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Cahill Gordon & Reindel LLP

80 PINE STREET, NEW YORK, NY 10005, USA
Tel:
Work +1 212 701 3000
Email:
Web:
www.cahill.com
London, New York, Washington DC

United States: Antitrust

Civil litigation/class actions: defense
Civil litigation/class actions: defense - ranked: tier 5

Cahill Gordon & Reindel LLP

Within the team at Cahill Gordon & Reindel LLP, 'all practitioners are specialized in antitrust and are experienced litigators'; 'their grasp on the legal and factual issues of the case is always impeccable and they are incredible at what they do'. The 'outstanding' Herbert Washer has recently led advice to Credit Suisse in several class actions filed against the major investment banks, including those arising from the investigations into alleged Libor and forex manipulation. Practice head Elai Katz and Lauren Rackow are 'both outstanding legal professionals' and 'very responsive and provide very clear, accurate and pragmatic advice'.

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Merger control
Merger control - ranked: tier 5

Cahill Gordon & Reindel LLP

Tembec appointed the antitrust team at Cahill Gordon & Reindel LLP, led by Elai Katz, to oversee its acquisition by Rayonier, a transaction which required merger clearance in several jurisdictions. In other highlights, Katz acted for Envigo in its ultimately abandoned acquisition by Avista, and counsel Lauren Rackow was part of the team which advised underwriters of high-yield debt on the financing of a number of major acquisitions; these included the landmark merger between T-Mobile and Sprint as well as Red Ventures' high-value acquisition of Bankrate. Named attorneys are based in New York.

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United States: Dispute resolution

Corporate investigations and white-collar criminal defense
Corporate investigations and white-collar criminal defense - ranked: tier 4

Cahill Gordon & Reindel LLP

Corporate investigations and white-collar criminal defense: advice to individuals - ranked: tier 4

Cahill Gordon & Reindel LLP

Cahill Gordon & Reindel LLP's team, which is led from New York by Herbert Washer, assists broad variety of corporations and individuals with government investigations and enforcement matters. In Washington DC, Bradley Bondi represented Tesla in the SEC enforcement action following on from statements its CEO, Elon Musk, made on Twitter about taking the company private. Together with Bondi, New York's Nola Heller is representing Thomas Whittle, who was indicted in the Southern District of New York on fraud charges and in parallel civil charges lodged by the SEC. In another matter, New York's Brockton Bosson assisted the American Ballet Theater with an internal investigation into misconduct by its former principal dancer. Anirudh Bansal and David Wishengrad in New York are also notable practitioners.

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General commercial disputes
General commercial disputes - ranked: tier 3

Cahill Gordon & Reindel LLP

Herbert Washer heads the litigation department at Cahill Gordon & Reindel LLP, which stands out for its strength in securities, antitrust and insurance disputes and is a 'national leader the First Amendment space'. In a recent highlight, a team led by Bradley Bondi in Washington DC prevailed on behalf of client Global Power (now Williams Industrial) at the Northern District of Texas when the court dismissed, with prejudice, a putative shareholder class action. Charles Gilman and Tammy Roy acted for UBS entities and UBS spokesman Peter Stack in a high-profile defamation action brought by a former employee; the Supreme Court of New York granted the team's motions and dismissed the complaint. Joel Kurtzberg, Penny Windle and Landis Best are key contacts. Mentioned attorneys are based in New York unless otherwise stated.

Next generation lawyers

Tammy Roy - Cahill Gordon & Reindel LLP

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Securities litigation - defense
Securities litigation - defense - ranked: tier 1

Cahill Gordon & Reindel LLP

Cahill Gordon & Reindel LLP has a strong standing among investment banks, asset managers and hedge funds, though it also represents many blue-chip corporates in  securities litigation. The firm is lead defense counsel for major investment banks including Credit Suisse and Deutsche Bank in high-profile cases. Charles Gilman and David Januszewski acted for Deutsche Bank in a securities fraud class action, in which plaintiffs allege that statements concerning the Bank’s AML procedures and control environment were materially false and misleading. Star partner Herbert Washer represented Credit Suisse in civil litigation arising from alleged manipulation of Libor, in which the firm was praised for 'pursuing some unique theories and clearing many cases with novel thinking'. 'Client service is what counts and the firm responds to clients' needs', says one source. Also recommended are David Wishengrad, up-and-coming partners Sheila Ramesh and Jason Hall, and Washington DC-based regulatory enforcement specialist Bradley Bondi. Unless otherwise stated, lawyers are based in New York.

Leading lawyers

Herbert Washer - Cahill Gordon & Reindel LLP

Next generation lawyers

Jason Hall - Cahill Gordon & Reindel LLP

Sheila Ramesh - Cahill Gordon & Reindel LLP

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United States: Finance

Capital markets: debt
Capital markets: debt offerings - advice to underwriters - ranked: tier 2

Cahill Gordon & Reindel LLP

Underwriter-side specialist¬†Cahill Gordon & Reindel LLP¬†has steadily expanded its debt capital markets capabilities. Although it is best known for its top-tier high-yield debt capability, the firm‚Äôs ‚Äėexcellent relationships with investment banks‚Äô and ‚Äėvery prominent lawyers‚Äô have developed into a broad standalone investment grade debt practice. Of particular note, the firm advised the underwriters on Comcast‚Äôs twelve-tranche public offering of¬†$27bn in new debt financing to fund its acquisition of Sky; the deal, which represented the fourth-largest bond sale to date, was led by William Hartnett. In another highlight, a team led by Timothy Howell, John Tripodoro¬†and Corey Wright¬†advised the underwriters on a $2.5bn notes offering by Charter Communications Operating LLC and Charter Communications Operating Capital. Other senior names in the New York-based group include James Clark, Jonathan Schaffzin¬†and Daniel Zubkoff.

Leading lawyers

James Clark - Cahill Gordon & Reindel LLP

Jonathan Schaffzin - Cahill Gordon & Reindel LLP

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Capital markets: equity offerings
Capital markets: equity offerings - advice to managers - ranked: tier 3

Cahill Gordon & Reindel LLP

Although the firm is perhaps more widely recognized for its market-leading high-yield debt capability, Cahill Gordon & Reindel LLP’s equity practice has consistently ranked in or around the top ten most active groups nationally for manager-side offerings by deal count over recent years. Of late, William Hartnett advised the underwriters on PlayAGS’ $164m IPO, and also advised the underwriters on two secondary offerings of PlayAGS’ common stock totaling $285.5m Other key clients include Morgan Stanley, which Jonathan Schaffzin advised on a $543.5m secondary offering of Norwegian Cruise Line shares, and Citigroup Global Markets, which Hartnett, Schaffzin and William Miller advised on Keane Investor Holdings’ $279.5m secondary offering of shares in Keane Group.

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Capital markets: high-yield debt offerings
Capital markets: high-yield debt offerings - advice to underwriters - ranked: tier 1

Cahill Gordon & Reindel LLP

‚ÄėIn a league of its own‚Äô, high-yield debt heavyweight Cahill Gordon & Reindel LLP¬†is widely acclaimed as ‚Äėthe indisputable leader in underwriter-side representations‚Äô. The New York-based group, which is admired by peers for its ‚Äėexcellent relationships with all the major banks‚Äô, ranked top in 2018 for manager-side mandates in the high-yield debt space by both deal value and deal count.¬†Among its highlights, William Hartnett¬†advised the initial purchasers on a string of offerings by Valeant Pharmaceuticals totaling $4.7bn, while Jonathan Schaffzin¬†paired up with William Miller¬†to act for the underwriters on three offerings by Equinix worth a combined ‚ā¨2.7bn. The firm is also widely recognized for its ‚Äėdominant position in the LBO market‚Äô. In a recent headline on that front, the firm advised the initial purchasers and lead arrangers on over $13bn in financings to back Blackstone Group‚Äôs acquisition of a 55% stake in Refinitiv, which was one of the largest non-investment grade leveraged buyouts completed since the financial crisis ‚ÄĒ James Clark, Daniel Zubkoff¬†and Corey Wright¬†led that transaction. Other highly regarded senior specialists are Douglas Horowitz¬†and John Tripodoro. The group also includes up-and-coming names¬†Marc Lashbrook¬†and Joshua Zelig¬†and rising star Meghan McDermott.

Leading lawyers

William Hartnett - Cahill Gordon & Reindel LLP

Next generation lawyers

Joshua Zelig - Cahill Gordon & Reindel LLP

Marc Lashbrook - Cahill Gordon & Reindel LLP

Rising stars

Meghan McDermott - Cahill Gordon & Reindel LLP

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Commercial lending
Commercial lending: advice to lenders - ranked: tier 1

Cahill Gordon & Reindel LLP

Cahill Gordon & Reindel LLP has a dominant market position in the lending space, where it is regularly listed at the top of the league tables for deal value and volume. In 2017, the firm advised on 306 deals with an aggregate value of over $379bn, $360bn of which were in the leveraged lending space. The practice is led out of New York by the highly experienced partners Jonathan Schaffzin and Daniel Zubkoff, and boasts a selection of top-notch advisers, including James Clark, William Hartnett, Jennifer Ezring, Adam Dworkin, Douglas Horowitz, and Corey Wright. Of late, the firm advised JPMorgan Chase Bank and UBS on the $2.9bn debt financing for the concurrent acquisitions and subsequent merger of Ply Gem Industries and Atrium Windows and Doors, by private equity funds, Clayton Dubilier & Rice and Golden Gate Capital. The firm also has experience advising alternative lenders such as Jefferies Finance, Antares Capital, and KKR Capital Markets, which were among the lead arrangers on a $1.9bn loan to help finance Expres Oil Change & Tire Engineers' acquisition of Mavis Tire Express Services Corp.

Leading lawyers

Douglas Horowitz - Cahill Gordon & Reindel LLP

James Clark - Cahill Gordon & Reindel LLP

Jonathan Schaffzin - Cahill Gordon & Reindel LLP

Next generation lawyers

Marc Lashbrook - Cahill Gordon & Reindel LLP

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United States: Industry focus

Insurance: advice to insurers
Insurance: advice to insurers - ranked: tier 2

Cahill Gordon & Reindel LLP

Cahill Gordon & Reindel LLP's insurance practice group largely consists of general litigators with expertise in coverage disputes (asbestos, environmental, D&O, E&O, financial and trade-related claims), as well as MGA, antitrust and securities litigation. New York-based practice lead Thorn Rosenthal represents Swiss Re against insured General Motors regarding a $100m E&O insurance layer after subprime borrowers made claims regarding securitized loans. Commercial litigator Penny Windle is another key partner in the team.

Leading individuals: Insurance: advice to insurers: coverage

Thorn Rosenthal - Cahill Gordon & Reindel LLP

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United States: M&A/corporate and commercial

M&A: middle-market (sub-$500m)
M&A: middle-market (sub-$500m) - ranked: tier 1

Cahill Gordon & Reindel LLP

Cahill Gordon & Reindel LLP is widely respected for its advice to US and international buyers, sellers, financing sources and investors on middle-market M&A and other strategic transactions; the firm also assists with M&A-related financings, including leveraged loans and high-yield debt across a variety of industries, and regularly utilizes attorneys from its antitrust, environmental, executive compensation and employee benefits, IP, real estate and tax practices. High-profile clients include 1-800-Flowers, Arch Capital Group and Trans World Entertainment. Kimberly Petillo-Décossard led advice to publicly traded Canadian company Tembec, its board and its special committee in Tembec’s sale to Rayonier Advanced Materials, a publicly traded US company. Other representative work included advising 1-800-Flowers on the sale of Fannie May Confections Brands to Ferrero International; and assisting The Empire District Electric Company with its sale to a US subsidiary of Algonquin Power & Utilities. The team has also acted for a high-profile, global asset manager in the acquisition of a majority stake in an asset management company in Brazil and it advises Ireland's ICON, a global provider of drug development solutions and services, as general outside counsel. Chair of the firm William Hartnett acts for public and private companies and commercial and investment banking firms in a broad range of domestic and cross-border M&A; and Helene Banks has extensive experience practicing in the food, beverage, entertainment, media, healthcare and insurance industries. Other highly rated partners include John Schuster, Susanna Suh, Michael Sherman and John Papachristos; Ross Sturman is a key senior associate. All named advisers are based in New York.

Leading lawyers

Kimberly Petillo-Décossard - Cahill Gordon & Reindel LLP

Rising stars

Ross Sturman - Cahill Gordon & Reindel LLP

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United States: Media, technology and telecoms

Telecoms and broadcast: regulatory
Telecoms and broadcast: regulatory - ranked: tier 3

Cahill Gordon & Reindel LLP

The team at Cahill Gordon & Reindel LLP 'has the ability to provide targeted, accurate advice quickly and efficiently on a variety of regulatory issues', according to one client. The firm is highly experienced in acting as communications regulatory counsel for creditors, underwriters and lead arrangers working in the telecoms space, and is retained by prominent financial clients including Credit Suisse, Goldman Sachs, and JP Morgan. Department head Chérie Kiser has advised groups of such clients on the financing of leading telecoms and broadcast companies, including Comcast, Charter Communications, and T-Mobile. Kiser is 'an extraordinary lawyer' and is recommended for her knowledge of 'all things related to telecoms law,' according to clients. Of counsel Angela Collins, who is notable for her work with Competitive Local Exchange Carriers and VoIP service providers, recently assisted key client Birch Communications - alongside Kiser - with regulatory matters connected to its merger with Fusion Telecommunications International and the resulting reorganization of the company. The team also represents Blackboard, a provider of communications systems to educational institutions, in connection with the FCC's recent proposals surrounding robocalls, particularly focusing on the issues surrounding reassigned numbers.

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Telecoms and broadcast: transactional
Telecoms and broadcast: transactional - ranked: tier 3

Cahill Gordon & Reindel LLP

Headed by Chérie Kiser, the Washington DC-based team at Cahill Gordon & Reindel LLP has a significant presence in telecoms transactions, and is best known for its work with financial clients operating in the space as underwriters, lead arrangers and deal managers. Kiser is advising various financing sources in connection with $38bn of debt financing provided to T-Mobile for its proposed merger with Sprint, as well as working with the initial purchasers in notes offerings by Charter Communications, Equinix, Netflix, and Iridium Communications. Birch Communications is another prominent name in the firm's client list, retaining the team in connection with its merger with Fusion Telecommunications International. As part of its work for Birch, the practice also handled Birch's internal reorganization, including the spinning-off of its consumer and single-line business services to form Lingo Communications, for which the firm continues to act. Of counsel Angela Collins is another key contact for telecoms matters and has particular experience working with competitive local exchange carriers and voice over internet protocol (VoIP) service providers. Kiser and Collins act as communications regulatory counsel for both Cable One, in connection with its pending acquisition of Clearwave Communications, and Lingo Communications, in its all-cash acquisition of Impact Telecom.

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