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Kasowitz Benson Torres LLP

1633 BROADWAY, NEW YORK, NY 10019, USA
Tel:
Work +1 212 506 1700
Fax:
Fax +1 212 506 1800
Email:
Web:
www.kasowitz.com

United States

Real estate
Real estate - ranked: tier 4

Kasowitz Benson Torres LLP

In 2016, Kasowitz Benson Torres LLP continued to feature in major dirt mandates in New York, with examples being Douglas Heitner representing Benider in the negotiation of a $1bn ground lease to Crown Acquisitions relating to a property in Queens, and practice head Wallace Schwartz advising ERY Developer on the lease of a shopping center at Hudson Yards. In another example of New York work, Heitner acted for JDS Development Group on a $400m construction loan to finance the development of 626 First Avenue. On the equity side, Schwartz acted for Sidney Fetner Associates in the joint venture with Rockpoint Group to buy out the Durst Organization’s interest in the ownership of the 400-unit luxury residential property located at 125 West 31st Street. The team is also experienced in handling nationwide remits and Schwartz is acting for key client New Valley in the acquisition, $260m construction financing and development of a mixed-use project located on West Sunset Boulevard in West Hollywood. Leasing specialist Adam Endick is another key New York partner. The practice developed its offering in Miami with the hire of Manuel Fernandez and Albert Delgado from Akerman LLP.

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United States: Dispute resolution

Corporate investigations and white-collar criminal defense
Corporate investigations and white-collar criminal defense - ranked: tier 5

Kasowitz Benson Torres LLP

Kasowitz Benson Torres LLP’s practice is led by Daniel Fetterman in New York and Lyn Agre in San Francisco. Together with the Miami-based Ann St Peter-Griffith, Fetterman represented Abraham Jose Shiera Bastidas in his trial for corruption, money laundering and wire fraud. With New York’s Edward McNally, he acted for the former CEO of Anglo Irish Bank, David Drumm, in his bid to fight extradition to Ireland. He also represented Christopher Liva, who was indicted on five counts for his role in a healthcare fraud conspiracy. Agre secured the dismissal of all charges against certain FedEx employees indicted for money laundering and drug trafficking. Daniel Saunders joined the New York office in January 2017 after leaving Morgan, Lewis & Bockius LLP.

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General commercial disputes
General commercial disputes - ranked: tier 3

Kasowitz Benson Torres LLP

Kasowitz Benson Torres LLP’s client base takes in Fortune 500 companies and major private equity firms, which turn to the team for representation in novel and high-stakes disputes. Of particular note during 2016 was the firm’s representation of ACA Financial Guaranty as plaintiff in a long-running dispute against Goldman Sachs concerning a collateralized debt obligation (CDO) known as Abacus; Marc Kasowitz took a lead role in the case, which was settled in October 2016. In a case playing out in New York, California and the Bahamas, the firm has been representing fashion tycoon Peter Nygard in a high-profile dispute with Louis Bacon involving claims of defamation, conversion and other torts. Since publication, Aaron Marks has moved to Kirkland & Ellis LLP.

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Leading trial lawyers

Marc Kasowitz - Kasowitz Benson Torres LLP Mark Kasowitz’s areas of expertise include banking and securities disputes. Kasowitz, based in New York, is defending affiliates of AMC Networks Entertainment in a $200m-plus action brought by Frank Darabont and Creative Artists Agency for alleged unpaid contingent compensation concerning The Walking Dead television series. He also represented ACA Financial Guaranty Corporation in claims against Goldman Sachs of fraud and unjust enrichment pertaining to a synthetic CDO; the case settled.

Leading trial lawyers

Marc Kasowitz - Kasowitz Benson Torres LLP

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Securities litigation: plaintiff
Securities litigation: plaintiff - ranked: tier 2

Kasowitz Benson Torres LLP

Kasowitz Benson Torres LLP predominantly acts for plaintiffs in securities litigation, but its experience as defense counsel gives it a broad strategic view of cases. The firm has ‘a deep bench with many former federal prosecutors in its ranks’ and is ‘a serious practice for clients taking on the Wall Street banks’. The firm does not pursue class actions, but it does handle high-profile cases on behalf of private investors. Sheron Korpus is handling the firm’s biggest project, which is a series of multimillion-dollar claims on behalf of CDO investor Loreley Financing against investment banks. A $965m claim against Citigroup was settled last year on confidential terms. Marc Kasowitz, who is known as ‘one of the toughest lawyers on Wall Street’, successfully argued on behalf of ACA Financial Guaranty Corp in the New York Court of Appeals to reinstate a $120m lawsuit against Goldman Sachs relating to the Abacus CDO scheme.

Leading lawyers

Sheron Korpus - Kasowitz Benson Torres LLP

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United States: Finance

Restructuring (including bankruptcy): corporate
Restructuring (including bankruptcy): corporate - ranked: tier 3

Kasowitz Benson Torres LLP

Kasowitz Benson Torres LLP has been engaged in a number of creditor-side representations and is ‘first class when it comes to providing advice in a quickly changing environment and in long legal proceedings’. The New York-based group represented the committee of unsecured creditors of Essar Steel Minnesota; the team filed a motion opposing approval of the debtor-in-possession loan. It also represents the ad hoc group of Energy Future Holdings legacy noteholders and is advising the former officers and directors of Forest Oil Corporation, a company that merged with Sabine Oil & Gas in 2014, in claims brought by the official creditors’ committee of breach of fiduciary duty. In a private equity sponsor representation, it is representing TPG Capital concerning its portfolio company Caesars Entertainment, which filed for bankruptcy in January 2015. Another highlight is the representation of the equity committee appointed in the latest Chapter 11 bankruptcy of Hercules Offshore, in which the team has filed an objection to the pre-packaged plan. The ‘very responsive, hard-working, pragmatic and smartDavid Rosner is a ‘great litigator’ and leads the team with David Friedman, a ‘senior partner that offers vast experience in legal strategy’. Daniel Fliman is also highly recommended.

Next generation lawyers

Daniel Fliman - Kasowitz Benson Torres LLP

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United States: Industry focus

Insurance: advice to policyholders
Leading lawyers

Jerold Oshinsky - Kasowitz Benson Torres LLP

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United States: Intellectual property

Patent litigation: full coverage
Patent litigation: full coverage - ranked: tier 6

Kasowitz, Benson, Torres & Friedman LLP

Kasowitz, Benson, Torres & Friedman LLP has a strong track record of handling plaintiff- and defendant-side litigation across a range of sectors, including pharmaceuticals, biotech, software and chemical processes. Jonathan Waldrop, Jeffrey Toney and Darcy Jones secured a complete dismissal for Google in a challenge brought by Data Engine Technologies, which alleged infringement of patents covering the Quattro Pro for Windows spreadsheet program. Waldrop also represented Google in a suit filed by Eolas Technologies regarding interactive web browser technology, successfully securing a full dismissal of the plaintiff’s motions. Steven Carlson focuses on patent and trade secret disputes in the technology space. All named attorneys are based in Silicon Valley.

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