Law Firm News

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Law Firm News

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Milbank, Tweed, Hadley & McCloy LLP

SULO Group is Sold to Veolia Environnement
SULO Group, Germany’s second largest waste management company, is sold. Veolia Environnement today announced the signature of an agreement with the Blackstone Group and Apax Partner with the view to acquiring SULO. The French company Veolia Environnement is the world leader in environmental solutions. The international law firm Milbank, Tweed, Hadley und McCloy LLP advised Apax and Blackstone in the transaction which is valued at € 1.45 billion and subject of European antitrust authorities.

SULO employs more than 7,700 people, including 6,300 in Germany, and recorded revenue of around € 1.3 billion in 2006.

The stock listed company Veolia Environnement (Paris Euronext: VIE and NYSE: VE) has more than 300,000 employees worldwide and recorded revenue of € 28.6 billion in 2006.

The Milbank team representing SULO Group included Dr. Peter Nussbaum (Partner, Corporate/M&A, Munich), and associates Stefan Kroeker, Dr. Michael Pujol und Ludger Schult (all Corporate/M&A, Munich), Dr. Thomas Kleinheisterkamp (Tax, Munich) and Jan Wilms (Finance, Frankfurt).

Milbank has acted as advisor to the SULO Group in its acquisition of Cleanaway Germany in 2005 and Henning Umwelt Management GmbH in January 2007.

04-27-2007

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McAfee & Taft A Professional Corporation

McAfee & Taft Announces Formation of Bancorp Investors Task Force
Today, senior trial lawyer Joseph H. Bocock of the law firm of McAfee & Taft announced the formation of the Bancorp Investors Task Force to repel the recent unusual securities fraud lawsuit filed in the District Court of Oklahoma County against 1272 individual investors. The case is styled Bancorp International Group, Inc. v. Michael W. Cannan et al., Case No. CJ-2007-3181, and allegedly arises out of the activities of Mario A. Pino, who supposedly created fake company stock certificates.

"This lawsuit is an outrage," noted Bocock, whose practice has long involved securities litigation and who is a member of the investor-friendly Public Investor Arbitration Bar Association. The firm's Bancorp Investors Task Force will seek resolution of the following issues in its representation of many of the impacted investors while employing some form of flat fee agreement:

1. Many investors have no contact with Oklahoma, which means that the Oklahoma courts lack in personam jurisdiction over them. This fact should have been known to the plaintiff and its lawyers when the lawsuit was filed;

2. Our clients typically bought the penny stock using Internet brokerage firms and had no knowledge of whatever fraud is alleged to exist. That fact also should have been known before the lawsuit was filed;

3. The amount of each investment is typically small, making it very difficult for our clients to defend themselves and to secure dismissals of all claims against them unless they proceed as a group; and

4. We have no way of knowing if the stock certificates are bogus as alleged. In no event should investors agree that the certificates are worthless without careful proof of that fact. If it is established that the stock certificates are indeed fraudulent, then claims against the brokerage firms that sold the stock certificates must be carefully disclosed.

"We are structuring a creative master client agreement that will allow the affected investors to resolve this matter efficiently," noted Bocock. The firm plans to charge the typical investor who invested less than $10,000 a flat fee of $500. Investors with investments of more than $10,000, but less than $50,000, would pay a flat fee of $1,000. Investors with investments of more than $50,000 would pay a flat fee of $2,000. In consideration of the reduced flat fee, the clients would allow the firm to keep any award of attorneys' fees or costs that it might secure against those who filed the action and a percentage of any other damages recovered.

In the event that a claim against a brokerage firm is warranted, the firm anticipates pursuit of such a claim employing a contingency fee agreement as may be agreed to by the client and the firm.

Potential clients must have e-mail access and should immediately contact legal assistant Sephy Palmerton at Sephy.Palmerton@mcafeetaft.com to be added to the contact list for further communication.

Most answer dates are in early to mid-May so time is of the essence.

04-27-2007

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Kennedy Covington Lobdell & Hickman, L.L.P.

Kennedy Covington Garners Real Estate Award for Print Advertisement
Kennedy Covington, one of the largest law firms in the Carolinas, has been awarded the Triangle CREW award for Most Creative Advertising / Marketing Campaign. The CREW Champion Awards are the premier commercial real estate recognition in the Triangle. More than 400 professionals attended yesterday's award ceremony at the Prestonwood Country Club in Cary.

The award-winning advertisement promotes Kennedy Covington's real estate practice, one of the largest in the Southeast. The ad depicts children building a fort together and offers the headline, "When Kennedy met Covington, it was the ultimate union of big ideas and pragmatic approach."

"We are thrilled to be recognized with this creative award," said Liz Kalooky, business development director, Kennedy Covington. "Our real estate team is one of the strongest in the Southeast. Not only are they leaders in their field but they are down-to-earth people and a lot of fun to work with. That's what we wanted this ad to reflect, our commitment to teamwork and building relationships."

Kennedy Covington's real estate team is comprised of more than 50 attorneys who specialize in a wide array of areas including development, finance, leasing, environmental, land use and zoning, as well as real estate-related litigation matters and mixed-use/planned development matters. In addition, the practice donates numerous hours of pro-bono service time each year to charitable organizations such as Habitat for Humanity.

Kennedy Covington's real estate ad can be seen in publications including the Triangle Business Journal, Charlotte Business Journal, Business North Carolina and NC Magazine.

About Triangle CREW

Triangle Commercial Real Estate Women ("Triangle CREW") was formed in 1996 to provide a forum for meeting and building relationships among commercial real estate professionals in the Triangle market through effective member networking, committee work and mentoring. Triangle CREW also provides up-to-date information on commercial real estate through a high quality program of guest speakers, panels and forums. Triangle CREW became a chapter of the CREW Network in 1997. The CREW Network is focused on promoting business, providing educational opportunities, and sharing information among members at local, regional, national and international levels. Founded in 1989, the CREW Network has 60 chapters across North America with a membership exceeding 7,000 members

04-27-2007

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Keating, Muething & Klekamp PLL

Patrick F. Fischer to Co-Chair Complex Commercial Case Dockets Task Force
In Wednesday’s speech before a Joint Session of the Ohio General Assembly, Chief Justice Thomas Moyer of the Ohio Supreme Court appointed Patrick F. Fischer, a partner at Keating Muething & Klekamp (KMK) and current Cincinnati Bar Association President, as co-chair of the Court’s new Task Force to help create an innovative docket for the Common Pleas courts of Ohio which would help increase economic growth in Ohio. Judge John Bessey of the Franklin County Court of Common Pleas will be the other co-chair.

In his speech to a joint session of the Ohio General Assembly, Chief Justice Moyer said, “As citizens of this great state, we all share a concern for the economic realities challenging creators of public policy and creators of jobs. When making decisions to locate or remain in Ohio, employers assess a number of criteria. Not so obvious, but important to many, is the prospect of civil litigation arising from commercial transactions—costly, time-consuming litigation.”

Many states have responded to this issue by creating business or complex commercial dockets in courts of general jurisdiction. These dockets are committed to litigation between businesses. A majority of business-to-business litigation differs from other litigation in the number of documents and witnesses, the extent of the motion practice, discovery disputes, and increasingly, knowledge of technology. Typically such cases benefit from advanced case management techniques and the availability of dispute resolution alternatives.

The Task Force led by Pat Fischer and Judge Bessey will develop a pilot project for common pleas courts in Ohio. The project will determine the best means of adopting commercial dockets in some of Ohio’s common pleas courts.

04-27-2007

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Katten Muchin Rosenman LLP

Katten Muchin Rosenman Represents Covansys’ Special Committee in $1.3 Billion Acquisition by Computer Sciences Corporation
The law firm of Katten Muchin Rosenman LLP is pleased to have served as legal counsel to a Special Committee of independent directors of Covansys Corporation’s (NASDAQ: CVNS) Board of Directors, to evaluate an agreement by the IT services company to be acquired by Computer Sciences Corporation (NYSE: CSC). Based on the recommendation of the Special Committee, Covansys’ Board of Directors has approved the agreement and recommended that the company’s stockholders approve the merger.

Under the agreement, CSC will acquire Covansys for $34.00 per share in an all-cash transaction. The transaction is valued at approximately $1.3 billion and is expected to be earnings per share neutral to CSC during the first 12 months. The deal is expected to be completed during the second quarter of 2008.

David H. Landau and Evan L. Greebel, New York-based partners in Katten’s Corporate Practice, headed the Firm’s legal team in the transaction. Additional Katten attorneys involved in the deal included New York partners Jill E. Darrow and Edward J. Rayner as well as Chicago-based partner Michael J. Diver. New York-based associate Wendy Kreinen Modlin also assisted in this transaction.

Katten’s Corporate Practice encompasses mergers, acquisitions and divestitures, public and private debt and equity offerings, public company representation, REIT formation, institutional lending, securitizations, leveraged leasing, structured finance, start-up and venture capital financing, leveraged buy-outs, joint ventures and other strategic alliances, real estate finance, partnership tender offers and roll-ups and proxy contests.

04-27-2007

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Gibbons P.C.

Gibbons and Seton Hall Law School Create the Gibbons Institute of Law, Science & Technology
Gibbons is proud to announce it has endowed $1 million to the Seton Hall University School of Law to establish the Gibbons Institute of Law, Science & Technology. This gift, which is among the largest donations to a law school by a New Jersey law firm, will provide funding to assist the law school in educating and training the next generation of attorneys in the technology and scientific communities.

David E. De Lorenzi, Chair of the Gibbons Intellectual Property Department, will serve as Chair of the Gibbons Institute. The creation of this institute marks the next chapter for Gibbons’ nationally recognized IP practice and the firm’s continued focus on providing a full compliment of legal services to the life science, telecommunications, and other technology-based industries. The institute will draw upon the experience and knowledge of the Gibbons Intellectual Property Department, which today has more than 45 attorneys practicing nationwide.

The Gibbons Institute will serve as a forum for lawyers, judges, scientists and government officials to discuss the legal, political and social problems that will continue to arise as scientific and technological changes challenge existing laws and legal institutions. The firm is in the company of prominent pharmaceutical companies such as Schering-Plough Corporation, sanofi-aventis, Johnson & Johnson, and Bristol-Myers Squibb, which have designated an additional $8.1 million in corporate gifts for the establishment of The Center for Health & Pharmaceutical Law.

“As the home of more than 50 Seton Hall Law alumni and many professors at the school, we are proud to help form the Gibbons Institute,” stated Patrick C. Dunican, Jr., Managing Director of Gibbons. “While $1 million is a substantial gift, we felt it important to demonstrate leadership in the academic arena while further reinforcing Gibbons’ commitment to the City of Newark - the home of Gibbons’ headquarters and Seton Hall Law School.”

With the Gibbons Institute of Law, Science & Technology, Seton Hall Law School will have the capability to train professionals in health and intellectual property law and advance its J.D. and M.S.J. degrees to better meet the needs of industries facing cutting edge technological and associated legal challenges. The Institute will also allow the university to introduce an LL.M. degree in intellectual property law and support special events, lectures and communications efforts.

04-27-2007

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Dickie, McCamey & Chilcote, P.C.

ACBA Honors DMC
Dickie McCamey was honored at the Allegheny County Bar Association's annual membership luncheon on April 24. The firm was acknowledged for emphasizing the importance of diversity in the workplace during the previous year and for supporting the ACBA summer intern program that allows high school juniors to gain experience and insight into the legal profession.

04-27-2007

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