Cravath sued over role in Air Products' $5.1 bn Airgas bid

February 9, 2010 Industrial gas producer Airgas filed suit against Cravath, Swaine & Moore last Friday over the firm's role as legal adviser to rival Air Products and Chemicals on its $5.1 billion bid for Airgas.

Airgas has turned to takeover defense experts Daniel Neff and David Katz from Wachtell, Lipton, Rosen & Katz in a move to deflate the Air Products bid.

Air Products is represented by Jim Woolery and Minh Van Ngo of Cravath Swaine & Moore who just advised Affiliated Computer Services in its buyout by Xerox.

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