Bloomberg News

Skadden, Davis Polk Advise on Intrawest IPO: Business of Law (1)

February 03, 2014

Skadden, Arps, Slate, Meagher & Flom LLP advised Intrawest Resorts Holdings Inc. (SNOW:US), a North American mountain resort and adventure company, in its initial public offering. The company raised about $188 million selling the 15.6 million shares for $12 each, after offering them for $15 to $17 apiece. The shares are listed on the New York Stock Exchange under the symbol SNOW.

The Skadden team includes partners Joseph Coco, Gregory Fernicola, Jeffrey Brill, Seth Jacobson, David Polster and Regina Olshan.

Richard Truesdell Jr., a partner at Davis Polk & Wardwell LLP, represented Goldman Sachs Group Inc., (GS:US)Credit Suisse Group AG (CS:US), Deutsche Bank AG (DBK) and Bank of America Corp., (BAC:US) the banks that managed the offering.

The shares fell 10 cents to $11.90 on Jan. 31.

Vinson & Elkins, Baker Botts Worked on Rice Energy’s IPO

Rice Energy Inc. (RICE:US), which explores for oil and gas in the Marcellus and Utica shale areas, relied on Vinson & Elkins LLP in an initial public offering that raised about $924 million.

Baker Botts LLP advised the underwriters, including Barclays Plc (BARC), Citigroup Inc. (C:US), Goldman Sachs Group Inc., and Wells Fargo & Co. (WFC:US)

The Vinson & Elkins partners involved were Douglas McWilliams and Matthew Pacey. The Baker Botts partners were Gerald Spedale, Jason Rocha and Don Lonczak.

The shares, trading under the symbol RICE on the New York Stock Exchange, rose 1 cent to $23.52 on Jan. 31.

Lenovo Said to Turn to Steptoe, Covington for Deal Approvals

Lenovo Group Ltd. (LNVGY:US) has turned to national security insiders to win U.S. approval to buy Google Inc. (GOOG:US)’s Motorola Mobility phone unit and International Business Machines Corp. (IBM:US)’s low-end server business, people familiar with the two deals said.

The world’s largest personal-computer maker hired Steptoe & Johnson LLP partners Stewart Baker, a former senior official at Homeland Security, and Stephen Heifetz, who served in the Justice Department, Homeland Security and the Central Intelligence Agency, to guide its Motorola review through a key interagency panel, one of the people said.

Covington & Burling LLP partners David Fagan and Mark Plotkin are representing Lenovo in the IBM server deal, according to another person familiar with the matter.

Brion Tingler, a spokesman for Beijing-based Lenovo, declined to comment on the legal advisers for either deal. Steptoe’s Baker and Covington’s Plotkin declined to comment. Heifetz and Fagan didn’t return phone messages seeking comment.

Weil, Gotshal & Manges LLP advised Lenovo on the acquisition of the Motorola unit, while Cleary Gottlieb Steen & Hamilton LLP represented the company in its deal for IBM’s server business.

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Law Firm Moves

Foley & Lardner, Arnold & Porter, Dykema, Cozen O’Connor Hires

Foley & Lardner LLP is adding three lawyers to its Latin America practice group from Florida’s Infante Zumpano. Emil R. Infante and Carlos Abarca are joining as partners, and Daniel Diaz Leyva will become of counsel, in Foley’s Miami office.

Samantha Gallagher joined Arnold & Porter LLP as a partner in the firm’s Washington office. She will be a member of the corporate and securities group and well as the real estate practice. Previously, Gallagher was a partner in the Washington office of Bass, Berry & Sims Plc.

Aaron Charfoos is joining the intellectual-property group and litigation department of Dykema Gossett PLLC. Charfoos, previously a partner at Kirkland & Ellis LLP, will be a partner in Dykema’s Chicago office.

Cozen O’Connor added Gregory M. Tears to its public and project finance practice group as a member of the firm in its New York office. Tears was previously a partner at Michael Best & Friedrich LLP in Milwaukee.

In the News

Christie Campaign Seeks Ruling on Paying Subpoena Costs

New Jersey Governor Chris Christie’s re-election campaign asked a state board to allow it to raise money and pay for vendor and legal costs required to respond to subpoenas over lane closures at the George Washington Bridge.

The campaign, which backed the Republican’s re-election last November, on Jan. 30 asked the state Election Law Enforcement Commission to let it exceed the fundraising and spending limits. A state legislative committee and U.S. Attorney Paul Fishman in Newark, New Jersey, seek the documents.

Lawmakers and U.S. prosecutors are examining why Christie aides and appointees ordered a shutdown of lanes leading to the bridge, which snarled traffic in Fort Lee, New Jersey, from Sept. 9 to 12. Christie, 51, fired his deputy chief of staff and cast aside his campaign manager.

“Complying with these requests will be a costly and time-consuming process,” according to the letter by campaign attorney Mark Sheridan of Patton Boggs LLP.

Seeking e-mails, text messages, instant messages and other electronic data subpoenaed means hiring a vendor “at a significant cost, to image and preserve the data on computers, tablets and smart phones of the candidate committee and its employees,” according to the request. Campaign lawyers must also review the material for relevance, it said.

Christie’s administration hired Gibson, Dunn & Crutcher LLP to represent it before the legislature and U.S. Attorney’s Office. The law firm will be paid $650 an hour for attorney “timekeepers,” according to a Jan. 29 letter from Gibson Dunn attorney Randy Mastro to the state attorney general’s office.

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Six Super Bowl Champion Bears Sue Over Rights to Song, Video

Two days before the Super Bowl, six members of the Chicago Bears team that won the National Football League’s 1986 championship game are suing over the proceeds from their Grammy Award-nominated song.

Quarterback Jim McMahon, Pro Football Hall of Fame defensive lineman Richard Dent, receiver Willie Gault and three others said a Chicago woman and marketing business wrongly retained proceeds from the players’ song and video “Super Bowl Shuffle” that were supposed to aid needy families.

A complaint by the players, who call themselves the Shufflin’ Crew, was filed Jan. 31 in state court in Chicago.

The plaintiffs claim Renaissance Marketing Corp. and Julia Meyer entered into a 1985 rights agreement with a Red Label Records, a business run by Meyer’s late husband, Richard. Julia Meyer couldn’t immediately be located for comment.

The song received a Grammy nomination for best rhythm-and-blues performance by a duo or group. The award went to Prince and the Revolution for “Kiss.”

The case is Dent v. Renaissance Marketing Corp., 14-L-001003, Cook County, Illinois, Circuit Court, Law Division (Chicago).

To contact the reporter on this story: Ellen Rosen in New York at erosen14@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net


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Companies Mentioned

  • SNOW
    (Intrawest Resorts Holdings Inc)
    • $11.45 USD
    • 0.23
    • 2.01%
  • GS
    (Goldman Sachs Group Inc/The)
    • $189.83 USD
    • 4.80
    • 2.53%
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