0 results for 'Wachtell Lipton Rosen amp Katz'
Shareholders Beat Privilege in Bank Case
Despite a bank's claim that hundreds of documents sought in a shareholders' class action in Utah are protected by attorney-client privilege, a Manhattan Supreme Court judge has ruled that plaintiffs are entitled to most of the documents under the fiduciary exception to the privilege. Justice Charles J. Tejada found that scores of the communications between First Security Corp. and Wachtell, Lipton, Rosen & Katz should not be withheld.Poison Pills: Maintain Flexibility in Takeover Defense
With the spotlight of public attention now shining bright on corporate governance, companies must take the opportunity to review their takeover preparedness and consider the extent to which shareholder rights plans or "poison pills" can be a valuable part of the overall picture. Attorneys David A. Katz and Laura A. McIntosh caution against companies' limiting their flexibility in the takeover context simply to increase their corporate governance ratings.Wachtell Leads Pack in Mergers
Wachtell, Lipton, Rosen & Katz heads a familiar pack of New York law firms in mergers and acquisitions activity in the first half of the year. The firm jumped to the number one spot for announced U.S. deals based on dollar value, from number 14 during the same period last year, according to Thomson Financial. However, the total value of M&A activity tumbled significantly in the last year.U.S. Could Emerge as Major Player In Suits Stemming From Current Crisis
Alltel Issues $9 Billion Hostile Takeover Bid for CenturyTel
Rural telephone services company Alltel Corp. issued a $9 billion hostile takeover offer late Tuesday for its largest competitor, CenturyTel Inc. The proposed merger would create a telecom provider focused on rural markets with combined revenues of $10 billion. CenturyTel rejected two previous proposals from Alltel after receiving advice from its financial adviser, J.P. Morgan, and legal adviser, Wachtell, Lipton, Rosen & Katz.Bankruptcy Boutique Joins Vinson & Elkins
Denis Cronin, 59, and the rest of his five-attorney bankruptcy boutique, Cronin & Vris, will merge with Vinson & Elkins�s New York office on August 20. Cronin & Vris acted as the Houston-based firm�s outside counsel during the Enron Corp. bankruptcy.Six Days, Six Lawyers, $24 Billion
Golden West Financial GC Michael Roster used to tell outside lawyers that there were certain firms he would call in to do a major transaction, but he wouldn't necessarily say who those firms were. As it turned out, Wall Street's Wachtell, Lipton, Rosen & Katz drew the ace card when it came to counseling the bank through what analysts are calling the year's second-largest deal: the cash and stock acquisition of Golden West by Wachovia. Wachtell handled the $24.2 billion deal with six lawyers in six days.SEC Rewards Corporate Self-Policing and Cooperation Efforts
Companies that have labored to build effective internal compliance programs, take heart. In an Oct. 23 release, the Securities and Exchange Commission reported that it had decided not to take any enforcement action against a parent company for violations at its subsidiary, expressly because of the parent's exemplary efforts in detecting the wrongdoing and cooperating with the agency.Skadden Hits 2012 Trifecta by Topping Third Year-End Ranking of M&A Advisers
Having already come out ahead in rankings of M&A advisers issued by Bloomberg and Thomson Reuters, Skadden, Arps, Slate, Meagher & Flom completed its sweep when MergerMarket released its 2012 year-end results Friday. A trio of Magic Circle firms—Clifford Chance, Freshfields Bruckhaus Deringer, and Linklaters—joined Skadden and Wachtell, Rosen, Lipton & Katz in the upper echelon on all three lists based on the aggregate value of their corporate clients' transactions.State AI Legislation Is on the Move in 2024
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