Business & Practice

Wake Up Call: New York Firms Advise in LVMH’s $16.2 Billion Tiffany Deal

Nov. 25, 2019, 12:59 PM
  • French fashion and luxury group LVMH today agreed to pay over $16.2 billion to buy Tiffany & Co, in what’s being called the biggest luxury-goods deal ever. Skadden, Arps, Slate, Meagher & Flom advised LVMH, while Tiffany got advice from Sullivan & Cromwell in the deal. (BN)

  • Uber Technologies Inc. failed to renew its license in London, as the city’s transit authority cited safety concerns in denying the extension. Uber, which has 45,000 drivers in London, can continue to operate while it appeals. (BN)

  • Amazon.com has hired prominent legal firepower at Gibson, Dunn & Crutcher and Morrison & Foerster for its lawsuit taking on the Pentagon’s decision to award a $10 billion cloud-computing contract to Microsoft. (National Law Journal)

  • Hogan Lovells poached Cleary Gottlieb Steen & Hamilton capital markets partner Raj Panasar in London. Panasar, who’s been at Cleary since 1997, is joining Hogan Lovells Jan. 1, 2020. He also led Cleary Gottlieb’s pro bono efforts, among other things. (HoganLovells.com)

  • Law.com took a look at some failures of major law firms to find common causes. The examples include LeClairRyan, Dewey & LeBoeuf, Coudert, among others. (Law.com)

  • Supreme Court Justice Ruth Bader Ginsburg was discharged from a Baltimore hospital Sunday, after going in for chills and fever on Friday night. (BN)

  • Simpson Thacher said partner Jonathan K. Youngwood, global co-chair of the firm’s litigation department, will argue an appeal in a federal class action, beginning Dec. 3, in which the Southern Poverty Law Center and others seek to end a Mississippi law that permanently strips voting rights from people convicted of felonies. The case is Harness v. Hosemann. (SPLCenter.org)

  • Youngwood is also representing CBS Corp., which is fighting an investor’s effort to force the broadcaster to turn over files about its $11.7 billion merger with Viacom Inc. The investor, Bucks County Employees Retirement Fund, told a Delaware judge that the deal unfairly benefits Shari Redstone, the companies’ controlling shareholder. (BN via BLAW)

Lawyers, Law Firms, Legal Market, Pro Bono

  • A bankruptcy trustee for a former O’Melveny & Myers client is asking a federal appeals court to revive a $54 million malpractice suit against O’Melveny. (American Lawyer)

  • Former Greenberg Traurig partner Marc L. Mukasey, an ex-federal prosecutor and a friend of Trump lawyer Rudy Giuliani, said his new trial boutique, Mukasey Frenchman & Sklaroff, does a lot more than just represent President Donald Trump. (New York Law Journal)


  • McDermott Will & Emery client H.I.G. Capital, a global alternative asset management firm, formed H.I.G. Middle Market LBO Fund III, L.P., which closed with aggregate capital commitments of $3.1 billion, well exceeding its target. (Businesswire.com)

  • Novartis AG agreed to buy Medicines Co. for about $6.8 billion, snapping up a promising cholesterol drug. (BN via BLAW)

  • Milbank and others advised Metro Pacific Investments Corporation (MPIC) and Singapore Sovereign wealth fund GIC Private Limited in MPIC’s $685 million sale of interests in Metro Pacific Hospital Holdings, Inc., the Philippines’ largest hospital chain. The buyer is a consortium of investors led by investment company KKR & Co. Inc., which was advised by Simpson Thacher and others. (Milbank.com) (Businesswire.com)

Laterals, Moves

  • Blank Rome hired former Federal Reserve Bank examiner Andrew J. White as an associate in Chicago, in its finance, restructuring, and bankruptcy group. (BlankRome.com)

  • Baker Botts promoted 14 lawyers to partner, including three intellectual property attorneys. And other personnel changes at IP law firms and IP-related organizations. (BLAW)

Legal Actions, Bankruptcies, Decisions

  • A Manhattan-based New York Supreme Court justice ordered losing defendants in a 2017 trial over intellectual property associated with The Palm Restaurant to pay $4.5 million in fees to plaintiffs attorneys at Hoguet Newman Regal & Kenney. The court awarded over $120 million to the plaintiffs in November 2018. (New York Law Journal)

  • Legal recruiter Major, Lindsey & Africa, represented by management-side firm Littler Mendelson, said it was dropping a lawsuit accusing a former partner who left for its rival MLegal Group of violating a noncompete clause in her employment contract. (National Law Journal)


  • Vanishing message apps are causing eDiscovery problems for lawyers and judges. (BLAW via BLB)

Regulators and Enforcement

  • New federal data show that investigations by the Committee on Foreign Investment in the United States, the interagency panel at the Treasury Department that reviews transactions for potential national security risks, more than doubled in a recent two-year period. (BLAW)

Legal Education

  • The Northwestern Prtizker School of Law is offering clinics in which students can get “hands-on experience” at federal appeals courts and the U.S. Supreme Court. (The Daily Northwestern)

To contact the correspondent on this story: Rick Mitchell in Paris at rMitchell@correspondent.bloomberglaw.com

To contact the editors responsible for this story: Rebekah Mintzer at rmintzer@bloomberglaw.com; Darren Bowman at dbowman@bloomberglaw.com

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