Newsroom Categories: Press release

  • McDermott Partner Kate McDonald Recognized as a DC Rising Star by The National Law Journal

    McDermott Partner Kate McDonald Recognized as a DC Rising Star by The National Law Journal

    AWARDS & RANKINGS / PRESS RELEASE

    McDermott Partner Kate McDonald Recognized as a DC Rising Star by The National Law Journal

    September 1, 2023

    Read time: 3 min

    WASHINGTON, D.C. – September 1, 2023 – International law firm McDermott Will & Emery is pleased to announce partner Kate McDonald has been named a DC Rising Star as part of The National Law Journal’s Legal Awards 2023.

    Kate serves as Partner-in-Charge of the Healthcare Practice Group in Washington, D.C., and represents clients across the healthcare industry on complex regulatory matters and high-stakes mergers and acquisitions, affiliations and other investments. Kate is regularly called on by health plans, provider organizations, technology start-ups, private equity funds, retailers and other clients to benchmark risks, solve regulatory challenges and structure transactions, particularly those that involve federal and state healthcare programs.

    The National Law Journal’s DC Rising Stars series recognizes lawyers who have wielded influence in their practice areas in the DC area and beyond. Honorees are touted for developing unique practice niches, securing wins for clients, cultivating robust books of business and demonstrating strong leadership qualities.

    You can view the full list of honorees.

    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.

    Kate McDonald

    Partner

    Washington, DC

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  • McDermott Advises European Depositary Bank on Revolving Credit Facility For i(X) Net Zero, A Publicly Listed Investment Platform

    McDermott Advises European Depositary Bank on Revolving Credit Facility For i(X) Net Zero, A Publicly Listed Investment Platform

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advises European Depositary Bank on Revolving Credit Facility For i(X) Net Zero, A Publicly Listed Investment Platform

    September 1, 2023

    Read time: 3 min

    International law firm McDermott Will & Emery advised the European Depositary Bank on the provision of a revolving credit facility for i(x) Net Zero.

    i(x) Net Zero is a publicly listed investment company which focuses on investment in the energy transition and sustainability in the built environment. Founded in 2015 by Pär Lindström, Trevor Neilson and Howard W. Buffett, it provides its shareholders with the opportunity to create long-term capital growth with positive, scalable, measurable and sustainable impact on the environment and on the communities it serves.

    European Depositary Bank (“EDB”) was founded in 1973 in Luxembourg. It was originally established as a subsidiary of Hamburg based private bank M.M.Warburg & CO (AG & CO) KGaA and was acquired by Apex Group Ltd (“Apex Group”) in 2019. EDB is supported by Apex Group’s strong global network and is one of the largest providers of depositary services in Europe for regulated UCITS and alternative funds with €177bn Assets under Depositary and €26bn Assets under Custody (as of July 31, 2023).

    This transaction demonstrates McDermott’s continued expertise in the ESG sector.

    The McDermott team was led by partner Aymen Mahmoud and supported by senior associate Nicholas Jupp and associate Bethany Drayton.

    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.

    Aymen Mahmoud

    Partner

    London – 22 Bishopsgate

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  • McDermott Expands Accounting Defense Practice with Industry Veteran

    McDermott Expands Accounting Defense Practice with Industry Veteran

    PRESS RELEASE

    McDermott Expands Accounting Defense Practice with Industry Veteran

    August 29, 2023

    Read time: 4 min

    International law firm McDermott Will & Emery has made a strategic addition to its Litigation Practice Group, welcoming former EY and PWC general counsel Ron Hauben as partner and co-head of the Firm’s accounting defense practice. Drawing on senior leadership experience at Big Four accounting firms, Ron brings extensive knowledge of the legal, regulatory and business factors affecting the accounting profession.

    “During recent years, we’ve helped clients navigate a profound shift in the accounting industry,” said Steven Scholes, global head of McDermott’s Litigation Practice Group. “Ron will be an incredible asset to our clients as we continue to counsel them through ongoing changes to the accounting industry and beyond. His successful track record of leading complex litigation will help us guide clients in their most challenging situations.”

    Ron provides a full scope of legal services to accounting firms: regulatory enforcement, litigation defense, corporate governance and advice on a wide range of risk, crisis management and professional practice issues. He emphasizes the role of independent auditors and the importance of independent audits for stakeholders and capital markets.

    “I’m thrilled to join McDermott and leverage my previous industry and in-house experience to defend accounting firms and their professionals in a wide variety of matters,” said Ron.

    Through his in-house roles, Ron served as a trusted legal and business advisor to chief executive officers, senior management and board members. He is the former vice chair and general counsel at Ernst & Young, and prior to that, he held the role of general counsel, among other senior positions, at PricewaterhouseCoopers.

    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.

    McDermott’s Litigation Practice Group has more than 550 lawyers practicing across the globe. The accounting defense practice counsels clients who perform a wide range of professional services, including public and private audit services, tax compliance and consulting and other advisory services. Lawyers from this team have defended accounting firms and individuals in some of the most significant cases in recent decades, including Bernie Madoff, Enron, Adelphia and Stanford.

    Steven S. Scholes

    Partner

    Chicago

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  • McDermott Eyes Growth Opportunities in Latin America with Addition of Transactions Partner

    PRESS RELEASE

    McDermott Eyes Growth Opportunities in Latin America with Addition of Transactions Partner

    August 24, 2023

    Read time: 4 min

    International law firm McDermott Will & Emery welcomes Howard Kleinman as a partner and co-head of LatAm in the Transactions Practice Group.  Howard brings extensive international experience in mergers and acquisitions, capital markets and financial transactions, with a strong emphasis on businesses and investors in Latin America.

    “Howard’s deep expertise across Latin America gives him a truly unique perspective that clients need for complex multinational strategies,” said Harris Siskind, global head of the Firm’s Transactions Practice Group. “He has a fantastic ability to work seamlessly across borders, which very much plays into McDermott’s strengths. We’re delighted to welcome him to the team.”

    He advises a range of public- and privately-held companies and financial institutions throughout Latin America. Key representations include:

    • Supporting companies in establishing and growing their global footprints. Clients have included Grupo México, Grupo Sordo Madaleno, Grupo Boticário, Compañía Cervecerías Unidas S.A. and SKY Airline, among others.
    • Leading complex cross-border transactions, including a $2.1 billion acquisition of a US freight transportation business by a Mexico-based enterprise.
    • Negotiating high-stakes project financing, including a $1.5 billion bid for an energy sector project in Chile—the largest at the time.

    “As counsel to some of Latin America’s largest businesses and investors, I couldn’t pass up the opportunity to leverage McDermott’s international platform and further advance the Firm’s global strategy,” said Howard.

    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.

    McDermott’s Transactions Practice Group represents business interests around the world, from global corporations and industry-leading companies to privately funded and entrepreneurial-driven enterprises, as well as the financial institutions that support them. The Firm consistently ranks in the leading league tables, including Mergermarket, Thomson Reuters, Bloomberg and PitchBook.

     

    Howard Kleinman

    Partner

    New York – One Vanderbilt Avenue

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  • McDermott Named International Law Firm of the Year Finalist by The British Legal Awards 2023

    AWARDS & RANKINGS / PRESS RELEASE

    McDermott Named International Law Firm of the Year Finalist by The British Legal Awards 2023

    Read time: 3 min

    LONDON – AUGUST 24, 2023 – International law firm McDermott Will & Emery is delighted to announce that it has been named a finalist for International Law Firm of the Year by The British Legal Awards 2023, hosted by Law.com International. This honor recognizes the Firm’s legal expertise and innovation, strategic vision, client satisfaction, and employee development.

    In addition, McDermott has been shortlisted for:

    • Banking and Finance Team of the Year;
    • Private Client Team of the Year; and
    • Private Equity Team of the Year.

    “We are very excited to be shortlisted in so many categories. It is our best showing in recent times (to date), and the first time in the International Law Firm of the Year category,” said Hamid Yunis, London Managing Partner at McDermott Will & Emery. “This demonstrates our substantial growth and investment in developing many of our market-leading positions”.

    The British Legal Awards is one of the leading legal awards in the region, representing the best of the best within the UK’s legal community. Winners will be announced at an in-person award ceremony in London on November 29th.

    View the full list of finalists here.

    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.

    Aymen Mahmoud

    Partner

    London – 22 Bishopsgate

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  • Schulte represents JANA Partners in settling Freshpet proxy contest

    Schulte represents JANA Partners in settling Freshpet proxy contest

    PRESS RELEASE

    Schulte represents JANA Partners in settling Freshpet proxy contest

    August 24, 2023

    Read time: 3 min

    Schulte Roth & Zabel represented JANA Partners in resolving its proxy contest with Freshpet, Inc. through the company agreeing to appoint two new directors to its Board.

    Freshpet appointed JANA nominee Timothy McLevish and Joseph Scalzo to its board, effective immediately, increasing the board’s size from ten to twelve directors.

    JANA and Freshpet entered into a cooperation agreement after a months-long battle with the company including litigation in Delaware Chancery Court surrounding Freshpet reconstituting its staggered board and moving up its annual meeting date.

    The Schulte team was led by partner Ele Klein, co-chair of the Global Shareholder Activism Group and co-chair of the M&A and Securities Group, associates Daniel Goldstein, Vera Lee and Abraham Schwartz, and law clerk Julia Cummings. The Schulte litigation team was led by partner and co-chair of the Litigation Group Michael Swartz, partner Julia Beskin and associate Tara Lederer.

    About Us

    Ele Klein

    Partner

    New York – 919 Third Avenue

    Daniel A. Goldstein

    Counsel

    New York – 919 Third Avenue

    Abraham Schwartz

    Partner

    New York – 919 Third Avenue

    Julia Beskin

    Partner

    New York – 919 Third Avenue

    Tara S. Lederer

    Associate

    New York – 919 Third Avenue

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  • McDermott Advises on Formation of a Joint Venture to Build a Sustainable Logistics Portfolio

    McDermott Advises on Formation of a Joint Venture to Build a Sustainable Logistics Portfolio

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advises on Formation of a Joint Venture to Build a Sustainable Logistics Portfolio

    August 23, 2023

    Read time: 3 min

    Düsseldorf, August 23, 2023 – McDermott Will & Emery has advised a German family office and evolutiq GmbH on the formation of a joint venture with NREP to build a logistics portfolio in Germany.

    evolutiq GmbH and NREP’s logistics real estate development and management platform Logicenters will act as developers and asset managers for the joint venture partners. The first joint project refers to a brownfield development in Mannheim. On an area of approx. 28,000 sqm a green logistics property with approx. 18,500 sqm of rental space is to be built. Completion of the property is planned for Q1/2025.

    NREP is the largest real estate investment manager in the Nordic countries with assets under management of around 19 billion euros. The company is considered a pioneer in the field of sustainability. Logicenters was founded by NREP in 2015.

    Investment and asset management company evolutiq GmbH focuses on digital and sustainable projects for logistics and office properties throughout Germany.

    The McDermott team comprised of partners Sebastian von Lossow, Dr. Jens Ortmanns, Thomas Beisken, Dr. Kian Tauser and Dr. Florian Schiefer as well as associate Alina Affeld.

    About Us

    Dr. Jens Ortmanns

    Partner

    Düsseldorf, Cologne

    Thomas A. Beisken, LL.M.

    Partner

    Düsseldorf

    Dr. Kian Tauser

    Partner

    Frankfurt

    Dr. Florian Schiefer

    Partner

    Frankfurt

    Alina Affeld

    Associate

    Düsseldorf

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  • Oklahoma Supreme Court Grants Motion to Retain Tulsa Race Massacre Survivors’ Case

    Oklahoma Supreme Court Grants Motion to Retain Tulsa Race Massacre Survivors’ Case

    PRESS RELEASE

    Oklahoma Supreme Court Grants Motion to Retain Tulsa Race Massacre Survivors’ Case

    August 18, 2023

    Read time: 6 min

    The Oklahoma Supreme Court agrees to review the 1921 Tulsa Race Massacre Survivors‘ appeal. The panel of nine justices will determine whether their case should be sent back to the district court for proper application of the law.

    On August 7, 2023, the Survivors‘ legal team, descendants, and national and local organizations held a press conference at the Oklahoma Supreme Court to discuss why the Oklahoma Supreme Court should swiftly reverse Judge Wall’s decision (Watch it here)

    “If this truly is a nation of laws and a state based on the law, then my clients, the last-known survivors of the massacre, should get the opportunity that no one else who suffered the devastation had the privilege of,” explains Damario Solomon-Simmons, National Civil Rights Attorney and founder of Justice for Greenwood. “They should be able to go to court and have a court of law determine what occurred and what it takes to fix or abate the nuisance created when 40 blocks were burned to the ground, over 1,500 homes and businesses were destroyed and never rebuilt. This destruction occurred due to crimes, destroying property and making it uninhabitable. That fits directly within the Oklahoma Public Nuisance statute that has been on the books for over one-hundred years.”

    The District Court’s ruling in this case unlawfully requires a party alleging a public nuisance claim to plead the exact abatement remedy that the party thinks could cure the problem — before discovery, before trial, and before any determination of liability.  “It’s an impossible pleading standard and it has no basis in Oklahoma’s notice pleading code or decisional law,” said Randall Adams, co-counsel for Survivors and litigation partner at Schulte Roth & Zabel LLP.

    Further, the District Court allowed the defendants to breach an agreement that they made in open court that they would not file new motions to dismiss Survivors unjust enrichment claims.  Not only did defendants move for a second time to dismiss Survivors’ unjust enrichment claims, but also the District Court erroneously granted the meritless motions.

    “This is a fight for righteous justice and redress. It’s not about anything other than advancing this case according to the law as it is written,” Mr. Solomon-Simmons stated. “Our Supreme Court should fulfill its constitutional duty by examining the law and promptly overturning Judge Caroline Wall’s erroneous decision to dismiss our case. They should remand it back to the district courts to enable us to proceed with discovery.”

    ABOUT THE TULSA RACE MASSACRE 

    The Tulsa Race Massacre took place in 1921 when a mob of white individuals, deputized and armed by municipal and county officials, killed, looted, and burned down the Greenwood area. The Massacre resulted in the murder of more than 300 Tulsans and the destruction of the prosperous Greenwood neighborhood, often referred to as “Black Wall Street.”

    ABOUT GREENWOOD

    Greenwood, most revered for “Black Wall Street” was co-founded by Black Creeks — it became one of the most prosperous, organized, and successful Black communities in United States history, and a place for Black people to escape the political, economic, and social oppression of southern lawmakers post-civil war. 

    ABOUT JUSTICE FOR GREENWOOD FOUNDATION

    Justice for Greenwood is a grassroots, 501(c)(3) organization with a big vision: to get Respect, Reparations, and Repair for the Greenwood community for the near century of historical omissions and continued harm caused by the 1921 Massacre, through survivor and descendant support, public education, and advocacy.

    ABOUT SCHULTE ROTH & ZABEL

    With a firm focus on private capital, Schulte Roth & Zabel LLP (“Schulte”) comprises legal advisers and commercial problem-solvers who combine exceptional experience, industry insight, integrated intelligence and commercial creativity to help clients raise and invest assets and protect and expand their businesses. The firm has a long history as a leader in pro bono legal work and a legacy of contributing to the greater good. Schulte embraces its professional and moral obligations to seek justice through the legal system. The firm directly represents and empowers the most vulnerable and marginalized; brings impact litigation to fuel social change; and supports social entrepreneurs to form the next generation of mission-driven organizations that will advocate for the underserved.

    RECOGNIZING OUR ACCOMPLISHED LEGAL TEAM, AND NATIONAL & LOCAL PARTNERS

    Damario Solomon-Simmons, Kym Heckenkemper, and Beatriz Mate-Kodjo of Solomon Simmons Law; J. Spencer Bryan and Steven Terrill of BryanTerrill, P.C.; Professor Eric Miller of Loyola Marymount College of Law; Maynard M. Henry, Sr.; Lashandra Peoples-Johnson and Cordal Cephas of Johnson Cephas Law PLLC; and Michael Swartz, Randall Adams, Sara Solfanelli, McKenzie Haynes, Erika Simonson, Ekenedilichukwu (Keni) Ukabiala, Theodore Keyes, Jill Guzzetti, Victoria Harris, and Melanie Collins of Schulte, Tiffany Cross (American television personality, political analyst, and author), Brittany Packnett-Cunningham (Podcast and MSNBC Host and Director of Social Impact at BET), Gerry Johnson (Human Rights Watch), Oklahoma State Representative Regina Goodwin, Dr. Tiffany Crutcher (Executive Director and Founder, Terence Crutcher Foundation) Cassidy Fallik (ACLU OK). 

    About Us

    Sara E. Solfanelli

    Partner

    New York – 919 Third Avenue

    Ekenedilichukwu (Keni) E. Ukabiala

    Associate

    New York – 919 Third Avenue

    Theodore A. Keyes

    Partner

    New York – 919 Third Avenue

    Victoria Harris

    Associate

    New York – 919 Third Avenue

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  • McDermott Bolsters Real Estate and Private Equity Practices with Addition of Leading Real Estate Partner in New York

    McDermott Bolsters Real Estate and Private Equity Practices with Addition of Leading Real Estate Partner in New York

    PRESS RELEASE

    McDermott Bolsters Real Estate and Private Equity Practices with Addition of Leading Real Estate Partner in New York

    August 16, 2023

    Read time: 4 min

    International law firm McDermott Will & Emery welcomes David Herman to its Transactions Practice Group as a partner. David is a highly regarded real estate lawyer focusing on all aspects of commercial real estate transactions across the full spectrum of asset classes, primarily for private equity firms and other asset managers.

    “The commercial real estate market continues to shift following the pandemic, particularly in New York, which presents tremendous opportunities for our clients,” said David. “McDermott’s platform emphasizes cross-practice collaboration and will further help our clients achieve the most optimal executions, restructurings and investment outcomes.”

    With over two decades of experience counseling clients, including some of the nation’s premier real estate firms, David has advised in complex transactions totaling more than $100 billion. His representations include:

    • Advising public and private REITs on mergers, acquisitions, joint ventures and spin-offs, including Lehman Brothers in connection with the bankruptcy and subsequent restructuring of its real estate portfolio.
    • Counseling industry clients on general corporate matters, mortgage-backed securitizations, commercial lending transactions, company and asset portfolio acquisitions and dispositions, private equity transactions and other real estate-related transactions.
    • Advising lenders, borrowers and special servicers on loan restructurings, workouts and take-backs.

    “As a top five law firm in private equity, both globally and in the US*, we’re pleased to further strengthen our robust real estate private equity practice with David’s expertise in the industry,” said Dr. Jens Ortmanns, global head of the Firm’s Real Estate and Real Estate Finance Group.

    Joining David’s team are partner Sam Limmer (Washington, DC) and counsel Cynthia (Cindy) Resnick (Miami.)

    Sam represents real estate-focused entities, including developers, operators, private equity firms, REITs, financial institutions and special servicers. He has advised clients on a broad range of transactions across the United States involving multifamily, office, film studio, retail, hospitality and gaming, life sciences, residential, industrial, and condominium properties and portfolios.  Cindy represents major institutions, developers, private equity funds, servicers and other real estate owners and investors in a broad range of real estate-related transactions. Sam and Cindy join from Paul Hastings.

    “We see momentum on the horizon for real estate and private equity clients, and with David’s extensive experience in handling complex transactions and restructurings in dynamic market environments, we are in an even better position to grow our practice,” said Harris Siskind, global head of the Firm’s Transactions Practice Group. “We are thrilled David and his team have chosen McDermott and extend a very warm welcome.”

    * PitchBook, Q1 2023

    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.

    McDermott’s global real estate team counsels clients on the acquisition, development, financing, disposition and restructuring of all real estate asset classes. Our Transactions Practice Group represents business interests around the world, from global corporations and industry-leading companies to privately funded and entrepreneurial-driven enterprises, as well as the financial institutions that support them. The Firm consistently ranks in the leading league tables, including Mergermarket, Thomson Reuters, Bloomberg and PitchBook.

    Dr. Jens Ortmanns

    Partner

    Düsseldorf, Cologne

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  • McDermott Advises Bayotech On Partnership With Nikola

    McDermott Advises Bayotech On Partnership With Nikola

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advises Bayotech On Partnership With Nikola

    August 15, 2023

    Read time: 3 min

    International law firm McDermott Will & Emery represented BayoTech, Inc., an innovator in hydrogen production, transportation and storage solutions, on its strategic supply agreement with Nikola Corporation, a global leader in zero-emissions transportation and energy supply and infrastructure solutions.

    McDermott’s hydrogen team and e-mobility team combined to advise on negotiating and executing agreements to purchase up to 50 Nikola Class 8 hydrogen fuel cell electric trucks for zero-emission hydrogen transport over the next five years. The Nikola trucks will be paired with up to 10 BayoTech HyFill™ bulk transport trailers to deliver low-carbon hydrogen to customer refueling stations. BayoTech will supply Nikola with low-carbon hydrogen from its Missouri and California hydrogen hubs.

    BayoTech, is committed to addressing the global need for reliable, cost-effective and low-carbon hydrogen. BayoTech sites hydrogen production close to demand and distributes it to nearby consumers via high-pressure gas transport and storage equipment. Customers are accelerating the decarbonization of their energy and transportation systems through BayoTech’s supply of hydrogen molecules and equipment.

    The McDermott team was led by partner Carl Fleming and Ming Lei. Jonathan Henry is the relationship partner for BayoTech.

    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.

    Carl J. Fleming

    Partner

    Washington, DC

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