O’Melveny Short-listed for “Competition Team of the Year” at Legal Business Awards 2010
Recognized for success for Advanced Micro Devices in antitrust complaint against Intel
FOR IMMEDIATE RELEASE
O'Melveny & Myers LLP
O'Melveny & Myers LLP
LONDON ― FEBRUARY 12, 2010 ―
O’Melveny & Myers LLP was among six finalists for “Competition Team of the Year” at the Legal Business Awards 2010
, held on 11 February at the Grosvenor House Hotel in London.
O’Melveny was selected on the basis of its tremendously successful work for Advanced Micro Devices, leading to the European Commission’s decision in May 2009 imposing a record-breaking €1.06 billion fine on Intel for its anti-competitive practices in the global x86 microprocessor market.
In selecting our team, the Legal Business judges commented “When O’Melveny took over AMD’s longstanding complaint of abuse of a dominant position against Intel, the case looked dead in the water. The input of Celli’s team led to a remarkable turnaround in fortunes for the client, and ultimately finished with the European Commission levying fines worth more than €1bn against Intel.”
Riccardo Celli, Head of O’Melveny’s European Antitrust and Competition Practice, commented: “After six years of hard work on behalf of AMD, we are very honored to be selected as a finalist for ‘Competition Team of the Year.’ This was a historic case and a game changer for the global IT industry, and we are proud to have been able to work with AMD to see the matter to its correct conclusion.”
In addition to Celli, O’Melveny’s team in Europe included partner Christian Riis-Madsen, counsel Giovanni Cifelli and Jochen Anweiler, and associates Philippe Noguès and Paolo Fucile.
O’Melveny also provided global advice to AMD, recently securing a US$1.25 billion settlement in the US — one of the largest settlements ever achieved in antitrust litigation by a single plaintiff— and Intel’s agreement to a series of game-changing reforms of its marketplace behavior and rights to Intel’s patent portfolio. Previously, the Japan Fair Trade Commission ruled in that Intel had violated Japan's competition laws; the Korean Fair Trade Commission issued a US$25 million fine against Intel for violations of Korean competition laws; and recently both the US Federal Trade Commission and New York Attorney General's office opened formal investigations into Intel’s practices. US and Asia-based partners leading the AMD team include Chuck Diamond, Linda Smith, Mark Samuels, Henry Thumann, David Herron, Bo Pearl, Michael Maddigan, Mike McGuinness, Ryan Yagura, Ted Hassi, Darin Snyder, David Beddow, Jon Hacker, and Nathan Bush.
O’Melveny was awarded the “Competition Team of the Year” in 2008 for its work for TUI AG in its merger with First Choice Holidays PLC, creating a world leading holiday company.
Legal Business is the market-leading monthly and its annual Legal Business Awards celebrate the very best in the legal profession. The “Competition Team of the Year” award is given to the team providing either the most impressive antitrust advice in a specific case, transaction or investigation, or the team that was most instrumental in steering a client through a regulatory minefield with high-level commercial advice.
About O’Melveny & Myers LLP
With approximately 1,000 lawyers in 14 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com
February 12, 2010