Newsroom Categories: Coverage

  • Discovery Trends in Litigation Finance Arrangements

    Discovery Trends in Litigation Finance Arrangements

    COVERAGE

    Discovery Trends in Litigation Finance Arrangements

    April 23, 2018

    Read time: 3 min

    With the rise in third-party litigation funding, questions have been raised as to the arrangements, including their legality, practicality, terms and — importantly for investors wishing to remain behind the scenes — the extent to which the arrangements must be disclosed. As more lawsuits are funded by third parties, courts have been faced with novel discovery questions. Those include whether and to what degree discovery is appropriate with respect to the parties involved in the litigation funding, the specific funding arrangements and the information provided to funders to aid in their assessment of the potential investment. Currently, there are few rules that specifically address disclosure of litigation funding arrangements, leaving courts to deal with disclosure questions on a case-by-case basis. The results sometimes have been conflicting, as partner William Gussman, associate Hannah Thibideau and former Schulte lawyer Alan Glickman discuss in this article.

    About Us

    William H. Gussman Jr.

    Partner

    New York – 919 Third Avenue

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  • McDermott Advises MisterFly

    COVERAGE

    McDermott Advises MisterFly

    April 4, 2018

    Read time: 2 min

    Diana Hund led the McDermott corporate, regulatory, tax, data privacy and IP team that advised online travel booking firm MisterFly on its acquisition of BazarChic Voyages (operating as Idiliz). The Paris office team included Marie-Muriel Barthelet, Anne Febvre,Laurent Ayache, Camille Spegt, Antoine Vergnat,Côme de Saint-Vincent, Thibault Stumm, Romain Perray,Julie Uzan-Naulin, Laura Morelli,Charles de Raignac and Sarah Candelibes.

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  • McDermott and Ayache Advise on the Takeover of BazarChic Voyages

    COVERAGE

    McDermott and Ayache Advise on the Takeover of BazarChic Voyages

    April 4, 2018

    Read time: 2 min

    Diana Hund, Marie-Muriel Barthelet, Anne Febvre, Laurent Ayache, Camille Spegt, Antoine Vergnat, Côme de Saint-Vincent, Thibault Stumm, Romain Perray, Julie Uzan-Naulin, Laura Morelli, Charles de Raignac and Sarah Candelibes advised an online flight booking specialist on its acquisition of an online tour operator.

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  • McDermott, Council to MisterFly

    COVERAGE

    McDermott, Council to MisterFly

    April 4, 2018

    Read time: 2 min

    Diana Hund, Marie-Muriel Barthelet, Anne Febvre, Laurent Ayache, Camille Spegt, Antoine Vergnat, Côme de Saint-Vincent, Thibault Stumm, Romain Perray, Julie Uzan-Naulin, Laura Morelli, Charles de Raignac and Sarah Candelibes advised an online flight booking specialist on its acquisition of an online tour operator.

     

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  • Illinois Confirms Treatment of Deemed Repatriated Foreign Earnings Provisions

    COVERAGE

    Illinois Confirms Treatment of Deemed Repatriated Foreign Earnings Provisions

    March 30, 2018

    Read time: 2 min

     

    Stephen Kranz, Diann Smith and Alysse McLoughlin were cited as authors for this bylined article on guidance from the Illinois Department of Revenue concerning its treatment of the new deemed repatriated foreign earnings provisions found in Internal Revenue Code Section 965, enacted in the recent federal tax bill (the Tax Cuts and Jobs Act).

     

    About Us

    Stephen P. Kranz

    Partner

    Washington, DC

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  • Businesses Monitoring New York Budget Negotiations on GILTI

    COVERAGE

    Businesses Monitoring New York Budget Negotiations on GILTI

    March 26, 2018

    Read time: 2 min

    Stephen Kranz, Alysse McLoughlin, Diann Smith and Kathleen Quinn wrote a March 2018 client alert, cited in this article, analyzing how a planned New York State decoupling from the new federal tax law’s global intangible low-taxed income (GILTI) provisions would mean that any amount included in the federal tax base under the repatriation transition provisions would be excluded from the state taxable income base, even if the amounts were received from a non-unitary subsidiary.

    About Us

    Stephen P. Kranz

    Partner

    Washington, DC

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  • States Still in Early Stages of IRC Conformity: Practitioners

    COVERAGE

    States Still in Early Stages of IRC Conformity: Practitioners

    March 16, 2018

    Read time: 2 min

    Catherine Battin, Diann Smith and Alysse McLoughlin spoke March 15 at the Chicago office to a group of women tax professionals. Ms. Battin said about the new tax law that policy has “been decided at the federal level—the tax base rules—and now all the action moves to the state folks,” citing eight states with new models or guidance. Ms. Smith added that state revenue agencies “really need to go back and look at the instructions for their returns” to conform with new federal law

    About Us

    Catherine A. Battin

    Partner

    Chicago

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  • Panel Offers Perspectives on Internal Compensation Arrangements for Investment Professionals

    COVERAGE

    Panel Offers Perspectives on Internal Compensation Arrangements for Investment Professionals

    March 15, 2018

    Read time: 2 min

     

    IanSchwartz, EvanBelosa and Alejandro Ruiz were speakers at a recent program hosted by partners in a major international recruiting firm. The lawyers discussed the latest trends in compensation for private equity firm investment professionals.

     

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    Alejandro Ruiz

    Partner

    San Francisco

    Ian M. Schwartz

    Partner

    New York – One Vanderbilt Avenue

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  • Deal Memo, M&A Transaction: CVS-Aetna

    COVERAGE

    Deal Memo, M&A Transaction: CVS-Aetna

    March 14, 2018

    Read time: 2 min

    Nearly 20 McDermott M&A, tax, health, IP and trial lawyers were listed as counsel to CVS Health in its $77 billion acquisition of Aetna. They include Jeremy Earl, Ankur Goel, Edward Gordon, Daniel Gottlieb, Ankur Gupta, John Kocoras, Joanne Ludovici, Kate McDonald, Joan Polacheck, Barry Quirke, Timothy Shuman, Diann Smith, Justin Uhlemann, Judith Wethall, Michael Wilder, Lowell Yoder and Margaret Cremin.

    About Us

    Jeremy Earl

    Partner

    Washington, DC

    Daniel F. Gottlieb

    Partner

    Chicago

    Kate McDonald

    Partner

    Washington, DC

    Barry J. Quirke

    Partner

    Chicago

    Timothy S. Shuman

    Partner

    Washington, DC

    Michael J. Wilder

    Partner

    Washington, DC

    Lowell D. Yoder

    Partner

    Chicago

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  • State Tax After Reform: Where Are We Going?

    COVERAGE

    State Tax After Reform: Where Are We Going?

    March 12, 2018

    Read time: 2 min

    Stephen Kranz and Diann Smith discussed in this video how determining financial statement impact from the state flow-through of federal tax reform will be complicated by expected changes in state tax policy. Both lawyers noted McDermott’s work with the new STAR Partnership, a coalition focused on taxpayer input to state tax changes made necessary by the new federal tax law.

    About Us

    Stephen P. Kranz

    Partner

    Washington, DC

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