In an expansion of its nationally recognized environmental litigation practice, King & Spalding has recruited Adam G. Sowatzka as a partner in its Atlanta office. Sowatzka, a specialist in environmental regulation and a former federal regulator, rejoins King & Spalding from Baker Donelson, where he was a shareholder. He was at King & Spalding from 2007 to 2010.
Tags: King & Spalding LLPKing & Spalding advised TSYS, a leading global payment solutions provider, in a definitive agreement to acquire NetSpend for $1.4 billion in cash. NetSpend is a leading provider of general purpose reloadable prepaid debit cards and related financial services to underbanked consumers in the United States.
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Davis Polk is advising BofA Merrill Lynch as financial adviser to Netspend Holdings, Inc. in connection with its approximately $1.4 billion acquisition by Total System Services, Inc. (TSYS). The transaction is expected to close in mid-2013, and is subject to regulatory approvals, approval by NetSpend shareholders and customary closing conditions.
Tags: Davis Polk & Wardwell LLP | New York
A leading southeast Michigan health care attorney, Mark R. Lezotte, has rejoined Butzel Long as a shareholder based in the firm’s Detroit office.
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Shearman & Sterling advised Morgan Stanley Senior Funding, Inc., Credit Suisse Securities (USA) LLC and Jefferies Finance LLC as joint lead arrangers and joint book managers in connection with a $715 million senior secured bank financing, consisting of $640 million term loans and a $75 million revolving credit facility. The firm also advised Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and Jefferies & Company, Inc. as joint-lead and bookrunning managers in connection with a concurrent issuance and private placement of $300 million aggregate principal amount of 8.75% senior secured notes due 2019, in each case for FairPoint Communications, Inc.
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European law firm Field Fisher Waterhouse LLP announces today the appointment of Competition & EU Regulatory partner Katia Merten-Lentz.
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Norton Rose is pleased to announce that Armstrong Mitchell Lawyers (AML) will be joining Norton Rose in Canada as of March 1, 2013, enhancing the firm’s Employment & Labour group in Calgary and across Canada.
Tags: Norton Rose FulbrightFulbright recently assisted Wärtsilä, a leading global supplier of flexible and efficient power plant solutions, in their bid to supply a new 220 MW natural gas-fired power plant to Portland General Electric Company, an investor owned utility in Oregon.
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Paul Hastings, a leading global law firm, announced today that the firm obtained affirmance of the complete victory that it had obtained at trial in a trademark infringement action for leading cosmetics and personal care products manufacturer, L’Oreal. Paul Hastings represented L’Oreal, Ralph Lauren’s exclusive licensee in the fragrance category, in a dispute involving the use by the U. S. Polo Association of a logo similar to Ralph Lauren’s famous Polo Player Logo. After USPA appealed the broad injunction entered by the district court, the Second Circuit affirmed on all grounds, including the district court’s finding of bad faith infringement.
Tags: Paul Hastings, LLP | New York
Cooley LLP announced today that C. Thomas Hopkins and Ian Smith have joined the firm’s Business department as partners in its Los Angeles office. Both Hopkins and Smith join Cooley from Sheppard Mullin Richter & Hampton LLP. Hopkins joined Sheppard as a partner in 2001, and co-chaired the firm’s global corporate practice group. Smith also joined Sheppard in 2001 and became a partner in 2008.
Tags: Cooley LLP | Los Angeles