Cite as: IMS Health Inc. v. Sorrell, 09-1913-cv (L), 09-2056-cv (CON), NYLJ 1202475625582, at *1 (2d Cir., Decided November 23, 2010)Before: Feinberg and Living

Wachtell, Lipton, Rosen & Katz's John Savarese must have learned something about secrecy from UBS. The Swiss bank has been under investigation for many months of whether it helped U.S. clients avoid paying taxes, but its lawyer appears to have kept out of sight. Until now. Savarese was a signatory to UBS's deferred prosecution agreement with the government filed on Wednesday in Fort Lauderdale federal court.

The case was fascinating in both facts and procedure. The German grandnephew of a Berlin banker claimed his granduncle had been forced to sell a cache of famous Picasso paintings under economic duress from the Nazi regime. He sued for restitution. The Museum of Modern Art and the Guggenheim settled with him last February, but a foundation established by Andrew Lloyd Webber won a motion to dismiss his suit on the grounds that he lacked standing. On Tuesday, the appellate court affirmed the dismissal.