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SQUIRE, SANDERS NIPS FROM MANATT, PHELPS Squire, Sanders & Dempsey has snagged corporate and securities partner Arman Pahlavan from Manatt, Phelps & Phillips. Pahlavan, who joined the Palo Alto office of Cleveland-based Squire, Sanders earlier this month, was made co-chair of the firm’s Northern California private equity and technology practice. Pahlavan said he was drawn to Squire, Sanders’ international platform, particularly the firm’s office in China. That’s where many Silicon Valley companies “look to in terms of growth,” Pahlavan said. “There are also a lot of recent U.S. deals involving Japan.” The 725-attorney Squire, Sanders has 21 lawyers in its Palo Alto office and 39 in its San Francisco outpost. It has 10 lawyers in its Beijing and Shanghai offices, 21 lawyers in Tokyo and six lawyers in Hong Kong. A 1991 graduate of Hastings College of the Law, Pahlavan spent three years at Manatt. Prior to that, he had his own law firm, Georgopoulos & Pahlavan, where he specialized in early stage tech companies and venture capital funds. His clients have included New Enterprise Associates, Invesco Private Capital and Znyx Networks Inc. Nicholas Unkovic, managing partner of Squire, Sanders’ Palo Alto office, said the firm plans “to expand significantly in Northern California,” with a focus on intellectual property, including patent litigation, commercial litigation and corporate work. Pahlavan is the fourth partner the firm has hired in Northern California this year. The firm established a presence in California four years ago when it acquired the bulk of Graham & James. — Brenda Sandburg NASDAQ UNABLE TO STOP RIVAL EXCHANGE NEW YORK — The Nasdaq stock market has lost several claims in its bid to prevent a rival exchange from trading in an investment product bearing the Nasdaq name. Southern District of New York Judge Denise Cote ruled that Archipelago Exchange could not be stopped from listing and facilitating trading of the Nasdaq 100 Index Tracking Stock, which goes by the ticker symbol QQQ, at least not through Nasdaq’s claim of a property interest in the Index. Nasdaq claims to have spent $58 million promoting QQQ. It alleged that Archipelago, by trading in QQQ without a license, amounted to misappropriation, unfair competition, unjust enrichment and intentional interference with prospective economic advantage. But Judge Cote found in The Nasdaq Stock Market v. Archipelago Holdings, 03 Civ. 8231, that Nasdaq “has no protectable property interest” in the QQQ shares held by investors and “since each of its common law claims is premised on such an interest, those claims must be dismissed.” However, the judge declined to dismiss Nasdaq’s claims for trademark infringement and false advertising under the Lanham Act. Two years after Nasdaq launched QQQ, the Securities and Exchange Commission approved the proposal of Pacific Exchange to establish Archipelago Exchange as its new electronic trading exchange. While Pacific canceled its own license to trade the QQQ product in 2002, it still facilitated the trading of QQQ shares on ArcaEx and QQQ is its most actively traded product. — New York Law Journal

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