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Weil, Gotshal & Manges LLP

767 5TH AVENUE, NEW YORK, NY 10153, USA
Tel:
Work +1 212 310 8000
Fax:
Fax +1 212 310 8007
Email:
Web:
www.weil.com

Paul Wessel

Tel:
Work +1 212 310 8720
Email:
Weil, Gotshal & Manges LLP

Career

Paul Wessel, co-chair of Weil’s Tax Department, heads the Firm’s Executive Compensation & Benefits practice. He focuses his practice on handling executive compensation and employee benefits matters for public and private companies, boards of directors and compensation committees, private equity firms, pension and investment funds. Mr. Wessel regularly counsels clients in connection with mergers and acquisitions, initial public offerings, spinoffs and other corporate transactions, ESOPs, and bankruptcy and restructuring matters. Mr. Wessel advises on federal tax law, ERISA, labor and employment law, and securities law relating to compensation and benefits matters.


United States: Labor and employment

ERISA litigation

Within: ERISA litigation

As lead counsel for UnitedHealth Group, Weil, Gotshal & Manges LLP defended its ERISA-governed health plan providers against a putative class action forwarded by physical therapy provider Spinedex; practice co-head Nicholas Pappas led on the case, which claimed a denial of benefits to plan beneficiaries. The New York-based team, which includes practice co-heads Jeffrey Klein and Paul Wessel, have experience in a wide range ERISA litigation including withdrawal liability, fiduciary duty, disclosure obligations and plan termination. Working alongside the firm’s broader commercial and tax litigation team, the practice also has significant experience defending cases arising from Chapter 11 proceedings, securities law and RICO laws.

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Employee benefits, executive compensation and retirement plans: transactional

Within: Leading lawyers

Paul Wessel - Weil, Gotshal & Manges LLP

Within: Employee benefits, executive compensation and retirement plans: transactional

Clients praised Weil, Gotshal & Manges LLP for its ‘depth of knowledge’ of the employee benefits and executive compensation aspects of upper-market M&A transactions and IPO offerings. Additionally, the ‘responsive and accessible’ team acted in high-profile Chapter 11 bankruptcy filings for clients including A&P, Claire’s Stores and Sears Holdings. Practice head Paul Wessel advised Brookfield Asset Management and Brookfield Property Partners on its $14.4bn common stock acquisition of General Growth Properties, and Michael Nissan, who has particular expertise in the private equity space, advised Mubadala Investment Company on the $4.7bn sale of its 60% equity interest in EMI to Sony. ‘First-class practitioners’ Amy Rubin and associate Amanda Rosenblum are also contacts; Rubin recently assisted Blackstone and Goldman Sachs Merchant Banking Division with its $1.9bn sale of data and technology solutions company Ipreo to IHS Markit. Associate Jennifer Britz is also a name to note. The team was further strengthened with the addition of counsel Ellen Sueda from King & Spalding LLP. All mentioned lawyers are based in New York.

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