Cooley LLP announced an important litigation victory for Cooley client Entergy Corporation. The Fifth Circuit ruled in favor of Entergy’s claim for almost $250 million in foreign tax credits for the UK “windfall tax,” a tax on companies in regulated industries that were privatized by the UK. The victory was the product of close collaboration between Entergy’s Tax Counsel and the Cooley tax litigation team. The victory was achieved despite a recent adverse Third Circuit ruling (not involving Cooley) on the same tax.

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DLA Piper announced today that David Luce has joined the firm’s Corporate and Finance practice and Insurance and Reinsurance Sector practice as a partner in New York.

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Chadbourne represented WAMEX Private Equity Management L.L.C. on the formation of Multinational Industrial Fund II, L.P., which held its final closing in March 2012. The fund represents the second private equity fund raised by WAMEX, and was formed to make growth equity investments in a broad spectrum of sectors throughout Mexico.

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The Firm recently represented the initial purchasers, led by Barclays, Citigroup, Goldman, Sachs & Co., J.P. Morgan, RBS, Credit Suisse, Deutsche Bank Securities, HSBC and Wells Fargo Securities, in the Rule 144A/Regulation S offering of $6 billion aggregate principal amount of notes of Kraft Foods Group, Inc. (“Kraft Foods Group”). The notes will be initially guaranteed by Kraft Foods Inc. (“Kraft”), which guarantee will be automatically released upon the completion of Kraft’s spin-off of Kraft Foods Group to its shareholders.

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Shearman & Sterling represented Media General, Inc., a publicly traded media company, in connection with financing agreements reached with Berkshire Hathaway, Inc.

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On the heels of hiring a core team of attorneys in the New Jersey-based Financial Services practice, national law firm Wilson Elser has retained another experienced attorney to grow its financial services/securities business. The firm is happy to report that Janene Marasciullo, a seasoned trial attorney and litigator, has joined its Midtown Manhattan office as a partner.

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The Kraft Group, LLC and Schwarz Partners, LP have agreed to acquire two containerboard mills from global paper and packaging company International Paper.

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Morgan Lewis today announced the addition of Allan Reiss—a practitioner with nearly 30 years of experience in capital markets, finance and M&A transactions—to its Business and Finance Practice, resident in the firm’s New York office. He was most recently a partner with the New York office of Vinson & Elkins LLP, where he practiced corporate and securities law as a member of that firm’s Capital Markets group.

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Blank Rome LLP is pleased to announce that Debra P. Goldberg has joined the Firm as a partner in the Financial Services group. For 25 years, Ms. Goldberg has concentrated her practice in the areas of commercial finance, structured finance, and equipment leasing and finance. In particular, Ms. Goldberg focuses on complex aircraft financing and leasing transactions of both commercial and corporate aircraft. Ms. Goldberg represents financial institutions, including commercial and investment banks, leasing and finance companies, monoline insurers, and public and private corporate entities. She is based in the Firm’s New York office.

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Chadbourne & Parke LLP represented Rio Bravo Investimentos Ltda. as its international fund counsel in the formation of Rio Bravo Energia I FIP, a Brazilian private equity fund. The fund recently held its final closing on May 4th, 2012, raising R$463 million (US$227 million) from both domestic and international investors. The fund will make investments primarily in Brazilian small to mid-sized greenfield power generation projects with a focus on renewable energy from hydro, wind and biomass projects.

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