Debevoise, Sullivan on Nestle Deal: Business of Law

Debevoise & Plimpton LLP advised Nestle SA on its agreement to pay Valeant Pharmaceuticals International Inc. $1.4 billion for a handful of dermatology products, accelerating a shift by the world’s biggest foodmaker toward health care. Sullivan & Cromwell LLP represents Valeant.

The Debevoise team is led by partner Kevin A. Rinker and includes partners Jeffrey P. Cunard, Gary M. Friedman and Jonathan F. Lewis.

The S&C team on the transaction includes Alison S. Ressler and Sarah P. Payne, corporate; Matthew M. Friestedt, executive compensation and benefits; and Ronald E. Creamer Jr., tax.

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Jones Day Advises Koch Unit on PetroLogistics $2.1 Billion Deal

Jones Day advised the Flint Hills Resources LLC unit of Koch Industries Inc., controlled by billionaire brothers Charles and David Koch, on an agreement to buy PetroLogistics LP for $2.1 billion. Weil, Gotshal & Manges LLP and Vinson & Elkins LLP are legal advisers to PetroLogistics.

The Weil team includes Glenn West, corporate; Jared Rusman, tax; Annemargaret Connolly, environmental; Michael Nissan, employee benefits; and Charan Sandhu, technology and IP transactions. Jones Day’s team included partners Bryan Davis, Troy Lewis and James O’Bannon.

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Simpson Thacher Advises KKR on Goodpack $1.4 Billion Bid

Simpson Thacher & Bartlett LLP is representing KKR & Co., the buyout firm run by George Roberts and Henry Kravis, on its $1.4 billion ($1.1 billion) offer to buy Goodpack Ltd., a provider of bulk containers. WongPartnership LLP is also representing KKR. Rajah & Tann is advising Goodpack.

The Simpson Thacher team working on the transaction includes partners Katie Sudol, Sinead O’Shea, Katharine Moir, Joyce Xu and David Vann Jr.

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GM Ignition Suit Lawyers Drive for Consolidation in California

General Motors Co. wants to return to a New York courtroom to fight at least 90 ignition-switch defect lawsuits while some car owners are driving for the cases to be heard by a California judge seasoned in auto litigation.

A panel of federal judges meeting today in Chicago will decide.

Their ruling, which could come within a week, will be the first significant step in resolving whether the Detroit-based automaker is liable for the switch defect and owes billions of dollars in damages to the owners of Chevrolet Cobalts and other cars. The Judicial Panel on Multidistrict Litigation will also select the judge who will handle the combined cases.

Many car owners want the case handled by the judge overseeing sudden-acceleration lawsuits against Toyota Motor Corp. while GM prefers Manhattan, where a bankruptcy judge approved its reorganization.

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Troutman Sanders Expands Charlotte Office with Two Partners

Five lawyers from K&L Gates LLP, including partners Jonathan Goldberg and Stephanie Greer Fulcher, are joining the real estate practice in Troutman Sanders LLP’s Charlotte, North Carolina, office.

Goldberg and Greer Fulcher have worked with banks, shopping center owners and corporations on the financing and development of large commercial projects, the firm said.

Cooley Adds IP Litigator Scordino in Boston

Cooley LLP said Ellen A. Scordino joined the firm as a partner in its litigation department and will be a member of the intellectual property practice group in Boston. At Fish & Richardson PC, she focused her practice on patent infringement litigation and counseling.

Fried Frank Adds Leveraged Finance Attorney Stewart A. Kagan

Fried, Frank, Harris, Shriver & Jacobson LLP said Stewart A. Kagan joined the firm as a partner in the finance practice in New York. He was previously at Cadwalader, Wickersham & Taft LLP.

Kagan represents corporations, private equity firms, hedge funds and other financial institutions in debt financings and private-equity transactions, the firm said.

Haynes & Boone Adds Transaction Lawyer Kramer in New York

Greg Kramer, who has experience in representing issuers and investors, rejoined Haynes & Boone LLP in New York as a partner in the capital markets and securities practice group. He was previously at Kleinberg, Kaplan, Wolff & Cohen.


Morgan Stanley Sues Convicted Former Broker to Recoup Legal Fees

Morgan Stanley sued to recover more than $3.6 million it paid to defend a former broker who was imprisoned for his role in a kickback scheme.

The firm said in its complaint against ex-broker Darin DeMizio that he should repay legal costs because “he intentionally defrauded Morgan Stanley and concealed his fraud” while working at the New York-based brokerage.

DeMizio was convicted in 2009 of scheming to pay $1.7 million in kickbacks to his father and brother for virtually no work, according to the complaint filed in Manhattan federal court. DeMizio was sentenced to 38 months in prison and ordered to pay the firm $1.2 million in restitution.

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