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Paul, Weiss is a firm of more than 900 lawyers with diverse backgrounds, personalities, ideas and interests who provide innovative and effective…
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…
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…
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…
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…
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…
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…
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…
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…
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…
Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 15 May 2023
Restructuring Department Bulletin - May 2023
In the latest issue of the Restructuring Department Bulletin, we highlight the Supreme Court’s unanimous decision holding that Section 363(m) of the…
