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Hot Topics in Mergers & Acquisitions 2019


Speaker(s): Ann Beth Stebbins, Christopher R. Wall, David B. Feirstein, David Wong, Dusty Philip, Edward J. Lee, Eric L. Schiele, Erin Bass-Goldberg, Gaurav Sud, Heather L. Finstuen, James B. Carlson, James Q. Walker, Jenny Hochenberg, Melissa A. DiVincenzo, Melissa Sawyer, Patricia Brink, Paul J. Wessel, Rodney M. Miller, Scott Matlock, Sonia K. Pfaffenroth
Recorded on: Sep. 27, 2019
PLI Program #: 248450

Christopher Wall is the senior international trade partner at Pillsbury Winthrop Shaw Pittman LLP, where his practice focuses on technology transfer regulation, foreign investment, international trade, and compliance.

Mr. Wall advises and represents clients on export controls (commercial and defense); economic sanctions and embargoes; national security reviews; anti-boycott issues; the Foreign Corrupt Practices Act (counseling and investigations); import relief proceedings; Court of International Trade appeals; complex Customs matters; bilateral investment treaties; NAFTA and WTO dispute resolution; and other trade policy and legislative matters.  He has been ranked by Chambers (Tier 1 National) and Chambers Global (Band 1) in two International Trade practice areas: Export Controls and Economic Sanctions, and CFIUS.

Mr. Wall served as Assistant Secretary of Commerce for Export Administration during 2008 – 2009.  He works with the Departments of Commerce, State, Defense, Treasury and Homeland Security, the Committee on Foreign Investment in the U.S., the U.S. International Trade Commission, and the Office of the U.S. Trade Representative.

Mr. Wall is a member of the American Bar Association and has held a number of positions, including Chair of the Special Advisory Committee on International Activities, Vice Chair of the Section of International Law and Practice, and Co-Chair of the International Litigation Committee of the Section of Litigation.  He has served as a member of the Advisory Board of the Central and East European Law Initiative and has organized and given presentations at numerous ABA meetings.  He chaired the Swedish-American Chamber of Commerce, Washington, D.C. for five years.  He has also served on the Board of Directors of the Swedish-American Chamber of Commerce USA, Inc. and has chaired the Trade and Investment Advisory Committee of the British American Business Council.

Mr. Wall currently serves on the Board of Directors of the U.S. Council for International Business.  He is a frequent lecturer at both domestic and international conferences.  He serves as parish counsel to St. John's Church, Lafayette Square.  Mr. Wall served as a member of the Committee on Homeland Security and Export Controls of the National Research Council, National Academy of Sciences, and he is a member of the Council on Foreign Relations.

Mr. Wall received undergraduate degrees from Yale University and Oxford University and his J.D. from the University of Virginia Law School.  He is a member of the bars of the District of Columbia and New York, as well as the Court of Appeals for the Federal Circuit.


Dave Wong is a Vice President at FireEye Mandiant. Mr. Wong manages the FireEye Mandiant cybersecurity consulting practice in North America. In this capacity, he leads a team of cybersecurity experts to help organizations respond to cybersecurity attacks and make them more resilient to future cybersecurity attacks.

Mr. Wong has extensive experience in cybersecurity and investigating cybercrime. Over the past 10 years, he has investigated some of the largest cybersecurity incidents, including ransomware attacks and intellectual property theft from nation states. Dave brings true front-line experience of real world cyberattacks. Through the investigations, Mandiant learns how attackers circumvent security controls. He uses this experience to help guide companies to secure their networks, data, and intellectual property.

Prior to joining FireEye, Mr. Wong was the Chief Operating Officer of the Intrepidus Group, a boutique cybersecurity firm that focused on mobile application and device security. Dave also has experience working in the financial industry at hedge funds and investment firms.

Mr. Wong is a Certified Information Systems Security Professional (CISSP) and holds a degree in Engineering from the Cooper Union for the Advancement of Science and Art.


Edward J. Lee is a transactional partner in the New York office of Kirkland & Ellis LLP. Ed’s practice focuses on mergers and acquisitions, corporate governance and shareholder activism defense.  Lawdragon has named Ed as one of the 500 leading lawyers in America, and IFLR1000 and Expert Guides have recognized him as a leading lawyer within the M&A practice. Law360 named Ed as one of six “Rising Stars” for M&A in 2018. Ed has significant experience advising on both cross-border and domestic transactions, as well as on spin-offs and carve-outs, joint ventures, LBOs, and initial public and other securities offerings. He has advised a broad range of public and private clients across industries, including, among others, technology, media and telecom (TMT), industrial, health care, consumer goods, energy and financial institutions. Ed is a David Rockefeller Fellow, Class of 2017-2018. Ed is also a member of the Council of Korean Americans, and serves as a board member and co-chair of the Corporate Law Committee of the Asian American Bar Association of New York, and as a member of the Leadership Advisory Group for the Korean American Lawyers Association of Greater New York. Ed holds degrees from Cornell University and Harvard Law School.


Eric Schiele is a corporate partner in the New York office of Kirkland & Ellis LLP, and serves as a member of the Firm's Global Management Committee. His practice encompasses M&A and public company board and special committee advisory work, as well as hostile takeover and hedge fund activism defense. Over the course of his career, Eric has advised on announced M&A transactions with an aggregate value of over $995 billion.

Eric has been repeatedly recognized as a leading lawyer in mergers and acquisitions. He was recognized for his M&A work by Chambers USA: America’s Leading Lawyers for Business from 2015 through 2020. Eric was also recognized by IFLR1000 from 2015 through 2020 and was named to Lawdragon’s list of the “500 Leading Lawyers in America” in 2016, 2017, and 2020. He has also been recognized by The Legal 500 for his transactional work in the media and entertainment industry in 2017 and 2018, for his work on mergers & acquisitions (large deals – $1bn+) in 2018 through 2020, for his transactional work in the telecoms and broadcast industry in 2014 and 2017, and for his transactional work in the technology industry in 2015.

Eric is a frequent speaker on M&A topics, including co-chairing PLI’s Hot Topics in Mergers and Acquisitions conferences from 2014–2020 and chairing its Shareholder Activism conference in 2016 and co-chairing it in 2018 and 2019.

Eric graduated summa cum laude from Ohio Wesleyan University and earned his J.D. with the highest honors from The University of Texas at Austin School of Law.


Erin Bass-Goldberg is a Managing Director in the New York Office of FW Cook. She joined the firm in 1998 and is located in Philadelphia. Her client assignments have been with both public and private companies in various industries. Erin’s consulting engagements focus on development of executive compensation strategy, design of annual and long-term incentive programs, and transaction-related executive compensation issues.

Erin serves as the independent advisor to Compensation Committees. She is an author and contributor to the firm’s technical papers and studies and is a speaker on executive compensation issues.

Previously, Erin was employed as an executive compensation consultant with The Hay Group and as an auditor and structured finance consultant with Arthur Andersen. She is a graduate of Lafayette College (BA, business and economics) and Columbia Business School (MBA, with concentration in finance and management).

 


Heather Finstuen is of counsel in Covington’s Washington, DC office. She has extensive experience advising clients on cross-border investment and related national security matters, as well as government and internal investigations.

In the national security area, Ms. Finstuen represents domestic and international companies in numerous industries in securing the approval of the Committee on Foreign Investment in the United States (CFIUS) and provides counseling on negotiating, implementing, and complying with CFIUS national security agreements. She frequently advises clients on national security regulations and engages with the Defense Counterintelligence and Security Agency, the Department of Energy, and other cognizant security agencies on topics including the determination and mitigation of foreign ownership, control, or influence (FOCI), facility and personnel security clearances, safeguarding requirements, insider threats, supply chain considerations, and responding to compliance concerns.

Ms. Finstuen has been involved in many complex CFIUS and FOCI matters, including Nexen Inc. in its $15 billion sale to China National Offshore Oil Corporation, GLOBALFOUNDRIES’ $1 billion acquisition of the IBM Microelectronics Division, Micro Focus on transactions including its $8.8 billion acquisition of HPE’s software business and $2.5 billion sale of its SUSE business, CenturyLink’s $2.2 billion sale of its Savvis data center business, Publicis Groupe’s $3.7 billion acquisition of Sapient, numerous matters for BAE Systems, and multiple transactions for The Carlyle Group.

Ms. Finstuen also represents and counsels government contractors in connection with internal investigations, mandatory disclosures, federal inquiries and investigations, and compliance policies and procedures. Ms. Finstuen has led numerous internal fraud and ethics investigations in various industries (defense, manufacturing, software, banking and finance, healthcare, food) into a range of issues including cyber security, labor charging, billing and claims, sourcing requirements, manufacturing and quality control processes, accounting, compensation structures, and mortgage foreclosure practices.

Before joining Covington, Ms. Finstuen served as a law clerk to the Honorable Carolyn Dineen King of the United States Court of Appeals for the Fifth Circuit.


J Paul Wessel is Co-Chair of Weil’s Tax Department and heads the Executive Compensation & Benefits Group. Mr. Wessel focuses his practice on handling employee benefits and executive compensation matters in mergers and acquisitions and financial restructurings, representing corporations, boards of directors, private equity firms and financial institutions.

Mr. Wessel has represented numerous financial institutions, public and privately held companies, boards of directors, employee benefit plan trustees, and individual corporate executives. Mr. Wessel also regularly counsels clients in connection with executive compensation, employee benefits and ERISA matters, as well as pension investments and fiduciary matters. His practice includes advising on equity and incentive compensation plans, nonqualified pension plans, and employment, severance and change in control agreements.

Mr. Wessel also represents clients on the compensation and benefits aspects of bankruptcy and restructuring matters, and advises debtors in possession and creditors’ committees on pension and employee benefits matters in bankruptcy. Additionally, his practice involves regulatory matters with the U.S. Department of Labor, Pension Benefit Guaranty Corporation and the Internal Revenue Service.

Mr. Wessel is a frequent speaker on employee benefits and compensation matters and has been published and quoted in the media on current issues in the area.

Mr. Wessel is consistently recognized by Chambers USA, where clients note he is “absolutely top in his field and very good to work with.” He is also regularly recognized in Legal 500 US and Best Lawyers in America and is listed as a “Bankruptcy Tax Specialist” by Turnarounds & Workouts magazine.


James Carlson advises business and corporate clients on acquisitions-related work and on securities matters. His acquisitions experience includes public and private mergers and acquisitions and private equity transactions, including leveraged buyouts, recapitalizations and spin-offs.

His securities experience includes investment-grade and high-yield debt securities, both publicly offered and privately placed, and initial public offerings. James has been listed in Euromoney Legal Media Group's World’s Leading Capital Markets Lawyers (2003).


James Walker concentrates in government investigations and enforcement proceedings, complex commercial litigation, professional liability and legal ethics.  Mr. Walker represents companies and senior executives in investigations of potential violations of the securities laws, and law firms and lawyers in litigations and proceedings involving investigations of criminal, regulatory and/or professional misconduct claims.  Mr. Walker is the Chair of the New York County Lawyer’s Association Professional Ethics Committee.  He has served on the New York City Bar’s Professional Discipline, Professional and Judicial Ethics, Professional Responsibility, and Securities Regulation Committees, and on the New York State Bar Association Committee on Professional Ethics, where he has been a member since 1996.  Mr. Walker frequently lecturers on legal ethics, internal investigations and corporate governance, and has published articles addressing on attorney-client privilege, professional ethics, and issues arising under the securities laws.  Mr. Walker also serves as General Counsel to Richards Kibbe & Orbe LLP.


Jenny Hochenberg is a partner in Cravath’s Corporate Department.  Her practice primarily encompasses mergers and acquisitions and general corporate matters.

Ms. Hochenberg’s notable M&A transactions include representing

  • Cable ONE in its $525.9 million acquisition of Fidelity Communications’ data, video and voice business, its acquisition of Clearwave Communications and its $735 million acquisition of NewWave Communications;
  • Johnson & Johnson in its $3.4 billion acquisition of Auris Health, the $2.8 billion sale of its Advanced Sterilization Products business to Fortive and the $2.1 billion sale of its LifeScan business to Platinum Equity;
  • Atlas Air Worldwide in its long-term commercial agreements to provide air cargo services to Amazon, and its grant of rights to Amazon to acquire Atlas Air equity;
  • Scientific Games in its acquisition of Don Best Sports and its C$775 million acquisition of NYX Gaming Group;
  • Time Warner in its $109 billion sale to AT&T;
  • Pilgrim’s Pride in its $7.7 billion offer for Hillshire Brands and in connection with a competing offer to acquire Hillshire made by Tyson Foods;
  • GKN in the £8.1 billion unsolicited offer from Melrose and the proposed $6.1 billion combination of its Driveline business and Dana; and
  • The Strategic Review Committee of the Board of Directors of Yahoo in the $4.48 billion acquisition of Yahoo’s operating business by Verizon.

Ms. Hochenberg has been recognized for her work in mergers and acquisitions by IFLR1000.  She is a member of the American Bar Association and the International Bar Association. 

Ms. Hochenberg received an A.B. in Economics summa cum laude from Dartmouth College in 2006, where she was elected to Phi Beta Kappa, and a J.D. with distinction from Stanford University in 2009.  Ms. Hochenberg is a member of the New York Stanford Law School Chapter Committee, which serves to strengthen the connections among alumni in New York and between alumni and the school.  She joined Cravath in 2009 and became a partner in 2018.

 


Melissa DiVincenzo is a partner in the Morris Nichols Delaware Corporate Counseling Group. She provides advice on corporate governance matters and private and public corporate transactions, including initial public offerings, mergers, asset sales, domestications, dissolutions and financing transactions.

Her work also involves guiding Delaware corporations on the requirements of the Delaware General Corporation Law (“DGCL”), counseling boards of directors and board committees with respect to fiduciary duties, and providing formal legal opinions on issues of Delaware law.

Melissa is actively involved with the American Bar Association’s Mergers and Acquisitions Committee and serves as the co-chair of the Private Company Merger Agreement Working Group. Appointed by the Delaware Supreme Court, Melissa served on the Delaware Board of Bar Examiners from 2015-2017. She previously served on the Delaware Bar Association’s subcommittee on Sections 204 and 205 of the DGCL.

Melissa frequently speaks on Delaware corporate law issues with a focus on M&A developments, the changing litigation landscape, and technical guidance from the Delaware courts on drafting matters.

Before practicing law in Delaware, she earned her J.D., magna cum laude, from Dickinson School of Law of The Pennsylvania State University in 2001, where she served as comments editor of The Dickinson Law Review. She completed her undergraduate education at Mount Saint Mary’s University, receiving a B.A., magna cum laude, in English and History in 1998.


Melissa Sawyer is a partner in Sullivan & Cromwell LLP’s Mergers & Acquisitions Group and is co-head of the Firm’s Corporate Governance & Activism Practice. In addition to advising clients on public and private M&A transactions, joint ventures and strategic alliances, she also regularly advises clients on corporate governance, activism and takeover defense matters. Ms. Sawyer’s experience spans multiple industries, including consumer and retail, industrials, medtech and insurance. Ms. Sawyer serves as Chair of the Firm’s Knowledge Management Committee.

Ms. Sawyer has been repeatedly recognized as a leading M&A adviser. She is ranked by Chambers USA in Corporate/M&A, where clients describe her as “an absolute superstar,” and was named a Client Service All-Star by BTI. She was also named to The Deal’s “Women in M&A: The Powerhouse 20” for shaping the industry with her novel approach to transactions and has been recognized as a Law360 MVP in Food & Beverage, one of Crain’s “Leading Women Lawyers in New York City” and “Dealmaker of the Week” by The American Lawyer. Additional accolades include receiving a Burton Award for Legal Achievement and being chosen as an Empire State Counsel Honoree by the New York State Bar Association.

Ms. Sawyer has recently advised: Apollo Education, AT&T, BBA Aviation, CONMED, CPPIB, CSM Bakery, Diageo, DS Smith, FXI, GameStop, OTPP, Sotheby’s, Tiffany & Co. and UnitedHealth.

Ms. Sawyer is currently a Lecturer in Law at Columbia Law School, a Fellow of the American Bar Foundation and a member of the Mergers, Acquisitions & Corporate Control Contests Committee of the New York City Bar Association. Ms. Sawyer has participated in numerous panels for the Practising Law Institute and regularly writes for The M&A Lawyer, The Deal Pipeline and LexisNexis.

Recent Publications

  • “Carve-Out Transactions: Key Seller Considerations,” Practical Law (2019)
  • “How to prepare for 2019’s proxy season,” Corporate Secretary (2018)
  • “When An Activist Designee Joins Your Board,” Law360 (2018)
  • “Facing activists on ESG,” IR Magazine (2018)
  • “Just Getting Started: M&A in 2017 and What to Expect in 2018,” The M&A Lawyer (2018)
  • “Steps to Succession: Planning Techniques for Latin American Family Businesses,” STEP Journal (2017)
  • “Getting to the Head of the Table,” Directors & Boards (2017)

Education

University of Virginia Law School, J.D. 2000
Washington and Lee University, B.A. 1997


Scott Matlock is a Partner at PJT Partners.  Prior to the founding of PJT Partners in 2014, Mr. Matlock spent 25 years in investment banking at Morgan Stanley & Co., most recently as Chairman of International M&A overseeing the firm’s mergers and acquisitions practice in Europe and Asia.  He started his career at Morgan Stanley in New York focused on transportation, industrial and technology companies, working with companies such as Conrail, Burlington Northern and Dun & Bradstreet.  In 1997, he switched his primary focus to the media and communications sectors, but has continued to work with a broad range of industrial and service companies.  At Morgan Stanley, Mr. Matlock spent 14 of his 29 year career overseas, based in Europe and Asia.

Mr. Matlock has worked on a broad range of public and private transactions, including cross border mergers in North America, Europe and Asia and hostile takeovers in the US, Canada, the UK and the Netherlands.  In addition to his M&A advisory experience, Mr. Matlock led initial public offerings and other capital markets transactions for clients across several industrials.  When he moved to London in 2002 for Morgan Stanley, he became the Head of Education Media Coverage and then the Co-Head of European Media and Communications Coverage for the firm.  Mr. Matlock served as the Global head of Media and Communications M&A from 2005-2008 and the Chairman of Asia M&A (including Australia, India and Japan) from 2008 through 2010.  Mr. Matlock was responsible for some of Morgan Stanley’s most important clients and transactions in the media and communication sectors.

Mr. Matlock was graduated from the University of California, Berkeley in 1988.  He is a citizen of both the United States and the United Kingdom.

 


Sonia Kuester Pfaffenroth represents companies in a range of industries in international cartel investigations, merger and acquisition reviews and civil antitrust litigation, as well as providing day-to-day antitrust counseling.

Sonia rejoined Arnold & Porter in 2017 from the Antitrust Division of the US Department of Justice (DOJ) where she served most recently as Deputy Assistant Attorney General for Civil and Criminal Operations. In that role, Ms. Pfaffenroth was responsible for supervising both civil and criminal antitrust enforcement efforts, as well as the Division's work with antitrust and competition law enforcement agencies worldwide.  While at the DOJ, Ms. Pfaffenroth oversaw a number of the Division's most significant matters, including the Division's challenges to the Anthem/Cigna and Aetna/Humana mergers and the American Express litigation.

Before leaving to join the DOJ in 2013, Ms. Pfaffenroth was a partner at the firm.  Ms. Pfaffenroth originally joined Arnold & Porter in 2005 after clerking for Judge Paul Friedman of the US District Court for the District of Columbia.


Dusty is co-head of Global Mergers & Acquisitions (M&A).  Previously, he was global co-head of the Industrials Group and co-head of M&A Americas.  He joined Goldman Sachs in M&A in 1991.  Dusty was named managing director in 1999 and partner in 2000.  Dusty was named top Industrials M&A “Rainmaker” and one of the Top 50 M&A “Rainmakers” on Wall Street by Dealmaker Magazine in 2007.


Gaurav is a Senior Managing Director and West Coast head of Aon Transaction Solutions.  Prior to joining the Aon Transaction Solutions team in 2014, Gaurav was an associate at Fenwick & West LLP in Silicon Valley (from 2011 to 2014) and previously at Shearman & Sterling LLP in New York (from 2007 to 2011), specializing in public and private mergers and acquisitions, private equity and venture capital investment transactions and other strategic corporate transactions, as well as fund formation and corporate governance matters for private equity sponsors and U.S. and global strategic clients spanning a wide range of industries.  Prior to attending law school, Gaurav was an M&A paralegal at Wachtell, Lipton, Rosen & Katz in New York.  Gaurav attended Amherst College and Vanderbilt University Law School.


Mr. Miller is a Vice Chairman in JPMorgan’s Mergers and Acquisitions Group, having joined the firm in October 2007 after spending 20 years at Credit Suisse. Prior to his current position, he was Head of Mergers and Acquisitions for North America and Head of the Financial Sponsor Mergers and Acquisitions effort at Credit Suisse.  Other managerial roles included co-heading the Credit Suisse Global Energy Group.

Mr. Miller has more than 30 years of experience in all aspects of financial advisory services.  He has advised both domestic and international clients across multiple industries, on a broad variety of assignments including mergers, acquisitions, divestitures, proxy contests, hostile transactions,  shareholder activism and defense preparations  including ongoing communication strategy, special committee assignments, and debt and equity capital raisings. Prior to banking, he worked as a Certified Public Accountant.  Mr. Miller is a Dean’s Advisory Council Member for the Kelley School of Business at Indiana University; and, a former Trustee for the Booth Graduate School  of Business at the University of Chicago.  He is a Trustee for the Studio Museum in Harlem where he serves as treasurer, one of New York's premier art museums. In addition, he sits on the board of directors for the Gordon A. Rich Foundation, which provides college scholarships for worthy high school students. 

 


Ann Beth Stebbins concentrates primarily on mergers and acquisitions. She represents acquirers, targets and financial advisors in public and private acquisitions in a broad range of industries.  She has extensive experience representing private equity firms and their portfolio companies in connection with acquisitions, joint ventures, and other strategic investments. Ms. Stebbins spent eight years in the Firm’s London office, and has been involved in numerous cross-border transactions. 

Ms. Stebbins lectures and participates in seminars on topics related to her practice.  She is an adjunct professor at Georgetown University Law Center in the business law program.  She was recognized as an Outstanding Women Leader by Georgetown University Law Center and was the 2018 recipient of the John Carroll Award, the highest honor bestowed upon a Georgetown alumnus. She also was named as one of The American Lawyer’s 2020 Dealmakers of the Year, and has been named as a Woman Dealmaker of the Year by The M&A Advisor and one of the Lawdragon 500 Leading Lawyers in America.

Ms. Stebbins’ representative transactions include:

- Amylin Pharmaceuticals, Inc. in its $7 billion acquisition by Bristol-Myers Squibb Company;

- Funds advised by Apax Partners LP in:

· their acquisition of ECI Software Solutions and the North American business of Exact Group B.V.;

· their acquisition of a majority stake in Accenture LLP’s Duck Creek insurance software business;

· their acquisition of a controlling interest in FULLBEAUTY Brands, Inc.;

· their acquisition of Quality Distribution, Inc.;

· their acquisition of Advantage Sales & Marketing from J.W. Childs Equity Partners and its subsequent sale to affiliates of private equity firm Leonard Green & Partners, L.P. and funds advised by CVC Capital Partners Limited; and

· their acquisition of Tivit, a leading technology service provider in Brazil.

- Bally Technologies, Inc. in its $5.1 billion acquisition by Scientific Games Corporation, a supplier of instant-win lottery tickets and a manufacturer of lottery terminals;

- Cineworld Group plc in its $3.6 billion acquisition of Regal Entertainment Group;

- Colfax Corporation in the sale of its fluid handling products to CIRCOR International, Inc. and its acquisition of Victor Technologies Group Inc. from Irving Place Capital;

- Empresas Polar S.A. in connection with the formation of a joint venture with PepsiCo, Inc. and Grupo Embotelladoras Unidas, S.A.B. de C.V. to manufacture and distribute beverages in Mexico;

- Gucci Group N.V. in its successful defense against a hostile takeover attempt by LVMH Moët Hennessy Louis Vuitton S.A.; and its independent directors in connection with Pinault-Printemps-Redoute’s acquisition of the publicly held shares of Gucci; and in numerous acquisitions of European luxury goods companies, including Sanofi Beauté (which includes the Yves Saint Laurent clothing and perfume businesses), Balenciaga S.A., Stella McCartney Ltd., Alexander McQueen Ltd. and Bedat S.A.;

- J. C. Penney Company, Inc. in its acquisition of the Liz Claiborne and Monet trademarks from Liz Claiborne, Inc.;

- Pharmaceutical Product Development, Inc. in its $3.9 billion sale to The Carlyle Group and Hellman & Friedman;

- SeaCube Containers, Ltd. in its $1.7 billion acquisition by Ontario Teachers’ Pension Plan;

- the independent members of the board of directors of Time Warner Cable Inc. in its acquisition by Charter Communications; and

- WABCO Holdings Inc. in its $7 billion acquisition by ZF Friedrichshafen AG.


David Feirstein is a senior partner in the New York office of Kirkland & Ellis LLP concentrating on mergers and acquisitions, corporate and securities law matters and corporate governance.

He has been recognized in Chambers USA: America’s Leading Lawyers for Business in 2020 and from 2016–2018, which said “he is a superstar; he is incredibly smart and very efficient,” and clients “appreciate his ‘extraordinary attention to detail and ability to manage complicated issues and transactions.’” He was also recognized in 2016 and 2014 as a “Rising Star” by Law360 for Mergers & Acquisitions, in The Legal 500 U.S. for M&A: Large Deals ($1bn+) in 2018, 2017 and 2015, and by Super Lawyers for his corporate practice.

David also teaches a class as an adjunct professor at NYU Law on negotiating corporate transactions. He earned his J.D. from the New York University School of Law where he graduated magna cum laude, and earned his B.A. in political science from the University of Pennsylvania.


Patricia Brink is the Director of Civil Enforcement at the Department of Justice’s Antitrust Division. As the Director of Civil Enforcement, Patty supervises the Division’s merger and civil non-merger investigations, including reviewing all proposed remedies and coordinating any international cooperation for civil matters. She is an active participant in the ICN’s Merger Working Group and has engaged in technical assistance consultations through the OECD and in several countries, including China and India. Prior to joining the Office of Operations, Patty was in the Networks and Technology Enforcement Section of the Antitrust Division and was Special Counsel for Microsoft Decree Enforcement.  She joined the Antitrust Division in 1989 after graduating from University of California, Davis King Hall.