Firm / Organisation

Friedman Kaplan Seiler & Adelman LLP

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This content is provided by Friedman Kaplan Seiler & Adelman LLP.

Managing Partners: Anne E Beaumont, Michael A Gordon, Mala Ahuja Harker, Jason C Rubinstein, and Jeffrey R Wang
Number of partners: 27
Number of lawyers: 51
Languages: Flemish, French, German, Hebrew, Hungarian, Italian, Latvian, Russian, Spanish

Firm Overview:
Friedman Kaplan Seiler & Adelman LLP was founded in 1986 by seven attorneys who quickly built a widely-recognized reputation for providing exceptional representation, particularly in matters of special complexity and first impression. Since that time, the firm has created a practice that prioritizes intellectual strength and agility over size, allowing its attorneys to resolve matters optimally, creatively, and cost-efficiently. Today, the firm is made up of approximately 50 attorneys in two offices who provide sophisticated litigation, corporate, and white-collar legal advice in high-stakes matters to clients in the financial services, real estate, media, insurance, and other industries.

Main Areas of Practice:

Complex Commercial Litigation:

■ Representation of Caesars Entertainment Corp. in defence of federal and chancery court lawsuits brought by various creditor groups alleging that transactions violated the terms of bond issuances and the Trust Indenture Act
■ Representation of GSO Capital Partners in litigation challenging its refinancing of debt issued by New Jerseybased home builder Hovnanian Enterprises, Inc.
■ Representation of Wells Fargo and Wachovia in connection with a multibillion dollar dispute with Citigroup arising out of the acquisition of Wachovia by Wells during the financial crisis

Bankruptcy:
■ Representation, over the course of nearly a decade, of two hedge funds pursuing claims against the Republic of Argentina to recover on defaulted bonds. The firm’s clients recently finalized a settlement with the Republic in which they recovered approximately $1.3 billion
■ Representation of U.S Bank National Association in its capacity as indenture trustee of certain notes issued by Windstream Services, LLC in connection with litigation concerning an alleged default under the indenture
■ Representation of Wilmington Savings Fund Society, FSB as successor indenture trustee for $250 million of unsecured 6.125% Senior Notes due 2034 of Nine West Holdings, Inc. at trial with respect to claims arising out of the company’s 2014 leveraged buyout and asset sales
■ Representation of the trustees for noteholders, as well as the Litigation Trustee for the Tribune bankruptcy estates, in the multidistrict Tribune Company Fraudulent Conveyance Litigation in seeking to recover billions of dollars distributed to shareholders in Tribune’s 2007 leveraged buyout
■ Representation of Sony Electronics Inc. in defense against $200 million in claims by the trustee of the Circuit City Liquidating Trust alleging preferential transfer, breach of contract, unjust enrichment, and other claims

Employment:
■ Representation of one of the world’s most prominent inter-dealer brokerage firms in the successful defense in eight consolidated FINRA arbitrations of claims of employee “raiding” and other business torts
■ Representation of a major financial services company in a five month jury trial successfully defending against claims of racketeering, misappropriation of trade secrets, and unfair competition totaling $1 billion

Insurance:
■ Representation of Silverstein Properties in an appraisal action and federal litigation concerning the adjustment of an $860 million insurance policy covering 7 World Trade Center

Appellate:
■ Obtaining a Second Circuit decision in favor of Silverstein Properties, defeating $250 million tort claims by Con Edison related to the collapse of the 7 World Trade Center building on September 11, 2001

Special Committees:
■ Representation of the Special Litigation Committee of Aetna in connection with its investigation of derivative claims asserted against the company’s directors by two shareholders in connection with the Aetna/ Humana merger
■ Conducting an internal investigation on behalf of the Audit Committee of a NYSE-listed consumer financial services company in connection with the Committee’s review of the company’s previously issued financial statements
■ Representation of a Special Committee of the Board of Directors of a leading financial services firm in investigating errors in the firm’s public reporting

Malpractice Defense:
■ Friedman Kaplan frequently represents AM100 law firms in connection with the defense of claims of malpractice, and has a track record of resolving the claims prior to litigation being filed, as well as – in the event of litigation – obtaining dismissal of the claims at jury trial and on appeal

Corporate:
■ Representation of Trilogy International Partners, an international telecommunications company led by wireless pioneer John W. Stanton, in its conversion to a public company through a $875 million business combination with Alignvest Acquisition Corporation, a Canadian SPAC, in an Up-C transaction. The firm also advised the client on its substantially concurrent refinancing of its high yield bonds
■ Representation of Eagle River Holdings, LLC in connection with the sale of its holdings in Clearwire Corporation to Sprint Nextel Corp.
■ Representation of prominent hedge and private equity funds in both domestic and foreign investment and exit transactions
■ Representation of Arkwin Industries, Inc. in its acquisition by publicly-owned TransDigm Group, Inc. for a purchase price in excess of $250 million

White Collar:
■ Representation of Chuck Blazer, the founder of organized American soccer, relating to FIFA, the international soccer organization, in connection with investigations by the FBI, DOJ, and IRS
■ Representation of the former first lady of an African nation in a significant FCPA investigation being conducted by the DOJ
■ Representation of a multinational food corporation in connection with an ongoing investigation by the New York Attorney General
■ Representation of the Executive Director of the New York Port Authority as a major witness in the high-profile ‘Bridgegate’ scandal, a four-day traffic shutdown that caused colossal delays at the George Washington Bridge