Feb. 18 (Bloomberg) -- Sheppard, Mullin, Richter & Hampton LLP added three partners to the firm’s white collar and investigations and business trials team in San Francisco.
Raymond C. Marshall, Krystal N. Bowen and David S. Cannon joined from Bingham McCutchen LLP. Marshall, a past president of the State Bar of California, sat on Bingham’s executive committee. Bowen was co-chairman of Bingham’s white collar investigations and enforcement group.
Partner Moves Round-up
Manatt, Hogan Lovells, Baker & Botts: Lateral Partner Moves
John Gatti joined Manatt, Phelps & Phillips LLP’s Los Angeles office in the litigation division. He will be co-chairman of the national entertainment litigation practice group. He comes from Stroock & Stroock & Lavan LLP, where he was chairman of the entertainment litigation practice group.
Manatt also hired David Gershon as a partner in the financial service and banking practice. Gershon joined the San Francisco office from Bingham McCutchen.
Hogan Lovells announced the addition of litigation partner Michael Maddigan in Los Angeles. He was previously with O’Melveny & Myers LLP, where he was co-chairman of the health-care and life sciences practice.
Global franchise lawyers Will Woods and Ann Hurwitz, formerly of Baker Botts LLP, joined Baker & McKenzie LLP in Dallas. Hurwitz was previously chairman of the franchise and distribution law practice at Baker Botts.
Winston & Strawn LLP announced that Daniel Passage joined the firm’s Los Angeles office from Bingham McCutchen’s structured transactions group, along with another attorney.
The Houston office of K&L Gates LLP added Brett J. Young, formerly of Norton Rose Fulbright LLP, to the toxic tort/product liability practice.
Energy lawyer Paul Lingard will join Clifford Chance LLP as a partner in its Perth office in April. He was previously at King & Wood Mallesons.
Craig A. Wolfe, formerly of Kelley Drye & Warren LLP, joined Sheppard Mullin as a partner in the finance and bankruptcy practice group in New York.
Skadden Advises Jos. A. Bank on Eddie Bauer Deal
Skadden, Arps, Slate, Meagher & Flom LLP is advising Jos. A. Bank Clothiers Inc., which agreed to buy the Eddie Bauer brand in deal valued at about $825 million.
Kirkland & Ellis LLP represented Golden Gate Capital and Eddie Bauer in the sale with a team that includes corporate partners David Fox and Sarkis Jebejian in New York, and Mikaal Shoaib and Jeremy Veit in San Francisco.
The Skadden team includes mergers and acquisitions partners Paul Schnell and Jeremy London, corporate finance partner Laura Kaufman Belkhayat, banking partner Steven Messina and real estate partner Neil Rock.
Jos. A. Bank also had legal advice from Guilfoil Petzall & Shoemake LLC.
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Baker & McKenzie Opens Myanmar Office for New Frontier Investors
Baker & McKenzie LLP, the world’s second-largest law firm by revenue, opened an office in Myanmar to serve foreign investors entering an economy emerging from five decades of isolation.
“First movers” across the telecommunications, energy, mining and infrastructure industries are already active in one of Asia’s poorest countries, Chris Hughes, head of the office in Yangon’s Sakura Tower, said in an interview.
The former military regime’s move to democracy under President Thein Sein since 2010 has attracted companies such as as Coca-Cola Co., General Electric Co. and Norway’s Telenor ASA. Annual economic growth could double to 8 percent, according to a McKinsey Global Institute report last year.
Hughes, previously a Sydney-based partner, heads a team of six other lawyers in Yangon including five from Myanmar. It is Baker & McKenzie’s 16th office in the Asia-Pacific region.
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Dreier Victims to Get Up to 13% on $357 Million
Victims of Marc Dreier’s Ponzi scheme stand to recover about 5 percent to 13 percent on $357 million in claims under a liquidating Chapter 11 plan, according to disclosure materials approved by a bankruptcy judge in New York.
Dreier, who headed a 250-lawyer New York law firm bearing his name, sold notes to investors purportedly on behalf of a prominent real estate owner in New York. In fact, he was using money from new investors to pay high rates of interest and return of principal to prior investors.
The scheme blew up when Dreier was arrested in Canada in December 2008 trying to sell phony notes. He went into a liquidating Chapter 7 while his firm ended up in Chapter 11 under the guidance of trustee Sheila M. Gowan.
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