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Paul, Weiss, Rifkind, Wharton & Garrison LLP logo
Paul, Weiss is a firm of more than 900 lawyers with diverse backgrounds, personalities, ideas and interests who provide innovative and effective…
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Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 23 May 2023

Golden Gate Private Equity Wins Major Victory in Dispute Stemming From Bronx Real Estate Deal

The lawsuit stems from a 2018 purchase and sale agreement between plaintiff 585 Gerard and two related manufacturing facilities, G.A.L. Manufacturing…
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Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 23 May 2023

Supreme Court Holds That Andy Warhol Foundation’s Licensing of Prince Portrait Is Not Fair Use

On May 18, 2023, the Supreme Court concluded in Andy Warhol Foundation for Visual Arts, Inc. v. Goldsmith that the licensing of an Andy Warhol…
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Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 22 May 2023

DOJ and OFAC Reach Historic Resolutions With British American Tobacco for North Korea Sanctions Violations

On April 25, 2023, the U.S. Department of Justice (“DOJ”) reached a resolution with British American Tobacco (“BAT”) and its subsidiary British…
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Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 22 May 2023

Supreme Court Holds That Internet Companies Did Not “Aid and Abet” ISIS Terrorist Attacks, but Dodges Question Concerning Scope of Section 230 Immunity

On May 18, 2023, the Supreme Court issued rulings in Twitter v. Taamneh and Gonzalez v. Google, a pair of cases that concern the potential liability…
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Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 19 May 2023

Pay Equity Risks and Best Practices

Recent trends in employment discrimination settlements suggest that existing employment practices and evolving pay equity and pay transparency laws…
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Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 17 May 2023

Delaware Court of Chancery Upholds Covenant Not to Sue for Breach of Fiduciary Duty

In New Enterprise Associates 14, L.P. V. Rich, the Delaware Court of Chancery, in an opinion by Vice Chancellor Laster, held that a contractual…
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Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 17 May 2023

Federal Court Limits Section 11 Class Definition by Imposing Strict Share Tracing Requirement

On May 1, 2023, a federal court in California certified an investor class in a Section 11 lawsuit but restricted class membership to investors who…
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Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 16 May 2023

SEC Adopts Amendments to Form PF for Private Equity and Hedge Fund Advisers

On May 3, 2023, the SEC adopted amendments to Form PF (available here) (the “Amendments”)[i] that require: quarterly event reporting…
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Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 15 May 2023

M&A at a Glance (May 2023)

M&A activity was generally down in April, reversing March’s positive signals. U.S. and global total deal values fell 32% and 8%, respectively, while…
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