On May 9, Bed Bath & Beyond Inc. and Cost Plus, Inc. announced that they have entered into a definitive agreement under which Bed Bath & Beyond will acquire Cost Plus in an all cash transaction valued at $495 million.

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In another victory for CBS and certain current and former executives, Weil obtained a significant decision from the US Court of Appeals for the Second Circuit that affirmed the 2011 dismissal of a federal securities fraud class action against our clients. In its May 10, 2012 opinion, the Second Circuit affirmed “for substantially the reasons stated in the district court’s thoughtful and thorough opinions [dismissing the second amended complaint],” and expanded the application of its 2011 decision in Fait v. Regions Fin. Corp. to encompass claims concerning goodwill brought under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (1934 Act).

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Bressler, Amery & Ross, P.C. is pleased to announce that Rania V. Sedhom joined the firm as Chair of the Firm’s Executive Compensation and Employee Benefits practice group and also a Member of the Employment Law Section.

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Davis Polk advised underwriters represented by Barclays Capital Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and RBS Securities Inc. in connection with a public offering by International Business Machines Corporation of $900 million principal amount of its 0.75% notes due 2015 and $600 million principal amount of its 1.875% notes due 2019.

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