Davis Polk is advising Vector Capital on the $2.2 billion leveraged buyout of Quest Software, Inc. Joining with CEO Vincent Smith and Insight Venture Partners, on June 19, 2012, Vector Capital entered into definitive agreements to acquire Quest for $25.75 per share in cash. The transaction is also being financed with approximately $1.2 billion of debt financing commitments from J.P. Morgan Chase Bank N.A., RBC Capital Markets and Barclays Capital.

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On Friday, June 15, 2012, Davis Polk won a significant victory on behalf of Deloitte & Touche LLP in the Alabama Supreme Court with an affirmance of the dismissal of a securities-fraud lawsuit arising out of the 1995 leveraged recapitalization of the Bruno’s regional supermarket chain. This brings to a close 12 years of litigation brought in two states by renowned trial lawyer Leo Beus via three separate actions, each of which Davis Polk had dismissed in turn.

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Global law firm White & Case LLP successfully defended Chimei InnoLux Corporation, one of Taiwan’s leading makers of flat panels and liquid-crystal displays (LCDs) used in computer and television screens, in a Section 337 Investigation brought before the US International Trade Commission (ITC).

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Akerman Senterfitt recently represented Carrols Restaurant Group, Inc., a public company and the largest Burger King franchisee, in the acquisition of 278 of Burger King Corporation (BKC) company-owned restaurants in Ohio, Indiana, Kentucky, Pennsylvania, North Carolina, South Carolina, and Virginia and related financing transactions.

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Cahill Gordon & Reindel LLP is pleased to announce that Herbert S. Washer has joined the firm as a partner in the litigation practice group. Mr. Washer joins Cahill with over two decades of experience representing clients in a wide variety of securities and antitrust-related civil litigation, as well as regulatory enforcement and criminal matters.

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Davis Polk advised PPL Capital Funding, Inc. on its SEC-registered offering of $400 million aggregate principal amount of 4.2% senior notes due 2022, fully and unconditionally guaranteed by PPL Corporation (PPL). BNP Paribas Securities Corp., Goldman, Sachs & Co., J.P. Morgan Securities LLC and UBS Securities LLC acted as representatives of the several underwriters for the offering. PPL Capital Funding expects to loan the net proceeds from the sale of the notes to subsidiaries of PPL, which will use the funds for general corporate purposes.

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Gibbons P.C. continues its strategic expansion in key markets, industries, and service areas with the addition of three experienced, highly regarded attorneys. William M. Moran, Suzanne L’Hernault, and Peter Flägel have recently joined the firm as Directors, Mr. Moran in the Business & Commercial Litigation Department and Mr. Flägel and Ms. L’Hernault in the Corporate Department.

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Drinker Biddle & Reath LLP today welcomes noted trademark lawyer Scott E. Thompson as a partner in its Intellectual Property Practice Group in New York, further enhancing the firm’s ability to provide a full range of IP services to its clients. Thompson was previously with Greenberg Traurig in New York.

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Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC , Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC in connection with the registered public offering of $600 million principal amount of 2.750% Senior Notes due 2017 and $400 million principal amount of 3.950% Senior Notes due 2022 of Symantec Corporation.

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Leading law firm Seyfarth Shaw LLP announced today that it has represented Dubai-based Friendi Group in its strategic partnership agreement with Virgin Group to establish Virgin Mobile Middle East & Africa.

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