Billionaire Steven A. Cohen’s SAC Capital Advisors LP, the hedge fund accused of fostering a culture of rampant insider trading, has agreed to plead guilty Nov. 8 to securities fraud and wire fraud, pay a record $1.8 billion and shutter its investment advisory business.
Dentons LLP, the 2,600-lawyer global law firm, and McKenna Long & Aldridge LLP, a 575-lawyer firm, will put their proposed merger to a vote of partners in the next two weeks, both firms confirmed in an e-mail.
Bernard Madoff’s former personal secretary is among five of the con man’s ex-employees who will be the first to face a jury in a criminal trial for their alleged roles in carrying out the world’s biggest Ponzi scheme.
Wachtell Lipton Rosen & Katz advised Umpqua Holdings Corp., Oregon’s biggest bank, which agreed to pay about $2 billion in stock and cash to buy Sterling Financial Corp., the lender backed by Warburg Pincus LLC and Thomas H. Lee Partners LP.
Bank of America Corp.’s law firm defending the company against MBIA Inc. in a dispute over defective mortgages said that a court ruling in a separate case means lenders should reevaluate their reserves for bad loans.
Simpson Thacher & Bartlett LLP is representing Nielsen Holdings NV, the biggest tracker of U.S. television ratings, which agreed to buy Arbitron Inc. for about $1.26 billion in cash to gain access to the largest source of data on the country’s radio listeners. Morrison & Foerster LLP served as legal adviser to Arbitron.