Paul Hastings Advises Samsung Display on US$1.9 Billion Sale of Its Joint Venture Stake and Its Strategic Investment in Corning Incorporated

Paul Hastings, a leading global law firm, announced today that it is representing Samsung Display Co., Ltd. (“Samsung Display”), a global leader in display panel technology and products and a subsidiary of Samsung Electronics, in its agreement with Samsung Corning Precision Materials (“SCP”) and Corning Incorporated (“Corning”) to have SCP repurchase Samsung Display’s 43% interest in SCP.

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Stephen Harris Joins Winston & Strawn Washington, D.C.

Winston & Strawn LLP has announced that H. Stephen Harris, Jr. will join the firm’s Washington, D.C. office as a partner in the antitrust/competition practice. Mr. Harris, formerly a partner and chair of the North America Antitrust & Competition Group at Baker & McKenzie, focuses his practice on cartel defense, merger control filings, and administrative proceedings before United States and international courts and agencies.

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McCarter & English Expands Labor and Employment Practice in Stamford

McCarter & English, LLP is pleased to announce two new attorneys with the firm’s labor and employment law practice. Craig Bonnist joins as a partner, and Barbara Curtis as an associate, in the firm’s Stamford office. They worked together previously at Bonnist & Cutro, LLP. In addition to continuing their practices in New York and New Jersey, Bonnist is actively expanding the firm’s labor and employment group in the Fairfield County region.

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Senior State Department Official Jose W. Fernandez Joins Gibson Dunn in New York

Gibson, Dunn & Crutcher LLP is pleased to announce that Jose W.  Fernandez, the former Assistant Secretary of State for Economic, Energy and Business Affairs, has joined the firm as a partner in the New York office.  During his tenure, Fernandez led the bureau that was responsible for overseeing all aspects of the State Department’s commercial diplomacy worldwide.  At Gibson Dunn, he will focus his practice on mergers and acquisitions and finance in emerging markets in Latin America, the Middle East, Africa and Asia.“Throughout his career in private practice, Jose focused on M&A and finance, including project finance, privatizations and restructurings, primarily in Latin America and Africa,” said Ken Doran, Chairman and Managing Partner of Gibson Dunn.  “And during his tenure with the State Department, Jose further deepened and broadened his emerging markets experience to Europe, Asia and the MENA region.  He also gained substantial experience in important areas of U.S. law that are critical to major global clients, including trade sanctions and CFIUS, which will complement our existing regulatory expertise and enable us to deliver a more comprehensive compliance package to our clients throughout the world.”

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Cravath – Financing for Acquisition of the Neiman Marcus Group

Cravath represented the initial purchasers, led by Credit Suisse, RBC Capital Markets, Deutsche Bank Securities, Goldman, Sachs & Co. and Morgan Stanley, in connection with the US$1.6 billion 144A/Reg. S high-yield senior debt and senior payment-in-kind (PIK) “toggle” debt offering of Mariposa Borrower, Inc. and Mariposa Merger Sub LLC, issuers controlled by Ares Management and the Canadian Pension Plan Investment Board. Cravath also represented the lead arrangers, led by Credit Suisse, RBC Capital Markets, Deutsche Bank Securities, Goldman, Sachs & Co. and Morgan Stanley, of a $2.9 billion term loan to Mariposa Merger Sub LLC. The financing was in connection with the acquisition of Neiman Marcus Group LTD Inc., one of the largest luxury, multi-branded, fashion retailers in the world. Cravath previously represented Credit Suisse as joint lead arranger of committed financing in connection with the acquisition. The transaction was completed on October 25, 2013.

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Tags:  Cravath, Swaine & Moore LLP | New York