DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents Outokumpu Oyj in €228 Million Majority Divestment of its Long Products Business Operations to Marcegaglia Steel Group
January 19, 2023
Read time: 3 min
International law firm McDermott Will & Emery represented Outokumpu Oyj, a global stainless steel manufacturer headquartered in Finland, in the divestment of a majority of its Long Products business operations to Marcegaglia Steel Group, a leading industrial group worldwide in the steel processing sector, for €228 million. McDermott was the US local counsel in this transaction.
The transaction includes Long Products’ melting, rod and bar operations in Sheffield, UK (Outokumpu Long Products Limited); wire rod mill in Fagersta, Sweden (Fagersta Stainless AB); and bar operations in Richburg, US (Outokumpu Stainless Bar, LLC).
The McDermott team was led by Anne Cox-Johnson and Sheldon Hughes and included Jacob Hollinger, Lesli Esposito, Matt Evola and Sarah Raaii.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
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Wake Up Call: Davis Wright’s New Office Targets Streaming Clients
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Wake Up Call: Davis Wright’s New Office Targets Streaming Clients
January 19, 2023
Read time: 2 min
The Firm hires Nicolette Kost de Sèvres as a partner in its Paris and Washington offices and co-head of the firm’s global investigations & compliance group, with London-based co-head Simon Airey.
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Halliburton Says Patent Ruling Derails U.S. Well Lawsuit Over Fracking Technology
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Halliburton Says Patent Ruling Derails U.S. Well Lawsuit Over Fracking Technology
January 19, 2023
Read time: 2 min
David Genender, David Tobin and Syed Fareed represented Halliburton in the dispute.
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McDermott, Gibson Dunn Advise on Sale of Venezuelan Rum Brand to Brown-Forman
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McDermott, Gibson Dunn Advise on Sale of Venezuelan Rum Brand to Brown-Forman
January 19, 2023
Read time: 2 min
Michael Silva comments on Brown-Forman Corp.’s acquisition of the Diplomático rum brand. Along with Silva, the deal team included Gregory Weigand, Alva Mather, Jeff Steiner, Todd Finger and Robert Unger.
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Control Dispute At Bitcoin Exchange Paxful Hits Chancery
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Control Dispute At Bitcoin Exchange Paxful Hits Chancery
January 18, 2023
Read time: 2 min
Harrison Carpenter, Daniel Menken and Ryan Konstanzer are featured in Law360 for representing Paxful Holdings Inc.
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Patients Seek Class Cert. In Cigna Benefits Underpayment Suit
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Patients Seek Class Cert. In Cigna Benefits Underpayment Suit
January 18, 2023
Read time: 2 min
William Donovan, Joshua Simon, Warren Haskel, Dmitriy Tishyevich, Caroline Incledon and Chelsea Cosillos are featured in Law360 for representing Cigna Health & Life Insurance Co.
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10 Things Providers Should Know About California’s Data Exchange Framework
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10 Things Providers Should Know About California’s Data Exchange Framework
January 18, 2023
Read time: 2 min
Alya Sulaiman, Daniel Gottlieb and Reuben Bank author this article in Reuters. The article highlights 10 key facts about California’s new data exchange framework for sharing health information.
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Transatlantic Restructuring Trends: Challenges And Opportunities In 2023
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Transatlantic Restructuring Trends: Challenges And Opportunities In 2023
January 18, 2023
Read time: 2 min
In an article published in Global Restructuring Review, partners Aymen Mahmoud and Mark Fennessy in London, Felicia Perlman in Chicago and Jon Levine in New York examine how struggling companies fared in 2022 with reduced access to liquidity, and predict an increase in distressed M&A activity and out-of-court transactions as debtors look to deal with those liquidity issues in the year ahead.
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To Call or Not to Call (a Non-Monetary Default)?
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To Call or Not to Call (a Non-Monetary Default)?
January 17, 2023
Read time: 2 min
Jeffrey Steiner, David Broderick and Megan Vallerie author this article in the New York Law Journal about whether or not the exercise of remedies by a lender following a non-monetary event of default is enforceable.
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OpEd: Healthcare Dealmakers Eye Labor Squeeze, Valuation Gaps
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OpEd: Healthcare Dealmakers Eye Labor Squeeze, Valuation Gaps
January 17, 2023
Read time: 2 min
Krist Werling, Frederic Levenson and David Ivill author this article in The Deal about predictions for the year ahead and strategies for dealing with market uncertainty.
