On January 2, 2013, Weil obtained a significant victory on behalf of its clients, former independent directors of Satyam Computer Services Ltd., when the US District Court for the Southern District of New York dismissed all claims against them in the shareholder class action In re Satyam Computer Services Ltd. Securities Litigation. Weil represents five of the seven former directors and has acted as lead counsel for all of the defendant directors named in the suit.

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Crowell & Moring LLP is pleased to announce the addition of federal prosecutor Glen G. McGorty to its New York office. Most recently, McGorty served as a senior assistant United States attorney (AUSA) in the Criminal Division in the United States Attorney’s Office for the Southern District of New York (SDNY), and senior trial counsel in the SDNY’s Public Corruption Unit. He joins Crowell & Moring’s White Collar & Regulatory Enforcement Group. A proven trial lawyer, McGorty has been lead counsel in 15 federal jury trials, and he has briefed and argued over a dozen cases to the U.S. Court of Appeals for the Second Circuit.

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There will be a transition from Current TV’s existing programming until Al Jazeera’s new US-based channel begins to air in 2013 from New York City on Current TV’s distribution network. In addition to the existing Al Jazeera news bureaus in New York, Washington, DC, Los Angeles, Miami and Chicago, Al Jazeera plans to open additional bureaus in key locations across the US.

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Paul Hastings LLP, a leading global law firm, announced today that the firm represented Acadia Realty Trust, a real estate investment trust, in the sale of 12 self-storage properties located in the New York City area for $261.5 million. The purchaser of the self-storage space is a joint venture between an institutional investor and the current Storage Post management team.

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International law firm Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Marcelo Mottesi, acted as special US counsel to Bank of America, N.A. as lender under a credit and guaranty agreement in the amount of US$726 million to the Brazilian State of Santa Catarina. The loan matures in 2022, and is guaranteed by the Federative Republic of Brazil.

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Zuckerman Spaeder LLP is pleased to announce that the Hon. Barbara S. Jones, a former judge in the U.S. District Court for the Southern District of New York, is joining the firm as a partner in its New York office. Judge Jones brings to Zuckerman Spaeder 17 years of experience on the bench and more than two decades as a federal prosecutor. She will focus her practice on internal investigations, corporate compliance issues, and monitorships, as well as assisting individual and institutional clients to solve their legal problems.

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Bracewell & Giuliani LLP represented Flagstar Bancorp, Inc., the holding company for Flagstar Bank, in its announced sale of a substantial portion of its Northeast-based commercial loan portfolio. Flagstar has entered into a Transaction Purchase and Sale Agreement under which a wholly-owned subsidiary of CIT Bank, the U.S. commercial bank subsidiary of CIT Group Inc., will acquire this portion of the portfolio. The transaction is effective December 31, 2012.

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On January 3, 2013, Unilever announced that it has signed a definitive agreement for the sale of its global Skippy business to Hormel Foods for a total cash consideration of approximately $700 million. Cravath represented Unilever in connection with this transaction.

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Chadbourne & Parke LLP represented the shareholders of TIBA Satellite Services S.A. in the recent sale of the company to Encompass Digital Media.

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On January 3, it was announced that Willkie client Brookfield Asset Management Inc. has informed General Growth Properties, Inc. that affiliates of Brookfield acquired the GGP warrants held by affiliates of Pershing Square Capital Management, L.P. The warrants represent the right to acquire 18,432,855 shares of GGP common stock, par value $0.01 per share. Brookfield has offered the board of directors the ability to acquire (over a 30-day period) the same warrants for the same purchase price of $271,884,611 paid by Brookfield.

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