Content Type (RSS): In the News

  • McDermott’s $2.8bn merger: London needs to be a core part of the strategy’

    McDermott’s $2.8bn merger: London needs to be a core part of the strategy’

    COVERAGE

    McDermott’s $2.8bn merger: London needs to be a core part of the strategy’

    August 11, 2025

    Read time: 2 min

    About Us

    Ira J. Coleman

    Chairman

    Miami

    Aymen Mahmoud

    Partner

    London – 22 Bishopsgate

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  • McDermott secures jury verdict for Kaiser Aluminum

    McDermott secures jury verdict for Kaiser Aluminum

    PRESS RELEASE

    McDermott secures jury verdict for Kaiser Aluminum

    August 11, 2025

    Read time: 4 min

    A team from international law firm McDermott Will & Schulte secured a jury verdict on behalf of Kaiser Aluminum Warrick, LLC (Kaiser) in a trial against US Magnesium, LLC (US Magnesium) in the United States District Court for the Southern District of New York.

    On Friday, July 25, the jury returned a verdict for Kaiser, rejecting US Magnesium’s defenses that it was relieved of its obligation to supply Kaiser with magnesium based on purported catastrophic equipment failures and the purported inability to make repairs due to alleged COVID-related supply chain issues. As a result, as per a judgment entered by the Court on August 8, US Magnesium is required to reimburse Kaiser for the approximately $55 million in higher magnesium costs that Kaiser had to pay other magnesium suppliers because of US Magnesium’s failure to meet its supply obligations to Kaiser plus approximately $12.9 million in pre-judgment interest.

    “We are pleased with the jury’s verdict in this case, and gratified that they swiftly rejected US Magnesium’s defenses,” said Andrew Kratenstein, New York co-lead of McDermott’s Litigation Practice Group, who led the case. “We look forward to continuing to support Kaiser moving forward as it seeks to enforce the judgment that we obtained.”

    In addition to Kratenstein, McDermott’s team included partners Monica Asher and Timothy Cramton and associates Sindi Cela and Jessica Wisniewski who worked together with co-counsel Tre Fischer at Jackson Walker LLP.

    Kaiser is an indirect, wholly owned subsidiary of Kaiser Aluminum Corporation, a leading producer of aluminum products used in the food and beverage packaging industry.

    This judgment was rendered in Kaiser Aluminum Warrick, LLC v. US Magnesium LLC (No. 22-cv-03105, S.D.N.Y.).

    About Us

    Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.

    Andrew B. Kratenstein

    Partner

    New York – One Vanderbilt Avenue

    Monica S. Asher

    Partner

    New York – One Vanderbilt Avenue

    Timothy Cramton

    Partner

    New York – One Vanderbilt Avenue

    Jessica M. Wisniewski

    Associate

    New York – One Vanderbilt Avenue

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  • McDermott represents Declaration Partners in its acquisition of a majority stake in CP Group

    McDermott represents Declaration Partners in its acquisition of a majority stake in CP Group

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott represents Declaration Partners in its acquisition of a majority stake in CP Group

    August 11, 2025

    Read time: 3 min

    International law firm McDermott Will & Schulte represented Declaration Partners (Declaration), a private investment firm, in its acquisition of a majority stake in CP Group, a leading designer, manufacturer, and integrator of advanced material recovery facilities and sorting technologies.

    CP Group is a platform for growth, with both organic growth drivers and potential add-on acquisition opportunities for Declaration.

    The cross-border McDermott team was led by Tom Conaghan and Nate Wolfe, with substantial assistance from Michael Kim, and Amber Bolden.

    Anh Lee led the acquisition financing, with the assistance of Matt Celentano, Josh Stein, Sam Scaletta, Mattison Johnston, and Aileen Requejado.

    Kate Vera Coverdale and Aly Francini led on executive compensation and management incentive matters.

    Mark Bilut provided valuable assistance on environmental matters, and Patrick Ryan and Dan O’Neil led the charge on employee benefits issues. Caitlin Drott, Laurie Baddon, Kelly Holloway, and Joan-Elise Carpentier handled the labor, employment, and immigration matters. Hudson Todd provided support on tax matters.

    Jennifer Mikulina, Nickou Oskoui, and James Oehler provided invaluable support on intellectual property matters, and Stephanie Stein led the real estate workstream. Allison Scher Bernbach provided invaluable investment advisor regulatory advice.

    Additional support was provided by Tommy McGee, Emmy Clode, Max Kuttner, and Galen Spielman.

    Kate Vera Coverdale is the relationship partner for Declaration Partners.

    Read CP Group’s press release.

    About Us

    Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.

    Thomas P. Conaghan

    Partner

    Washington, DC, New York – One Vanderbilt Avenue

    Nathaniel Wolfe

    Partner

    Nashville, New York – One Vanderbilt Avenue

    Michael Kim

    Associate

    New York – One Vanderbilt Avenue

    Anh B. Lee

    Partner

    Chicago

    Matthew J. Celentano

    Partner

    New York – One Vanderbilt Avenue

    Joshua Stein

    Counsel

    Atlanta

    Sam Scaletta

    Associate

    Chicago

    Jacob M. Mattinson

    Partner

    Chicago

    Kate Vera Coverdale

    Partner

    New York – One Vanderbilt Avenue

    Aly Francini

    Partner

    Boston

    Mark A. Bilut

    Partner

    Chicago

    Caitlin P. Drott

    Associate

    Washington, DC

    Laurie A. Baddon

    Partner

    Los Angeles, Orange County

    Kelly B. Holloway

    Associate

    New York – One Vanderbilt Avenue

    Joan-Elisse Carpentier

    Partner

    New York – One Vanderbilt Avenue, San Francisco

    Hudson Todd

    Partner

    Nashville

    Nickou Oskoui

    Partner

    Dallas

    Allison Scher Bernbach

    Partner

    New York – One Vanderbilt Avenue

    Thomas W. McGee

    Associate

    Washington, DC

    Max Küttner

    Associate

    Düsseldorf

    Galen Spielman

    Associate

    Austin

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  • Big Tech remains top priority for DOJ and FTC in US antitrust litigation

    Big Tech remains top priority for DOJ and FTC in US antitrust litigation

    COVERAGE

    Big Tech remains top priority for DOJ and FTC in US antitrust litigation

    August 11, 2025

    Read time: 2 min

    The US Department of Justice (DOJ) and the Federal Trade Commission (FTC) have increased antitrust litigation against Big Tech, focusing on monopolization, merger control, and anticompetitive conduct. These cases reflect a shift toward aggressive enforcement, with agencies seeking structural remedies like divestitures and prior approval requirements for future mergers. The outcomes could reshape how tech firms grow and compete.

    Companies should review current merger strategies in light of evolving enforcement trends. Consider the implications of narrow market definitions and prepare for increased scrutiny of vertical and horizontal agreements.

    This article was first published on Global Competition Review in August 2025; for further in-depth analysis, please visit the GCR – Americas Antitrust Review 2026.

    About Us

    Michelle Lowery

    Partner

    Los Angeles, Chicago

    Chelsea Mounayer

    Counsel

    Chicago

    Zachary Sproull

    Partner

    New York – One Vanderbilt Avenue

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  • Digital Financial Services BAG, Judgment of April 16, 2025 – 10 AZR 80/24, Commission Claim in Cryptocurrency

    Digital Financial Services BAG, Judgment of April 16, 2025 – 10 AZR 80/24, Commission Claim in Cryptocurrency

    COVERAGE

    Digital Financial Services BAG, Judgment of April 16, 2025 – 10 AZR 80/24, Commission Claim in Cryptocurrency

    August 2025

    Read time: 2 min

    Dr. Thomas Gennert and Athanasia Eleftheriadou published the article “Digital Financial Services BAG, Judgment of April 16, 2025 – 10 AZR 80/24, Commission Claim in Cryptocurrency” in the latest issue of Recht Digital.

    About Us

    Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.

    Dr. Thomas Gennert

    Partner

    Düsseldorf

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  • Custodia has a patent for bank stablecoins: Can it box out big banks?

    Custodia has a patent for bank stablecoins: Can it box out big banks?

    COVERAGE

    Custodia has a patent for bank stablecoins: Can it box out big banks?

    August 8, 2025

    Read time: 2 min

    About Us

    Ahsan A. Shaikh

    Partner

    Silicon Valley, Chicago

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  • Germany’s 1Q Health Group Acquires Beauty Production, Expanding European CDMO Platform

    Germany’s 1Q Health Group Acquires Beauty Production, Expanding European CDMO Platform

    COVERAGE

    Germany’s 1Q Health Group Acquires Beauty Production, Expanding European CDMO Platform

    August 8, 2025

    Read time: 2 min

    Munich-based private equity partner Holger Ebersberger was featured in Healthcare Business International regarding 1Q Health Group’s acquisition of Beauty Production.

    About Us
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  • McDermott adds Mintz litigator as first post-merger hire

    McDermott adds Mintz litigator as first post-merger hire

    COVERAGE

    McDermott adds Mintz litigator as first post-merger hire

    August 6, 2025

    Read time: 2 min

    About Us

    Daniel T. Pascucci

    Partner

    San Diego

    Joshua B. Simon

    Partner

    New York – One Vanderbilt Avenue

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  • McDermott represents Vouch Inc. in the sale of its specialist Insurtech business to the Hiscox Group

    McDermott represents Vouch Inc. in the sale of its specialist Insurtech business to the Hiscox Group

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott represents Vouch Inc. in the sale of its specialist Insurtech business to the Hiscox Group

    August 6, 2025

    Read time: 3 min

    International law firm McDermott Will & Schulte represented Vouch Inc. (Vouch), in the sale of its specialist insurtech business to Hiscox Group, the Bermuda based and London Stock Exchange listed (LSE:HSX) global specialist insurer. In the transaction, Hiscox is set to acquire Corix Insurance Services, LLC, Vouch’s technology-enabled MGA and Vouch Insurance Company, an Illinois-domiciled stock insurance company. The transaction is subject to customary closing conditions and regulatory approvals.

    Hiscox is accelerating its growth through this strategic acquisition that enhances its broker platform with cutting-edge technology. As part of the deal, Vouch will remain independent and will focus on risk management for tech-forward industries, while partnering with Hiscox in a multi-year distribution agreement.

    The McDermott team was led by Michael Halsband with invaluable assistance from Chris Stacker and Katie Yonover, and included Mike Byrne, John Lutz, Andrew Granek, Wondha Cadet, Nickou Oskoui, Heidi Steele, Jeffrey Holdvogt, Scott Kenkel, Brian Mead, David Saunders, Sarah Bro, Brad Cohen, Alivia DuQuet, Yuxin Jin, Alexa Sakni, and Alexis Biegen.

    Read Vouch’s press release.

    About Us

    Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.

    Michael R. Halsband

    Partner

    New York – One Vanderbilt Avenue

    Christopher Stacker

    Partner

    Chicago

    Katie Yonover

    Partner

    Chicago

    H. Michael Byrne

    Partner

    New York – One Vanderbilt Avenue

    John T. Lutz

    Partner

    New York – One Vanderbilt Avenue

    Andrew M. Granek

    Partner

    New York – One Vanderbilt Avenue

    Wondha Cadet

    Associate

    Chicago

    Nickou Oskoui

    Partner

    Dallas

    Heidi J. Steele

    Partner

    Chicago

    Jeffrey M. Holdvogt

    Partner

    Chicago

    Brian Mead

    Partner

    Chicago

    David P. Saunders

    Partner

    Chicago

    Sarah Bro

    Partner

    Orange County, Los Angeles

    Bradley A. Cohen

    Counsel

    New York – One Vanderbilt Avenue

    Alivia Combe-DuQuet

    Associate

    Chicago

    Yuxin Jin

    Associate

    New York – One Vanderbilt Avenue

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  • McDermott adds cross-border asset recovery partner in San Diego

    McDermott adds cross-border asset recovery partner in San Diego

    PRESS RELEASE

    McDermott adds cross-border asset recovery partner in San Diego

    August 6, 2025

    Read time: 3 min

    McDermott Will & Schulte is pleased to announce Daniel (Dan) Pascucci has joined the firm as a partner in the Litigation Practice Group, based in San Diego. Dan joins from Mintz, where he served as Co-Chair of the Cross-Border Asset Recovery practice and brings experience in complex cross-border asset recovery, fraud investigations, and high-stakes litigation.

    Dan represents clients in international judgment enforcement, fraud recovery, and asset tracing matters, often involving litigation funders and multinational stakeholders. He performs asset recovery from prominent US and international tax shelters in the world’s most complex multinational fraud schemes. Additionally, Dan is well versed in alternative dispute resolution strategies, having successfully handled dozens of high-stakes arbitrations under both domestic and international rules.

    “Dan is a standout litigator whose cross-border enforcement and fraud recovery experience will be a tremendous benefit to our clients,” said Josh Simon, Global Head of McDermott’s Litigation Practice Group. “His practice aligns seamlessly with our strengths in bankruptcy, cryptocurrency, and international arbitration, as well as global privacy and tax matters. Dan is joining at an ideal time, as we’ve just combined with Schulte Roth & Zabel and are continuing to build a world-class litigation platform.”

    In addition to asset and fraud recovery, Dan supports clients across a range of industries in false advertising, unfair competition, RICO, and fraud disputes. He frequently performs investment diligence and asset recovery for litigation investment funds.

    “McDermott’s global reach, collaborative culture, and commitment to innovation make it the ideal place to grow my practice,” Dan said. “I’m eager to deliver first-rate client service on the new McDermott Will & Schulte platform.”

    About Us

    Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.

    Daniel T. Pascucci

    Partner

    San Diego

    Joshua B. Simon

    Partner

    New York – One Vanderbilt Avenue

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