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Wake Up Call: National Enquirer Owner Hires Former SEC Counsel as Top Lawyer

March 21, 2019, 11:37 AM
  • Hedge fund operator Chatham Asset Management, a majority owner of the scandal-plagued National Enquirer tabloid, hired New York-based McGuireWoods white collar litigator Daniel Goldfried as its new general counsel, and its only in-house lawyer. Goldfried’s experience as a former U.S. Securities and Exchange Commission senior counsel should come in handy, as the SEC recently started investigating Chatham. (BN via BLAW)

  • Indoor bike startup Peloton, expected to go public later this year, is being sued for $150 million by a group of music publishers who accuse it of using songs from Lady Gaga, Ariana Grande, Justin Timberlake, and others in its cycling videos without permission. Filed in New York federal court Tuesday, the complaint names Paul, Weiss, Rifkind, Wharton & Garrison as legal adviser for Downtown Music Publishing LLC and other plaintiffs. (BLAW) (Variety) (BN Video)

  • Nexstar Media Group Inc. agreed to sell 19 television stations for $1.32 billion, clearing the way for its $4.1 billion acquisition of Tribune Media Co. Tegna Inc., advised by Nixon Peabody, Jenner & Block, and Hughes Hubbard & Reed, will pay $740 million for 11 stations in eight markets. BakerHostetler advised E.W. Scripps Co., which agreed to pay $580 million for eight stations in seven markets, according to reports. (Multichannel.com) (BN)

  • Chicago-based Kirkland & Ellis looks set to hold on to its spot as the No. 1 U.S. law firm by revenue, as early data show its gross revenue expanded 18 percent in 2018, to $3.76 billion, and its profits per equity partner rose about 7 percent, compared with 2017, to get over the $5 million mark for the first time. (American Lawyer)

  • The world’s biggest firm by headcount, Dentons, can practice law in Hawaii, the state Supreme Court ruled Monday, rejecting a local attorney’s challenge to Dentons’ entry into the market through its merger with Alston Hunt Floyd & Ing. (Honolulu Civil Beat)

  • Weil Gotshal rode several large bankruptcies, including its work for Sears and others, to a record year for revenue and profits in 2018. (New York Law Journal)

  • Wilmer Cutler Pickering Hale and Dorr’s gross revenues rose to $1.149 billion in 2018, up just 1 percent from the previous year, but good enough for a new high mark. Profits per equity partner were up 1.7 percent, to $2.151 million. The firm aims to open a San Francisco office this year, co-managing partner Robert Novick said. (National Law Journal)

  • The U.S. Supreme Court yesterday unanimously found that law firms conducting nonjudicial foreclosures are not debt collectors under the Fair Debt Collection Practices Act. (insideArm) Paul Weiss represented law firm McCarthy & Holthus in the case. (Obduskey v. McCarthy & Holthus LLP, No. 17-1307, March 20, 2019) (BLAW)

  • New England Patriots owner Robert K. Kraft, and 14 other men charged with soliciting prostitution in Jupiter, Florida, asked the court to suppress all evidence in the case. (NYT)

  • Troutman Sanders said former New York chief of the SEC’s broker-dealer enforcement division, Mark Mandel, joined the firm as a partner in New York. He arrives most recently from Hunton Andrews Kurth. (Troutman.com)

Lawyers, Law Firms, Deals

  • Former New York federal prosecutor Marc Mukasey, previously Greenberg Traurig co-chair of white-collar defense and investigations practice, officially launched his new boutique law firm in New York, Mukasey Frenchman & Sklaroff, along with two other former Greenberg shareholders. A former Greenberg associate is also joining. (New York Law Journal)

  • Morrison & Foerster hired away the head of Proskauer’s privacy & cybersecurity group, Kristen Mathews, to join its growing privacy and data security practice as a partner based in New York. (BLAW via BLB)

  • Wachtell litigation of counsel George Conway’s Twitter feud with Donald Trump is raising eyebrows, and not just because Conway is married to Kellyanne Conway, a top counselor to President Trump. (American Lawyer)

  • Atlanta-based trial firm Weinberg Wheeler Hudgins Gunn & Dial said it merged with Birmingham, Alabama-based litigation boutique RichardsonClement, getting two partners and two associates. (BizJournals.com)

Laterals, Moves, Promotions

  • DLA Piper said Ciara McLoughlin joined its global employment practice in the firm’s newly opened Dublin office. She joins from Irish law firm A&L Goodbody, where she had been a partner since 2015. (DLAPiper)

  • Vedder Price added litigator Michelle Landry as a shareholder in its San Francisco office. She arrives from Putterman Landry + Yu, and previously was special counsel at Kasowitz, Benson, Torres & Friedman. Vedder Price’s Chicago office hired veteran investment industry in-house lawyer Jay Novatney as an investment services shareholder. Most recently, Novatney was chief operating officer at PT Asset Management, LLC and previously was general counsel & chief compliance officer at Chicago Fundamental Investment Partners. (VedderPrice)

  • Kramer Levin Naftalis & Frankel promoted two lawyers to counsel and four to special counsel, in its New York office. (KramerLevin.com)

Legal Actions, Bankruptcies, Decisions

  • The Lawfare Project and Winston & Strawn said they reached a landmark settlement of their lawsuits alleging anti-Semitism and overt discrimination against Jewish students in the California State University public university system. (PRNewswire.com)

  • McKool Smith won a federal appeals court ruling that revives a suit by two Romanian expatriate brothers seeking compensation for the Romanian Communist regime’s 1948 expropriation of their family’s film company. The case is Jak Sukyas v. Romania, No. 17-56557 (9th Cir. 2019) (McKoolSmith.com)

  • Hogan Lovells successfully defended its growth equity firm client Technology Crossover Ventures in a long-running securities action in a California federal court. (Justia) (LawFuel)

Technology

  • Perkins Coie launched a new tool, TechVenture Index, to systematically track the “health and trajectory” of the emerging growth technology and venture capital ecosystem, using an algorithm developed with a California Institute of Technology professor. (PerkinsCoie.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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