Newsroom Categories: Press release

  • McDermott Advised Innate Pharma on the Expansion of its Collaboration with Sanofi in the Field of Oncology

    McDermott Advised Innate Pharma on the Expansion of its Collaboration with Sanofi in the Field of Oncology

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advised Innate Pharma on the Expansion of its Collaboration with Sanofi in the Field of Oncology

    January 25, 2023

    Read time: 2 min

    McDermott Will & Emery advised Innate Pharma on the expansion of its collaboration with Sanofi. Sanofi is licensing a natural killer (NK) cell engager program targeting B7H3 from Innate’s ANKETTM (Antibody-based NK Cell Engager Therapeutics) platform. Sanofi will also have the option to add up to two additional ANKETTM targets. Upon candidate selection, Sanofi will be responsible for all development, manufacturing and commercialization.

    The McDermott team that advised Innate Pharma comprised:

    • Emmanuelle Trombe, partner, and Katya Ascher, Counsel, on Life Sciences aspects
    • Frédéric Pradelles, partner, on Competition aspects
    • Côme de Saint Vincent, Counsel, on tax aspects

    About Us
    You may also like

  • SRZ Represents Starboard in Ritchie Bros. Investment

    SRZ Represents Starboard in Ritchie Bros. Investment

    PRESS RELEASE

    SRZ Represents Starboard in Ritchie Bros. Investment

    January 27, 2023

    Read time: 2 min

    Schulte Roth & Zabel advised Starboard Value LP in their recently announced $500 million strategic investment in global asset management and disposition company Ritchie Bros. Auctioneers.

    The investment includes the purchase of $485 million in newly issuable senior preferred shares and $15 million in common shares by Starboard. In addition, Starboard CEO Jeffrey Smith will join the Board of Directors, contingent on the approval and closing of Ritchie Bros. $7.3 billion planned acquisition of IAA, Inc.

    The SRZ team included partners Ele Klein and Adriana Schwartz, special counsel Clara Zylberg, and associates Evan Berger and Sean Brownridge.

    About Us

    Ele Klein

    Partner

    New York – 919 Third Avenue

    You may also like

  • McDermott Advises Lorient Capital on Close of Continuation Fund for ShiftKey

    McDermott Advises Lorient Capital on Close of Continuation Fund for ShiftKey

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advises Lorient Capital on Close of Continuation Fund for ShiftKey

    January 20, 2023

    Read time: 3 min

    International law firm McDermott Will & Emery advised Lorient Capital, a healthcare-focused private equity firm, on the formation of a single-asset continuation fund in connection with the recapitalization of its portfolio company ShiftKey, a healthcare technology company valued in excess of $2 billion.

    The McDermott team was led by investment funds partners Ian Schwartz and Erica Moscarello, corporate partners Fred Levenson and Roy Larson, and tax partner Alex Ruiz. Associate support was provided by Alissa Cardillo, Matthew Stern, Kwabena Yeboah, Emily Jewell and Justin Robinson.

    Read Lorient Capital’s press release here.

    About Us

    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.

    Ian M. Schwartz

    Partner

    New York – One Vanderbilt Avenue

    Erica Moscarello

    Partner

    New York – One Vanderbilt Avenue

    Alejandro Ruiz

    Partner

    San Francisco

    Alissa Cardillo

    Partner

    New York – One Vanderbilt Avenue

    Matthew Stern

    Associate

    New York – One Vanderbilt Avenue

    You may also like

  • McDermott Represents CoServ Electric in Brazos Electric’s Chapter 11 Case

    McDermott Represents CoServ Electric in Brazos Electric’s Chapter 11 Case

    PRESS RELEASE

    McDermott Represents CoServ Electric in Brazos Electric’s Chapter 11 Case

    January 20, 2023

    Read time: 3 min

    International law firm McDermott Will & Emery represented CoServ Electric, the largest of the 16 member cooperatives of Brazos Electric Power Cooperative, Inc., the oldest and largest generation and transmission power cooperative in Texas.

    Brazos filed for Chapter 11 on March 1, 2021 in the aftermath of Winter Storm Uri, a catastrophic winter storm that blanketed the State of Texas during the week of February 13, 2021. Shortly thereafter, Brazos received invoices totaling over $2 billion from the Electric Reliability Council of Texas (ERCOT) in connection with electrical power Brazos purchased in the ERCOT market during Winter Storm Uri.

    After nearly two years, Brazos emerged from Chapter 11 on December 15, 2022. CoServ Electric was an active participant throughout Brazos’ Chapter 11 case and related, contentious litigation, including litigation initiated by Brazos against ERCOT, and litigation initiated by the unsecured creditors committee and Brazos against CoServ Electric. CoServ Electric’s active participation in Brazos’ Chapter 11 case helped achieve several critical goals, which will also benefit the other member cooperatives.

    The McDermott team was led by Chuck Gibbs and Maris Kandestin and included Eric Seitz, Shelby Perry, Rob Lamkin, Eli Berman, Ted Alexander, Kelly Shami and Himanshu Patel.

    About Us

    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.

    Chuck R. Gibbs

    Partner

    Dallas, Houston

    Eric Seitz

    Counsel

    Dallas

    M. Elias Berman

    Partner

    New York – One Vanderbilt Avenue

    Kelly Shami

    Partner

    Miami

    You may also like

  • McDermott Represents the City of Rock Hill, South Carolina in Chapter 11 Case of GT Real Estate Holdings, LLC

    McDermott Represents the City of Rock Hill, South Carolina in Chapter 11 Case of GT Real Estate Holdings, LLC

    PRESS RELEASE

    McDermott Represents the City of Rock Hill, South Carolina in Chapter 11 Case of GT Real Estate Holdings, LLC

    January 20, 2023

    Read time: 3 min

    International law firm McDermott Will & Emery represented the City of Rock Hill, South Carolina in the Chapter 11 case of GT Real Estate Holdings, LLC (GTRE), a subsidiary of Tepper Sports Holding, Inc.

    The Chapter 11 case centered around the failed project to develop a mixed-use, pedestrian-friendly community, which was to be anchored by a new headquarters and practice facility for the Carolina Panthers. GTRE acquired land in Rock Hill for the project but halted construction on the project halfway through its completion and shortly thereafter, filed for Chapter 11.

    Rock Hill was one of the largest creditors in GTRE’s Chapter 11 case and had a significant interest in the development and disposition of the project site and removal of the partially constructed practice facility. Following months of contentious litigation and negotiations between Rock Hill and GTRE and its affiliates, Rock Hill successfully obtained possession of, and control over, the project site. GTRE’s Chapter  11 plan went effective on December 20, 2022.

    The McDermott team was led by Chuck Gibbs and Maris Kandestin and included Eric Seitz, Shelby Perry, Grayson Williams, Sean Hennessy, Mark Meredith, Debbie Green, Chris Whalen, Brigid McCarthy, Kelly Shami and Erica Lang.

    About Us

    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.

    Chuck R. Gibbs

    Partner

    Dallas, Houston

    Eric Seitz

    Counsel

    Dallas

    Grayson Williams

    Associate

    Dallas, Houston

    Christopher J. Whalen

    Associate

    New York – One Vanderbilt Avenue

    Brigid McCarthy

    Partner

    Chicago

    Kelly Shami

    Partner

    Miami

    Erica Lang

    Associate

    Los Angeles

    You may also like

  • McDermott Represents Outokumpu Oyj in €228 Million Majority Divestment of its Long Products Business Operations to Marcegaglia Steel Group

    McDermott Represents Outokumpu Oyj in €228 Million Majority Divestment of its Long Products Business Operations to Marcegaglia Steel Group

    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.

    Read Outokumpu Oyj’s press release.

    About Us

    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.

    Jacob Hollinger

    Partner

    New York – One Vanderbilt Avenue

    Sarah G. Raaii

    Partner

    Chicago

    You may also like

  • McDermott Adds Significant Boost to Its Global White-Collar Capabilities with Senior Appointment in Paris

    PRESS RELEASE

    McDermott Adds Significant Boost to Its Global White-Collar Capabilities with Senior Appointment in Paris

    January 18, 2023

    Read time: 4 min

    International law firm McDermott Will & Emery is pleased to announce the appointment of Nicolette Kost de Sèvres as a partner based in its Paris and Washington, DC offices. Nicolette joins as co-head of the Firm’s global investigations & compliance group and will co-lead the practice alongside London-based global investigations partner Simon Airey.

    She joins from Mayer Brown, where she was the Head of Compliance and Investigations in Paris.

    “Nicolette is a top-rated practitioner with an excellent reputation in the industry, and she is an outstanding strategic thinker. As such, she will be able to provide the highest level of support to our clients’ growing compliance needs,” said Steve Scholes, head of McDermott’s Global Litigation & Dispute Resolution Practice Group.

    Having practiced in London, Paris, Sydney, Montreal and Washington, DC, Nicolette has more than two decades of experience in compliance, white-collar crime and financial regulation, including at the New York Stock Exchange (NYSE Euronext) in Paris and the Royal Bank of Scotland in London. She specializes in anti-corruption and anti-money laundering compliance both in Europe and globally, as well as in corporate investigations and regulatory investigations, risk management, and in due diligence compliance.

    Simon Airey, co-head of McDermott’s global investigations & compliance group added: “Nicolette’s extensive experience in both investigations and compliance work will give a further boost to the growth of our global practice. McDermott’s teams deal with some of the most complex, cross-border and multi-disciplinary issues in the market, so her international experience will be a great asset.”

    Nicolette represents clients in the context of audits, investigations and regulatory obligations related to regulators across Europe, Canada and the United States, including the French Anti-Corruption Authority (AFA), the Autorité des Marchés Financiers (AMF), the French Prudential Supervision and Resolution Authority (ACPR), the European Securities and Markets Authority (ESMA), the United States Department of Justice (DOJ), the United States Commodity Futures Trading Commission (CFTC), the United States Securities and Exchange Commission (SEC), the World Bank and other multilateral banks.

    She advises financial institutions and corporate clients on preventive measures and complex white-collar crime matters. Nicolette’s experience includes advising on compliance programs, ESG obligations, risk assessments, whistleblowing systems, EU financial and FinTech regulation. She also has experience in the military and defense sectors in France and in the United States.

    “I am thrilled to be joining McDermott and am truly excited about contributing to the trajectory of its global investigations and compliance practice. McDermott’s internationally oriented, interconnected platform will best support clients with strategic and innovative solutions adapted to the challenging and ever evolving global environment,” said Nicolette.

    In 2021 and 2022, Nicolette was recognized by Forbes as one of France’s Top 40 lawyers. She was also named one of the Top100 Women in Investigations by Global Investigations Review and one of Canada’s Most Powerful Women. She has also authored numerous publications on compliance, enforcement, business ethics and international financial markets.

    About Us

    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.

    Nicolette Kost De Sèvres

    Partner

    Washington, DC, Paris

    Simon Airey

    Partner

    London – 22 Bishopsgate

    Steven S. Scholes

    Partner

    Chicago

    You may also like

  • McDermott Named 2022 Law360 Practice Group of the Year for Health Care

    AWARDS & RANKINGS / PRESS RELEASE

    McDermott Named 2022 Law360 Practice Group of the Year for Health Care

    January 17, 2023

    Read time: 4 min

    International law firm McDermott Will & Emery is pleased to announce that it has once again been named a Law360 Practice Group of the Year for Health Care. This is the second consecutive year and seventh time overall that McDermott’s Healthcare team has been honored with this recognition.

    In 2022, the team worked alongside industry leaders across sectors in their most high-stakes matters, including representing CVS Health in its definitive agreement to acquire Signify Health, Inc., a leader in Health Risk Assessments, value-based care and provider enablement, and guiding Healthcare Trust of America, Inc. in its $18 billion strategic combination with Healthcare Realty Trust Incorporated. McDermott is also well-known for its work with healthcare private equity funds and associated portfolio companies, digital health companies in addition to health systems, hospitals, medical groups, physician practice management companies, payors, life sciences and medical device companies on their most significant transactions.

    “We represent those at the forefront of health industry innovation to shape the cutting-edge partnerships and business ventures that are transforming healthcare,” Jerry Sokol, Global Head of Healthcare, said. “Being named Practice Group of the Year for the second year in a row is a reflection of our uniquely qualified team and speaks to the industry-shaping work we are handling. We look forward to continuing this work in 2023.”

    Law360 publishes several award series throughout the year, including those that highlight top-performing lawyers and practice groups. The 2022 Practice Group of the Year honorees hail from 87 law firms and rose to the top of nearly 900 submissions.

    You can view Law360’s press release for the full list of Practice Group of the Year honorees.

    About Us

    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.

    Jerry J. Sokol

    Partner

    Miami

    You may also like

  • Year of Allyship at SRZ 

    Year of Allyship at SRZ 

    PRESS RELEASE

    Year of Allyship at SRZ 

    January 17, 2023

    Read time: 2 min

    2023 is the Year of Allyship at SRZ when we will look beyond the definition and awareness of the concept and examine how we can put it into practice. 

    As part of the SRZ Speaker Series and to kick off this initiative, we invited Kenji Yoshino, Chief Justice Earl Warren Professor of Constitutional Law at NYU School of Law and Director of the NYU Meltzer Center for Diversity, Inclusion and Belonging, to share his insights on allyship. 

    Read more about Professor Yoshino here. 

    About Us
    You may also like

  • McDermott supports Borgers out of insolvency

    McDermott supports Borgers out of insolvency

    PRESS RELEASE

    Blank Media template

    Read time: 2 min

    About Us
    You may also like