Wuersch & Gering Represents Scheuch Group in its Acquisition of Schust Development

Wuersch & Gering represented Scheuch Group in its acquisition of Schust Development Inc., a leading full service air pollution control company designing, building and service large scale projects. Scheuch Group is a leading worldwide air and environmental technology company.  This acquisition marks Scheuch Group’s second acquisition in North America.Wuersch & Gering’s team included Daniel A. Wuersch, Jason Rimland and Luba Waeldner (Corporate), Thilo Agthe (IP), Sherica Bryan (Employment), and Maureen Monaghan (Tax). The seller was represented by Carson Boxberger.

Wuersch & Gering Wins Appeal Dismissing RICO and Fraud Case Against German Company

Wuersch & Gering won an appeal denying US jurisdiction over claims against LFoundry GmbH, a German technology company,  by our client’s bankrupt French subsidiary, LFoundry Rousset, SAS, and a class of individual French plaintiffs.  LFoundry GmbH, Atmel Corporation of California and its French subsidiary, Atmel Rousset, SAS, were sued in 2014 in the United States District Court for the Southern District of New York by LFoundry Rousset and a putative class of about 750 of its former employees at a silicon wafer factory located in Rousset, France, that was sold by Atmel Rousset to LFoundry’s French subsidiary in 2010.

The Plaintiffs claimed that the sale of the factory had been a fraud to avoid compensation that would have been owed to the employees under French law from a closing of the factory. The complaint alleged that, instead of closing the factory, Atmel conspired with LFoundry to sell the factory under contrived circumstances that would inevitably lead to its bankruptcy.  Plaintiffs asserted civil RICO and RICO conspiracy, fraud and tortious interence claims and sought damages of $200 million, which would have been trebled under the RICO statute.

Our client and the Atmel defendants moved to dismiss the complaint for lack of personal jurisdiction, for failure to state a claim, and on the ground of forum non conveniens.  On July 21, 2015, The District Court (Judge Swain) granted the motion on the ground of forum non conveniens conditioned on a consent to jurisdiction in France, and judgment was entered on August 27, 2015.  The Plaintiffs appealed to the US Court of Appeals for the Second Circuit, which affirmed the lower court’s decision on June 27, 2016.

Wuersch & Gering’s team included Gregory F. Hauser, Sherica R. Bryan and Brad Fishman.The Atmel defendants were represented by Freshfields.

Wuersch & Gering Represents the NSI Group in its Acquisition of MI Technologies

Wuersch & Gering represented NSI-MI Holdings, LLC (a portfolio company of Quadrant Management, Inc.) in its acquisition of MI Technologies, LLC, a leading global supplier of radio frequency and microwave products, systems and services, and the related acquisition financing transaction.In February 2015, the NSI Group acquired Nearfield Systems, Inc., a leading provider of turn-key near-field antenna measurement systems. Representation of the NSI Group in this transaction was also provided by Wuersch & Gering.The combined companies will continue to serve domestic and international governments and commercial customers with antenna and microwave measurement products and systems and supply products to the Aerospace, Defense, Wireless, Automotive, Materials and other application areas with requirements for high speed measurement systems.Wuersch & Gering’s team included Travis L. Gering, Jason M. Rimland and Luba Waeldner (Corporate). The seller was represented by Dentons US LLP and the financing institution was represented by Arent Fox LLP.

Wuersch & Gering Represents Scheuch Group in its Acquisition of the Camcorp Group

Wuersch & Gering represented Scheuch Group in its acquisition of the Camcorp Group (Camcorp Holdings, Inc., Camcorp, Inc., and Camcorp Manufacturing, Inc.), who focus on the creation of cutting-edge design and engineering approaches for industrial applications. Scheuch Group is a leading worldwide air and environmental technology company.  This acquisition marks Scheuch Group’s first acquisition in North America.Wuersch & Gering’s team included Daniel A. Wuersch, Jason Rimland and Luba Waeldner (Corporate), Thilo Agthe (IP), Sherica Bryan (Employment), and Maureen Monaghan (Tax). The seller was represented by Lathrop and Gage LLP.

Wuersch & Gering Represents ASH Group in its Acquisition of Meyer Products and Swenson Spreader

Wuersch & Gering represented ASH Group in its acquisition of Meyer Products LLC and Swenson Spreader LLC from the Louis Berkman Work Products Company LLC. ASH Group is a leading European manufacturer of ice and snow removal and street cleaning equipment with approximately $350 million in sales and 1,300 employees worldwide. This acquisition marks ASH Group’s strategic expansion into the North-American ice and snow management market.Wuersch & Gering’s team included Daniel A. Wuersch, Jason Rimland, Rowena Dungca and Luba Waeldner (Corporate), Thilo Agthe (IP), Sherica Bryan (Employment), Chris Carpentieri (Environmental), and Maureen Monaghan (Tax). The seller was represented by Squire Patton Boggs.

Wuersch & Gering Represents ARC Group and Quadrant Metals on its Acquisition of Advanced Forming.

Wuersch & Gering represented ARC Group Worldwide, Inc. (Nasdaq: ARCW) ("ARCW") and its wholly-owned subsidiary Quadrant Metals Technologies, LLC ("QMT") in ARCW's recent acquisition of Advanced Forming Technology, Inc. for $43 million in cash and convertible note, with acquisition financing of $25 million provided to QMT by T.D. Bank, N.A. 

Wuersch & Gering Advises Evatec on U.S. Part of its Acquisition of Oerlikon’s Advanced Technologies Segment

Wuersch & Gering Advises Evatec on U.S. Part of its Acquisition of Oerlikon’s Advanced Technologies Segment

Wuersch & Gering represented Evatec Ltd. in the acquisition of Oerlikon’s Advanced Technologies business in the United States.  This acquisition was part of Evatec’s acquisition of Oerlikon Group’s global Advanced Technologies business (http://www.evatecnet.com/about-us/news-archive/acquisition-of-oerlikons-advanced-technologies-segment).

 Wuersch & Gering’s team included Daniel A. Wuersch, Peter C. Noyes, Rowena Dungca (Corporate), Sherica Bryan (Employment), and Maureen Monaghan (Tax).

Wuersch & Gering Represents LGT Capital Partners in its Acquisition of Clerestory Capital Advisors

Wuersch & Gering LLP represented LGT Capital Partners in its acquisition of Clerestory Capital Advisors, a New York-based investment advisory firm focused on real estate funds, co-investments and secondary investments. 

Wuersch & Gering Represents ARC Group on its Acquisition of Quadrant Metals

Wuersch & Gering represented ARC Group Worldwide, Inc. (Nasdaq:  ARCW) in its recent acquisition of Quadrant Metals Technologies, LLC for $31.4 million in stock.