Skadden – Bank of America/Merrill Lynch Prevails in CDO-Related Appeal

For Bank of America and Merrill Lynch, Skadden secured the affirmance of the dismissal of two double-derivative suits that sought to compel the BofA board to force its Merrill subsidiary to bring various claims against certain of Merrill’s former officers and directors in connection with Merrill’s allegedly risky investments in collateralized debt obligations.

More >>

Tags:  Skadden, Arps, Slate, Meagher & Flom LLP | New York

White & Case Advises Lottomatica on €500 million Eurobond Issuance

Global law firm White & Case LLP has advised Lottomatica Group S.p.A. on its placement of an aggregate amount of €500 million ($640.95 million) 3.500% unsecured notes due March 2020, to qualified investors outside of the United States. The notes are guaranteed by Lottomatica Group’s subsidiaries Invest Games S.A., GTECH Holdings Corp., GTECH Corp. and GTECH Rhode Island LLC.

More >>

Tags:  White & Case LLP

Shearman & Sterling Advises on Lottomatica’s €500 Million Eurobond Issue

Shearman & Sterling represented Banca IMI S.p.A., Credit Suisse Securities (Europe) Limited, Deutsche Bank AG, London Branch, Merrill Lynch International and UniCredit Bank AG in connection with an issue of €500 million 3.500% guaranteed bonds due 5 March 2020 by Lottomatica Group S.p.A. The bonds were guaranteed by GTECH Corporation, GTECH Holdings Corporation, GTECH Rhode Island LLC and Invest Games S.A.

More >>

Tags:  Shearman & Sterling LLP