Davis Polk & Wardwell LLP advised Shire Plc, which agreed to buy ViroPharma Inc. for about $4.2 billion to gain treatments for rare diseases and lessen dependence on its best-selling Vyvanse pill for attention deficit hyperactivity disorder. Skadden, Arps, Slate, Meagher & Flom LLP advised ViroPharma.
Detroit’s bankruptcy trial ended yesterday without a ruling from the judge on whether the city can remain under court protection, where creditors are limited in what they can do to challenge the city’s restructuring process.
Cooper Tire & Rubber Co. could have quickly closed an agreement with the United Steelworkers union and expedited a planned $2.5 billion buyout by Apollo Tyres Ltd. if it had been allowed to take part in union negotiations, a lawyer testified today at trial.
Skadden Arps Slate Meagher & Flom LLP and Torys LLP advised Endo Health Solutions Inc. on its agreement to buy Canadian drugmaker Paladin Labs Inc. for about $1.6 billion to expand in that country and emerging markets.
Andy Dillon, Michigan’s former treasurer, wrote an e-mail while he was still in office questioning the initial justification for Detroit’s $18 billion bankruptcy, saying it made the filing appear “premeditated.”
Kevyn Orr told a federal judge he didn’t agree to become Detroit’s emergency manager as part of a plan to force the city into bankruptcy, denying one prong of an attack by union and retired city workers at a trial this week.