DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises Scibids Technology on its Acquisition by US Listed Company DoubleVerify
August 7, 2023
Read time: 3 min
McDermott Will & Emery has advised Scibids Technology, provider of a deep-tech solution for optimizing advertising campaigns, on its acquisition in cash and shares by US-listed DoubleVerify, a technology platform with expertise in analyzing and measuring the quality and effectiveness of digital media campaigns.
The alliance will create the industry’s first solution that links DoubleVerify’s verified data on every impression with Scibids’ artificial intelligence to maximize campaign performance.
The McDermott Paris team that advised Scibids Technology comprised:
- Diana Hund, partner, Maxime Fradet and Marie-Muriel Barthelet, counsels, Julien-Pierre Tannoury and Constance Muller, associates, on the corporate aspects of the deal
- Abdel Abdellah, associate in employment law
- Charles de Raignac, associate, on the intellectual property aspects
- Hélène Adda, associate, on the personal data aspects.
- Antoine Vergnat, partner, and Paul-Henry de Laguiche, associate, on tax issues
The McDermott US team, also involved in this transaction, comprised:
- Eric Orsic and Ann Marie Brodarick, partners
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.
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Tulsa Race Massacre Survivors Ask Oklahoma Supreme Court to Reverse Dismissal Before They Die
PRESS RELEASE
Tulsa Race Massacre Survivors Ask Oklahoma Supreme Court to Reverse Dismissal Before They Die
August 7, 2023
Read time: 5 min
Lessie Benningfield Randle, Viola Fletcher, and Hughes Van Ellis, Sr. (“Survivors”), the last three known survivors of the 1921 Tulsa Race Massacre, appealed to the Oklahoma Supreme Court requesting that the Court quickly reverse Tulsa County District Judge Caroline Wall’s unlawful dismissal of their lawsuit.
At a press conference at the Oklahoma Supreme Court, the Survivors’ legal team including Schulte Roth & Zabel pro bono attorneys, partner Randall Adams and associate Erika Simonson, discussed why they are confident that the Oklahoma Supreme Court will swiftly reverse Judge Wall’s decision.
“The facts of this case fit squarely within the common law property-based limitations that have shaped Oklahoma’s public nuisance statute for more than a century,” explains Damario Solomon-Simmons, lead attorney for Survivors and founder of Justice for Greenwood. “The District Court unlawfully imposed on Survivors a heightened pleading standard that has never been adopted by a court in Oklahoma. Survivors adequately plead a public nuisance claim pursuant to the definition provided by the Oklahoma Supreme Court in their recent decision in Johnson & Johnson on November 11, 2021.”
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.
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 the Survivors’ unjust enrichment claims. Not only did defendants move for a second time to dismiss the Survivors’ unjust enrichment claims, but also the District Court erroneously granted the meritless motions.
“It is important to recognize that if the Oklahoma Supreme Court allows Judge Wall’s decision to stand, it will become far more difficult for individuals and businesses across the state to vindicate their legal rights,” Mr. Solomon-Simmons said. “While this case carries historic significance for the Greenwood community that has been damaged and exploited for more than 102 years, the significance that the District Court’s holding would have on all Oklahomans seeking justice through the legal system cannot be overstated.”
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
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.
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Schulte lawsuit challenging Oklahoma classroom censorship bill still on hold by federal judge
PRESS RELEASE
Schulte lawsuit challenging Oklahoma classroom censorship bill still on hold by federal judge
Read time: 3 min
Schulte Roth & Zabel, The American Civil Liberties Union of Oklahoma and Lawyers Committee for Civil Rights Under Law have been waiting for over a year and a half for the Court to rule on its Preliminary Injunction in Black Emergency Response Team v. O’Connor. This action was filed in October 2021 and challenges an Oklahoma classroom censorship bill, HB 1775, which severely restricts public school teachers and students from learning and talking about race and gender in the classroom.
The lawsuit alleges that HB 1775 is an unlawful restraint on freedom of expression by silencing students’ and educators’ speech through its vague and overbroad terms. It also intentionally targets and denies access to equitable, culturally relevant teaching and ideas that reflect the history and lived experiences of Black, Indigenous, and other people of color; women and girls; and LGBTQ+ students.
The ability for educators and students to have honest conversations around race, gender, and our country’s history in schools carry particular importance in Oklahoma, whose history includes the 1889 Land Runs, “Indian” boarding schools, the 1921 Tulsa Massacre, and racially segregated schools.
With respect to the long delay in the Court deciding the Preliminary Injunction motion, The Norman Transcript spoke with Emerson Sykes, a senior staff attorney with the ACLU Speech, Privacy, and Technology Project, who commented, “The judge decided that no argument was necessary, and has not ruled on a single thing. There are pending motions on both sides … there has been no word from the court, no decision, no orders, no argument, no status conference, nothing.” Sykes added, “… because an injunction was not put in place, the law is in full effect, which is felt by students and teachers.”
The Schulte pro bono team is led by partners Doug Koff and Julia Beskin.
Read The Norman Transcript article.
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McDermott Represents The Morgan Family In Acquisition Of The Washington Commanders
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents The Morgan Family In Acquisition Of The Washington Commanders
August 4, 2023
Read time: 3 min
International law firm McDermott Will & Emery represented the Morgan family in connection with their equity investment in the syndicate led by Josh Harris in the acquisition of the Washington Commanders.
The Morgan family operates Morgan Properties, a national real estate investment and management company with over 95,000 units headquartered in King of Prussia, Pennsylvania. Morgan Properties was founded in 1985 by Mitchell Morgan. Jonathan and Jason Morgan represent the next-generation leaders growing the platform and overseeing the business operations today. The Company is among the three largest multifamily owners in the nation and the largest in Pennsylvania, Maryland and New York. In addition to Josh Harris and the Morgan family, the Commanders new ownership group includes: Mitch Rales, Magic Johnson, David Blitzer, Mark Ein, Lee Ainslie, Eric Holoman, Michael Li, Marc Lipschultz, Doug Ostrover, the Santo Domingo family, Michael Sapir, Eric Schmidt and Andy Snyder.
The Harris group’s ownership was approved by the NFL at a league meeting on July 20 and the deal closed on July 21.
The McDermott transaction team included Scott Bowman, Patrick McCurry, Tom Conaghan and Brooks Gruemmer, with substantial assistance from Nate Wolfe, Greg Berson, Alex Farr, Andrew Granek and Christine Kretkowski.
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.
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Schulte is proud to support NYC Asylum Application Help Center
PRESS RELEASE
Schulte is proud to support NYC Asylum Application Help Center
Read time: 2 min
Schulte Roth & Zabel is proud to support the New York City Asylum Application Help Center in helping migrants submit more than 1,300 asylum applications since the end of June. Schulte lawyers have volunteered to assist in the asylum application process and business staff have worked to send donations in support of the help center.
Schulte was one of the private law firms recognized by New York City Mayor Eric Adams for working pro bono with the City to find a pathway forward for asylum seekers.
Read the press release here.
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McDermott Advises EIH Capital Partners On The Sale Of The Expanded Metal Company
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises EIH Capital Partners On The Sale Of The Expanded Metal Company
August 3, 2023
Read time: 3 min
International law firm McDermott Will & Emery advised EIH Capital Partners on the sale of The Expanded Metal Company to Meiser International GmbH for an undisclosed consideration.
The Expanded Metal Company is a renowned specialist in expanded metal mesh solutions and was previously part of the Expamet group of companies.
EIH Capital Partners is a buyout fund managed by EIH Capital Advisors. The fund is located in Nashville, Tennessee and targets the commercial products, manufacturing and industrial sectors.
Tom Whelan said: “It was a pleasure to advise the EIH Capital Partners’ team led by David F. Alfonso on this key disposal and I wish the management team of The Expanded Metal Company led by John Charlton and the buyer Meiser International GmbH every success with the business in the future.”
The McDermott team was led by private equity partner Tom Whelan, supported by associate Rosie Mist (corporate), and counsel Sarah Gabbai (Tax) with trainee solicitors Adam Abbott and Laura-May Jones. Partners Philipp Grenzebach and Sebastian Bonk in Düsseldorf also advised.
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.
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Schulte Roth & Zabel Represents Kimmeridge in Closing of E&P-Focused Fund
PRESS RELEASE
Schulte Roth & Zabel Represents Kimmeridge in Closing of E&P-Focused Fund
Read time: 3 min
Schulte Roth & Zabel represented Kimmeridge, an alternative asset manager focused in the energy sector, in the final closing of Kimmeridge Fund VI and related vehicles. Schulte continues to advise the firm as they lead the industry in redefining the exploration & production business model and attract capital across a host of energy strategies.
In a deal announced today, Fund VI is 25 percent larger than Fund V (2018), and marks the first time Kimmeridge has offered a dedicated feeder fund for sovereign wealth funds and other non-US investors. The fund, which will identify, acquire and develop unconventional assets across top-producing basins in North America, received support from institutional investors, including endowments, foundations, public pensions, family offices and sovereign wealth funds.
The Schulte team advising Kimmeridge was led by partner Jason Kaplan and also included special counsel Daniel Daneshrad and associates Colin Conroy and David Isakov, all of the firm’s Investment Management Group, and partner David Wermuth and associate Jacob Gach of the firm’s Tax Group.
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McDermott Adds Prominent Antitrust Partner in New York
PRESS RELEASE
McDermott Adds Prominent Antitrust Partner in New York
August 2, 2023
Read time: 4 min
NEW YORK CITY (AUGUST 2, 2023) – International law firm McDermott Will & Emery welcomes Elai Katz to its Regulatory Practice Group as a partner in New York City. Elai is a highly sought-after advisor to Fortune 100 companies navigating significant antitrust hurdles.
“We are thrilled to welcome Elai to our antitrust team in New York, a priority market for our clients,” said Ray Jacobsen, global head of McDermott’s Antitrust Practice. “Elai is particularly attuned to the role antitrust review plays in negotiating and completing mergers and acquisitions, and we know our clients will benefit from his deep experience and talent.”
Elai brings more than two decades of experience handling antitrust issues associated with mergers and acquisitions, government investigations and litigation. He represents buyers and sellers across a range of industries, including aviation, financial services, insurance, healthcare, media, online retail and telecommunications. On the transactions side, he guides clients through antitrust and foreign investment regulatory reviews in the United States and internationally.
Elai also represents clients in a variety of antitrust disputes, including complex class actions alleging price fixing and monopolization and matters involving distribution arrangements and price discrimination. He also regularly advises on joint ventures and trade associations as well as marketing, pricing and distribution strategies.
“McDermott is a long-time leader in the practice of antitrust law globally, and I’m delighted to join this stellar team of impressive lawyers,” Elai said. “My move to McDermott presents clients with an opportunity to accomplish goals and solve problems not only with help from top antitrust counsel but also across healthcare, privacy and energy practices.”
Elai is one of only a few antitrust lawyers in New York City ranked Band 1 by Chambers USA. He is also recognized by Benchmark Litigation, Who’s Who Legal and Legal 500 as one of the premier antitrust lawyers in New York City.
Elai currently serves on the International Policy and Comments Committee of the American Bar Association’s Antitrust Law Section, and he was former chair of the New York State Bar Association’s Antitrust Law Section. An antitrust thought leader, he writes a column in The New York Law Journal.
McDermott’s Global Antitrust Practice
A global antitrust team of 65 lawyers across offices in Brussels, Chicago, Düsseldorf, New York, Paris, Frankfurt and Washington, DC, McDermott offers clients an extraordinary breadth of industry experience. Our lawyers are known for using innovative strategies to solve complex antitrust issues while building a deep knowledge of clients’ businesses to implement the best path forward.
McDermott’s global antitrust team is regularly listed in Global Competition Review’s “Global Elite” as a top competition law team. Its strength is also recognized by other leading industry organizations and rankings, such as Chambers & Partners (Top Ranked), The Legal 500 US & EMEA (Leading Firm) Best Lawyers, Best Law Firms (Tier 1) and Benchmark Litigation (Highly Recommended).
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.
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McDermott Continues To Strengthen Transactions Practice With New Derivatives Partner In London
PRESS RELEASE
McDermott Continues To Strengthen Transactions Practice With New Derivatives Partner In London
August 2, 2023
Read time: 4 min
International law firm McDermott Will & Emery is pleased to announce the appointment of partner Vlad Maly to its Transactions Practice Group in London.
“We have long wanted to broaden the scope of our corporate derivatives offering in London and strengthen our global finance offering,” said Harris Siskind, Global Head of the Firm’s Transactions Practice Group. “The type of products Vlad advises on are often used by private equity funds and family offices, which will be invaluable to our international clients looking to do business in Europe and the United States.”
Vlad’s practice focuses on the use of complex capital markets and equity derivative instruments in the context of cross-border financings, M&A activity and other corporate transactions.
Vlad’s clients include global financial institutions, corporates, private equity funds, family offices, sovereign wealth funds, and asset management clients engaging in acquisitions and disposals of investments, non-traditional finance structures and portfolio risk transfers.
“Vlad is an outstanding lawyer with an exceptional corporate derivatives practice. I am very pleased to welcome him to the London office and Firm,” said Hamid Yunis, Managing Partner of the London Office. “In particular, Vlad’s practice will have great synergies with our private equity, financing and private client team, making him a great fit for us.”
“I’m excited to be joining McDermott to provide my client base with an excellent international platform that can meet their needs across Asia, Europe and the US. The Firm has an outstanding reputation in corporate and M&A field, which is key for a success of a corporate derivatives practice,” Vlad said. “I very much look forward to working with my new colleagues in the private equity and private client groups as there are a lot of opportunities to cross-sell.”
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.
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McDermott Comment | Hundreds Of New North Sea Oil And Gas Licences To Boost British Energy Independence And Grow The Economy
PRESS RELEASE
McDermott Comment | Hundreds Of New North Sea Oil And Gas Licences To Boost British Energy Independence And Grow The Economy
July 31, 23
Read time: 2 min
Shah Khandokar, a partner at law firm McDermott Will & Emery, said:
“Forward-thinking energy companies and stakeholders will be scrutinising the Government’s carbon capture policies; it’s clear that new oil and gas exploration licences on their own are fraught with political risk vis-à-vis next year’s election, however, the carbon capture element of today’s announcement will be an issue that both sides of the spectrum are forced to agree on. From an investor perspective, it then becomes a question of exactly how much support will the next Labour or Conservative government provide to carbon capture projects.”