Lawsuit Challenges New York’s Charter School Funding Law
September 17, 2014 - New York Law Journal
The New York Law Journal reported on Herrick’s representation of the plaintiffs in Brown v. New York, a lawsuit challenging New York State’s method of funding public charter schools, which gives charter students as little as three-fifths of what district students receive in the same community, violates the state Constitution and disproportionately affects children of color and lower incomes.
New York Cases Show Hurdles of Arbitration Challenges
September 10, 2014 - New York Law Journal
Scott Mollen is quoted in the New York Law Journal in an article analyzing the obstacles practitioners face when challenging an arbitration award in New York. When asked to comment on the finality of an arbitration award, Mollen said, “Most arbitration awards are confirmed. Practitioners know it is difficult to overturn an arbitration award.”
Bloomberg Radio: "Taking Stock"
September 4, 2014
Bloomberg Radio interviews Irwin Kishner on his work as legal advisor to the New York Yankees. To listen, click here.
Hedge Fund Alert
June 11, 2014
Irwin Latner was mentioned, and Herrick was named a top hedge fund law practice in Hedge Fund Alert, a newsletter devoted to the fund management industry. In doing so, Hedge Fund Alert cited Herrick’s diverse client roster of emerging and mid-sized managers, family offices and seed investors, and a “full-service practice that covers funds across diverse asset classes, including hybrid vehicles and those that invest in niche securities.”
First Citizens Deal Spotlights Role of Independent Committees
August 15, 2014 - American Banker
Richard Morris opines on the need for special committees in unusual M&A situations, such as the one between First Citizens BancShares and First Citizens Bancorp – a merger where the controlling shareholders on both sides belong to the same family. In the article, Morris says that in order to ensure against a conflict of interest, a special committee of “intelligent, active, involved directors that are not part of the family" should be formed to provide a second opinion on the deal. According to Morris, buyer and sellers should also hire their own lawyers and investment banks. "The special committee is there to protect and serve the shareholders, and to do so they've got to be well-equipped. You don't send someone out to plow a field with a teaspoon."