Law Firm News

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Law Firm News

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Davis Polk & Wardwell

Davis Polk Advises Banco Santander-Chile on a Secondary Offering
Davis Polk & Wardwell advised Banco Santander-Chile, as issuer, and Grupo Empresarial Santander, S.L. (“GES”, a wholly owned subsidiary of Banco Santander Central Hispano, S.A.), as selling shareholder, on the secondary offering by GES of 13,115,172 American depositary shares, representing 13,626,663,708 shares of common stock, of Banco Santander-Chile, for an aggregate price to public of approximately US$603 million.

Headquartered in Santiago, Chile, Banco Santander-Chile is the largest bank in Chile in terms of total assets, total deposits, loans and shareholders’ equity. Banco Santander Central Hispano is the largest bank in Spain and one of the 10 largest banking groups in the world by market capitalization.

Credit Suisse Securities (USA) LLC was the underwriter of this offering.

The Davis Polk corporate team included partner Nicholas A. Kronfeld, associates Yixin (Christine) Chen, Benjamin M. McAdams and Josefina Tobias (admitted in City of Buenos Aires only) and legal assistant Maria Norbis, all based in the New York office. Partner John D. Paton of the London office, counsel Leslie J. Altus and associate Mitchell A. Kent of the New York office and associate Nora Newton Muller of the Paris office provided tax advice. Associate Jodi B. Ganz of the New York office provided ’40 Act advice.

12-12-2006

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Schottenstein Zox & Dunn Co., LPA

Boggs-Lape Welcomed to SZD's Labor and Employment Group
Schottenstein Zox & Dunn (SZD) is pleased to welcome the addition of Kelly Boggs-Lape as Associate to the firm’s Labor and Employment Practice Group.

Boggs-Lape joins SZD from The Ohio State University Moritz College of Law where she served as Assistant Director in The Office of Career Services and as an adjunct instructor. She was formerly with the Columbus law firm of Vorys, Sater, Seymour and Pease, LLC. Boggs-Lape is currently a member of the Ohio State Bar Association.

After receiving her undergraduate degree in Japanese, cum laude, from The Ohio State University, Boggs-Lape received her Juris Doctorate from DePaul University College of Law. She also completed coursework at the International Christian University in Mitaka, Japan.

12-12-2006

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Lieff, Cabraser, Heimann & Bernstein, L.L.P.

Court Grants Final Approval to Class Action Settlement in Uninsured Pricing Lawsuit Against Sutter Health
The Honorable David W. Abbott of the Sacramento Superior Court granted final approval today to a class action settlement resolving claims regarding pricing and collection practices for uninsured patients at all of Sutter Health’s affiliate hospitals.
Class members will be entitled to make a claim for refunds or deductions from their prior hospital bills. As part of the settlement, Class members will be entitled to make a claim for refunds or bill reductions of between 25% to 45% from their prior hospital bills. For the next three years, Sutter hospitals have also agreed to maintain discounted pricing policies for uninsured patients that will make Sutter’s pricing for uninsured patients comparable to the pricing for patients with private insurance. In addition, Sutter has agreed to maintain more compassionate collections policies that will protect uninsureds who fall behind in their payments.
The claims process under the settlement is ongoing. Claim forms are available online at the settlement website, www.uninsuredsettlement.com, and the deadline to submit claims is January 17, 2007.
The Settlement Class includes all persons who:

* Received hospital services from a Sutter-affiliated hospital between September 3, 2000 and August 3, 2006; and
* Were uninsured at the time of treatment.

“We are pleased that the Court has granted final approval to this groundbreaking settlement so that uninsured patients will receive substantial refunds or reductions on their bills going back to September 2000. In the future, uninsured patients will also benefit substantially, because the settlement requires that Sutter end price discrimination against its uninsured patients, maintain generous charity case policies for low-income uninsureds to receive free or heavily discounted care, and protect uninsured patients from unfair collections practices. We hope that other hospital systems will follow this positive trend in fair hospital pricing and treatment for uninsured patients,” said Plaintiffs’ attorney Kelly M. Dermody, of Lieff Cabraser Heimann & Bernstein, LLP, in San Francisco, California.
The consolidated lawsuit was filed by six uninsured patients on behalf of themselves and hundreds of thousands of uninsured patients at Sutter-affiliated hospitals in California, alleging that Sutter charged uninsured patients excessive and unfair prices for medical treatment and services at Sutter-affiliated hospitals, and engaged in aggressive and unfair collections practices. Defendant denied wrongdoing and liability in the case.
Lead Counsel for named plaintiffs and class members is Kelly M. Dermody of Lieff Cabraser Heimann & Bernstein, LLP.

12-12-2006

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Gunster, Yoakley & Stewart, P.A.

GUNSTER YOAKLEY SHAREHOLDER ELECTED TO BOARD OF NICKLAUS CHILDREN’S HEALTH CARE FOUNDATION
Stephen G. Vogelsang, a shareholder at the West Palm Beach office of Gunster, Yoakley & Stewart, P.A., and a member of its Private Wealth Services Group, has been elected to the board of directors for the Nicklaus Children’s Health Care Foundation. The non-profit foundation provides charitable support for activities that advance and enhance the diagnosis, treatment and prevention of childhood diseases and disorders.

Vogelsang concentrates his practice in the areas of advanced estate and gift tax planning for individuals; estate administration; tax and succession planning for owners of closely-held businesses; and the formation and operation of tax-exempt organizations.

12-12-2006

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Barnes & Thornburg LLP

Abeska Named Member of Construction, Surety Section
Tim Abeska of the South Bend office is a new member of the Council of the ISBA Construction & Surety Law Section, having begun a two-year term which will expire in 2008.

12-12-2006

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Barnes & Thornburg LLP

Bankruptcy The Topic of Recent Thorne Interview
Debbie Thorne of the Chicago office was quoted in a recent Chicago Daily Law Bulletin article, "Number of bankruptcy cases falling: stats," about the decrease in the bankruptcy numbers this year.

12-12-2006

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Barnes & Thornburg LLP

Barnes & Thornburg LLP Receives Recognition for Helping The Hungry
By raising food and monetary donations equal to nearly 18,000 pounds of food, Barnes & Thornburg LLP finished first in the Senator Dick Lugar and Gleaners Food Bank of Indiana Corporate & Government Food Drive Challenge.

Sen. Lugar (R-IN) presented the first-place award Monday at Gleaners Food Bank to Barnes & Thornburg attorney John Koenig, who serves on the Gleaners board of directors. Attorneys and staff in the firms Indianapolis office raised 17,876 pounds in donations, which organizers collected from Nov. 27 to Dec. 7. That is the equivalent of roughly 2,250 meals.

Barnes & Thornburg attorneys and staff pride themselves on assisting numerous charitable organizations that often need ongoing donations to help those who are in need, said Robert T. Grand, Indianapolis office managing partner. We were glad to lend a helping hand to the efforts of Senator Lugar and Gleaners to support this worthy cause.

The firm encouraged attorneys and staff to give by sending periodic e-mails about the challenge and by placing large bins on several high-traffic areas in the firms offices. Staff then delivered the donations to Gleaners headquarters at 1102 E. 16th St.

Gleaners is grateful to Barnes & Thornburg and the many other companies who helped support this food drive, Koenig said. More help is needed as long as people remain hungry and we encourage other businesses and individuals to consider donating food or money to help feed Indianas hungry.

Gleaners Food Bank of Indiana provides food to Indiana charities to help feed the hungry. In central Indiana alone, more than 212,000 Hoosiers need food assistance on a weekly basis, including at least 63,000 children. A combination of high energy costs and an already-low supply of food on Gleaners shelves could make it difficult to feed people.

Sen. Lugar has done his part to encourage donations of food. He is an inaugural member of the Senate Hunger Caucus. He supports issues such as incentives to promote charitable food donations (The Good Samaritan Hunger Relief Tax Incentive law), the elimination of childhood hunger, food aid and health promotion.

12-12-2006

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