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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

Merger control
Merger control - ranked: tier 5

Cahill Gordon & Reindel LLP

Cahill Gordon & Reindel LLP’s Elai Katz and counsel Lauren Rackow (both in New York) advise clients on transactional antitrust matters arising at all stages of M&A transactions. In 2017, the pair assisted Tembec with obtaining FTC and DOJ clearances for its $807m sale to Rayonier Advanced Materials, and co-ordinated related regulatory approvals in Canada, Germany and China. The team also advised Empire District Electric on obtaining antitrust and CFIUS approvals associated with its acquisition by a subsidiary of Algonquin Power & Utilities.

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United States: Dispute resolution

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

Cahill Gordon & Reindel LLP

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

Cahill Gordon & Reindel LLP

The ‘masterly’ practice at Cahill Gordon & Reindel LLP has particular expertise in representing major multinationals and financial institutions and their employees in complex investigations and criminal matters. The New York team served as legal counsel to the DOJ-appointed independent monitor overseeing Toyota’s safety-related compliance processes as part of a deferred prosecution. It also represented the audit committee of Wal-Mart Stores in the DOJ and SEC investigations into possible FCPA violations arising from the company’s operations in Mexico, Brazil, China and India. Bradley Bondi (whom clients rate as ‘a force of nature’) represented Carnival and Princess Cruise Lines in a major DOJ investigation into alleged environmental violations in US and international waters, leading to a negotiated settlement. The well-respected Anirudh Bansal has exceptional expertise in representing individuals in criminal and regulatory investigations by the DOJ, SEC and other government agencies. Herbert Washer, David Wishengrad and Brock Bosson are also recommended. In September 2017 the team welcomed Nola Heller from the US Attorney's Office for the Southern District of New York.

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General commercial disputes
General commercial disputes - ranked: tier 3

Cahill Gordon & Reindel LLP

Antitrust, securities, professional liability and insurance litigation are sweet spots for Cahill Gordon & Reindel LLP, which is also renowned for its First Amendment practice. Highlights in the latter field included Joel Kurtzberg and senior counsel Floyd Abrams’s representation of Ocean Spray Cranberries in negotiations with the Food and Drug Administration (FDA) concerning the constitutionality of regulations on food labels. Herbert Washer heads the litigation department, and Tammy Roy and Jonathan Their are also noted. All named attorneys are based in New York.

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

Cahill Gordon & Reindel LLP

Cahill Gordon & Reindel LLP regularly advises investment banks, asset managers and hedge funds on cases arising from complex financial products, and acts for large corporates and their boards in high-stakes matters. New York-based litigation chair Herbert Washer recently advised Credit Suisse on high-profile matters arising from allegations that it manipulated the London Interbank Offered Rate (Libor). For the same client, he obtained the dismissal of all claims brought by Japanese bank Aozora arising from its investments in the Jupiter V CDO. Charles Gilman has a track record of success spanning seven years and his recent highlights include acting for S&P Global in actions brought by US states and private individuals regarding its credit ratings for MBS. David Januszewski is ‘a "go-to" litigator’ and with Washington DC-based regulatory enforcement specialist Bradley Bondi he acted for Global Power Equipment Group in a class action arising from the restatement of financial results. David Wishengrad is also recommended.

Leading lawyers

Herbert Washer - Cahill Gordon & Reindel LLP

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United States: Finance

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

Cahill Gordon & Reindel LLP

Widely admired for its market leading high-yield debt capability, Cahill Gordon & Reindel LLP also garners a significant volume of investment grade work. The firm is widely revered for its strong links to underwriters and attracts strong praise for its ‘ability to nurture client relationships’, ‘peerless business acumen’ and ‘deep bench’ and it is regularly called upon by all the major national and global investment banks. The ‘very commercial and strategicJonathan Schaffzin co-heads the New York-based team and with John Tripodoro advised the joint book-running managers and the co-manager on Rackspace Hosting’s $1.2bn senior notes offering. In another key headline, James Clark acted for Bank of America Merrill Lynch and JP Morgan as the lead book-running managers on Symantec’s $1.1bn offering of notes. The ‘extremely experienced’ team also benefits from the senior expertise of William Hartnett, Douglas Horowitz and group co-chair Daniel Zubkoff.

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

Cahill Gordon & Reindel LLP

Traditionally better known for its high-yield debt practice, Cahill Gordon & Reindel LLP’s strong underwriter relationships continue to translate into an increasing volume of equity deals. Among its recent work, high-profile partner Jonathan Schaffzin and William Miller advised the underwriters on a $2.1bn stock offering by Equinix. Miller also led advice to the underwriters on Keane Group’s $584.7m IPO. Elsewhere, James Clark and Miller acted for the underwriters on two common stock offerings by Mercury Systems totaling $398m, while Douglas Horowitz assisted Wells Fargo Securities as sole book-running manager with PBF Energy’s $275.3m public offering. The New York-based team also benefits from the experience of Daniel Zubkoff, William Hartnett and John Tripodoro.

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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

Head and shoulders above the rest’, Cahill Gordon & Reindel LLP continues to sit alone at the top of the manager-side ranking due to its ‘outstanding lawyers’, ‘key experience on major deals’ and ‘unmatched strength-in-depth’. Certainly, the New York-based practice secures plum roles on many of the most sophisticated deals to come to market and impresses both in terms of deal value and deal volume. Partners garner rave reviews, with James Clark highlighted as ‘the best high-yield specialist bar none’. Clark and Corey Wright advised on a string of transactions stemming from the spin-offs of LSC Communications and Donnelley Financial Solutions from R.R. Donnelley & Sons, including assisting the initial purchasers with the Rule 144A offering by LSC of $450m of senior secured notes. John Tripodoro is ‘a consummate professional’ and with department co-head Jonathan Schaffzin advised the joint book-running managers and co-manager on Rackspace’s $1.2bn notes offering. William Hartnett is ‘a high-yield powerhouse’ and with William Miller acted for the initial purchasers on HCA’s $1.5bn notes offering. Other senior names to note include Douglas Horowitz and department co-lead Daniel Zubkoff, while Joshua Zelig and Marc Lashbrook are also highly rated. Ann Makich retired.

Leading lawyers

James Clark - Cahill Gordon & Reindel LLP

Jonathan Schaffzin - Cahill Gordon & Reindel LLP

William Hartnett - Cahill Gordon & Reindel LLP

Next generation lawyers

Joshua Zelig - Cahill Gordon & Reindel LLP

Marc Lashbrook - Cahill Gordon & Reindel LLP

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

Cahill Gordon & Reindel LLP

There are few who can compete with Cahill Gordon & Reindel LLP when it comes to advising the lenders on major leveraged finance deals. In the first three quarters of 2017, according to Thomson Reuters, the firm advised on 201 deals worth over $234bn, outstripping the market both in terms of volume and value. The firm acts for some of the leading banks in the market, including Barclays, Citigroup Global Markets and Deutsche Bank. Among the firm’s most notable transactions were advice to JPMorgan Chase, and other lenders, on the $3.5bn financing of the $6.5bn takeover of Team Health Holdings by funds affiliated with Blackstone. Another highlight was representing Bank of America on the $4.4bn debt financing of Stone Canyon Industries’ acquisition of Mauser Group. The firm also represented the lenders, including Barclays and Deutsche Bank, on the multi-billion dollar financing of Go Daddy’s acquisition of Host Europe Group. The firm boasts an array of star names, including James Clark, Jonathan Schaffzin, Daniel Zubkoff, Adam Dworkin, and Jennifer Ezring. The up-and-coming Joshua Zelig is also recommended by clients, while Michael Reddy has a very active practice.

Leading lawyers

James Clark - Cahill Gordon & Reindel LLP

Jonathan Schaffzin - Cahill Gordon & Reindel LLP

Next generation lawyers

Joshua Zelig - Cahill Gordon & Reindel LLP

Michael Reddy - 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

The ‘experienced’ team at Cahill Gordon & Reindel LLP has ‘a very good understanding of the insurance industry’ and a ‘focused approach to doing business’. Department head Thorn Rosenthal is ‘extremely adaptable’, ‘bright and resourceful’ and is representing Swiss Re in relation to claims by subprime borrowers against ResCap. Penny Windle represented National Union Fire Insurance (AIG) in a long-running case seeking $6m from Everest Reinsurance Company in relation to the environmental clean-up at 80 sites around the country. AIG, XL Insurance, Starr Insurance Holdings and Arch Insurance are also clients. Jason Hall and Tammy Roy are additional key figures in the department. All individuals mentioned are in the New York office.

Leading lawyers – 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

With a client base including public and private companies across a variety of industries, Cahill Gordon & Reindel LLP advises buyers, sellers, boards of directors and committees, as well as directors and officers, on M&A transactions, dispositions, joint ventures, spin-offs and other significant strategic transactions. The firm’s deal attorneys regularly work alongside its tax, antitrust, real estate, environmental, IP, and executive compensation and employee benefits practices. Department head William Hartnett, who advises public and private companies and commercial and investment banking firms, and M&A specialist Kimberly Petillo-Décossard advised 1-800-flowers.com on the $115m sale of its Fannie May Confections Brands’ business, including its subsidiaries Fannie May Confections and Harry London Candies, to Italy-based Ferrero International; and in the large deal market, John Schuster and Susanna Suh acted for Bermuda-based specialty insurance company Arch Capital Group in its $3.26bn acquisition of United Guaranty Corporation and AIG United Guaranty Insurance (Asia) from American International Group; while Michael Sherman led advice to The Empire District Electric Company on its sale to a subsidiary of Algonquin Power & Utilities Corp. Other key deals included assisting Envigo International Holdings with its proposed merger with Avista Healthcare Public Acquisition Corp, and acting for clinical science-driven data services company MedAvante in its sale to WIRB-Copernicus Group, the world’s largest provider of regulatory and ethical review services for human research. Helene Banks has extensive experience practicing in the food, beverage, entertainment, media, healthcare, and insurance industries. All named advisers are based in New York.

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 has strong expertise in dispute resolution and regulatory matters facing wireline, wireless, cable, broadband, internet, broadcast and satellite companies. Chérie Kiser heads the practice and is skilled in corporate, regulatory and contentious issues; she advised Blackboard on FCC proceedings involving unwanted ‘robocalls’ received by its consumers, and defended Cable One in litigation against state departments in Missouri, New Mexico, Oklahoma, Oregon as well as the FCC. She also advised Universal Service Administrative Company on regulatory issues relating to its $9bn universal service fund. Of counsel Angela Collins is also a key figure and has worked with VoIP, cable, wireless and information services providers.

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

Cahill Gordon & Reindel LLP

Based in Washington DC, the team at Cahill Gordon & Reindel LLP is highly active in communications deals and has a particular emphasis on advising financial institutions as underwriters and arrangers for transactions in this space. Managing partner Chérie Kiser heads the team and is particularly active in the fields of voice, video, internet and data communications. She recently advised Birch Communications on regulatory issues pertaining to its merger with Fusion Telecommunications International, and assisted Cable One with its $735m acquisition of NewWave Communications. She also worked with Polycom on its $2bn sale to Siris Capital Group and advised Deutsche Bank on its offering of $3bn-worth of notes to Dish Network. Angela Collins is also a key figure and has a particular strength in interconnection agreements for wireless, cable and VoIP clients.

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