|
|
We represented Hitachi in the $4.3 billion sale of its hard disk drive and data storage business, Hitachi Global Storage Technologies, to Western Digital. This was one of the biggest tech deals announced in 2011. |
|
|
We represented Intel in its $7.7 billion acquisition of McAfee, Inc., the world's largest dedicated security technology company, enabling a combination of security software and hardware to better protect consumers, corporations, and governments as billions of devices — and the server and cloud networks that manage them — go online. The McAfee acquisition is the largest M&A deal in Intel's history. |
|
|
We represented Dimension Data plc, an ICT services and solutions provider and subsidiary of NTT Communications, in its acquisition of OpSource, Inc., an enterprise cloud company, in a transaction that will enable Dimension Data to accelerate its cloud computing services offerings. |
|
|
We represented Novellus systems, Inc. in its $3.3 billion merger with Lam Research Corp. The two California-based semiconductor manufacturers play a pivotal role in developing next-generation devices. This transaction is among the largest in the semi-equipment space and the largest announced stock-for-stock transaction in the technology sector in 2011. |
|
|
We represented Visa Inc. in its acquisition of South Africa-based Fundamo (Proprietary) Limited, a lending platform provider of mobile financial services for mobile network operators and financial institutions in developing economies. |
|
|
We obtained a unanimous jury verdict on behalf of Ernst & Young LLP in an accounting malpractice case. The plaintiff, a hedge fund, had sought $48 million in damages. This came hot on the heels of another defense verdict for Ernst & Young in the Southern District of New York, where plaintiffs sought damages in excess of $200 million. |
|
|
We defended Nikon Corporation against patent infringement litigation brought by plaintiff Anvik Corporation involving laser technology and microlithography machines used in the fabrication of flat-panel LCD displays. We won summary judgment of invalidity on the patents, resolving the case in favor of our client before a trial. |
|
|
We represented McKesson Corporation in a series of antitrust and RICO class action lawsuits brought by third-party payors of prescription drug benefits and governmental agencies nationwide that paid for brand-name prescription drugs based on a benchmark called average wholesale price ("AWP"), which the plaintiffs alleged McKesson conspired to inflate. We obtained dismissal or classwide settlement of these claims against McKesson. |
|
|
We represented JPMorgan Chase Bank, N.A., as administrative agent for a syndicate of lenders that provided approximately $585 million in secured financing for a multibillion-dollar real estate project in Las Vegas. MoFo filed and successfully defended the involuntary Chapter 11 bankruptcy petition against the developer, South Edge, LLC, and then negotiated and implemented a reorganization plan, together with a majority of the homebuilder equityholders, which provided a par-plus recover of $335 million. |
|
|
We defended Target Corporation in a consumer class action that alleged the company falsely advertised items as "Made in USA" on its Target.com website. We obtained a denial of class certification from the trial judge, and the California Court of Appeal for the Fourth District affirmed the decision. |
