Simon Counts on Seasoned Lawyer to Snuff Out Taubman Mall Buyout – News

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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.


Shoppers walk past stores at the Simon Property Group Roosevelt Field mall in Garden City, New York in 2018.

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