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Wake Up Call: Bankrupt Pharma Co.'s Lawyers Oppose Fees for Cole Schotz

June 21, 2019, 11:21 AM
  • Bankrupt Synergy Pharmaceuticals Inc., represented by New York firms Skadden, Arps, Slate, Meagher & Flom, Kirkland & Ellis, and others, asked a federal bankruptcy court to reject a request to pay $112,000 to Cole Schotz, which is representing some shareholders. Lawyers for the gastrointestinal therapy developer said the administrative fee request by New Jersey-based Cole Schotz should be rejected, because the firm doesn’t have standing to bring such a claim under bankruptcy law. (BLAW)

  • Goodwin Procter is poised to pocket $2.5 million for its work on San Francisco-based Slack Technologies, Inc.’s initial public offering, according to a filing. Latham & Watkins is also advising on the listing. (BLAW via BLB)

  • Greenberg Traurig said its Latin America practice will be headed by its Mexico City office managing shareholder, José Raz Guzmán, and New York-based shareholder Marc M. Rossell, a capital markets attorney. The multidisciplinary practice has about 100 lawyers across 41 offices, it said. The announcement came after the Florida-based firm lost a Miami-based nine-lawyer, four-partner, Latin America team to Morrison & Foerster. (

  • JPMorgan workers want their attorneys to get $25 million of a $75 million class settlement that resolved claims the company invested its stable value funds in risky assets. Morgan Lewis & Bockius is representing JP Morgan. (BLAW)

  • Legal fees in a wage case settlement don’t need approval from a judge, an appeals court ruled. The ruling reverses a trial court that had approved employees’ near $2 million settlement with Big River Steel LLC in a wage dispute, but halved the $62,000 attorney fees. (BLAW)

  • Big Four accounting firm EY hired Bank of America Merrill Lynch’s longtime general counsel for Europe, the Middle East and Africa, Sajid Hussein, who starts at the firm July 1 as a partner and general counsel for Europe, the Middle East, India and Africa. Hussein has led Deutsche Bank’s London-based legal department and been an associate at Allen & Overy in both London and Paris. (International via

  • Jail resident Martin Shkreli settled his $30 million lawsuit against the former CEO of Retrophin Inc. and two other executives. (BN via BLAW)

Lawyers, Law Firms, Deals

  • Kirkland & Ellis’ Javier Rubinstein international arbitration partner is working pro bono to help pro tennis player Anna Tatishvili get back the $51,250 prize money she was stripped of at the French Open for allegedly not trying hard enough. (BLAW via BLB)

  • Retired federal appeals judge Richard Posner has joined AI-powered litigation finance startup Legalist as an adviser. (American Lawyer)

  • A criminal securities fraud case against Texas Republican Attorney General Ken Paxton is on the rocks after an appeals court affirmed its own ruling that blocks the pay of special prosecutors for the case. (

  • Gap Inc. associate general counsel Marie Ma says law students should consider “alternative paths” to get where they want to go. Ma got her law degree taking night classes at the University of San Francisco Law School, while working as a paralegal at Gap. She’d earlier worked as a paralegal at Fenwick & West. (Corporate Counsel)

  • With Asian Americans making up 23.4% of its lawyer headcount, Fenwick & West is arguably “the MIT of Big Law.” (American Lawyer)

  • Sidley Austin said it represented Washington state-based bank HomeStreet, Inc. in its successful proxy contest defense against activist hedge fund Roaring Blue Lion Capital. (Puget Sound Business Journal) (

Laterals, Moves, Promotions

  • Texas-headquartered Haynes and Boone rehired environmental and commercial litigator Ann Al-Bahish as a partner in Houston. According to her LinkedIn, she’d previously been at the firm for over 10 years, leaving as of counsel in 2009 to be a shareholder at Jackson Gilmour & Dobbs, then, later, a partner at Kelley Drye & Warren. (

  • Mitchell Silberberg & Knupp added entertainment & intellectual property litigation veteran Eleanor M. Lackman as a partner in New York. Lackman’s previous jobs include stints as associate at several Big Law firms, and she arrives most recently from Cowan DeBaets Abrahams & Sheppard, where she was a partner. (

  • Atlanta-based Taylor English Duma added Chicago-based corporate partner Robert Johnson, who’s been a McDonald’s Corporation attorney, Big Law partner and chief diversity officer, and managing partner of consulting firm Solomon Group. (

Legal Actions, Bankruptcies, Decisions

  • A Massachusetts federal judge yesterday temporarily blocked federal authorities from making civil immigration arrests inside the state’s courthouses. Goodwin, Lawyers for Civil Rights, and the Committee for Public Counsel Services, are co-counsel in the case. (CNN)


  • Holland & Knight is the latest firm to implement legal tech startup Paladin’s platform for connecting lawyers with pro bono opportunities. (Legaltech News)

  • As Facebook Inc.'s association for its new cryptocurrency project, Libra, talks with some of the biggest U.S. banks to participate, it faces regulatory skepticism and hurdles. ( (BN via BLAW) (Financial Times)

  • Proposed legislation that would require Facebook, Twitter, and other tech giants to prove their content systems are politically neutral is sparking free-speech concerns. (BLAW)

Legal Education

  • Munger Tolles & Olson said it plans an L.A. reception Saturday marking the fifth year of its program that aims to annually help 25-40 students from diverse backgrounds prepare to get into and succeed in law school. Federal Judge Richard Paez is giving the keynote. (

To contact the correspondent on this story: Rick Mitchell in Paris at

To contact the editors responsible for this story: Rebekah Mintzer at; Molly Ward at