Simon Property Group Inc. is counting on mergers and acquisitions lawyer Lew Clayton to work his magic to scuttle a $3.6 billion buyout of rival mall owner Taubman Centers Inc. for failing to effectively deal with the Covid-19 pandemic’s fallout.
It isn’t the first time the attorney’s been called to the rescue. Two years ago, Clayton — a partner with New York’s Paul, Weiss, Rifkind, Wharton & Garrison LLP –- persuaded a judge that the fine print in an acquisition deal allowed German drugmaker Fresenius SE to cancel a $4.3 billion buyout of U.S. rival Akorn Inc., which tried to cover up serious quality-control problems.
https://www.bloomberg.com/news/articles/2020-06-10/simon-counts-on-seasoned-lawyer-to-snuff-out-taubman-mall-buyout
