Our attorneys are called upon to comment on headline-grabbing cases and deals, industry trends and legal developments. Highlights of recent commentary follow.

• Partner Bradley J. Bondi in discussing Public Company Accounting Oversight Board noted that "Chairman Doty is a veteran securities lawyer and is well respected on both sides of the aisle."
  SEC to Put U.S. Audit Watchdog Under Microscope, Reuters
  January 10, 2012

• In connection with questions surrounding whether MF Global's former chief, Jon Corzine, who was subpoenaed to testify before Congress, should publicly answer questions surrounding the organization's collapse, Bradley Bondi who often represents witnesses in government hearings, said lawyers face "a difficult balancing act between not wanting to make your client look bad in public for refusing to answer questions, and on the other hand, ensuring the client is not exposed to criminal or civil liability for something said during a congressional hearing."
  Congress Subpoenas Corzine on MF Global Collapse, Reuters
  December 2, 2011

• “Judge Rakoff’s opinion is a major blow to the SEC,” said Bradley J. Bondi, a Washington- and New York-based partner at Cadwalader, Wickersham & Taft LLP and former SEC lawyer. “If defendants are forced to admit to allegations in an SEC complaint in order for a federal judge to approve a settlement involving injunctive relief, then defendants may opt to battle the SEC rather than settle and adversely affect civil litigation.”
  Citigroup MBS Settlement Rejected by Judge Who Says Public Deserves Truth, Bloomberg
  November 28, 2011

• "While Warren Buffett has generated attention with his complaints that he and his fellow billionaires pay federal income taxes at a lower rate than his secretary -- about 17 percent -- the real figure is often smaller," said David S. Miller , former chair of the tax section of the New York State Bar Association. “The problem is not that people like Warren Buffett pay tax at a 17 percent rate, it’s that they can use complex transactions not available to most Americans to get cash from their appreciated stock without paying any taxes at all.”
  Buffett-Ducking Billionaires Avoid Reporting Cash Gains to IRS, Bloomberg
  November 21, 2011

• “There is potential for cost cutting in real estate and labor, based on decisions around the type of service they’ll offer and where,” said Deryck A. Palmer. “But there’s also the opportunity to piggy-back ancillary services such as freight on their existing infrastructure, which could add revenue and defray fixed costs.”
  USPS Weighs Hiring Restructuring Advisers, Bloomberg
  November 15, 2011

• Partner Steven D. Lofchie stated that “[i]t may be useful for Chairman Gensler in the short run to be viewed as an opponent of the financial industry, but to be successful in the long run, the C.F.T.C. will have to produce workable regulations that do not damage the economy too much. The jury is still out on whether the C.F.T.C. can do that.”
  Its Leader on Sidelines, Regulator Faces Biggest Test in MF Global, DealBook
  November 7, 2011

• “The obligation to prepare compliance programmes applies no matter what exemption the bank has relied on – including the ‘solely outside the US’ exemption," said Scott Cammarn. "This means an overseas broker-dealer affiliate that engages in prop trading and relies on the ‘solely outside the US’ exemption will have to build a compliance programme simply to prove the activity it is conducting remains outside the US."
  Non-US banks Stunned by Volcker Compliance Regime, Risk Magazine
  November 4, 2011

• “It’s a winner takes all environment,” said Rocky Lee. Chinese companies also are facing a different market. “They’re looking at content because of censorship, they’re looking at permits.”
  VC In China: 6 To 10X Growth In Past Ten Years, TechCrunch
  November 1, 2011

• Partner Michael S. Gambro noted that there are securities laws limitations on what kinds of information CMBS issuers can provide to investors on public deals. "It's led to making determination as to what additional information can be made available to the public buyers, in contrast to the flexibility in providing additional information in private deals." He added that the recent public CMBS 3.0 deals have a more detailed disclosure on the loan representations and warranties, as well as exceptions to the representations and warranties.
  CMBS Builds Up Strength Under Version 3.0, GARP
  November 1, 2011

• Partner Paul J. Pantano, Jr. said the position limits increase all the administrative burdens on hedgers. "Hedgers will have to comply with many additional reporting requirements, collecting and bucketing the required information is going to be more time consuming than government realizes," Pantano said. "Additionally, if liquidity in the marketplace decreases, it’s going to be more expensive to execute your hedging transactions."
  Hedger Costs Set to Outweigh CFTC Position Limit Benefits, IFLR
  October 28, 2011

• Partner Alec J. Burnside advised to "[r]evise hard, and then let it go – most of it will be totally irrelevant to what you find yourself doing. Just hope that the 90% you forget is the 90% that you won’t be needing."
  What I Wish I knew When I Left University - The Profession's Finest Offer Some Life Advice, Legal Week
  October 20, 2011

• "I intend, if confirmed, to pursue every avenue," Michael E. Horowitz said during his Senate judiciary confirmation hearing, discussing an ongoing investigation into the Bureau of Alcohol, Tobacco. Firearms and Explosives operation known as Fast and Furious.
  IG Nominee Attempts to Assure Senators of His Independence, Main Justice
  October 19, 2011

• “This is a very important rule for the futures and derivatives industry,” Paul Pantano, a Washington-based partner at New York law firm Cadwalader Wickersham & Taft LLP, said yesterday in a telephone interview.
  Commodity Speculators May Face New Limits, Bloomberg
  October 18, 2011

• Partner Bradley J. Bondi is quoted regarding the sentencing of Raj Rajaratnam for insider trading. "The eleven-year sentence is a landmark sentence because it is the longest sentence for insider trading in U.S. history."
  Trial, the Largest Wall Street Chiefs Hedge Fund Insider Trading Case, China Business News
  October 17, 2011

• "I suspect there are going to be a large number of positive changes in the rule," said Paul Pantano, pointing to changes in account control and easing of some reporting requirements. "But until we see the final rule a lot of that could be changing. It's a long march."
  After Much Talk, U.S. Commodity Crack-down Nigh, Reuters
  October 17, 2011

• Partner Bradley J. Bondi is quoted on the sentencing of Raj Rajaratnam and prosecution's selective use of wiretaps. "The prosecutors only wire tapped and used his cell phone conversations. They didn’t use his actual business line conversations and that’s going to be a critical issue on appeal --- whether or not this selective use of certain conversations was appropriate."
  Wake Up to Money, BBC News Radio
  October 14, 2011

• Partner Bradley J. Bondi is quoted regarding the sentence of Raj Rajaratnam and its impact. "[T]his case and other related prosecutions that we’ve seen over the last year have caused financial professionals to evaluate the methods they use to gather research for their investments."
  Today, BBC News Radio
  October 14, 2011

• “Volcker allows securities lending and there does not seem to be any issues which restrict those types of transactions,” said Steven Lofchie. “However, there are certain capital requirements under Dodd-Frank which could limit a bank’s ability to lend securities.”
  Volcker Sanctions Yet Dodd-Frank Stymies Securities Lending, The Trading News
  October 14, 2011

• "The chances of a eurozone member withdrawing legally from the currency union are extremely low, and it is highly debatable as to whether it is the right course of action," said Adam Blakemore. The possibility of a eurozone state withdrawing from the monetary union is slim, and expulsion near impossible, and that even if a withdrawal was successfully negotiated, the effect on the withdrawing state would amount to economic chaos.
  Eurozone Withdrawal Slim, Euromoney Magazine
  October 13, 2011

• "SEC attention may increase the time it takes for companies to get U.S. listings," according to Rocky Lee. “The SEC is now more concerned about VIE structures and are asking more questions.” “This can mean that the U.S. listing process will take more time, subject to more extensive review from the SEC. It’s plausible that existing listed VIE companies will be required to provide further disclosure.”
  China Companies Evading Rule With U.S. Listings Stump Regulators, Business Week
  October 9, 2011

• "Jobs heirs will pay taxes only on the shares if they sell them later for a higher price than when they received them -- and then only on that rise in value," said David Miller.
  Steve Jobs’ Heirs to Avoid Big Tax Hit If They Sell Apple Stake Right Away, New York Post
  October 7, 2011

• "Basically, all of the facts were running against Sabre," said Joseph Bial. "What they tried to do is nearly unprecedented."
  Sabre Moves to Consolidate 2 Cases in MDL; Judges Say No Way, Thomson Reuters News & Insight
  October 7, 2011

• “Keeping up with the new Dodd-Frank regulations is like drinking from a fire hose,” says Gregory Mocek, former director of enforcement for the CFTC.
  Industry in the Midst of a Maelstrom, Financial Times
  October 7, 2011

• "Google illegally abuses dominant market position in online and mobile search and in search advertising by making exclusive deals, restricting advertisers from using other platforms and manipulating search results," said Jonathan Kanter. "Google is very opaque when it comes to the facts of how its search runs in detail," said Charles Rule, Microsoft's longtime attorney in the Justice Department antitrust case against Microsoft.
  Lawyers Defending Google Say Favoring Own Content Over Rivals' in Search Wouldn't Violate Antitrust Rules, Warren's Washington Internet Daily
  October 7, 2011

• Arcadia officials "potentially have an argument that some of their transactions fall into the section 2(g) exemption in effect at that time," said Paul Pantano. "The CFTC would argue that those [physical] transactions were part of the overall manipulative scheme," said Cadwalader's Pantano.
  Quirk Of US Commodities Law Poses Hurdle For Regulators, Dow Jones
  October 4, 2011

• “That line in the inspector-general’s report puts the CFTC in a worse light than the SEC with respect to the USCC case,” said Robert Zwirb.
  CFTC and SEC Facing Legal Anxiety Over Cost-Benefit Analyses, Risk Magazine
  October 3, 2011

• Partner Steven D. Lofchie stated, “The USCC ruling tells market participants they have redress against the government and that the requirement that agencies conduct cost-benefit analyses is not a sham – and our clients clearly understand they have the right to challenge non-considered actions.”
  CFTC and SEC Facing Legal Anxiety Over Cost- Benefit Analyses, Risk Magazine
  October 3, 2011

• Special Counsel Anne MacGregor stated "thought should be given to other possible deals out there and their antitrust impact with the European Commission's 'first in, best dressed' policy in mind."
  Western Digital Gets EU Antitrust Complaint on Hitachi Deal, Bloomberg
  August 19, 2011

• Partner Bradley J. Bondi is quoted regarding the SEC's new $21-million Tips, Complaints and Referrals Database, "It will be several years before we really see whether this new system is a success. But I think the new system is a step in the right direction.”
  New Tip Machine Brings SEC Into 21st Century, Reuters
  July 27, 2011

• Partner Bradley J. Bondi comments about the possibility of California joining New York and Delaware in an investigation into Wall Street's role in the mortgage meltdown that could lead to criminal charges against financial executives, noting that "[i]t's a different ballgame when you are dealing with the New York A.G."
  California May Join Probe of Wall Street's Role in Mortgage Meltdown, Los Angeles Times
  July 15, 2011

• Partner Alec J. Burnside commented that “media mergers always have to face a bit of an obstacle course, but this one just got a whole lot more complicated,” when discussing News Corporation’s controversial bid to take over BskyB.
  Gov’t refers News Corp-BSkyB bid to Competition Commission as Hackgate racks up legal roles, Legal Week
  July 14, 2011

• Partner Steven D. Lofchie was noted for his authorship of a widely read paper on why new derivatives rules could not be put in place by the originally stated deadline.
  GOP Hopes Financial Reform Law Will Haunt Democrats, Politico
  July 10, 2011

• Partner Gregory Mocek questioned the use of the Commission's limited resources to continue to pursue [Ponzi] cases on a civil basis, rather than simply refer them to the criminal authorities.
  Chasing Fraud, Then Chasing Cash Regulators Struggle to Collect Fines; 'We Need to Do Better', The Wall Street Journal
  July 8, 2011

• Special Counsel Assia Damianova stated "restructuring has proved to be the most problematic of the credit events with its difficulties of defining what is adverse for bondholders and of interpreting the circumstances that led to the adverse effect. For example, if debt is restructured through an exchange, one will have to consider whether the definition of restructuring is wide enough to capture an exchange, if all holders have the power to accept or decline the exchange offer and if the offer has been accepted and become 'binding on all holders'. One would also have to consider the issues both under the public law of the jurisdiction of the sovereign and the proper law of the debt obligation that has been restructured."
  Voluntary Debt Exchanges Scrutinised, Structured Credit Investor
  July 4, 2011

• Special Counsel Kent R. Stevens commented about public interest overriding an exclusion order in ITC cases,"They're going to have better records to make the decision, but I don't think it's necessarily going to result in them setting aside exclusion orders," he says. If anything, it will provide them with a better record for fashioning the scope of exclusion orders."
  ITC Survey: The Slugfest Continues, Corporate Counsel
  June 21, 2011

• Partner Louis M. Solomon discusses the practice of third-party funding of litigation.
  New York City Bar Gives Thumbs Up to Litigation-Funding, Thomson Reuters
  

• Partner Steven D. Lofchie discusses financial regulations affecting swaps set to take effect in July, and comments that ". . . regulators cannot repeal an act of Congress. They can, to some extent, diminish its effect, but they can't repeal it."
  SEC to Delay Some Swaps Rules Ahead of July 16 Deadline, The Wall Street Journal
  June 10, 2011

• Partner Steven D. Lofchie Says Dodd-Frank Creates Model of Uncertainly
  Law Reports, Bloomberg Law Reports
  

• Senior Counsel Bruce A. Hiler speaks about the appointment of Kathryn Ruemmler as White House Counsel.
  Ruemmler's Inside the Beltway Credentials, Thomson Reuters
  June 2, 2011

• Partner George A. Davis and his team are noted for their work in representing Caribbean Petroleum in bankruptcy and reimbursements to the EPA and U.S. Coast Guard for cleanup.
  Bankrupt Oil Company Pays $8 Million to End Cleanup Claim, Thomson Reuters
  June 1, 2011

• Partner Paul J. Pantano, Jr. is quoted discussing the potential fraud in the oil markets and the CFTC's recent lawsuits noting that "the crude-oil market is a very complex market."
  CFTC In Uphill Battle to Make Oil Manipulation Charges Stick, The Wall Street Journal
  May 27, 2011

• Partner Bradley J. Bondi commented on the nomination of Republican Daniel Gallagher and Democrat Luis Aguilar to the U.S. Securities and Exchange Commission.
  Obama nominates Gallagher as SEC commissioner, Reuters
  May 18, 2011

• "It’s an integrity and confidence issue, and concern that there are these bad-apple companies taints the entire basket of Chinese companies, including those seeking to IPO," stated Rocky Lee when discussing the drag on the market for larger Chinese IPOs.
  Longtop Short-Sellers Show Mistrust Undermines China IPO Market, Bloomberg
  May 18, 2011

• Partner Gregory Mocek speaking about Dodd-Frank reforms notes that " [t]he speed at which these rules are coming out is unprecedented, and these are important rules and thus a delay of 18 months is reasonable."
  U.S. House GOP Tries to Derail Dodd-Frank Express, Thomson Reuters
  May 4, 2011

• Partner Gregory A. Markel examines recent insider trading cases.
  Insider Trading, The Daily
  May 4, 2011

• Partner Bradley J. Bondi commented about the delay in the rulemaking schedule under the financial reform whistleblower bounty program, "a delay could serve to improve the final rules. The whistleblower rules may have an enormous impact on the corporate and legal communities. The SEC staff should take the time necessary to carefully consider the comments that have been filed concerning the proposed rules, rather than to rush the process."
  SEC, in Update on Dodd-Frank Rulemaking, Moves Final Action on Whistleblowers to May, BNA's Securities Litigation Daily
  April 27, 2011

• Partner Charles F. (Rick) Rule and his team are noted for representing US Airways, Inc. in a suit filed against Sabre, alleging antitrust violations in its operation of a global system that distributes flight fares and information.
  Cadwalader Files Antitrust Suit for US Airways Against Sabre in Traveling Booking Wars, The American Lawyer
  April 21, 2011

• The firm is noted for representing investor Carl Icahn relating to his interests in Blockbuster.
  Icahn Seeks Sanctions in Blockbuster Bondholder Suit, Law360
  April 12, 2011

• The firm is noted for representing investor Carl Icahn relating to his interests in Blockbuster
  Icahn Seeks Sanctions in Blockbuster Bondholder Suit, Law360
  April 12, 2011

• Cadwalader partner Bradley Bondi on expert networks.
  Insider Trading Probes Shine Spotlight on Expert Industry, Washington Post
  April 3, 2011

• "Things are a lot better in 2010," stated Michael Gambro , when discussing the asset and mortgage backed securities markets. "The firm ranked first in the mortgage-backed markets with 16 issues as issuer's counsel and ranked third with ten issues as manager's counsel."
  Securitizations: On the Mend, The American Lawyer
  April 1, 2011

• Cadwalader partner Bradley Bondi is quoted in the Wall Street Journal regarding insider trading laws.
  Berkshire's Sokol Resigns; He Bought Lubrizol Stock, Buffett Says, The Wall Street Journal
  April 1, 2011

• Partner Rocky T. Lee speaks about the private equity and venture capital markets and the difficulties in selecting targets in China
  Sticking Point: Developing Markets Lack Talent, China Economic Review
  April 1, 2011

• Cadwalader partner Bradley Bondi is quoted regarding the likelihood of an SEC Enforcement action.
  Why SEC May Not Bring Charges Against Sokol, Marketwatch
  March 31, 2011

• The firm is noted for representing MBIA and LaCrosse in a CDO suit.
  MBIA Suit Over $1B CDO Deal Survives, Law 360
  March 28, 2011

• Partner Bret A. Campbell stated "the best thing for hedge funds to do is to be proactive. They need to make sure that they understand the risks of using intermediaries with their links to SWFs. They need to be aware of the compliance rules and provide in-house compliance training to get the message out there to employees.”
  Hedge Funds with SWF Clients Should Re-Jig Compliance Operations, COO Connect
  March 28, 2011

• Partner Bradley J. Bondi is quoted regarding litigation priorities of the New York Attorney General.
  Schneiderman May Remain Wall Street's Sheriff, Law360
  March 24, 2011

• Partner Adam Blakemore commented about the U.K's announced budget regarding corporate tax. "On the face of it, the UK is starting to look increasing competitive in comparison to mainstream G20 [Group of 20] nations such as the U.S. and Germany. One of the challenges with this approach, however, is that multi-national companies are not generally seeking to relocate or redomicile to Germany or the U.S. from the U.K."
  U.K. Government Announces Surprise 2 Percent Corporation Tax Cut In Budget, BNA's Daily Tax Report
  March 24, 2011

• The firm is noted for adding two top litigators, Peter Moll and Brian Wallach to the firm.
  Cadwalader Boosts Antitrust Practice, Global Competitive Review
  March 18, 2011

• Partner Michael S. Gambro is quoted regarding uptick in the commercial real estate (CRE) and the collateralized debt obligation (CDO) markets and how they are expected to surface early in the year.
  Commercial Real Estate CDOs Poised For Comeback, Reuters
  March 7, 2011

• "I have concerns that the proposed changes could hinder capital formation by making it more difficult for some public companies to use the streamline registration Form S-3," said Bradley J. Bondi , a partner at Cadwalader, Wickersham & Taft LLP and former counsel to two SEC commissioners.
  SEC gives credit ratings the cold shoulder, Reuters
  February 9, 2011

• The firm is noted for representing Caribbean Petroleum Corporation in its liquidation plan filed in U.S. Bankruptcy Court in Delaware.
  Caribbean Petro Plan Resolves Debt, Enviro Liability, Law360
  February 7, 2011

• When speaking about the AXA Rosenberg settlements, Bradley Bondi stated "the SEC is sending a message to quantitative investment firms . . [i]f they find an error that harms investors, they need to promptly correct the error and disclose the error to investors."
  AXA Units to Pay $242 Mln For Trading Model Glitch, Reuters
  February 3, 2011

• Special Counsel Douglas S. Mintz commented about bankruptcy filings in the U.S. noting that "a spike next year in debt maturities relating to commercial real estate will force lenders and investors to address the problem, rather than delaying a day of reckoning. . . [i]t will finally be dealt with in a positive way."
  Many US Companies Ailing Despite Economic Recovery, Reuters
  January 28, 2011

• The firm is mentioned regarding the intent to establish an office in Houston to be led by energy and commodities partner Robert Stephens.
  New York Law Firm Opens Houston Office, Houston Business Journal
  January 24, 2011

• The arrival of a nine-partner energy and commodities team heralds a new area of concentration for the firm, long known for its leading financial services practice.
  New York Law Firm Targets D.C.-Based Energy Practice, The Washington Post
  January 20, 2011

• When discussing tax policies and alternatives, David S. Miller noted that "the current U.S. international tax system is the best of all worlds for U.S. multinationals. That is because the companies can defer U.S. income taxes by shifting profits into low-tax jurisdictions abroad, and then use foreign tax credits to shelter those earnings from U.S. tax when they repatriate them."
  Bringing Cash Back to U.S. With Reduced Taxes, The New York Times
  January 4, 2011

• Partner Rocky T. Lee speaks about potential IPOs of Chinese companies in the U.S.
  China's Companies Dump U.S. Stock Listings, The Wall Street Journal
  January 3, 2011

• Partner Julian S.H. Chung is named one of The American Lawyer's "45 Under 45," a list honoring the top young women of the AmLaw 200.
  45 Under 45, The American Lawyer
  January 3, 2011

• Partner Bradley J. Bondi discusses the importance of education surrounding the new bounty program.
  Don't Fear The Snitcher Industry Scrambles for Whistle, Compliance Reporter
  December 27, 2010

• The firm is noted for hosting a webinar about insider trading and recent investigations.
  Four Arrested in Insider-Trading Investigation, The New York Times
  December 16, 2010

• The firm is recognized for its representation of iCopyright in an antitrust suit against Associated Press.
  iCopyright Sues Associated Press for Breach of Contract, Unfair Competition,, MediaPost News
  December 7, 2010

• Partner David S. Miller is quoted regarding a proposed tax policy and offers alternative solutions.
  A Dollar And A Dream, Prof: Founding Execs Paid in Stock Dodge Taxes, New York Post
  December 3, 2010

• Partner Gregory A. Markel is noted for his election to the Board of Directors of The Legal Aid Society.
  Cadwalader, Associated Press
  November 29, 2010

• The firm is noted for representing Cantor Fitzgerald Securities in the prepackaged reorganization plan of Riviera Holdings.
  Riviera Holdings eyes exit by end of the year, Las Vegas Sun
  November 12, 2010

• Partner Peter B. Clark discussed about FCPA cases noting that stated "companies would rather do their own investigations than have a grand jury bring in subpoenaed witnesses."
  Swiss Shipper Finds Resistance Futile in Bribe Probe, Bloomberg News
  November 12, 2010

• Partner Richard M. Schetman comments about the possible shifts in financial rulemaking amid the election.
  Financial Rulemakers Face Potential Gridlock, Financial Times
  November 9, 2010

• Partner Deryck Palmer notes that "you'll notice these cases came up during the course of one of the worst credit freezes we've ever had. As liquidity returns to the marketplace, or more of our hedge funds or private equity funds come to the table, it's likely not going to be an issue at all," when discussing the ruling in Philadelphia Newspapers and circumvention of qualified credit bidding.
  Much Ado About Nothing?, BCD News & Comment
  November 1, 2010

• Partner Adam Blakemore commented about the permanent details of the banking levy proposals noting that "HM Treasury's decision to deviate from the IMF's guidelines, and to avoid linking the U.K. bank levy with reparation for past and possible future bank failures, is likely to mean that the U.K. bank levy may continue to be met with some cynicism as being a substitute for general revenue raising.”
  U.K. Levy in Bank Balance Sheets Stokes Competitiveness, Double Taxation Worries, Daily Tax Report
  October 22, 2010

• Partner Louis M. Solomon stated that "when talking to clients about whether to settle, it's important that lawyers first present a realistic picture of their chance for success, and a ruthlessly honest appreciation of risk," when discussing tips for a for successful settlement.
  6 Tips for Success at the Settlement Table, Law 360
  October 11, 2010

• Senior Counsel Charles M. Adelman discussed the new tax guidelines for modifying securitized commercial mortgage loans.
  Concerns Over '80% Test' Eased, Commercial Mortgage Alert
  September 10, 2010

• Partner Angus Duncan spoke about the potential for conflicts between investors and managers.
  Pushing the Envelope, Structured Credit Investor
  September 9, 2010

• Partner Peter M. Friedman and the firm are named as counsel to Caribbean Petroleum's debtors in the case to transfer the company's chapter 11 case to a different jurisdiction.
  Caribbean Petroleum's Chapter 11 Will Stay in Delaware, Law 360
  September 8, 2010

• Partner Deryck A. Palmer commented on the recent slowdown in bankruptcy cases and that "people will probably view it as a temporary lull."
  Slowdown in Filings Fuels Competition for Bankruptcy Cases, American Lawyer
  September 8, 2010

• The firm is noted for advising the Eircom FRNs holders in possible debt negotiations.
  Eircom Junior Debt Holders Positions for Negotiations-Sources, Dow Jones
  September 6, 2010

• Partner Tony V. Pezzano and his team are noted for representing Hoffman LaRoche in a patent infringement case against Ranbaxy.
  Roche, Ranbaxy Settlement Ends Valcyte Patent Battle, Law 360
  September 3, 2010

• The firm is noted for representing Microsoft, SourceTool and myTriggers in antitrust matters.
  Texas Investigates Whether Google is Distorting Search Results, New York Times
  September 3, 2010

• Special Counsel Scott A. Cammarn speaks about the Glass-Steagall Act.
  Wall Street Bill Sweeps Away Stray Remnant of 1933 Glass-Steagall Act, The Hill
  August 6, 2010

• When speaking about likely bidders for the Rangers, Partner John Rapisardi said "[the Judge] will consider an array of factors to determine the best bidder rather than simply accepting the highest bid. . . [including] the credibility and financial stability of the bidding group as well as its ability to work with the MLB."
  MLB's Favored Buyer Likely to Win Rangers: Experts, Bankruptcy Law360
  August 3, 2010

• The firm is noted as one of the top law firms for bankruptcy work by The Vault.
  Bankruptcy Beat, Wall Street Journal
  July 28, 2010

• Partner Deryck A. Palmer discusses how municipalities might manage financial stress in uncertain times.
  Taking Stock with Pimm Fox, Bloomberg TV
  July 19, 2010

• Partner Richard Nevins when discussing extending risky loans noted that he does not "believe the appetite for pushing the problems down the road will continue indefinitely. Without a real solution, no sustained recovery is possible."
  Extending Risky Loans is No Real Fix, Cadwalader's Nevins Says, Bloomberg
  July 12, 2010

• Partner Louis M. Solomon is noted for his role as co-chairman of the Cadwalader Litigation Department.
  Cadwalader Trial Pro to Help Lead Litigation Team, Law360
  July 9, 2010

• Partner Richard M. Schetman gives his thoughts as to why the financial crisis occurred.
  Derivatives are Not to Blame, Derivatives Week
  June 22, 2010

• Partner John J. Rapisardi is recognized as among the Top 10 U.S. bankruptcy lawyers for active bankruptcy cases when calculated by volume.
  The Golden Ticket, The Deal
  June 4, 2010

• Partner Kathy Hirata Chin is tapped by the Honorable Jonathan Lippman, the Chief Judge of the State of New York, to serve as a member of the Emeritus Advisory Counsel.
  N.Y. Chief Judge Boosts Efforts to Tap Retired Lawyers for Pro Bono,, New York Law Journal
  May 26, 2010

• The firm is noted for representing the U.S. Department of Justice and the Presidential Task Force on the Auto Industry.
  Liability Claimants Lodge Appeal Over GM Sale, Law 360
  May 18, 2010

• Commenting on the banking levy proposals, partner Adam Blakemore stated "there are no details as yet regarding the scope of the levy, the timetable for implementation, the rate or the mechanics of calculating the levy or the positioning of the levy within the context of coordinated international responses to the global financial crisis."
  U.K. Coalition Accord Courting Controversy Via Planned Tax Changes for Airlines, Banks, Daily Tax Report
  May 17, 2010

• The firm is noted for representing Four Season Healthcare.
  Four Season Healthcare Scenarios, International Financial Review
  May 15, 2010

• Partner George A. Davis and the firm are noted for successfully completing the global reorganization of one of the world's largest petrochemical companies, Lyondell Basell.
  Cadwalader Completes Historic Global Reorganization, Ad hoc News
  May 13, 2010

• Partner Joseph J. Bial is noted for his work on behalf of clients challenging Google under the antitrust laws.
  Consumer Watchdog targets Google, Washington Post
  May 9, 2010

• Partner John J. Rapisardi and the firm are noted for representing Xerium Technologies in a prepackaged reorg.
  Minority Xerium Equity Holders Object to Chapter 11 Plan, Law 360
  May 7, 2010

• Partner Richard M. Schetman comments about derivatives exposures and safe harbor provisions in the new U.S. financial legislation.
  Safe Harbors Under Fire, Derivatives Week
  May 7, 2010

• Partner Joseph J. Bial is noted for participating in a news conference at the National Press Club targeting Google's conduct.
  Watchdog calls for federal inquiry into Google, Fortune
  May 6, 2010

• Partner John J. Rapisardi and Partner Jonathan S. Kanter and Special Counsel Joseph Bial are featured regarding their representation of MyTriggers and TradeComet in antitrust suits against Google.
  The Google Slayers, The American Lawyer
  May 1, 2010

• Special Counsel Douglas S. Mintz is quoted regarding a potential Tribune-creditor agreement.
  Tribune-Creditor Pact Only Delays Legal Battle, Reuters
  April 11, 2010

• The firm is noted for representing LyondellBasell in its U.S. chapter 11 case.
  Blavatnik Creation LyondellBasell May Face U.S. Probe, Business Week
  April 8, 2010

• The firm is noted for representing Doubleline Capital LLC in the first two of its funds.
  Jeff Gundlack Sets a Date, The Mutual Fund Wire
  April 5, 2010

• Partner Jonathan S. Kanter and Special Counsel Amy W. Ray are noted for representing Microsoft in an antitrust case against Intel regarding violations of Section 5 of the FTC Act.
  Lawyers Galore in FTC's Intel Case, Legal Times
  April 2, 2010

• Partner Steven D. Lofchie discusses the new prime brokerage business model, market trends and how risks have changed since the collapse of Lehman Brothers.
  Trends In Prime Brokerage, Practical Law Company
  April 1, 2010

• Partner John J. Rapisardi is noted for advising Xerium Technology in a prepackaged deal to restructure its operations.
  The Bankruptcy Files: General Growth and Four More, The American Lawyer
  April 1, 2010

• "Securitization is not dead," stated partner Michael Gambro , "we're going to gradually see a return to business."
  A New Geometry, The American Lawyer
  April 1, 2010

• Partner James K. Robinson stated "what's happened is that, increasingly, people use their business e-mail address for all purposes; in light of this fact ... companies must decide whether they want to regularly monitor their employees' emails," when discussing his client's privilege case.
  Court Protects Personal E-Mails Sent Over Company Network, Inside Counsel
  March 18, 2010

• The firm is featured for adding leading litigators: partners Louis M. Solomon, Hal S. Shaftel and Colin A. Underwood.
  Cadwalader Lures Litigation Trio From Proskauer, Law 360
  March 17, 2010

• The firm is noted as being a go-to law firm for Microsoft.
  Microsoft Deputy GC Discusses Yahoo Deal, Chinese Hackers, National Law Journal
  March 16, 2010

• The firm is noted for representing Convolve in a patent infringement and trade secret case against Compaq Computer Corporate and Seagate Technologies.
  Claims Pared in Convolve IP Suit Over Disk Drives, Law 360
  March 12, 2010

• Lyondell Chemical Corporation is granted the green light to settle with its unsecured creditors.
  Lyondell Wins Approval of $450M Deal, Law 360
  March 11, 2010

• Partner Jennifer Donohue , an insurance and reinsurance specialist, is noted for joining the firm's London office.
  Simmons Insurance Chief Joins Cadwalader, Legal Week
  March 11, 2010

• Partner Jonathan S. Kanter speaks about his client TradeComet in an antitrust case involving Google.
  Judge Throws Out Antitrust Suit, Main Justice
  March 9, 2010

• Partner Richard Nevins explained how London had come to be favored for administrations, stating "there were not a that many examples of this until 2002 when the European Insolvency regulations said a company's centre of main interests could be defined by the address of its registered office. The unforeseen consequence is that it is relatively easy to relocate your centre of main interests."
  Bordello Britain, The Mail on Sunday
  March 7, 2010

• "If you end up with 70% of the voting machines and the people rely on them, and if entry into the market is difficult or impossible, it would certainly seem to be a legitimate target for antitrust enforcement," stated partner Charles F. (Rick) Rule when discussing a merger between the country's largest voting machine companies.
  Diebold Merger Too Big To Stand, Associated Press
  March 4, 2010

• The firm is noted for representing Lyondell Chemical Company in its bankruptcy and impending exit from chapter 11.
  Lyondell, EPA Work Toward Deal in Cleanup Suit, Law 360
  March 3, 2010

• Partner Charles F. (Rick) Rule is noted for being chosen to represent MyTriggers.com.
  Microsoft Prepares an Epochal Lawsuit Against Google Over its Global Dominance, Ecommerce Journal
  March 2, 2010

• The firm is noted for representing Bay Harbour Master Ltd in a suit against the purchasers of Steve & Barry's.
  Creditors Appeal Fight With Steve & Barry's Owners, Bankruptcy Law 360
  February 26, 2010

• Partner Charles F. (Rick) Rule is noted for representing MyTriggers in an antitrust action against Google.
  Microsoft Cashes in on Goggle Woes, Financial Times
  February 25, 2010

• Partner Angus Duncan discusses CLO noteholder extensions and the risks for investors.
  Extension Differentiation CLO Extension Risk Weights on Senior Noteholders, Structured Credit Investor
  February 24, 2010

• Partner Charles F. (Rick) Rule and Partner Jonathan S. Kanter are noted for their representation of Microsoft in its search engine deal with Yahoo!
  Microsoft-Yahoo Alliance Wins DOJ, EU Clearance, The National Law Journal
  February 19, 2010

• Partner Dennis J. Block stated "the agreement is indicative of a growing trend in mergers and acquisitions transactions, in which one company will acquire another in the same space with a similar business model," when discussing the synergies of deal making.
  Wal-Mart Slips On U.S. Dip, Forbes
  February 19, 2010

• The firm is noted for representing UBS in a suit regarding losses incurred in connection with a failed proposed CDO.
  Highland Dropped From UBS Suit Over $745M CDO Loss, Law 360
  February 19, 2010

• The firm is noted for representing Lyondell Chemical Company in its Chapter 11 bankruptcy filing.
  Lyondell Eyes Swift Ch. 11 Exit After Creditor Deal, Bankruptcy Law 360
  February 16, 2010

• During a panel discussion on e-discovery and government regulation, special counsel Joshua Weiss stated that the "discovery process is essentially a one-way street when government regulators are involved."
  Don't test my patience! FTC warns companies to cooperate, Law.com
  February 3, 2010

• Partner Steve M. Herman said, "by 2013 experts at Harvard [anticipate] . . about $1.4 trillion of real estate debt that's going to mature" when discussing the state of the real estate markets.
  Manhattan's Massive Apartment Complex Back to Creditors, Epoch Times
  January 29, 2010

• Partner Debra Brown Steinberg is noted for representing M.I.T. and Convolve in a complex decade-long patent-infringement case.
  Ex-Employee Says Seagate Violated Law, The New York Times
  January 29, 2010

• Peak European restructuring volume lies ahead, not behind us, stated partner Richard Nevins
  Distressed Debt to Face Restructuring Wave, Financial News
  January 26, 2010

• "ISDA's efforts to standardize CDS contracts show the challenge ahead for other assets classes," stated partner Richard Schetman in discussing the new proposed rules for OTC derivatives.
  Dealers to Define Clearable Trades for Regulators, Derivatives Week
  January 26, 2010

• The firm is noted for representing an Assistant U.S. Attorney in a landmark case where the DC District Court ruled that the AUSA had a reasonable expectation that messages sent to his private lawyer from work were covered by the attorney-client privilege because he was allow to use work email for personal matters.
  Protecting Privilege How Safe's Are Your E-Mails, Lawyers Weekly
  January 25, 2010

• The firm is noted for promoting four attorneys to partnership, Jodi Avergun, Bret Campbell, Peter Friedman and Brian McGovern.
  Cadwalader Promotes Attorney to Partnership, BCD News & Comment
  January 19, 2010

• Partner Christopher A. Hughes is recognized for joining the editorial board of IP Law360.
  IP Editorial Advisory Board, IP Law 360
  January 13, 2010

• Partner Christopher M. McDermott and Special Counsel Alexander Lin are noted for representing DIP agent, Cantor Fitzgerald, in a reorganization plan for TLC Vision.
  Unsecured to Recover 10% Under TLC Plan, Unsecured to Recover 10% Under TLC Plan
  January 8, 2010

• Partner Deryck A. Palmer and Partner Andrew M. Troop share their knowledge about the bankruptcy landscape for 2010 and predict an increase in section 363 sales.
  Bankruptcy Lawyers' Wish List for 2010, Bankruptcy Law 360
  January 1, 2010

• Partner Peter B. Clark stated “every case is different, “you might have thought a particular government would not cooperate, and they turn out to be extremely helpful and occasionally governments that you expected to be cooperative turn out to be less so," when discussing an FCPA Panamanian bribery case.
  Second Indictment in Panama Bribery Case, Main Justice
  December 17, 2009

• Partner Adam Blakemore addressing potential problems that the one-time bankers' bonus tax may have on finance-related actives noted that "the potential difficulties with the scope of the proposals stem from a reference in the draft legislation to the taxpayer company not as a bank but as a "taxable company."
  Tax Attorneys Warn of Unintended Results From U.K. One-Time Bankers' Bonus Tax, Daily Tax Report
  December 15, 2009

• Partner John Rapisardi and Special Counsel Scott J. Greenberg are noted for representing Ice Edge Holdings LLC in a deal to purchase the National Hockey League's Phoenix Coyotes.
  Ice Edge May Skate Off With Coyotes After All, The Deal
  December 14, 2009

• Partners Gregory Markel and Martin Seidel are recognized for representation of Deutsche Bank Securities in a short sale antitrust litigation case.
  When Antitrust and Securities Laws Collide: Well, The Securities Laws Win, Financial Fraud Law Report
  December 4, 2009

• Partners Mark Ellenberg, Bruce Hiler and Rick Rule were named among top lawyers in the DC area.
  Washington's Top Lawyers,, Washingtonian
  December 1, 2009

• The firm is noted for representing Fair Isaac in a trademark infringement case.
  Remaining Trademark Claims Chucked in FICO Suit, Law 360
  December 1, 2009

• With a change in the CMBS markets allowing more flexibility, partner Patrick Quinn noted "[i]t does not modify contractual CMBS limitations on workouts, so a special servicer must still determine if the modification is in line with servicing standards and if it is good for senior and junior bondholders."
  Slow Thaw for CMBS, Mortgage Banking Magazine
  November 27, 2009

• Partner Peter B. Clark comments about the U.S. Department of Justice's plan to increase staffing in the anti-fraud section, noting that "staff levels in the section have risen and fallen over the years . . . during the savings-and-loans crisis of the 1980s, the section ramped to more than 100 attorneys from roughly 30."
  DOJ to Strengthen Anti-Fraud Unit, Compliance Reporter
  November 16, 2009

• The firm is noted for representing Ice Edge Holdings, a group of American and Canadian investors, in the possible purchase of the Phoenix Coyotes franchise.
  Power Play, Am Law Daily
  November 15, 2009

• The firm is noted for hiring Susan E.D. Neuberg in the finance group.
  Cadwalader Hires for Real Estate Workout Practice, Structured Finance News
  November 11, 2009

• Financial Restructuring partners Deryck Palmer, George Davis, Andrew Troop and Mark Ellenberg are noted for representing Lyondell Chemical Company in their mediation talks regarding a suit against the banks.
  Lyondell Gets Mediator, The Deal
  November 11, 2009

• The firm is noted for representing the Special Committee of the Boards of Directors of Landry's Restaurants, Inc. in a buyout deal.
  Landry's The New Frankenstein?, New York Times
  November 6, 2009

• Associate Alicia M. Clifford is recognized as a recipient of the Sanctuary for Families Award for Excellence in Pro Bono Advocacy for her dedication and commitment to domestic violence victims.
  Cadwalader Attorney Honored by Sanctuary for Families for Outstanding Pro Bono Work, Yahoo!
  November 5, 2009

• Special Counsel Zachary H. Smith is noted for representing Merrill Lynch in the Fred Leighton asset sale.
  Fred Leighton Sells Assets, Seeks Plan Confirmation, The Daily Deal
  November 4, 2009

• Ronit Setton, Ryan Andreoli, Gillian Goarke, and Daniel Melman were all honored recipients of the 2009 Pro Bono Publico Awards by The Legal Aid Society.
  Cadwalader Lawyers Recognized by The Legal Aid Society, Reuters
  October 27, 2009

• Despite the volatility of the nation's economy, partner Raymond Banoun stated "if anything, the downturn has helped the Washington office...we're busy..."
  For New York Players, No Boom in D.C., The National Law Law Journal
  October 26, 2009

• When speaking about the securitization industry streamlining modifications for troubled loans, partner Charles M. Adelman said the provision could "hamper modifications that are both mandatory and advisable."
  Rule 'Easing' Modifications Could Backfire, Commercial Mortgage Alert
  October 23, 2009

• Partner Deryck A. Palmer commented on stalking horse bidders saying that "[n]ot every company is for sale, so obviously one has to figure out which companies are going to be put up for auction."
  How To Pull Off A Deal As A Stalking Horse Bidder, Law360
  October 16, 2009

• In an attempt to obtain jurisdiction in the U.S. Bankruptcy Court for the Southern District of New York, as opposed to Texas, partner Mark Ellenberg stated, "I do believe this court would resolve this case in less than the 18 to 24 months it would take Texas courts to resolve the matter."
  Court Delays Ruling On Valuing Lyondell, Dow Jones
  October 16, 2009

• Partner Peter B. Clark comments on the number of attorneys the DOJ had during the savings-and-loan crisis of the 1980s and how they plan to beef up the anti-fraud section of the criminal division.
  Azerbaijan Bribes Put One Mogul on Trial, Another in Exile, The American Lawyer
  October 9, 2009

• When asked about the accomplishment of which he is most proud, partner John Rapisardi replied "Having been engaged by the United States Treasury to represent the Presidential Task Force on the Auto Industry in preparing for the Chrysler and General Motors Chapter 11 cases and having those companies be put in a position to emerge from Chapter 11 as new operating entities within a short period of time."
  Q&A With Cadwalader's John Rapisardi, Law360
  October 2, 2009

• Once a small segment of merger and acquisition activity in the US, today, "distressed restructuring is where the action is," according to partner Ron Hopkinson.
  Chinese Companies Invest Outside Their Comfort Zone, China Law & Practice
  October 1, 2009

• Partner Richard M. Schetman in a conversation regarding derivatives stated, "Valuations can be a problem when a derivative is complicated and bespoke or relates to an asset that's complicated and that you can't get ready quotations for."
  Derivatives Markets Tackle Trade Dispute Procedures, HedgeWorld
  September 29, 2009

• Facing significant uncertainty in the TALF's CMBS program being put together before December 3, Pat Quinn said, "People thought it might not be worth the expense and effort to get a team to start lending again when there only might be three months of shelf life."
  TALF's Extension Delivers Hope, Disappointments, Law360
  September 28, 2009

• In a swap dispute involving Lehman Brothers and Metavante Technologies Corporation, Richard Schetman stated, "The court is saying that while you don't have to designate an early termination you then have to perform, and if you do elect to terminate under the safe harbor you have to do so within a reasonable amount of time after the bankruptcy occurs."
  NY Court Nixes Option to Cease Payments in Swap Dispute, Forbes
  September 23, 2009

• Discussing the increase in Section 363 sale cases, John Rapisardi stated, "In the current economic climate, distressed takeovers, where creditors convert their prior debt positions into equity in a restructured or reorganised entity, are occurring at nearly double the pace of 2008. Additionally, it appears that the deals are significantly larger in size than in recent years."
  Section 363 Sales In The US, Financier Worldwide
  September 22, 2009

• Senior Counsel Charles M. Adelman speaking about mortgage-backed securities commented that, "The final regulations offer considerable flexibility on modifications of collateral, reserves, and recourse provisions on performing mortgage loans."
  Final Regs Update Rules for Mortgage-Backed Securities, Tax Notes
  September 21, 2009

• In recognition of Cadwalader's human rights achievements, Chairman Chris White said, "We are very proud of our consistently high ratings from The Human Rights Campaign."
  Cadwalader Receives High Score in Human Rights, Reuters
  September 15, 2009

• When asked the advice he would give to a young lawyer interested in litigation, Gregory Markel said, "Try to argue anything and everything you can in court. Motions, hearings, appeals, trials. Get on your feet!!"
  Q&A With Cadwalader's Greg Markel, Law 360
  September 14, 2009

• In response to Chrysler's rapid emergence from bankruptcy, partner John J. Rapisardi stated, "We were very aggressive about the timing," which was motivated by Chrysler running out of cash. Partner Ronald Hopkinson added "to the tune of $100 million a day."
  Drive-Through Bankruptcy, The American Lawyer
  September 1, 2009

• Cadwalader is noted for promoting five attorneys to the position of Special Counsel.
  Cadwalader Names Five Special Counsel, Reuters
  September 1, 2009

• In response to the economic turn of complex deals, partner Anna H. Glick said, "We're on the flip side now. What went up is now coming down."
  Good News: Real Estate Lending is a Slow-Motion Disaster, The American Lawyer
  September 1, 2009

• Cadwalader is noted as a finalist in multiple areas for the First Annual Global M&A Awards.
  The M&A Advisor Announces Finalists for First Annual Global M&A Awards, Market Watch
  August 25, 2009

• In discussing the Microsoft-Yahoo deal, partner Jonathan Kanter stated "When you have a market like this with one dominant player, advertisers and others are starving for more competition. If both companies separately don't have the scare to effectively compete against Google, combined they will create a more credible alternative-and one that will attract more advertisers. At the end of the day, what matters is the effect on competition."
  Antitrust Attorney Microsoft-Yahoo Deal Won't Pass Regulatory Muster, San Francisco Chronicle
  August 24, 2009

• In conjunction with talks with experts from Harvard University, partner Steven M. Herman stated, "In each of the next four years there is over $300 billion of real estate debt that's going to come due."
  Commercial Real Estate Distress Imminent, Experts Say, Epoch Times
  August 14, 2009

• Microsoft originally structured the Internet Explorer default browser installation to make "a better consumer experience than adding on additional windows," stated partner Rick Rule.
  Microsoft Still On Track To End Government Antitrust Oversight, CNNMoney.com
  August 13, 2009

• Partner Angus Duncan stated "There will be significant changes to the way banks manage themselves and the way in which they disclose their holdings and other exposures. I believe the new rules may have a significant effect on the way banks run themselves," when discussing Basel II securitization.
  Ongoing Basel II Securitization Discussions Could Prompt Another Wave of Capital Infusion, Deal Reporter
  August 11, 2009

• "Without the ability to extend the debt, we'd have seen a lot more Chapter 11 filings. These companies will still need to deliver, they've just pushed out the time line," said partner Deryck Palmer conveying that we could see another wave of restructurings in a few years.
  Extra Credit: Night Of The Living Debt, Dow Jones Newswires
  August 7, 2009

• In speaking about corporate governance issues in residential mortgage securitizations, partner Jordan M. Schwartz stated, "There needs to be some way for investors to get factual information, whether or not there were problems with the reps and warranties. There were no mechanisms for that."
  ASF Issues RFC on RMBS Reps and Warranties, Asset Securitization Report
  August 3, 2009

• In connection with a recent ruling discussing the interpretation Section 5 of the 1933 Securities Act, partner Ray Shirazi stated, "This adds to the general state of confusion on how to identify indirect distributions under Section 5."
  Pro-SEC Ruling Raises Restricted Stock Hedging Fears, Derivatives Week
  August 3, 2009

• Associates Sandra Bjegovic and Tom Guerin are noted for their volunteer work in representing a refugee from the Democratic Republic of Congo who was granted asylum in June.
  Volunteer Attorney Recognition, Human Rights First
  August 1, 2009

• Partners Peter Clark and Michael Horowitz are noted for being chosen by Ethisphere Institute as two of the 2009 Attorneys Who Matter, among the best and brightest in corporate compliance.
  Ethisphere Institute Taps Two Cadwalader Partners as Top Compliance Attorneys, Yahoo! Biz
  July 31, 2009

• In response to the government's involvement with corporate restructurings, Partner John J. Rapisardi stated, "The fact that it's the government doesn't really change the nature of the workouts. The objectants in Chrysler tried to make a bid deal of that, but at the end of the day the courts hold the government to the same standard that it holds any other lender."
  Extra Credit: Treating the Government as a Corporate Creditor, Dow Jones
  July 28, 2009

• Upon being hired by the U.S. Treasury Department regarding the G.M. Chapter 11 proceedings, Partner John J. Rapisardi recalled, "We were given to consider a hypothetical: how could you get a car company through bankruptcy in the shortest amount of time?"
  Will G.M.'s Story Have a Hero?, New York Times
  July 26, 2009

• Individual MBS investors who hold shares in securities through brokerage accounts maybe be willing to approves sales, however, Partner Gary Silverstein said, "there could be some investors who will withhold their consent to renegotiate a better deal or just out of spite perhaps."
  Financial Crisis: Silver Bullets for Toxic Mortgages, Benchmark Real Estate Information
  July 26, 2009

• Commenting on the rapid pace of the auto restructurings, Partner John J. Rapisardi stated, "Everyday there was a pick-up in intensity. The nights before Chrysler's filing, teams of advisors were huddled in Cadwalader's old Washington offices, not having slept for three to four days."
  2 Lawyers on G.M. Case Speak, New York Times
  July 25, 2009

• Worried about the outcome of the Chrysler bankruptcy, Partner John J. Rapisardi stated, "We knew full well that if something went wrong with the appellate court in Chrysler, it would not bode well for G.M."
  2 Lawyers on G.M. Case Speak, New York Times
  July 25, 2009

• Partner Jodi L. Avergun commenting on the matter of a fugitive who allegedly amassed a fortune importing and selling ingredients to drug producers in Mexico, stated that " [t]he government was right not to push to trial with a shaky case."
  A Losing Hand, National Law Journal
  July 24, 2009

• Speaking about Cadwalader's recent move to new offices in Washington, D.C. Managing Partner Ray Banoun stated that the firm "retained a team of leading consultants to assist with all aspects of the build out, resulting in workspace that is attractive, efficient, and functional. Now more than 80 lawyers and 100 additional personnel are even better positioned to build on Cadwalader's already strong foundation spanning over four decades in the nation's capital."
  Cadwalader Moves to 700 Sixth in D.C.'s Penn Quarter, Ecology, Environment & Conservation
  July 24, 2009

• As the bankruptcy financing loan for Lyondell is set to expire in December, Partner Deryck Palmer states that "Lyondell was not seeking an extension of the loan, which ranks among the largest DIP loans in history, because it had been told such an extension would be very expensive and also require 100 percent agreement among the company's 700 DIP lenders."
  Judge Says Lyondell Creditors Can Sue Banks, Execs, Forbes
  July 21, 2009

• Cadwalader is described as seeking new space in London given that there are many possibilities to obtain space that is more efficient and more economical, given falling rents on commercial properties in major markets.
  Downturn Drives Firms To Seek Rent Savings: Experts, Law360
  July 20, 2009

• While speaking about the best ways to attack out-of-control executive compensation, Partner David Miller "wanted to ensure that executives were taxed on their entire economic income."
  News Analysis Big Paydays are Back!, Tax Notes Today
  July 13, 2009

• Partner John J. Rapisardi won the Turnaround Atlas Award for Restructuring Legal Advisor of the Year, while the firm obtained Out-of Court Restructuring of the Year for work on the Centro Properties Group restructuring.
  The Daily Deal,
  July 8, 2009

• Partner Louis M. Solomon is quoted regarding the latest ruling in the You Tube class action copyright infringement lawsuit involving England's Football Association Premier League Ltd. and Google Inc.
  Judge Limits Foreign Damages in YouTube Copyright Case,, AmLaw Daily
  July 8, 2009

• Partner Louis M. Solomon is quoted regarding the latest ruling in the You Tube class action copyright infringement lawsuit involving England's Football Association Premier League Ltd. and Google Inc.
  Google, YouTube Win Dismissal of Some Damage Claims, Reuters
  July 7, 2009

• Partner Louis M. Solomon is quoted regarding the latest ruling in the You Tube class action copyright infringement lawsuit involving England's Football Association Premier League Ltd. and Google Inc.
  Google Wins Dismissal of Some Claims in Soccer Suit, Bloomberg Newswires
  July 7, 2009

• Several Cadwalader attorneys, including Malcolm Wattman, James Frazier, Matthew Feig, James Langston, Adam Blakemore, Oliver Iliffe, David Miller, and Shlomo Boehm, are recognized for their contribution to The Handbook of Insurance-Linked Securities.
  Cadwalader Attorneys Contribute to New Book on Insurance-Linked Securities, PR-Inside.com
  July 6, 2009

• The firm is noted for hiring Edmond Curtin as Special Counsel in the Capital Markets Department of the London office.
  Cadwalader Makes . . New City Hire . ., Legal Week
  July 2, 2009

• Partner Michael Horowitz is described as having "outstanding instincts with a deep understanding of substantive law and how to do battle with the government."
  Q&A With Sonnenschein's Joshua Berman, Law 360
  June 30, 2009

• Partners Deryck Palmer and Mark Ellenberg are recognized as debtor counsel in the LyondellBasell chapter 11 filings.
  Lyondell Chemical Creditors Weigh Suit, TheDeal.com
  June 19, 2009

• Cadwalader is noted as legal counsel for the Committee of Concerned Shareholders of the Children's Place.
  The Committee of Concerned Shareholders of the Children's Place, msnMoney.com
  June 18, 2009

• Cadwalader is noted for serving as special counsel to Six Flag's board of directors.
  The Bankruptcy Files: Riding the Six Flags Roller Coaster, The American Lawyer
  June 15, 2009

• Cadwalader is recognized as a supporter of Jazz at Lincoln Center.
  Jazz at Lincoln Center Benefit With Dave Douglas & Brass Ecstasy, All About Jazz
  June 14, 2009

• Partner John J. Rapisardi , along with R. Ronald Hopkinson, Charles "Rick" Rule, Linda Swartz, Julian Chung, Christopher McDermott, Melissa Hinkle, Bartholomew Verdirame, Peter Gyr, Mark Holdsworth, James Langston, Jonathan Michael Karas, Douglas Mintz, Karen Walny, and Ngoc Pham Hulbig are all noted for representing the U.S. Treasury Automobile Task Force in the Chrysler sale to Fiat.
  Chrysler Sale Finalized, Issues Remain, The American Lawyer
  June 10, 2009

• Partner Geoffrey W. Levin commenting on the deal landscape, noted that,"[u]ntil there is a thaw in the credit markets, you will continue to see challenges. But for the right asset with the right seller and the right buyer, things can come together."
  The Work, The American Lawyer
  June 2009

• Partners Ronald Hopkinson, John Rapisardi, and Louis Bevilacqua are noted for representing the Treasury Department in the GM Bankruptcy.
  The GM Bankruptcy, The First Day Legal Edition, Wall Street Journal
  June 2, 2009

• Senior Counsel Malcolm P. Wattman stated that, "catastrophe bonds, used to securitize risks from hurricanes and other natural disasters, would be much harder to issue under the Hedge Fund Transparency Act. . . [which] will have unintended consequences limiting the ability to issue catastrophe bonds, which serve to bring needed capital to provide reinsurance coverage for hurricanes, earthquakes, and other natural disasters."
  Catastrophe Bond Issuers See Trouble, Markets Media Magazine
  May 21, 2009

• In response to questions surrounding the bankruptcy of General Growth Properties, partner Mark Ellenberg cautioned "I think we need to see how it plays out. Things that might happen, I don't think are necessarily going to happen and in some cases I don't even think they are likely to happen. At the end of the day they may end up reinforcing the basic concept of structured finance, not undermining it."
  Bond Yields, Reports Pain Mixed Pictures for Loan Rates, National Mortgage News
  May 18, 2009

• Discussing alternative investment options for 401(k) plan participants and how 401(k) plan sponsors can satisfy non-discrimination rules while at the same time complying with hedge fund qualification requirements, partner Bronislaw Grala noted that one method "is to offer participants a generic hedge fund investment option."
  How Can Hedge Fund Managers Prevent or Mitigate Revocations of Redemption Requests?, The Hedge Fund Law Report
  May 13, 2009

• Partner Charles F. (Rick) Rule said that "overnight, Google crippled the business by starving him of the traffic he needed," in speaking about SourceTool.com founder Dan Savage's case against search engine Google.
  Google's Washington Influence Keeps Growing, National Law Journal
  May 9, 2009

• Special Counsel Sharon J. Richardson is recognized for joining the firm's Financial Restructuring Department.
  Cadwalader Bolsters Financial Restructuring Department with Addition of New Special Counsel, EMedia Wire
  May 8, 2009

• In response to a comment regarding that "in workouts, "B" holders are looking for long-term solutions because they don't want to take their losses now," partner Michael Gambro stated "[h]owever, "A" holders could want to liquidate to get repaid quickly."
  Toys 'R' Us Investors Examine Options for Looming CMBS Maturities Amid Bleak Refinancing Prospects, Debtwire
  May 4, 2009

• In discussing expediting the Lehman case, special counsel Assia Damianova stated that "certain funds are finding it difficult to continue business, because their business relies on the quick return of these Lehman assets."
  PwC Looks to Speed Lehman Process, DW Online
  May 2, 2009

• Partner Paul W. Mourning 's advice for new lawyers facing the turbulent job market includes "[c]onsider pursuing a further degree. Getting an LLM, in tax, corporate, or international law, or tagging on an MBA certainly would be useful, maybe expensive, but time well spent."
  Paul Mourning: Practicing Law in the Not-For-Profit World, Martindale.com
  May 2009

• Cadwalader is noted for its role in the IFLR Americas Deal of the Year Award, the CIFG settlement with credit default swap counterparties and bondholders, which serves as a model for other monoline insurers.
  Americas Awards, IFLR
  May 1, 2009

• Cadwalader is recognized as the U.S. Treasury Department's lead legal adviser in the auto restructurings.
  Shearman, Cleary, Cadwalader Advising on Latest Chrysler Machinations, The American Lawyer
  May 1, 2009

• Partner Nick Shiren speaks about the European ABS market: "only when deals started going south and there was a lack of cashflow in the deal, did people start to focus on the circumstances whereby the liquidity facility provider had to provide funding."
  Structure test for ABS, International Securitisation Report
  May 1, 2009

• When discussing Regulation D offerings, Alan Parness explained "unless an offering memorandum for a deal says flat out that it's a Ponzi scheme, how do you know it's a fraud?"
  States pushing for authority over Reg D offerings,, Investment News
  April 19, 2009

• Chairman W. Christopher White stated "we will be well suited to continue building our reputation in Asia," when discussing the firm's Beijing office.
  Cadwalader Promotes Lawyer in Beijing to Partner, Reuters
  April 13, 2009

• The firm is noted for representing CVC Capital Partners in efforts to purchase Barclays's subsidiary iShares.
  CC's Barclays conflict gifts SJ Berwin second CVC mandate, The Lawyer
  April 13, 2009

• The firm is noted for leading negotiations for the largest DIP loan ever issued for Lyondell Chemical.
  Four easy steps to a DIP Loan, Wall Street Journal
  April 10, 2009

• Partner Louis M. Solomon is quoted on the increase in litigation against food companies for allegedly misrepresenting nutritional values.
  Legal Food Fights Put Manufacturers on Defensive Over Labels, Marketing, The Wall Street Journal
  April 9, 2009

• The firm is recognized for examining the legality of bond exchange for NXP.
  NXP Completes Debt Exchange, High Yield Report
  April 6, 2009

• The firm is noted for being awarded a federal contract to advise the U.S. Treasury on the auto industry restructurings.
  Contract Awards Cadwalader, Wickersham & Taft, Contract for Automobile, Bloomberg
  April 4, 2009

• Partners John J. Rapisardi and Deryck Palmer are noted for advising China on the crafting of its new bankruptcy law.
  As factories, Fail, China's Business Law Does, too, BusinessWeek
  April 2, 2009

• The firm is noted for leading the US Auto Task Force.
  US Auto Task Force Wades Into Delphi Case, CNNMoney.com
  April 1, 2009

• Partner George A. Davis is quoted discussing the increase in DIP financings as the primary vehicle in restructuring cases.
  US Cos in Chapter 11 DIP Into Liquidity Opt,, The Wall Street Journal
  March 30, 2009

• Partner Michael Horowitz "The public's thirst for swift justice has already begun to have 'far-reaching implications' for the American justice system," stated Partner Michael Horowitz when discussing securities compliance cases under the Obama administration.
  Geithner Plan, S&P Sued: Compliances Issues, Bloomberg
  March 23, 2009

• Partner Dennis J. Block is quoted regarding merger activity in the pharmaceutical sector.
  Taking Stock: Merger Mondays Still a Ways Off, But That's OK, Dow Jones
  March 18, 2009

• The firm is noted for advising senior debt holders of NXP.
  NXP Debt Swap is Extended, Electronics Weekly Online
  March 17, 2009

• The firm is recognized for representing the debtor-in-possession lenders for VeraSun Energy Corporation an auction of two facilities
  Valero Bidding for VersaSun Assets-Sources, Reuters
  March 17, 2009

• Discussing new proposed tax provisions, partner David Miller "that it is an extraordinarily controversial provision. Under existing law, offshore funds may hire U.S. fund managers to invest and trade their securities without risk of U.S. income tax. The current proposals would turn the current law regime on its head."
  Managers Concerned Over Proposed U.S. Tax Abuse Bill, International Financial Review
  March 14, 2009

• The firm is recognized for advising the U.S. Treasury on plans for GM and Chrysler.
  Obama Auto Team Hires Bankruptcy Lawyer, CNN
  March 13, 2009

• Partner Dave Roberson's new book is described as a "highly enjoyable and fast paced narrative, just crackles with fascinating anecdotes and lively and memorable characters."
  Bookview, New York Country Lawyers
  March 12, 2009

• Partner Michael Horowitz is elected to The Ethics Resource Center Board of Directors.
  ERC Board Elects Potts and Horowitz as Director, Ethics Resource Center
  March 12, 2009

• The firm is recognized for building a top-tier restructuring and insolvency department in the U.S. over the past five years.
  US Restructuring List, International Financial Law Review
  March 10, 2009

• Partner Michael Horowitz participates in a Washington Legal Foundation discussion that examines the new leadership and priorities for while collar crime enforcement at the U.S. Department of Justice.
  Washington daybook report, Reuters
  February 25, 2009

• Partner John J. Busillo offers guidance on thorny commercial mortgage defaults.
  Person of the Week, MortgageOrb.com
  February 24, 2009

• Partner Dennis J. Block discusses the venture-backed IPO market.
  Venture-backed IPOs are down the road, Wall Street Journal
  February 22, 2009

• The firm is mentioned as counsel to CIFG in the shortlisting of the matter as Restructuring Deal of the Year.
  US Awards Shortlisted, International Financial Law Review
  February 19, 2009

• Partner Jordan M. Schwartz comments about balancing foreclosure prevention and preserving investor interests.
  Homeowner stability plan offers relief to agency markets, Debtwire
  February 18, 2009

• Partner Jonathan S. Kanter comments on the TradeComent antitrust case against Google.
  Startup sues Google, The Wall Street Journal
  February 17, 2009

• Partner John J. Rapisardi is recognized for his appointment as co-chair of the firm’s Financial Restructuring Department.
  Rapisardi to Co-Chair Cadwalader practice, BCD News and Comment
  February 17, 2009

• Partner Deryck A. Palmer and Partner John J. Rapisardi are noted for advising the government regarding the restructuring efforts of the U.S. auto industry.
  Cadwalader, Other to assist in auto restructuring, Investment Dealers’ Digest
  February 10, 2009

• Partner R. Ronald Hopkinson discusses delayed exits in the private equity sector.
  Trouble Brewing, Mergers & Acquisitions Report
  February 2, 2009

• Senior Counsel Charles M. Adelman discusses the important pieces of legislation that have been implemented or are in the process of being implemented to help the recovery of the securitizations markets
  Tax lawyers focus on clarifying potential impediment to securitization, ASF Tax Program
  February 2, 2009

• Partner Gregory A. Markel and Partner Jason M. Halper are noted for representing Pfizer in a securities fraud class action case.
  AmLaw Daily, The American Lawyer
  February 2, 2009

• Discussing the mortgage markets, partner William McInerney stated that "[c]ommercial mortgage brokers are still out there and active."
  CRED faces challengers, Origination News
  February 1, 2009

• Partner Richard Nevins discussing private equity firms noted that he expected half of the top-50 buyout deals in Europe to need some form of restructuring beyond changing the terms of the covenants associated with the loan.
  Leverage Levels Will Burden Largest Private-Equity Deals, Wall Street Journal Europe
  January 31, 2009

• Partner Gregory A. Markel is noted for representing Falconbridge in a securities fraud class action suit.
  Dismissal of Securities Class Action Alleging Rule 10b-5 Violations, Securities Class Action Reporter
  January 31, 2009

• In response to European private equity firms restructuring failing portfolio companies, partner Richard Nevins said "many big leveraged buyouts of recent years will inevitably need to revisit their debt structures, around half of the biggest private equity funded acquisitions may see substantial restructurings beginning as early as this year."
  Backers To Put New Cash Into European Buyouts-poll, Reuters
  January 30, 2009

• The firm is noted for representing Pfizer in its $68 billion purchase of Wyeth, forming the world's largest pharmaceutical company.
  New Deals: Lawyers on Major Transactions, New York Law Journal
  January 29, 2009

• Discussing a downturn in private equity, partner R. Ronald Hopkinson noted, "Even if there isn't a balloon payment on debt coming due in the short term or any other immediate crisis, there is a lot of prudent planning being done."
  Trouble Brewing: Middle-Market PE Portfolio Companies Increasingly Pursue Restructuring Processes, Investment Dealers' Digest
  January 26, 2009

• The firm is noted for acting as legal counsel to CIFG Holdings in a final settlement with bondholders.
  CIFG Final Settlement, Associated Press
  January 22, 2009

• Senior Counsel John M. Zizzo is quoted speaking about the distressed real estate market.
  Hancock at Center of 'Tranche Warfare', Wall Street Journal
  January 21, 2009

• Partner Edwin David Robertson is acknowledged for authoring "Brethren and Sisters Of The Bar: A Centennial History of the New York County Lawyers' Association".
  Lawyer's Bookshelf, New York Law Journal
  January 20, 2009

• The firm is noted for elevating six attorneys to partnership.
  Movers & Shakers, Crain's New York Business
  January 20, 2009

• While attending the National Bar Association Inaugural Ball, Practice Support Manager Darrell Cooper, referring to the new presidential administration, said "everyone's excited, everyone's hopeful, and that's exactly what the country needs right now."
  National Bar Association, Heavy on the, The Blog of the Legal Times
  January 19, 2009

• Partner Steven D. Lofchie discusses the increase in buyside use of consolidated client commission arrangements.
  Buyside Steels Itself for More Unbundling, The Wall Street Letter
  January 14, 2009

• The firm is noted for an increase in associate pro bono hours.
  Idle Hands = Idle Attorneys, Oxadox
  January 10, 2009

• The firm is noted for making an effort to become a gay-friendly employer.
  Top 100 Gay-friendly Employers, Solicitors’ Journal
  January 8, 2009

• The firm is recognized for advising LyondellBasell in obtaining the largest debtor-in-possession financing package in history
  Lyondell to borrow $100M, Bloomberg
  January 7, 2009

• Partner Deryck A. Palmer and Partner Andrew M. Troop discuss possible downturns in the health care market.
  Bankruptcies, Consolidations In Stores For Health-Care Industry, Dow Jones Daily Bankruptcy Review
  January 5, 2009

• The firm is recognized for serving as debtor's counsel to LynondellBasell Industries, the world's third-largest independent chemical company.
  LyondellBasell Mulls Bankruptcy, CNN
  January 1, 2009