Paul, Weiss client Electricite de France S.A., (EDF), the largest nuclear energy company in the world, announced today that it reached a settlement with Exelon Corporation and Constellation Energy Group in a regulatory proceeding before the Maryland Public Service Commission (PSC) involving the proposed $8 billion merger of Exelon and Constellation. Paul, Weiss represented EDF in the hearings before the Public Service Commission, as well as in the settlement negotiations.

Citigroup Inc., represented by Paul, Weiss, has won the trial of a multibillion dollar lawsuit by Terra Firma Capital Partners Ltd. and its Chairman Guy Hands who claimed he was tricked by the bank into overpaying for EMI Group Ltd. in a 2007 auction.

Paul, Weiss client Viacom prevailed in a dispute over earn-out payments to selling stockholders of Harmonix Music Systems, developer of the "Guitar Hero" and "Rock Band" video games. The selling stockholders' representative sued Viacom and Harmonix, alleging that after Viacom and Harmonix merged, they purposefully renegotiated a third-party distribution contract so as to reduce the earn-out payments. Chancellor Strine granted defendants' motion to dismiss for failure to state a claim, finding the plaintiffs' argument "absurd."

Paul, Weiss achieved a victory for our client Natexis, LLC when Justice Richard B. Lowe III of the Supreme Court of the State of New York granted our motion to dismiss in a breach of contract and declaratory judgment action. We argued that Plaintiff's interpretation of the agreement was without support and that the contract clearly and unambiguously supported our position that Natexis had satisfied all of its obligations under the contract. Justice Lowe granted our motion to dismiss in full and adopted our arguments almost verbatim in his opinion.