Patton Boggs LLP has added five new partners and one senior counsel to the firm’s offices across the U.S., reinforcing its Business, Public Policy, Litigation and Intellectual Property practices. The additions include Partner Clark Kent Ervin in Washington; Partner Darren W. Collins in Dallas; Partners Mark C. Errico and Mark D. Sheridan in Newark; Partner Wendy Li and Senior Counsel Robert Rosenberg in New York.
Tags: Squire Patton Boggs Portuguese Law Firm Rui Pena, Arnaut & Associados to Join CMS
CMS has agreed that Portuguese law firm Rui Pena, Arnaut & Associados (RPA) will become a member of CMS. From 1 January 2012, the firm will be called CMS Rui Pena & Arnaut (CMS RPA). The CMS Executive Committee agreed the expansion last week.
McDermott’s Double Hire in Germany for Corporate and Energy
International law firm McDermott Will & Emery is pleased to announce the arrival of two new partners to its Dusseldorf and Munich offices. These appointments bring the total number of lawyers in Europe to more than 120 lawyers.
Tags: McDermott Will & Emery LLP | Germany Dechert Represents Adolor Corp.in Sale to Cubist Pharmaceuticals
Cubist Pharmaceuticals, Inc. (NASDAQ: CBST) and Adolor Corporation (NASDAQ: ADLR) today announced that they have signed a definitive agreement under which Cubist will acquire all of the outstanding shares of Adolor for $4.25 per share in cash, or approximately [$190] million on a fully-diluted basis, net of Adolor’s third quarter 2011 cash balance. In addition to the upfront cash payment, each Adolor stockholder will receive one Contingent Payment Right (CPR), entitling the holder to receive additional cash payments of up to $4.50 for each share they own if certain regulatory approvals and/or commercialization milestones of ADL5945 are achieved. The total transaction is valued at up to [$415] million, net of Adolor’s third quarter 2011 cash balance, and is expected to be accretive in 2012.
Tags: Dechert LLP Andrews Kurth Obtains Trade Secret Verdict for Devon Energy
Cooley Advises Onyx Pharmaceuticals in Litigation and Settlement Agreement with Bayer Healthcare, Restructuring Global Oncology Partnership
Parallel teams of Cooley litigators and business lawyers delivered a favorable outcome last week on behalf of longtime client Onyx Pharmaceuticals, Inc, which reached a settlement of a jury trial in a dispute with its partner, the international pharmaceutical company Bayer. In a complex set of agreements announced at the mid-point of trial pending in the United States District Court for the Northern District of California (under the caption Onyx Pharmaceuticals, Inc. v. Bayer Corporation, Bayer AG, Bayer Healthcare LLC, and Bayer Schering Pharma AG Case No. C09-2145 EMC (N.D. Cal.)), Onyx obtained a significant stake in a compound at the heart of the dispute as well as other important monetary and non-monetary benefits.
Tags: Cooley LLP Baker Donelson Expands Footprint with Move into Texas
Baker, Donelson, Bearman, Caldwell & Berkowitz, PC has merged with the Houston law firm of Spain Chambers, marking Baker Donelson’s entry into Texas with a major step in the Firm’s continuing strategic growth.
Tags: Baker, Donelson, Bearman, Caldwell & Berkowitz, PC | Houston Squire Sanders Hammonds Appoints Leading Outsourcing Partner to Its Intellectual Property & Technology Team
Squire Sanders Hammonds is boosting its Intellectual Property & Technology team in London with the appointment of IT and outsourcing expert, Garfield Smith.
Tags: Squire Patton Boggs Akin Gump Advises Osage Tribe of Indians in Landmark Settlement With U.S. Government
Akin Gump Strauss Hauer & Feld LLP and Pipestem Law Firm PC have advised the Osage Tribe in the largest-ever settlement of a claim made by a tribe against the United States government. The $380 million settlement was announced at a signing ceremony held today at the U.S. Department of the Interior and attended by a number of U.S. government and Osage Tribe officials.
Tags: Akin Gump Strauss Hauer & Feld LLP Simpson Thacher Represents Investor Group in $1 Billion Acquisition of 25% of Santander Consumer USA Inc.
Simpson Thacher is representing Warburg Pincus, Kohlberg Kravis Roberts and Centerbridge Partners in connection with their agreement to purchase a 25% interest in Banco Santander’s US auto finance business for an aggregate purchase price of $1 billion. The transaction is subject to customary closing conditions, including obtaining the relevant regulatory approvals, and is expected to close in the fourth quarter of 2011.
Tags: Simpson Thacher & Bartlett LLP | New York