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Wake Up Call: Broadcom Buys Symantec Division for $10.7 Billion

Aug. 9, 2019, 11:26 AM
  • Wachtell, Lipton, Rosen & Katz advised chipmaker Broadcom on its announced $10.7 billion deal to buy cybersecurity company Symantec Corp.’s enterprise division, in particular getting software designed to keep hackers out of corporate systems. The agreement, expected to close in January, comes weeks after the two companies’ talks for a complete merger fell apart over disagreements about the price. Fenwick & West advised Symantec. (BN)

  • Bayer AG is said to be proposing to pay as much as $8 billion to settle more than 18,000 U.S. lawsuits alleging its Roundup herbicide causes cancer. (BN)

  • Facebook yesterday took another unwilling step toward a trial in a class action that alleges its facial recognition technology violates Illinois law by gathering and storing user biometric data without their consent. The social network giant, which potentially faces billions in damages in the suit, said it will appeal again after failing to get a San Francisco federal appeals judge to overrule certification of a class of millions of users. (BN)

  • Facebook was represented by Mayer Brown partner Lauren Goldman, New York-based co-head of the firm’s Supreme Court & Appellate group, and others, according to the ruling text. Plaintiffs were represented by attorneys from Edelson PC; Robins Geller Rudman & Dowd; and Labaton Sucharow. (Law.Justia.Com)

  • Delta Air Lines, advised by fellow Atlanta resident King & Spalding, is suing tech vendor [24] for a 2017 data breach that may have compromised the personal and payment information of up to 825,000 of the airline’s customers. (BLAW)

  • Attorney General William Barr promoted former Covington & Burling antitrust lawyer and SCOTUS clerk Lauren Willard, now in the Justice Department, to coordinate a review into whether giant technology companies thwart competition. (BN via BLAW)

  • Another former Jones Day lawyer lost her fight to shield her identity in a proposed class lawsuit accusing the firm of systemic sex discrimination. (BLAW via BLB)

  • Paul Hastings poached a team of half a dozen lawyers from Shearman & Sterling in Sao Paulo, Brazil, a key Latin American hub. Making the move are M&A partner Jonathan Kellner, who is the former head of Shearman’s Sao Paulo office, capital markets partner David Flechner, counsel Andrea Campos, three associates, plus more attorneys to come later. (Latin Lawyer)


  • Kirkland & Ellis is representing Texas-based chemical maker Huntsman Corporation USA in a $2.1 billion sale of its chemical intermediates businesses to Thai chemical company Indorama Ventures Public Company Limited, advised by Lowenstein Sandler. ( (

  • Troutman Sanders client Liberty Tax, parent company of Liberty Tax Service, is acquiring 750-store nutritional products chain The Vitamin Shoppe, a Kirkland & Ellis client, in a deal worth about $208 million. The deal is part of Liberty Tax’s strategy to diversify by acquiring companies that have potential to be franchised. Liberty Tax got an equity commitment for the deal from an affiliate of Vintage Capital Management, LLC, advised by Willkie Farr & Gallagher. ( (

  • Willkie client The CapStreet Group, LLC, a Houston-based private equity company, announced it made a majority-stake investment in Dallas-based healthcare IT solutions company Surgical Notes, Inc., advised by Polsinelli. (Yahoo! Finance)

  • Altamont Capital Partners, advised by Sidley Austin, acquired a majority stake in Topa Insurance Group from Topa Equities Ltd., which was advised by Drinker Biddle & Reath. No terms were disclosed. (

  • Goodwin Procter advised healthcare administration tech company Phreesia on its recent $140.6 million initial public offering. (

Lawyers, Law Firms

  • In a legally required filing, Quinn Emanuel Urquhart & Sullivan parter William Burck, co-managing partner of Quinn’s Washington office and a top white-collar litigator, disclosed that he registered as a “foreign agent” in his legal work for a Kuwaiti defense contractor. (National Law Journal)

  • Big companies are facing fewer intellectual property lawsuits but spending much more on IP litigation, as cases get more significant, complex, and cover more jurisdictions, according to a new study from Morrison & Foerster. (

  • A Munger, Tolles & Olson partner led the legal work on a transaction aimed at keeping an archive of millions of photographs and thousands of hours of video of African American legends from Ebony and Jet magazines from “vanishing” into private hands in a bankruptcy auction. (National Law Journal)

  • Dallas, Texas-based Haynes and Boone is moving to bigger offices in London to accommodate a more than doubling of its partner headcount in the three years since it entered the city via a merger with U.K. boutique Curtis Davis Garrard. (

  • Steptoe & Johnson LLP released a report taking stock of its efforts to improve diversity and inclusion at the firm. (

Laterals, Moves, Promotions

  • Atlanta-headquartered Kilpatrick Townsend & Stockton grabbed a four-lawyer M&A team from Nixon Peabody in Raleigh, North Carolina. Partners John Erwin, Brian Brown, and Angela Cottrell and associate Sarah Beth Barnes, made the move, bringing healthcare and life sciences industry experience. (

  • Barnes & Thornburg added immigration attorney Tejas Shah in Chicago as a partner in its labor and employment department. He arrives from local firm Franczek P.C., where he led the immigration practice. (

To contact the correspondent on this story: Rick Mitchell in Paris at

To contact the editors responsible for this story: Rebekah Mintzer at; Molly Ward at