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NextEra Secures Reversal of FERC Order Dismissing Its Complaint

Di, 11.04.2017 - 06:00
On April 4, the U.S. Court of Appeals for the D.C. Circuit remanded an order issued by the Federal Energy Regulatory Commission (FERC) that dismissed a complaint filed by solar energy developer and Skadden client NextEra Desert Center Blythe, LLC.

Court Dismisses Shareholder Suit Against Sempra Directors

Di, 11.04.2017 - 06:00
Skadden secured the dismissal of a shareholder derivative suit brought against current and former members of the board of directors of Sempra Energy accusing them of breach of fiduciary duty based on a 2015 natural gas leak at a well located within Sempra subsidiary SoCalGas' Aliso Canyon underground storage facility.

Intrawest Resorts Sold to Aspen Skiing and KSL Capital Affiliates

Di, 11.04.2017 - 06:00
Skadden is advising Intrawest Resorts Holdings, Inc. on its $1.5 billion acquisition by a newly formed entity.

Barclays Wins Favorable Ruling in Long-Running FERC Litigation

Di, 11.04.2017 - 06:00
Skadden achieved a favorable ruling on behalf of Barclays PLC in litigation with the Federal Energy Regulatory Commission (FERC), which filed a complaint in the U.S. District Court for the Eastern District of California charging Barclays and four former executives with manipulating the energy market, and had sought an approximately $500 million penalty from Barclays. FERC took the position that the action it filed against Barclays should not be governed by the Federal Rules of Civil Procedure and that no trial was necessary. Rather, FERC concluded that Barclays was liable based on its own investigation, in which Barclays had no ability to compel witnesses to testify or to produce documents.

Saoud Al-Mohannadi Wins Landmark FIFA Appeal

Mo, 10.04.2017 - 06:00
Skadden secured a complete victory on behalf of Saoud Al-Mohannadi, vice president of the Qatar Football Association and Asian Football Confederation, defeating charges brought by the Investigatory Chamber of the FIFA Ethics Committee.

Skadden Names New Partners

Mi, 05.04.2017 - 06:00
Skadden is pleased to announce the 2017 new partners.

JAB to Acquire Panera Bread

Mi, 05.04.2017 - 06:00
Skadden is representing JAB Holding Company in its $7.5 billion acquisition of Panera Bread Company.

Amazon.com Prevails Against IRS

Mi, 05.04.2017 - 06:00
Skadden represented Amazon.com, Inc. in a victory against the IRS involving one of the largest transfer pricing cases in decades and the first involving e-commerce. At issue in the case was the determination of the proper tax due upon Amazon's creation of a European headquarters.

DuPont to Sell a Portion of Its Crop Protection Business to FMC

Di, 04.04.2017 - 06:00
Skadden is advising E. I. du Pont de Nemours and Company on the sale of a portion of its crop protection business, including certain research and development capabilities, to FMC Corporation, in exchange for substantially all of FMC's health and nutrition business and a balancing payment of $1.625 billion.

Westinghouse Electric Company Files for Chapter 11

Di, 04.04.2017 - 06:00
Skadden is advising Toshiba in connection with the filing of voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code by Westinghouse Electric Company, LLC and certain of its subsidiaries and affiliates.

Student Athlete Class Action Against UNC Chapel Hill Dismissed

Di, 04.04.2017 - 06:00
Skadden secured the dismissal of a putative class action against the University of North Carolina at Chapel Hill (UNC) brought by two former students who attended UNC on athletic scholarships and now allege the university breached its contract and duties with student-athletes because they purportedly were denied a high-quality education and directed to low-quality courses while attending the school.

El Pollo Loco Secures Second Dismissal of Securities Complaint

Di, 04.04.2017 - 06:00
Skadden won a motion to dismiss an amended putative securities class action complaint brought against clients El Pollo Loco Holdings, Inc. (EPL), Trimaran Capital Partners and other individual defendants.  

AXA Equitable Wins New SLUSA Dismissal of Variable Annuity Case

Mo, 03.04.2017 - 06:00
Skadden secured yet another dismissal in a series of similar class actions filed against client AXA Equitable Life Insurance Company. The putative class action alleged that AXA Equitable breached its contractual duties to variable annuity holders by implementing a volatility management strategy in certain investment portfolios. The complaint claimed that the company's purported omissions in regulatory filings with New York's Department of Financial Services breached certain terms of the plaintiff's variable annuity contract.

Intellectually Disabled Client Granted Relief by Supreme Court

Fr, 31.03.2017 - 06:00
The U.S. Supreme Court granted relief to a pro bono client, Texas death row inmate Bobby Moore, who was sentenced to death for a 1980 murder.

National CinemaChain Sells Cinema Park

Do, 30.03.2017 - 06:00
Skadden advised National CinemaChain LLC on its $120 million sale of the largest Russian cinema chain, Cinema Park, to entities affiliated with A

Parrot Automotive and Faurecia Form Partnership

Do, 30.03.2017 - 06:00
Skadden is advising Parrot in connection with the implementation of a strategic and capital partnership between Faurecia and its subsidiary Parrot Automotive.

Nippon Shokubai to Acquire Sirrus

Do, 30.03.2017 - 06:00
Skadden is representing chemical company Nippon Shokubai Co., Ltd. in its acquisition of Sirrus, Inc., a U.S.-based advanced reactive technology platform monomer company.

Gumi to Establish Joint Venture With Nordisk Film

Do, 30.03.2017 - 06:00
Skadden is advising the venture investment arm of gumi Inc. on its establishment of Nordic VR Startups, a joint venture with Nordisk Film A/S, in which gumi will hold a 60 percent majority stake.

DuPont/Dow Merger Approved by EU

Do, 30.03.2017 - 06:00
On behalf of E. I. du Pont de Nemours and Company, Skadden secured European Union approval for its $130 billion merger with The Dow Chemical Company.

China-Based AirMedia Secures Dismissal of Class Action Complaint

Do, 30.03.2017 - 06:00
On behalf of China-based AirMedia Group, Inc. and its CFO, Richard Wu, Skadden secured the complete dismissal of a securities class action complaint.