Foley Adds China Regulatory Co-Leader: Business of LawElizabeth Amon
Foley & Lardner LLP announced that Tad Ferris joined as a partner and co-chairman of the firm’s Greater China regulatory practice in Washington. He was previously a principal on the China team at Holland & Knight LLP.
“Tad will be joining forces with Foley thought leaders in Shanghai and New York as part of our growing China team, building on the firm’s deep experience navigating Chinese regulatory issues and foreign direct investment in China,” Richard Florsheim, co-chairman of the China practice, said in a statement.
Hogan Lovells and Ballard Spahr: Partner Moves Roundup
Privacy and data-protection lawyer Eduardo Ustaran joined Hogan Lovells as a partner in London, where he will lead the European team, part of the global privacy and information-management practice. He was previously at Field Fisher Waterhouse LLP.
Adrian R. King Jr., the first deputy attorney general of Pennsylvania, will rejoin Ballard Spahr LLP June 16 as a partner in the business and finance department. King focuses on general business and corporate law, government relations, regulatory affairs, government contracting and gambling law.
Montgomery McCracken Walker & Rhoads LLP added three attorneys to its maritime and transportation practice group in New York. Eugene J. O’Connor and Timothy Semenoro join as partners from Chalos O’Connor LLP.
Barnes & Thornburg LLP said international trade attorney David Spooner joined its Washington office from Squire Sanders. Before entering private practice, Spooner was the assistant secretary of commerce for import administration, the firm said.
Dickinson Wright PLLC said William J. Kelly joined the Columbus, Ohio, office from Porter Wright Morris & Arthur LLP. Kelly practices corporate and business law, with a concentration in securities law and financial transactions.
Allen & Overy, Orrick, Akin Gump, Drinker: Notable Hires Roundup
Allen & Overy LLP announced that Maura Rezendes joined the global economic sanctions practice as a senior counsel in Washington. She was previously a chief in the U.S. Treasury Department’s Office of Foreign Assets Control Office of Enforcement.
Orrick, Herrington & Sutcliffe LLP said Mitchel C. Pahl, formerly a partner at Duane Morris LLP, joined its compensation and benefits group in New York as senior counsel.
Drinker Biddle & Reath LLP announced that George Webster II joined the firm as of counsel in Los Angeles. He was a partner at the bankruptcy-law boutique Stutman Treister & Glatt, which recently closed.
Akin Gump Strauss Hauer & Feld LLP announced that five additional attorneys and advisers are joining the firm’s health-care policy team from Patton Boggs LLP. They follow the recent hiring of seven attorneys and advisers from Patton Boggs, led by John Jonas.
General Counsel News
Ex-Citigroup Deputy to Lead Silicon Valley Bank Legal Department
Silicon Valley Bank hired former Citigroup Inc. deputy general counsel Michael Zuckert as general counsel.
Zuckert has also served as general counsel for Citi Holdings and general counsel for finance and capital markets.
“Michael is joining our team at a time when the innovation sector we serve is flush with growth and opportunity,” Greg Becker, president and chief executive officer of Silicon Valley Bank, said in a statement.
Dreier Case Professional Fees Total $17.7 Million
Recovering assets to distribute to victims of Marc Dreier’s Ponzi scheme, in which investors lost more than $400 million according to prosecutors, cost $17.7 million in professional fees, if a bankruptcy judge in New York approves the payments.
Dreier, once the head of a 250-lawyer firm bearing his name, masterminded a scheme involving the sale of fake notes, allegedly for a real estate developer. He pleaded guilty in May 2009 to money laundering, conspiracy, securities fraud and wire fraud. He was sentenced to 20 years in prison and ordered to make $387 million in restitution.
Dreier’s firm went into Chapter 11, where Sheila Gowan was appointed trustee. In early May, Gowan got the bankruptcy judge to approve a liquidating plan under which victims of the fraud could expect a recovery of 4.9 percent to 12.6 percent. Gowan is seeking $1.15 million to $2 million in fees.
The trustee’s lawyers from Diamond McCarthy LLP lodged a fee request for $11 million.
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Bloomberg Law Weekend Edition: Best of the Week
Craig Newman, a managing partner at Richards Kibbe & Orbe LLP, discusses the implications of Europe’s highest court ruling that there is a “right to be forgotten” which requires Google Inc. to remove personal information from search results under certain circumstances.
Daniel Davis, labor and employment law counsel at Proskauer Rose LLP, discusses Medtronic Inc., the world’s largest maker of heart-rhythm devices, agreeing to pay $9.9 million to settle federal government claims that the company paid doctors kickbacks to implant its product, claims first raised by a whistle-blower.
Ryan Goodman, professor of law at New York University School of Law and co-editor-in-chief of the civil liberties and national security blog “Just Security,” discusses the Supreme Court’s ruling that a U.S. chemical-weapons law doesn’t cover the case of a Pennsylvania woman who tried to poison her husband’s lover.
They talk with June Grasso and Mark Mills on Bloomberg Radio’s “Bloomberg Law.” This is a Bloomberg podcast. To download, watch or listen to this report now, here.