Sullivan & Cromwell LLP
News and overview for Sullivan & Cromwell LLP
HealthSouth grants dissidents funds for proxy fights
Wall Street Journal, The | 27 days 23 hours 40 minutes ago
In a major breakthrough for investor clout in the boardroom, HealthSouth Corp. is moving to become the first big U.S. business to reimburse activist shareholders for the expense of unseating management-backed directors.
MANAGEMENT OCTOBER 26, 2009 Reimbursements Aim
Barron's (subscription required) | 28 days 16 hours 51 minutes ago
In a major breakthrough for investor clout in the boardroom, HealthSouth Corp. is moving to become the first big U.S. business to reimburse activist shareholders for the expense of unseating management-backed directors.
Fair Fight? Assistance Is Offered In Proxies
Wall Street Journal, The | 28 days 16 hours 49 minutes ago
In a major breakthrough for investor clout in the boardroom, HealthSouth Corp. is moving to become the first big U.S. business to reimburse activist shareholders for the expense of unseating management-backed directors.
Top Travel News - Blackstone Group to Purchase Busch Entertainment Corp.
TravelPulse | 46 days 39 minutes ago
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CIT Enters into Restructuring Plan Support Agreement with Carl Icahn and Obtains Incremental $1 Billion Committed Line of Credit from Icahn Capital LP [Press Release]
Business Wire | 24 days 3 hours 54 minutes ago
CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that it has entered into an agreement with Carl Icahn to support its restructuring plan and secured an incremental $1 billion committed line of credit from Icahn Capital LP to provide supplemental liquidity for CIT as it pursues that plan.
CIT Provides Update on Restructuring Plan [Press Release]
Business Wire | 24 days 10 hours 12 minutes ago
CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that the exchange offers and solicitation for certain of the Company’s outstanding series of notes, excluding those maturing after 2018 and those issued by CIT Group Funding Company of Delaware, expired at 11:59 p.m. New York City time on Thursday, October 29, 2009.
CIT Obtains Additional $4.5 Billion in Financing Through Expansion of Existing Secured Credit Facility [Press Release]
Business Wire | 26 days 4 hours ago
CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that it has expanded its current $3 billion senior secured credit facility by an additional $4.5 billion. The new $4.5 billion tranche, which is being provided by a diverse group of lenders, including many of the Company’s bondholders, will be secured by substantially the same assets as the existing $3 billion tranche and any additional collateral that becomes available...
CIT Announces Accelerated Process for Appointing New Directors in Potential Prepackaged Plan of Reorganization [Press Release]
Business Wire | 26 days 1 hour 12 minutes ago
CIT Group Inc., a leading provider of financing to small businesses and middle market companies, today announced a modification of its Amended Offering Memorandum (dated October 16, 2009 and supplemented October 23, 2009) that will accelerate changes to its Board of Directors in a potential prepackaged plan of reorganization scenario. Immediately upon effectiveness of CIT’s plan of reorganization, a majority of the Directors will be individuals who were identified by bondholders.
CIT Amends Terms of Exchange Offers [Press Release]
Business Wire | 27 days 23 hours 30 minutes ago
CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that it has modified its amended Offering Memorandum dated October 16, 2009 through a supplement dated October 23, 2009. The supplement reflects changes that are expected to build additional bondholder support.
UPDATE: One-Time Lawyer Grmovsek Pleads Guilty To Conspiracy
Wall Street Journal, The | 26 days 21 hours 17 minutes ago
(Adds details on criminal pleas in the U.S. and Canada and civil settlements.) By Chad Bray Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--A one-time corporate and securities lawyer from Canada pleaded guilty to a criminal charge Tuesday in an insider-trading scheme in which he allegedly received tips from a law school classmate.
CIT Board of Directors Approves Proceeding with Prepackaged Plan of Reorganization with Overwhelming Support of Debtholders [Press Release]
Business Wire | 22 days 33 minutes ago
CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that, with the overwhelming support of its debtholders, the Board of Directors voted to proceed with the prepackaged plan of reorganization for CIT Group Inc. and a subsidiary that will restructure the Company’s debt and streamline its capital structure.
CIT Board of Directors Approves Proceeding with Prepackaged Plan of Reorganization with Overwhelming Support of Debtholders Nearly 90% in Favor of Plan; Emergence Sought by Year-End
CNBC | 21 days 23 hours 40 minutes ago
NEW YORK, Nov 01, 2009 (BUSINESS WIRE) -- --Operating Entities Remain Unaffected and Highly Liquid --Continue Lending to Small and Middle Market Businesses CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that, with the overwhelming support of its debtholders, the Board of Directors voted to proceed with the prepackaged plan of reorganization for CIT Group Inc. and a subsidiary that will restructure the Company's debt...
PepsiCo Reaches Merger Agreements with Pepsi Bottling Group and PepsiAmericas [Press Release]
PRNewswire | 111 days 7 hours 41 minutes ago
PURCHASE, N.Y. and SOMERS, N.Y. and MINNEAPOLIS Aug. 4
Insider trading scheme began with covert office raids
Globe and Mail (Toronto), The | 25 days 19 hours 45 minutes ago
Scheme by lawyers Gil Cornblum and Stan Grmovsek included ‘spelunking' to uncover corporate secrets, court documents say
Ropes & Gray law firm gets insider case black eye
Reuters | 17 days 19 hours 45 minutes ago
NEW YORK, Nov 5 (Reuters) - A Ropes & Gray lawyer's arrest in an insider trading case has embarrassed the corporate law firm in the latest scandal to cast a harsh spotlight on legal partnerships that oversee billions of dollars in deals each year.
Company Overview
| Company: | Sullivan & Cromwell LLP |
|---|---|
| Industry: | Legal Services |
| Website: | http://www.sullcrom.com |
Sullivan & Cromwell is a law firm with a long and storied history. Founded in 1879 by Algernon Sullivan and William Cromwell, the firm was on hand for the foundation of both General Electric in 1882 and United States Steel in 1901. Today, Sullivan & Cromwell has about 750 lawyers in four US and eight international offices. It focuses on advising companies on mergers and acquisitions and on corporate law for industrial, commercial, and financial clients, more than half of which are located abroad. Sullivan & Cromwell's major clients have included investment and banking giant Goldman Sachs and Microsoft (which the firm represented in its antitrust battle with the US Justice Department).
Key Numbers
| Sales in U.S. Dollars (mil.) | 985 (2007) |
|---|---|
| One-year % Growth in Sales | 0.0 (2007) |
| Net Income in U.S. Dollars (mil.) | 0 () |
| One-year % Growth in Net Income | 0.0 () |
| Number of Employees | 0 (0) |
| One-year % Growth in Number of Employees | 0.0 (0) |
| Fiscal Year-End | December |