Kirkland & Ellis LLP is advising Exelon Corp., the largest U.S. nuclear operator, on its agreement to buy Pepco Holdings Inc. in an all-cash deal for $6.8 billion. Sullivan & Cromwell LLP and Covington & Burling LLP served as legal counsel to Pepco.
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.
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.