Morton A. Pierce, co-chairman of Dewey's mergers and acquisitions group and a member of the firm's executive committee, is headed to rival firm White & Case, according to two people with knowledge of his decision.
NEW YORK (Reuters) - Embattled law firm Dewey & LeBoeuf said on Sunday it removed its former chairman from various leadership positions amid a probe by the Manhattan district attorney and said that talks with rival firm Greenberg Traurig about a potential transaction ended with no deal. According to an internal firm memo obtained by Reuters, Dewey's executive committee voted to oust Steven Davis from its ranks and remove him from a five-member management team put in place during a leadership shakeup last month. The firm's management also disclosed that talks with Greenberg Traurig had ended.
For the team of veteran investment bankers and Bay Street lawyers involved, the takeover of Canada’s main stock exchange company TMX Group Ltd. by a consortium of banks and pension funds under the Maple Group banner was unique in magnitude and detail.
“There were 100 things that we needed to do right and if any of them went wrong, that one could have caused the deal to crater,” says veteran securities lawyer Vince Mercier, a partner at law firm Davies Ward Phillips & Vineberg LLP who worked with the banks in the Maple consortium.
It's official. As previewed earlier this morning, when we reported that according to media reports, Sullivan & Cromwell lawyer Jay Clayton, a long-time favorite of Wall Street and especially Goldman Sachs (Sullivan is a key outside legal adviser for Goldman and is more closely associated with Wall Street than perhaps any other law firm per the WSJ) has been nominated to lead the Securities and Exchange Commission.
After a January 12th tweet from WikiLeaks saying that Assange would agree to be extradited to the U.S. if the Obama administration granted "clemency" to Chelsea Manning, attorneys for Assange seem to be backtracking today on an alleged technicality.
Here was the "official offer" from WikiLeaks:
If Obama grants Manning clemency Assange will agree to US extradition despite clear unconstitutionality of DoJ case https://t.co/MZU30SlfGK
NEWARK, N.J. (AP) — Federal prosecutors say a group of hackers made $30 million by breaking into the computer systems of companies that publish news releases about mergers and acquisitions.According to an indictment unsealed Tuesday, the defendants gained access to news releases and traded on the information in them before they were made public.