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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: Dispute resolution

General commercial disputes
General commercial disputes - ranked: tier 2

Cahill Gordon & Reindel LLP

Standout areas for Cahill Gordon & Reindel LLP’s strong litigation practice include antitrust, securities and professional liability. The team offers ‘unmatched expertise’ for First Amendment issues; recent highlights in this space include Floyd Abrams and Joel Kurtzberg’s representation of Amarin in a case challenging the constitutionality of FDA restrictions on off-label promotions. Abrams and a team including Tammy Roy and Penny Windle are representing McGraw Hill Financial and Standard & Poor’s in suits across the US concerning securities ratings. ‘First-rate litigatorJonathan Thier and the ‘superlatively intelligent and creativeCharles Gilman and ‘amazingly responsiveThomas Kavaler are recommended.

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Securities litigation - defense
Securities litigation - defense - ranked: tier 2

Cahill Gordon & Reindel LLP

Cahill Gordon & Reindel LLP is ‘exceptional, it has an incredible understanding of many businesses and provides highly responsive, principled and perceptive advice in intense situations’. The firm is a leader in cases involving complex financial products and has ‘a strong, efficient team of great people who are experts in substantive and procedural law’. In New York, Herbert Washer, who is defending Credit Suisse in all matters concerning alleged manipulation of LIBOR, and David Januszewski, who won an important victory for MarineMax in the Eastern District of New York, are highly recommended. Floyd Abrams has represented McGraw Hill Financial in over 50 cases concerning S&P ratings of subprime mortgage-backed securities. Charles Gilman secured a string of victories for Deutsche Bank, including a motion for summary judgment and the dismissal of a multibillion-dollar claim brought by Sebastian Holdings. Newly promoted David Wishengrad focuses exclusively on securities litigation and regulatory enforcement. The firm also hired Washington DC-based regulatory enforcement specialist Bradley Bondi from Cadwalader, Wickersham & Taft LLP and New York-based Pierre Gentin, former head of litigation and risk for Credit Suisse.

Leading lawyers

Herbert Washer - Cahill Gordon & Reindel LLP

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White-collar criminal defense
White-collar criminal defense - ranked: tier 3

Cahill Gordon & Reindel LLP

The lawyers at the ‘terrificCahill Gordon & Reindel LLP are ‘thorough, engaging and incredibly responsive’. The firm was boosted by the arrival of the ‘tenacious, knowledgeable and highly effectiveBradley Bondi from Cadwalader, Wickersham & Taft LLP in March 2015. Bondi divides his time between New York and Washington DC, and led the team that represented the audit committee of Salix Pharmaceuticals in an internal investigation into potential securities law violations. Highlights for David Kelley included his appointment by the DOJ as independent monitor of Toyota’s compliance with safety efforts as part of a deferred prosecution agreement (DPA). Kelley is working alongside fellow New York lawyer Bart Friedman in representing the audit committee of Qualcomm in FCPA compliance investigations by the SEC and DOJ. Also recommended are Anirudh Bansal and Herbert Washer, who are also based in New York. Other clients include Qualcomm and Teva Pharmaceuticals.

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United States: Finance

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

Cahill Gordon & Reindel LLP

Cahill Gordon & Reindel LLP is counsel of choice for many investment banks and as such advises underwriters in a huge number of investment grade and high-yield debt deals each year. Recent highlights include advising the joint book-running managers and co-managers on the $15.5bn Rule 144A/Regulation S notes offering by CCO Safari II (a subsidiary of Charter Communications), the proceeds of which will be used to complete Charter’s pending acquisition of Time Warner Cable. John Tripodoro, Corey Wright and Brian Kelleher led on that matter. Elsewhere, a team led by Ann Makich and Michael Reddy assisted the underwriters with a $4bn public offering by Comcast while a team led by Daniel Zubkoff and Douglas Horowitz acted for the underwriters in a $650m public offering by Xerox. Other names to note are William Hartnett, James Clark and Susanna Suh.

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

Cahill Gordon & Reindel LLP

Cahill Gordon & Reindel LLP maintains a strong underwriter client base, and continues to be highly active in bank-side equity transactions. Key figures William Hartnett and Helene Banks advised a group of underwriters, including Citigroup, Merrill Lynch, Barclays and UBS Investment Bank, in the $340m IPO of Fortress Transportation and Infrastructure. In another highlight, Douglas Horowitz acted for JPMorgan, Merrill Lynch and Citigroup in the $750m offering of shares in Frontier Communications, a deal conducted as part of the company’s acquisition of Verizon’s wireline business. Other leading attorneys in the New York-based team include Marc Lashbrook, John Tripodoro and Jonathan Schaffzin.

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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

When it comes to advice to underwriters, the level of service at Cahill Gordon & Reindel LLP, particularly in relation to high-yield securities, ‘is second to none’. Clients appreciate the ‘very deep roster of qualified attorneys who have unparalleled market knowledge regarding high-yield financing’, adding ‘the partners are extremely responsive and balance underwriter protections with commercial knowledge extremely well’. Earning individual praise is John Tripodoro, whose ‘mind is like an encyclopaedia of precedents’. Among the matters Tripodoro worked on in 2015 was advising the financing sources on $16bn worth of bank, bond and equity financing related Valeant’s acquisition of Salix; the other attorneys leading on this were William Hartnett, Noah Newitz and Timothy Howell. The 29-partner group also includes key names such as Daniel Zubkoff and Douglas Horowitz, who, among other things, assisted the initial purchasers with a $6.6bn Rule 144A/Regulation S placement related to Frontier Communications’ purchase of wireline assets from Verizon. Other names to note are James Clark, Jonathan Schaffzin, Michael Ohler and Corey Wright.

Leading lawyers

James Clark - Cahill Gordon & Reindel LLP

Jonathan Schaffzin - Cahill Gordon & Reindel LLP

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

Cahill Gordon & Reindel LLP

The ‘highly regarded’ team at Cahill Gordon & Reindel LLP has a prolific practice acting for the lead arrangers in leveraged loan and acquisition loan transactions. The New York-based team has a wealth of excellent lending practitioners, with James Clark, Adam Dworkin, Michael Sherman, William Hartnett, Douglas Horowitz, Susanna Suh and Jonathan Schaffzin as just some of the key names. It noted a resurgence in corporate transactions and handled multiple headline deals, among which was advising the financing sources (administrative agent, lead arrangers etc.) on various loans related to Dollar Tree’s acquisition of Family Dollar; Sean Davis and Corey Wright led the advice. William Miller assisted Credit Suisse as administrative agent and lead arranger, and five other global banks as arrangers, with a $950m term B-3 loan and $3.6bn term B-4 loan for Albertsons, which helped finance its $9.2bn acquisition of Safeway. Although the firm is closely associated with banks, it also counts some non-bank lenders among its clients, including Jefferies Finance, which Jennifer Ezring advised - as administrative agent and lead arranger - on a $1.5bn credit facility for Epicor Software.

Leading lawyers

James Clark - Cahill Gordon & Reindel LLP

Jonathan Schaffzin - 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 is recognised for its reinsurance expertise with substantial strength in political risk and bad faith issues. Edward Krugman recently successfully represented Chartis Speciality Insurance Company before the New York Supreme Court in a coverage suit relating to a political risk insurance policy and - alongside Penny Windle - has been representing National Union Fire Insurance in a reinsurance matter regarding an environmental clean-up, which is currently on appeal. Thorn Rosenthal continues to represent XL Catlin in a matter relating to coverage of Amtrak’s long-tail liabilities, and is also defending XL Capital against several antitrust class actions arising from price fixing and bid rigging allegations. The team is also advising AIG as lead defendants in a bad faith action alleging refusal to pay professional liability losses. All lawyers mentioned are based in New York.

Leading lawyers

Edward Krugman - Cahill Gordon & Reindel LLP

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 ‘a great lead counsel for M&A of any size, and the level of service is outstanding on any metric’, say sources. ‘The speed, pragmatism, deep understanding of complex issues, creative problem-solving and flexible approach to issues are phenomenal, and exactly what any general counsel would want’. The firm’s client base includes buyers, sellers, boards of directors and their committees, and directors and officers, and it advises on M&A, joint ventures, spin-offs and other significant strategic transactions. It has advised insurance brokerage and risk management firm Integro on numerous middle-market transactions, including its acquisition of HealthCare Risk Specialists, a provider of professional liability insurance services to physicians and physicians’ groups. Other healthcare-related deals included assisting ICON, a provider of drug development solutions and services, with its acquisition of MediMedia Pharma Solutions. In the energy space, in a larger scale transaction, the team acted for Foresight Energy (FE) on the disposal of a significant economic interest in FE to Murray Energy Corporation for a cash consideration of $1.37bn. It also advised Coca-Cola Enterprises on its agreement to combine with Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke to form Coca-Cola European Partners. Helene Banks is ‘superb - she communicates well, has total command of her team, is always available and remains calm when things begin to disintegrate’, according to clients. She also ‘keeps the client’s goals at the forefront and knows her subject matter completely’. John Schuster is ‘always available and very responsive to clients’ needs; he has deep industry knowledge, lots of experience, creativity and a willingness to help clients achieve their objectives’. James Clark, William Hartnett, Jonathan Mark, William Miller, Kimberly Petillo-Décossard, Michael Sherman and Susanna Suh are also recommended. All named advisers are New York based.

Leading lawyers

John Schuster - 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

Cahill Gordon & Reindel LLP’s Washington DC office acts as a hub for the firm’s communications department, which is jointly led by Chérie Kiser (‘a wonderful communicator who not only has great expertise in a very complicated area, but is capable of explaining issues in a way that the uninitiated can clearly understand’) and regulatory expert Angela Collins. The team is praised for ‘providing excellent and trusted service’ and ‘responding quickly, thoughtfully, and knowledgeably with efficiency and practicality’. Recent highlights include representing key client Cable One before several state courts, state agencies, and the FCC in connection with its video, VoIP, and internet access services; and advising Polycom on the structure and content of its customer service agreements as well as the negotiation of the telecoms carrier and colocation contracts for its tele-presence business.

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

Cahill Gordon & Reindel LLP

Cahill Gordon & Reindel LLP combines extensive knowledge of the communications sector with outstanding corporate and finance credentials. The practice acts on a wide range of strategic and corporate matters, and has particular strength in providing strategic advice and guidance on issues arising from political programming guidance. In an illustration of corporate finance capability, the practice recently advised the joint book-running managers and co-managers on the proposed merger between Time Warner Cable and Charter Communications. Key figures include Angela Collins and managing partner Chérie Kiser.

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