Pillsbury today announced that Peter A. Baumgaertner has joined the firm’s Corporate & Securities practice section as a partner in its New York office. With a broad, international practice spanning capital markets, infrastructure projects, commercial lending and securities, Baumgaertner is a perfect fit within several of Pillsbury’s strategic practice areas, including project finance, energy, capital markets and insolvency. He arrives from Dewey & LeBoeuf LLP and becomes the eighth partner Pillsbury has added in New York this year.

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The Firm is representing J.P. Morgan Securities LLC as financial advisor to the Board of Directors of PlainsCapital Corporation in connection with Hilltop Holdings Inc.’s acquisition of PlainsCapital Corporation. Hilltop Holdings Inc. intends to finance the transaction with $318 million of cash and 27.5 million shares of Hilltop Holdings Inc. common stock.

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On May 9, Bed Bath & Beyond Inc. and Cost Plus, Inc. announced that they have entered into a definitive agreement under which Bed Bath & Beyond will acquire Cost Plus in an all cash transaction valued at $495 million.

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In another victory for CBS and certain current and former executives, Weil obtained a significant decision from the US Court of Appeals for the Second Circuit that affirmed the 2011 dismissal of a federal securities fraud class action against our clients. In its May 10, 2012 opinion, the Second Circuit affirmed “for substantially the reasons stated in the district court’s thoughtful and thorough opinions [dismissing the second amended complaint],” and expanded the application of its 2011 decision in Fait v. Regions Fin. Corp. to encompass claims concerning goodwill brought under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (1934 Act).

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Bressler, Amery & Ross, P.C. is pleased to announce that Rania V. Sedhom joined the firm as Chair of the Firm’s Executive Compensation and Employee Benefits practice group and also a Member of the Employment Law Section.

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Davis Polk advised underwriters represented by Barclays Capital Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and RBS Securities Inc. in connection with a public offering by International Business Machines Corporation of $900 million principal amount of its 0.75% notes due 2015 and $600 million principal amount of its 1.875% notes due 2019.

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A trio of leading energy lawyers has joined Baker Botts L.L.P. in New York and Houston, bolstering the firm’s reputation as the go-to law firm in the energy industry for resolving complex legal problems.

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Mayer Brown, a leading global law firm, announced today that Barbara M. Goodstein has joined the firm in New York as a partner in the Banking & Finance practice. Previously, she was a partner with Dewey & LeBoeuf in New York.

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Davis Polk advised the United States Department of the Treasury (Treasury) in connection with its offering of approximately 188.5 million shares of common stock of American International Group, Inc. (AIG), which included the full exercise of the underwriters’ over-allotment option, representing proceeds to Treasury of approximately $5.8 billion. AIG agreed to purchase approximately 65.6 million shares in the offering, representing $2 billion of Treasury’s proceeds from the sale.

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The firm is pleased to announce that Henry J. Ricardo has become a partner effective May 10, 2012. Focused on financial services litigation, Mr. Ricardo has represented a broad range of entities, including a financial guaranty insurer, international banks, venture capital funds, securities brokers and financial advisors. He has been active in a number of high-profile matters that arose out of the recent economic crisis.

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