Word: liptons
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Similarly, there are very few law students who go to law school planning on spending their entire life in Wachtell Lipton Rosen & Katz. Rather, a student who finds himself or herself $100,000 in debt may opt to postpone civil rights litigation, politics or legal academia in hope of attaining some financial security...
...February, as Diller's Paramount proposal waxed, waned and went under, Daniel Tisch first broached the CBS-QVC deal to takeover lawyer Martin Lipton, one of whose clients was Diller. The chat with Lipton, says Danny Tisch, "wasn't done with Larry Tisch's okaying or not okaying. It was just saying, gee, if the Paramount-QVC transaction looks good, think about what a CBS-QVC fit would look like. Lots of sex appeal...
According to several sources, QVC's subsequent offer included a cash buyout of CBS, a move CBS declined. Then Diller, with Lipton and Herbert Allen of Allen & Co., whom Danny Tisch calls "the real financial architects of this transaction," rejiggered the proposal as a merger between equal parties. "Around June 10," recalls Danny, "we sat down -- my father, my brother Jimmy, who is executive vice president at Loews, and I -- with Marty Lipton. We didn't really come up with any negatives...
...FIRM: Wachtell, Lipton, Rosen & Katz...
...CLIENT: Bernard Nussbaum, ex-White House counsel (and former Wachtell, Lipton partner...