White & Case Represents Calpine Corporation in $844.5 Million Power Plant Financing

Friday, July 1, 2011
Global law firm White & Case LLP represented Russell City Energy Company, LLC, a project company 75%-owned by Calpine Corporation and 25%-owned by an affiliate of GE Energy Financial Services, in connection with the $844.5 million construction financing of a natural gas-fired, combined cycle power generation facility. The 620 megawatt facility – which is under construction in Hayward, CA, and is expected to begin operations in mid-2013 – is the country’s first power plant to receive a federal air permit that includes a voluntary limit on greenhouse gas emissions.

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Tags:  White & Case LLP | New York

S&C Achieves Significant Appellate Victory in MBIA Case, Reinstating $5 Billion Suit Against the Insurer

Wednesday, June 29, 2011
On June 28, S&C achieved a major victory in the Court of Appeals of the State of New York, successfully reinstating a fraudulent conveyance action brought by 11 of the world’s leading financial institutions, including Bank of America, Morgan Stanley, UBS and others, against the monoline insurer MBIA Insurance (“MBIA”). The bank policyholders challenge a 2009 restructuring that stripped $5 billion in assets from MBIA, thereby slashing MBIA’s ability to honor its contractual obligations to structured-finance policyholders and leaving MBIA as a “dying” insurer with a “junk” credit rating.

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Simpson Thacher Represents Phoenix New Media Limited in its US$140.4 Million Initial Public Offering of American Depositary Shares on the New York Stock Exchange

Wednesday, May 18, 2011
The Hong Kong and Beijing offices of the Firm represented Phoenix New Media Limited (“Phoenix New Media”) in connection with its initial public offering and listing on the New York Stock Exchange of 12,767,500 American Depositary Shares, each representing eight Class A ordinary shares.  Phoenix New Media and the selling shareholders raised a total of US$140.4 million in gross proceeds from the offering, assuming no exercise of the greenshoe option.  Morgan Stanley, Deutsche Bank Securities and Macquarie Capital acted as the joint bookrunners for the offering.  The ADSs of Phoenix New Media are traded on the New York Stock Exchange under the ticker symbol “FENG.”

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Perkins Coie Opens New York Office

Monday, March 7, 2011
Perkins Coie announced today that it has opened an office in New York City, New York. Former Arent Fox partner, Schuyler G. Carroll, has joined the firm and will be the partner in charge of the office. Carroll focuses his practice on complex restructuring, transactional, litigation and advisory work. His experience adds depth to the firm’s national Bankruptcy & Restructuring practice.

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Verizon Purchases Terremark in $1.4 Billion Acquisition – Weil Represents

Monday, January 31, 2011

Weil, Gotshal & Manges represented Verizon Communications in its announced $1.4 billion acquisition of Terremark Worldwide, a leading information technology and cloud computing services company. The deal is structured as a cash tender offer at $19 per share followed by a back-end merger. The deal is expected to close in the first quarter of 2011. Terremark operates 13 data centers throughout the world and provides a range of business services to large corporations and US government agencies. The company will continue to operate under the Terremark brand. More >>

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LeClairRyan Adds 34 Attorneys and Professional Staff, Opens Rochester, NY Office

Monday, January 3, 2011

In further support of its client-driven business focus, the national law firm LeClairRyan has announced the establishment of a Rochester, N.Y. office through the addition of former Nixon Peabody attorneys and staff who will expand upon the firm’s capabilities in intellectual property, bankruptcy and commercial litigation matters. This move bolsters LeClairRyan’s current IP, bankruptcy and litigation practices, while also creating opportunities for clients of the firm nationally.

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Tags:  LeClair Ryan, PC | New York