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July 09, 2010 |

Anadarko tells BP it won't help pay for oil spill

NEW YORK AP - Anadarko Petroleum Corp. says it won't help BP pay for the worst oil spill in U.S. history.The Houston company, which owns 25 percent of BP's blown-out well in the Gulf of Mexico, said Friday it has refused to send the $272 million contribution that BP requested in June.As part owner, Anadarko was on the hook to help pay to corral and clean up the spill.
4 minute read
August 11, 2008 |

Paulson: Bush right on Wall Street 'hangover' quip

WASHINGTON AP - Treasury Secretary Henry Paulson, a former investment firm executive, says "absolutely there's a lot of truth" to President Bush's comment that Wall Street "got drunk and now it's got a hangover," in understanding the current economic climate.Paulson also is taking a wait-and-see approach on a possible second round of economic aid, an idea that congressional Democrats are pushing to a vote.
4 minute read
Kirkland & Ellis Defending Facebook in Securities Suit
Publication Date: 2012-06-06
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Facebook general counsel Theodore Ullyot's former firm, Kirkland & Ellis, is getting some of the litigation work generated by company's IPO. San Francisco partner James Basile, head of the firm's litigation practice, filed a notice of appearance Tuesday in one of the four securities suits filed in the Northern District of California. Kirkland is the first firm to file an appearance in any of the suits filed in federal court.

January 13, 2005 |

New Deals

Communications provider Alltel Corp. announced Monday it would buy Western Wireless Corp. for about $6 billion in cash, stock and debt assumption. Teams at Wachtell, Lipton, Rosen & Katz and Friedman Kaplan Seller & Adelman, both in New York, advised Western Wireless.
2 minute read
How Gupta's Sentence Stacks Up
Publication Date: 2012-10-24
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The jailed targets of the DOJ's insider trading crackdown probably won't be spending their days sharpening homemade shanks in maximum security wards. But it's still doing time. How does the two-year sentence handed down Wednesday in the Rajat Gupta case compare with some of the other prison terms doled out so far?

May 21, 2012 |

Simpson Thacher, Wachtell at the Switch on Eaton's $11.8 Billion Power Deal

Power management company Eaton has agreed to purchase Irish electrical equipment supplier Cooper Industries for $11.8 billion in cash and stock?a deal that will help the acquiring company reap millions of dollars in tax savings.
2 minute read
January 13, 2011 |

Judges not likely to undo Facebook settlement

The Winklevoss twins went to the 9th U.S. Circuit Court of Appeals Tuesday hoping to undo a settlement that makes them far richer than it did when they struck the deal with Facebook in 2008.So perhaps it wouldn't be too big a blow if the appeals panel were to reject their claims - as it appeared inclined to do - and uphold an agreement that gives the twins and their business partner in ConnectU $20 million in cash and 1.
3 minute read
Debevoise Scores for N.Y. Fed in AIG Takeover Case
Publication Date: 2012-11-19
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Hank Greenberg's bold, two-pronged attack on the federal government took a big hit on Friday, when a judge tossed Star International's claims that the New York Federal Reserve Bank trampled on the rights of AIG shareholders during the $85 billion AIG bailout. But the former AIG chairman and his lawyers at Boies, Schiller aren't defeated yet.

June 22, 2005 |

Mirant Hits Southern With $2 Billion Lawsuit

Mirant Corp. and its creditors filed a $2 billion lawsuit late Thursday against its former parent for alleged fraudulent transfers before its 2001 spinoff. In the suit, the Atlanta utility alleges that Southern Co., the largest electricity generator in the Southeast, induced it to breach its fiduciary duty to creditors and should thus be required to assume full liability for those creditors' claims.
4 minute read

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