Diversity & Inclusion
On March 6, Skadden obtained the Massachusetts Supreme Judicial Court's affirmance of the dismissal of shareholder claims against directors of EMC Corporation arising out of its 2016 merger with Dell Inc.
Skadden is representing SunEdison, Inc. in the acquisition by Brookfield Asset Management, Inc. of TerraForm Global, Inc. and a controlling interest in TerraForm Power, Inc.
Skadden represented JD.com, Inc., the largest Chinese e-commerce company by revenue, in its 14.3 billion renminbi (US$2.07 billion) disposition of its 68.6 percent equity stake in JD Finance, which runs JD.com’s internet finance business.
Skadden is representing The AES Corporation and Alberta Investment Management Corporation (AIMCo) in their $853 million acquisition of FTP Power LLC (sPower).
Skadden is representing Veritas Capital in its $755 million acquisition of the capital services business of Chicago Bridge & Iron Company N.V.
In a win for Skadden client Castle Harlan Inc., the New York Supreme Court, Appellate Division affirmed the dismissal of a seven-count complaint brought by Russian-owned companies Norcast S.ár.l and Pala Investments Ltd. arising from the 2011 sale of Norcast Wear Solutions (NWS), a Canadian mining products company.
Skadden is advising EMAS Chiyoda Subsea Limited and its affiliates on a Chapter 11 reorganization in the Southern District of Texas.
Skadden represented the ABB Group in the European Union antitrust aspects of the $934 million divestment of its high-voltage cables and power cable accessories businesses to NKT Cables.
Skadden represented Société Générale and Morgan Stanley, as joint lead arrangers and lead underwriters, and a syndicate of commercial bank lenders in connection with a $635.7 million credit facility provided to a subsidiary of EIG Global Energy Partners (EIG) for the acquisition by EIG from Kinder Morgan, Inc. of a 49 percent interest in Elba Liquefaction Company, L.L.C.
As co-counsel, Skadden advised Maurice "Hank" Greenberg, the former chairman and CEO of American International Group, Inc., on the highly successful conclusion of his 12-year battle with the Office of the New York State Attorney General.