Latham & Watkins LLP’s Zachary Fardon was nominated by President Obama to be U.S. Attorney for the Northern District of Illinois in Chicago. He would replace Patrick Fitzgerald, who left last June and joined Skadden Arps Slate Meagher & Flom LLP.
Almost five years after Lehman Brothers Holding Inc. filed for bankruptcy and set off the global financial crisis, managers of the bank’s estate are demanding millions of dollars from retirement homes, colleges and hospitals.
Sheila Birnbaum, co-head of Skadden, Arps, Meagher & Flom LLP’s mass-torts and insurance group, is joining Quinn Emanuel Urquhart & Sullivan LLP, where she will co-head the global product-liability and mass-torts practice. Skadden product-liability lawyer Mark Cheffo also joins Quinn Emanuel as a partner.
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.
Weil Gotshal & Manges LLP , chief bankruptcy counsel for old General Motors Corp ., was docked almost $140,000 by the fee examiner for time spent reviewing the firm’s own time records. At a hearing tomorrow, the bankruptcy judge will pass on $14.7 million in fee requests by all professionals in the case for the period from Oct. 1 through Jan. 31.
Lehman Brothers Holdings Inc. will pay its lead bankruptcy law firm Weil Gotshal & Manges LLP $1 million for expenses in the four months from June 1 to Sept. 30, on top of fees of $42.6 million, according to a court filing.