- Dell Walks Away From 3Par Bidding After HP’s $33-a-Share Offer – Bloomberg – It was already a huge premium when Dell bid $18 for shares that previously closed at $9.65. So in addition to potentially having made HP overpay, Dell should also collect a $72 million breakup – much of which will go to its lawyers at Debevoise. Wilson Sonsini (for 3PAR)and Cleary (for HP) will have to wait for closing to get paid.
- Law.com – Calif. Appeals Court Approves Contingency Fee Greater Than Client Award – Surprisingly, there's a BigLaw connection in a contingency-fee dispute. Gibson Dunn represents the client disputing a fee that exceeds the value of the property and the settlement.
- M & A Law Prof Blog: More Advice for Young Lawyers – Add this to the list of Insider Advice for Wannabe Insider Traders. Be discreet – or in Gen Y terms, "STFU, pls. k thx bai!"
- Another Lawyer Sues Avvo Rating Site, Claims Its Practices Are ‘Beyond Unfair’ – News – ABA Journal – We wouldn't care about some Florida solo, until ABA Journal noted that he's a former Foley & Lardner lawyer. Oh, labor and employment or healthcare or something… back to not caring.
- Reuters Confirms: August Was Busy M&A Month – Only if you compare announced-deal size to last year. There were actually fewer deals this August, but they were bigger (BHP Billiton-Potash and Intel-McAfee being the listed examples).
