Weil, Gotshal & Manges LLP was counsel to Brookfield Property Partners LP, the commercial real estate company that was spun off by its Canadian parent earlier this year, in its agreement to purchase U.S. industrial-property assets from Japan’s Kajima Corp. for $1.1 billion. Morrison & Foerster LLP is advising Kajima.
Latham & Watkins LLP advised Darden Restaurants Inc., which agreed to sell the Red Lobster seafood- restaurant chain to Golden Gate Capital for $2.1 billion. Kirkland & Ellis LLP represented Golden Gate. Wachtell, Lipton, Rosen & Katz is legal adviser to Darden directors.
Dell Inc. said yesterday it received proposals from Blackstone Group LP and Carl Icahn that may be superior to Michael Dell’s $24.4 billion buyout plan, putting pressure on the founder to sweeten his terms or switch allegiances. The new bidders increase the number of lawyers who are working on the deal.
Four energy lawyers are joining Bracewell & Giuliani LLP in the London office. Ben James, from Linklaters LLP, Darren Spalding, from Allen & Overy LLP, and Martin Stewart-Smithwill, from Morgan, Lewis & Bockius LLP, join as partners, along with a senior counsel from Herbert Smith Freehills LLP.
A partner and former member of the executive committee at Sidley Austin LLP was accused by the Illinois Attorney Registration and Disciplinary Commission of misappropriating $119,000 through a fund for expenses established for a client.
Weil Gotshal & Manges LLP and Proskauer Rose LLP represented American Realty Capital Properties Inc., which offered to buy Cole Credit Property Trust III Inc. for at least $5.7 billion, seeking to create one of the largest real-estate investment trusts that leases space to single tenants. Sullivan & Cromwell LLP is advising Cole Holdings as owner of the external manager to Cole Credit Property Trust III.