Benson family battle for Saints, Pelicans, a matter of trusts
January 23, 2015 -- The Times-Picayune
John Goldman was quoted in The Times-Picayune regarding a family feud in New Orleans involving Tom Benson, the owner of the New Orleans Saints and New Orleans Pelicans, and succession plans that have led to several lawsuits. From his “business divorce” experience -- helping to resolve family disputes over businesses, real estate and wealth generally -- and his perspective from decades of handling sports matters, Goldman predicted that NFL and NBA league leaders were already urging the Benson family to resolve their legal disputes quickly and efficiently. “In family disputes, emotions get very high,” John said. “It can really be an issue.”
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.