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

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Simon Property Group Inc.ย is counting on mergers and acquisitions lawyer Lew Clayton to work his magic to scuttle a $3.6 billion buyout of rival mall ownerย Taubman Centers Inc.ย for failing to effectively deal with the Covid-19 pandemicโ€™s fallout.

It isnโ€™t the first time the attorneyโ€™s been called to the rescue. Two years ago, Clayton — a partner with New Yorkโ€™sย Paul, Weiss, Rifkind, Wharton & Garrison LLPย โ€“- persuaded a judge that the fine print in an acquisition deal allowed German drugmakerย Fresenius SEย to cancel a $4.3 billion buyout of U.S. rivalย Akorn Inc., which tried to cover up seriousย quality-control problems.

https://www.bloomberg.com/news/articles/2020-06-10/simon-counts-on-seasoned-lawyer-to-snuff-out-taubman-mall-buyout

 

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

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