Thank you for sharing!

Your article was successfully shared with the contacts you provided.
GIBSON, DUNN TAKES PARTNER FROM SIMPSON Gibson, Dunn & Crutcher has poached Stephen Fackler from Simpson Thacher & Bartlett in Palo Alto. Fackler, who joined Gibson’s Palo Alto office as a partner Monday, will be the firm’s first Bay Area expert in executive compensation and employee benefits. Gibson has “a well-established [employee benefits and executive compensation] group in the West Coast, but it is a role in the Bay Area for which the firm had been looking for a number of years,” said Fackler. Fackler decided to make the move from Simpson, he said, because he felt the new firm would be a better fit for his clients and 21-year-old legal practice. “Our practice tends to be more company-orientated than the New York firms, who are more focused on private equity funds and investment banks,” added Russell Hansen, partner in charge of Gibson’s Palo Alto office. “The need is there for our clients to get top-level executive compensation [advice].” Fackler headed Cooley Godward’s benefits and executive compensation group from 1994 to 2001, before he moved to Simpson. Fackler said he expected clients to follow him to Gibson, Dunn. So far, he has heard that clients Openwave Systems Inc. and IDA Corp. would be transferring their work to him. He anticipated that he would be hiring associates in the lateral market to build his practice at Gibson, but will not be bringing them over from Simpson. “We are definitely in a mode of growing in Silicon Valley,” added Hansen. “We tend to do further selective lateral hiring in certain areas.” &# 151 Marie-Anne Hogarth SENATOR WANTS TO LIMIT USE OF EMINENT DOMAIN MIAMI � U.S. Sen. Bill Nelson vowed Monday to deny federal funds to any city or state project that uses eminent domain for private gain. The Florida Democrat, who is running for re-election next year, said he is co-sponsoring with Republican Sen. John Cornyn of Texas a bill that would reserve eminent domain only for public-use projects. “I don’t want someone’s home taken for an economic development project that could be a Wal-Mart,” said Nelson flanked by members of a family who expect the Florida city of Hollywood to take their property. If passed, the Protection of Homes, Small Businesses and Private Property Act of 2005 will prevent the federal government from taking private property for economic development, and local governments’ use of federal funds for any project in which they are using eminent domain for private gain. He and other bill sponsors next week will attempt to amend a U.S. Treasury Department appropriations bill to prevent the use of federal funds for projects that involve eminent domain. The bill is now before the Senate Judiciary Committee, which held a hearing on it last week. A similar measure in the House was approved in July, according to a report in the Washington Post. &# 151 Daily Business Review

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.