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Chadbourne & Parke LLP

Chadbourne Represents GLG Partners in $3.4 Billion Deal to Access Public Markets Through Reverse Acquisition
Chadbourne & Parke LLP is representing GLG Partners, a leading alternative asset manager with gross assets under management of over $20 billion, in a $3.4 billion deal to access public markets through a reverse acquisition.

Under terms of the transaction, announced June 25 in London, GLG said it plans to access the public markets through a reverse acquisition with Freedom Acquisition Holdings, Inc. (“Freedom”) (AMEX: FRH).

Under the terms of the agreement, the owners of GLG will receive from Freedom $1 billion in cash and 230 million shares of Freedom common stock on a fully diluted basis. The transaction is subject to Freedom shareholder approval, regulatory approval and other customary closing conditions. Assuming these conditions are met, GLG anticipates completing the transaction early in the fourth quarter of this year.

The combined company will be named GLG Partners, Inc. Shares of the combined company are expected to trade on the New York Stock Exchange under the ticker symbol “GLG” upon consummation of the transaction.

Chadbourne is serving as legal counsel to GLG on the deal. Leading the transaction for Chadbourne are corporate partners Alejandro San Miguel, Charles E. Hord and Sey-Hyo Lee and tax partner Bill Cavanagh, together with corporate partners Scott Berson, Laura Friedrich, Kevin Smith, Edward P. Smith and J. Allen Miller; associates David Gallai, Peter Dahm, Jessica Tsai, Jennifer Noone, Erez Tucner, Joanna Wylomanska, Turgut Cankorel, Jennifer Roselius and Christina Olsson; summer associates Alison Kronstadt and Julia Smith-Aman and paralegal Jennifer Quinn-Felice.
About GLG

GLG, the largest independent alternative asset manager in Europe and the eleventh largest globally, offers its base of long-standing prestigious clients a diverse range of investment products and account management services. GLG’s focus is on preserving client’s capital and achieving consistent, superior absolute returns with low volatility and low correlations to both the equity and fixed income markets. Since its inception in 1995, GLG has built on the roots of its founders in the private wealth management industry to develop into one of the world’s largest and most recognized alternative investment managers, while maintaining its tradition of client-focused product development and customer service. As of June 1, 2007, GLG managed gross AUM of over $20 billion.

06-27-2007

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Jorden Burt LLP

Supreme Court decides "willful" includes "reckless" under the Fair Credit Reporting Act ("FCRA")
The FCRA requires users of consumer credit reports to send notice to consumers subjected to "adverse action . . . based in whole or in part on any information contained in a consumer [credit] report." An "adverse action" is "action taken or a determination adverse to interests of consumer," and includes a denial of or increased charges for credit or insurance.

06-26-2007

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Cleary, Gottlieb, Steen & Hamilton, L.L.P.

Prysmian in €1.24 Billion IPO – Italy’s Largest This Year
Cleary Gottlieb represented Goldman Sachs International, JP Morgan and Mediobanca-Banca di Credito Finanziario S.p.A. as joint global coordinators and joint lead managers in the initial public offering of Prysmian S.p.A., an Italian based energy and telecom cables company. The offering raised gross proceeds of more than €1.24 billion for selling shareholder Prysmian (Lux) II S.à r.l, which is controlled by Goldman Sachs.

The initial offering, which closed on May 3, consisted of 72,000,000 Prysmian ordinary shares now listed on the Mercato Telematico Azionario managed by Borsa Italiana, which were offered to Italian retail investors pursuant to an Italian-language prospectus, and to Italian and international institutional investors in accordance with Rule 144A/Regulation S. The joint global coordinators have since exercised an option to purchase an additional 10,800,000 shares from the selling shareholder for stabilizing and to cover over-allotments and short positions.

The Prysmian IPO is Italy’s largest this year. Cleary Gottlieb has been counsel in the largest Italian equity offerings in each of the last three years.

Prysmian is a leading developer, designer, manufacturer, supplier and installer of cables for applications in the energy and telecommunications industries. Founded in 1872, it long formed part of the Pirelli Group prior to its 2005 acquisition by Goldman Sachs Capital Partners. Prysmian is one of the world’s largest producers of energy and telecom cables, and the world’s second largest producer of fiber optic cables and related accessories. Notable for its geographic reach, Prysmian operates in Europe, Africa, North, Central and South America, Asia and Oceania.

06-26-2007

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Cleary, Gottlieb, Steen & Hamilton, L.L.P.

Mittal in $5.9 Billion Tender Offer
Cleary Gottlieb represented Mittal Steel Company N.V. in its combined mandatory tender offer and delisting tender offer for Arcelor Brasil S.A., a majority-owned subsidiary of Arcelor S.A. Following the successful acquisition by Mittal of Arcelor in August 2006, the Comissão De Valores Mobiliários, Brazil’s securities regulator, determined that, as a result of the indirect change in control in Arcelor, Mittal was required to launch an offer for all the remaining minority interests in Arcelor Brasil. The offer period lasted from April 27 to June 4, and the tender offer settled on June 8 and on June 26.

The tender offer comprised a mixed cash and exchange offer and a cash-only offer. The tender offer was structured to comply with Regulation S, as a result of which the mixed cash and exchange offer was not available to holders in the United States and to U.S. persons, and Regulation 14E, in addition to Brazilian capital markets regulations.

Because the relevant tender threshold was exceeded, Arcelor Brasil’s shares were delisted from the BOVESPA, the São Paulo stock exchange, on June 15. Following the completion of the offer, Mittal owned 96.6% of Arcelor Brasil, entitling it to acquire Arcelor Brazil’s remaining shares through a squeeze-out process. Arcelor Brasil, which had suspended SEC reporting obligations, filed a Form 15F to terminate those obligations.

Mittal sought to avoid SEC registration of its shares as a result of the complex accounting and other disclosure issues raised by the Arcelor acquisition (in which Cleary Gottlieb represented Mittal Steel). The CVM, which had initially opposed the exclusion of U.S. holders from the mixed cash and exchange offer, reversed its position after receiving a memorandum written by Cleary Gottlieb’s Paris, Brussels, Frankfurt and Milan offices, explaining that such exclusion would be permitted in the context of mandatory tender offers under the rules of a number of European jurisdictions. The CVM thus brought itself in line with European market regulation practices.

06-26-2007

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Cleary, Gottlieb, Steen & Hamilton, L.L.P.

Caregiver Aunt Wins Guardianship
Cleary Gottlieb won permanent letters of guardianship for a pro bono client seeking the guardianship of her 12-year-old niece. Brooklyn Family Court granted the letters of guardianship on June 26.

The child’s father died in December 2006, and her grandmother became incapacitated in 2007. The child’s mother’s whereabouts had been unknown since the child was two years old; however, Cleary Gottlieb lawyers discovered that she had died in 2004.

MFY Legal Services Kinship Caregiver Law Project, a multi-firm pro bono initiative to represent individuals seeking guardianship of family members, referred the case to Cleary Gottlieb. The project’s goal is to provide the kind of legal services to kinship caregivers that are currently provided by the state to foster parents seeking guardianship of children who are not their kin.

06-26-2007

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Hill, Ward & Henderson, P.A.

HILLSBOROUGH COUNTY BAR ASSOCIATION RECOGNITION
Hill, Ward & Henderson, P.A. is pleased to announce that four of its attorneys were recently recognized at the Hillsborough County Bar Association's Installation of Officers. Benjamin H. Hill IV was sworn in as a member of the HCBA Board of Directors. Christopher S. Branton and Brian L. Josias were installed as members of the Board of Directors for the HCBA Young Lawyers Division. S. Gordon Hill was recognized for his service over the past year as Secretary of the HCBA.

06-26-2007

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Donovan Hatem LLP

Suffolk County Jury Awards Troy Industries $505,000, a Verdict In Favor of Proprietary Trade Secrets; Judge Issues Permanent Injunction
Late last week, in a significant victory for the protection of company trade secrets, a Suffolk County Superior Court jury rendered a verdict in favor of Troy Industries, Inc. of West Springfield, Massachusetts. The jury found that the defendant, Samson Manufacturing Corporation, violated a confidentiality agreement and wrongfully used trade secrets of Troy Industries. Troy Industries is a designer of military weapons and weapons accessories. At issue were designs for multiple accessory products for M16 rifles and carbine used by the U.S. military in training and in combat.

The jury awarded Troy Industries $505,000.

The jury also found that Samson engaged in unfair and deceptive business practices in violation of Massachusetts General Laws Chapter 93A. This Chapter 93A finding entitles Troy Industries to an award of its costs and attorney fees.

In a move to further protect Troy Industries, yesterday, Superior Court Justice Ralph D. Gants issued a Permanent Injunction ordering that Samson is permanently enjoined from “manufacturing or contracting with others to manufacture for sale…”, “soliciting, advertising, or accepting orders for sale…”, “disclosing to anyone any design drawings…”, and “assisting any third party in the design or manufacture…” of the Troy Industries accessory products.

“This significant jury verdict and injunction reaffirm to companies, their consultants, contractors, and vendors, that confidentiality agreements will be enforced in Massachusetts and that they provide potent protection for commercial relationships,” said lead trial counsel Damian LaPlaca. “Without the enforcement of legal documents like these, companies could not openly share privileged information without the threat of losing ownership of innovative ideas.”

Drawing from Donovan Hatem’s strengths in the areas of trade secrets law and unfair business practices, the Donovan Hatem team of Business Litigation and Corporate Law attorneys that represented Troy Industries was led by Damian LaPlaca, Sarah Willey, and Christian Samito.

06-26-2007

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