Wake Up Call: Boies Schiller Sued by Chinese Billionaire as Fee Dispute Gets Nastier

Jan. 3, 2019, 12:21 PM
  • An exiled Chinese billionaire filed a $3 million malpractice suit against Boies Schiller Flexner, sharply raising the stakes in his dispute with the firm over legal fees. The suit names partner Josh Schiller, son of firm founder Jonathan Schiller. (New York Law Journal)

  • Omega Healthcare Investors Inc., advised by Bryan Cave Leighton Paisner, is buying long-time Morrison & Foerster client MedEquities Realty Trust, Inc. for an estimated $600 million. Goodwin advised Centerview Partners LLC in its role as financial adviser to Omega in the deal. (Streetinsider.com) (Mofo.com)

  • Cozen O’Connor said its corporate practice group and cannabis industry team represented cannabis company Acreage Holdings, Inc. in its agreement last month to acquire Form Factory, Inc. a multi-state distributor and manufacturer of cannabis beverages and edible products, for about $160 million. Last year Acreage Holdings added former House Speaker John Boehner and former Massachusetts Governor Bill Weld to its board of advisers. (Green Market Report)

  • The year 2018 saw 72 completed law-firm mergers, the most since 2001, and the high pace looks likely to continue in 2019, a new report says. (American Lawyer)

  • Five law firms are vying to be lead counsel in an investor class action alleging Fitbit Inc. misled them about how well the company was doing financially. Fenwick and West represents Fitbit. (Bloomberg Law via BLB)

  • BakerHostetler poached Winston & Strawn’s L.A. managing partner and national restructuring practice chair, Eric Sagerman, to be its own office managing partner in L.A. BakerHostetler said its hire of Sagerman, who spent 28 years at Winston & Strawn, signals “its intent to make a significant investment in Los Angeles and the West Coast.” (BakerLaw.com)

  • Blank Rome added five attorneys, including two partners, one counsel, and additional staff, from L.A. family law firm Buter, Buzard, Fishbein & Royce LLP. Blank Rome said the hires expand its matrimonial and family law practice to nearly 35 attorneys, making it the largest family law practice among the Am Law 100. (BlankRome.com)

Laterals, Moves

  • DLA Piper said Skadden M&A lawyer J.A. Glaccum joined the firm’s corporate practice as a partner in Washington. (DLAPiper.com)

  • Locke Lord said Troutman Sanders finance, regulatory, and securities attorney Gerald Francese joined its corporate practice group as partner in New York. He previously served as in-house counsel at Bank of America. (LockeLord.com)


  • Schiff Hardin said it elected 10 attorneys to its partnership, including seven women, based in its Chicago, New York, and Washington offices. (SchiffHardin.com)

  • Texas-based Haynes and Boone announced promotions to partnership of 11 lawyers, including four women, from the firm’s Austin, Dallas, Denver, Houston, New York, and Richardson, Texas, offices. (HaynesBoones.com)

  • Seward & Kissel promoted New York-based attorneys Robert Gayda and Hoyoon Nam to partner. Five attorneys, including two women, were promoted to counsel. (Sewkis.com)

  • Cole Schotz promoted three lawyers to members across the firm’s New Jersey and New York offices. The new members include Emily Lamond, environmental, Eric Latzer, litigation, and David Meglino, construction services. (ColeSchotz.com)

  • New Orleans-headquartered McGlinchey Stafford promoted three attorneys to membership, including two women. (McGlinchey.com)

  • Trial firm McKool Smith promoted seven attorneys to principals, including two women, in its Austin, Dallas, Houston, and New York offices. (McKoolSmith.com).

  • Richards Kibbe & Orbe elevated attorneys Margaret Winterkorn Meyers and Kevin Rubinstein to partners and Robert Waldner to counsel, all in its New York office. (Rkollp.com)

  • Lowenstein Sandler elected seven attorneys, including three women, to partner, and six to counsel, including three women. (Lowenstein.com)

  • San Francisco-based litigation boutique Keker, Van Nest & Peters promoted four associates--two women and two men--to partner. (Keker.com)

Legal Actions, Bankruptcies, Decisions

  • A bankruptcy judge approved Sears Holdings Corp.’s sale of notes to Cyrus Capital Partners, even as he questioned why other bids for the notes did not emerge after he opened the door to more buyers in December. Akin Gump partner Ira Dizengoff is representing the retailer’s creditors. (Bloomberg News via BLB)

Legal Education

  • In a recent interview, Harvard Law School professor Vicki Jackson, who is incoming president of the Association of American Law Schools, says legal education is in good shape. (Law.com)

To contact the correspondent on this story: Rick Mitchell in Paris at rMitchell@correspondent.bloomberglaw.com

To contact the editors responsible for this story: Rebekah Mintzer at rmintzer@bloomberglaw.com; Molly Ward at mward@bloomberglaw.com

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