Content Type (RSS): In the News

  • The Critical Importance of Increasing the Board’s Antitrust Fluency

    The Critical Importance of Increasing the Board’s Antitrust Fluency

    COVERAGE

    The Critical Importance of Increasing the Board’s Antitrust Fluency

    July 8, 2024

    Read time: 2 min

    About Us

    Stephen Wu

    Partner

    Chicago

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  • McDermott Adds Veteran Commercial Litigator in Los Angeles

    McDermott Adds Veteran Commercial Litigator in Los Angeles

    PRESS RELEASE

    McDermott Adds Veteran Commercial Litigator in Los Angeles

    July 8, 2024

    Read time: 5 min

    International law firm McDermott Will & Emery welcomes Brian Glennon as a partner in its Litigation Practice Group in Los Angeles. As an experienced trial lawyer, Brian brings a wealth of knowledge in complex commercial litigation, including securities fraud class actions, shareholder derivative lawsuits and US Securities and Exchange Commission (SEC) enforcement actions. He has also represented all of the major accounting firms in auditor liability matters, including administrative proceedings and at trial. He joins from Latham & Watkins LLP, where he served as Global Co-Chair of the Securities Litigation & Professional Liability Practice Group.

    “Brian’s practice nicely complements our existing strengths in shareholder litigation, accountant liability matters and SEC enforcement actions, all areas of continued client demand,” said Steven Scholes, global head of McDermott’s Litigation Practice Group. “Additionally, his longstanding relationships with the major accounting and consulting firms will further strengthen our West Coast practice.”

    Brian has achieved complete defense victories at trial on claims totaling nearly $3 billion and has obtained several dismissals of multibillion-dollar securities class actions in multiple jurisdictions. He has represented clients across many industries, including the financial institutions, energy, infrastructure and technology sectors.

    His notable client representations on public company matters include Oracle, LogMeIn, Insight Enterprises, Avago and Hudson Pacific Properties, among others.

    Brian is the Immediate Past Chair of the Los Angeles County Bar’s Litigation Section, and he currently serves as the Co-Chair of the Los Angeles County Bar Association’s Complex Courts Committee.  Following his graduation from Berkeley Law, Brian served as a law clerk to the Honorable Gary A. Feess of the US District Court for the Central District of California.

    “I am thrilled to join McDermott at this point in my career,” Brian said. “There is a powerful synergy between my practice and the Firm’s strong global litigation platform. I have always had so much respect for the lawyers at McDermott, and I’m very excited to work with my new team.”

    Brian’s arrival follows the addition of former EY and PWC general counsel Ron Hauben, who serves as co-head of McDermott’s accounting defense practice. The Firm’s Litigation Practice Group has experienced robust growth over the past year, most recently welcoming Amy Bentsen (Boring) as a partner in Atlanta last month as well as a seven-lawyer white-collar litigation team from Orrick earlier this year.

    About Us

    McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

    ABOUT McDERMOTT’S LITIGATION PRACTICE GROUP
    McDermott’s team of more than 250 litigation and dispute resolution lawyers worldwide includes seasoned litigators, trial lawyers, mediators, arbitrators, appellate lawyers and former senior US prosecutors. We represent clients across every business segment in high-impact cases, government investigations and dispute resolution proceedings. Working seamlessly with colleagues spanning a variety of practice areas, our litigators take on emerging issues in virtually every industry (with a focus on healthcare, life sciences, accounting services, private equity and technology) to help clients stay a step ahead of potential risks. When needed, we also develop effective and cost-efficient solutions to address complex commercial disputes, consumer and data breach class actions, international arbitrations, deal and ERISA litigation, and other business challenges. Our nationally recognized US Supreme Court and appellate practice has successfully handled hundreds of appeals and is named on The National Law Journal’s Appellate Hot List. Known for “superb lawyering combined with practical, hands-on effort” (Chambers), our team is recognized globally in Chambers, Legal 500, Best Law Firms, Global Investigations Review GIR 100 and Global Arbitration Review GAR 100.

    Steven S. Scholes

    Partner

    Chicago

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  • How Extension Of EU License Exemption Affects Subsidiaries

    How Extension Of EU License Exemption Affects Subsidiaries

    COVERAGE

    How Extension Of EU License Exemption Affects Subsidiaries

    July 4, 2024

    Read time: 2 min

    About Us

    Raminta Dereskeviciute

    Partner

    London – 22 Bishopsgate

    Sabine Naugès

    Partner

    Paris

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  • McDermott Advises Main Capital Partners on the Acquisition of SoftProject

    McDermott Advises Main Capital Partners on the Acquisition of SoftProject

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advises Main Capital Partners on the Acquisition of SoftProject

    July 4, 2024

    Read time: 3 min

    Munich/Dusseldorf, July 4, 2024 – McDermott Will & Emery has advised Main Capital Partners on the acquisition of a majority stake in SoftProject, a leading German provider of business process management software. SoftProject’s founder and CEO Dirk Detmer will remain managing director and shareholder.

    Main Capital will support SoftProject in its next growth phase. The acquisition is Main Capital’s first platform investment with its new fund MCVIII.

    Founded in 2000, SoftProject GmbH provides BPM software to over 300 companies, including industry leaders such as AXA and BMW. The company’s flagship product is the X4 BPMS platform, a low-code solution that simplifies process modeling, automation and data integration.

    Main Capital Partners is a leading software investor in the DACH region, the Benelux, the Nordics and the United States. Main Capital has over €2.2 billion in assets under management and maintains an active portfolio of more than 45 software groups.

    The McDermott team was led by partner Hanno Witt (Private Equity, Munich), and included partner Dustin Schwerdtfeger (Finance, Dusseldorf), counsel Krasen Krastev (Private Equity, Dusseldorf), partner Steffen Woitz (IP/IT, Munich), counsel Claus Färber (Data Protection, Munich) and counsel Marcus Fischer (Tax, Frankfurt) as well as associates Nicole Kaps, Marion Dalvai-König, Armin Teymouri (all Private Equity; Munich), Sönke Wassermann (Employment, Frankfurt), Simon Apelojg (IP, Munich) and Markus Hunkenschröder (Finance, Dusseldorf).

    About Us

    Dustin Schwerdtfeger

    Partner

    Düsseldorf

    Marcus Fischer

    Counsel

    Frankfurt

    Dr. Claus Färber

    Counsel

    Munich

    Nicole Kaps

    Associate

    Munich

    Marion Dalvai-König

    Associate

    Munich

    Dr. Armin Teymouri

    Associate

    Munich

    Markus Hunkenschröder

    Associate

    Düsseldorf

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  • 12th Annual Global Report: National Regulatory Trends in Human Resources Law

    12th Annual Global Report: National Regulatory Trends in Human Resources Law

    COVERAGE

    12th Annual Global Report: National Regulatory Trends in Human Resources Law

    July 2, 2024

    Read time: 3 min

    Todd Solomon served as co-chair and editor of The IBA Global Employment Institute’s 12th Annual Global Report, which explores trends in employment, benefits and human resources law. Abigail Kagan and Melis Solaksubasi were also contributors to the report.

    The report is based on data from lawyers in 54 countries about emerging trends in employment, benefits and human resources law. The topics covered include the increasing adoption of AI, adapting to a flexible work environment, collective bargaining and industrial action, mental health in the workplace, privacy and data protection, equal pay for equal work, changes to various countries immigration policies, as well as a renewed focus on workplace environmental, social and governance concerns. Each Annual Global Report builds on the historical perspective of previous editions, highlighting international trends, employment, benefits and human resources law.

    About Us

    Todd A. Solomon

    Partner

    Chicago

    Abigail M. Kagan

    Partner

    New York – One Vanderbilt Avenue

    Melis Solaksubasi

    Associate

    Chicago

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  • Hospitals in Texas and Other States Sue HHS Over DSH Calculation Changes that Impact 340B Eligibility

    Hospitals in Texas and Other States Sue HHS Over DSH Calculation Changes that Impact 340B Eligibility

    COVERAGE

    Hospitals in Texas and Other States Sue HHS Over DSH Calculation Changes that Impact 340B Eligibility

    July 2, 2024

    Read time: 2 min

    About Us

    Emily Jane Cook

    Partner

    Los Angeles, Washington, DC

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  • RFR Holding’s $560 Million Sale of 980 Madison Avenue in New York

    RFR Holding’s $560 Million Sale of 980 Madison Avenue in New York

    COVERAGE

    RFR Holding’s $560 Million Sale of 980 Madison Avenue in New York

    June 27, 2024

    Read time: 2 min

    About Us

    Elias Eliopoulos

    Partner

    New York – One Vanderbilt Avenue

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  • 2024 Notable LGBTQIA+ Leaders

    2024 Notable LGBTQIA+ Leaders

    COVERAGE

    2024 Notable LGBTQIA+ Leaders

    June 26, 2024

    Read time: 2 min

    About Us

    Edward B. Diskant

    Partner

    New York – One Vanderbilt Avenue

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  • Feds’ 5th Circ. Win on Preventive Care May Imperil ACA

    Feds’ 5th Circ. Win on Preventive Care May Imperil ACA

    COVERAGE

    Feds’ 5th Circ. Win on Preventive Care May Imperil ACA

    June 26, 2024

    Read time: 2 min

    About Us

    Sarah G. Raaii

    Partner

    Chicago

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  • State Data Privacy Law Patchwork: Midyear Report

    State Data Privacy Law Patchwork: Midyear Report

    COVERAGE

    State Data Privacy Law Patchwork: Midyear Report

    June 26, 2024

    Read time: 2 min

    About Us

    David P. Saunders

    Partner

    Chicago

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