Segment of the London Stock Exchange.
Tags: Norton Rose FulbrightGilbert + Tobin Wins Appeal for the Recording Industry
Gilbert + Tobin represented The Phonographic Performance Company of Australia (PPCA) in its successful appeal to the Federal Court of Australia against Commercial Radio Australia which represents the interests of commercial radio broadcasters in Australia.
Tags: Gilbert, LLPClifford Chance Advises Rockspring in Refinancing of a Real Estate Portfolio in Germany
International law firm Clifford Chance has advised British investor Rockspring Property Investment Managers (“Rock-spring”) as fund manager of German Retail Box (Jersey) Properties Limited (“GRBF”) in connection with the granting of a loan in the amount of 275 million Euros. The loan was granted to refinance a real estate portfolio.
Tags: Clifford Chance LLP | GermanyClifford Chance Advises FREO on the Sale of Its Prime Portfolio to IVG Immobilien
Clifford Chance advised various companies of an investment fund managed by the FREO Group on the sale of the prime portfolio to a fund managed by IVG Immobilien. The portfolio consists of three prime real estate projects, “ONE Goetheplaza”, an office and commercial property in Frankfurt am Main, which is a joint venture between FREO and AREA Property Partners, the Taunusanlage 11 (“T11”) property, a fully renovated office building in Frankfurt am Main, and Kurfürstendamm 195 (“Kudamm No 195”), an office and commercial complex in Berlin. The total value of the portfolio is around EUR 500 million.
Tags: Clifford Chance LLPSkadden – American Airlines and US Airways to Merge
Skadden is advising the Unsecured Creditors Committee of AMR Corporation, the parent company of American Airlines, Inc., in its merger with US Airways Group, Inc., announced on February 14.
Tags: Skadden, Arps, Slate, Meagher & Flom, LLPExperienced Litigator Luther Munford Joins Butler Snow
Butler, Snow, O’Mara, Stevens & Cannada, PLLC (Butler Snow) is pleased to announce Luther T. Munford has joined the Greater Jackson, Miss. office.
Willkie Advises Comcast on Regulatory Aspects of $16.7 Billion Deal to Acquire Remaining Stake in NBCUniversal
On February 12, Willkie client Comcast Corporation announced it will acquire General Electric’s remaining 49% common equity stake in the NBCUniversal joint venture for approximately $16.7 billion. Willkie served as FCC regulatory counsel to Comcast in the deal. The acquisition accelerates GE’s divestiture ahead of a redemption period that would have begun in July 2014. In 2011, Willkie advised Comcast on the regulatory aspects of its $13.75 billion transaction with GE that created the NBCUniversal, LLC joint venture. Comcast Corporation is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal.
Tags: Willkie Farr & Gallagher LLP