m law group advises Avid Technology, Inc. in sale of PCTV business
Avid Technology, Inc., world leader in digital media
production solutions, headquartered in Tewksbury, Massachusetts, and its German
subsidiaries sold Avid’s PCTV business to Hauppauge Digital, Inc, headquartered
in Hauppauge, New York, effective December 24, 2008. Element of the transaction
was the partial transfer of Avid’s R&D center in Braunschweig to Hauppauge.
m law group advised Avid in all labor and employment law aspects of the transaction.
Counsel to Avid:
m law group: Manfred Schmid (Lead, Labor and Employment), Axel A. Heltzel (Labor and Employment).
WilmerHale, Palo Alto, Berlin: Joe Wyatt (Lead, Corporate), Jutta von Falkenhausen (Corporate).
Counsel to Hauppauge:
Dr. Klaus Becker, Düsseldorf (Labor and Employment)
Certilman Balin Adler & Hyman, East Meadow, New York: Steven J. Kuperschmid (Lead, Corporate)