As widely reported in the financial press, Paul, Weiss client Alere, Inc. settled its hard-fought merger battle with Abbott Labs. Abbott had agreed to buy Alere, a medical device and point-of-care testing company, in January 2016 for $56 a share--a 50 percent premium over market. Three months later, Abbott decided it wanted out of the deal, triggering a year-long fight over whether Abbott would be forced to consummate the transaction. Last December, Abbott sued Alere in Delaware Chancery Court, arguing that multiple events since the deal was signed had materially devalued Alere and permitted Abbott to cancel the transaction on material adverse change grounds. Kirkland & and Ellis and Wachtell Lipton represented Abbott. The court ordered expedited discovery and an April 21 trial. On April 14, a week before trial, the parties announced a settlement in which Abbott agreed to proceed with the transaction at a price reduced from $56 to $51 a share.
The Paul, Weiss litigation team was led by partners Bruce Birenboim, Andrew Gordon, Audra Soloway and Jaren Janghorbani, with invaluable assistance from, among others, partners Richard Rosen and Jane O’Brien, and included counsel Harris Fischman and Daniel Mason. The corporate team was led by partners Scott Barshay and Ross Fieldston, and included partner John Kennedy.
Share this Share thisAntitrust partner Chris Wilson was the featured guest on the September 2 episode of the Our Curious Amalgam podcast, in association with the Antitrust Law Section of the American Bar Association.
Global Antitrust Co-Chair Andrew Finch and Antitrust Deputy Co-Chair Tee St. Matthew-Daniel will participate in the 12 th Bill Kovacic Antitrust Salon hosted by George Washington University Law School.
Litigation of counsel Martin Flumenbaum and firm Chairman Brad Karp’s latest Second Circuit Review column, “Resolving an Open Question On Diversity Jurisdiction,” appeared in the August 30 issue of the New York Law Journal.
Litigation partner Aidan Synnott will participate in a panel, “Ireland's Commercial Court—The Case for U.S./Irish Cooperation,” as part of Ireland for Law’s 2024 New York City Mission.
Digital Technology Group Chair Katherine Forrest will deliver a presentation, “Critical Issues in AI Today,” as part of the Digital Government Institute’s annual 930gov convention.
Litigation partners Jeh Johnson and Loretta Lynch were interviewed by the New York Law Journal about the firm’s efforts to legally preserve and advance diversity in the profession, as part of the publication’s shortlisting of the firm …
Firm Chairman Brad Karp and Litigation Department Co-Chair Jessica Carey spoke with the New York Law Journal as part of Paul, Weiss’s recognition as a finalist for “General Litigation Department of the Year” and “Finance Litigation…
Litigation counsel Anna Gressel will participate in a panel on AI copyright litigation trends as part of the Danish Association for Entertainment and Media Law’s annual conference.
Litigation counsel Anna Gressel spoke with Law360 about the anticipated rise of AI-related evidentiary issues in courtrooms as artificial intelligence continues to develop at breakneck speed, and possible responses by the judiciary.
A federal district judge set aside the FTC’s Non-Compete Clause Rule and ordered that it “shall not be enforced or otherwise take effect.” The order is nationwide in scope and not party-specific.
LMG Life Sciences named Paul, Weiss a winner of two “Impact Deal of the Year” awards as part of its 2024 LMG Life Sciences Americas Awards for our work advising Inhibrx in its $2.2 billion spin-off merger with Sanofi and GSK in its…
The Daily Journal recognized litigation partner Melinda Haag as one of its 2024 “Top 100 Lawyers.”
The New York Law Journal recognized Paul, Weiss as the winner in the “Litigation Department of the Year: Finance” category in its 2024 New York Legal Awards, which annually spotlight the attorneys, judges and law firms making a…
The New York Law Journal recognized Paul, Weiss as “Law Firm of the Year” in its 2024 New York Legal Awards, which annually spotlight the attorneys, judges and law firms making a remarkable difference in the legal profession in New…
Paul, Weiss partners Annie Herdman and Brette Tannenbaum were named to the Global Competition Review’s 2024 “40 Under 40” list, which recognizes the next generation of leading antitrust practitioners worldwide at a time of increasing…
Litigation partner Brette Tannenbaum was named to the Global Competition Review’s 2024 “40 Under 40” list, which recognizes the next generation of leading antitrust practitioners worldwide at a time of increasing global focus on…
Antitrust partner Annie Herdman was named to the Global Competition Review’s 2024 “40 Under 40” list, which recognizes the next generation of leading antitrust practitioners worldwide at a time of increasing global focus on…
Litigation partner Aidan Synnott was appointed chair of the New York City Bar Association’s Antitrust and Trade Committee, which convenes monthly to tackle current issues affecting antitrust and trade regulation.
The National Law Journal recognized Paul, Weiss across five categories in its annual Legal Awards.
Litigation partner Jeh Johnson will receive The National Law Journal’s “D.C. Lifetime Achievement” award, which honors an attorney’s career-long accomplishments and impact on the national legal community.
