Proposed merger of Squire Sanders, Patton Boggs hits snag

por / Jueves, 22 mayo 2014 / Publicado enNoticias

General view of the front entrance for Patton Boggs LLC, in WashingtonThe fate of the proposed merger of law firms Patton Boggs and Squire Sanders appeared uncertain on Thursday after Squire Sanders halted voting on approving the tie-up. The deal was held up because of concerns over the role of Patton Boggs in a legal battle between Chevron Corp and a group of Ecuadorean villagers, a source close to the deal told Reuters. On Tuesday, partners from the 300-lawyer Patton Boggs voted on the proposed merger with the 1,300-lawyer Squire Sanders. The source said that Patton Boggs partners had voted to approve it.