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December 11, 2023 | The American Lawyer

Simpson Thacher to Require Four Days in Office in 2024

In-office mandate adherence will be a factor in overall pay for Simpson personnel, with the firm saying noncompliance could affect compensation, sources said.
2 minute read
December 08, 2023 | The American Lawyer

Layoffs at K&L Gates Hit Associates in Chicago, Boston, DC, Pittsburgh

Every year, K&L Gates manages headcount based on "personnel performance, client demand and related reviews," which typically result in "personnel decisions," the firm's representative said in a statement. Leaders declined to comment directly on the cuts.
3 minute read
Saba Capital CEF Opportunities 1 LLC v. Nuveen Floating Rate Income Fund
Publication Date: 2023-12-08
Practice Area: Securities Litigation
Industry: Investments and Investment Advisory
Court: U.S. Court of Appeals for the Second Circuit
Judge: Circuit Judge Richard C. Wesley
Attorneys:
For plaintiff: For Plaintiffs-Appellees: Jacob W. Buchdahl, Susman Godfrey LLP, New York, NY, on the brief, Mark P. Musico, Susman Godfrey LLP, New York, NY.
For defendant: For Defendants-Appellants Nuveen Floating Rate Income Fund, Nuveen Floating Rate Income Opportunity Fund, Nuveen Short Duration Credit Opportunities Fund, Nuveen Global High Income Fund, and Nuveen Senior Income Fund: Parker Rider-Longmaid, Kyser Blakely, Skadden, Arps, Slate, Meagher & Flom LLP, Washington, DC; Scott Musoff, Boris Bershteyn, Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY; Eben Colby, Emily Jennings, Skadden, Arps, Slate, Meagher & Flom LLP, Boston, MA, on the Brief, Shay Dvoretzky, Skadden, Arps, Slate, Meagher & Flom LLP, Washington, DC. For Defendants-Appellants Terence J. Toth, Jack B. Evans, William C. Hunter, Albin F. Moschner, John K. Nelson, Judith M. Stockdale, Carole E. Stone, Margaret L. Wolff, Robert L. Young, and Matthew Thornton III, in their capacity as Trustees of the Nuveen Trusts: Robert A. Skinner, Douglas Hallward-Driemeier, Amy D. Roy, Ropes & Gray LLP, Boston, MA. For Amicus Curiae The Investment Company Institute in Support of Defendants-Appellants: Susan Olson, Dorothy Donohue, Kenneth Fang, The Investment Company Institute, Washington, DC; Steven A. Engel, David A. Kotler, Michael H. McGinley, Dechert LLP, New York, NY. For Amicus Curiae Bulldog Investors, LLP in Support of Plaintiffs-Appellees: Aaron T. Morris, Andrew W. Robertson, Morris Kandinov LLP, New York, NY.
Case number: 22-407

Firm's Bylaws Amendment Violates ICA as Restriction on Shareholders, Not on Shares

December 06, 2023 | The American Lawyer

Despite Expense 'Dent' From Pay Raises, Law Firms Expect to See Rebound in Transactional Practices

Firms can anticipate a rebound in transactional practices heading into 2024. "As such, we expect 2024 to be a better year than we saw in 2023," said Citi and Hilderbrandt Consulting in a new report.
6 minute read
December 04, 2023 | The American Lawyer

Deal Watch: Wachtell, Ropes Lead $10B Biotech Deal, and M&A Landscape Could Use Fewer 'Shock Waves'

Deals continue to come in, though not at a pace most would prefer. Debevoise's Michael Diz said the last couple of years have been one shock after another.
6 minute read
December 04, 2023 | The American Lawyer

Clients or Partners? Who Does a Big Law Merger Have to Please More?

Law firm strategy is driven by appealing to clients and partners, but one of those two components is ultimately more important than the other to make a merger successful, Hugh Simons and Kent Zimmerman explain in this piece.
8 minute read
December 04, 2023 | Corporate Counsel

SEC Cybersecurity Rules Go Live in Days. Companies Still Aren't Sure What to Expect

"Companies are faced with this conundrum of wanting to provide more detail but not wanting to give too much," Orrick partner Aravind Swaminathan said.
10 minute read
In re Nine West LBO Sec. Litig.
Publication Date: 2023-12-04
Practice Area: Bankruptcy
Industry: Consumer Products
Court: U.S. Court of Appeals for the Second Circuit
Judge: Circuit Judge Denny Chin
Attorneys:
For plaintiff: For Plaintiffs-Appellants Marc S. Kirschner and Wilmington Savings Fund Society, FSB, in all appeals except Docket Numbers 20-3334 and 20-3335: Robert J. Lack, Stan Chiueh, on the brief, Edward A. Friedman, Friedman Kaplan Seiler & Adelman LLP, New York, New York. For Plaintiffs-Appellants Marc S. Kirschner and Wilmington Savings Fund Society, FSB, in Docket Numbers 20-3257, 20-3290, 20-3334, 20-3335, 20-3964, and 20-3980: Allan B. Diamond and Ryan M. Lapine, Diamond McCarthy LLP, Dallas, Texas and Los Angeles, California.
For defendant: For Defendants-Appellees Public Shareholders (Robeco Capital Growth Funds, et al.): Adam M. Harris and Andrew G. Devore, on the brief, Gregg L. Weiner, Ropes & Gray LLP, New York, New York and Boston, Massachusetts. For Defendants-Appellees Individual Shareholders Mary E. Belle, Kathleen Nedorostek Kaswell, and Joseph Stafiniak: Danielle C. Lesser, on the brief, Y. David Scharf, Morrison Cohen LLP, New York, New York. For Defendant-Appellee Individual Shareholder Wayne Kulkin: Howard Seife, Norton Rose Fulbright US LLP, New York, New York. For Defendants-Appellees Individual Shareholders Katherine Butler, Linda Kothe, Richard Hein, Richard H. Hein Rev. Trust U/A 06/12/95, Mark DeZao, Janice Brown, Eric Dauwalter, Rosa Genovesi, Charles Pickett, Susan McCoy, Stacey Harmon, Kathleen O'Brien, James Capiola, Laurie Gentile, and Robyn Mills: Stuart Kagen and Christopher Greene, Kagen, Caspersen & Bogart, PLLC. For Defendants-Appellees Individual Shareholders Heather Harlan and George Sharp: Kevin J. O'Connor and Shannon D. Azzaro, Peckar & Abramson, P.C., New York, New York.
Case number: 20-3257-cv (L)

Safe Harbor Provision Shields Certificate and DTC Transfers, But Not Payroll Transfers

Appellate Division, Second Department: December 1, 2023
Publication Date: 2023-12-01
Practice Area: Civil Appeals | Criminal Appeals
Industry:
Court: Appellate Division, Second Department, Hand Down List
Judge: Unsigned
Attorneys:
For plaintiff:
For defendant:
Case number: DOCKET

Handdown List released on: November 29, 2023

November 29, 2023 | The American Lawyer

Is Singapore the Answer to US Law Firms' Woes in Asia?

Singapore, widely considered a gateway to Southeast Asia, has become a beacon for global advisers and investors over the past few years. But it's not that simple.
4 minute read

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