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.
Sprint Nextel Corp. urged a federal judge to reject AT&T Inc.’s bid to throw out its lawsuit to stop AT&T’s purchase of T-Mobile USA Inc., arguing the deal would leave just two major U.S. wireless companies and hurt its business.
Wilmer Cutler Pickering Hale & Dorr LLP hired two U.S. government general counsels, Dan Berkovitz from the Commodity Futures Trading Commission and Mark Cahn from the Securities and Exchange Commission, to the firm’s securities department in Washington.
Weil, Gotshal & Manges LLP advised Fidelity National Financial Inc., the largest U.S. title insurer, on an agreement to buy its former unit, Lender Processing Services Inc. Cravath, Swaine & Moore LLP advised LPS.
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.
Willie Gault, the former NFL wide receiver and Olympic sprinter, was accused by U.S. regulators of taking part in a scheme to artificially inflate the stock of a medical-device company that he managed.
Warren Buffett’s Berkshire Hathaway Inc. and Jorge Paulo Lemann’s 3G Capital agreed to buy HJ Heinz Co. for about $23 billion as the billionaires increased their bets on consumer products. Munger, Tolles & Olson LLP represented Berkshire Hathaway. Kirkland & Ellis LLP represented 3G Capital, and Davis Polk & Wardwell LLP provided legal counsel to the ketchup maker.