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TomTom Purchases Tele Atlas NV
Skadden is representing Tele Atlas NV (the Netherlands), a digital mapping company in its acquisition by TomTom NV (the Netherlands) for approximately US$2.8 billion in cash.

07-26-2007

Basell Acquires Lyondell Chemical
Skadden is representing Basell in its approximately $19 billion acquisition of Lyondell Chemical Co., announced on July 17. Basell, based in the Netherlands, is the world's largest producer of polypropylene and advanced polyolefin products. The company is owned by U.S.-based Access Industries, whose chairman and founder is the industrialist Len Blavatnik. Houston-based Lyondell operates in three business segments — ethylene, propylene oxide, and refining. Basell and Lyondell together would have had combined 2006 revenues of approximately $34 billion and 15,000 employees around the world.

07-26-2007

David Springer - In Memoriam
The firm regrets to announce that David Springer, a nationally prominent complex litigation partner in the Chicago office, died on June 19 at his home after a long battle with cancer. He is survived by his partner of 17 years, Bill Strausberger, Ph.D, a Research Associate at the Pritzker Laboratory for Molecular Biology at the Field Museum of Natural History. David’s devotion to his profession was surpassed only by his love and commitment to his partner, family and friends.

A summa cum laude and Phi Beta Kappa graduate of Yale College in 1974, David earned his law degree from Yale in 1977 and was a partner in the business litigation department at Kirkland & Ellis LLP in Chicago before joining the firm in 1986. In recent years, he was a key part of the defense team that represented various leading investment banks in the WorldCom securities litigation, one of the largest securities cases in history. David also represented Kmart Corporation in appellate matters arising in its successful Chapter 11 reorganization and Waste Management, Inc. in various securities litigation matters. Most recently, he led the litigation team for Delphi Corporation in its Chapter 11 reorganization cases. In the early 1980s, David headed the successful worldwide efforts to protect Atari, Inc.’s intellectual property rights. His cases have resulted in more than 40 published opinions, many concerning front-line legal issues.

"He had a very good sense of the law and the litigation process and an extraordinary ability to calibrate other human beings," Chicago office leader Wayne Whalen told the Chicago Tribune. "Quiet, thoughtful and forceful. He was very firm in his views about how things should be done." Wayne added that David remained one of the hardest-working attorneys at the firm even during his illness, saying, "He and I talked about this, and he told me, 'I enjoy my life most when I'm practicing law.'"

David was also well known in the legal community for his devotion to legal ethics and his mentoring of younger lawyers in legal writing and trial advocacy. He published numerous articles promoting a best practices approach to legal ethics including in publications of the Ethics and Professionalism Committee of the ABA Section of Litigation. In the Summer 2005 edition of Litigation Ethics, he wrote, "Since ‘exact certainty’ is impossible in legal matters, and the legal profession depends, after all, on opinions being ‘divided,’ the most ethical advocates are also the most effective."

A constitutional scholar who loved the law, David was committed to protecting the rights of the indigent and disadvantaged in numerous pro bono cases spanning his entire career. In 1996, together with Lambda Legal, he represented a Wisconsin high school student who had been subjected to relentless anti-gay verbal and physical abuse in a groundbreaking case arguing that schools have a responsibility to protect students from anti-gay verbal and physical abuse. This historic victory was the first legal challenge to anti-gay violence in public schools, resulted in a million-dollar verdict and settlement and led to an explosion in legal advocacy for LGBTQ youth.

More recently, David successfully represented a Lithuanian mother to reunite her with her six-year-old daughter taken illegally from Lithuania to the United States by the child’s father, who had also physically and emotionally abused the child.

David was a past member of the Executive Committee of the Yale Law School Association and the boards of directors of the Gay & Lesbian Alliance Against Defamation (GLAAD) and The Hubbard Street Dance Company, and was a member of The Chicago Club and The City Club of Chicago. He was also a member of numerous legal associations and organizations across the United States including charter membership in the Trial Bar of the U.S. District Court for the Northern District of Illinois.

In addition to his partner, David is survived by his father, Edward Springer, and his sister, Annette Springer.

07-26-2007

IHOP To Acquire Applebee's Restaurants
Skadden is representing IHOP Corp. in its approximately $2.1 billion acquisition of Applebee's International, Inc. The combined company would have 3,250 restaurants and sales of nearly $7 billion, according to The Wall Street Journal.

07-26-2007

Potter Anderson Insurance Coverage Litigators Obtain Victories Involving Insurance Coverage in Excess of $100 Million
Insurance coverage litigation partners at Potter Anderson achieved two substantial victories for Potter Anderson’s clients AT&T Corp. and Sun-Times Media Group, Inc., and certain outside directors of Sun-Times.

AT&T Corp. v. Clarendon America Insurance Co., et al.

In the most recent decision, the Delaware Supreme Court reversed the trial court and reinstated AT&T’s claim for the indemnification of defense costs and settlement amounts that embraced a tower of coverage of $90 million. AT&T Corp. v. Clarendon America Insurance Co., et al., App. No. 567, 2007 Del. LEXIS 294 (Del. Supr. July 2, 2007). This decision restores to the underlying litigation in Superior Court the $90 million portion of almost $600 million at issue in coverage limits in that action. Partner John James is the lead Potter Anderson attorney representing AT&T in this action, serving as co-counsel with Morgan, Lewis & Bockius LLP. In its decision, the Supreme Court held that AT&T was entitled to cover-age from the insurers who had provided $90 million in directors and officers liability coverage to At Home Corporation, a subsidiary of AT&T, which had entered bankruptcy. That bankruptcy contributed to the filing of a number of securities class actions against AT&T, its directors and the directors of At Home, most of whom were AT&T designees. The Delaware Supreme Court held, on issues of first impression, that the At Home directors had suffered a legally cognizable “loss” within the terms of the policy and that AT&T, which had indemnified its At Home designated directors because of At Home’s bankruptcy, was equitably subrogated to the rights of those directors to the At Home insurance coverage. The court rejected the formalistic position adopted by the Superior Court and advanced by the insurers that it was necessary for the At Home directors to have actually paid their defense costs and their portion of a $340 million settlement before being indemnified by AT&T in order to be entitled to coverage under the D&O policies sold to At Home.

07-26-2007

Prominent Health Care Lawyer Joins Ober|Kaler
Ober|Kaler, a Maryland and Washington, D.C. law firm, announced today that A. Thomas Pedroni, Jr. has joined the firm as principal in its Health Law Group.

Mr. Pedroni brings nearly two decades of health care experience to the firm with a practice area that includes health care institutions, physicians and dentists, health information technology, insurance, risk management and alternative risk financing.

"Tom Pedroni will have an immediate impact at the firm," said Sanford V. "Sandy" Teplitzky, Chair of the Health Law Group at Ober|Kaler. "I am thrilled that he has chosen to join us. Our clients will be the ones who benefit from his expertise. Together, Tom and the rest of our Health Law team will be available to assist our health care clients nationally as they address, on a daily basis, the myriad legal and operational issues facing providers in the health care delivery system."

Mr. Pedroni brings a distinguished legal career in Health Law to Ober|Kaler. Prior to his arrival, Mr. Pedroni was the Co-chair of the Health Law Practice Group at Hodes, Ulman, Pessin & Katz P.A. in Towson. He also was managing attorney for the Johns Hopkins Health System Corp., risk manager for Johns Hopkins Hospital, and Vice President and General Counsel to a national dental practice management company with practices in 12 states. He also has significant managed care company and contracting experience.

"I hope to be able to assist Ober|Kaler with my skill set," Mr. Pedroni said. "The opporunity to come here as a partner is exciting. I hope to help the firm with its physician and hospital client base."

A native of Baltimore, Mr. Pedroni graduated from Johns Hopkins University and the University of Maryland School of Law. Mr. Pedroni has written for numerous publications including Contemporary Pediatrics, The Maryland Bar Journal and Physicians Practice Digest. He has also lectured extensively on health care issues to health care providers and administrators. Mr. Pedroni is a member of the American and Maryland Societies for Health Care Risk Management, and the American Health Lawyers Association.

He has joined a health care law practice that is recognized nationally for its work. Ober|Kaler’s Health Law Group is one of the largest in the U.S. with more than thirty lawyers. The most recent issue of "The Best of the Best" listed five Ober|Kaler health care lawyers among the top twenty-five in the nation.

Outside of his legal career, Mr. Pedroni is involved in a number of activities, including the Associated Italian Charities of Maryland, Inc. He speaks fluent Italian and has a number of Italian business clients. A former college basketball and baseball player at Johns Hopkins University, Mr. Pedroni also coaches baseball for the Roland Park Little League, and is involved in the Towsontowne Recreation Council.

07-26-2007

Leading Paper Manufacturer in €400 Million Credit Facility
Cleary Gottlieb represented Arjowiggins as borrower in a €400 million syndicated multicurrency credit facility arranged by a group of lenders including BNP Paribas, Calyon, Crédit Mutuel-CIC and Société Générale Corporate & Investment Banking. The deal closed on July 25.

Arjowiggins, a wholly-owned subsidiary of Sequana Capital, is a leading manufacturer of creative and high technology paper.

07-25-2007

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