In a decisive win for eBay Inc., Weil, Gotshal & Manges obtained dismissal of the final claims in a breach of contract action that had been pending in California state court for three years. The court granted dismissal of the action, Ruins & Genesta v. eBay, Case No. 30-2009 00124542, Superior Court of the State of California for the County of Orange, on June 21, 2011.
Mayer Brown JSM to Open Office in Singapore
Mayer Brown, a leading global law firm, announced today that it will extend its geographic presence in Asia by opening an office of Mayer Brown JSM, its Asian practice, in Singapore. The new office will focus initially on four primary areas of legal practice: asset finance, project finance, energy and international arbitration.
Tags: Mayer Brown LLP | Singapore 
Goodwin Litigators Help Secure Landmark Supreme Court Victory for Teva and Generic Drug Manufacturers
Last week, Goodwin Procter attorneys helped secure a victory for long-time client Teva Pharmaceuticals and for manufacturers of generic drugs generally, when the U.S. Supreme Court ruled in PLIVA v. Mensing. Goodwin’s team was instrumental in drafting the certiorari and merits briefs before the Court.
Tags: Goodwin Procter LLP 
Davis Polk Advises Prada S.p.A. on Its Initial Public Offering
Davis Polk advised Prada S.p.A. in connection with its HK$16.7 billion (US$2.15 billion) initial public offering of ordinary shares. The global offering consisted of a public offering in Hong Kong and an international offering in reliance on Rule 144A and Regulation S. The global offering consisted of both primary and secondary shares, which are listed on the Hong Kong Stock Exchange under the stock code of “1913.”
Tags: Davis Polk & Wardwell LLP | Hong Kong S&C Achieves Significant Appellate Victory in MBIA Case, Reinstating $5 Billion Suit Against the Insurer
On June 28, S&C achieved a major victory in the Court of Appeals of the State of New York, successfully reinstating a fraudulent conveyance action brought by 11 of the world’s leading financial institutions, including Bank of America, Morgan Stanley, UBS and others, against the monoline insurer MBIA Insurance (“MBIA”). The bank policyholders challenge a 2009 restructuring that stripped $5 billion in assets from MBIA, thereby slashing MBIA’s ability to honor its contractual obligations to structured-finance policyholders and leaving MBIA as a “dying” insurer with a “junk” credit rating.
Tags: New York 
Hogan Lovells Represents S1 Corporation on Combination with Fundtech Ltd.
Hogan Lovells advised S1 Corporation on its combination with Fundtech Ltd. in a stock-for-stock merger deal valued at approximately $700 million.
Tags: Hogan Lovells Dewey & LeBoeuf Represents Los Angeles Dodgers as Team Files for Chapter 11 Bankruptcy Protection
The Los Angeles Dodgers filed for protection under Chapter 11 of the U.S. Bankruptcy Code in order to protect the franchise financially and provide a path that will enable the Club to consummate a media transaction and capitalize the team. Dodger owner Frank McCourt cited Major League Baseball Commissioner Bud Selig’s refusal to approve the Fox transaction as the cause for the Chapter 11 filing.
Tags: Los Angeles 
Baker & McKenzie Advises Fortune REIT on its HKD3.8 Billion Term Loan and Revolving Credit Facilities
Baker & McKenzie recently advised ARA Asset Management (Fortune) Limited, as manager of Fortune Real Estate Investment Trust (“Fortune REIT”), on a five-year term loan and revolving credit facilities of up to an aggregate principal amount of HKD3.8 billion, comprising a HKD2,830 million term loan facility and a HKD970 million revolving credit facility granted to Fortune REIT. Part of the new facilities was used to refinance existing facilities of HKD3.1 billion due in October 2013, and the balance will be used for financing the corporate funding requirements of Fortune REIT, including any acquisition opportunities and other yield enhancing asset enhancement initiatives.
Tags: Baker McKenzie | Hong Kong Davis Polk Advises Abax Global Capital in Connection With a Going-Private Transaction Involving Harbin Electric
Davis Polk is advising Abax Global Capital in connection with a going-private transaction which will result in Nasdaq-listed Harbin Electric, Inc. being taken private by Tech Full Electric Company Limited, an acquisition vehicle that will be owned by the chairman and CEO of Harbin Electric, Mr. Tianfu Yang, certain other members of Harbin Electric’s management and Abax Global Capital.
Tags: Davis Polk & Wardwell LLP | Hong Kong 
Squire Sanders Advising Lassonde Industries Inc. on US$390 Million Acquisition
Squire, Sanders & Dempsey is providing cross-practice counsel to Lassonde Industries Inc. regarding its US$390 million acquisition of Clement Pappas and Company, Inc. The transaction, which is expected to close in August, will create a major North American fruit juice and drink manufacturer.
Tags: Squire Patton Boggs 