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Alston & Bird Represents Piedmont Bancorp in $267 Million Acquisition by United Bankshares
Alston & Bird represented Piedmont Bancorp, the parent company of The Piedmont Bank, in its $267 million acquisition by United Bankshares, the parent company of United Bank, making United the 39th-largest banking company in the United States based on market capitalization. Piedmont is a $2.1 billion asset bank holding company headquartered in Georgia. Through The Piedmont Bank, Piedmont operates 16 locations in the Atlanta area and North Georgia dedicated to exceptional service and innovative products for both business and personal banking.
Alston & Bird Secures Litigation Win for Samitaur Constructs
Alston & Bird represented Samitaur Constructs, an urban development and property management firm, in a lawsuit in Los Angeles County Superior Court. The lawsuit was brought by Nike against our client for claims of $30 million in damages arising out of the construction and leasing of Nike’s worldwide “Icon” photo and video studios. The court rejected Nike’s claims, finding that our client did not delay the project, did not breach the lease, and did not cause damages to Nike. At trial, Nike also abandoned a sexual harassment claim against our client’s property manager.
Alston & Bird Secures Pro Bono Asylum Victory
Alston & Bird represented a client on appeal after the immigration judge incorrectly applied evidentiary standards in her case. While the appeal was pending in the Fifth Circuit, the client was removed to Bolivia. The team’s relentless work resulted in the case being remanded to the immigration court, and asylum was granted. Following the grant of asylum, the team worked for two years with multiple government agencies and were finally successful in getting our client back to the United States in March.
Alston & Bird Adds Trial Lawyer Scott Schirick
Alston & Bird has enhanced its Litigation & Trial Practice Group with the addition of partner Scott Schirick, resident in the New York office. Scott focuses on complex federal and state litigation, securities enforcement and regulatory investigations, and white-collar criminal defense matters.
Alston & Bird Advises Stockbridge Core and Value Advisors on $709 Million Launch of Fifth Fund in Real Estate Value Fund Series
Alston & Bird advised Stockbridge Core and Value Advisors, a private equity institutional real estate investment adviser, on the formation of Stockbridge Value Fund V, the fifth fund in their Value Fund series. The fund closed with total committed capital of $709 million, bringing Stockbridge’s assets under management to approximately $34 billion. Value Fund V is capitalized by a multinational group of institutional investors including pension plans, sovereign wealth funds, university endowments and insurance companies.
Alston & Bird Recognized Once Again as a Top Adoption-Friendly Workplace by the Dave Thomas Foundation for Adoption
Alston & Bird has once again been ranked among America’s top adoption-friendly workplaces, marking 18 consecutive years that the firm has been recognized nationally as a leader in employee adoption benefits.
Alston & Bird Represents Former NFL Player in Pro Bono Compassionate Release Case
Alston & Bird attorneys successfully represented a former Texas A&M star running back and NFL player in a request for compassionate release under the First Step Act following a terminal diagnosis of metastatic throat cancer.
Alston & Bird Represents Hilton Grand Vacations in Securitization of Bluegreen Vacations Timeshare Loans
Alston & Bird represented Hilton Grand Vacations in its $240 million securitization of legacy Bluegreen Vacations timeshare loans through Hilton Grand Vacations Trust 2024-1B.
Alston & Bird Represents Veritiv in Acquisition of Ameripac
Alston & Bird represented Veritiv, a leading provider of packaging, print, and facility solutions, in its acquisition of substantially all the assets of Ameripac LLC and Ameripac Pennsylvania LLC, a leading provider of turnkey contract packaging and fulfillment services with annual revenues of approximately $60 million.
Top 10 JD Supra Hot Reads
Alston & Bird partners with JD Supra to expand the reach of our advisories, blogs and other relevant thought product. Our attorneys regularly provide insightful and timely commentary on the full gamut of legal issues relevant today.
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