DLA Piper Advises Banking Consortium on the Refinancing of a Retail Property Portfolio Worth 275 Million Euros

DLA Piper has been advising a banking consortium managed by SEB AG and comprising SEB AG, Landesbank Hessen-Thüringen Girozentrale, Deutsche Hypothekenbank (Actien-Gesellschaft), ING Bank and Coreal Credit Bank AG on the refinancing of a retail property portfolio with 38 locations in Germany and a value of more than 275 million euros. Each of the participating banks is contributing to the financing with an equal share (20 per cent).

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DLA Piper Advises Gruner + Jahr on the Acquisition of the Mobile Advertising Network Seventynine

DLA Piper has been advising the Gruner + Jahr publishing group on the acquisition of the Indian start-up Seventynine. Seventynine specializes in digital advertising for mobile devices. Its business is being purchased by the leading Indian digital marketing company NetworkPlay, in which Gruner + Jahr acquired a majority holding at the beginning of the year – also with the assistance of DLA Piper. Acquisition of the Seventynine business enables Gruner + Jahr to further reinforce its presence on the Indian advertising market.

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Labaton Sucharow Secures $473 Million Settlement In Case Against Schering-Plough Corporation

Today Labaton Sucharow LLP, along with its co-counsel, announced that it reached a $473 million settlement in In re Schering-Plough Corporation / ENHANCE Securities Litigation. The recovery is the largest securities class action settlement ever against a pharmaceutical company, among the top 25 securities class action settlements of all time, and among the ten largest recoveries ever in a securities class action that did not involve a defendant company restating its earnings. The case was set to start trial on March 4, 2013 in federal court in New Jersey.

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Tags:  Labaton Sucharow LLP | New York