Pan American Energy LLC v. Plurinational State of Bolivia (ICSID Case ARB/10/8) Pan American Energy LLC retained Dr. Manuel A. Abdala and Professor Pablo T. Spiller to provide expert advice and testimony on the economic impact of several measures affecting its investments in Empresa Petrolera Chaco S.A. in Bolivia. These … Continued
In this case, nine foreign ocean carriers challenged a user fee provision that was instituted by the Port Authority of New York and New Jersey in 2011 to recoup the costs of an on dock rail system and various other expenditures. Compass Lexecon was retained by Richard Rothman and Peter … Continued
This matter involved a stockholder class and derivative action against certain current and former members of the Board of Directors (the “Board”) of Activision Blizzard, Inc. (“Activision” or the “Company”) , Activision’s former majority stockholder Vivendi S.A. (“Vivendi”), and certain investment vehicles, ASAC II LP (“ASAC”) and ASAC II LLC … Continued
In April and May 2014, Valeant made various proposals to acquire Allergan and in June 2014 Valeant launched a tender offer. Entities related to Pershing Square and Valeant purchased approximately 10 percent of the outstanding shares of Valeant prior to the public announcement of various takeover proposals. Allergan subsequently accused … Continued
Australian Competition and Consumer Commission v. Air New Zealand Limited The Australian Competition and Consumer Commission (“ACCC”) alleged that Air New Zealand colluded with other airlines to fix surcharges and fees on the carriage of air cargo from Hong Kong and Singapore to Australia. Justice Perram of the Federal Court … Continued
Morgan Stanley and Van Kampen served as investment advisors to various closed-end municipal and taxable bond funds. In order to generate leverage, the funds issued auction rate preferred securities (ARPS). In February 2008, the downgrades of monoline bond insurers and other ripple effects of the financial crisis resulted in a … Continued
Compass Lexecon was retained by the Barbados-based Consolidated Energy Limited (CEL) to provide expert testimony in its shareholder dispute against its former partners, CLICO and CL Financial (CLF), regarding the value and control of MHTL, one of the largest worldwide methanol and UAN companies based in Trinidad and Tobago. The … Continued
On October 3, 2014, Judge Richard Seeborg of the U.S. District Court for the Northern District of California issued an order denying class certification in a matter involving alleged price fixing by manufacturers of optical disk drives (“ODDs”), which include CDs, DVDs and Blu-Ray ODDs. Two groups of plaintiffs, direct … Continued
In a total victory for defendants in the first shareholder class action brought in New Zealand, the High Court ruled in this case that the IPO prospectus for Feltex Carpets Limited did not contain any material misstatements or omissions. The representative plaintiff had accused the defendants of making numerous material … Continued
Plaintiffs in this case accused Simon Property Group of improperly awarding one million Long Term Incentive Performance (“LTIP”) units without shareholder approval. The company canceled the original award and issued an amended LTIP grant where the vesting of the LTIP units was conditional on certain performance hurdles being reached. Plaintiffs’ … Continued