With three pharmaceutical companies -- Teva Pharmaceutical Industries Ltd., Mylan NV and Perrigo Co. -- sparring over competing takeover bids, it’s not surprising that the three have hired firms big in the M&A space.
Kirkland & Ellis LLP is representing Teva (NYSE: TEVA), Cravath, Swaine & Moore LLP is representing Mylan (Nasdaq: MYL), and Wachtell Lipton Rosen & Katz is representing Perrigo Co. (NYSE: PRGO) in the takeover battle that continued to escalate last week.
Mylan launched its hostile bid earlier in the month, then raised its offer to $31.2 billion for Perrigo last week following Teva’s $40.1 billion bid for Mylan. Mylan hopes that it can avoid a Teva takeover if it’s successful in acquiring Perrigo. Perrigo, however, has rejected Mylan’s bid as inadequate.
The team at Kirkland representing Teva includes partners David Fox, Daniel Wolf and William Sorabella. Leading the team at Cravath advising Mylan are partners Mark Greene, Scott Barshay and Aaron Gruber. For its part, Perrigo has turned to Igor Kirman of Wachtell.
Law firm news
*Eight attorneys specializing in insurance law from Meckler Bulger Tilson Marick & Pearson LLP -- which last week announced a combination with Cozen O’Connor -- are instead joining Hinshaw & Culbertson LLP.
They include Meckler Bulger founder Michael Marick, as well as Scott Seaman, John DeLascio, Karen Dixon, Rebecca Haller, James Kallianis Jr. and Jason Schulze. In addition, Timothy Wright, who was previously an associate, will join Hinshaw as a partner. The team will be based in the firm’s Chicago office.
“A year and a half ago, Hinshaw set out to grow and develop high-priority practices that complement our existing strengths and contribute to differentiating our firm,” Kevin Burke, vice chairman of Hinshaw, said in a statement. “We created a detailed strategy to deepen the firm’s insurance practice with professionals who are recognized as leaders in their field.”
Since October, the firm has added more than 50 attorneys to its Insurance & Reinsurance Group, according to the statement.
Marick, who represents property and casualty insurers in high-exposure coverage disputes, practiced with Burke when both were associates at Hinshaw. Seaman is a litigator who specializes in insurance and reinsurance matters.
*Michael Bednarek joined Locke Lord as a partner in Washington and member of the firm’s intellectual property department. Bednarek, who was previously a partner at Axinn, Veltrop, Harkrider LLP, focuses on patent, trade secret, trademark and copyright litigation.
*Ellen Dunn joined Sidley Austin LLP as a partner in the firm’s insurance practice based in New York. Dunn, who was previously a partner at Sutherland Asbill & Brennan LLP, focuses on litigation, regulatory investigations, counseling, administrative hearings and compliance.
*Morrison & Foerster hired Jiang Liu as a partner in the firm’s financial services practice in New York. Liu’s practice includes bank regulatory work, including experience representing Chinese financial institutions. He advises on banking regulation including the Volcker Rule and the Bank Holding Company Act, resolution planning, and U.S. bank and non-bank acquisitions. He was previously counsel at Sullivan & Cromwell LLP.
*O’Melveny & Myers LLP hired financial services litigator Pamela Miller as a partner in New York. Miller, previously a partner at Arnold & Porter LLP, represents banks and insurance companies in a range of disputes.