Veteran Litigator Joins Frost Brown Todd’s Columbus Office

Stephen E. Chappelear has joined Frost Brown Todd’s Business Litigation practice group in the Columbus office. Chappelear has 36 years of experience in more than 60 trials. His practice focuses in the areas of business and complex litigation, construction law, employment, and intellectual property litigation. At Chappelear’s previous firm, he served as managing partner for the Columbus office from 2004-2010.

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Tags:  Frost Brown Todd LLP

Cravath – IBM’s Acquisition of SoftLayer

On June 4, 2013, IBM announced a definitive agreement to acquire SoftLayer Technologies, Inc., the world’s largest privately held cloud computing infrastructure provider. Financial terms were not disclosed. Cravath represented IBM in connection with this transaction, which is expected to close in the third quarter of 2013 following satisfaction of customary closing conditions including regulatory clearances.

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Tags:  Cravath, Swaine & Moore LLP | New York

Akin Gump Represents Secured Lenders in Sale of Long-Term Acute Care Hospitals

Akin Gump Strauss Hauer & Feld LLP advised the steering committee of secured lenders of LifeCare Holdings, Inc., and its subsidiaries, one of the largest operators of long-term acute care hospitals in the United States, in connection with the lenders’ acquisition of substantially all of LifeCare’s assets in a sale pursuant to section 363 of the Bankruptcy Code. The lenders served as the stalking horse purchaser through a credit bid transaction worth approximately $320 million plus certain assumed liabilities.

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Tags:  Akin Gump Strauss Hauer & Feld LLP | New York