Cravath represented the initial purchasers, Credit Suisse, Goldman, Sachs & Co., UBS Investment Bank, Wells Fargo Securities, RBC Capital Markets, Macquarie Capital and Nataxis, in connection with the US$540 million second-priority senior secured and senior debt offering of DJO Finance LLC and DJO Finance Corporation. DJO Finance is a global developer, manufacturer and distributor of high-quality medical devices that provide solutions for musculoskeletal health, vascular health and pain management. The transaction closed on October 1, 2012.

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Simpson Thacher recently represented Tesoro Corporation in its issuance and sale of $450,000,000 aggregate principal amount of 4.250% Senior Notes due 2017 and $475,000,000 aggregate principal amount of 5.375% Senior Notes due 2022. Tesoro used the proceeds from the offering to fund (i) its tender offers for any and all of its outstanding 6?% Senior Notes due 2015 and any and all of its outstanding 6½% Senior Notes due 2017 and (ii) the redemption of all such existing notes not tendered pursuant to the satisfaction and discharge provisions of the related indentures. The Firm also represented Tesoro in connection with the tender offers and redemptions. The notes offering and the tender offers were consummated on September 27, 2012, and the redemption will be completed on November 1, 2012.

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On September 28, 2012, Judge Richard J. Sullivan of the United States District Court for the Southern District of New York granted a motion to dismiss federal securities fraud claims in In re UBS AG Securities Litigation, Master File No. 07 Civ. 11225 (RJS) (S.D.N.Y.). The Firm represents underwriters of UBS securities named in the case including J.P. Morgan Securities Ltd., Morgan Stanley & Co. International plc., BNP Paribas, Goldman Sachs International, Credit Suisse, and Deutsche Bank AG, London Branch.

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International law firm Dorsey & Whitney LLP announced today that Catherine X. Pan has joined the Corporate Group in the Firm’s New York office as a Partner. Ms. Pan has a business transactional practice that focuses on corporate and securities law, equity and debt financing, mergers and acquisitions, venture capital and private equity financing, and commercial transactions. She routinely serves as outside general counsel to clients.

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