It was recently announced that Tampa-based asset manager, mortgage servicer and originator Walter Investment Management Corp. entered into a definitive agreement with a large national depository to acquire a pool of Fannie Mae-backed mortgage servicing rights with an aggregate unpaid principal balance of $30 billion. The acquisition is part of Walter’s previously announced plan to acquire MSRs having an aggregate unpaid principal balance of approximately $62 billion.

More >>

A New York federal judge on Friday approved a proposed $7.25 billion antitrust settlement — believed to be the largest antitrust settlement ever — over Visa Inc. and MasterCard Inc.’s alleged conspiracy to fix prices for credit card swipe fees, resolving claims brought by a putative class of about 12 million merchants.

More >>

Avago Technologies Limited and LSI Corporation have announced a definitive agreement under which Avago will acquire LSI for $11.15 per share in an all-cash transaction valued at $6.6 billion.

More >>

Clifford Chance has advised Deutsche Bank on two longevity swaps, one with the Trustees of the AstraZenaca Pension Fund, in respect of approximately £2.5bn of the fund liabilities, and one with the Trustees of five pension schemes sponsored by Carillion plc, in respect of approximately £1bn of the fund liabilities.

More >>

Connell Foley hires three new attorneys – Frank Cara and Mark Forand who joined the Firm on Monday, December 2nd and Vincent Cara who joined us Monday, December 9th. Frank and Vincent are resident in the New York Office; Mark is in the Roseland Office.

More >>

Cooley LLP announced today that it advised inmatics biotechnologies GmbH and Molecular Partners AG on separate collaboration agreements with Roche, each potentially worth more than $1 billion.

More >>

On December 16, 2013, AerCap Holdings N.V. (“AerCap”) announced that it has entered into a definitive agreement with American International Group, Inc. (“AIG”) under which AerCap will acquire 100% of the common stock of International Lease Finance Corporation (“ILFC”), a wholly owned subsidiary of AIG. Cravath represented AerCap in connection with this transaction. Under the terms of the agreement, AIG will receive US$3.0 billion in cash and 97,560,976 AerCap shares, representing a value of approximately US$5.4 billion based on AerCap’s closing price per share of $24.93 on December 13, 2013. More >>