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Quarterly NewsletterApril 2023 |
Industry NewsBankruptcy/Corporate Restructuring
Bloomberg reports that almost $1.5 trillion of U.S. commercial real estate debt comes due for repayment before the end of 2025. Read the full article here. Corporate More than a decade after the LIBOR scandal exploded and five years after SOFR got the nod, LIBOR will go away on June 30. This article has the conversion chart. Litigation A Delaware court has found that judges must evaluate proposed shareholder class action settlements to ensure they are fair to all investors, not just to the shareholders who brought the case, even when time is of the essence. This article has the details. Real Estate There is a silver lining to the interest rate hikes and the impact they are having on the real estate market. Read the full article here. We're Hiring!We’re seeking talented and friendly junior and mid-level attorneys.
If you are interested in working at M&B, please reach out to Dave McGrail: dmcgrail@mcgrailbensinger.com. |
Axes and Allies
In February, some of the M&B Team took a break from lawyering to Bury the Hatchet. Pictured here (clockwise from the left) are Ilana Volkov, Patrick Train-Gutiérrez, Dave McGrail, Pearl Shah, Devori Goodman, Mona Awad, Mendy Bensinger, Joshua Hager, and Steven Roz.
Ephraim Glatt joined M&B in March after litigating for nearly eleven years at Kasowitz Benson Torres LLP and immediately jumped into a trial before the District Court for the Southern District of New York with Gabby Vázquez. Happily, the trial ended just in time for him to enjoy a quiet Passover with his family.
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M&B NewsBankruptcy/Corporate Restructuring
In February, Ilana Volkov, Veronique Urban, and Pearl Shah successfully confirmed a plan of reorganization for First Step Trademarks, LLC, Case No. 21-12147 (Bankr. SDNY). Corporate In February, Mona Awad, Joshua Hager, Jason Bitsky, Steven Roz, and Devori Goodman closed a $37,500,000 stock and asset sale. Notwithstanding interest rate hikes and investor skittishness, the M&B corporate team negotiated and/or closed over $100MM of new transactions in Q1 2023. Litigation In March, Patrick Train-Gutiérrez, Kate McGrail, and Kieran O’Connell successfully defeated a “bet the company” preliminary injunction motion seeking to enforce a non-solicitation provision against a client with a growing presence in the assisted living industry. Real Estate Joshua Hager and Devori Goodman closed a number of deals with “outside the box” structures, including the sale of a portfolio of mixed used properties. These transactions allowed the clients to attain their goals for Q1 2023 in a tightening real estate market. Congratulations to Gabby Vázquez and Ilana Volkov, who were recognized as Top Women Attorneys in the New York Metro Area by The American Registry.
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