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Lead Counsel Set In Investor Suit Over $2B Stillwater Sale

Law360, Wilmington (August 14, 2017, 9:27 PM EDT) -- A Delaware vice chancellor on Monday chose lead attorneys and consolidated class demands for a stock appraisal from shareholders seeking a higher payout from the $2.2 billion sale of Stillwater Mining Co., and said he would clarify rules for  keeping non-lead attorneys in the loop on key documents and proposals.

The decision by Vice Chancellor J. Travis Laster put Lowenstein Sandler LLP and Heyman Enerio Gattuso & Hirzel LLP at the helm of the case, in which funds run by hedge fund BlueMountain Capital Management LLC and affiliates challenged the $18 per share price offered by Sibanye Gold Ltd. in May....

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Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

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