in

Sumitomo to Acquire Unit from Citigroup – Skadden Arps – LawFuel Legal Announcement Service

LawFuel.com – Legal Announcements – May 2009
A global team of Skadden attorneys represented Sumitomo Mitsui Financial Group (SMFG) and its subsidiary Sumitomo Mitsui Banking Corporation (SMBC) in connection with its US$7.8 billion acquisition of Nikko Cordial Securities and related assets from Citigroup Inc.

This transaction, announced on May 1, is significant for SMFG and SMBC as it is the first acquisition of one of the top Japanese securities firms by one of the major Japanese banks.

A New Version of the G.726 Vocoder from GAO Research

All but three of the most profitable New York law firms saw profits per partner fall, the American Lawyer reports.