Intel Reaches Agreement With Activist Investor Third Point

Paul, Weiss advised Intel Corporation in its engagement and subsequent settlement with activist investor Third Point LLC. Third Point, the hedge fund led by Dan Loeb, had urged Intel's board of directors to hire an investment adviser to explore strategic alternatives, and threatened to launch a proxy fight.

The Paul, Weiss team included corporate partners Laura Turano, Scott Barshay, Jeffrey Marell, Steven Williams, Manuel Frey and John Kennedy, and counsel Jason Tyler and Patricia Vaz de Almeida; tax partner Robert Holo; litigation partners Jaren Janghorbani, Jeannie Rhee, Lewis Clayton and counsel Steven Herzog; intellectual property partner Jonathan Ashtor; executive compensation partners Jarrett Hoffman and Jean McLoughlin; and antitrust counsel Yuni Sobel and Marta Kelly.