Seventeen Institutional Investors Obtain Agreement From ResCap Debtors to Stipulate to $8.7 Billion Allowed Claim for RMBS Trusts in ResCap Bankruptcy

Today, seventeen institutional investors (RMBS Holders) represented by Gibbs & Bruns LLP and Ropes & Gray LLP announced they had achieved an agreement with Residential Capital LLC and its affiliated debtors (Debtors) to grant an $8.7 billion allowed claim to 392 residential mortgage backed securities trusts (the “Covered Trusts”) issued by affiliates of the Debtors during the period from 2004 to 2008. The RMBS Holders hold, or manage investments for holders of, more than $13 billion in outstanding RMBS securities issued by over 350 of the Covered Trusts.

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Tags:  Houston

Complex Commercial Litigation Duo Joins Crowell & Moring, Boosts New York Trial Team

Crowell & Moring LLP has added two prominent litigators to its growing New York office roster. The additions are Litigation Group partners Edwin M. Baum, a seasoned New York litigator whose practice is concentrated on representing sophisticated business clients in multi-faceted commercial litigation from Proskauer Rose LLP, and Alan B. Howard, a proven litigator and trial lawyer with over 25 years experience handling domestic and international litigation and arbitration cases from Dewey & LeBoeuf LLP.

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Tags:  Crowell & Moring LLP | New York

Pillsbury Expands Corporate & Securities Practice in New York

Pillsbury today announced that Peter A. Baumgaertner has joined the firm’s Corporate & Securities practice section as a partner in its New York office. With a broad, international practice spanning capital markets, infrastructure projects, commercial lending and securities, Baumgaertner is a perfect fit within several of Pillsbury’s strategic practice areas, including project finance, energy, capital markets and insolvency. He arrives from Dewey & LeBoeuf LLP and becomes the eighth partner Pillsbury has added in New York this year.

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Tags:  Pillsbury Winthrop Shaw Pittman LLP | New York

Pillsbury Brings Prominent Securities Litigator to San Francisco Office

Pillsbury today announced that Sarah Good, a well-known securities and consumer class action litigator in San Francisco, has joined the firm’s Litigation practice. Good was previously Chair of the Litigation Department at San Francisco’s Howard Rice Nemerovski Canady Falk & Rabkin, which combined with Arnold & Porter on January 1, and before that was a partner at Wilson Sonsini Goodrich & Rosati.

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Tags:  Pillsbury Winthrop Shaw Pittman LLP | San Francisco

King & Spalding Expands Healthcare Practice With Addition of Two Lawyers in Washington, D.C.

Donna K. Thiel, a healthcare lawyer with extensive experience in Medicare coverage, payment and compliance, and Theresa E. Weir, a lawyer specializing in healthcare regulatory matters, have joined King & Spalding’s healthcare practice as a partner and counsel, respectively, the firm announced today. They joined King & Spalding’s Washington, D.C., office from Baker, Donelson, Bearman, Caldwell & Berkowitz, where Thiel was a shareholder and co-chair of the drug, device and life sciences industry group, and Weir was a counsel.

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Tags:  King & Spalding LLP

Duane Morris Adds Corporate Partner Pierfrancesco Carbone in London

Duane Morris LLP is pleased to announce that Piero Carbone has joined the firm’s growing Corporate Practice Group as a partner. Carbone will be based at Duane Morris in London. His arrival marks the expansion of the firm’s Private Equity Group, already active in the U.S. and in Asia, into Europe. Duane Morris is the first law firm to become Global Growth Partner of the Association for Corporate Growth (ACG) and is a founding champion of the Middle Market Private Capital Leadership Forum. Carbone joins Duane Morris from Kirkland & Ellis International LLP.

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Tags:  Duane Morris LLP

Simpson Thacher Represents JPMorgan as Financial Advisor to the Board of Directors of PlainsCapital Corporation in Hilltop Holdings’ Acquisition of PlainsCapital Corporation

The Firm is representing J.P. Morgan Securities LLC as financial advisor to the Board of Directors of PlainsCapital Corporation in connection with Hilltop Holdings Inc.’s acquisition of PlainsCapital Corporation. Hilltop Holdings Inc. intends to finance the transaction with $318 million of cash and 27.5 million shares of Hilltop Holdings Inc. common stock.

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Tags:  Simpson Thacher & Bartlett LLP | New York