James Mccormick Webster III

Practice Details

• Firm Information
  Position

  Partner

  Firm Name

  Kellogg, Hansen, Todd, Figel & Frederick, P.L.L.C.
• Representative Cases & Transactions
  Cases

  Noteworthy Representations: Aribtration re 2003 NPM Adjustment . Lead trial counsel for the common interests of over 40 states
  territories in an arbitration against all the major tobacco companies. At stake were over a billion dollars in claims by the tobacco companies for adjustments of the settlement payments they made to the states in 2003 as a result of the 1998 global settlement agreement between the tobacco companies
  the states.
  BT Triple Crown Merger Co. v. Citigroup Global Markets, Inc., No. 09-600899 (N.Y. Sup. Ct.). Trial counsel for private equity funds in a multibillion-dollar breach of contract action against six prominent banks to force them to fulfill their commitment to finance a leveraged buyout of Clear Channel Commuincations. Shortly after trial commenced in 2008, the banks settled
  agreed to fund the transaction.
  GARCO Investments LLP, et al. v. Sprint Corporation, et al., Case No. 04CV01714 (Kan. Dist. Ct.)
  State of New Jersey
  its Division of Investment, v. Sprint Corporation, et al., Case No. 03-2071-JWL (D. KS.). Lead counsel for the former CEO
  COO of Sprint Corp., in a series of federal
  state cases asserting claims against them for securities fraud
  breach of fiduciary duty. Secured dismissal of all claims.
  Coleman Holdings, Inc . v. Morgan Stanley, Inc., Case No. CA 03-5045 AI (Fla. Cir. Ct.). Three days before trial commenced in 2005, Mr. Webster replaced prior defense counsel
  assumed responsibility for trying multibillion-dollar claims against Morgan Stanley. All claims were dismissed pursuant to directed verdict.