BakerHostetler announced today that J. David Bournazian has joined the firm’s Litigation Group as a Partner in its Costa Mesa office. He comes to BakerHostetler from Kutak Rock LLP (more…)
On May 16, 2013, Simpson Thacher client Mining Machinery Limited (“MML”) and Caterpillar, Inc. resolved all outstanding issues arising out of Caterpillar’s June 2012 acquisition of Zhengzhou Siwei, a leading manufacturer of hydraulic roof supports used in the mining industry in China. After it acquired Siwei, Caterpillar alleged that it had uncovered deliberate accounting misconduct and recorded a $580 million goodwill impairment charge in the fourth quarter of 2012. Simpson Thacher represented Emory Williams and John Lee, former directors of Siwei’s parent company and two of the leading entrepreneurs in China, and MML and James Thompson III, two other parties with an interest in the settlement, in responding to Caterpillar’s allegations. The parties have now entered into an agreement under which they exchanged releases, certain payments owed by Caterpillar were reduced, and an entity affiliated with MML has been given the right to purchase certain assets from Caterpillar. In addition, Caterpillar publicly stated that it had found no evidence that any of Simpson Thacher’s clients had engaged in any accounting misconduct
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The Firm represented Seagate Technology plc (“Seagate”) in connection with its Rule 144A and Regulation S offering of $1.0 billion aggregate principal amount of 4.75% Senior Notes due 2023. The notes were issued by Seagate HDD Cayman, a wholly-owned subsidiary of Seagate, and guaranteed by Seagate. Morgan Stanley, BofA Merrill Lynch and BNP Paribas acted as joint-lead and joint bookrunning managers of the offering (more…)
Cooley LLP announced today that it represented Websense, Inc. in its approximately $1 billion acquisition by Vista Equity Partners. Websense is a global leader in protecting organizations from the latest cyber attacks and data theft, and Vista is a leading private equity firm focused on investments in software, data and technology-enabled businesses (more…)
Cooley LLP announced today that it has further bolstered its national litigation practice with the admission of Ray Hartman. Hartman, who will be based in Cooley’s San Diego office, joins the firm from DLA Piper. Hartman brings to Cooley considerable experience in the areas of environmental, toxic tort, product liability and real estate litigation (more…)
Cooley LLP announced today that it represented Ambit Biosciences on its initial public offering (more…)
The Firm is representing Yahoo! Inc. (NASDAQ: YHOO) in connection with its announced acquisition of Tumblr for a total consideration of $1.1 billion. According to the purchase agreement, Tumblr will be independently operated as a separate business. The transaction is expected to close in the second half of the year and is subject to customary closing conditions (more…)
Dickstein Shapiro LLP has added Mark T. Kresnak, Ph.D. to its Intellectual Property Practice as Counsel in its Palo Alto, California office, effective May 13, 2013. Dr. Kresnak joins the firm from Elan Pharmaceuticals, Inc. where he was Senior Director, Intellectual Property. In this role, he managed IP procurement, enforcement, and defense for major aspects of the Elan R&D and commercial portfolio, and was also integrally involved with the company’s Transactional Law function, where he negotiated, drafted, and advised on corporate contracts. His practice focuses on IP portfolio development and counseling, patent prosecution, IP diligence, and IP-related transactions (more…)
Cooley LLP announced today that it represented Tableau Software, Inc. on its initial public offering. Tableau, a Seattle-based software company, now trades on the New York Stock Exchange under the symbol “DATA.” Tableau’s software products put the power of data into the hands of everyday people, allowing a broad population of business users to engage with their data, ask questions, solve problems and create value (more…)
Cooley LLP announced today that it advised the underwriters on Receptos, Inc.’s recent IPO. Receptos, now trading on the NASDAQ Global Stock Market under the symbol “RCPT,” is a California-based biopharmaceutical company focused on discovering, developing and commercializing innovative therapeutics for immune disorders (more…)
Cooley LLP announced today that it advised the underwriters on Cyan, Inc.’s recent IPO. Cyan, now trading on the New York Stock Exchange under the symbol “CYNI,” is a Northern California-based company that has pioneered innovative, carrier-grade networking solutions that transform inefficient legacy networks into open, high-performance networks. Its solutions enable network operators to “virtualize” their networks, accelerate service delivery and increase scalability and performance, while reducing costs (more…)
Michael R. Heimbold has joined Sheppard, Mullin, Richter & Hampton LLP as a partner in the firm’s Business Trial and Intellectual Property practice groups, based in the firm’s 60-attorney Century City office. Heimbold joins from Steptoe & Johnson in Century City (more…)
