An appellate court in New York last week rejected one theory underlying a malpractice claim against Cadwalader, Wickersham & Taft LLP over a commercial mortgage- backed securitization, or CMBS, while letting another stand.
Charles Duross, who secured almost $2 billion in corporate penalties as the head of the U.S. Justice Department unit devoted to pursuing foreign bribery cases, has left the government to join Morrison & Foerster LLP in Washington.
Charles “Chuck” Duross, who secured almost $2 billion in corporate penalties as the head of the U.S. Justice Department unit devoted to pursuing foreign bribery cases, left the government to join Morrison & Foerster LLP in Washington.
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.
Morrison & Foerster LLP represents Softbank Corp., which agreed to buy a stake of about 70 percent in Sprint Nextel Corp. for $20.1 billion as Japan’s third- biggest mobile-phone operator seeks growth overseas amid a declining local market. Skadden Arps Slate Meagher & Flom LLP served as lead counsel to Sprint.
Residential Capital LLC, the defunct mortgage company, will end its bankruptcy within the next two weeks after winning court approval of a liquidation plan that resolves more than $100 billion in potential lawsuits, a company attorney said.
Federal securities class-action filings decreased by about 10 percent last year from 2011, PricewaterhouseCoopers found in its 17th annual Securities Litigation Study published yesterday. There were 172 cases in 2012, compared with 191 cases in 2011, with a significant drop in the fourth quarter of 2012.