Chadbourne & Parke LLP is representing CoaLogix Inc. in connection with the sale of the company for $101 million. The sale, announced on July 29th, was to funds managed by Energy Capital Partners, a U.S.-based private equity firm focused on the energy infrastructure industry.
Tags: New York
Paul, Weiss Advises Emdeon in $3 Billion Blackstone LBO
In its biggest leveraged buyout (LBO) since 2009, Blackstone Capital Partners VI L.P., has entered into a definitive merger agreement with Paul, Weiss client Emdeon, a publicly traded medical billing provider, for approximately $3 billion. Blackstone will acquire a controlling interest in Emdeon, taking the company private.The transaction was noted today in The New York Times “Dealbook.”
Tags: Paul, Weiss, Rifkind, Wharton & Garrison LLP | New YorkDuval & Stachenfeld Represents Angelo, Gordon & Co. and Metropolitan Realty Associates in Sale of Long Island Commercial Complex
Duval & Stachenfeld LLP represented a co-venture of Angelo, Gordon & Co. (an alternative investment manager, with approximately $23 billion under management) and Long Island based Metropolitan Realty Associates (owned by Joseph Farkas) in the sale of a commercial complex located at 1000 Stewart Avenue and 500 Endo Boulevard in Garden City. The transaction marks one of the largest commercial real estate closings on Long Island so far this year.
Tags: New York 
SNR Denton Represents JMI in WPP’s Strategic Investment in the Company
Shearman & Sterling Obtains Bankruptcy Court Approval for $7 Billion GSC Group Asset Sale
Shearman & Sterling recently obtained Bankruptcy Court approval for a sale of $7 billion in investment assets of money manager GSC Group, Inc. and its affiliates. GSC manages assets in the United States and Europe but filed for chapter 11 protection in early 2010 when it was unable to refinance its debt following the global financial crisis. Shearman & Sterling partner James L. Garrity, Jr. was appointed as Chapter 11 Trustee in January of 2011 in the wake of an aborted sale process that broke down amidst accusations concerning breaches of fiduciary duties and conflicts of interest among GSC’s senior management.
Tags: Shearman & Sterling LLP | New York 
Davis Polk Continues Efforts Against New York’s Largest Mortgage Scammers
Two justices of the New York State Supreme Court have issued sweeping orders to restrain the activities of alleged “loan modification” scammers, providing major victories for financially vulnerable homeowners.
Tags: Davis Polk & Wardwell LLP | New York 
Biedermann, Reif, Hoenig & Ruff Joins LeClairRyan in NYC
Recognizing a synergistic opportunity to provide European clients with access to its growing national footprint, LeClairRyan today announced a merger with Biedermann, Reif, Hoenig & Ruff.
Tags: LeClair Ryan, PC | New York Kinney Recruiting’s Danielle Cyr Quoted in Thomson Reuters
White & Case Represents Calpine Corporation in $844.5 Million Power Plant Financing
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.
Tags: White & Case LLP | New York S&C Achieves Significant Appellate Victory in MBIA Case, Reinstating $5 Billion Suit Against the Insurer
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.
Tags: New York 