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government & law: news
Summary Professionals Matters News Events Publications
Media Mention

Consultants Corner
April 7, 2014 -- NY1 News
Kevin Fullington appeared on the Consultants Corner segment of NY1 News’ Inside City Hall, discussing Mayor Bill de Blasio’s first 100 days and the prospect of Governor Andrew Cuomo facing opposition from the left during the 2014 election race.
Media Mention

Sweet: Domino Sugar Deal Done. Sour: Smaller Victory than Touted
March 10, 2014 -- Crain’s New York Business
Mitch Korbey is quoted in the Crain’s New York Business article “Sweet: Domino Sugar Deal Done. Sour: Smaller Victory than Touted.” In the article, local real estate leaders analyzed the de Blasio administration’s recent compromise with Domino Sugar developer Two Trees, which Mitch hailed as “an example of an administration anxious to have a dialogue.”
Media Mention

Consultants Corner
March 3, 2014 -- NY1 News
Kevin Fullington appeared on the “Consultants Corner” segment of NY1 News’ Inside City Hall, discussing Mayor de Blasio's decision regarding city charter schools and Governor Andrew Cuomo's new campaign ads.
Press Release

Herrick Names Seven New Partners
January 6, 2014
Herrick, Feinstein LLP announced today that the firm has named seven new partners in a range of key practice areas, effective January 1, 2014.
Media Mention

Real Estate Regulation and Legislation to Watch in 2014
January 1, 2014 -- Law 360
Herrick Government Relations Group co-chair Kevin Fullington was quoted in the Law 360 article "Real Estate Regulation and Legislation to Watch in 2014." In the article, Kevin discusses affordable housing policy changes in New York City that could significantly impact the real estate community — one of the city's largest sources of city revenue — both directly and indirectly.
Media Mention

Lines Blur When Lobbyists Invest in Industries They Represent
December 26, 2013 -- The Wall Street Journal
Herrick Corporate Department Co-Chair Irwin A. Kishner was quoted in the Wall Street Journal article "Lines Blur When Lobbyists Invest in Industries They Represent." In the article, which reports on the laws and regulations concerning political lobbyists' use of market-moving information, gleaned from government sources, Mr. Kishner says, "it is illegal to make trades based on information from a company, but it can be entirely legal if you trade on information from the government. Clearly, that's a window that needs to be shut.”
Media Mention

Michael McMahon Authors The Hill Article "Azerbaijan Election Was Fair, Well-Organized and Transparent"
October 25, 2013
Herrick Government Relations Co-Chair Michael McMahon authored The Hill article “Azerbaijan Election Was Fair, Well-Organized and Transparent.” Mr. McMahon, a former U.S. Congressman, served as a member of the American Observers Group, which observed and monitored Azerbaijan’s presidential election as part of a large international team of 500 invited by the Central European Group for Political Monitoring. The 48-member American Observers Group included former Members of Congress, business leaders and heads of non-profits and non-governmental organizations.
Media Mention

POLITICO Reports on the Opening of Herrick's New Washington, D.C and Istanbul, Turkey offices.
October 23, 2013
POLITICO reports on the opening of Herrick's new offices in Washington, D.C and Istanbul, Turkey.
Media Mention

Michael McMahon Quoted in The New York Times Article "Observers Differ on Fairness of Election in Azerbaijan"
October 10, 2013
Herrick Government Relations Co-Chair Michael McMahon was quoted in The New York Times article “Observers Differ on Fairness of Election in Azerbaijan.” Mr. McMahon, a former U.S. Congressman who was invited to serve as an election monitor by the Central European Group for Political Monitoring, was quoted as saying “there were much shorter lines than in America,” adding that the vote was “honest, fair and efficient.”
Press Release

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Former U.S. CFTC Commissioner Jill E. Sommers Gives Keynote Address at Herrick's Seventh Annual Capital Markets Symposium
October 2, 2013
Herrick held its seventh annual Capital Markets Symposium today, featuring a keynote address by former commissioner of the U.S. Commodity Futures Trading Commission, Jill E. Sommers.
Press Release

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Herrick, Feinstein Tapped by Republic of Turkey as Counsel for Development of New Turkish Center in New York City
September 12, 2012
Herrick, Feinstein LLP is proud to have been selected by The Republic of Turkey to represent it on all aspects of the development and construction of a new and expanded Turkish Center at 46th Street and 1st Avenue, across from the General Assembly of the United Nations.
Media Mention

Have You Heard? Duprees Singer's Suit Over Group's Name Is Thrown Out.
March 28, 2012 -- New Jersey Law Journal
Barry Werbin is quoted and Herrick’s win in federal court in New Jersey is noted in this article. A federal judge in New Jersey granted judgment to our client, the Estate of Michael Arnone, in a case that challenged the registered trademark ownership and rights of our client to use or license the name of The Duprees. The group, one of the world’s leading doo-wop groups, tours to this day and generates royalties. The judgment likely brings to a close the six-year dispute over the rights to the name and rejects the notion that early members of a band can use the group’s name if they leave the band without securing an agreement to the contrary or a license.
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A New Resource from the ABA White Collar Crime Committee
March 6, 2012 -- Corporate Counsel
This article notes that the White Collar Crime Committee of the ABA’s Business Law Section, which David Rosenfield chairs, has begun publishing a thrice-yearly newsletter that will cover the latest trends in how white collar crime affects businesses.
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Barneys New York back in hot water: The luxury retailer has reportedly retained bankruptcy counsel
February 8, 2012 -- Crain's New York Business.com
Paul Rubin notes and helps analyze the prognosis for Barneys, the troubled retailer that had sought bankruptcy protection years earlier. Paul says the fact that Barneys has retained bankruptcy counsel is not necessarily a death knell nor an absolute indication it will seek Chapter 11 protection again, but certainly is a sign that not all is well. Paul says further that even if no bankruptcy filing becomes necessary, Barneys was smart to retain counsel to weigh its option, and that the company’s woes should come as no surprise to vendors’ credit managers.
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Former Prosecutor Rosenfield on Insider Trading Arrests
January 18, 2012 -- Public Broadcasting System's Nightly Business Report
In a live interview on the evening's lead story, David Rosenfield discusses the filing of criminal insider trading charges by the Department of Justice against a number of people who had managed now-defunct hedge funds, and the SEC’s civil charges against the fund managers and two of the now-defunct funds. David notes that the charges were brought a year after a number of FBI raids, and he opines that the Department of Justice and SEC are looking to bring additional insider trading cases.
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Javits' end promises new dawn for W. Side
January 8, 2012 -- Crain’s New York Business
Mitch Korbey examines Governor Cuomo’s vision of building a new convention center in Queens, razing the Javits Center on the far west side, and replacing it with a mixed-use, transformative development. He notes that environmental review and zoning changes could take three or four years, and that transforming the entire West Side neighborhood around the Javits Center could take that many decades.
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Six Questions for Herrick, Feinstein’s Eldad Gothelf
January 2, 2012 -- GlobeSt.com
Eldad Gothelf says that decisions about zoning and planning in New York City must keep in mind at least one -- and preferably more -- of the overlapping, interwoven key factors of density, sustainability and affordability. Eldad makes these points in a Q & A that followed his publishing a commentary piece attached to the 50th anniversary of the city's zoning resolution.
Media Mention

Diamond dealer sues two Belgian banks
December 23, 2011 -- Financial Times
Our RICO complaint -- on behalf of our client, the diamond dealer Lazare Kaplan (LKI), against two Belgian banks -- is noted here. LKI alleges that the banks stole $135 million worth of diamonds by passing the money through a number of shell companies overseas. The article quotes heavily from our complaint and notes that Lazare Kaplan seeks $500 million in lost proceeds and consequential damages. Under our complaint, which alleges racketeering and money laundering, a court could treble the damages.
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Density, Sustainability, Affordability
December 21, 2011 -- GlobeSt.com's CityViews
Eldad Gothelf says that decisions about zoning and planning in New York City must keep in mind at least one -- and preferably more -- of the overlapping, interwoven key factors of density, sustainability and affordability. Eldad makes these points in a Q & A that followed his publishing a commentary piece attached to the 50th anniversary of the city's zoning resolution.
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Consultants Corner
December 12, 2011 -- NY1
Kevin Fullington appears on a panel to discuss how the Republican presidential primary race is shaping up, as well as pending legislation that would allow livery cabs to pick up fares in the outer boroughs.
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Receiver tapped for 36 West Side apt. buildings
December 9, 2011 -- Crain's New York Business.com
Ray Hannigan contends that by filing a foreclosure action on a 36-property portfolio of apartment houses owned by Pinnacle Group and the Praedium Group, our client, Dune Real Estate Funds, is simply seeking to be repaid the money it is owed or bring the foreclosure to completion. The debt accrued as a result of a loan modification.
Media Mention

Law Firm Ruden McClosky Makes Bankruptcy History With Sale
December 6, 2011 -- Dow Jones Daily Bankruptcy Review
Paul Rubin is quoted in this account of a struggling, but operating, Florida law firm that sold itself to another firm in a bankruptcy context -- apparently the first-ever sale of an operating firm under Chapter 11 protection. The firm sold itself in an auction to the highest bidder, and Paul says so-called 363 sales can make sense because they tend to enable the sale of businesses as going concerns, which, in turn, preserves jobs and benefits creditors. Paul notes that buying and selling assets in a bankruptcy setting can give comfort to buyer and seller because 363 sales come with a judicial finding that there has been a reasonable opportunity to market the assets and that the terms of the sale are fair and reasonable. That helps prevent later claims by disgruntled creditors.
Media Mention

Legal Mechanics of Converting a Hedge Fund Manager to a Family Office
December 1, 2011 -- The Hedge Fund Law Report
Irwin Latner looks at legal, regulatory, practical and operational reasons that a hedge fund might consider converting to a family office. Irwin says that by restructuring as family offices, the funds can avoid registration in general plus ominous reporting requirements. Irwin adds that managing so-called family money tends to be less stressful than managing capital invested by arms-length investors, which holds particular appeal to previously successful managers who are struggling with unfavorable macro-economic forces.
Media Mention

NYC, Owners of SRO Buildings Reach Settlement Over Residency
November 30, 2011 -- New York Law Journal
Scott Mollen is quoted and Jack Sheridan mentioned in this story, which notes that out client, an Upper West Side building known as the Montroyal, was among several properties that agreed as part of a settlement to rent units only to permanent residents, not transients and tourists. The settlement, which included no admission of liability, ended four years of litigation and was based largely on an amendment to the Multiple Dwelling Law that the state legislature passed.
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Park51 developer Sharif El-Gamal gets more time to catch up on back rent to Con Edison
November 30, 2011 -- New York Daily News
Scott Mollen's representation of Consolidated Edison is noted in this story. Scott argued that Con Ed's tenant, who is in arrears on his rent, does not appear to have the wherewithal to bring himself current on what he owes. Scott also pointed out that the tenant is behind on his property taxes on a nearby property and is a defendant in two civil cases in which banks claim he owes them money.
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American Airlines' Last-Mover Disadvantage
November 30, 2011 -- Bloomberg Businessweek
Stephen Selbst notes that all the major airlines -- except American -- reduced their wage-and-benefit costs years ago by having sought bankruptcy protection. Stephen says American and its parent company should have filed half a decade ago, on the heels of filings by Delta and Northwest. By filing now, after its competitors strengthened themselves by lowering direct and indirect employment costs, a bankrupt American is facing stronger competition.
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American Airlines files for bankruptcy
November 29, 2011 -- Thomson Reuters News & Insight
Stephen Selbst ventures that the American Airlines Chapter 11 filing is short on specifics as to wage-and-benefit issues because the airline -- and its parent company, which also sought protection -- are negotiating those issues with the unions and don't want to jeopardize those talks.
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Analysis: AMR bankruptcy clouds Boeing jet order
November 29, 2011 -- Reuters
Stephen Selbst says American Airlines' $40 billion order for new jets might be imperiled by the airlines' filing for Chapter 11 protection. The bulk of the order went to Boeing, with Airbus getting a smaller slice. Stephen says that American may want to shrink its overall operation -- including the size of its fleet -- which could shrink the size of its order or at least cause the airline to re-trade the contract with Boeing. In the meantime, he says, American's fleet is among the least fuel-efficient in the industry. And he questions whether a bankruptcy judge will authorize a major purchase before the airline files a formal reorganization plan.
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Judge blocks eviction of Ground Zero mosque: A judge ruled that landlord Consolidated Edison cannot boot the Park51 Community Center from its home over $1.7 million in back rent. The ruling gives the developer 20 days to pay up.
November 29, 2011
Scott Mollen's representation of Consolidated Edison in a rent dispute with a tenant in a Con Ed-owned building is covered here. The story notes that although a Manhattan judge enjoined Con Ed from evicting Park51 Community Center -- better known as the Ground Zero mosque -- from Con Ed-owned property, he ordered that the tenant increase its bond securing back rent almost nine-fold and allowed our client to increase the monthly rent by more than double. The judge did not decide whether Park51 owes $881,000 in back rent, as the tenant claims, or $1.7 million, as we claim on Con Ed’s behalf.
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American Airlines files for bankruptcy
November 29, 2011 -- Thomson Reuters News & Insight
Stephen Selbst says the Chapter 11 filing by American Airlines and its parent company, AMR Corp., is light on details about how the company will seek to lower its wage-and-benefit costs. That lack of specificity is probably because the company is negotiating with its unions about wage and pension issues and does not want to disturb those talks, says Stephen, who has worked on a number of airline bankruptcy filings from a variety of perspectives.
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Corruption Case Against Developer Is to End
November 23, 2011 -- The New York Times
Scott Mollen is quoted and Steven Feldman mentioned in this story, which describes how they helped convince the U.S. Attorney's Office to drop charges against our client, the developer Aaron Malinsky, who had been indicted on corruption charges as part of the case against State Senator Carl Kruger. If Malinsky avoids legal trouble for six months, the charges will be dismissed with prejudice.
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Time might be on the side of NBA players
November 22, 2011 -- Sports Business Journal
John Goldman predicts that if labor-related anti-trust litigation between NBA players and the league does not settle, the outcome will not be known for several years. The article says the NBA players may have a stronger case against the league than NFL players would have had against their league. The NBA players' union disbanded, and the players formed a trade association, allowing them to allege that the league violated anti-trust laws.
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Con Ed wants to evict Ground Zero mosque developer over $1.7M back rent
November 17, 2011 -- New York Post
Scott Mollen is quoted in this story, which describes our representation of Con Edison in the utility's attempt to evict the would-be developer of a controversial community center and mosque near Ground Zero. Through Scott, Con Ed argues in court that Sharif el-Gamal cannot pay the $1.7 back rent that Con Ed alleges he owes.
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Debts of Defunct Law Firms Haunt Partners in Next Job
November 7, 2011 -- The Wall Street Journal
Paul Rubin examines the demise of a number of well-established, respected national and international law firms and the related issues of what happens to the assets and receivables of the failed firms. Paul analyzes why the receivables and assets are typically insufficient to pay the demised firms’ debts, and the strategies of bankruptcy trustees for the estates of the firms to maximize recoveries for creditors.
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The Unfinished Business of Law Firm Collapses
November 7, 2011 -- The Wall Street Journal's Law Blog
Paul Rubin discusses what happens to the assets and receivables of law firms that dissolve, as a number of high-profile firms have done in recent times. He analyzes why the receivables and assets are usually not sufficient to pay the demised firms’ debts, and the strategies of bankruptcy trustees for the estates of the firms to maximize recoveries for creditors.
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Recruiting rivals should beware bankrupt firms' unfinished business
November 7, 2011 -- Thomson Reuters News & Insight's Law Blog: Summary Judgments
As an increasing number of prominent law firms dissolve under federal bankruptcy laws, other law firms should take care in recruiting attorneys from the demised firms, according to this blog posting. Herrick bankruptcy partner Paul Rubin analyzes the strategies and tactics employed by bankruptcy trustees for the demised firms who, seeking to maximize those estates' assets to pay creditors, are sometimes suing the attorneys' new firms under the unfinished business doctrine.
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The Spirit of Milton Mollen: With City’s Legal Luminaries in Attendance, Brooklyn Appellate Court Presents Inaugural ‘Mollen’ Awards
November 3, 2011 -- Brooklyn Daily Eagle
Herrick counsel Milton Mollen, former presiding judge of the Appellate Division's Second Department, was honored by the establishment of the Milton Mollen Commitment to Excellence Award, to be given to the Second Department employees who professional activities and demeanor most closely mirror that of the retired judge. Political and legal luminaries toasted Judge Mollen at a ceremony at the Second Department courthouse in Brooklyn, where the first awards were conferred.
Media Mention

NFL, union still fighting workers' comp battle
October 31, 2011 -- Sports Business Journal
Irwin Kishner says the NFL appears to be correct in insisting that New Orleans Saints players who signed contracts with clauses that call for them to file workers' compensation claims in Louisiana -- not California -- adhere to the terms of the contract. The dispute is headed for arbitration, with the players hoping to file their claims in the friendlier confines of the California workers' compensation system. This story notes that Irwin wrote an article on this very topic a year ago.
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Trustees Of Defunct Law Firms Chase Former Partners’ Profits
October 21, 2011 -- Wall Street Journal Law Blog and Dow Jones Daily Bankruptcy Review
Paul Rubin is quoted regarding issues surrounding efforts of bankruptcy trustees representing the estates of dissolved law firms to invoke the unfinished business doctrine in order to maximize the size of those estates.
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True to Mailer’s Life, a Brawl Over the Sale of His Brooklyn Heights Apartment
October 19, 2011 -- The New York Times
Our client's lawsuit against the estate of Norman Mailer, in which we seek the return of our client's $200,000 deposit on a co-op unit in Brooklyn where Mailer had lived, is reported here. Bill Fried is quoted as saying that our client wants his deposit back because the seller cannot prove that significant alterations to the unit were done lawfully.
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Second Department Creates Milton Mollen Award
October 14, 2011 -- New York Law Journal
This article notes the establishment of the Milton Mollen Commitment to Excellent Award, to be given annually to deserving Second Department employees whose attributes most closely mirror those of Judge Mollen. The articles names the first seven winners and notes that the initial awards will be presented Nov. 2 at a ceremony in the Appellate Division courthouse in Brooklyn.
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Rajaratnam's Insider Trading Sentence
October 13, 2011 -- Public Broadcasting System's Nightly Business Report
David Rosenfield says the sentence of 11 years in prison that convicted insider trading defendant Raj Rajaratnam received is likely to deter other Wall Street traders who are contemplating violating securities laws. This segment notes that the sentence was a record for an insider trading case, but significantly less than what the prosecution had requested. To see David's segment, fast forward to the 5:23 mark.
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Weary Herakles statue returns home with Erdogan
September 25, 2011 -- Today's Zaman
Lawrence Kaye and Herrick are mentioned for having successfully engineered the return to Turkey of a $1.5 million statue known as Weary Herakles. The statue, which was smuggled from Turkey in the Eighties, had been in the possession of a Boston museum.
Media Mention

Landlord Is Ordered to Pay Fees of Tenant Who Averted Eviction
September 20, 2011 -- New York Law Journal
Scott Mollen analyzes a recent New York State appellate decision that clarifies when a tenant who prevails in litigation may recover legal fees under the state's real property laws. Even though this decision held that the landlord had to pay the tenant's legal fees, Scott says the decision helps landlords and tenants by clarifying the larger issue of when tenants may recover fees.
Media Mention

Regulators Eye Chinese Wall for Reverse Mergers
September 13, 2011 -- Compliance Week
Irwin Kishner notes that the major stock exchanges' regulations regarding companies that want to go public in the U.S. via a reverse merger are attributable to some highly publicized frauds and collapses of share prices among Chinese companies that employed reverse mergers. The major exchanges now require companies that want to go public via reverse mergers to to file annual reports with the SEC, list for at least a year on a regulated exchange and maintain a minimum share price.
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Consultants Give Mixed Grades For Weprin’s Campaign
September 12, 2011 -- NY1's Inside City Hall -- Consultants' Corner
The night before a special election to fill an unexpired Congressional seat, Kevin Fullington gives David Weprin's (ultimately unsuccessful) campaign a B+ grade and says Weprin's slip in the polls was largely attributable to constituents' unhappiness with the Obama administration.
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Sbarro, creditors agree on auction plan
September 7, 2011 -- Thomson Reuters News & Insight
Our representation of creditors who originally objected to Sbarro's plan to sell itself out of bankruptcy but ultimately settled with the pizza chain is noted in this story. Stephen Selbst and Joshua Angel represented noteholders who objected to Sbarro's original plan to emerge but agreed to terms once Sbarro altered auction procedures.
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Eric Schneiderman: the new (ex-deputy) sheriff in town -- After seven months, NY's new Attorney General is winning over some skeptics, but enraging others
September 1, 2011 -- The Real Deal
Douglas Heller looks at the early days of Eric Schneiderman's tenure as New York's attorney general from a commercial real estate perspective. Doug says Schneiderman is counter intuitively positioned to be a better attorney general than his two predecessors, both of who had strong ties to the real estate industry, because he might feel less conflicted about investigating rogues.
Media Mention

Stock scam ensnares attorneys
August 29, 2011 -- The National Law Journal
Arthur Jakoby's representation of a former attorney who pleaded guilty to a charge of obstruction of justice, in a larger securities case in that involved manipulation of stock prices, is noted here. The article also notes that Arthur is co-chair of the firm's securities and commodities litigation and regulatory practice group.
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Art in the Crossfire: A Jewish Sect’s Claims Have Led to a U.S.-Russia Embargo
August 16, 2011 -- The New York Observer
Howard Spiegler and Charles Goldstein, in his role as counsel to the Commission for Art Recovery, are quoted in this article, which examines how Chabad, a Brooklyn-based Jewish sect, is claiming to be the rightful owner of art, book and manuscripts that Russian possesses. The article notes that the dispute has led to a diplomatic strain between the U.S. and Russia, particularly as it relates to loans of artwork. The article refers to Herrick as an "art law powerhouse."
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40 Under 40
August 15, 2011 -- New Jersey Law Journal
Jaimee Katz Sussner is named one of New Jersey's pre-eminent and most promising attorneys younger than 40 by virtue of being selected to the New Jersey Law Journal's 40 Under 40 list. The item notes Jaimee's various litigation successes, including prevailing in one matter before the state Supreme Court. It also mentions her prowess title insurance litigation and commercial real estate litigation.
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Heir Awarded $1.43 Million by Hague for Goering-Looted Part of Old Master
August 15, 2011 -- Bloomberg News
Our representation of the heir of a Jewish art dealer whose gallery was looted by the Nazis, and the heir's $1.43 million settlement with The Hague city government, are noted. Our client, Marei von Saher, daughter-in-law to and heir of Jacques Goudstikker, entered into the settlement concerning the Jan Steen painting, “The Wedding Night of Tobias and Sarah," which hangs in the Bredius Museum in The Hague. The painting had been split into segments, with The Hague owning one segment, before being reunited by restorers in 1996, and the settlement allows the painting to remain as one work.
Accolade

Therese Doherty Appointed Member of New York City Bar Association’s Committee on Futures and Derivatives Regulation
August 10, 2011
Therese Doherty is appointed as a new member of the New York City Bar Association’s Committee on Futures and Derivatives Regulation. Therese will serve a three-year term, working with other leading lawyers on trading issues and the regulation of futures contracts and over-the-counter derivatives products. We congratulate Therese on joining this prestigious committee, whose published comments on legal and regulatory developments often have a significant impact on the financial markets.
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Consultants Corner Discussion On Debt Ceiling And 2012 Election
August 1, 2011 -- NY1's Inside City Hall
Government relations attorney Kevin Fullington analyzes the debt ceiling debate and topics related to New York City government and politics on this taped broadcast.
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Toto, I've a feeling we're not in the public domain anymore
July 13, 2011 -- Thomson Reuters News & Insight
Barry Werbin weighs in on the possibility of appeal from or en banc reconsideration of a complex Eighth Circuit decision regarding rights to publicity photos shot on movie sets, based on the 1909 Copyright Act. This article notes that Barry is chair of the New York City Bar Association's copyright committee and mentions his view that portions of the plaintiff-friendly decision might be ripe for appeal, but that en banc reconsideration is unlikely, given the absence of a dissenting opinion from the three-judge panel.
Media Mention

Insurers Settle Lazare Diamond Coverage Row For $32M
July 6, 2011 -- Law360
Our representation of Lazare Kaplan International is noted in this article, which reports LKI's settlement with American and British insurance carriers. According to LKI's mandatory 8K filing, the $32 million is on top of the approximately $28 million that Herrick obtained for LKI from insurers prior to commencement of the lawsuits, thus bringing the total recovery to more than $60 million for losses stemming from the theft of LKI's diamonds. The story names Chris Sullivan and Jason D'Angelo as counsel to LKI.
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Bad Boy of Wall Street
June 30, 2011 -- CNBC's Kudlow and Company
Steven Feldman tells a network audience that it is generally risky for criminal defendants to speak publicly about the charges against them, lest they say something that could hurt them at trial. He acknowledges, however, that defendants have multiple interests and agendas, including earning an income, which could explain why a defendant in a securities fraud case is pitching his life story -- centered on the criminal case -- as a reality television show of which he would be the star.
Media Mention

Labor sides find 'deadline' in 8th Circuit ruling
June 20, 2011 -- Sports Business Journal
Analyzing the labor dispute between the NFL and the players' union, John Goldman says the Eighth Circuit U.S. Court of Appeals' stay of a lower-court ruling amounts only to the equivalent of an advisory opinion. John makes his observation in this article, which describes how the two sides are trying to hammer out a new collective-bargaining agreement before the appellate court rules on a key lockout issue.
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Recent Trillion-Dollar Filings Suggest Weakness In SEC System
June 16, 2011 -- Wall Street Journal.com
Corporate partner Stephen Fox, who represents public companies in SEC filings issues, and litigation partner Steven Feldman, who handles white collar criminal and securities matters, are quoted in this article, which describes how a Texas man filed apparently false documents with the SEC that purported to indicate that he held trillions of dollars worth of stock shares. In some cases, the filings -- if true and accurate -- would have meant that he held more shares than the issuing company had issued. Stephen Fox describes public company filings, and Steven Feldman describes possible civil and criminal liability. A different version -- also quoting both Herrick attorneys -- ran on the Dow Jones Newswire.
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Thousands of N.J. groups stripped of tax-exempt status
June 12, 2011 -- Newark Star-Ledger
Gary Young analyzes why nearly 8,000 tax-exempt New Jersey entitites lost that status and how they can reclaim it, in this story, which notes that Gary has formed numerous not-for-profits and represents a major one -- the New Jersey Restaurant Association. The story also points out that many of the groups that lost their tax-exempt status were no longer operating anyway.
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Underwriter Says Title Insurer Swiped Millions
June 3, 2011 -- Courthouse News Service
Our representation of WFG National Title Insurance Co. is noted in this story, which mentions that Arthur Jakoby is counsel to WFG in its action against TitleServ, one of the largest title agencies in the country. WFG alleges that TitleServ allegedly stole $7.9 million from customers' escrow funds.
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Rajaratnam verdict may mean more Wall St. crackdowns: Much will depend on the outcome of similar cases working their way through the courts
May 11, 2011 -- MSNBC.com
Shortly after a federal jury convicted trader Raj Rajaratnam on all 14 counts of insider trading, Steven Feldman says traders and funds are taking seriously the government crackdown on insider trading. Based on a number of search warrants that have been executed in matters that have not yet resulted in charges, Steve predicts that more criminal insider trading charges lie ahead for Wall Street.
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Rajaratnam convicted on all counts
May 11, 2011 -- CNBC
Minutes after a federal jury convicted trader Raj Rajaratnam on all 14 insider trading-related counts, Steven Feldman appears live on this extended segment. Steve discusses the government's growing interest in insider trading prosecutions, funds' reactions, and the effect of the guilty verdict on Wall Street. To see Steve's portions of this segment, go to the 4:50, 8:28, 12:08, 16:15, and 23:30 marks.
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Galleon's Rajaratnam convicted on all counts
May 11, 2011 -- CNBC
David Rosenfield tells a live network audience that the government scored a huge win in getting convictions on all 14 counts related to Raj Rajaratnam's trading activities. David says that based on the convictions, he envisions more insider trading cases, more use of wiretaps in financial investigations and an empowered and energized Department of Justice. He adds that traders should avoid talking to employees of companies -- making their trading decisions on information already in the public domain -- or, at the very least, to use extreme caution when having those discussions and acting on information gleaned. To see David's portions of this segment, go to the 0:35 and 6:45 marks.
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What Rajaratnam's conviction means to Wall Street
May 11, 2011 -- Public Broadcasting System's Nightly Business Report
Steven Feldman tells a live nationwide audience that the conviction of Galleon manager Raj Rajaratnam is a huge win for the Department of Justice, and that traders are already modifying their behavior as a result of the fervor with which the government pursued Rajaratnam. This story led the broadcast; to skip to Steve's portion, go to the 2:44 mark.
Media Mention

Too Early To Rule On Diamond Coverage Row, Judge Says
5.11.11 -- Law360
This story notes our representation of Lazare Kaplan International in an insurance coverage litigation, in which LKI is suing for coverage over the disappearance of $135 million worth of diamonds. Despite having directed LKI and the insurance carriers to file motions for summary judgment, a federal court judge denied those motions as premature, but the judge generally adopted our view of the case, which was brought by Christopher Sullivan and Jason D'Angelo.
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Making a last stand in SoHo
May 8, 2011 -- New York Post
Barry Werbin describes our partition action, in Manhattan Supreme Court, on behalf of a consortium that owns the majority of one of SoHo's last undeveloped parcels. Barry describes how our clients -- all senior citizens -- want to sell the property to enjoy the fruits of the sale during their lifetimes.
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If Mortgage Fraud Was Rampant, Why Aren't Criminal Charges?
May 6, 2011 -- Fox Business.com
David Feuerstein says the Department of Justice filed a civil action -- but not criminal charges -- against Deutsche Bank in connection with the residential mortgage meltdown as a result of the higher burden of proof in criminal cases, the government's failure to convict Bear Stearns executives in an earlier criminal case, and Deutsche's possible defenses. Those defenses, David says, could include the possibility that mortgage brokers and borrowers provided the bank with false information.
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Justice Department Sues Deutsche Bank AG (NYSE: DB) for 'Reckless Lending'
May 5, 2011 -- Money Morning
Analyzing the federal government's civil suit against Deutsche Bank, which alleges it defrauded the FHA by making FHA-backed residential mortgage loans to people who were not eligible, David Feuerstein suggests the government would have filed criminal charges if it were more confident in its case. He notes that the statute under which the suit was filed, the False Claims Act, allows for either criminal or civil litigation, or both.
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Have lying mortgage bankers met their match?
May 4, 2011 -- CNNMoney.com
David Feuerstein casts skepticism on the strength of the government's civil suit against Deustche Bank -- filed as a result of the mortgage meltdown -- and suggests that if the Department of Justice had a stronger case, it might have filed a criminal action.
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SEC Reviews Examiner Credentials
May 4, 2011 -- Hedge Fund Alert
In an article that describes how the SEC is considering instituting a certification process for its examiners who deal with managers of hedge funds, Irwin Latner notes that the quality of examiners has increased over the last year and a half. He adds, however, that because it is dealing with a sophisticated, well-financed industry, the SEC is typically playing catch-up and "fighting yesterday's battles."
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Judge's decisions on evidence may figure in NFL appeal
May 2, 2011 -- Sports Business Journal
John Goldman says a federal judge's decision to recognize the validity of the NFL players' union's decertification imperils collective bargaining in the professional sports world. He says that fairness to the NFL -- and pro sports leagues in general -- dictates that the union should be held to a higher standard than "simply [saying] 'we don't want to do this.'"
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Welcome Mr. Congressman
April 27, 2011 -- Legal Bisnow
Mike McMahon's arrival at Herrick and work in Congress and the New York City council are profiled. This item notes that Herrick is the only firm in New York with two former members of Congress, and that Mike's government relations-centric practice will touch on the real estate, financial services, transportation and environmental sectors and will focus on infrastructure issues, among others.
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Eagle of Justice
April 18, 2011 -- Legal Bisnow
This online publication covering the legal profession profiles Elizabeth Holtzman and examines her career -- as Brooklyn District Attorney, New York City Comptroller, and four-term member of Congress -- and her current events as co-chair of our government relations practice. This item notes that she has been a leading activist on issues relating to the deportation of Nazis and is lobbying for legislation that would allow women with genetic diseases, such as breast cancer, to have access to genetic testing without the risk of infringing on patents.
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Zoning Laws May Be Dated; Call for Change as Resolution Turns 50
April 18, 2011 -- The Wall Street Journal
As New York City's zoning resolution turns 50 and some call for a thorough overhaul, Eldad Gothelf says the resolution is dense and layered because it must be, given the variety and number of buildings and neighborhoods.
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Inside City Hall
April 14, 2011 -- New York 1
Michael McMahon appeared on the NY1 show “Inside City Hall” to discuss the federal budget.
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Morning Show with Ron Daniels
April 14, 2011 -- WWRL
Michael McMahon did a live radio interview to discuss the federal budget. He appeared alongside fellow former Congressman Joseph Sestak.
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News In Brief
April 11, 2011 -- New York Law Journal
Michael McMahon's arrival at Herrick is noted in the New York Law Journal article "News In Brief."
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Herrick Snags Ex-NY Rep. For Gov't Relations Group
April 7, 2011 -- Law 360
Michael McMahon's arrival at Herrick is noted in "Herrick Snags Ex-NY Rep. For Gov't Relations Group," which ran in several Law 360 publications.
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Former Staten Island Rep. Michael McMahon joins Herrick, Feinstein law firm
April 7, 2011 -- silive.com, the Staten Island Advance's on-line edition
The arrival at Herrick, Feinstein of Michael McMahon, who represented Staten Island in Congress -- and earlier on the New York City Council -- is noted here. The story also notes that Kevin Fullington, former counsel to former Staten Island councilman James Oddo and Mayor Bloomberg's former liaison to the city council, is co-chair of the firm's government relations practice group. It also mentions that, together with Elizabeth Holtzman, Mike makes Herrick the city's only law firm with two former members of Congress.
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Former NY Rep. Michael McMahon Joins Law Firm
April 6, 2011 -- Daily Politics, the on-line blog of New York Daily News
Michael McMahon's arrival at Herrick, Feinstein, where he will practice in the government relations group alongside fellow former member of Congress Elizabeth Holtzman and former mayoral liaison to the New York City Council, Kevin Fullington, is noted here. This item also points out that Herrick is the only New York City law firm with two former U.S. representatives on its roster of attorneys.
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Where Are They Now?
April 6, 2011 -- City Room, the blog of The New York Times
Michael McMahon's arrival at Herrick -- where he joins Kevin Fullington, former mayoral liaison to the City Council, and fellow former U.S. Representative Elizabeth Holtzman -- is noted here. The story notes that Herrick is apparently the only New York City law firm with two former members of Congress among its attorneys, and notes that Mike McMahon will be practicing in our government relations group.
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Mike McMahon Gets A New Gig
April 6, 2011 -- The New York Observer's political blog, PolitickerNY
This item notes that former Congressman Michael E. "Mike" McMahon has joined Herrick, Feinstein's government relations practice which, with Elizabeth Holtzman, is the only one in New York City with two former members of Congress. Also mentioned is Kevin Fullington, co-chair of the practice group and former mayoral liaison to the city council.
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The Second Market
April 4, 2011 -- CNBC's Power Lunch
In a live network appearance, Steven Feldman discusses whether an increase in trading in private companies' shares -- such as Facebook, Zynga and Twitter -- has spawned an insider trading problem in the technology world. He notes that federal statutes don't distinguish between public held companies' shares and those of private companies, but he outlines potential defenses that may be available to those charged with insider trading in private shares.
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Donate a Collection and Get a Tax Break
April 2011 -- Kiplinger's Retirement Report
Michael Kessel describes the tax scenarios of donating art or antiquities to various recipients. A donation of artwork that is unrelated to the recipient's exempt purpose, for instance, would result in a deduction only of the donor's basis, he says.
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Security Locks and Aesthetics
March 31, 2011 -- The New York Times
Douglas Heller answers a reader's question in the Sunday real estate Q&A column by noting that under the state’s Multiple Dwelling Law residents, including co-op shareholders, are entitled to install a second lock on the door to their unit. The reader wondered whether the board could insist that she and her neighbors remove all but one lock per unit, and Doug opines that notwithstanding the business judgment rule -- which generally gives co-op and condo boards latitutde and discretion in making rules -- the residents probably can insist on second locks.
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The Berkshire Bombshell
March 31, 2011 -- CNBC's Power Lunch
Steven Feldman analyzes for a live network audience the possible criminal or civil liability facing David Sokol, the Berkshire Hathaway executive who resigned amid news he bought shares in a company that Berkshire Hathaway later acquired, as well as his possible defenses and corporate governance issues.
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Berkshire Brand Tarnished?
March 31, 2011 -- CNBC's Power Lunch
Steven Feldman analyzes for a live network audience Berkshire Hathaway's corporate governance issues and the possible criminal or civil liability facing David Sokol, the Berkshire executive who resigned amid news he bought shares in a company that his employer later acquired. Steven disusses market manipulation, insider trading, the current climate involving insider trading, as well as possible defenses and the notion that it is far from clear that there was any wrongdoing.
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Getty Museum agrees to return painting looted by Nazis; The museum will return 17th century 'Landscape With Cottage and Figures'
March 29, 2011 -- Los Angeles Times
Larry Kaye is quoted on how the LA-based Getty Museum has agreed to return to our client, Marei von Saher, an heir of the noted art dealer Jacques Goudstikker, a painting that the Nazis looted when the dealer fled his native Holland when the Nazis invaded. She filed suit in 2007 to compel the return of Pieter Molijn's 1640s-era work.
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Getty Returns Nazi-Looted Painting to Heir of Amsterdam Dealer
March 29, 2011 -- Bloomberg News
Larry Kaye describes how the Los Angeles-based Getty Museum will return 'Landscape With Cottage and Figures' to the heir of Dutch art dealer Jacques Goudstikker, our client, Marei von Saher, who sued for its return in 2007. The Nazis looted the 17th Century painting when the dealer fled his native Holland when the Nazis invaded.
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Raj Rajaratnam Insider Trading Trial
March 23, 2011 -- Public Broadcasting System's Nightly Business Report
Steven Feldman tells a national TV audience that Lloyd Blankfein's testimony for the government and against insider trading defendant Raj Rajaratnam is important because of Blankfein's reputation and that of Goldman Sachs, of which he is CEO. Steve cautions, however, that the defense has not had a chance to present its case, so even though the prosecution appears to have the upper hand two weeks into the trial, the defense will get a chance to poke holes in the government's story and tell its own. To see this segment, go to the 5:36 mark on the linked video.
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Brooklyn Navy Yard fires development firm linked to bribery scheme
March 11, 2011 -- The Real Deal Online
Scott Mollen says that our client, white collar defendant Aaron Malinsky, is seeking to withdraw from ownership and management of the real estate development company of which he is a principal and founder. He also notes the vast difference between making allegations and proving them.
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Developer at Brooklyn Navy Yard charged in federal bribery case
March 10, 2011 -- The Real Deal Online
Our representation of the real estate developer Aaron Malinsky in a white collar criminal case is noted.
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Insider Trading Trial of Galleon's Raj Rajaratnam Opens
March 8, 2011 -- Public Broadcasting System's Nightly Business Report
Steven Feldman reminds a live network audience that the defense finally gets a chance to be heard in the government's insider trading case against Galleon Group founder Raj Rajaratnam. Through its indictment and public pronouncements, the prosecution has laid out at least an outline of its case, and now the defense team will try to discredit government witnesses who have already plead guilty to crimes, and convince the jury that wiretapped conversations do not reveal criminal conduct.
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Rajaratnam Goes to Trial
March 7, 2011 -- CNBC's Power Lunch
David Rosenfield tells a live network audience that Raj Rajaratnam, an insider trading defendant, faces an uphill fight, but could potentially be acquitted. His roadmap to possible acquittal is his defense team's attacking the credibility and motivations of the cooperators who will testify against him, and the team convincing the jury that wiretapped conversations are snippets taken out of context to bolster an overzealous prosecution's case.
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Consultants Corner
February 28, 2011 -- NY1's Inside City Hall
Kevin Fullington appeared on the “Consultants Corner” segment of NY1's Inside City Hall. He analyzes Mayor Bloomberg's efforts to convince state legislators to amend the process by which some of the city's teachers are laid off, as well as other mayoral initiatives.
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Wise Guys Show
February 2011 -- NY1
Liz Holtzman made two appearances on the “Wise Guys Show.” She was joined by former U.S. Senator Alfonse D’Amato and former State Comptroller Carl McCall to discuss the state and federal budget fight and other issues.
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SEC Loath to Clarify Insider-Trading Rules
February 16, 2011 -- Hedge Fund Alert
Steven Feldman analyzes the largely fruitless attempt by the hedge fund industry's trade group, the Managed Funds Association, to convince the SEC to clarify its view of what constitutes insider trading. Steve says that it remains a gray area because there is no single law that proscribes insider trading, and that the SEC's efforts to codify matters through regulation has lacked enough specific detail to offer clarity.
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Renting Rules for Condo Owners
February 13, 2011 -- The New York Times
Doug Heller tackles a reader's question about what a condo board can do to restrict unit-owners from renting their units -- or charge a transactional fee -- when the condominium declaration allows rentals but is silent on the issue of restrictions and fees.
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‘Bad Boy’ Guarantees Snarl Billions in Real Estate Debt
January 19, 2011 -- The New York Times
Ray Hannigan analyzes the role of springing guarantees -- or so-called bad boy guarantees -- in commercial real estate lending workouts. Ray notes that in the last downturn -- in the late Eighties and early Nineties -- defaulting borrowers would file for Chapter 11 protection just before lenders moved to foreclose.
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Related Cos. to pay $82.8M for Rector Sq. project
January 13, 2011 -- Crain's New York Business.com
The firm's work on behalf of Anglo Irish Bank is noted in this story, which describes how we helped the bank foreclose on its borrower, Yair Levy, and then assist the bank at a foreclosure auction. The story says the bank is likely to assign its winning credit bid to Related next week.
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SEC Rule Has Swaps Traders Running Scared
January 12, 2011 -- Hedge Fund Alert
Patrick Sweeney notes that a new SEC rule -- which traders did anticipate -- covers security-based swaps for the life of the contract. Pat notes that under the newly promulgated rule, traders can be liable in cases of ordinary disputes about calculating values or netting cash payments.
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Facebook's Private Days Numbered
January 7, 2011 -- Investor's Business Daily
Stephen Fox points out the irony that Facebook's business model encourages sharing of information over personal privacy, while its corporate model puts a premium on keeping its financials close to the vest. Stephen made his remarks in an article about the Goldman Sachs investment in Facebook and the question of whether Facebook will be able to remain a private company for long.
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401(k) fear: Can workers' stock decisions figure in layoffs?
December 26, 2010 -- USA Today.com
Employees who sell shares of company stock from their 401(k) plans are immune from retribution if they follow the rules of the plan, Fred Green says in a Q&A. Companies that establish 401(k) plans that seek to comply with ERISA Section 404(c) cannot even find out whether employees are selling company stock, whereas the plans that do not seek to comply with 404(c) allow employers to monitor -- but not act on -- employees' sales of such stock.
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How an SEC Crackdown Led to Rise of 'Expert Networks'
December 17, 2010 -- The Wall Street Journal
Steven Feldman analyzes the government's widening of insider trading investigations and prosecutions to include technology executives, midlevel managers and even doctors who are involved in potentially market-moving clinical trials. Steve cautions that investors must be more careful than ever not to run afoul of laws and regulations, but says that in the end, criminal and civil prosecutions will turn on traditional insider trading issues rather than proper research.
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SEC Fixed or Still Broken?
December 10, 2010 -- CNBC's Power Lunch
The SEC was extremely negligent in its handling of the Madoff scheme but has improved markedly since then, David Rosenfield tells a live network audience on the two-year anniversary of Madoff's arrest. David says more and better staff, specialization in the SEC's units, and a new chair and director of enforcement have made the SEC far more effective.
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Federal Probe Prompts Compliance Reviews
December 1, 2010 -- Hedge Fund Alert
In this article about what hedge funds are doing -- and should be doing -- in response to the government's recent activity in enforcing statutes that prohibit insider trading, Irwin Latner says chief compliance officers should dig deeply into the relationship between the funds and independent research networks and how information gleaned from the research is being used in trading.
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Real estate after the midterm 'shellacking': What will the new governor, new AG and new Congress mean for NYC real estate?
December 2010 -- The Real Deal
In a six-professional Q&A, Kevin Fullington the prospects for New York commercial real estate following the midterm elections. Kevin analyzes a variety of issues, including the value of the 421a tax abatement program, what the new attorney general might do regarding real estate, and the likelihood that Governor-elect Cuomo will treat developers kindly.
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Insider Case Has Soft-Dollar Focus
November 27, 2010 -- The Wall Street Journal
Steven Feldman says tracking the flow of soft dollars could be an integral part of prosecuting -- or defending -- insider trading cases, their use possibly showing criminal intent if investment firms purposely obscured payments by routing them through their brokers rather than paying directly. Soft dollars are premiums that stock brokerages give their biggest traders, who, in turn, use them to pay for research.
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Wall Street Witch Hunt
November 23, 2010 -- CNBC's Power Lunch
In this live network segment, Jason D'Angelo says the public wants the government to be aggressive in investigating and prosecurting insider trading cases, but he cautions against over-reaching. He says he sees some instances of the government's expanding the definition of insider trading and notes that the whistleblower provisions of Dodd-Frank give the government more resources but believes most of the civil and criminal prosecutions will be based on traditional insider trading methods.
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Insider Trading Probe
November 22, 2010 -- CNBC's Closing Bell
In a live, five-minute network segment, Steven Feldman tells Maria Bartiromo that the government can easily start an insider trading investigation -- and possibly smear hedge funds' reputations in the process -- but it is harder to get a search warrant, slightly harder to indict traders, and far more difficult to secure convictions. He says the government's recent aggressiveness is an indication that it is seeking to make insider trading a point of emphasis and could represent over-reaching.
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Company that owns Charlie Brown's steakhouse files for bankruptcy
November 19, 2010
Gary Young tells New Jersey's largest newspaper that unsecured creditors -- including vendors and holders of gift cards -- will probably come away with nothing, even if the restaurant chain's parent company emerges from protection. Gary, whose clientele includes restaurants and who is longtime counsel to the New Jersey Restaurant Association, also notes that the Chapter 11 filing will stay a wage-and-hour class action in which the company is a defendant.
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Battery Park Condo Project Goes to Lender
November 18, 2010 -- GlobeSt.com
Christopher Sullivan says the plaintiff in the Rector Square foreclosure action -- our client Anglo Irish or its designee or assignee -- is entitled to hold or sell the project and also may pursue the borrower or guarantor for any deficiency arising from the sale of the project at auction. The lender was the sole bidder, taking back the project for $82.75 million, which Chris views as "a good result given the circumstances and economic landscape."
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Anglo Irish Keeps Control of 232 Unsold Condos in NYC's Battery Park City
November 18, 2010 -- Bloomberg News
Christopher Sullivan says Anglo Irish Bank, which was the sole bidder at the foreclosure auction of 225 Rector Place, may take title to the property and then sell it, or sell its winning bid to another party. He says if Anglo Irish sells its bid, the buyer would take title to the condos, a 114-space parking garage and 2,000 square feet of commercial space by the court-mandated closing date of Dec. 15.
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Anglo Irish Bank to Auction 232 Manhattan Apartments in Foreclosure Sale
November 17, 2010 -- Bloomberg News
Christopher Sullivan notes that 232 unsold condo units, a garage and other commercial space were to be auctioned as a block, in an attempt for our client Anglo Irish to recover as much of the $135 million that the borrower, who defaulted on the loan, owed the bank. Selling the property in bulk -- as opposed to piecemeal -- tends to bring not only a higher price but also the possibility of a sophisticated developer who can finish the project. (The sale, the following day, went for $82.75 million).
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Failed Rector Sq. project sells for a song
November 17, 2010 -- Crain's New York Business.com
Our representation of Anglo Irish Bank in the foreclosure on the Rector Square condo project -- and its ultimate auction, where the lender was the sole bidder -- is noted here.
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Once on Sleepy Beat, Regulator Is Suddenly Busy
November 5, 2010 -- The New York Times
Therese Doherty, who routinely represents financial institutions before the CFTC, says the regulator has grown in size and stature, but also in ambition. The CFTC's goal to regulate a wider swath of the market will present new challenges even as it ramps up its operations.
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Real estate pros mixed on Schneiderman, Cuomo victories
November 3, 2010 -- The Real Deal.com
Douglas Heller says Attorney General-elect Eric Schneiderman should quickly appoint a new head of the office's Real Estate Finance Bureau because the retirement of the previous leader has slowed the department's operations in a number of crucial ways.
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FDIC’s Plan to Securitize Assets Could Boost CMBS
October 21, 2010 -- GlobeSt.com
Scott Tross says the FDIC's apparent plan to bundle performing real estate loans and sell them as CMBS is likely to attract the usual buyers of CMBS -- pension funds, insurance companies, mutual funds, institutions and wealthy individual investors. He notes that there are more factors indicating the market will want the securities -- undeployed cash, a paucity of CMBS for several years, and an apparent strengthening of the real estate and credit markets -- than factors arguing against market acceptance.
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Newtown Creek ready for a scrub: Recent Superfund designation seen as positive, but effort will take 20 years
October 17, 2010 -- Crain's New York Business
Louis Evans discusses what information the EPA seeks when it sends inquiries to businesses at or near a Superfund site, in this story on the commercial effects of Superfund designation.
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Cuban, Crane want fees on failed Rangers bid
October 11, 2010 -- Sports Business Journal
Gary Eisenberg casts doubt on the likelihood that Mark Cuban and Jim Crane, unsuccessful bankruptcy bidders for the Texas Rangers, will be awarded the aggregate $2.65 million they seek to recover legal fees and other expenses stemming from their failed bid. He says such an award would set a precedent because it would erode creditors' recoveries, which is anathema to bankruptcy court proceedings.
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Auction looms for Rector Square housing
September 30, 2010 -- Crain's New York Business.com
Christopher Sullivan is quoted regarding the upcoming auction of Rector Square, the condominium project that Herrick, Feinstein foreclosed on, on behalf of our client, Anglo Irish Bank. He notes that large, well-capitalized, credit-worthy organizations -- such as investment funds -- have expressed interest in buying the project, which will be auctioned off as one bloc.
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Anglo to auction off Rector Square Nov. 17
September 30, 2010 -- The Real Deal.com
Christopher Sullivan, lead litigation counsel to Anglo Irish Bank in its forceclosure on the condominium project Rector Square, notes that the entire project -- condo units, commercial components and parking garage -- will be sold Nov. 17 at auction.
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Small Business Bill, Accounting Change Could Pack Wallop
September 27, 2010 -- GlobeSt.com
Howard Peskoe explains why pending legislation, designed to spur lending to small businesses, probably will not tend to cause those businesses to buy commercial property, rather than lease. But the bill, in combination with proposed changes to the accounting rule FASB 13, might do so, he says, because the changes would require businesses to include lease payments as debt on their balance sheets, possibly leading some to buy instead of lease.
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Charity Fingers SEC For $20M Lost In Madoff Scheme
September 27, 2010 -- Law360
This story notes Howard Elisofon's and Herrick, Feinstein's representation of the Litwin Foundation, which sued the SEC based on the commissions actions and inactions in the Madoff fraud. The story notes that our firm has filed four suits on behalf of six victims.
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Little-Used Law Gives Condo Buyers a Way Out
August 13, 2010 -- City Room, the law blog of The New York Times
Douglas Heller opines that the Interstate Land Sales Full Disclosure Act makes little sense in the New York City condo world because required disclosures contain irrelevant information that often duplicates what is in the offering plan. The posting analyzed a recent decision in federal court that allowed three buyers of condo units to rescind their contracts and retrieve their deposits because a condo sponsor had not made disclosures that the statute requires.
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The Lawyers You Call
August 11, 2010 -- The New York Observer
Gary Eisenberg and the firm's real estate practice are profiled in "The Lawyers You Call," a look at the city's top law firms with commercial real estate practices. Gary is pictured, and the firm's work in a variety of areas -- including our first-in-the-nation lawsuit against the SEC on behalf of Madoff victims -- is noted.
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Timing of Lawyer's Thievery Saves Title Insurer From Liability to Buyers
August 4, 2010
A unanimous New Jersey State Supreme Court reversed an Appellate Division decision and found for our client, Stewart Title, in a case that looked at who is liable when a closing attorney steals a client's funds. In this case, Stewart Title had never even heard of the attorney -- or his clients, who sold a home and then bought another, entrusting their attorney with their money -- before the theft occurred. This story quotes Jaimee Katz Sussner, who successfully argued the case, about what the Court ruled on and what it deferred for another day.
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Readying for Texas Rangers' Aug. 4 auction
August 2, 2010 -- Sports Business Journal
The three-week time frame between when a bankruptcy judge ordered an auction of the bankrupt Texas Rangers and the date of the auction could mean that a higher bid would have been forthcoming if more time were allowed, Gary Eisenberg says. He notes, however, that bankruptcy judges are not obligated to establish processes that generate the most money, only that they ensure a fair process. Their focus is often on finality, he says in this story about the 16-month saga that began when the team's owner defaulted on his debt.
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Rector Square's unsold units near auction: Related is seen as the likely buyer of the discounted apartments
July 30, 2010 -- The Real Deal.com
Chris Sullivan tells The Real Deal.com that Rector Square will likely be sold at auction in the fall, once a few procedural wrinkles are resolved.
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Yikes! It’s a Garage
July 30, 2010 -- The New York Times
Eldad Gothelf is quoted about the thorny issues of curb cuts and private parking in New York City residential buildings, and notes that the city's Planning Department has sought counsel from a variety of groups as it grapples with the issue. The story mentions that Eldad is an author of the firm's environmental and zoning blog, ZONE.
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New Law Encourages Whistleblowers
July 28, 2010 -- Hedge Fund Alert
Steven Feldman notes that the financial overhault legislation known as the Dodd-Frank Wall Street Reform and Consumer Protection Act contains a provision that authorizes the SEC to pay an aggregate of $300 million to whistleblowers with insiders' knowledge of fraud. He says, however, that the legislation places some constraints on prospective whistleblowers, requiring them to retain counsel before approaching the SEC, for instance, in an attempt to eliminate false claims of wrongdoing.
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Fighting for Art Justice: Lawyer Howard Spiegler helps clients reclaim stolen works of art
July 26, 2010 -- Voice of America
Howard Spiegler's art-recovery practice is profiled in this radio and on-line story. The six-minute radio clip and on-line written story focus on Howard's -- and Herrick, Feinstein's -- triumphs in recovering looted and stolen art, particularly pieces stolen by the Nazis during the Holocaust era.
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Shirley Sherrod and the Dark History of Baker County
July 22, 2010 -- Huffington Post
Elizabeth Holtzman, who as a law student in the Sixties worked with a civil rights lawyer in racially charged cases in southwest Georgia, describes what the atmosphere was like in Baker County and why, in her view, Shirley Sherrod is a hero.
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Court reinstates Visteon retiree benefits
July 13, 2010 -- Reuters
Stephen Selbst says the Third Circuit's ruling in Visteon, which prohibited the bankrupt auto parts manufacturer from eliminating retirees' health and life insurance benefits, might go up to the Supreme Court. Stephen said this is the kind of case the Supreme Court is prone to hearing because it has a significant societal layer and because the various federal circuits are divided on the larger issue of whether bankruptcy discharges companies' obligations to pay retirees' benefits.
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The Phraseologist
July 12, 2010 -- The Commercial Observer
Gary Eisenberg's practice and outside interests -- including professional sports -- are profiled in this story in the New York Observer's real estate-related publication. The story, which ran in the paper's weekly Sit-Down space, which features professionals prominent in New York commercial real estate, alludes to Gary's colorful use of the language to describe various phenomena in the world of distressed debt and foreclosure and includes his predictions for where those markets are headed.
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‘Transformative’ Brooklyn MXD Clears Hurdle
July 1, 2010 -- GlobeSt.com
Mitch Korbey is quoted discussing the unanimous approval of the Domino Sugar Development by the New York City Council's Land Use Committee. In the article, Mitch calls the mixed development plan for Domino a transformative one for the Williamsburg, Brooklyn waterfront neighborhood that has long been home to vacant property and empty lots.
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Hire and Higher?
June 2010 -- New Jersey & Company
Patricia Graham, quoted at length, notes that a recently enacted New Jersey law legalizing marijuana for medicinal purposes does not protect employees in the workplace, does not proscribe employers from enunciating policies that prohibit workplace usage, and do not force employers to accommodate such workers. She notes that the statute doesn't address all issues, including how much protection workers have when the medical conditions that gave rise to their legalized marijuana use makes them part of a protected class.
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Marijuana in the Workplace
July 1, 2010 -- CNBC's Power Lunch
States that have legalized marijuana for medicinal purposes have not protected users from being fired if their marijuana use conflicts with company policy, Carol Goodman tells a live network audience. Carol made her remarks in a five-minute segment that included former U.S. Rep. Asa Hutchinson, who later was administrator of the U.S. Drug Enforcement Agency, regarding a suit filed by a Wal-Mart worker who was fired for smoking prescribed pot to alleviate pain.
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15 People You Should Know: If you're in real estate and you haven't met these people yet, it's time to make the introduction
June/July 2010 -- NYinc
Mark Levine is profiled and quoted as one of 15 professionals in New York commercial real estate who are worthwhile knowing. This vignette describes his background, current work and ambitions.
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Another potential Texas Rangers buyer emerges
June 28, 2010 -- Sports Business Journal
Paul Rubin says that the judge's written decision, and the appointment of a chief restructuring officer in the Texas Rangers' bankruptcy, make it difficult to predict who will be the successful bidder for the club.
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SC Leaves Big Questions Open in Text-Message Privacy Case
June 18, 2010 -- E-Commerce Times
Barry Werbin says the Supreme Court's ruling in City of Ontario v. Quon was based on such a narrow and unusual fact pattern that it leaves open the larger questions of how much privacy employees can expect when they use employers' networks and systems for personal communications during work hours. Barry notes that as the cost of technology drops, more employees will have personal communications devices, which should lessen their reliance on employers' equipment.
Media Mention

If Nancy Reagan Gave Real Estate Advice
June 17, 2010 -- Real Estate Bisnow
Gary Eisenberg's presentation -- and the fact that Herrick hosted the event -- are noted in a story about buying distressed commercial real estate. One of the speakers advised that at today's prices for distressed commercial properties, prospective buyers should "just say no," and Gary advised attendees to pay attention to warning signs, review documents and communications, verify purported defaults and conduct proper searches.
Media Mention

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In Distressed Buys, Look Before You Leap
June 16, 2010 -- GlobeSt.com
Gary Eisenberg is quoted on how to avoid legal pitfalls when buying a loan-to-own note, in this story, which covered a Herrick-hosted seminar on buying distressed commercial real estate.
Media Mention

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Greenberg-Ryan could get $10M breakup fee
June 14, 2010 -- Sports Business Journal
Whether two bidders for the bankrupt Texas Rangers baseball team will get a breakup fee if they don't buy the team -- and how much that fee will be -- will be determined by a bankruptcy judge's view of the bidders' role in setting the price the team eventually fetches, Paul Rubin says. Arguing against a fee -- or at least a full fee -- is the fact that the breakup fee was inserted into the deal just before the club filed for protection, he says, but the judge will view the totality of the bidders' efforts in deciding.
Media Mention

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The Bankruptcy Option
June 11, 2010 -- CNBC's Street Signs
Stephen Selbest tells a network audience that if BP files for bankruptcy, it should not do so until it caps the oil spill because damages that arise from spillage that occurs after the filing would not be disposed of in the bankruptcy proceeding.
Media Mention

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When cash makes commercial deals tricky: Insiders say an uninvited green guest sometimes appears in real estate deals
June 1, 2010 -- The Real Deal
Steven Feldman discusses cash as a possible instrument of criminality in commercial real estate deals. He notes that the origin of the cash, its use to avoid a recipient's income tax liability, and its use to minimize the value of a transaction -- and therefore taxes on that transaction -- are all possible layers.
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How To Play The Changing Tax Picture in 2010
May 24, 2010 -- CNBC.com
Brian Raftery is quoted at length here, suggesting that that good tax and wealth preservation strategies include removing from estates assets that have lost value but are likely to rebound, and contributing to 529 college savings plans, which become more attractive when tax rates are rising.
Media Mention

Tax deals return to bite owners
May 17, 2010 -- Crain's New York Business
Commercial property owners who engaged in 1031 exchange transactions as a means of lessening or deferring taxes may find themselves paying higher taxes than they anticipated, Michael Kessel says. The expiration of Bush-era tax cuts is likely to increase the capital gains rate from its current 15 percent, which is the lowest in decades.
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MLB plans to move on Rangers
May 3, 2010 -- Sports Business Journal
On one hand, Major League Baseball wants to see the Texas Rangers sold quickly because the league has been supporting the team's payroll since it defaulted on its loans, Irwin Kishner says. On the other hand, if the creditors force the team into involuntary bankruptcy, the league would lose some of the influence it exerts on the club, creating a quandry for the league, he says.
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Reports of criminal probe send Goldman Sachs stock plunging
May 1, 2010 -- Los Angeles Times
Steven Feldman casts doubt on the likelihood of the DOJ's bringing a criminal action -- no less a successful criminal action -- against Goldman Sachs, saying the SEC probably shared with the DOJ information throughout the civil investigation. The DOJ would probably be farther along in its work than it appears to be, if this were likely to be treated as a criminal matter, he says.
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A.G. Hopefuls Ramp Up Campaigns Despite Lack of Announcement From Cuomo
April 30, 2010 -- New York Law Journal
Elizabeth Holtzman's exploration of a run for New York State Attorney General is noted in this story.
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Pot & The Workplace
April 20, 2010 -- CNBC's Power Lunch
Carol Goodman tells a national cable audience that even in states that have legalized marijuana for medical purposes, workers can be dismissed if they use marijuana -- or even have traces of it in their bloodstreams -- contrary to their employers' policies. She cautions employers, however, to consider whether the marijuana has been prescribed for conditions that might quality as disabilities under various federal and state laws.
Media Mention

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Harry Markopolos, Madoff's Nightmare
April 16, 2010 -- Investor's Business Daily
Howard Elisofon calls Harry Markopolos a hero in this story, which describes the former fund manager's efforts to convince regulators that Madoff was a fraud. The story mentions our lawsuit against the SEC on behalf of Madoff's victims, and notes that Elisofon says Markopolos' informal investigation, findings, and numerous reports to the SEC will be a component of our case.
Media Mention

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Ripe for Conversion
April-May 2010 -- NYinc
Mitchell Korbey analyzes the rezoning of much of New York City and cites certain neighborhoods where the zoning changes have been most prevalent. He notes that over the last decade, an area as big as some mid-sized cities -- Providence, RI, for instance, or Newark, NJ -- was rezoned, sometimes for contextual purposes and sometimes to keep current with how the city's land is used.
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When Cupid Strikes at the Cubicle
April 11, 2010 -- The New York Times
In the workplace column Career Couch, Mara Levin is quoted at length on what employers and employees should do when two employees begin -- or escalate -- an office romance. Mara insights include her dubious view of so-called love contracts, which, she says, offer little protection because they cover only the romance and not the break-up.
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Judge Jed Rakoff taps into nation's outrage over economic crisis
April 10, 2010 -- Los Angeles Times
Steven Feldman recalls that federal Judge Jed Rakoff of the Southern District of New York lectured him when Steven was an assistant U.S. attorney, in this profile of the judge.Steven used that as an emblem of how the judge is a stickler for stellar performances by attorneys who appear before him.
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The Tiger Woods Effect
April 2, 2010 -- Courthouse Confidential -- The NY Times law blog
Scott Mollen discusses his upcoming presentation on how to represent business executives and celebrities who are extortion or blackmail targets, emphasizing that using law enforcement and various investigative techniques can be effective in convincing would-be extortionists and blackmailers to back off.
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Developers jump on program to restart stalled projects
March 25, 2010 -- Crain's New York Business.com
Zoning and land use partner Mitch Korbey extolls the benefits for developers and neighborhoods of a Department of Buildings initiative -- enabled by a local law passed late last year -- that allows developers to re-start stalled projects quickly, without waiting months for the city to re-approve zoning or other special permits. The story notes that the city's plan recognizes that even competent developers are hamstrung by a weak economy.
Media Mention

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Marijuana In the Workplace
March 19, 2010 -- CNBC's Power Lunch
In a live network appearance, "Marijuana In the Workplace," Carol Goodman analyzes what workplace issues businesses must consider if they are in a state that has decriminalized marijuana and any of their employees have prescriptions for medicinal marijuana.
Media Mention

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U.S. Sued Over SEC’s ‘Negligence’ in Madoff’s Fraud
March 18, 2010 -- Bloomberg News
This story notes that we sued the SEC on behalf of three clients -- a charity and two individual investors -- who lost money in the Madoff scheme. This was our firm's second round of suits against the commission, the first coming in 2009, and it follows by three months the SEC's motion to dismiss our first two complaints.
Media Mention

Wal-Mart worker fired over medical marijuana
March 17, 2010 -- MSNBC.com Your Career
Even though 14 states have laws legalizing marijuana for medicinal purposes, they have not enacted legislation requiring that employers accommodate the use of medical marijuana in the workplace, Carol Goodman says. She notes receiving numerous calls from employers, wondering whether they must accommodate such use or revisit their employee handbooks, particularly after New Jersey recently passed a medical marijuana law.
Media Mention

Court Weighs Title Insurer's Liability For Attorney's Theft of Client Funds.
March 15, 2010 -- New Jersey Law Journal
Jaimee Katz Sussner's argument before the New Jersey Supreme Court on behalf of our client Stewart Title is noted in this story. The story says the title insurance industry is closely watching this case, which will help determine when a title insurer is liable for a dishonest closing attorney's theft of money, especially when the theft occurred before the title policy was purchased.
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Ex-official David Loglisci's guilty plea advances N.Y. state pension probe
March 11, 2010 -- Washington Post
Cooperating witnesses are valuable to prosecutors trying to build cases, but they can be attacked on issues of reliability, Steven Feldman says. Feldman, a former federal prosecutor, made his remarks in this story about how New York State's chief investment officer's guilty plea and willingness to cooperate might affect Steven Rattner and his private equity firm Quadrangle.
Media Mention

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BofA Lawyers Rebuked in Cabi Case
March 10, 2010 -- The Wall Street Journal
Bankruptcy judges tend to look with disfavor on creditors who are overly harsh with borrowers during difficult economic times, and those tactics can backfire, Stephen Selbst says.
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To Tweet or Not to Tweet
March 9, 2010 -- NJ & Company
Companies should enunciate clear policies regarding employees' personal use of employers' computers, servers and other electronic communication devices and enforce those policies, Patricia Graham says. In this story, she analyzes the rights and responsibilities of employees and employers, both public and private.
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Lohan to Sue E-Trade for $100M
March 9, 2010 -- CNBC's Power Lunch
M. Darren Traub tells a live network audience that Lindsay Lohan's suit against E-Trade, in which she alleges that the company's television ad uses her likeness without her permission, is unlikely to succeed. Further, he says, even if it does, Lohan will have difficulty proving damages.
Media Mention

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Senior Counsel, Very Senior Counsel
February 21, 2010 -- The New York Times
Judge Milton Mollen is profiled in this New York Times story about nonagenarian attorneys who remain active in their practices. The story, based loosely on Robert Morgenthau's decision to join a law firm after not seeking re-election as Manhattan's district attorney, mentions Judge Mollen's career highlights and his busy arbitration practice.
Media Mention

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BCS Under Attack
February 18, 2010 -- Sports Money on Forbes.com's Video Network
Matthew Pace says attempts to get the Department of Justice to investigate and clamp down on the college football bowl system for being anti-competitive are misguided. Matthew says the DOJ should not spend time examining the BCS system, which, although impefect, actually offers more teams more opportunities to play in various post-season bowl games.
Media Mention

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Medical marijuana bill doesn't give employees free rein
February 15, 2010 -- The Star-Ledger
In New Jersey's largest newspaper, Carol Goodman analyzes the rights and responsibilities of the state's employers and employees under a new law that allows patients with certain conditions to use marijuana to relieve their symptoms. Carol addresses the law and practical solutions to various issues in this Q&A, which notes that she has been flooded with calls from New Jersey employment law clients on this topic.
Media Mention

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The Industry Could Get Boost from SBA Proposals
February 10, 2010 -- GlobeSt.com
The Obama Administration's plan to urge community banks to lend to small businesses might benefit the commercial real estate industry, but only indirectly, Howard Peskoe says. SBA loans to entrepreneurs help businesses get started and expand, and that increased economic activity leads to additional sale or leasing of office, warehouse and retail space, he says. But he does not anticipate that the Administration's initiative will increase the number of direct loans from community banks to real estate developers and investors.
Media Mention

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Planning can reduce bankruptcy pain
January 23, 2010 -- Raleigh News & Observer
In this story about how pre-packaged and pre-negotiated bankruptcies are on the rise, Joshua Angel says that because the up-front costs of pre-arranged bankruptcies are significant, only companies with $50 million or more in assets are well-positioned to file for protection that way.
Media Mention

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Amazon could pay for Kindle sales coyness
December 31, 2009 -- Reuters
Stephen Fox says that public companies need not report product-specific revenues unless those revenues comprise such a significant portion of overall earnings that they are "material." He notes that there is no bright line rule on when companies must report product-specific revenues, but that the size of those earnings -- relative to overall earnings -- is one significant factor in determining materiality.
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Moinian Group sues to block Dwell95 auction
December 31, 2009 -- The Real Deal,com
Our representation of FBE Limited is noted in this story about developer Joe Moinian's lawsuit, which sought to block the auction of Dwell95, a luxury rental property on Wall Street.
Media Mention

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Community Banks May Be Next in Line for TARP Funds
December 23, 2009 -- GlobeSt.com
Howard Peskoe says a plan that the Treasury Department is considering -- which would require Congressional legislation and would allow small regional and community banks to borrow at favorable rates, with the intention that the money be loaned to small businesses -- can not harm the commercial real estate finance market. Howard casts doubt, however, whether the plan will work or represent a boon to real estate lending.
Media Mention

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The Fed Eases Out of Rescue Programs
December 18, 2009 -- GlobeSt.com
Liquidity in the commercial real estate market is more of a priority than minimizing the federal deficit, Sheldon Chanales says in an article about whether the Federal Reserve will continue pumping money into mortgage-backed securities and similar debt.
Media Mention

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SEC Invokes Immunity in Negligence Suit by Madoff Victims
December 16, 2009 -- The AmLaw Litigation Daily
The government's motion to dismiss our suit against the SEC on behalf of two Madoff investors claims the SEC acted with proper discretion and therefore has immunity, this item notes.
Media Mention

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SEC Seeks Dismissal of Madoff Victims Negligence Suit
December 15, 2009 -- Bloomberg News
Howard Elisofon, our lead attorney in our suit against the SEC on behalf of two Madoff investors, says the government's motion to dismiss -- and the grounds on which the government relies -- come as no surprise. The government claims immunity and that it had discretion to act as it did in handling the Madoff scheme.
Media Mention

Best Practices for a Hedge Fund Manager General Counsel or Chief Compliance Officer that Suspects or Discovers Insider Trading by Manager Employees or Principals
December 3, 2009 -- The Hedge Fund Law Report
Steven Feldman outlines what hedge funds and their managers ought to do -- and avoid doing -- when they suspect that employees or traders are using non-public information to make profitable trades.
Media Mention

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With new subway, massive eyesores: As long-awaited Second Avenue subway becomes a reality, Upper East Siders cringe at giant utility structures also planned
December 2009 -- The Real Deal
Richard Bass describes negotiations with the MTA on behalf of property owners, businesses and co-op and condo boards affected by the Second Avenue subway as relatively cordial, given how much disruption the project is causing on the East Side. This story notes that Herrick is representing a large number of clients along the route of the subway.
Media Mention

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Reduce, Reuse, Repurpose
December 2009 -- Go
Most cities' zoning plans allow for hotel development in commercial -- but not residential -- zones, making former warehouses and business sites ideal for redevelopment as hotels, Mitchell Korbey tells the in-flight magazine of AirTran. Cities often encourage redevelopment of commercial buildings as hotels because they attract tourists and bolster the local economies.
Media Mention

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Implications for Bankruptcy Law
November 29, 2009 -- Lawline
Joshua Angel analyzes debtor-side corporate bankruptcy issues in this half-hour television show, opposite a creditor-side attorney.
Media Mention

Court To Hear Appeal of Title Insurer Made To Reimburse Lawyers' Fund
November 25, 2009 -- New Jersey Law Journal
Jaimee Katz Sussner says there will be national interest in the New Jersey Supreme Court's granting of cert in a dispute between our client -- a title insurer -- and the state's lawyers' fund for client protection. At issue are the respective roles of title insurers and closing attorneys, and whether attorneys should be present at real estate closings.
Media Mention

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Start Date Is Critical in Ponzi Plan
November 24, 2009 -- The New York Times
Our motion on behalf of a Madoff investor -- which the Times and a disinterested attorney both called "novel" -- is highlighted in this story, which notes that the start date of the Madoff scheme may have a significant impact on the fortunes of entities that began investing with Madoff many years ago. Therese Doherty and John Oleske are both named in this story, which covers our attempts to recover money and protect the investor from a clawback action.
Media Mention

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Auction of Queens hospital sites stirs up controversy
November 4, 200 -- Crain's New York Business.com
A federal bankruptcy court is unlikely to entertain objections from a developer who bid unsuccessfully on two Queens hospitals that are in Chapter 11, Joshua Angel says. Bankruptcy courts tend to be more sensitive to criticism from creditors than from spurned bidders, he adds.
Media Mention

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How Strong Is The Evidence in the Galleon Insider-Trading Case?
October 21, 2009 -- Wall Street Journal Law Blog
Insider trading cases against defendants who lacked direct contact with primary cooperators tend to be weaker than those against those who spoke or met directly with the cooperators, Steven Feldman says in an item related to the Galleon insider-trading case. In addition, he notes, prosecutors often fail to mention publicly conversations that would tend to be exculpatory.
Media Mention

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In Fraud Case, a Deal That Lost Millions
October 21, 2009 -- New York Times
The Galleon Group's losses on trades engineered by Raj Rajaratnam and others -- allegedly on insider information -- may lessen the defendants' sentences if they plead guilty or are convicted, Steven Feldman says. Feldman, a former federal prosecutor in the same Department of Justice Bureau that is prosecuting the Galleon case, notes that the government tends to ask for stiffer sentences in cases where the defendants generated large profits.
Media Mention

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Feldman Calls Rajaratnam Case a `Moving Investigation'
October 20, 2009 -- Bloomberg Television
Steven Feldman analyzes the government's and defense's strategies and tactics in insider trading cases, and discusses the climate for such prosecutions.
Media Mention

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Lawyer Charged With Lying About Knowledge of Pump and Dump Scheme
October 16, 2009 -- The BLT: The Blog of Legal Times
Arthur Jakoby issues a statement on behalf of our client -- an attorney charged with participating in a pump-and-dump scheme -- noting that the client took full responsibility for his actions.
Media Mention

Investors who lost $2.4m in Madoff scheme sue SEC
October 15, 2009 -- Financial Times
This story announces our suit on against the SEC on behalf of Madoff victims and notes that we were the first firm in America to file such an action.
Media Mention

Two Investors Sue SEC Over Madoff Probe
October 15, 2009 -- The Wall Street Journal
This story announces our suit on against the SEC on behalf of Madoff victims and notes that we were the first firm in America to file such an action.
Media Mention

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Madoff Victims Sue SEC
October 14, 2009 -- CNBC's Power Lunch
As we held a press conference to announce our lawsuit against the SEC on behalf of Madoff investors -- the first of its kind in the nation -- John Oleske simultaneously appears live on network television to describe the suit, what relief we seek for our clients, and why we believe we will prevail.
Media Mention

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Madoff Victims Sue SEC
October 14, 2009 -- The Business Insider
This story announces our suit on against the SEC on behalf of Madoff victims and notes that we were the first firm in America to file such an action.
Media Mention

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Madoff Victim Speaks Out
October 14, 2009 -- Fox Business Channel
As we hold a press conference to announce our lawsuit against the SEC on behalf of Madoff investors -- the first such action in the nation -- Therese Doherty and our client Phyllis Molchatsky appear live on network television to announce the suit, describe the relief we seek, and discuss why we believe we will prevail.
Media Mention

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S.E.C. Sued Over Madoff Fraud
October 14, 2009 -- New York Times DealBook
This story announces our suit on against the SEC on behalf of Madoff victims and notes that we were the first firm in America to file such an action.
Media Mention

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Two Madoff victims file lawsuit against the SEC
October 14, 2009 -- Reuters
This story announces our suit on against the SEC on behalf of Madoff victims and notes that we were the first firm in America to file such an action.
Media Mention

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Couple Sues SEC for $2.4 Million in Madoff Losses
October 14, 2009 -- The Associated Press
This story announces our suit on against the SEC on behalf of Madoff victims and notes that we were the first firm in America to file such an action.
Media Mention

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Madoff Victims File Suit Against SEC
October 14, 2009 -- The AmLaw Litigation Daily
This story announces our suit on against the SEC on behalf of Madoff victims and notes that we were the first firm in America to file such an action.
Media Mention

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Madoff victims sue SEC for 'negligence'
October 14, 2009 -- CNNMoney.com
This story announces our suit on against the SEC on behalf of Madoff victims and notes that we were the first firm in America to file such an action.
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Swindled Madoff Investors Sue U.S. Gov't for Ignoring 'Smoking Guns' in Ponzi Scheme
October 14, 2009 -- ABC News.com
This story announces our suit on against the SEC on behalf of Madoff victims and notes that we were the first firm in America to file such an action.
Media Mention

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Madoff Victims' Lawyer Elisofon Interview
October 14, 2009 -- Bloomberg Television
Howard Elisofon, appearing live, discusses our lawsuit against the SEC on behalf of two Madoff investors, and tells why we should prevail.
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Suit Claims S.E.C. Failed to Detect Madoff Scheme
October 14, 2009 -- New York Times
This story announces our suit on against the SEC on behalf of Madoff victims and notes that we were the first firm in America to file such an action.
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SEC Sued by Madoff Investors for Missing Ponzi Scheme
October 14, 2009 -- Bloomberg News
This story announces our suit on against the SEC on behalf of Madoff victims and notes that we were the first firm in America to file such an action.
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Textual overtones: Digital dogging is new tool for office sexual harrassers
October12, 2009 -- New York Post
Text messages and instant messages have overtaken email as tools of workplace sexual harassment, Mara Levin says in an article about how various forms of digitial technology are effective as work tools but can be misused to harass others. She notes that in general, instant messages and text messages can be used as evidence in trials where sexual harassment has been alleged.
Media Mention

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Nazi Art Litigation Alert: Seized Schiele Painting Case Cleared for Trial
October 8, 2009 -- The AmLaw Litigation Daily
This item notes that Howard Spiegler and Herrick are representing the heirs of art dealer Lea Bondi, who are seeking the return of the painting "Portrait of Wally." Bondi's heirs and Austria's Leopold Museum have been fighting for custody and ownership of the painting, which has sat in a warehouse since 1997, when it was seized by the Manhattan DA's office because it was believed to be stolen from its rightful owners by the Nazis.
Media Mention

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Bankruptcy Professional: Spotlight
October 8, 2009 -- Bankruptcy Professional
This Q&A profiles the career of Joshua Angel, including his recent success in bringing Ultra Stores Inc. into Chapter 11 and helping the company successfully emerge.
Media Mention

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The Madoff Exiles
September 27, 2009 -- New York Magazine
Howard Elisofon and our client Phyllis Molchatsky discuss how the firm -- on behalf of Phyllis -- came to file an action against the SEC over its actions and inactions in the Madoff fraud.
Media Mention

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Atlantic Yards gets a lift, but pledged $200 million infusion still leaves bulk of vast project in doubt; last legal hurdle looms
September 27, 2009 -- Crain's New York Business
Scott Mollen notes that the developer of Atlantic Yards is relying on a substantial body of case law that tends to permit eminent domain for development that will drive economic growth and contain affordable housing. He cautions, however, that every case features different facts, and judges scrutinize those facts in deciding how to rule.
Media Mention

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Team Lazio: Getting the Pataki, Romney Band Back Together
September 16, 2009 -- New York Daily News.com
The "Daily Politics" column in the Daily News' on-line version notes that Kevin Fullington, co-chair of our government relations practice group, has taken a leave of absence to become campaign manager for Rick Lazio, who is running for governor of New York.
Media Mention

SEC Inspector General's Madoff Report, Senate Banking Committee Holds Hearings
September 10, 2009 -- Bloomberg Television
David Rosenfield appears live to analyze the SEC Inspector General's report on the SEC's failed investigations of the Bernard Madoff fraud, as well as the Senate Banking Committee hearings that the report triggered.
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Fox Business Live
September 2, 2009 -- Fox Business Channel
Steven Feldman tells a live network audience that the SEC Inspector General's report about the commission's actions and inactions in the Madoff fraud was a deservedly blistering review.
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Critics Smell Spam in White House Healthcare Email Effort
August 17, 2009 -- E-Commerce Times
The Obama Administration's use of email to educate the public on health care and health insurance -- even if the communications contain advocacy -- does not violate the CAN-SPAM statute, Barry Werbin says. The emails constitute more of a political or public trust issue than a legal one.
Media Mention

Corporate And Financial Institution Compensation Fairness Act of 2009 Threatens Unprecedented Regulation of Hedge Fund Performance Fees
August 12, 2009 -- The Hedge Fund Law Report
Rick Morris is quoted at length on the likely effects of passage of new legislation that contains say-on-pay provisions and regulations of fund managers' compensation.
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DiPascali Fallout
August 12, 2009 -- CNBC
In light of the guilty plea of Madoff associate Frank DiPascali, David Rosenfield says the scope of the fraud appears wide and deep. Prosecutors are hoping that DiPascali will help them unravel how the fraud was perpetrated and who was involved.
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New York Seeks Millions in Tax From Lehman
August 4, 2009 -- New York Times
Lehman's other creditors may object if New York City, which claims that Lehman owes the city more than $600 million in back taxes, attempts to move ahead of other creditors, Stephen Selbst tells the New York Times.
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Can Offbeat Names Hurt Business?
August 3, 2009 -- SmartMoney's SmallBiz
Barry Werbin cautions entrepreneurs against using lewd names for their small businesses because, he says, U.S. trademark law prohibits registering marks that the general public would consider immoral or scandalous. Also, he reminds, landlords can reject tenants for any non-discriminatory reason.
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CIT Expects Loss of $1.5 Billion, May Seek Bankruptcy
July 21, 2009 -- Bloomberg News
CIT's acknowledgement in regulatory filings that it might have to seek bankruptcy protection despite an agreement with bondholders is to be expected because of securities regulations and concerns on the part of analysts, Rick Morris tells Bloomberg.
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Feds Cracking Down Too Hard on Fraudsters?
July 13, 2009 -- CNBC's The Call of the Wild
Steven Feldman tells a CNBC live audience that federal prosecutors are doing themselves -- and the criminal justice system -- a disservice by requesting such harsh, largely symbolic sentences for white collar criminals who turn themselves in, plead guilty, and, in some cases, assist the government in locating hidden assets.
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CPAs and Lawyers: Kindred Spirits?
July 9, 2009 -- NYSSCPA.ORG E-ZINE
Rick Morris is quoted -- and Steve Feldman and Gary Eisenberg mentioned -- in this story about how CPAs and attorneys face similar professional challenges and pressures, how their clients' needs and opportunities are similar, and how a recent meeting that offered CLE credit to attorneys and CPE credit to accountants covered that landscape.
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Bernard Madoff to hear sentence
June 29, 2009 -- Los Angeles Times
Steven Feldman analyzes what factors might sway the judge in determining the sentence for Bernard Madoff.
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Madoff Gets 150 Years
June 29, 2009 -- CNBC Reports
David Rosenfield analyzes what factors a judge considers when pronouncing sentence in a white collar criminal matter, in this live segment about Madoff's sentence.
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What 150 Years Means
June 29, 2009 -- Fox Business Channel
Steven Feldman, in a live segment shortly after Bernard Madoff was sentenced, analyzes why the sentence may deter other white collar criminal defendants from surrendering and cooperating with authorities.
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Victims Await Sentencing For Bernard Madoff
June 24, 2009 -- WCBS-TV
At a press conference where he announced that our firm filed seven new actions against the SEC, Howard Elisofon says the government should compensate Madoff victims because the SEC was negligent in how it investigated the fraud.
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Madoff Victims Seethe at SEC
June 24, 2009 -- MyFox Channel 5
At a press conference announcing that we had filed seven new actions against the SEC on behalf of Madoff victims, Howard Elisofon says that the government should be held accountable and compensate the victims as a result of the SEC's negligence.
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SEC rejects Madoff claim; investor may sue
June 24, 2009 -- Daily Finance
Our client, the Madoff victim Phyllis Molchatsky, has the right to sue the SEC now that the government has rejected her administrative claim, Howard Elisofon says.
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SEC Won't Cover Investor's $1.7M In Madoff Losses
June 24, 2009 -- Law360
The SEC's rejection of our administrative claim on behalf of our client, the Madoff victim Phyllis Molchatsky, gives her legal standing to file a federal lawsuit against the SEC, alleging negligence in how it investigated the fraud, Howard Elisofon says.
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Madoff Victims Express Anger at SEC
June 24, 2009 -- WNBC-TV
At a press conference announcing that the SEC had rejected our initial administrative claim on behalf of a Madoff victims and that our firm had filed seven new claims, Howard Elisofon describes why the government should be held liable for the SEC's actions.
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SEC rejects Madoff investor claim for damages
June 23, 2009 -- Reuters
The SEC rejected our administrative claim against the SEC on behalf of our client Phyllis Molchatsky, clearing the way for us to sue on her behalf in federal court. She is seeking money damages as recompense for what she lost with Bernard Madoff. The story also notes that we envision filing similar actions on behalf of other Madoff vicitims shortly.
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Demystifying Madoff: L.I. Fraud Victims Find Strength In Numbers
June 18, 2009 -- Long Island Press
The SEC's negligence caused much of the loss suffered by many Madoff victims, John Oleske tells a group of Long Island-based Madoff victims.
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More financial fraud cases seen after US overhaul
June 17, 2009 -- Reuters
The proposed U.S. financial regulatory overhaul, which gives added power to the SEC and other regulators and which broadens definitions of misconduct by those in the financial services sector, will probably lead to more investigations and prosecutions, Steven Feldman says. The increased scrutiny and changed definitions of what constitutes violations will affect the criminal and civil litigation landscapes, he says.
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Judge Rules Against Balsillie's Bid To Buy, Relocate Coyotes
June 16, 2009 -- SportsBusiness Daily
Professional sports leagues will celebrate a bankruptcy court judge's ruling that the National Hockey League can restrict who owns its franchises and where they play -- even when the team is in bankruptcy -- Paul Rubin says. In the same story, which covers that ruling and the dispute between the NHL the Phoenix Coyotes over whether businessman Jim Balsillie can buy the team and move it to Canada, Matthew Pace says the ruling springs from the notion that leagues have a right to protect their brand by taking steps that preserve value for all franchises.
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Battling Giants–An Attorney Takes On The SEC
June 9, 2009 -- www.madoff-help.com
In a section of the Madoff victims' website called "Meet The Pros," Howard Elisofon does a question-and-answer on our firm's work in clawback counsel and defense and on our action against the SEC on behalf of individual investors who lost money in the Madoff scam.
Media Mention

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Creativity Is The Key To Success
June 1, 2009 -- Mann on the Street
Herrick's bankruptcy practice is profiled in this cover story, focusing on the professional and personal creativity of the practitioners.
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Judge In Adelphia Bankruptcy Gets GM Chapter 11 Case
June 1, 2009 -- Dow Jones Daily Bankruptcy Review
Robert Gerber, the bankruptcy judge assigned to oversee General Motors' Chapter 11 filing, is a good choice for that complex matter, says Joshua Angel, noting that Judge Gerber was a successful bankruptcy practitioner who joined the bench at great financial sacrifice.
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How Supreme Nominee May Side in Industry Fee Case
May 28, 2009 -- Ignites.com
Judge Sonia Sotomayor, nominated for the Supreme Court, does not appear to be pro-business, Jason D'Angelo says, but she has decided cases for business defendants and appears to appreciate the issues that mutual funds face. That will be especially important as the Supreme Court decides an excessive-fee case.
Media Mention

Target Madoff
May 23, 2009 -- Fox News Channel
Therese Doherty discusses clawbacks, and our client Phyllis Molchatsky discusses her action against the SEC, in this one-hour documentary on the Bernard Madoff scandal.
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Obama's Chrysler Hold Up Sets Chilling Precedent
May 19, 2009 -- Fund Strategy
The Obama Administration's actions in the Chrysler bankruptcy -- essentially ignoring the wishes of secured creditors, contrary to bankruptcy law and precedent -- will have a chilling effect on lenders as they consider whether to lend to entities that might seek protection, Stephen Selbst says. Damage from the fallout may exceed benefit from the expedient handling of Chrysler's woes, he says in an article that was also printed in the publication Real Clear Markets.
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NHL, Team in Bankruptcy Showdown
May 7, 2009 -- The Wall Street Journal
The creditors of the bankrupt Phoenix Coyotes -- including the current owner -- could prevail over the National Hockey League and its bylaws in a court battle over who will chart the franchise's future, Stephen Selbst says. Although the league generally controls who may own a team and strongly influence where it is located, creditors and bankruptcy judges keep an eye on enlarging the bankruptcy estate, he says.
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Associate Movers
May 6, 2009 -- The National Law Journal
The National Law Journal, in its Associate Movers column, notes that Marisa Leto joins Herrick as a litigation associate, coming over from Weil, Gotshal & Manges.
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Associate Movers
May 6, 2009 -- The National Law Journal
This item notes that Ross L. Hirsch and Hanh V. Huynh have joined Herrick in, respectively, the litigation and bankruptcy-restructuring groups.
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Victim Assistance: A novel legal complaint against the SEC could win Madoff victims a government bailout -- and a backlash from taxpayers
May 2009 -- NYinc
In the inaugural issue of this publication, Howard Elisofon and our client Phyllis Molchatsky discuss why they have commenced an action against the SEC to recover money lost in the Madoff swindle.
Media Mention

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Making (Some) Sense of the Chrysler Bankrutpcy Filing
April 30, 2009 -- Wall Street Journal Law Blog
Stephen Selbst analyzes the legal, political and business angles surrounding Chrysler's filing for Chapter 11 protection.
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Chrysler Goes Bankrupt
April 30, 2009 -- CNBC Reports
In a live segment on a panel that also included a Wall Street analyst and two prominent journalists, Stephen Selbst analyzes the legal, business and political layers of Chrysler's Chapter 11 filing. He says that Chrysler will emerge but in far longer than the 30 or 60 days the company -- and the Obama Administration -- hope. He also points out that hedge funds that are creditors will seek a better deal on the debt they hold than the administration was offering.
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Lawyers: Madoff Investors Could Face Legal Action
April 23, 2009 -- Newsday.com
Howard Elisofon is quoted in this article about how some Madoff investors who received false profits could face legal action aimed at taking back money they withdrew before the Ponzi scheme was uncovered.
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Madoff Strikes Again
April 23, 2009 -- CNBC
Howard Elisofon appears live to discuss the clawback letters that the SIPC trustee began sending to Madoff victims last Friday.
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Trustee Seeking Return Of Withdrawn Funds
April 22, 2009 -- The Wall Street Journal
Howard Elisofon is quoted in this article about the request for Madoff investors to return money they withdrew in the six years before Madoff’s firm collapsed. Howard notes that this is an insensitive request since many lost more money from the fraud than they took out.
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Investors continue with plan to force Madoff into bankruptcy
April 14, 2009 -- USA Today
Creditors' attempts to force Bernard Madoff into bankruptcy against the wishes of the Department of Justice and court-appointed trustee would give indirect investors -- those who invested through feeder funds -- "a central legal forum" they lack otherwise, Stephen Selbst says. He cautions, however, that the on-going criminal investigation may delay a new bankruptcy trustee while prosecutors decide whether to turn over records.
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Relying on receivers again: As more properties default, court-appointed guardians take over buildings
April 2009 -- The Real Deal
In a story about a marked increase in courts' appointing receivers and trustees on troubled real estate projects, Chris Sullivan says the difference between this downturn and the last recession is that the market now is seeing more unfinished construction projects, whose viability is threatened absent a trustee.
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GM & Bankruptcy
March 31, 2009 -- CNBC Reports
Stephen Selbst tells a live network audience why bankuptcy for General Motors now makes sense.
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Morgan Stanley to pay $7 million in penalties
March 25, 2009 -- The Associated Press
Howard Elisofon is quoted in a story about FINRA's settlement with both Morgan Stanley and our client -- a branch manager at the brokerage -- of regulatory charges that both failed to supervise brokers.
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Morgan Stanley Settles Claim Brokers Misled Retirees
March 25, 2009 -- Bloomberg News
Howard Elisofon is quoted regarding FINRA's settlement of regulatory charges against our client -- a branch manager for a major brokerage -- that he failed to supervise brokers in his branch office.
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M. Stanley to pay $7.2 mln for misleading retirees
March 25, 2009 -- Reuters
Howard Elisofon discusses FINRA's settlement with our client, a Morgan Stanley branch manager who had faced regulatory charges of failure to supervise brokers.
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Name That Dog Park: Suffolk Courts Deals for Cash
March 22, 2009 -- New York Times
In a story about one county's plan to sell naming rights to its parks and beaches, Matthew Pace says government's need for money, people's need for free recreation, and advertisers' needs to reach consumers in non-traditional ways make the plan logical. He cautions, however, that advertisers' images and the facilities' images must mesh well and that government should reserve the right to strike deals if scandal hits the advertiser.
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Should the Gov't Bailout Madoff Victims?
March 17, 2009 -- CNBC's The Call
Therese Doherty advocates for government compensation for Madoff victims, in the form of tax relief, direct payments, or establishment of a victims' compensation fund, in this live debate.
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'Sorry' is not enough, Madoff's victims say
March 13, 2009 -- Los Angeles Times
Steven Feldman questions whether Bernard Madoff hid significant assets outside the country. Had he done so, Steven reasons, he would have retired to a foreign jurisdiction that has no extradition treaty with the United States, rather than to Florida.
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Lewis on Banking Recovery
March 12, 2009 -- CNBC's Power Lunch
Steven Feldman opines that the SEC dropped the ball in investigating Bernard Madoff and notes that our firm has commenced an action against the commission on behalf of a client who was a Madoff victim. Fast forward to 6:25 to see Feldman's analysis.
Media Mention

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When will bad bankers go to jail?
March 12, 2009 -- MSN Money
Steven Feldman says that federal prosecutors -- particularly in the Southern District of New York, where he was an Assistant United States Attorney working on securities and commodoties fraud cases -- are busy investigating cases and bringing charges. He made his comments in a column that notes that securities fraud and banking prosecutions tend to take time and are likely on the way.
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Madoff Hearing Underway
March 12, 2009 -- CNBC's Squawk On The Street
David Rosenfield gives a live overview of the criminal case against Madoff as his plea hearing begins.
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Too Late for Madoff to be Sorry
March 12, 2009 -- CNBC's Squawk On The Street
David Rosenfield opines that Madoff's mea culpa before the federal judge handling his criminal case will not lessen his eventual sentence.
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Madoff Admits to Ponzi Scheme
March 12, 2009 -- CNBC's Squawk Box
David Rosenfield weighs in on Madoff's likely lifetime incarceration and other aspects of the criminal case against him in a live segment from CNBC's set at the New York Stock Exchange.
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Madoff Guilty Plea
March 12, 2009 -- CNBC's Squawk On The Street
As Madoff pleads guilty at the nearby federal courthouse, David Rosenfield gives live analysis of a number of facets of the criminal case against him.
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Madoff's Massive Fraud
March 12, 2009 -- CNBC's Power Lunch
Steven Feldman discusses bail issues, possible further targets of investigations, the tactics and strategies of prosecutors and defense counsel, and tracing the sources of relatives' assets as Bernard Madoff pleads guilty to criminal charges.
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Madoff's Guilty Plea to All Eleven Counts
March 12, 2009 -- CNBC's Power Lunch
On the day Bernard Madoff pleads guilty to a variety of criminal offenses, Steven Feldman discusses Madoff's likely sentence and his possible quality of life in jail and prison.
Media Mention

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Madoff's Guilty Plea and Jail Time
March 12, 2009 -- CNBC's Power Lunch
Steven Feldman analyzes the SEC's role and missteps in the Madoff fraud.
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Madoff to plead guilty, his lawyer says
March 11, 2009 -- Los Angeles Times
As Bernard Madoff contemplates pleading guilty, Steven Feldman analyzes the likelihood that the judge will continue Madoff's bail pending sentencing.
Media Mention

Spotlight
March 9, 2009 -- CNN Headline News
Howard Elisofon and our client, Phyllis Molchatsky, appear live to discuss the Madoff case and Phyllis' complaint against the SEC in which she hopes to recover money she lost.
Media Mention

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Prosecutors indicate Bernard Madoff plea deal may be in works
March 7, 2009 -- Los Angeles Times
Amid speculation that Bernard Madoff was going to plead guilty to charges stemming from his fraud, Steven Feldman analyzes the process and the tactics employed by prosecutors and defense counsel.
Media Mention

Madoff Plea Deal
March 6, 2009 -- CNBC Reports
David Rosenfield tells CNBC viewers why a plea deal in the Madoff case is likely and what a plea would mean to all parties.
Media Mention

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Madoff clients' lawsuits look to others for recompense
March 4, 2009 -- USA Today
Howard Elisofon and our client Phyllis Molchatsky discuss why we filed an action against the SEC in the Madoff matter.
Media Mention

Bankruptcy Practice Gains Prominence Amid Financial Crisis
February 27, 2009 -- Dow Jones Newswire's Daily Bankruptcy Review
Joshua Angel is quoted on why, in relatively recent times, the practice of bankruptcy law has become more highly regarded in the legal and corporate worlds. The sophistication of the cases and their multi-disciplinary nature has elevated them to prominence, Josh says.
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R. Allen Stanford Still Not Charged
February 19, 2009 -- CNBC
In a live appearance, Therese Doherty explains that investors need to do their own due dilligence and not count on the SEC to protect them fully.
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Madoff’s Victims are Mad, Mad, Mad But Do They Have a Right To Be?
February 6, 2009 -- Wall Street Journal Law Blog
Stephen Selbst weighs whether Irving Picard, the Madoff bankruptcy trustee, acted properly in releasing the names of Madoff's victims. Although he understands that victims will not be pleased to be named publicly, Stephen notes that the bankruptcy code encourages openness in such matters because it sometimes can help trustees find more money to enlarge the pot of money from which restitution will be made.
Media Mention

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3rd Circ. Holds Lucent As Insider In Winstar's Demise
February 5, 2009 -- Law360
David King discusses the Third Circuit's favorable finding in the WinStar bankruptcy matter.
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NY Investment Exec Charged In $370M Ponzi Scheme
January 28, 2009 -- Securities Law 360
This story about the arrest of Nicholas Cosmo for allegedly running a Ponzi scheme on Long Island notes that Arthur Jakoby and Steven Feldman represent Cosmo and arranged for his voluntary surrender to authorities.
Media Mention

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Court papers detail Nicholas Cosmo's life, businesses
January 28, 2009 -- Newsday
This story notes that Arthur Jakoby and Steven Feldman represent Nicholas Cosmo, who was charged with running a Ponzi scheme on Long Island.
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Cosmo Surrenders, Faces Mail-Fraud Charge in Alleged Scheme
January 27, 2009 -- Bloomberg News
This wire story, which was picked up in numerous publications nationally, notes that Arthur Jakoby and Steven Feldman represent Nicholas Cosmo, who was charged with running a Ponzi scheme on Long Island. The Herrick attorneys arranged for Cosmo's voluntary surrender to authorities.
Media Mention

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Caped Crusaders of the Courts: Top N.J. judges lift ban on advertising ‘Super Lawyer’ status
January 26, 2009 -- NJBiz
Rachel Engelstein analyzes the pros and cons of a recent New Jersey Supreme Court ruling that allows law firms to include in their advertising and marketing that they were named by magazines to elite lists of attorneys.
Media Mention

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New City woman targets SEC for Madoff loss
January 23, 2009 -- The Journal News
Howard Elisofon discusses the etiology and legal basis for our complaint against the SEC on behalf of a Madoff victim, who appears on video in the newspaper's on-line version.
Media Mention

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Victim: Madoff took 'all my money'
January 22, 2009 -- MSN Money
Howard Elisofon is quoted at length -- and appears in two video clips -- in this multi-media story about our client Phyllis Molchatsky, the first Madoff victim to commence an action against the SEC.
Media Mention

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Madoff Trustee Picard May Take Five Years to Pay Back Investors
January 21, 2009 -- Bloomberg News
Joshua Angel discusses the proclivities of Irving Picard -- the court-appointed trustee in the Madoff bankruptcy -- and how they may affect his work on behalf of victims.
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Feds put Madoff victims on hot seat
January 15, 2009 -- Crain's New York Daily Alert
Howard Elisofon warns that Madoff victims who redeemed principal and are considering applying for SIPC coverage may be giving the court-appointed trustee a road map to suing them to claw back the redemptions.
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The President and His BlackBerry: Much Ado About Something?
January 14, 2009 -- E-Commerce Times
Ronald Levine applies the advice he gives his corporate clients about the possible dangers of blackberry use to President-elect Obama's well-chronicled affinity for using his blackberry.
Media Mention

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Madoff Leaves NYC Apartment
January 14, 2009 -- CNBC's Power Lunch
In a lengthy live segment, Steven Feldman analyzes why federal law indicates that Bernard Madoff should remain free on bail, despite the severity of the crime with which he is charged.
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Court refuses to jail Madoff for alleged bail violation
January 13, 2009 -- Los Angeles Times
Steven Feldman argues that bail is not designed to punish defendants, but only to ensure their appearance in court and that they do not pose a threat to the community, in this article about the bail-or-jail debate in the Madoff case.
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Madoff Saga Continues
January 12, 2009 -- CNBC Reports
In a live broadcast, Steven Feldman debates a plaintiff-side securities lawyer -- and the anchor -- over whether Bernard Madoff's bail should be revoked. Feldman points out that bail is not meant to punish defendants, only to ensure that they appear in court and cannot harm the public.
Media Mention

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Lifting the Lid-Madoff clients fear getting shut out of refunds
January 8, 2009 -- Reuters
Howard Elisofon analyzes the hurdles that some Madoff victims may face as they seek redress from SIPC, and some strategies that might help them get relief.
Media Mention

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Lawyer says Madoff cooperating with U.S. probes
January 6, 2009 -- Reuters
Steven Feldman tells Reuters that the government's attempt to revoke Bernard Madoff's bail may be a sign that his cooperation in the investigation of his alleged fraud may be waning, but that bail should be continued unless the government can show that he's a flight risk or danger to the community.
Media Mention

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Prosecutor: Madoff gifts included diamond necklace
January 6, 2009 -- USA Today
David Rosenfield tells USA Today that bail in federal criminal cases is to prevent defendants from fleeing or causing harm to the community, and that, by those standards, Madoff seems to be a candidate for bail, notwithstanding the public outcry against it.
Media Mention

Retiree announces intention to sue SEC for not uncovering alleged Madoff scam
January 5, 2009 -- IA Week
Our action against the SEC on behalf of a client who lost money in the Madoff fraud is noted in this story.
Media Mention

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Madoff Investor Files Administrative Claim Against SEC Seeking $1.7 Million Damages
January 5, 2009 -- BNA Securities Regulation & Law Report
This story, reprised in two sister publications, notes that our client was the first victim of Bernard Madoff's fraud to commence an action against the SEC.
Media Mention

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Congress Probes SEC
January 5, 2009 -- CNBC Reports
David Rosenfield live, alongside former SEC Chairman Harvey Pitt, analyzes the SEC's failure to uncover the Madoff scheme.
Media Mention

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The Madoff Agenda
December 31, 2008 -- CNBC's Power Lunch
David Rosenfield, in a live appearance during the trading day, analyzes which of Madoff's victims will have access to relief from SIPC, Madoff's likely disclosures to federal authorities about his remaining assets, whether he likely acted alone, and whether an insanity defense might fly.
Media Mention

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Madoff & His Hidden Money
December 30, 2008 -- CNBC Reports
David Rosenfield appears in a live, prime-time segment discussing Herrick, Feinstein's lawsuit against the SEC over its failure to adequately investigate the Madoff Ponzi scheme, what the litigation landscape may look like, and other Madoff-related topics.
Media Mention

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2 More Investor Class Actions Filed In Madoff Case
December 29, 2008 -- Securities Law 360
This story notes that we were the first law firm to commence an action against the SEC on behalf of a victim of the Bernard Madoff fraud.
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Market's ripe for flimflams, broker scams
December 28, 2008 -- The Star-Ledger
Arthur Jakoby discusses how rogue securities brokers who repeatedly thwart regulators' attempts to reign them in pose a danger to legitimate investors. He notes this phenomenon in an article about a longtime New Jersey swindler and how difficult economic times breed financial misdeeds.
Media Mention

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Madoff Litigation Mounts
December 24, 2008 -- Fox Business Channel
In a live segment, Howard Elisofon describes our action against the SEC on behalf of a client who lost her life savings in the Madoff affair. Howard discusses sovereign immunity, why we believe our claim against the SEC can trump that likely defense, tax issues that Madoff's victims face and the possibility of the court-appointed receiver's seeking claw-back disgorgements.
Media Mention

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CRE Clarifies Its Fed Request
December 23, 2008 -- GlobeSt.com
Elizabeth Holtzman analyzes the obstacles that commercial real estate entities might face -- and how they might overcome them -- as they seek federal rescue money to prop up their flagging industry.
Media Mention

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Blame the Government? N.Y. woman suing SEC for losses in Madoff scheme
December 23, 2008 -- Fox News Channel
Howard Elisofon explains why our client is making a claim against the SEC and why, he believes, the claim can pierce the cloak of sovereign immunity.
Media Mention

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Madoff Victim Sues SEC
December 23, 2008 -- CNBC's Power Lunch
Howard Elisofon describes our action against the SEC on behalf of a client who lost money she had invested with Bernard Madoff's funds. He analyzes why -- despite sovereign immunity -- he believes the SEC is vulnerable here.
Media Mention

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New York investor sues SEC over losses in Madoff fund
December 23, 2008 -- Bloomberg News
Howard Elisofon explains why we commenced an action against the SEC on behalf of our client, an investor who was nearly wiped out in the Madoff affair. He discusses why the SEC is potentially liable for money damages despite its likely claim of sovereign immunity.
Media Mention

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Investor tries to hold SEC liable for Madoff losses
December 23, 2008 -- Reuters
In a story picked up nationally and internationally, Howard Elisofon explains why we commenced an action against the SEC on behalf of our client whose life savings were nearly wiped out in a fraud allegedly perpetrated by Bernard Madoff. Howard discusses the government's likely defense of sovereign immunity and explains why we view the SEC as potentially liable for money damages.
Media Mention

Investor Who Lost Money in Alleged Scheme Seeks Relief From SEC
December 23, 2008 -- The Wall Street Journal
Howard Elisofon announces that we are the first law firm to commence an action against the SEC on behalf of a victim who lost money in the fraud allegedly perpetrated by Bernard Madoff. Howard discusses the government's likely claim of sovereign immunity and our belief that the SEC's actions leave it liable for money damages for failing to detect or contain the fraud.
Media Mention

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Madoff: Bail or Jail?
December 18, 2008 -- CNBC's Power Lunch
Steven Feldman argues that despite public outcry, Bernard Madoff was properly granted bail because he is neither a flight risk nor a danger to the community. Feldman notes that laws regarding bail proscribe using it as punishment and require judges to use the least restrictive means possible to ensure defendants' appearance in court.
Media Mention

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Madoff Comes Out of Hiding
December 17, 2008 -- CNBC Reports
Steven Feldman argues that bail was appropriate for securities fraud defendant Bernard Madoff because he is neither a flight risk nor a danger to the community.
Media Mention

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Madoff's Many Victims?
December 16, 2008 -- CNBC Reports
Appearing live, Therese Doherty discusses the SEC's role in investigating alleged frauds such as the one that Bernard Madoff is accused of perpetrating.
Media Mention

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Gov. blasts all-male slate for chief judge
December 3, 2008 -- Crain's New York Daily Alert
Elizabeth Holtzman supports Governor Paterson for criticizing a nominating commission that did not include any women on its seven-person list of possible candidates for chief judge of the Court of Appeals. State law requires the governor to choose a chief judge from among those nominated by the commission, and the governor -- and Liz -- expressed dismay that the commission did not include any women.
Media Mention

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Chewing Over a Big Three Chapter 11 Filing
December 1, 2008 -- Wall Street Journal Law Blog
Stephen Selbst discusses the difficulties that Big Three automakers would encounter if they file for Chapter 11 protection. He discusses the different agendas that companies have when they file for bankruptcy -- reorganization versus liquidation -- and how Chapter 11 would affect Chrysler, GM and Ford.
Media Mention

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Virtual Worlds: It's a Legal Jungle in There
November 26, 2008 -- E-Commerce Times
Steven Feldman notes that virtual worlds such as Second Life could be breeding grounds for securities fraud, with people using avatars to spread insider information or perpetrate pump-and-dump schemes. He analyzes how defense attorneys are likely to neutralize prosecutions of fraud.
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Multifamily Benefits in TARP’s Latest Twist
November 26, 2008 -- GlobeSt.com
Neil Shapiro opines that the Fed's decision to buy up to $100 billion of debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Banks and as much as $500 billion of mortgage securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae will result in a short-term reduction in spreads on these obligations but not necessarily increase private investors' confidence.
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What if GM goes broke?
November 19, 2008 -- MSN Money
Stephen Selbst is quoted on the possible impacts of a bankruptcy filing by General Motors, including diminution of wages and pension payments.
Media Mention

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Hudson River Park Board Weighs Proposals for 15th Street Pier Development
November 19, 2008 -- The New York Times
This story notes that our client, Youngwoo & Associates, is proposing a $191 million pier project at the western terminus of 15th Street in Chelsea. The proposal includes a new home for a major auction house, a contemporary cultural center consisting of art galleries and concert space, public access to the waterfront, and a large public market similar to Seattle's Pike Place.
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Some local auto dealers urge lawmakers to rescue industry
November 14, 2008 -- The Boston Globe
In this story about New England-based auto dealers lobbying lawmakers to rescue the auto manufacturing industry, Stephen Selbst opines that each of the Big 3 has too many dealerships. He predicts that larger auto dealerships will survive but smaller ones will perish.
Media Mention

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Automakers & Bankruptcy
November 11, 2008 -- CNBC Reports
Stephen Selbst is part of a live, primetime panel analyzing what bankruptcy would mean to the Big 3 American automakers and the ancillary industries that supply them. He touches on the need for a government rescue package, possible job loss, ERISA/pension issues, historical perspective, consumer confidence and warranties.
Media Mention

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Garcia Takes Spitzer Off Hook; SDNY Will Not Seek Charges
November 6, 2008 -- WSJ.com -- The Wall Street Journal Online
Steven Feldman is quoted on the likely reasons that the U.S.Attorney for the Southern District publicly cleared Elliot Spitzer of criminal wrongdoing, announcing that he would not charge the former governor under the Mann Act. Steven notes that an average citizen would not be publicly cleared but that the U.S. Attorney, a Bush appointee, apparently wanted to tie up loose ends before both leave office in January.
Media Mention

Midsize deals suddenly the only game in town
November 3-9, 2008 -- Crain's New York Business
Rick Morris is quoted in a story that examines the M&A landscape and notes that the action has shifted from the multi-billion-dollar mega-deals to the middle market. Rick notes that larger law firms tend to overstaff middle market mergers, with an inference that their methods aren't cost-effective for middle market clients.
Media Mention

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Should You Sue?
November 3, 2008 -- New York Post
In this sidebar to a main story in which she is also featured prominently, Mara Levin opines that there are relatively few causes of action upon which plaintiffs can rely to sue their employers successfully.
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Rough Justice: Workers Are Suing Their Employers In Growing Numbers, But Many Have Cause To Regret It
November 3, 2008 -- New York Post
Mara Levin is quoted regarding tactics that defense attorneys use when employees sue their employers, in this story about the pitfalls of such litigation from the plaintiffs' perspective.
Media Mention

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If This Picture Could Talk: A Malevich painting's long route to the auction block
November 1, 2008 -- Wall Street Journal
This story mentions the efforts of Larry Kaye and Howard Spiegler to secure for our clients the return of valuable art, including a painting by Kazimir Malevich, that was looted by the Nazis. Kaye and Spiegler are noted for their seven-year negotiations with two museums that came into possession of the painting, as part of its 60-year odyssey that culminated in its sale at auction.
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Ex-Olympic skater, students file discrimination suit against Hackensack ice rink
October 30, 2008 -- The Star-Ledger
Matthew Hawkins is quoted regarding his defense of a discrimination lawsuit against our client, a New Jersey skating rink, after a judge refused to issue an order that would have forced the rink to give coveted ice team to figure skaters who were asked to train elsewhere.
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Israeli skaters accuse local ice rink of discrimination
October 29, 2008 -- The Record of Hackensack
Matthew Hawkins disputes two figure skaters' claims that our client, a New Jersey ice rink, discriminated against them because of their national origin when the rink denied them coveted premium ice time to train.
Media Mention

DOJ Seeks Credit Crisis Roots, Increased Probes Likely
October 14, 2008 -- Compliance Week
David Rosenfield is quoted about possible charges arising from the FBI's criminal investigation into the meltdown of the financial sector. He speculates that Congress may initiate legislation that would be analogous to the Patriot Act or Sarbanes-Oxley.
Media Mention

The Art World
October 2008 -- American Lawyer
This item notes that Herrick has a renowned international art law practice without having offices overseas. It highlights some of our most notable wins in art recovery and quotes Mari-Claudia Jiménez on the likelihood that Cuba may be the next frontier for recovery of nationalized art, particularly as the political landscape there changes.
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Gov Considers Many Scenarios with Bailout Tools
October 10, 2008 -- GlobeSt.com
This article quotes Gary Eisenberg on the possible pitfalls and shortcomings of the government's $700 billion rescue of the financial services industry.
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Instruments of Finance -- And Confusion
September 28, 2008 -- The Star-Ledger
Stephen Selbst is quoted in a front-page story on issues related to the $700 billion bailout/rescue -- what the fund's prospectus would look like, and the skepticism it would trigger, if there were a prospectus.
Media Mention

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Executive Moves
September 28, 2008 -- The Star-Ledger
This items notes that Gary Young and Paul Gregory recently joined the firm.
Media Mention

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Politics Threaten Federal Rescue Plan
September 25, 2008 -- GlobeSt.com
Elizabeth Holtzman is quoted in a story on the $700 billion plan to rescue struggling Wall Street firms, opining that Congressional insistence on oversight, transparency and possible judicial review is necessary and not driven by partisan politics.
Media Mention

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Industry Insider: Business Of Law -- Burning Questions
September 12, 2008 -- The Star-Ledger
Ronald Levine is the subject of a Q&A about being a lawyer for lawyers and counsel to Herrick, Feinstein -- a look at ethics and best practices in the legal profession.
Media Mention

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Herrick Nabs U.S. Prosecutor For White-Collar Group
August 18, 2008 -- Securities Law 360
This story notes Steve Feldman's arrival as a white collar partner at Herrick, as well as his significant background in criminal and civil litigation.
Media Mention

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Point, Click, Sue
August 14, 2008 -- CNBC's Squawk On The Street
Susan Dwyer debates, on live network television, a plaintiffs' attorney on the merits of websites that match prospective plaintiffs with trial lawyers.
Media Mention

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In Slow Times, Rezoning Appeals To Developers
August 12, 2008 -- New York Times
Mitchell Korbey is quoted at length in a story about how in slow times for development, real estate developers look to rezone their underzoned properties and obtain other special permits.
Media Mention

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Ban on 'SuperLawyer" Ads Could Be Lifted
July 14, 2008 -- The Record of Hackensack
Patricia Graham is quoted on the possibility that the New Jersey State Supreme Court will lift its ban on the state's lawyers using 'SuperLawyer' designations in advertising.
Media Mention

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Cracking Down on Shoddy Condos
July 2008 -- The Real Deal
Doug Heller is quoted in an article on the attorney general's office's effectiveness in reviewing condo offering plans and enforcing codes.
Media Mention

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Stock Exchange’s Ex-Chief Wins Battle to Keep Pay
July 2, 2008 -- The New York Times
Carol Goodman is quoted regarding recent court rulings about Richard A. Grasso's attempt to keep his compensation package intact.
Media Mention

New Mixed-Use Building in SoHo HD Approved
June 15, 2008 -- Cityland
Mitch Korbey is mentioned regarding his successful representation of Rocksprings before the City Planning Commission.
Media Mention

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Cuomo Cracks Down on NY Real Estate Fraud
May 7, 2008 -- Crain's New York Business
Doug Heller is quoted on initiatives of the Attorney General's Real Estate Finance Board to review condo plans more quickly and enforce habitability issues.
Media Mention

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Stringer Honors Holtzman
March 25, 2008 -- Daily News
Elizabeth Holtzman is the subject of an article noting that Manhattan Borough President Scott Stringer honored her as part of the celebration of Women’s History Month.
Media Mention

Carrion Assembles Advisers for Comptroller Campaign
March 7, 2008 -- The New York Sun
Elizabeth Holtzman is the subject of an article about her serving as co-chair of Adolfo Carrion's city comptroller campaign.
Media Mention

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Two More Co-Chairs for Carrion
March 6, 2008 -- The New York Observer
Elizabeth Holtzman is the subject of an article about her serving as co-chair of Adolfo Carrion's campaign for city comptroller.
Media Mention

Grandmother Fights for Nazi-stolen Art
February 20, 2008 -- The Journal News
Elizabeth Holtzman is quoted in an article about attempts by her client Martha Nierenberg to reclaim family paintings that were stolen by the Nazis.
Media Mention

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Monumental Mission
February 2008 -- Smithsonian Magazine
Charles Goldstein is quoted in an article about the scale of cultural theft by the Nazis during World War II.
Media Mention

Eyewitness News
January 13, 2008 -- ABC
Elizabeth Holtzman discusses why women should vote for Hillary Clinton in the presidential race.
Media Mention

Tobacco Litigation & Tort Reform
January 11, 2008 -- CNBC
In this live network appearance, Susan Dwyer analyzes and debates tort reform as it relates to tobacco litigation.
Accolade

Government Relations counsel Liz Holtzman selected as a member of the 2008 DirectWomen Board Institute
December 1, 2007 -- DirectWomen Board Institute
Government Relations counsel Liz Holtzman was selected as a member of the 2008 DirectWomen Board Institute, the goal of which is "to position an elite group of exceptional senior women lawyers for service as directors of major U.S. corporations."
Media Mention

No Paper, More Problems: Data Digging Can Be a Legal Headache
November 9, 2007 -- The Record of Hackensack
Jenny Smith Finnegan contributes to a "tips" section of a story that examined what businesses can do to prepare for a lawsuit involving electronically stored records.
Media Mention

Firm's Disqualification Denied; Prior Representation Found Not 'Substantially Related' to Instant Matter
October 11, 2007 -- New York Law Journal
A case in which our adversary unsuccessfully moved to disqualify us as Clear Channel's counsel is the subject of this story.
Media Mention

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Domino Developers $weet on Lobbyists
October 5, 2007 -- New York Post
This story notes Herrick's involvement as counsel and government relations specialist on behalf of clients CPC Resources and Isaac Kataan in connection with their development of the Domino Sugar factory in Brooklyn.
Media Mention

49 WB LLC v. Village of Haverstraw
October 2007 -- Law.com
Scott Mollen's New York Law Journal column on eminent domain takings post-Kelo is noted.
Media Mention

Gender Discrimination Litigation
September 27, 2007 -- CNBC
Carol Goodman, live on network television, discusses gender discrimination litigation against Bloomberg LP and ways that companies can avoid and defend against such suits.
Media Mention

Realty Law Digest
September 19, 2007 -- New York Law Journal
Mark Levine is quoted regarding the need for purchasers of real estate to consult with land use counsel prior to going to contract if they intend to develop the property further or alter its current use, or if changes to prevailing zoning would affect the property's value.
Media Mention

City of Amsterdam Can be Sued in US
September 2007 -- The Art Newspaper
Howard Spiegler and Larry Kaye are mentioned regarding their representation of the heirs of the artist Kazimir Malevich in litigation to recover artwork from the Stedelijk Museum, which is owned by the city of Amsterdam.
Media Mention

Congress’ War on Wealth
July 11, 2007 -- CNBC
Irwin Latner discusses, on live network television, the merits and pitfalls of various levels of government regulation of hedge funds.
Media Mention

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Show Will Feature Paintings Looted by Nazis
July 1, 2007 -- The New York Times
Larry Kaye is mentiioned in a story about an art exhibit that was to feature paintings looted by the Nazis. The story noted that the exhibit pointed out not only the caliber of much of looted art, but also the decades-long struggle that some rightful owners face when trying to recover valuable art that was misappropriated.
Media Mention

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Lifting the Lid: Investors Press Claims in Lengthy JDSU Case
June 28, 2007 -- Reuters
Arthur Jakoby is quoted on class action defense matters.
Media Mention

Mortgage Fraud Skyrocketing in Jersey
June 17, 2007 -- The Star-Ledger
Jaimee Katz Sussner is quoted on the proliferation of mortgage fraud in New Jersey, and authorities; and attorneys' attempts to curb it.
Media Mention

Executive Compensation: Who Should Decide?
May 29, 2007 -- CNBC
Carol Goodman, live on network television, analyzes what roles the government and corporate boards of directors and compensation committees should have in determining executive compensation.
Media Mention

Debating the Benefits of Eminent Domain
April 15, 2007 -- The Record of Hackensack
Scott Mollen is quoted on how the U.S. Supreme Court eminent domain ruling in Kelo did not create a license for abuse, and that private developer involvement is often necessary to accomplish projects that serve important public purposes.
Media Mention

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Stolen Artworks and the Lawyers Who Reclaim Them
March 28, 2007 -- The New York Times
Howard Spiegler and Lawrence Kaye are featured in this article about the Herrick, Feinstein art recovery practice and the larger issues in looted and stolen art and its recovery.
Media Mention

The Bounty Hunters
March 23, 2007 -- Wall Street Journal
Lawrence Kaye is the focus of this article -- and fellow Herrick art law partner Howard Spiegler is mentioned -- on the growth in the field of art recovery.
Media Mention

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Bill Rips Times' Hill Bashing
March 16, 2007 -- New York Post
Elizabeth Holtzman is mentioned for having attended a fundraiser for Hilary Clinton at the apartment of prominent mortgage executive Keith Kantrowitz.
Media Mention

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Recovered Artworks Heading to Auction
February 22, 2007 -- The New York Times
Larry Kaye is quoted regarding the sale of more than 100 Old Master pictures from the famed Goudstikker collection by Herrick's client, Marei von Saher, Goudstikker's sole heir. Kaye notes that although the works were recovered after having been looted, they represented only a fraction of the valuable artwork that was pilfered.
Media Mention

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An art trove, looted by the Nazis and recovered, is going on sale
February 22, 2007 -- International Herald Tribune
Larry Kaye is quoted on the recovery from the Dutch government and sale of 100 Old Master pictures from the collection of the famed Dutch art dealer Jacques Goudstikker, whose collection was looted by the Nazis. Herrick represented Goudstikker's lone heir, Marie von Saher, in the recovery of the art and its sale.
Media Mention

Realty Law Digest
February 7, 2007 -- New York Law Journal
Mitch Korbey is quoted on pre-application conferences.
Media Mention

Governmental Control Over Executive Compensation: Pros and Cons
February 1, 2007 -- CNBC
Carol Goodman, in a live network appearance, analyzes what roles the government, corporate boards, and compensation committees should have in determining the level of compensation for corporate executives.
Media Mention

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Cuomo Considered the Ultimate Pragmatist
December 2006 -- The Real Deal
Doug Heller is quoted regarding the likelihood that Andrew Cuomo, then incoming New York State Attorney General, would create processes for speedier review of condo plans.
Media Mention

Builder Licensing Bill Heads For Approval
November 2006 -- The Real Deal
Kevin Fullington is quoted in a story regarding new rules that would regulate developers of one-, two- and three-family homes in New York.
Media Mention

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Trader of the Lost Art
September 24, 2006 -- Sunday Times Magazine, London Sunday Times
Larry Kaye is quoted regarding his efforts to recover art for Marei von Saher.