Simpson Thacher is representing M*Modal Inc. (NASDAQ: MODL) in connection with its announced sale to an affiliate of One Equity Partners for $14.00 per share in an all-cash deal with an enterprise value of approximately $1.1 billion. Bank of America Merrill Lynch and RBC Capital Markets are providing committed debt financing to One Equity Partners. The transaction is structured as a tender offer (followed by a short-form merger) and is expected to close during the third quarter of 2012, pending receipt by the purchaser of sufficient tendered shares to consummate the transaction, regulatory approvals and other customary closing conditions.

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Paul Hastings LLP, a leading global law firm, announced today that the firm represented Klune Industries, a leader in the manufacturing of aerostructures components, in its sale to Precision Castparts Corp., a worldwide, diversified manufacturer of complex metal components and products.

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The international law firm of Chadbourne & Parke announced today that project finance lawyers Paul J. Kaufman and Evelyn Lim will join the firm as partners on August 1 in the Los Angeles office, bolstering Chadbourne’s West Coast project finance capabilities.

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Greenberg Glusker announced today that bankruptcy attorney Brian L. Davidoff and his practice group will join the Firm, effective July 1, 2012. Davidoff will head the Firm’s Bankruptcy and Financial Restructuring Group. The attorneys moving with Davidoff include C. John M. Melissinos and Claire E. Shin, who also will join Greenberg Glusker’s Bankruptcy and Financial Restructuring Group, and Benjamin M. Alexander, who will join Greenberg Glusker’s Corporate Group. All four have practiced at Davidoff Gold LLP since February 2012, and prior thereto practiced at Rutter Hobbs & Davidoff, where Davidoff was Managing Partner.

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Ogletree, Deakins, Nash, Smoak & Stewart, P.C. (Ogletree Deakins), one of the nation’s largest labor and employment law firms, welcomes Dawn Collins and Katessa Charles Davis as shareholders to the firm’s Los Angeles office. Collins joins Ogletree Deakins from Jackson Lewis; and Davis from Steptoe & Johnson LLP. Since January, Ogletree Deakins’ Los Angeles office has grown by nearly 20 percent in response to client demand. Nationally, Ogletree Deakins has added shareholders in the firm’s offices in Atlanta, Denver, New Orleans, New York City, and Philadelphia.

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The California Department of Transportation (“Caltrans”) announced today that, in cooperation with the San Francisco County Transportation Authority, financial close has been reached on the Presidio Parkway Project public-private partnership (“P3”). A Nossaman team, led by Barney Allison, advised Caltrans on the procurement, financing and contracts for the project. The $1.1 billion deal will be the first transportation P3 in California under the recently enacted P3 statute, Streets and Highways Code section 143, and only the third highway project developed through an availability payment structure.

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Katten Muchin Rosenman LLP announced today that the firm has added a national team of premier restructuring, insolvency and finance attorneys to its strong bench of practitioners serving financial institutions. The team consists of Craig Barbarosh, who will be based in Orange County and New York; Bill Freeman, Jan Cate and Brad Wolf, who will join the firm as partners in Los Angeles, opening an additional office in the downtown area; and Karen Dine, who will join as a partner practicing in Katten’s New York office. In addition, Mr. Barbarosh will join Katten’s leadership team and help expand the firm’s relationships with and breadth of professional services for financial institutions and related entities.

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The global law firm Jones Day welcomes Beong-Soo Kim as a partner in its Issues & Appeals Practice, resident in its Los Angeles Office.

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In June 2010, the firm represented an investor group led by ZelnickMedia in its acquisition of Alloy, Inc. The firm is currently representing Alloy, Inc. in the sale of its Alloy Entertainment, LLC division to the television group of Warner Bros. Entertainment Inc. The deal is subject to customary closing conditions and is expected to close in the third calendar quarter.

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Hogan Lovells announced today that it advised News Corporation (News Corp) in connection with News Corp’s entry into a definitive agreement with ESPN to acquire ESPN’s fifty percent equity interest in ESPN STAR Sports (ESS), giving News Corp full ownership of ESS. With the acquisition, News Corp furthers its commitment to deliver sports programming to consumers across the globe, particularly in Asian emerging markets.

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