Business & Practice

Wake Up Call: Two NYC Firms Advise on Fiat’s Proposed Merger with Renault

May 28, 2019, 11:28 AM
  • Sullivan & Cromwell is advising Fiat Chrysler Automobiles NV on its proposed 32.6 billion euro ($36.47 million) merger with Renault SA, which is advised by Skadden Arps, according to the Financial Times. (Financial Times) If it went through, the proposed deal would create the world’s third-biggest automaker, Bloomberg reports. The deal leaves out Nissan Motor Co., Renault’s auto-alliance partner of the last two decades, although the Japanese automaker could join later. The former head of that alliance, Carlos Ghosn, is fighting Japanese charges of financial crimes. (BN)

  • In the United States, Big Law firms including Morrison & Foerster, Seyfarth Shaw, K&L Gates and others have created “pop up” teams of tax, real estate, and private funds lawyers to advise clients interested in investment opportunities linked to so-called opportunity zone tax breaks in the 2017 tax law. (BLAW)

  • Silicon Valley-based Gunderson Dettmer Stough Villeneuve Franklin & Hachigian announced summer bonuses for associates, ranging from $5,000 to $6,500 for the class of 2018 to $25,000 to $35,000 for class of 2011 associates, depending on their billing hours. (Above The Law).

  • President Trump’s lawyers said Saturday they’ve made a deal with House leaders that will hold off a release of Trump financial documents from Deutsche Bank and Capital One. The deal allows a pause for Trump to make an expedited appeal of a court ruling that would allow the banks to hand over the documents to House investigators, a report says. (NBC News)

  • The federal judge in charge of the $1 billion NFL concussion settlement booted three of four lawyers serving as class counsel. Senior U.S. District Judge Anita Brody, who earlier this year imposed rules limiting the doctors that retired players can consult for evaluations for dementia and other brain injuries, on Friday ruled that New York lawyer Christopher Seeger is the only attorney who can handle issues on behalf of the 20,000-member class. (Associated Press via ESPN)

  • Former Munger, Tolles & Olson associate Yohance Edwards is in charge of work to address #MeToo harassment concerns at the California-based U.S. Court of Appeals for the Ninth Circuit. Those concerns, and Edwards’ job, grew out of the sex harassment allegations that brought down Judge Alex Kozinski in 2017. (BLAW)

  • Four female attorneys anonymously suing Jones Day for sex discrimination are fighting the firm’s efforts to force them to identify themselves. (BLAW via BLB) Attorney David Sanford, who is representing the Jones Days lawyers suing the firm, recently did a podcast interview with Law.com. Sanford, the chairman of Sanford Heisler Sharp, has also brought gender bias lawsuits against Morrison & Foerster, Ogletree Deakins, Wilmer Hale and others. He’s settled similar claims against Chadbourne & Parke (now Norton Rose Fulbright), Proskauer Rose, and Sedgwick. (Law.com)

  • Ahead of the Memorial Day holiday, attorneys general of 51 states and territories urged Education Secretary Betsy DeVos to cancel federal student loan debt for disabled veterans. Attorneys general from Alabama, Arizona, and Texas were the only AGs who didn’t sign the request. (Politico)

Lawyers, Law Firms, Deals

  • CNN profiled top civil rights attorneys who represent families of African Americans killed by police. (CNN)

  • The former top lawyer at Tampa, Florida-based insurer WellCare Health Plans Inc., Thaddeus M.S. Bereday, had his law license indefinitely suspended by the Ohio Supreme Court, over his felony conviction in a scheme to defraud the Florida Medicaid program. (Corporate Counsel)

  • Proskauer Rose said it advised Kentucky-based Eagle Hospitality Real Estate Investment Trust as U.S. counsel in connection with its $565 million initial public offering on the Singapore Exchange. (The Business Times)

Laterals, Moves, Promotions

  • Barnes & Thornburg hired the head of Seyfarth Shaw’s employee benefits practice in Atlanta, Nicole Bogard. Bogard, who arrives as a partner, focuses on employee benefits and executive compensation practice, and matters related to the Employee Retirement Income Security Act. (BTlaw.com)


  • E-discovery companies including Casepoint, HaystackID, TRU Staffing, among others, have given prominent roles to chief information security officers, as the companies look to add compliance and data breach prevention to their service offerings. (Legaltech News)

  • A Texas federal court ordered the Houston school district to pay Austin-based educational publisher DynaStudy $9.2 million for infringing its copyrights on dozens of study guides and notes products. Cole Schotz advised DynaStudy. (TexasLawBook.com)

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; Molly Ward at mward@bloomberglaw.com

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