Weil Gotshal

1. GGP Secures Plan To Reorganize More Units

Friday, Mar 19, 2010

A judge has approved General Growth Properties Inc.'s plan to restructure about $262 million in debt for five of its property-owning units, marking the sixth group of the mall owner's subsidiaries to reorganize since the company's April Chapter 11 filing.

2. Linear Wins Infringement Ruling In ITC Voltage Spat

Friday, Mar 19, 2010

A judge for the U.S. International Trade Commission has concluded that dozens of Advanced Analogic Technologies Inc. products infringe a patent for voltage regulators held by Linear Technology Corp.

3. After $106M Patent Win, VirnetX Sues Microsoft Again

Friday, Mar 19, 2010

On the heels of winning a $106 million jury verdict against Microsoft Corp. in a suit claiming the software giant's operating systems infringe two of its patents, VirnetX Inc. has launched a new suit alleging Microsoft's Windows 7 operating system infringes the same patents for securing communications over the Internet.

4. Metavante, Lehman Settle $7M Claim Over Swap Deal

Thursday, Mar 18, 2010

Banking industry technology provider Metavante Corp. has reached a settlement with a derivative arm of Lehman Brothers Holdings Inc. in a dispute over a swap contract, following Metavante’s appeal of a finding that it owed more than $6.6 million under the deal.

5. Stone Barn Manhattan Inches Toward Liquidation

Thursday, Mar 18, 2010

A bankruptcy court judge on Thursday approved Stone Barn Manhattan LLC's disclosure statement, bringing the discount clothing retailer formerly known as Steve & Barry's LLC one step closer to a final liquidation in its Chapter 11 bankruptcy.

6. 'Fly' Swatted With Injunction In Brokerage News Spat

Thursday, Mar 18, 2010

A federal judge has barred Theflyonthewall.com from issuing immediate online reports regarding equity research recommendations by a group of brokerage firms following her finding that the financial news service misappropriated their “hot news” and infringed their copyrights in prior research reports.

7. Extended Stay Picks $905M Starwood Investment

Thursday, Mar 18, 2010

Turning away bids from other private equity firms, Extended Stay Hotels LLC has chosen a recapitalization plan that provides the bankrupt hotel chain with $905 million in funding and hands a controlling stake in the reorganized company to Starwood Capital Group.

8. Lenders Blast Trump's Bid To Reclassify Payments

Wednesday, Mar 17, 2010

First-lien lenders of Trump Entertainment Resorts Inc. are urging a court not to let the bankrupt casino operator recharacterize its post-petition interest payments as payments of principal, saying such a move could reduce the value of lenders' claims.

9. Judge Boots Fraud Suit Against CBS, Leaves Opening

Wednesday, Mar 17, 2010

A federal judge has ruled that a putative class action accusing CBS Corp. and its principals of timing an impairment charge for the personal benefit of company chairman Sumner Redstone did not adequately plead fraud, while giving the plaintiffs leave to replead.

10. Microsoft Hit With $106M Verdict Over Online Security IP

Wednesday, Mar 17, 2010

A federal jury has found that Microsoft Corp. should fork over nearly $106 million for infringing two VirnetX Holding Corp. patents for securing communications over the Internet.

11. BearingPoint Trustee Sues Yale To Recover $8M

Tuesday, Mar 16, 2010

Bankrupt technology consulting firm BearingPoint Inc. has filed an adversary suit against Yale University to recover $8 million it channeled to the academic institution as part of a deal to sponsor an MBA program.

12. Uno Ch. 11 Plan Gives 100% Equity To Senior Lenders

Tuesday, Mar 16, 2010

Casual dining chain Uno Restaurant Holdings Corp. has proposed exiting Chapter 11 protection by transferring 100 percent of its equity to its senior secured noteholders.

13. Exxon, XTO Deal Secures Antitrust Clearances

Tuesday, Mar 16, 2010

Exxon Mobil Corp.'s plan to acquire natural gas producer XTO Energy Inc. has cleared the necessary antitrust hurdles, moving the deal closer to completion.

14. Atty Groups Ask Court To Clarify Induced Infringement

Tuesday, Mar 16, 2010

The American Intellectual Property Lawyers Association and the Federal Circuit Bar Association have teamed up to ask a federal appeals court to take another look at its recent ruling in favor of French appliance maker SEB SA, arguing that the court has a key opportunity to clarify the law of induced patent infringement.

15. Aleris' Disclosure Statement Gets Go-Ahead

Tuesday, Mar 16, 2010

A bankruptcy judge has greenlighted Aleris International Inc.'s disclosure statement, which aims to launch the aluminum products and recycling firm out of Chapter 11 by the middle of 2010 after it emerges as a privately held venture.

16. Lehman Files Ch. 11 Plan, Will Launch New Branch

Monday, Mar 15, 2010

Lehman Brothers Holdings Inc. and its 22 affiliated Chapter 11 debtors on Monday filed a joint plan of reorganization, nudging the largest bankruptcy ever filed in the U.S. one step closer to resolution.

17. Why Some IP Boutiques Fail

Monday, Mar 15, 2010

Despite the recent death of Darby & Darby PC, it may be too soon to mourn the passing of the intellectual property boutique business model, but experts say these specialty firms have some inherent vulnerabilities.

18. Starwood Objects To Competing Plan For Extended Stay

Monday, Mar 15, 2010

A group of investors led by Starwood Capital Group has objected to a plan proposed by competing private equity firms Centerbridge Partners LP and Paulson & Co. Inc. to lead Extended Stay Hotels LLC out of bankruptcy.

19. Wachtell Advises PVH In $3B Hilfiger Acquisition

Monday, Mar 15, 2010

Phillips-Van Heusen Corp. has reached a deal to acquire Tommy Hilfiger BV for approximately €2.2 billion ($3 billion) in cash and stock, bringing the clothing company under the same roof as fellow retailers Calvin Klein, Bass and Izod.

20. Obama Nominates 2 For 2nd, Fed. Circs.

Thursday, Mar 11, 2010

President Barack Obama has nominated federal securities fraud prosecutor Raymond J. Lohier to fill a vacancy on the U.S. Court of Appeals for the Second Circuit and Judge Kate O'Malley from the Northern District of Ohio to a seat on the U.S. Court of Appeals for the Federal Circuit.