Shearman & Sterling Advises alstria office REIT-AG on Capital Increase and Offering of 28,200,000 alstria Shares

Shearman & Sterling advised alstria office REIT-AG (alstria), a German REIT-corporation listed in the Regulated Market (Regulierter Markt) of the Frankfurt Stock Exchange (S-DAX), on the implementation of a capital increase and an offering of a total of 28,200,000 alstria-shares, including 18,200,000 shares (2,200,000 greenshoe shares) from the holdings of alstria’s majority shareholder Captiva.

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Cooley Achieves Significant Securities Litigation Victory for Clifford Chance

Cooley LLP announced it achieved a significant victory yesterday in a securities case in the Third Circuit on behalf of Clifford Chance LLP.   An important securities litigation victory for law firms, the Third Circuit held that, under the Supreme Court’s decisions in Central Bank and Stoneridge, public attribution for a secondary actor’s actions is required to invoke the fraud-on the-market presumption of reliance in a 10(b) scheme liability action.

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