A court fight over more than $7 billion raised for bondholders and other creditors of Nortel Networks Corp. will be delayed unless a judge finds that European units of the defunct telephone maker filed a “frivolous” appeal, company lawyers said yesterday.
Ropes & Gray LLP added four new corporate partners. Bracewell & Giuliani LLP lawyers Jonathan Gill and Robb Tretter join the firm in New York as partners in the private-equity practice, focusing on distressed investing. Mark Wesseldine, previously of Fried Frank, Harris, Shriver & Jacobson LLP will be joining the firm as a finance partner in London. Victoria Lloyd, a capital markets and mergers and acquisitions lawyer also from Fried Frank, is joining Ropes & Gray in its Hong Kong office.
Wachtell, Lipton, Rosen & Katz and Wilmer Cutler Pickering Hale & Dorr LLP acted as legal advisers to Thermo Fisher Scientific Inc., the second-biggest maker of life-sciences equipment by market value, which agreed to buy Life Technologies Corp. for $13.6 billion in cash in a deal that expands its reach in medical testing.
Robert W. Cook, former director of the division of trading and markets of the U.S. Securities and Exchange Commission, will return to Cleary Gottlieb Steen & Hamilton LLP as a partner. He will be based in the firm’s Washington office and will focus on securities, derivatives, and market regulation, the firm said.
Freeport-McMoRan Copper & Gold Inc., the world’s largest publicly traded copper producer, agreed to acquire Plains Exploration & Production Co. and McMoRan Exploration Co. for about $9 billion as the company returns to its roots in energy.