Supreme Court rules in favor of Herrick client Marei von Saher, denying Petition for Certiorari in Nazi-Looted Art Case Von Saher vs. Norton Simon Museum of Art at Pasadena, et al.
January 20, 2015
On January 20, 2015 the Supreme Court denied the Norton Simon Museum of Art's petition for certiorari in Von Saher vs. Norton Simon Museum of Art at Pasadena, et al., a long-running dispute between the museum and Herrick client Marei von Saher, over ownership of the Nazi-looted artworks 'Adam' and 'Eve' by Lucas Cranach the Elder. The petition sought review of a 9th Circuit Court of Appeals decision that reinstated Ms. Von Saher's case. Herrick Art Law Group co-chair Lawrence M. Kaye's comments on the decision were featured in a number of publications, including The Art Newspaper, Associated Press and the Pasadena Star-News. In the latter article, Mr. Kaye stated "our client is extremely happy that the court did not see fit to hear this appeal," while noting that Ms. von Saher "looks forward to presenting her case and finally getting a fair and just resolution."
Mitch Korbey Appointed to the Regional Plan Association’s New York Committee
January 16, 2015
Herrick Land Use & Zoning chair Mitchell Korbey was appointed to the New York Committee of the Regional Plan Association Committee (RPA), the oldest independent planning committee in the U.S. In this role, Mitch, who prior to joining Herrick served as commissioner of the New York City Board of Standards of Appeals, will help to shape the RPA’s efforts to improve New York’s economic health, environmental sustainability and quality of life.
NY Biz Court Getting Fed Up With 'Merger Tax' Suits
January 12, 2015 -- Law 360
Richard Morris was quoted in a Law360 story regarding a recent New York judge's ruling that criticized a plaintiff's firm for litigation challenging the $2.7 billion acquisition of Texas Industries Inc. by Martin Marietta Materials Inc. The judge called the case "troubling" for a settlement that resulted in "trivial" disclosures to shareholders and a $500,000 fee to the plaintiff's firm. "There's always a tension you are going to have as a judge between allowing people to have their day in court and allowing for these lawsuits," Richard said. "But there's no reason why a shareholder should be allowed to simply to extract a merger tax."
Herrick, Feinstein Names Five New Partners
January 7, 2015
Herrick, Feinstein LLP announced today that the firm has promoted five attorneys to partner, effective January 1, 2015. All of the newly named partners are based in Herrick's New York City office.
Despite Detente, Search for Art Looted in Cuba Could Take Years
January 7, 2015
Mari-Claudia Jimenez was quoted in a Reuters story regarding the recovery of looted art in Cuba and the potential increase in claims as Cuba and the United States restore relations. "We get calls once every few months from someone who is looking to recover their artwork and certainly I think there has been an increase in those calls lately," Jimenez said. "People are starting to ready themselves to try to think of 'How am I going to deal with going back to Cuba? Am I going to get anything back?'" Jimenez advises potential clients that it is too early to know how Cuban politics will play out but that now is a good time to start assembling documents proving ownership.