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BIG DEALS: Cisco/Andiamo Lawyers in the Palo Alto, Calif., office of San Francisco’s Brobeck, Phleger & Harrison represented Cisco Systems Inc. on its purchase of San Jose, Calif., neighbor Andiamo Systems Inc., a privately held company that develops network data storage equipment. Andiamo was represented by attorneys in the Palo Alto office of Wilson Sonsini Goodrich & Rosati. The final price of the transaction will be based upon Andiamo’s sales in the three months prior to closing, as well as Cisco’s share price and sales. Cisco, which already holds a substantial stake in Andiamo, estimates the price could go as high as $2.5 billion. The deal has been approved by both companies and is expected to close in Cisco’s fiscal 2004 third quarter, according to a report by the Associated Press. Attorneys at Brobeck and Cisco said the transaction was characterized by how well everyone worked together. “All parties worked very collaboratively to get this deal and the deal structure put together,” said Scott Lester, Cisco’s in-house counsel. Brobeck partner William Chuang worked with associates Tracy Parola and Richard Meamber in the Palo Alto office. New York-based partner William Myers and San Diego-based senior counsel Jeffrey Garfinkle also worked on the deal. Palo Alto-based Wilson Sonsini partner Martin Korman and associate Michael Weisberg represented Andiamo. Lester and Sherman Chu served as in-house counsel for Cisco. Univision Communications/ Hispanic Broadcasting Univision Communications Inc., the country’s numero uno Spanish-language television network, hopes to become supremo in a new medium with its $3.5 billion stock offer for Hispanic Broadcasting Corp., the top Latino radio group. Univision owns 50 TV stations across the United States; Hispanic Broadcasting controls 55 radio stations. Clear Channel Communications Inc., the radio giant that owns 26 percent of Hispanic Broadcasting, is supporting the acquisition. But Spanish Broadcasting System Inc. — which once hoped for its own merger with Hispanic Broadcasting — is trying to jam the deal. Just hours after Univision announced its plans, Spanish Broadcasting System sued Hispanic Broadcasting and Clear Channel in Miami federal court for alleged past anticompetitive behavior. The Latino audience has become increasingly attractive to corporate America. Univision’s closest TV rival, Telemundo Communications Group Inc., was recently acquired by the National Broadcasting Company Inc. For Acquiror Univision Communications Inc. (Los Angeles) In-House: General counsel C. Douglas Kranwinkle, deputy general counsel Phyllis Verdugo and legal counsel John Aceves. O’Melveny & Myers (Los Angeles): Corporate: Kendall Bishop, Robert Haymer, Allison Keller, and associates Erin Chrislock, Kenneth Firtel, Robert Miller and Eric Zabinski. Tax: Robert Blashek III. Antitrust: Richard Parker. Employee benefits: associate Robert Lowe. Real estate: associate Aline Taireh. (All are in the firm’s Century City, Calif., office, except for Parker, who is in Washington, D.C.) The firm is longtime outside counsel to Univision. Shaw Pittman (Washington, D.C.): FCC: Scott Flick. The firm has a long-standing relationship with Univision. Howrey Simon Arnold & White (Washington, D.C.): Antitrust: Edward Henneberry, James Rill, John Taladay, and associate Ramsey Wilson. The firm has represented Univision in other matters. For Target Hispanic Broadcasting Corporation (Dallas) Vinson & Elkins (Houston): Corporate: Mark Early, Michael Wortley and associates James Kull, Victoria Mitchell and Andrew Wright. Antitrust: Neil Imus. (All are in the firm’s Dallas office, except for Imus, who is in Washington, D.C.) The firm has served as outside counsel to Hispanic Broadcasting for several years. Cohn and Marks (Washington, D.C.): FCC matters: Lawrence Cohn and Roy Russo. The firm has a long-standing relationship with Hispanic Broadcasting. For Hispanic Broadcasting Shareholder Clear Channel Communications, Inc. (San Antonio) In-House: Senior vice president and general counsel Kenneth Wyker and corporate counsel Phillip Hall. Akin, Gump, Strauss, Hauer & Feld (Dallas): Corporate/securities: N. Kathleen Friday, J. Kenneth Menges Jr., Stephen Mount, Michael Slaney, counsel Wilhelm Liebmann and associates Robert Griffin and Scott Kimpel. Tax: Daniel Micciche and W. Thomas Weir. Antitrust: Charles Biggio. (Mount, Liebmann and Weir are in the firm’s San Antonio office. Biggio is in the firm’s New York office.) The firm has represented Clear Channel in other M&A matters. Outlook: Univision expects the deal to close by the end of the year, but Spanish Broadcasting’s suit remains a wild card. At press time Spanish Broadcasting was considering whether to petition the Federal Communications Commission to block the deal. Penn National/ Hollywood Casino Dallas attorneys represent Hollywood Casino Corp., which is being acquired by Penn National Gaming Inc. in a deal valued at approximately $916 million, which includes $569 million of long-term debt of Hollywood Casino and its subsidiaries. Under the terms of the agreement, Hollywood Casino will merge with a wholly owned subsidiary of Penn National, which is based in Wyomissing, Pa., and Hollywood Casino shareholders will receive cash in the amount of $12.75 per share at closing. Hollywood Casino and its subsidiaries own Hollywood-themed casino entertainment facilities in Illinois, Mississippi and Louisiana. Following the proposed acquisition, Penn National will be the seventh largest public gaming company in the United States with annual revenues in excess of $1 billion. The transaction is expected to close in the first half of 2003. Hollywood general counsel Walter E. Evans is being assisted by lawyers from Weil Gotshal & Manges, including Dallas partner Michael A. Saslaw and associates Sharlyn C. Heslam, S. Scott Parel, Ted M.Eades and Kristina L. Page; New York partners Joseph S. Allerhand and Michael K. Kam; and Washington, D.C., partner Annemargaret Connolly. Penn National is being represented by attorneys from the Philadelphia office of Ballard Spahr Andrews & Ingersoll, including partners Robert Krauss, Justin Klein, Robert Gerlach and John Wright II and staff attorney Patricia Cramer. Lawyers from the Philadelphia office of Morgan, Lewis & Bockius also represent Penn National, including partners Peter S. Sartorius and Joseph E. Ronan Jr. and associates Jeffrey P. Bodle, Larry Dubinski, James M. Reynolds, Christopher D. McDemus, Robert T. Rambo, Joanne Cheeseman, David B. Zelikoff, Michele E. Martin, Benjamin B. Haas and Francis J. (Trey) White III. BIG SUITS: In Re Worldcom Inc. Securities Litigation The $112 billion New York State Common Retirement Fund has been chosen as the lead plaintiff in the securities class action litigation against WorldCom, a host of its directors and its accounting firm, Arthur Andersen. The fund’s lawyers are New York’s Bernstein Litowitz Berger & Grossmann and Philadelphia’s Barrack, Rodos & Bacine — the same tag team that handled the Cendant Corp. securities fraud litigation. They will be lead counsel for the class of investors who purchased WorldCom stock over the past three years. Partner John P. (Sean) Coffeyheads the Bernstein Litowitz team, which also includes partner Max W. Berger, of counsel J. Erik Sandstedt and associate Paul Ryan. Coffee procured a $217 million settlement with Arthur Andersen on May 6 as the lead trial counsel for the Baptist Foundation of Arizona. The Barrack Rodos team includes Leonard Barrack, Gerald J. Rodos and Jeffrey W. Golan. The Fund estimates that its nearly one million participants lost more than $300 million as a result of WorldCom’s inflated financial statements. On the defense is Paul Curnin of New York’s Simpson Thacher & Bartlett for WorldCom; Gary Cutler of New York’s Curtis Mallet-Prevost, Colt & Mosle for Arthur Andersen; and Jay Kasner of Skadden, Arps, Slate, Meagher & Flom for Salomon Smith Barney. In re WorldCom Inc. Securities Litigation, No. 02-CV-3288 (dlc) (S.D.N.Y.). Ezra Charitable Trust v. Rent-Way A federal judge has ruled that there is enough evidence to allow a shareholder suit to proceed against Erie, Pa.-based Rent-Way over allegations that the nation’s second-largest furniture rent-to-own chain used questionable accounting practices to inflate its earnings. Solomon B. Cera of San Francisco’s Gold, Bennett, Cera & Sidener is representing the lead plaintiff, Cramer Rosenthal McGlynn, a New York financial services firm. The clerk for the judge presiding over the case said he expects shareholders to be a certified as a class in December. Rent-Way is defended by Kevin M. Kearney of Buffalo, N.Y.’s Hodgson Russ. Counsel for other named defendants include John L. Oberdorfer and Lanny Davis of Washington, D.C.’s Patton Boggs for CEO William Morgenstern and Robert J. Kopecky of Chicago’s Kirkland & Ellis for PricewaterhouseCoopers. Ezra Charitable Trust v. Rent-Way, No. CV00-323 (W.D. Pa.). Kennedy v. Baxter Healthcare In the first latex glove allergy case to be tried in a federal court, Baxter Healthcare Corp. may have inoculated itself against further latex litigation. A Minnesota jury absolved the medical products maker of any liability in causing the plaintiff’s allergic reactions. The Minnesota trial is the first of more than 400 cases in the pipeline of federal multidistrict litigation set to start this fall in district court in Philadelphia. The suit was pushed ahead of schedule last year, and sent back to a Minnesota court, after the plaintiff’s lawyers argued that their client, Mary Beth Kennedy, was near death due to the severity of her latex allergy. They claimed that Baxter’s medical gloves — which Kennedy had to wear as a nurse — contained unreasonably high levels of latex proteins, and that the company had failed to warn users about their potential risks. Baxter’s lawyers argued that Kennedy — who survived her illness — suffered from all kinds of allergies. (Baxter spun off its latex glove unit in the late 1990s.) This is the fifth latex case that Baxter has litigated since 2000, but the first federal suit. Most of the more than 500 state claims Baxter has litigated so far have settled for undisclosed amounts. Four state cases have been either dismissed or settled. For Plaintiff Mary Beth Kennedy (International Falls, Minn.) Leonard, O’Brien, Wilford, Spencer & Gale (St. Paul): Thomas Atmore and Edward Gale. The firm specializes in multidistrict litigation. Doffermyre, Shields, Canfield, Knowles & Devine (Atlanta): Leslie Bryan and Ralph Knowles Jr. The lawyers are product liability specialists who have worked with Leonard O’Brien in the past. For Defendant Baxter Healthcare Corporation (Deerfield, Ill.): In-House: Cardinal Health Inc., assistant general counsel Ethan Trull, and senior counsel George Kokkines. (Trull and Kokkines work in the McGaw Park, Ill., office of Cardinal Health, which acquired Baxter’s glove unit in the late 1990s.) Ungaretti & Harris (Chicago): Michael Philippi, senior associate Stacey Feeley Cavanagh, and associate Shannon Capone Kirk. Ungaretti handles Baxter cases in the Midwest. Philippi began defending Baxter ten years ago. Dechert (Philadelphia): Diane Sullivan. (Sullivan is in the firm’s Princeton, N.J., office.) Sullivan represented Baxter in several breast implant cases. She handles Baxter’s latex matters on the East Coast, but was called in for her expertise on this case. Quarles & Brady (Milwaukee): John Rothstein. Rothstein has represented Baxter in litigation since the mid-1980s. Bowman and Brooke (Minneapolis): Kim Schmid and John Sear. The product liability litigation firm began defending Baxter in the late 1990s. Outlook: Pennsylvania district judge Edmund Ludwig is expected to hear at least one case from the multidistrict litigation this fall before sending the other suits back to various state courts.

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