Second Circuit Affirms Chadbourne’s Defeat of Diesel’s $20 Million Claim Against Greystone

Chadbourne & Parke LLP secured a $20 million victory for its client Greystone Business Credit II, L.L.C. against two subsidiaries of Italian clothing and shoe company Diesel S.p.A. On January 6, the United States Court of Appeals for the Second Circuit unanimously affirmed Diesel’s loss at trial in which U.S. District Judge Harold Baer, Jr. dismissed Diesel’s suit in its entirety.

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Weil – STR Prevails in Antitrust Case

Weil, Gotshal & Manges, on behalf of its client Specialized Technology Resources, Inc. (“STR”), prevailed in federal district court against JPS Elastomerics Corp. (“JPS”) in connection with various alleged antitrust and unfair competition claims, including the claim that a prior state-court trade secret dispute between the litigants – one which JPS lost – was a sham litigation initiated by our client in order to monopolize the domestic and international market for certain technology used to protect solar panels. JPS sought $60 million in compensatory damages, treble damages available under certain federal laws, a permanent injunction against STR for various activities, reimbursement of legal fees for both the state and federal litigations, and disgorgement of proceeds obtained by STR from allegedly anti-competitive and tortious acts.

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Tags:  Weil, Gotshal & Manges, LLP

Goodwin Procter Advises DST Global on $950 Million Financing Round for Groupon

On December 17, 2010, Goodwin Procter client, DST Global Limited, led a $950 million Series G financing from several venture capital firms and late-stage investors in Groupon, Inc.  Groupon will use the funds to fuel global expansion, invest in technology, and provide liquidity for employees and early investors.  DST had also led a prior funding round for the company.

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Shearman & Sterling Advises Underwriters in Connection with Allied World’s $300 Million Offering of Senior Notes

Shearman & Sterling represented Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC, as joint bookrunning managers, and Deutsche Bank Securities Inc. as joint lead, in connection with Allied World Assurance Company Holdings, Ltd’s public offering of $300 million aggregate principal amount of its 5.50% Senior Notes due 2020.

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Tags:  Shearman & Sterling LLP