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Deal Watch: Locke Lord aims to take advantage of insurance overhaul
The subprime collapse will soon affect companies that insure corporate and municipal bonds, in the form of a massive regulatory overhaul in all 50 states, said Locke Lord Bissell Liddell partner Brian T. Casey.Bond insurers like MBIA Inc. and Ambac Financial Group Inc. have been hammered by the recent meltdown of the subprime mortgage market.King & Spalding team assists in Cellu Tissue sale
King Spalding lawyers Alan J. Prince and Anne M. Cox led a 16-lawyer team representing debt-laden Cellu Tissue Holdings Inc. in its agreement to be purchased in a deal worth $502 million. Clearwater Paper Corp., based in Spokane, Wash., in an all-cash transaction will acquire all the outstanding common stock of Cellu Tissue, valued at about $247 million, and assume approximately $255 million of the Georgia company's debt.Fallout from Stanford may affect sale of health firm
The problems of the Stanford Financial Group-its chairman and two top executives have been accused of massive securities fraud-could complicate the sale of a health care software company represented by an Atlanta lawyer.Emageon Inc., a client of David A. Stockton of Kilpatrick Stockton, was set to close the $62 million sale of itself on Feb.Trending Stories
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