The Washington Redskins lost a trademark decision after a federal agency ruled the team’s name disparaged Native Americans, threatening millions of dollars in sales of everything from football jerseys to beer coolers.
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.
Former U.S. Bankruptcy Judge James Peck will represent the official committee of unsecured creditors in the bankruptcy of Energy Future Holdings Corp., the Texas power company that is trying to restructure about $40 billion in debt.
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.
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.
Some Energy Future Holdings Corp. suppliers, a federal pension insurer and bondholder trustees who oppose a deal to give part of the company to senior lenders were named to a panel representing lower-ranked creditors in the electricity provider’s $50 billion bankruptcy.
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.