News

Congratulations to our client M3 Inc/Vidal Group on its purchase of the Kantar Group’s syndicated healthcare research and healthcare profiles research businesses. M3/Vidal Group is a global healthcare research company headquartered in Tokyo with European headquarters in Paris.

We congratulate our client, Marchesi Antinori, on its acquisition of Napa Valley’s iconic Stag’s Leap Wine Cellars from Ste. Michelle Wine Estates, owned by private equity firm Sycamore Partners. Marchesi Antinori acquired Stag’s Leap and other wine-related real estate assets through its U.S. subsidiary, Antinori California, which also owns the Antinori Napa Valley estate.

Bankruptcy and Creditors’ Rights partner Alec P. Ostrow recently moderated two panels at the American Bankruptcy Institute’s New York City Conference on the subject of recent confirmation issues.  The panels discussed such issues as restructuring support agreements, make-whole payments to lenders, allocation of collateral appreciation, reinstatement of debt, cramdown interest rates, and equitable mootness of confirmation orders. 

For the second consecutive year, Chambers and Partners, the recognized authority on ranking lawyers around the world, has included Bonnie Klugman in its select list.

Becker Glynn served as New York counsel to International Finance Corporation in its BRL330 million financing package to União Química Farmacêutica Nacional S.A., one of Brazil’s largest pharmaceutical companies.

Becker Glynn is pleased to announce that on January 1, 2023 Justin M. Marques will become a Partner of the firm and that Ariel G. Nelson and David H. Gershel will each be appointed to the position of Counsel. All three serve in the firm’s expanding private client practice.

Corporate partner Susanne von Türk co-authored a report for German companies about US employment law and current labor market issues. The report is entitled, Lohn- und Lohnnebenkosten / USA / Für Firmen in den USA ist der Fachkräftemangel ein Problem and was published in German by Germany Trade & Invest (GTAI), the economic development agency of the Federal Republic of Germany.

Bankruptcy and creditors’ rights partner Alec P. Ostrow spoke at the American Bankruptcy Institute’s New York City Conference as a panel member on the Cross-Border Restructuring Panel.

Corporate Partner Eric Kuhn moderated a panel discussion entitled Same Term – Different Meaning, Traps for the Unwary in Using U.S. Form M&A Documentation in Transactions Carried Out Outside the U.S.

After a failed leveraged buyout resulted in a 2008 bankruptcy for the Tribune Company, the company’s estate and dozens of creditors commenced lawsuits against the company’s former shareholders – including many clients of the Firm. The lawsuits asserted novel claims that the funds received by the shareholders in the leveraged buyouts were fraudulent and must be returned.

After the Firm’s client sold its commercial property and business, a plaintiff associated with the buyer sued the client, wrongly claiming fraud and tortious interference with prospective economic advantage. Firm litigators Zeb Landsman and Tara Higgins sent the case to New York’s Commercial Division and filed papers seeking a pre-answer dismissal based on the written terms of the governing contracts.

The Firm secured an $11.5 million judgment for the Delaware holding company of a Brazilian telecommunications company. Earlier in the case the New York court found the defendant liable for failing to make a multimillion-dollar investment. The case was scheduled for a damages trial.

The partners of Becker, Glynn, Muffly, Chassin & Hosinski mourn the loss of their founding partner and friend Joseph D. Becker on August 1, 2021.

Writing clear prose is difficult in any language, and English has its special challenges.

The Firm defended a travel technology company against claims by a former employee that he was fired in retaliation for a dispute over sales commissions. Led by litigation associate William H. Newman, the Firm secured a pre-hearing dismissal of one of the claims and then a near complete victory after a three-day virtual arbitration hearing, where a dozen witnesses testified.

The Firm represented Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a German Development Finance Institution, in a $50 million financing of Banco de Sabadell, S.A. (Sabadell), a Mexican bank. Sabadell will use the DEG loan to fund companies developing environmental sustainability projects in Mexico, including projects to improve energy efficiency, reduce greenhouse emissions, and sustainably manage water and waste.

Becker Glynn represented Société de Promotion et de Participation pour la Coopération Economique (Proparco) of France, one of our European Development Finance Institution clients, in a $140 million financing of Banco BTG Pactual S.A. (BTG) in Brazil.