June 20, 2011
Airgas Inc. said Friday it had reached a settlement in Pennsylvania in its breach of fiduciary duty suit against Cravath Swaine & Moore LLP, which had represented Air Products & Chemicals Inc. in its hostile bid to take over the specialty gas company.
August 03, 2010
A federal judge on Tuesday denied Cravath Swaine & Moore LLP's motion to dismiss a breach of fiduciary duty suit brought by Airgas Inc., finding that the claims over the firm's representation of Airgas takeover suitor Air Products & Chemicals Inc. merit further airing in court.
March 05, 2010
While Cravath Swaine & Moore LLP may never be back in Airgas Inc.’s good graces, the firm won’t be disqualified from representing Air Products & Chemicals Inc. in its hostile takeover fight for Airgas, a former client.
February 22, 2010
Airgas Inc. has asked its shareholders not to give in to industrial packaged gas rival Air Products & Chemicals Inc.'s $7 billion, $60-per-share hostile takeover offer, while a Pennsylvania judge in Airgas' conflict-of-representation suit against Cravath Swaine & Moore LLP has cleared the decks for the battle over the deal to unfold fully in Delaware.
February 19, 2010
Airgas Inc. and Cravath Swaine & Moore LLP on Friday took their contentious battle over whether and how Cravath should be disqualified from representing Airgas' hostile takeover suitor Air Products & Chemicals Inc. before a federal judge, with a ruling expected to follow shortly.
February 17, 2010
Cravath Swaine & Moore LLP has asked a Pennsylvania federal court to hold off considering Airgas Inc.'s bid for a preliminary injunction until a potential conflict over the firm's representation of Airgas takeover suitor Air Products & Chemicals Inc. in separate litigation in Delaware is resolved, a move that prompted a heated response from Airgas.