Dow Chemical Co., the largest U.S. chemical maker by sales, said it received $2.19 billion in cash from Petrochemical Industries Co. of Kuwait as compensation for the cancellation of a joint venture more than four years ago.
Baker & McKenzie LLP will merge with United Arab Emirates 40-lawyer law firm Habib Al Mulla on July 1, to create Baker & McKenzie Habib Al Mulla. The firm will advise clients on local and international law in its Dubai offices and, with regulatory approval, in Abu Dhabi.
Skadden Arps Slate Meagher & Flom LLP is representing ASML Holding NV, Europe’s largest semiconductor-equipment supplier, which agreed to buy Cymer Inc. for 1.95 billion euros ($2.6 billion), its biggest deal ever, to satisfy customer demand for more advanced chipmaking technology. Sullivan & Cromwell LLP represents Cymer.
Richard Strassberg, the Goodwin Procter LLP lawyer who represented Martha Stewart’s broker Peter Bacanovic in his 2004 criminal trial, will head a legal team defending former SAC Capital Advisors LP portfolio manager Mathew Martoma against insider-trading charges.
A. Schulman Inc., a U.S. plastics maker, hired Moelis & Co. to serve as financial adviser on its unsolicited offer to acquire Ferro Corp. for $563 million, signaling its intent to continue pursuit of the chemical maker.
Affirmative action came under attack at the U.S. Supreme Court as Chief Justice John Roberts took the lead in questioning whether universities should continue to give special preference to racial minorities.
John Mack, the former head of Morgan Stanley, is going into business with a 77-year-old tax lawyer who oversees more than $15 billion in investment assets for clients such as ex-basketball star Magic Johnson and the founding family of Estee Lauder Cos., Bloomberg News’s Miles Weiss reports.