Recent Press - archive

Sears CDS ‘torpedo’ attempt - Credit event manipulation casts new shadow on instrument

December 12, 2018

Structured Credit Investor
Special Counsel Assia Damianova comments on credit event manipulation in Sears' CDS 'torpedo' attempt.

Related Attorney(s): Assia Damianova
Related Practice(s): Derivatives & Structured Products, Structured Products
Related Office(s): London
read more »


EU Risk-Rule Snafu Unsettles CMBS Market

December 07, 2018

Commercial Mortgage Alert
David Quirolo comments on a revision to the European Union’s risk-retention rules for securitizations that has thrown a curveball at the U.S. commercial MBS market.

Related Attorney(s): David Quirolo
Related Practice(s): Commercial Mortgage-Backed Securities, Securitization & Asset Based Finance
Related Office(s): London
read more »


Evolve the Law Podcast: Steven Lofchie

December 05, 2018

Evolve The Law
In this episode of the Evolve the Law Podcast, Cadwalader's Steven Lofchie and host Ian Connett do a deep dive on Cadwalader Cabinet and how it has evolved into a game-changing platform for lawyers, regulators and thought leaders in the financial regulatory space. Steven also discusses recent experiments with A.I., what fulfills him about practicing law, the increasing importance of moral and strategic decision-making, and why the profession needs more “Renaissance” lawyers to meet current challenges.

Related Attorney(s): Steven Lofchie
Related Practice(s): Bank Regulation, Broker-Dealer Regulation, Commodities & Futures Regulation, Derivatives & Structured Products, Financial Regulation, Investment Management Litigation, Investment Management Regulation & Compliance, OTC Derivatives, Swap Regulation
Related Office(s): New York
read more »


El Chapo Trial: The Accused Drug Lord's History Looming Large in New York Court

November 12, 2018

NBC News
Jodi Avergun comments on the trial of Joaquin “El Chapo” Guzman Loera, which is unfolding under heavy security in Brooklyn federal court.

Related Attorney(s): Jodi Avergun
Related Practice(s): Global Litigation, White Collar Defense and Investigations
Related Office(s): Washington
read more »


LifePoint Board OK with $120 Million Pay Plan Despite Shareholder Rejection

November 03, 2018

Modern Healthcare
LifePoint Health's board of directors is plowing ahead with a $120 million golden parachute plan for four top executives ahead of the company's sale, despite overwhelming opposition from shareholders. David Teigman comments.

Related Attorney(s): David Teigman
Related Office(s): New York
read more »


Trump is Signing the Opioid Bill, Now What?

October 24, 2018

Bloomberg Law
Don’t expect the lawsuits claiming opioid manufacturers are liable for damages from the crisis to go away any time soon, says Jodi Avergun.

Related Attorney(s): Jodi Avergun
Related Practice(s): Global Litigation, Pharmaceutical Regulation and Compliance, White Collar Defense and Investigations
Related Office(s): Washington
read more »


2018 TNT 204-7 LOSS CORPORATIONS CAUGHT IN DISALLOWED INTEREST CROSSFIRE (Section 163 -- Interest; Section 382 -- Limitation on net operating loss carryforwards and certain built-in losses following ownership change) (Doc 2018-41667)

October 22, 2018

Tax Analysts Tax Notes Today
Linda Swartz comments on the ways in which the loss limitation rules apply to business interest deduction carryforwards could wreak havoc on loss corporations following an ownership change.

Related Attorney(s): Linda Swartz
Related Practice(s): Tax
Related Office(s): New York
read more »


Banks Pile Into Fund Financing

October 18, 2018

Private Equity International
Jeremy Cross comments on the rising number of banks that are joining the booming fund finance market as private equity firms raise larger and larger funds and need bigger subscription facilities.

Related Attorney(s): Jeremy Cross
Related Practice(s): Fund Finance, Private Equity
Related Office(s): London
read more »


Franchisors and Others Jump on Whole-Business Securitizations

October 15, 2018

Agenda
Ira Schacter discusses whole-business securitization, a type of asset-backed debt structure that investors consider a safer bet than loaning money to a corporation as a whole.

Related Attorney(s): Ira Schacter
Related Practice(s): Corporate, Corporate Securitization
Related Office(s): New York
read more »


Petrobras Sovereign Immunity Claim Fostered Leniency, Lawyers Say

October 11, 2018

GIR
Jodi Avergun comments on the DOJ’s hesitation to push for tougher terms in Petrobras’s recent $853 million settlement because of the unusual circumstances under which the company entered into the resolution.

Related Attorney(s): Jodi Avergun
Related Practice(s): Global Litigation, White Collar Defense and Investigations
Related Office(s): Washington
read more »


CFTC's Cross-border Clearing Plan Faces Long Haul

September 24, 2018

Risk.net
The markets are already getting excited about the CFTC's plan to help U.S. clients clear foreign swaps on overseas central counterparties (CCPs), but experts warn the champaign may have to stay on ice for a while yet. Nihal Patel comments.

Related Attorney(s): Nihal Patel
Related Practice(s): Commodities & Futures Regulation, Financial Regulation, Swap Regulation
Related Office(s): New York
read more »


Joel Mitnick Discusses Second Round of FTC Meetings Aimed at Exploring Overhaul of U.S. Antitrust Rules

September 21, 2018

Bloomberg Radio
Joel Mitnick discusses the second round of FTC meetings aimed at exploring an overhaul of U.S. antitrust rules as big tech companies reinvent the way American businesses function. The hearing comes just one day after the federal government submitted a fresh attack on the AT&T-Time Warner merger. He speaks with Bloomberg’s June Grasso. (Joel's interview begins at 7:57.)

Related Attorney(s): Joel Mitnick
Related Practice(s): Global Litigation
Related Office(s): New York
read more »


New Commissioner Could Help Clayton's SEC Agenda

September 17, 2018

Law360
Kyle DeYoung comments on the arrival of Commissioner Elad Roisman to fill the U.S. Securities and Exchange Commission’s lone vacancy, which likely bolsters Chairman Jay Clayton’s agenda on certain deregulatory items, experts say, and could provide a critical voice to cryptocurrency matters facing the SEC.

Related Attorney(s): Kyle DeYoung
Related Practice(s): Corporate & Financial Services Litigation & Regulation, Global Litigation
Related Office(s): Washington
read more »


FTC Democrat Urges Rulemaking on Noncompete Agreements

September 10, 2018

Bloomberg Big Law Business
Federal Trade Commissioner Rohit Chopra wants the FTC to write rules defining when noncompete agreements for employees are permissible. Critics say many of these deals violate antitrust laws, but it’s an emerging area with no clear rules from the courts or federal regulators. Joel Mitnick comments.  

Related Attorney(s): Joel Mitnick
Related Office(s): New York
read more »


PRIMER: the Secured Overnight Financing Rate

September 06, 2018

IFLR
Lary Stromfeld comments on the secured overnight financing rate (Sofr), a new lending reference rate established by the Federal Reserve Bank of New York.

Related Attorney(s): Lary Stromfeld
Related Practice(s): Financial Regulation
Related Office(s): New York
read more »


Buyside Not Interested in Libor Contract Repapering

September 06, 2018

IFLR Practice Insight
Assia Damianova comments on the buyside's lack of interest in getting started on the colossal task of transitioning legacy contracts away from the London interbank offered rate (Libor).

Related Attorney(s): Assia Damianova
Related Practice(s): Bank Regulation, Broker-Dealer Regulation, Commodities & Futures Regulation, Derivatives & Structured Products, Financial Regulation
Related Office(s): London
read more »


SEC Administrative Proceedings Resume After Two-month Pause

August 27, 2018

HFM Compliance
Kyle DeYoung comments on the SEC’s recent order lifting the stay on all administrative proceedings it had put in place following the Supreme Court’s Lucia decision in June. The Lucia decision meant SEC administrative law judges must be appointed, not simply hired by commission staff as previously practiced.

Related Attorney(s): Kyle DeYoung
Related Practice(s): Corporate & Financial Services Litigation & Regulation, Global Litigation
Related Office(s): Washington
read more »


People: Mitnick Takes Antitrust Practice from Sidley to Cadwalader

August 23, 2018

FTC Watch
Joel Mitnick, who was global co-leader of Sidley Austin’s antitrust and competition practice, is now a partner in Cadwalader's Antitrust Group.

Related Attorney(s): Joel Mitnick
Related Practice(s): Global Litigation
Related Office(s): New York
read more »


Trump Says He is Likely to Strip DOJ Official's Clearance 'Very Quickly'

August 17, 2018

CNN
Jodi Avergun comments on how the loss of security clearance would affect a DOJ federal prosecutor's ability to do their job.

Related Attorney(s): Jodi Avergun
Related Practice(s): Global Litigation, White Collar Defense and Investigations
Related Office(s): Washington
read more »


Cultivating Compliance

August 08, 2018

HFM Compliance
The term “culture of compliance” has long been a vague part of the financial and regulatory lexicon, and regulators in the United States and the United Kingdom are turning to culture once again with renewed vigor. Dorothy Mehta comments.

Related Attorney(s): Dorothy Mehta
Related Practice(s): Financial Regulation
Related Office(s): New York
read more »


Chasing M&A Dominance, Cadwalader Adds Sidley Austin Antitrust Co-Leader

July 31, 2018

The American lawyer
Cadwalader "is poised to be one of the firms that is going to really be in control of the next M&A cycle,” said new partner Joel Mitnick in New York.

Related Attorney(s): Joel Mitnick
Related Practice(s): Global Litigation
Related Office(s): New York
read more »


AT&T Decision Is Already Impacting Deal Strategy

July 09, 2018

Agenda
The approval of AT&T’s deal with Time Warner is expected to ratchet up M&A after the court ruled against the Department of Justice’s challenge to the vertical merger between the two companies. Stephen Fraidin commments.

Related Attorney(s): Stephen Fraidin
Related Practice(s): Corporate, Merger Clearance
Related Office(s): New York
read more »


The Cadwalader Cabinet, A Machine Learning Research Platform

July 03, 2018

Artificial Lawyer
Steven Lofchie discusses the firm's custom-built legal research and knowledge management platform, the Cadwalader Cabinet.

Related Attorney(s): Steven Lofchie
Related Practice(s): Financial Regulation
Related Office(s): New York
read more »


The Justice Department Demands Firms 'Get Creative' to Obtain Overseas Data

June 28, 2018

Global Investigations Review
Speaking at GIR’s inaugural Women in Investigations conference on 28 June, Jodi Avergun said that the DOJ will demand that companies have exhausted all creative solutions to obtain overseas data before it’s satisfied that the company has cooperated with the investigation.

Related Attorney(s): Jodi Avergun
Related Practice(s): Global Litigation, White Collar Defense and Investigations
Related Office(s): Washington
read more »


SEC Puts ALJ Cases on Hold Following Supreme Court Ruling

June 27, 2018

HFM Compliance
Kyle DeYoung comments on the SEC's decision to put a hold cases to be heard by its administrative law judges following a Supreme Court ruling on June 21 that required the judges be appointed, not simply hired by commission staff as previously practiced.

Related Attorney(s): Kyle DeYoung
Related Practice(s): Corporate & Financial Services Litigation & Regulation, Global Litigation
Related Office(s): Washington
read more »


Supreme Court Says SEC Judges Improperly Appointed

June 21, 2018

Financial Times
Internal judges at the Securities and Exchange Commission have been improperly appointed, the Supreme Court ruled on Thursday in a decision that creates uncertainty about the use of suchjudges across the federal government. Kyle DeYoung comments.

Related Attorney(s): Kyle DeYoung
Related Practice(s): Corporate & Financial Services Litigation & Regulation, Global Litigation
Related Office(s): Washington
read more »


Regulators Become Cadwalader Clients as Tech Investment Begins to Pay Off

June 18, 2018

The American Lawyer
Steven Lofchie discusses how the Cadwalader Cabinet, the firm's subscription service aimed at financial regulatory lawyers, is a proactive approach to advising clients. "Instead of being client reactive, we're trying to initiate products that we know will help clients." Click here to read "Regulators Become Cadwalader Clients as Tech Investment Begins to Pay Off" in The American Lawyer. (Note: A Lexis-Nexis subscription is required.)

Related Attorney(s): Steven Lofchie
Related Practice(s): Bank Regulation, Broker-Dealer Regulation, Corporate & Financial Services Litigation & Regulation, Financial Regulation, Global Litigation
Related Office(s): New York
read more »


Jodi Avergun Comments on Inspector General Horowitz, IG Report on the Clinton Email Investigation

June 13, 2018

The American Lawyer
Jodi Avergun comments on Inspector General Michael Horowitz and the IG report on the Clinton email investigation.

Related Attorney(s): Jodi Avergun
Related Practice(s): Global Litigation, White Collar Defense and Investigations
Related Office(s): Washington
read more »


Cadwalader Steers Apparel Co.'s Board Toward Gender Equity

June 06, 2018

Law360
A Destination Maternity Corporation investor was frustrated with the direction of the flagging apparel company when he tapped Cadwalader partners Richard Brand and Braden McCurrach to help craft a campaign to put more women on the company's male-dominated board.

Related Attorney(s): Richard Brand, Braden McCurrach
Related Practice(s): Corporate, Corporate Governance
Related Office(s): New York
read more »


Skadden Counsel Heads to Cadwalader

May 24, 2018

Global Arbitration Review
Melis Acuner, a former counsel at Skadden, Arps, Slate, Meagher & Flom, who successfully represented two UAE energy companies in a dispute with the Iraqi regional government of Kurdistan, has moved to Cadwalader, Wickersham & Taft to build its practice in London.

Related Attorney(s): Melis Acuner
Related Practice(s): Global Litigation, International Dispute Resolution
Related Office(s): London
read more »


Brexit Seen as UK ILS Deterrent for Some Sponsors

May 11, 2018

Artemis
Special counsel Robert Cannon shares his thoughts on Brexit and its impact on use by rEU sponsors of the UK ILS regime.

Related Attorney(s): Robert Cannon
Related Practice(s): Insurance-Linked Securities
Related Office(s): London
read more »


Widespread Risk Retention Sell-off Unlikely

May 04, 2018

Structured Credit Investor
After the recent repeal of risk retention for open-market CLO managers in the U.S., a widespread sell-off of risk retention capital is thought to be unlikely as managers will still keep some skin in the game. Furthermore, while there is agreement that the repeal has lowered barriers to entry, opinion is divided as to whether it will lead to an influx of new CLO managers. David Quirolo comments.

Related Attorney(s): David Quirolo
Related Practice(s): CLOs, Securitization & Asset Based Finance
Related Office(s): London
read more »


Speedy Approvals a Must for UK Insurance-linked Securities Regime

April 24, 2018

SNL European Financials Daily
The U.K.'s bid to grab part of the $88 billion market in insurance-linked securities may be in jeopardy unless British regulators speed up their approval of reinsurance entities, experts say. But while Bermuda may be the market leader in terms of speed of setup, the U.K. regime has certain useful features that will make it more competitive over time. Robert Cannon comments.

Related Attorney(s): Robert Cannon
Related Practice(s): Insurance-Linked Securities, Securitization & Asset Based Finance
Related Office(s): London
read more »


5 Takeaways As DEA Mulls Slashing Opioid Output

April 19, 2018

Law360
Jodi Avergun comments on the U.S. Drug Enforcement Administration’s plan to examine the extent to which prescription opioids are diverted for illicit purposes when setting limits on manufacturing.

Related Attorney(s): Jodi Avergun
Related Practice(s): Global Litigation, Pharmaceutical Regulation and Compliance, White Collar Defense and Investigations
Related Office(s): Washington
read more »


The Health 202: Why Cleveland is on the Front Lines of Legal Battle Against Opioid Makers

April 09, 2018

The Washington Post
Jodi Avergun comments on the battle between the drug industry and communities scourged by mounting overdoses and deaths from opioid abuse.

Related Attorney(s): Jodi Avergun
Related Practice(s): Global Litigation, Pharmaceutical Regulation and Compliance, White Collar Defense and Investigations
Related Office(s): Washington
read more »


4 Ways #MeToo Is Affecting Executive

April 09, 2018

Law360
The #MeToo movement that has made headlines and spelled professional downfall for many powerful men accused of sexual misconduct in the workplace is also prompting companies to take a fresh look at their approach to executive compensation. David Teigman comments.

Related Attorney(s): David Teigman
Related Practice(s): Executive Compensation & Benefits
Related Office(s): New York
read more »


Delaware Rundown: What You Missed In Q1

April 05, 2018

Law360
The Delaware judiciary over the first three months of 2018 slashed deal prices in a series of stock appraisal cases and took a stand against improperly restrictive director nominating and eligibility bylaws. Nathan Bull comments.

Related Attorney(s): Nathan Bull
Related Practice(s): Global Litigation, M&A Litigation, Mergers & Acquisitions
Related Office(s): New York
read more »


Bonds to the Rescue

April 04, 2018

International Financing Review
Matthew Feig comments on the catastrophe bond markets and sovereign issuers.

Related Attorney(s): Matthew Feig
Related Practice(s): Insurance Products, Insurance-Linked Securities
Related Office(s): New York
read more »


CLO Managers Bank on No Appeal to Dodd-Frank Exemption

March 26, 2018

Investing.com
Collateralized Loan Obligation (CLO) funds are already being issued that do not comply with Dodd-Frank risk-retention rules, as managers bet that regulators will not appeal a February court decision. Neil Weidner comments.

Related Attorney(s): Neil Weidner
Related Practice(s): CLOs, Securitization & Asset Based Finance
Related Office(s): New York
read more »


FINRA Rule 4210: Managers Beware of Margin Calls

March 20, 2018

FinOps Report
Nihal Patel comments on the Financial Industry Regulatory Authority's new Rule 4210, which becomes effective in less than 100 days.

Related Attorney(s): Nihal Patel
Related Practice(s): Broker-Dealer Regulation, Financial Regulation
Related Office(s): New York
read more »


Facebook Shares Tumble as Regulatory Pressure Intensifies

March 19, 2018

Financial Times
Kyle DeYoung comments on the regulatory scrutiny Facebook is facing after claims that an analytics firm used by Donald Trump’s presidential campaign improperly received data about 50 million users of the social network.

Related Attorney(s): Kyle DeYoung
Related Practice(s): Corporate & Financial Services Litigation & Regulation, Global Litigation, White Collar Defense and Investigations
Related Office(s): Washington
read more »


Vegas ABS Bash Draws 7,000 as Market Enjoys Boom Times

February 28, 2018

Global Capital Euroweek
Risk retention prompted a good deal of conversation among attendees at the Structured Finance Industry Group’s “SFIG Vegas 2018” event (February 25-28). The talk this year centered not on the impact of the rule's implementation, but on its likely rollback in the CLO market and whether this will have wider ramifications for other securitization asset classes. Gregg Jubin comments.

Related Attorney(s): Gregg Jubin
Related Practice(s): Securitization & Asset Based Finance
Related Office(s): Washington
read more »


The Health 202: States are Going After Opioid Makers

February 26, 2018

The Washington Post
Jodi Avergun comments on the possibility of opioid makers being held responsible for the abuse of their products.

Related Attorney(s): Jodi Avergun
Related Practice(s): Global Litigation, Pharmaceutical Regulation and Compliance, White Collar Defense and Investigations
Related Office(s): Washington
read more »


A South Texas County Drags PBMs into Nationwide Lawsuit Over Opioids

February 26, 2018

STAT News
Jodi Avergun comments on a case in Webb County, Texas, that names pharmacy benefit managers (PBMs) as defendants in a municipal opioid lawsuit.

Related Attorney(s): Jodi Avergun
Related Practice(s): Global Litigation, Pharmaceutical Regulation and Compliance, White Collar Defense and Investigations
Related Office(s): Washington
read more »


Tesla Pay Plan Offers Big Vision: Experts

February 12, 2018

Agenda/Financial Times
David Teigman comments on Tesla CEO Elon Musk’s aggressive 10-year performance plan announced by the board in January. Pending the plan’s approval, Musk could be entitled to a total of $55 billion over 10 years.

Related Attorney(s): David Teigman
Related Practice(s): Executive Compensation & Benefits
Related Office(s): New York
read more »


Investors Demand Change When They Don't Like What They See

February 10, 2018

Modern Healthcare
Richard Brand comments on the interaction between shareholder activists and board members.

Related Attorney(s): Richard Brand
Related Practice(s): Corporate, Corporate Governance
Related Office(s): New York
read more »


Tightening CLO Spreads to Drive Further Refis and Resets; Document Restrictions and Brexit May Prompt Managers to Opt for Reissuance

February 01, 2018

CapitalStructure
David Quirolo comments on European CLO spreads.

Related Attorney(s): David Quirolo
Related Practice(s): CLOs, Securitization & Asset Based Finance
Related Office(s): London
read more »


Unclear Future for Russian Issuance as US Sanctions Talk Returns

February 01, 2018

GlobalCapital
James Treanor comments on the recent publication of a U.S. Treasury Department list that is expected to precede new sanctions on Russian business.

Related Attorney(s): James Treanor
Related Practice(s): Anti-Money Laundering Investigations and Compliance, Economic Sanctions, Global Litigation, Securities Enforcement and Compliance, Securitization & Asset Based Finance, White Collar Defense and Investigations
Related Office(s): Washington
read more »


Cadwalader Still Dominates Small Field of CMBS Legal Advisors

January 26, 2018

Commercial Mortgage Alert
Cadwalader topped the list of legal advisors to U.S. issuers and underwriters of commercial MBS again last year. In a year marked by the introduction of new risk-retention rules, the annual deal count for 2017 jumped by 18 percent to 157. Cadwalader landed the more-coveted role as issuer counsel on 104 of those offerings, up from 89 the previous year, according to Commercial Mortgage Alert’s CMBS database.

Related Attorney(s): Michael Gambro, Stuart Goldstein
Related Practice(s): CLOs, Commercial Mortgage-Backed Securities, Securitization & Asset Based Finance
Related Office(s): Charlotte, New York
read more »


Law Firms Band Together to Feed Hungry New Yorkers

January 22, 2018

New York Law Journal
Lary Stromfeld, founder of Justice Served, discusses the annual campaign aimed at ending hunger in New York City. Seventeen major law firms and corporate legal departments are supporting the six-week campaign that begins Feb. 5.

Related Attorney(s): Lary Stromfeld
Related Page(s): Pro Bono Projects, Pro Bono and Public Service
Related Office(s): New York
read more »


DOJ Policies And Trends To Watch In 2018

January 01, 2018

Law360
Jodi Avergun comments on potential shifts in the U.S. Department of Justice’s policies and practices in the corporate criminal enforcement space in 2018.

Related Attorney(s): Jodi Avergun
Related Practice(s): Global Litigation, White Collar Defense and Investigations
Related Office(s): Washington
read more »


Riding the Refinancing Wave

December 14, 2017

Structured Credit Investor
Michael Gambro comments on the CMBS market, single-asset/single-borrower (SASB) transactions and the risk retention rules.

Related Attorney(s): Michael Gambro
Related Practice(s): Commercial Mortgage-Backed Securities, Securitization & Asset Based Finance
Related Office(s): New York
read more »


New Investment Era Embedded

December 08, 2017

SCI (Structured Credit Investor)
It has been a banner year for US CLOs, with new issue volumes already topping $100 billion, plus resets and refinancings accounting for a further $140 billion. Neil Weidner comments on the implementation and affect of risk retention requirements.

Related Attorney(s): Neil Weidner
Related Practice(s): CLOs, Derivatives & Structured Products, Structured Products
Related Office(s): New York
read more »


Icap European Sef Faces Axe as US, EU Reach Equivalence Deal

December 07, 2017

Risk
Nihal Patel comments on mutual recognition of trading venues by European Union and US regulators, agreed on December 5, which could spell the end for TP Icap’s dual-registered swap execution facility in Europe.

Related Attorney(s): Nihal Patel
Related Practice(s): Derivatives & Structured Products, Financial Regulation, OTC Derivatives, Swap Regulation
Related Office(s): New York
read more »


CFTC Enforcement Head on Criticism of Self-reporting Policy

December 07, 2017

IFLR
Kyle DeYoung comments on the CFTC's new take on enforcement, specifically self-reporting and cooperation.

Related Attorney(s): Kyle DeYoung
Related Practice(s): Corporate & Financial Services Litigation & Regulation, Global Litigation
Related Office(s): Washington
read more »


High-Multiple CEO Stock Requirements Rise

December 04, 2017

Agenda/Financial Times
The median CEO stock-ownership requirement for the S&P 500 has risen from five times annual salary in 2013 to six times annual salary today, according to ISS. David Teigman comments on CEO stock-ownership policies.

Related Attorney(s): David Teigman
Related Practice(s): Executive Compensation & Benefits
Related Office(s): New York
read more »


Broken Windows, Admissions and Stale Conduct: The State of Enforcement at the SEC

November 15, 2017

The Anti-Corruption Report
Kyle DeYoung discusses recent comments by top SEC enforcement officials that point to a potential shift away from previous approaches, such as “broken windows” and requiring admissions in certain cases.

Related Attorney(s): Kyle DeYoung
Related Practice(s): Corporate & Financial Services Litigation & Regulation, FCPA Enforcement and Compliance, White Collar Defense and Investigations
Related Office(s): Washington
read more »


GOP Tax Plan Kills Performance-Based Pay Deduction

November 13, 2017

Agenda
The House Ways and Means Committee scrapped plans Thursday that would have made sweeping changes to the tax treatment of deferred compensation in the new GOP tax reform plan. The new bill is scheduled to go to a vote on the House floor this week. David Teigman comments.

Related Attorney(s): David Teigman
Related Office(s): New York
read more »


Market Mulls Trade-offs From PRA on London ILS

November 10, 2017

Trading Risk
Robert Cannon comments on Prudential Regulation Authority (PRA)'s guidelines on the London ILS framework.

Related Attorney(s): Robert Cannon
Related Practice(s): CLOs, Securitization & Asset Based Finance
Related Office(s): London
read more »


Clawback Measure's Impact On Corruption Cases Debated

November 09, 2017

New York Law Journal
Todd Blanche comments on New York's Proposal 2, overwhelmingly approved by voters, which gives judges the power to claw back pension benefits from public officials convicted of feloniously misusing the powers of their offices.

Related Attorney(s): Todd Blanche
Related Practice(s): Global Litigation, White Collar Defense and Investigations
Related Office(s): New York
read more »


SEC to Dial Back Sweep Exams, Trim Enforcement Squad

November 06, 2017

Ignites
Kyle DeYoung comments on recent comments by SEC officials indicating that the agency is likely to bring fewer cases focused on minor infractions as head count in the enforcement division shrinks.

Related Attorney(s): Kyle DeYoung
Related Practice(s): Corporate & Financial Services Litigation & Regulation, Global Litigation
Related Office(s): Washington
read more »


Quincy Plans to Sue Big Drug Makers Over Opioid Crisis

November 01, 2017

The Boston Globe
Jodi Avergun comments on the city of Quincy's plan to become the first city in Massachusetts to sue the pharmaceutical industry for allegedly downplaying the dangers of opioids and flooding the market with addictive and deadly painkillers.

Related Attorney(s): Jodi Avergun
Related Practice(s): Pharmaceutical Regulation and Compliance, White Collar Defense and Investigations
Related Office(s): Washington
read more »


Jodi Avergun Featured on PBS Report on U.S. Opioid Crisis

October 18, 2017

PBS NewsHour Weekend
White Collar Defense & Investigations leader Jodi Avergun was a featured commentator last week in a PBS NewsHour Weekend special report on the U.S. opioid crisis.

Related Attorney(s): Jodi Avergun
Related Practice(s): Global Litigation, Pharmaceutical Regulation and Compliance
Related Office(s): Washington
read more »


Cadwalader Among Firms Working on Largest CMBS Loans

July 28, 2017

Law360
The first half of 2017 saw five commercial mortgage-backed securities loans north of $1 billion and a small group of law firms, including Cadwalader, working on the largest deals.

Related Attorney(s): William McInerney, Susan Vuernick, Bonnie Neuman, Jamie Rothman
Related Practice(s): Real Estate
Related Office(s): New York
read more »


Managing Partner Pat Quinn Talks with Forbes: On Values, Culture and Reassessing Strategy in a Centuries-old Law Firm

July 24, 2017

Forbes
Cadwalader’s Managing Partner Pat Quinn discusses the firm’s strategic focus, compensation model, collaboration within the firm, and the future of the legal market, among other things, in a forbes.com interview.

Related Attorney(s): Patrick Quinn
read more »


Trump Set to Axe US Anti-tax Avoidance Measures

July 18, 2017

Transfer Pricing (TP) Week
Linda Swartz comments on President Trump’s plans to revoke Obama-era anti-tax avoidance measures including earnings stripping rules, which could cause an upsurge of inversions.

Related Attorney(s): Linda Swartz
Related Practice(s): Tax
Related Office(s): New York
read more »


Jodi Avergun Shares Thoughts with CNN on Chris Wray’s Nomination as FBI Director

July 12, 2017

CNN
Cadwalader White Collar Defense and Investigations Group chair Jodi Avergun offers her take on former federal prosecutor Chris Wray, Donald Trump's nominee for FBI director. Avergun previously worked with Wray during President George W. Bush's administration.

Related Attorney(s): Jodi Avergun
Related Practice(s): National Security, White Collar Defense and Investigations
read more »


Jodi Avergun Discusses the US’s Opioid Epidemic on Bloomberg Radio

July 07, 2017

Bloomberg Law Show
Cadwalader White Collar Defense and Investigations Group chair Jodi Avergun was a guest on the Bloomberg Law Show on Bloomberg Radio and discussed the increasing number of lawsuits drugmakers and distributors are facing in the wake of the US’s opioid epidemic. Avergun was joined on the program by Dr. Richard Ausness, a professor at the University of Kentucky School of Law.

Related Attorney(s): Jodi Avergun
Related Practice(s): White Collar Defense and Investigations
Related Office(s): Washington
read more »


Citigroup Trader Non-Prosecution Pact Signals New CFTC Tactic

June 30, 2017

Bloomberg BNA
Jodi Avergun comments on the Commodity Futures Trading Commission's first-ever non-prosecution agreements.

Related Attorney(s): Jodi Avergun
Related Practice(s): Derivatives & Structured Products, Global Litigation, White Collar Defense and Investigations
Related Office(s): Washington
read more »


Will the Supreme Court Ruling Affect FCPA Pilot Programme Disgorgement?

June 23, 2017

Global Investigations Review
When the Supreme Court issued its ruling on the U.S. Securities and Exchange Commission’s use of disgorgement earlier in June, the effect on the agency’s enforcement of the Foreign Corrupt Practices Act was immediately apparent. Jodi Avergun comments.

Related Attorney(s): Jodi Avergun
Related Practice(s): White Collar Defense and Investigations
Related Office(s): Washington
read more »


Greek NPL Securitisation May Be a One-off, But Outlook for European NPL ABS Remains Optimistic

June 21, 2017

CapitalStructure
Stephen Day comments on the potential use of securitisation for the relief of European banks’ balance sheets from troubled loans.

Related Attorney(s): Stephen Day
Related Practice(s): Distressed Municipal Finance, Distressed Structured Products, Securitization & Asset Based Finance
Related Office(s): London
read more »


Giancarlo Set to Defend CFTC Budget Request at Odds With Trump

June 07, 2017

Bloomberg BNA
Acting CFTC Chairman J. Christopher Giancarlo will ask lawmakers on June 8 to give the agency $281.5 million to operate for another year — a request that puts him at odds with the White House that recently nominated him to the position permanently. Steven Lofchie comments.

Related Attorney(s): Steven Lofchie
Related Practice(s): Commodities & Futures Regulation
Related Office(s): New York
read more »


Three Questions on Fund Finance

June 06, 2017

Private Equity International
Mike Mascia comments on how general partners typically document the use of fund finance with their limited partners.

Related Attorney(s): Michael Mascia
Related Practice(s): Financial Regulation
Related Office(s): Charlotte
read more »


U.S. State, Local Government Lawsuits Over Opioids Face Uphill Battle

June 02, 2017

Reuters
A growing number of U.S. states, counties and cities are filing lawsuits accusing drug companies of deceptively marketing opioid painkillers to downplay their addictiveness, but some lawyers say the industry's highly regulated nature could pose a hurdle to their success. Jodi Avergun comments on the "fundamental weakness" of the lawsuits.

Related Attorney(s): Jodi Avergun
Related Practice(s): Global Litigation, White Collar Defense and Investigations
Related Office(s): Washington
read more »


Compliance Officers: Uniform CFTC and SEC Rules?

June 02, 2017

FinOps Report
Nihal Patel discusses the Commodity Futures Trading Commission's attempt to harmonize the rules for CCOs with those of the Securities and Exchange Commission.

Related Attorney(s): Nihal Patel
Related Practice(s): Broker-Dealer Regulation, Commodities & Futures Regulation, Financial Regulation
Related Office(s): New York
read more »


All Eyes on Brussels as Policymakers Tackle Final STS Hurdles

May 26, 2017

CapitalStructure
The European Commission and the EU Council stand a good chance of reaching some agreement with MEPs at the seventh Trialogue meeting on securitisation regulation, scheduled for 30 May, sources said. On Tuesday they will hammer out final details of the Simple Transparent Securitisation (STS) package at a gathering where it is hoped that a final decision on risk retention levels and CRR hierarchy will be reached. David Quirolo discusses some of the challeges.

Related Attorney(s): David Quirolo
Related Practice(s): CLOs, Securitization & Asset Based Finance
Related Office(s): London
read more »


Best Practices for Hedge Fund Managers Conducting Cybersecurity Due Diligence on Their Service Providers

May 25, 2017

Hedge Fund & Legal Compliance Digest
In a two-part series, "Best Practices for Hedge Fund Managers Conducting Cybersecurity Due Diligence on Their Service Providers," Hedge Fund & Legal Compliance Digest reviews the most important reasons hedge fund managers should conduct cyber due diligence on third-party service providers, and how hedge fund managers can effectively identify and assess the risks third parties pose to their systems and networks. Dorothy Mehta and Joe Facciponti contributed their thoughts.

Related Attorney(s): Dorothy Mehta
Related Practice(s): Cybersecurity and Data Privacy, Financial Regulation, White Collar Defense and Investigations
Related Office(s): New York
read more »


Hidden Complexities Cloud Landmark EU Derivatives Reform

May 04, 2017

Law360
European regulators aim to reform the bloc’s over-the-counter derivatives market, a move lawyers say promises, on the surface, to lessen burdens on smaller firms, corporates and pension funds, but could also lead to a market fragmentation. Assia Damianova discussed the issue with Law360.

Related Attorney(s): Assia Damianova
Related Practice(s): Derivatives & Structured Products, OTC Derivatives
Related Office(s): London
read more »


A Breakdown of Trump’s Tax Reform Plan

April 27, 2017

TPWeek
Linda Swartz comments on President Trump's tax reform plan.

Related Attorney(s): Linda Swartz
Related Practice(s): Tax
Related Office(s): New York
read more »


Del. Trust Again Argues It's Due Larger Share Of EFH Pie

April 26, 2017

Law360
Mark Ellenberg comments on the clash between the first-lien lenders of Energy Future Holdings Corp and the Delaware Trust Co. 

Related Attorney(s): Mark Ellenberg
Related Practice(s): Bankruptcy Litigation, Financial Restructuring
Related Office(s): Washington
read more »


ILS Managers to Face Increased Costs Post-Brexit

April 13, 2017

Trading Risk
Robert Cannon discusses how European ILS managers may have to contend with extra compliance costs following the UK's departure from the EU.

Related Attorney(s): Robert Cannon
Related Practice(s): Insurance-Linked Securities, Securitization & Asset Based Finance
Related Office(s): London
read more »


5 Reasons EU Securitization Laws Have Hit A Wall

March 14, 2017

Law360
Nick Shiren discusses Europe’s moribund asset-backed securities market and what it will take to reignite it.

Related Attorney(s): Nick Shiren
Related Practice(s): Securitization & Asset Based Finance
Related Office(s): London
read more »


Charlotte’s U.S. Attorney Survived the Weekend Dismissals, but...

March 13, 2017

The Charlotte Observer
Anne Tompkins discusses the Trump Administration's dismissal of 46 U.S. attorneys. 

Related Attorney(s): Anne Tompkins
Related Practice(s): Global Litigation
Related Office(s): Charlotte
read more »


Spring 2017 Budget: Leading Tax Practitioners Tell Us What They Think

March 10, 2017

Thompson Reuters Practical Law
Adam Blakemore discusses the UK's Spring 2017 Budget from a tax perspective.

Related Attorney(s): Adam Blakemore
Related Practice(s): Tax
Related Office(s): London
read more »


Goldman Sachs Lawyer On Joining Cadwalader Immigration Clinic

March 09, 2017

Bloomberg Law
Osvaldo Garcia, founder and director of the Cadwalader Black & Latino Association Immigration Clinic, discusses the firm's innovative pro bono joint effort with Goldman Sachs aimed at helping eligible undocumented immigrants apply for lawful permanent residency in the United States.

Related Attorney(s): Osvaldo Garcia
Related Page(s): Pro Bono Projects, Pro Bono and Public Service
Related Office(s): New York
read more »


Why Did US Authorities Raid Caterpillar’s Facilities?

March 07, 2017

TP Week (Transfer Pricing Week)
Linda Swartz comments on a raid on three of Caterpillar’s facilities last week by U.S. federal agents.

Related Attorney(s): Linda Swartz
Related Practice(s): Tax
Related Office(s): New York
read more »


Future of MJ + Cannabis Investing Under Trump: Q&A with Former DEA Official Jodi Avergun

February 07, 2017

Marijuana Business Daily
Jodi Avergun discusses what the legal cannabis industry can expect from the Donald Trump Administration and the DEA under the guidance of a new attorney general.

Related Attorney(s): Jodi Avergun
Related Practice(s): Anti-Money Laundering Investigations and Compliance, White Collar Defense and Investigations
Related Office(s): Washington
read more »


Ford Sets New Template for Rule-Compliant ABS

January 18, 2017

Reuters
Chris Gavin comments on Ford Motor Credit selling the first ever public bond to fully comply with the post-crisis regulations that came into effect late last year. The rules aim to better align the interests of bond sellers and buyers, while putting more information in the public domain about the quality of loans backing such deals.

Related Attorney(s): Chris Gavin
Related Practice(s): Auto Securitization, Securitization & Asset Based Finance
Related Office(s): New York
read more »


If You Thought 5% Risk Retention Was Bad, Try 10% On For Size

December 19, 2016

Creditflux
David Quirolo comments on the European Parliament's recent vote to increase risk retention requirements to 10%.

Related Attorney(s): David Quirolo
Related Practice(s): CLOs, Securitization & Asset Based Finance
Related Office(s): London
read more »


Predictions 2017

December 15, 2016

IFLR
Andrew Alin, Chris Gavin and Scott Cammarn comment in IFLR about key trends that could impact the global business and financial community in 2017.

Related Attorney(s): Andrew Alin, Scott Cammarn, Chris Gavin
Related Practice(s): Bank Regulation, Corporate, Financial Regulation, Mergers & Acquisitions
Related Office(s): Charlotte, New York
read more »


Complexity of ILS Structures Can Create Barrier to Entry

December 09, 2016

Artemis
Matthew Feig discusses a Standard & Poor’s report that concerns the ability and willingness of catastrophe bonds at paying claims.

Related Attorney(s): Matthew Feig
Related Practice(s): Insurance-Linked Securities, Securitization & Asset Based Finance
Related Office(s): New York
read more »


CLOs Look to Trilogue to Defend Against EU Parliament Amendments

December 08, 2016

Bloomberg
David Quirolo discusses how the proposed changes to EU regulations may effect Europe’s CLO market.

Related Attorney(s): David Quirolo
Related Practice(s): CLOs, Securitization & Asset Based Finance
Related Office(s): London
read more »


Best Practices for Addressing and Mitigating Problems Outlined in Deficiency Letters

December 08, 2016

Hedge Fund Legal & Compliance Digest
A vast majority of the SEC’s hedge fund manager examinations result in the issuance of a deficiency letter. Dorothy Mehta discusses how managers can address and mitigate issues outlined in those letters.

Related Attorney(s): Dorothy Mehta
Related Practice(s): Investment Management Regulation & Compliance
Related Office(s): New York
read more »


European Parliament Sticks With Higher ABS Retention Proposals

November 23, 2016

Bloomberg
David Quirolo comments on the European Parliament’s ECON Committee proposal to hike risk-retention levels for securitizations.

Related Attorney(s): David Quirolo
Related Practice(s): Securitization & Asset Based Finance
Related Office(s): London
read more »


CWD: Study Trump’s Appointments

November 15, 2016

IFLR
Scott Cammarn and Anthony Mansfield shed light on Donald Trump's financial deregulation aims through the lens of his appointments.

Related Attorney(s): Scott Cammarn
Related Practice(s): Financial Regulation
Related Office(s): Charlotte, Washington
read more »


Will Trump Repeal Dodd-Frank?

November 11, 2016

IFLR
Scott Cammarn and Steven Lofchie comment on President-elect Donald Trump and Dodd-Frank.

Related Attorney(s): Scott Cammarn, Steven Lofchie
Related Practice(s): Financial Regulation
Related Office(s): Charlotte, New York
read more »


4 Things To Know About The Latest IRS Real Estate Regs

October 17, 2016

Law360
Richard Nugent comments on how the latest IRS real estate regulations, which keep REITs exempt from the new rules, are "favorable to the real estate community."

Related Practice(s): Real Estate, Tax
Related Office(s): New York
read more »


Uncleared Swap Deals: Clarity Is Work in Progress

September 30, 2016

FinOps Report
Nihal Patel comments on the challenges faced when margining uncleared swap transactions.

Related Attorney(s): Nihal Patel
Related Practice(s): Financial Regulation, Swap Regulation
Related Office(s): New York
read more »


Some Lawyers Fear New Regulation Will Disrupt Deal Pipeline

August 23, 2016

New York Law Journal
Mike Gambro comments on the new credit risk retention rule implemented under a multiagency umbrella that requires sponsors of CMBS deals to hold five percent of the risk associated with the deal.

Related Attorney(s): Michael Gambro
Related Practice(s): Commercial Mortgage-Backed Securities, Securitization & Asset Based Finance
Related Office(s): New York
read more »


ECON STS Amendments Show Ongoing MEP Support for 20% Retention

August 10, 2016

Leveraged Commentary & Data
David Quirolo comments on the European Parliament’s Committee on Economic and Monetary Affairs (ECON)'s recently published additional draft of the proposed simple, transparent, and standardised (STS) securitization regulation. The amendments reveal conflicting opinion among MEPs that needs to be resolved before the ECON can publish its final report.

Related Attorney(s): David Quirolo
Related Practice(s): Financial Regulation, Securitization & Asset Based Finance
Related Office(s): London
read more »


Size Does Matter: Wellen Explains New Hot Dog Stand Regs.

July 21, 2016

Tax Notes Today
Richard Nugent comments on Robert Wellen's recent explanation of the thinking behind the new so-called hot dog stand regs addressing the active trade or business, device, and business purpose requirements for tax-free spinoffs and the new safe harbor for taxpayers seeking to unwind a recapitalization into control. Wellen is IRS associate chief counsel (corporate).

Related Practice(s): Mergers & Acquisitions, Mergers & Acquisitions Taxation
Related Office(s): New York
read more »


Guidelines Placed on Control Workarounds for Spinoffs

July 18, 2016

Tax Notes Today
Richard Nugent comments on recent IRS guidance creating safe harbors for corporations that want to engage in tax-free spinoffs but have trouble satisfying the control requirement, providing that a recapitalization into control by way of a dual voting structure can be unwound two years after the spinoff without threatening the tax-free nature of the spin.

Related Practice(s): Mergers & Acquisitions, Mergers & Acquisitions Taxation
Related Office(s): New York
read more »


ABS Industry Warns Proposed Regulations Could Hit SME Lending

June 15, 2016

Reuters
David Quirolo comments on proposed securitisation rules that could undermine Europe's goal to spur lending to small- and medium-sized companies.

Related Attorney(s): David Quirolo
Related Practice(s): CLOs, Securitization & Asset Based Finance
Related Office(s): London
read more »


MEP Drops Bombshell with Proposal to Take Risk Retention up to 20%

June 08, 2016

Creditflux
David Quirolo comments on a proposal made by a member of the European Parliament that would increase the CLO risk-retention requirement from 5 percent to 20 percent.

Related Attorney(s): David Quirolo
Related Practice(s): CLOs, Securitization & Asset Based Finance
Related Office(s): London
read more »


REFILE-ECB Corporate Bond Buying Ignores Default Risk

June 08, 2016

Reuters
Richard Nevins comments on the European Central Bank's buying of corporate bonds in a move to spur the economy - and the unprecedented conflict involved should the bank end up holding large stakes in the debt of companies that need to restructure.

Related Attorney(s): Richard Nevins
Related Practice(s): Bankruptcy Litigation, Financial Restructuring
Related Office(s): London
read more »


IRS Shuts Down Remaining Channels for REIT Spinoffs

June 07, 2016

The Wall Street Journal
Richard Nugent comments in The Wall Street Journal on new Treasury regulations that further limit the ability of corporations to form REITs by requiring companies to recognize built-in gain in certain assets transferred to a REIT within 10 years of a spinoff.  The new regulations broaden the December 2015 PATH Act, which imposed significant restrictions on many REIT spinoffs.

Related Practice(s): Real Estate, Real Estate Restructuring
Related Office(s): New York
read more »


CFTC Adopts Uncleared Cross-Border Swap Margin Rule

May 31, 2016

IFLR
Nihal Patel comments on the long-awaited final rule by the Commodity Futures Trading Commission concerning the application of its uncleared swap margin requirements in cross-border transactions.

Related Attorney(s): Nihal Patel
Related Practice(s): Commodities & Futures Regulation
Related Office(s): New York
read more »


A Closer Look At The Proxy Case Everyone’s Talking About

May 27, 2016

Law360
Richard Brand discusses the May 20 Texas federal court decision siding with Maryland-incorporated real estate investment trust Ashford Hospitality Prime Inc.’s decision to refuse to approve activist hedge fund Sessa Capital LP’s board nominees, effectively ending a proxy contest.

Related Attorney(s): Richard Brand
Related Practice(s): Corporate, Corporate Governance
Related Office(s): New York
read more »


How Hedge Fund Managers Can Prepare for SEC Remote Examinations

May 19, 2016

Hedge Fund Law Report
Dorothy Mehta comments on how hedge fund managers should approach Office of Compliance Inspections and Enforcement (OCIE) remote examinations.

Related Attorney(s): Dorothy Mehta
Related Practice(s): Financial Regulation, Investment Management Regulation & Compliance
Related Office(s): New York
read more »


What Marketplace Lenders Can Learn from CLOs

May 17, 2016

Asset Securitization Report
Joseph Beach comments on the distinctions between securitizations of marketplace loans and CLOs.

Related Attorney(s): Joseph Beach
Related Practice(s): CLOs, Marketplace Lending and FinTech
Related Office(s): Charlotte
read more »


What's Behind Rising Federal Scrutiny of Mergers?

May 02, 2016

Marketplace
Richard Brand comments on why regulators are taking a tough stance on megamergers lately.

Related Attorney(s): Richard Brand
Related Practice(s): Corporate, Mergers & Acquisitions
Related Office(s): New York
read more »


European Commission Charges Google Over Android

April 20, 2016

Politico
Alec Burnside comments on the European Commission's charges against Google’s Android operating system, alleging the company devised a web of contracts and secret payments that hampered innovation in the Internet economy.

Related Practice(s): Global Litigation
read more »


MetLife Sifi Decision Unlikely to Hold

April 18, 2016

International Financial Law Review (IFLR)
Steven Lofchie comments on the U.S. District Court for the District of Columbia ruling in favour of MetLife’s challenge to its designation as a systemically important financial institution (Sifi). The District Court's opinion of March 30 found that the Financial Oversight Stability Counsel (FSOC) “declined to consider MetLife’s vulnerability to material financial distress.”

Related Attorney(s): Steven Lofchie
Related Practice(s): Financial Regulation
Related Office(s): New York
read more »


Digital lender failures expected as funding, regulatory pressures mount

April 15, 2016

SNL Financial Extra
Scott Cammarn comments at LendIt USA on how digital lenders are dealing with regulatory burdens. LendIt USA is a top conference for the emerging digital lending space.

Related Attorney(s): Scott Cammarn
Related Practice(s): Marketplace Lending and FinTech
Related Office(s): Charlotte
read more »


Giant Mergers Face Deterrents From the United States

April 06, 2016

The New York Times
Richard Brand comments on the government's increasing willingness to challenge giant takeovers,

Related Attorney(s): Richard Brand
Related Practice(s): Corporate, Corporate Governance, Mergers & Acquisitions
Related Office(s): New York
read more »


3 Ways GCs Can Survive Proxy Season

March 30, 2016

Law360
Bill Mills and Gillian Moldowan discuss why proxy season should be considered a year-round effort.

Related Attorney(s): William Mills
Related Practice(s): Corporate Governance
Related Office(s): New York
read more »


Bridgegate privilege dispute a sign of things to come

March 24, 2016

Global Investigations Review
Jodi Avergun comments on the revision of witness interview notes in the Bridgegate investigation. 

Related Attorney(s): Jodi Avergun
Related Practice(s): Global Litigation
Related Office(s): Washington
read more »


Corporate Finance In Retreat

March 11, 2016

Global Finance
Jodi Avergun comments on how banks have reduced their leverage and risk tolerance to adapt to today’s more rigorous regulatory environment.

Related Attorney(s): Jodi Avergun
Related Practice(s): Bank Regulation, Financial Regulation
Related Office(s): Washington
read more »


Putting Deep Legal Know-How Online: Cadwalader Cabinet

February 25, 2016

Prism Legal
Ron Friedmann praises the redesigned Cadwalader Cabinet for being "well-stocked and well-organized," as well as "lovely to look at."

Related Attorney(s): Steven Lofchie
Related Practice(s): Financial Regulation
Related Office(s): New York
read more »


Viacom Names CEO Philippe Dauman Executive Chairman

February 04, 2016

The Hollywood Reporter
William Schwartz comments on Philippe Dauman being named Executive Chairman of Viacom.

Related Practice(s): Private Wealth
Related Office(s): New York
read more »


Cadwalader Wickersham & Taft expands capital markets practice in New York

February 03, 2016

IFLR
Chris Gavin comments on joining Cadwalader and the state of the market.

Related Attorney(s): Chris Gavin
Related Practice(s): Securitization & Asset Based Finance
Related Office(s): New York
read more »


EU STS proposals concern USA

January 27, 2016

IFLR
David Quirolo and Nick Shiren comment on the US view of the EU's STS proposals.

Related Attorney(s): David Quirolo, Nick Shiren
Related Practice(s): Securitization & Asset Based Finance
Related Office(s): London
read more »


A Law Firm’s Ambitious Dashboard: Inside the Cadwalader Cabinet

January 11, 2016

Bloomberg BNA
Steven Lofchie comments on the newly redesigned Cadwalader Cabinet.

Related Attorney(s): Steven Lofchie
Related Practice(s): Financial Regulation
Related Office(s): New York
read more »


Law Firms Boost Tech In Search Of Edge With Clients

January 11, 2016

Law360
Steven Lofchie comments on the newly redesigned Cadwalader Cabinet.

Related Attorney(s): Steven Lofchie
Related Practice(s): Financial Regulation
Related Office(s): New York
read more »


For Chancery Court, Advancement, Appraisal Key Questions of Year

December 30, 2015

Delaware Business Court Insider
Bill Mills on changes in the Delaware Chancery Court.

Related Attorney(s): William Mills
Related Practice(s): Corporate
Related Office(s): New York
read more »


M&A Policy To Watch In 2016

December 24, 2015

Law360
Greg Markel and Gillian Burns comment on the changing outlook for M&A cases in Delaware.

Related Attorney(s): Gillian Burns
Related Practice(s): Mergers & Acquisitions
Related Office(s): New York
read more »


The End Is In Sight For REIT Spinoffs

December 16, 2015

Tax Analysts
Richard Nugent comments on REIT spinoffs.

Related Practice(s): Tax
Related Office(s): New York
read more »


Darden Receives Letter Ruling Confirming Tax-Free REIT Spinoff

November 10, 2015

Tax Analysts
Richard Nugent comments on the Darden ruling.

Related Practice(s): Tax
Related Office(s): New York
read more »


U.S. charges three in multibillion-dollar drug money laundering scheme

September 11, 2015

Reuters
Jodi Avergun comments on the ability of U.S. authorities to go after Chinese banks for money-laundering schemes if U.S. banks were involved.

Related Attorney(s): Jodi Avergun
Related Practice(s): Anti-Money Laundering Investigations and Compliance
Related Office(s): Washington
read more »


New rules press banks to sell CMBS

September 04, 2015

Reuters
Scott Cammarn comments on the impact of the Volcker Rule on banks looking to hold bonds, and sell them at a later date and more desirable price.

Related Attorney(s): Scott Cammarn
Related Practice(s): Bank Regulation
Related Office(s): Charlotte
read more »


Caesars Could Pursue REIT Spin on Should-Level Opinion

August 26, 2015

Richard Nugent comments on how CEOC’s planned REIT spinoff varies from the REIT spinoff undertaken by Penn National Gaming Inc.

Related Practice(s): Tax
Related Office(s): New York
read more »


Activism Vs PE Strategies: Opposing Or Similar Forces?

August 25, 2015

Richard Brand comments on how activist and PE investors are utillizing similar strategies. 

Related Attorney(s): Richard Brand
Related Practice(s): Corporate
Related Office(s): New York
read more »


Courts Side With Relators in Big Cases, but Some Get Slapped Back

August 03, 2015

Report on Medicare Compliance
Adam Lurie, Brian McGovern, Anne Tompkins discuss the latest trends in False Claims Act judgments and settlements.

Related Attorney(s): Anne Tompkins
Related Office(s): Charlotte, New York, Washington
read more »


Bundled Loans Should Be Exempt From New Capital Rules, LMA Says

May 21, 2015

Bloomberg
David Quirolo comments on the Basel Committee on Banking Supervision’s adoption of tougher capital regulations for securitizations.

Related Attorney(s): David Quirolo
Related Practice(s): CLOs, Securitization & Asset Based Finance
Related Office(s): London
read more »


Tax Shelter Assessment Regs May Revive Dormant Cases

April 01, 2015

Law360
Linda Swartz comments on the clarification of certain conditions required to initiate the extended one-year assessment period for undisclosed listed transactions under Section 6501(c)(10), pursuant to recently released IRS regulations.

Related Attorney(s): Linda Swartz
Related Practice(s): Tax
Related Office(s): New York
read more »


Savoy 2015 Most Influential Black Lawyers

March 18, 2015

Savoy
Cheryl Barnes, a partner in the firm’s Washington, D.C., office, has been named among the Most Influential Black Lawyers in 2015 by Savoy magazine. Attorneys are recognized for their professionalism, protection of rights and community service.

Related Attorney(s): Cheryl Barnes
Related Practice(s): Securitization & Asset Based Finance
read more »


Cadwalader Retains Top Spot in Commercial MBS Representations

January 23, 2015

Commercial Mortgage Alert
Cadwalader was “by far the top law firm hired to work on commercial MBS offerings,” notes Commercial Mortgage Alert.  The firm has now topped the list for 15 consecutive years.

Related Attorney(s): Claire Puddicombe, David Burkholder, Gary Schuler, Michael Gambro, Frank Polverino, Stuart Goldstein, Cheryl Barnes, Kahn Hobbs, Patrick Quinn, Kenneth Marino, Avis Edwards, Michelle Ko, Aaron Benjamin, Joo Kim, Jennifer McIntosh, Greg Prindle, Jake Lindsay, Michael McCormack, Assia Damianova, Y. Jeffrey Rotblat, Anna Glick, Tai Liu, M. Skyler Walker, Robert Cannon, Jefferson Mabrito, Daniel Tobias, Gregg Jubin, Glenn Weston, Lisa Post, Ronald Lanning, Kate Foreman, Peter Williams, Francisco J. Linares, Hunter White, Nathan Spanheimer, Lisa Pauquette, Stephen Day, Danielle Katz, Robert Kim, Matthew Pawling, Katie McShane, David Gingold, Leah Feldman, Neil Weidner, Michael Ruder, Suzanne Bell, Andrew Croshaw, Nick Shiren, David Quirolo, Henry LaBrun, Joseph Beach, Sophie Cuthbertson
Related Practice(s): Commercial Mortgage-Backed Securities, Mortgage Finance, Securitization & Asset Based Finance
Related Office(s): Charlotte, London, New York, Washington
read more »


Banks Avoid Mass Costs in Rollback of Swaps Push-Out

December 18, 2014

Global Capital
Steven Lofchie comments on the rollback of Section 716 of the Dodd-Frank Act. Banks operating with large swaps trading operations will no longer be required to relocate their trading to a separate legal entity that is not federally insured.

Related Attorney(s): Steven Lofchie
Related Practice(s): Bank Regulation, Derivatives & Structured Products
Related Office(s): New York
read more »


2014 Autumn Statement and Finance Bill 2015: It's Beginning to Look a Lot Like Christmas

December 12, 2014

Practical Law Tax
Adam Blakemore comments on the 2014 Autumn Statement and the draft Finance Bill 2015 clauses.

Related Attorney(s): Adam Blakemore
Related Practice(s): Securitization & Structured Products Taxation, Tax
Related Office(s): London
read more »


Inversions Heating Up Again After Crackdown Froze Deals

December 10, 2014

Law360
Linda Z. Swartz, Chair of the Tax group at Cadwalader, commenting in Law360 on current market views on inversion transactions in the wake of the Treasury’s anti-inversion rules.

Related Attorney(s): Linda Swartz
Related Practice(s): Tax
Related Office(s): New York
read more »


'Unpatriotic Loophole' Targeted by Obama Costs $2 Billion

December 02, 2014

Bloomberg
Linda Z. Swartz, Chair of the Tax group at Cadwalader, comments in Bloomberg on the potential ramifications of the Treasury's anti-inversion rules for U.S. companies.

Related Attorney(s): Linda Swartz
Related Practice(s): Tax
Related Office(s): New York
read more »


US Airline Wins Dodd-Frank Real-Time Reporting Delay

November 12, 2014

Risk.net
Steven Lofchie comments on a no-action letter issued by the U.S. Commodity Futures Trading Commission (CFTC) to Southwest Airlines that may herald a broader shift in the CFTC's policy of requiring commodity derivatives end-users to report their swap trades in real time.

Related Attorney(s): Steven Lofchie
Related Practice(s): Commodities & Futures Regulation, Derivatives & Structured Products, Swap Regulation
Related Office(s): New York
read more »


Will the New Congress Change the Tax Code?

November 04, 2014

Wall Street Journal
Linda Z. Swartz comments in the Wall Street Journal on the potential impact on prospects for tax reform of a Republican Senate majority following midterm elections.

Related Attorney(s): Linda Swartz
Related Practice(s): Tax
Related Office(s): New York
read more »


Leveraged Loans: As CLO Market Digests Risk Retention, Lawyers Eye 'Holy Grail'

October 30, 2014

Forbes
Joseph Beach comments on the recently finalized risk retention rules for ABS transactions, including CMBS transactions, under Dodd-Frank.

Related Attorney(s): Joseph Beach
Related Practice(s): CLOs, Commercial Mortgage-Backed Securities, Securitization & Asset Based Finance
read more »


Cadwalader, Wickersham & Taft's Women's Leadership Initiative Launches Housing Clinic in Partnership with The Legal Aid Society

October 19, 2014

Pro Bono News - New York State Bar Association
Cadwalader’s Women’s Leadership Initiative (WLI), in collaboration with the firm’s Pro Bono & Public Service Department, launched the WLI Housing Clinic. The WLI Housing Clinic partners with The Legal Aid Society’s Queens Neighborhood Office to represent women at New York City Housing Authority administrative hearings where they potentially face the loss of their homes.

Related Attorney(s): Gillian Burns, Ellen Halstead
Related Page(s): Pro Bono and Public Service
read more »


$55B AbbVie Deal Collapse Boosts Anti-Inversion Campaign

October 17, 2014

Linda Z. Swartz comments in Law360 on the effect of the Treasury’s new anti-inversion rules on pending and future inversion transactions.

Related Attorney(s): Linda Swartz
Related Practice(s): Tax
Related Office(s): New York
read more »


Brooklyn U.S. Attorney Lynch Eyed for Justice Promotion

October 17, 2014

Bloomberg
Jodi Avergun comments on Loretta Lynch, the federal prosecutor from New York who some consider a contender for the No. 2 spot at the Justice Department.

Related Attorney(s): Jodi Avergun
Related Practice(s): Anti-Money Laundering Investigations and Compliance, Global Litigation, White Collar Defense and Investigations
Related Office(s): New York
read more »


Tax Shelter Shake-Up Hits Home

October 01, 2014

Crain’s New York Business
Mark P. Howe, comments  in Crain’s New York Business on compliance requirements for financial institutions under the Foreign Accounts Compliance Taxation Act (FACTA).

Related Attorney(s): Mark Howe
Related Practice(s): Corporate Taxation, Tax
Related Office(s): Washington
read more »


Cadwalader Continues to Dominate Law-Firm Ranking

July 25, 2014

Mortgage Alert
Cadwalader has once again been recognized as the top law firm advising issuers and underwriters on commercial MBS offerings during the first half of 2014, according to a new set of rankings released in the latest edition of Commercial Mortgage Alert.

Related Attorney(s): Alexander Strom, Cheryl Barnes, Michael Ruder, Frank Polverino, Gary Schuler, Michael Gambro, Gary Silverstein, Lisa Post, Jason Schwartz, Michael McCormack, Jake Lindsay, David Burkholder, Assia Damianova, Andrew Croshaw, Neil Weidner, Michelle Ko, Tai Liu, Robert Cannon, David Gingold, Ira Schacter, Leah Feldman, Francisco J. Linares, Y. Jeffrey Rotblat, Kate Foreman, Patrick Quinn, Henry LaBrun, Greg Prindle, Ronald Lanning, Lary Stromfeld, Anna Glick, Joseph Beach, Hunter White, Kahn Hobbs, Suzanne Bell, Stephen Day, Kenneth Marino, Aaron Benjamin, Ivan Loncar, Gregg Jubin, Stuart Goldstein, Lisa Pauquette, Nick Shiren, Jed Miller, Richard Schetman, Nathan Spanheimer, Danielle Katz, Adam Risell, Joo Kim
Related Practice(s): Commercial Mortgage-Backed Securities, Mortgage Finance, Securitization & Asset Based Finance
Related Office(s): Charlotte, London, New York, Washington
read more »


Former Regulator Becomes Face of Industry Lobby

July 24, 2014

International Financial Review
Steven Lofchie comments on former Republican CFTC Commissioner Scott O’Malia being named CEO of chief derivatives lobby group ISDA.

Related Attorney(s): Steven Lofchie
Related Practice(s): Derivatives & Structured Products
Related Office(s): New York
read more »


Volcker Rule Forces Trading Desk Rethink

July 22, 2014

Risk Magazine
Scott Cammarn comments on how banks are interpreting the Volcker rule’s definition of a trading desk.

Related Attorney(s): Scott Cammarn
Related Practice(s): Financial Regulation
Related Office(s): Charlotte
read more »


Successes, Remaining Challenges Debated on Anniversary of Dodd-Frank Enactment

July 21, 2014

Bloomberg BNA
Scott Cammarn comments on the Dodd-Frank Wall Street Reform and Consumer Protection Act as it enters its fifth year.

Related Attorney(s): Scott Cammarn
Related Practice(s): Bank Regulation, Financial Regulation
Related Office(s): Charlotte
read more »


Tax Attorneys Warn Anti-Inversion Effort May Backfire

June 06, 2014

CQ Roll Call
Linda Z. Swartz comments in CQ Roll Call on the proposed Levin Bill’s treatment of an inverted company as a U.S. corporation if at least 25% of the foreign group’s employees, sales or assets are located in the United States, which would potentially discourage foreign companies from investing in the U.S. and could drive domestic subsidiaries of foreign corporations out of the United States.

Related Attorney(s): Linda Swartz
Related Practice(s): Tax
Related Office(s): New York
read more »


Retail Lending Gets Easier—Thanks in No Small Part to CMBS

June 02, 2014

Mortgage Observer
Fredric Altschuler comments on why retail landlords around the country are increasingly turning to commercial mortgage-backed securities to finance properties in secondary markets as an alternative to traditional loans.

Related Attorney(s): Fredric Altschuler
Related Practice(s): Mortgage Finance, Real Estate
Related Office(s): New York
read more »


How to Regulate HFT’s Secrets

May 29, 2014

IFLR
Steve Lofchie comments on claims that the speed at which high-frequency trading (HFT) can digest what happens on one exchange and react on another by buying or selling at a different price can lead to market distortion and front-running.

Related Attorney(s): Steven Lofchie
Related Practice(s): Broker-Dealer Regulation, Financial Regulation
read more »


Dealmakers Ignore Tax Limit Plan Spurred by Pfizer Bid

May 27, 2014

Bloomberg
Linda Z. Swartz  comments in Bloomberg on the market’s lack of reaction to Senator Carl Levin’s proposed anti-inversion bill and the low likelihood that the legislation’s retroactive date of May 8, 2014 would be passed through Congress.

Related Attorney(s): Linda Swartz
Related Practice(s): Tax
Related Office(s): New York
read more »


Small Credit Rating Agencies Cry Foul Over EU Directive

May 23, 2014

ILFR
Stephen Day comments on claims made by smaller credit rating agencies that banks are ignoring a key part of the European Union’s CRA3 regulations, aimed at decreasing an over-reliance on the larger rating agencies.  

Related Attorney(s): Stephen Day
Related Practice(s): Corporate, Securitization & Asset Based Finance, Structured Products
Related Office(s): London
read more »


Inversion Moratorium Sets Up Tax Reform Negotiations

May 22, 2014

Linda Z. Swartz comments in Law360 on the paradoxical implications for U.S. business of the “Stop Corporate Inversions Act of 2014” bill proposed by Senator Carl Levin on May 20, 2014, which seeks to place significantly more stringent limits on the ability of U.S. companies to relocate outside the U.S.

Related Attorney(s): Linda Swartz
Related Practice(s): Tax
Related Office(s): New York
read more »


IRS Guidance Expected on Dual Partner/Employee Status

May 21, 2014

Tax Notes Today
Linda Z. Swartz discusses tax reform proposed by House Ways and Means Committee Chair Dave Camp (R-MI) related to the tax treatment of carried interest and Section 83(b) elections.

Related Attorney(s): Linda Swartz
Related Practice(s): Tax
Related Office(s): New York
read more »


The Deal Shining a Light on Tax Schemes

May 19, 2014

Linda Z. Swartz spoke to the Financial News regarding the current statute that governs the structuring of inversion transactions as well as the three primary drivers that typically motivate the choice of foreign jurisdiction for a U.S. company seeking to invert.

Related Attorney(s): Linda Swartz
Related Practice(s): Tax
Related Office(s): New York
read more »


Reg NMS in the Spotlight Amid HFT Criticism

May 16, 2014

Steven Lofchie comments on the connection between Regulation NMS and high-frequency trading (HTF).

Related Attorney(s): Steven Lofchie
Related Practice(s): Broker-Dealer Regulation, Financial Regulation
Related Office(s): New York
read more »


$100B Pfizer Tie-Up Plan Puts Focus on U.S. Corporate Exodus

April 29, 2014

Law 360
Linda Z. Swartz comments in Law360 on the benefits for companies pursuing inversion transactions.

Related Attorney(s): Linda Swartz
Related Practice(s): Tax
Related Office(s): New York
read more »


Pfizer Move to Join Tax-Driven Deal-Making Raises Red Flags in U.S.

April 28, 2014

Reuters
Linda Z. Swartz comments on the current wave of inversions by merger.

Related Attorney(s): Linda Swartz
Related Practice(s): Tax
Related Office(s): New York
read more »


GE, Valeant Deals Spurred on by Tax Rules that Favor Foreign Assets

April 25, 2014

Bloomberg
Linda Z. Swartz comments on the U.S. Treasury's fiscal year 2015 budget proposal's effect on the increased interest in inversion transactions.

Related Attorney(s): Linda Swartz
Related Practice(s): Tax
Related Office(s): New York
read more »


Activists Eye Inversion Deals as New Bargaining Chip

April 15, 2014

Law360
Linda Swartz comments on the increasing popularity of inversion transactions.

Related Attorney(s): Linda Swartz
Related Practice(s): Mergers & Acquisitions Taxation, Tax
Related Office(s): New York
read more »


Tax thread runs through pharma deals

April 07, 2014

Financial Times
Christopher Cox comments on the surge in “inversions” since the U.S. government revealed plans to tighten the rules allowing U.S. companies to re-domicile their tax base.

Related Attorney(s): Christopher Cox
Related Practice(s): Mergers & Acquisitions
Related Office(s): New York
read more »


Tough Corporate Tax Outlook Fueling ‘Inversion’ Deals

March 13, 2014

Law360
Christopher T. Cox and Linda Z. Swartz comment about the recent uptick in cross-border merger and acquisition transactions that make use of the "inversion" deal structure.

Related Attorney(s): Christopher Cox, Linda Swartz
Related Practice(s): Mergers & Acquisitions, Tax
Related Office(s): New York
read more »


Cadwalader Remains Top CMBS Legal Advisor

February 07, 2014

Commercial Mortgage Alert
Cadwalader Wickersham worked on more commercial MBS offerings than any other law firm again last year, fending off a serious challenge from Sidley Austin for underwriter-counsel assignments on private-label issues.

Related Attorney(s): Frank Polverino, Andrew Croshaw, Ira Schacter, Leah Feldman, Neil Weidner, Tai Liu, Kate Foreman, Adam Risell, Ivan Loncar, Y. Jeffrey Rotblat, David Gingold, Greg Prindle, Kenneth Marino, David Burkholder, Joseph Beach, Jed Miller, Robert Cannon, Lisa Post, Stuart Goldstein, Jake Lindsay, Joo Kim, Nick Shiren, Francisco J. Linares, Ronald Lanning, Gary Silverstein, Lary Stromfeld, Gary Schuler, Michael Ruder, Michael Gambro, Cheryl Barnes, Patrick Quinn, Nathan Spanheimer, Aaron Benjamin, Richard Schetman, Lisa Pauquette, Hunter White, Gregg Jubin, Danielle Katz, Suzanne Bell, Michael McCormack, Henry LaBrun, Anna Glick, Robert Kim, Assia Damianova, Alexander Strom, Jason Schwartz, Kahn Hobbs, Stephen Day
Related Practice(s): Commercial Mortgage-Backed Securities, Mortgage Finance, Securitization & Asset Based Finance
Related Office(s): Charlotte, London, New York, Washington
read more »


Bitter Medicine in Store for Activists

January 28, 2014

The Wall Street Journal
Christopher T. Cox, a Cadwalader partner who advises boards, comments on how companies are bolstering their defenses as activist hedge funds step up their efforts to gain board seats.

Related Attorney(s): Christopher Cox
Related Practice(s): Corporate, Corporate Governance
read more »


Despite Doldrums in Deal Activity, a Few Highlights This Year

December 17, 2013

The New York Times DealBook
Cadwalader advised on three of DealBook’s notable 2013 transactions.

Related Practice(s): Corporate
read more »


Advisers play at activism to pre-empt the next Icahn

December 12, 2013

Financial Times
As American’s largest companies focus on preparing for a potential activism, Cadwalader is noted as one of the leading law firms advising companies on how to interpret the activist threats and establish possible responses.

Related Practice(s): Corporate
read more »


AIG Settles With Former Executive Before $274 Million Pay Trial

November 06, 2013

Reuters
American International Group Inc. agreed to settle a $274 million lawsuit by a former executive, represented by Sean O’Shea, who said the insurer refused to pay him during the financial crisis in 2008.

Related Attorney(s): Sean O'Shea
Related Practice(s): Corporate & Financial Services Litigation & Regulation, Global Litigation, White Collar Defense and Investigations
Related Office(s): New York
read more »


Lawyer Limelight: Sean O’Shea

August 04, 2013

Lawdragon
Sean O'Shea is profiled by Lawdragon, which selected him as one of the 500 Leading Lawyers in America.

Related Attorney(s): Sean O'Shea
Related Practice(s): Corporate & Financial Services Litigation & Regulation, Global Litigation, White Collar Defense and Investigations
Related Office(s): New York
read more »


Cadwalader Still Top CMBS Law Firm

July 26, 2013

Commercial Mortgage Alert
Cadwalader Wickersham still dominates the small field of law firms that work on commercial MBS transactions, but Sidley Austin has emerged as a stronger challenger this year, especially when it comes to advising underwriters.

Related Attorney(s): Jake Lindsay, Lary Stromfeld, Greg Prindle, Robert Cannon, Assia Damianova, Patrick Quinn, Hunter White, Kenneth Marino, Kahn Hobbs, Tai Liu, Leah Feldman, Cheryl Barnes, David Burkholder, David Gingold, Kate Foreman, Lisa Pauquette, Nathan Spanheimer, Joseph Beach, Ronald Lanning, Francisco J. Linares, Lisa Post, Robert Kim, Michael Ruder, Ivan Loncar, Alexander Strom, Ira Schacter, Neil Weidner, Adam Risell, Anna Glick, Andrew Croshaw, Gary Schuler, Nick Shiren, Gregg Jubin, Richard Schetman, Stephen Day, Y. Jeffrey Rotblat, Joo Kim, Aaron Benjamin, Jason Schwartz, Stuart Goldstein, Michael Gambro, Danielle Katz, Suzanne Bell, Michael McCormack, Jed Miller, Henry LaBrun, Frank Polverino, Gary Silverstein
Related Practice(s): Commercial Mortgage-Backed Securities, Mortgage Finance, Securitization & Asset Based Finance
Related Office(s): Charlotte, London, New York, Washington
read more »


Rebuilding Basel

July 23, 2013

Structured Credit Investor
The Basel Committee sought and received feedback on a consultative paper launched late last year (SCI 19 December 2012). Market participants voiced concerns over the proposals and they are now expected to be amended in advance of a second consultation later this year.

Related Attorney(s): Stephen Day
Related Practice(s): Securitization & Asset Based Finance
Related Office(s): London
read more »


American Airlines and US Airways To Create A Premier Global Carrier —The New American Airlines

February 14, 2013

US Airways
AMR Corporation (OTCQB: AAMRQ), the parent company of American Airlines, Inc., and US Airways Group, Inc. (NYSE: LCC) today announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine to create a premier global carrier, which will have an implied combined equity value of approximately $11 billion based on the price of US Airways’stock as of February 13, 2013.

Related Practice(s): Mergers & Acquisitions
read more »


Cadwalader Retains Top Spot Among CMBS Law Firms

February 08, 2013

Cadwalader Wickersham remained the favorite law firm of commercial MBS issuers in 2012, advising them on almost three-quarters of the year's transactions.

Related Attorney(s): William McInerney, Michael Gambro, Patrick Quinn
Related Practice(s): Commercial Mortgage-Backed Securities, Securitization & Asset Based Finance
Related Office(s): New York
read more »


Argentina Debt Repayment Order Frozen

November 29, 2012

Financial Times
Sean O’Shea comments on a U.S. appeals court putting on hold a New York judge’s order for Argentina to pay $1.3bn into escrow for holders of its defaulted debt by December 15, quelling fears of an imminent default. O’Shea represents the exchange bondholders. [Subsription required]

Related Attorney(s): Sean O'Shea
Related Practice(s): Corporate & Financial Services Litigation & Regulation, Global Litigation
Related Office(s): New York
read more »


MCB Volunteer Spotlight: Christopher J. Dickson

November 01, 2012

Mecklenberg County Bar Newsletter
Christopher J. Dickson with Cadwalader, Wickersham & Taft has been a volunteer attorney with the MCB Pro Bono for Nonprofits program since 2010.

Related Attorney(s): Christopher Dickson
Related Office(s): Charlotte
read more »


Reading the Tea Leaves on Compliance Credit

October 17, 2012

Main Justice

Related Attorney(s): Jodi Avergun
Related Practice(s): Corporate Governance, White Collar Defense and Investigations
Related Office(s): Washington
read more »


Hedge Funds

October 08, 2012

Legal Business
When the dotcom bubble burst at the start of the Noughties and the fantastic bull market of the previous decade shuddered to a halt, two little-known American firms in London cleaned up, big style.

Related Attorney(s): Richard Nevins
Related Practice(s): Distressed Finance, Financial Restructuring
Related Office(s): London
read more »


U.S. Securities Lending Faces Change

September 13, 2012

Global Investor
Steven Lofchie discusses securities lending regulation and Dodd-Frank.

Related Attorney(s): Steven Lofchie
Related Practice(s): Broker-Dealer Regulation, Derivatives & Structured Products, Financial Regulation, Structured Products, Swap Regulation
Related Office(s): New York
read more »


Cadwalader Continues to Dominate CMBS Legal Work

July 27, 2012

Commercial Mortgage Alert
Cadwalader served as legal advisor on three-quarters of the commercial MBS offerings in the first half, extending its longtime role as the go-to firm for U.S. issuers and underwriters.

Related Attorney(s): Patrick Quinn
Related Practice(s): Commercial Mortgage-Backed Securities, Securitization & Asset Based Finance
Related Office(s): Charlotte, New York, Washington
read more »


Write-down Resolution?

June 22, 2012

Structured Credit Investor
Assia Damianova talks about a proposed new bail-in mechanism under an EC directive.

Related Attorney(s): Assia Damianova
Related Practice(s): Bank Regulation, Derivatives & Structured Products, FCA Regulated Entities, Financial Regulation, Structured Products
Related Office(s): London
read more »


The Club No-one Wants to Join: Swap Dealer Rules Remain Unclear

June 01, 2012

Risk.net
Steven Lofchies discussed the Dodd-Frank regulations for major swap participants.

Related Attorney(s): Steven Lofchie
Related Practice(s): Broker-Dealer Regulation, Derivatives & Structured Products, Financial Regulation, Structured Products, Swap Regulation
Related Office(s): New York
read more »


A Rule Too Far

May 12, 2012

Chartered Institute for Securities & Investment
Scott Cammarn discussed the impact of the Volcker Rule on U.S. branches of foreign banks.

Related Attorney(s): Scott Cammarn
Related Practice(s): Bank Regulation, Corporate, Financial Regulation, Swap Regulation
Related Office(s): Charlotte
read more »


What's the Holdup With Dodd-Frank Rulemaking?

May 01, 2012

Even though the Volcker Rule is scheduled to go into effect this month, many banks aren’t sure exactly how they’ll comply with it.

Related Attorney(s): Steven Lofchie
Related Practice(s): Bank Regulation, Financial Regulation, Swap Regulation
Related Office(s): New York
read more »


Banks Move Traders Ahead of U.S Rule

April 03, 2012

Reuters
Scott Cammarn is quoted discussing bank personnel moves ahead of the effective date of the Volcker Rule.

Related Attorney(s): Scott Cammarn
Related Practice(s): Bank Regulation, Financial Regulation, Swap Regulation
Related Office(s): Charlotte
read more »


CLO Issuance Could Reach $25 Billion This Year

March 27, 2012

Bloomberg Brief
Neil J. Weidner discusses the CLO markets.

Related Attorney(s): Neil Weidner
Related Practice(s): CLOs, Securitization & Asset Based Finance
Related Office(s): New York
read more »


U.K. Announces Clampdown on Stamp Duty Avoidance Through Corporate Structures

March 23, 2012

Bloomberg BNA
Adam Blakemore is quoted discussing the introduction of a new SDLT rate.

Related Attorney(s): Adam Blakemore
Related Practice(s): Corporate Taxation, Tax
Related Office(s): London
read more »


Cadwalader Retains Perch Atop CMBS Law-Firm Rankings

January 27, 2012

Commercial Mortgage Alert
Cadwalader fortified its position last year as the perennial champion among law firms in the commercial MBS arena.

Related Practice(s): Commercial Mortgage-Backed Securities, Securitization & Asset Based Finance
Related Office(s): Charlotte, New York, Washington
read more »


European Shipowners to Seek U.S. Court Protection, Law Firm Says

January 26, 2012

Bloomberg
Gregory M. Petrick comments on European-based shipping bankruptcy filings.

Related Attorney(s): Gregory Petrick
Related Practice(s): Bankruptcy Litigation, Financial Restructuring
Related Office(s): London
read more »


European Distressed Debt Market Outlook 2012

January 24, 2012

Debtwire
2011 is best described as a game of two halves. The first six months built on a solid recovery in 2010, but rising concerns over Greece's rapidly deteriorating credit profile soon spread contagion market-wide.

Related Attorney(s): Gregory Petrick, Richard Nevins
Related Practice(s): Distressed Finance, Financial Restructuring
Related Office(s): London
read more »


Top Underwriter and Issuer Counsel for US ABS/MBS

January 13, 2012

Asset-Backed Alert

Related Practice(s): Securitization & Asset Based Finance
Related Office(s): Charlotte, New York, Washington
read more »


Cads' New City Boss to Lead Hiring Spree

January 02, 2012

The Lawyer
Gregory M. Petrick discusses the firm's London office.

Related Attorney(s): Gregory Petrick
Related Practice(s): Derivatives & Structured Products, Financial Restructuring, Securitization & Asset Based Finance
Related Office(s): London
read more »


Cadwalader Continues to Dominate CMBS Law-Firm Rankings

July 22, 2011

Commercial Mortgage Alert
Cadwalader Wickersham advised issuers and underwriters on the vast majority of commercial MBS offerings in the first half, reinforcing its longtime position as the market’s most-active law firm.

Related Attorney(s): William McInerney, Patrick Quinn, Michael Gambro
Related Practice(s): Commercial Mortgage-Backed Securities, Securitization & Asset Based Finance
Related Office(s): Charlotte, New York, Washington
read more »


Documentation Issues

July 01, 2011

Structured Credit Investor
Greek CDS contracts appear unlikely to be triggered under current proposals for a Greek debt restructuring.

Related Attorney(s): Assia Damianova
Related Practice(s): Derivatives & Structured Products, Securitization & Asset Based Finance, Structured Products
Related Office(s): London
read more »


Sean O’Shea Cited as Most Feared Adversary

June 24, 2011

Law360
Asked to name a litigator he would fear opposing, the co-chairman of a competing litigation practice group named Sean O’Shea.

Related Attorney(s): Sean O'Shea
Related Practice(s): Corporate & Financial Services Litigation & Regulation, Global Litigation, White Collar Defense and Investigations
Related Office(s): New York
read more »


Watch partner Steven Lofchie discuss the uncertainty created by provisions of the Dodd-Frank Act as they relate to the regulation of swaps

June 09, 2011

Bloomberg Law

Related Attorney(s): Steven Lofchie
Related Practice(s): Financial Regulation, Swap Regulation
Related Office(s): New York
read more »


Fenwick Advises Diamond In $2.3B Pringles Purchase

April 05, 2011

Law360
Ohio's Procter & Gamble Co. said Tuesday it would sell its $2.35 billion Pringles brand to California-based Diamond Foods Inc. in a deal that contemplates an exchange of stock and the snack specialist's assumption of $850 million in debt.

Related Attorney(s): Linda Swartz
Related Practice(s): Mergers & Acquisitions Taxation, Tax
Related Office(s): New York
read more »


Dish Network Wins Blockbuster With $320M Bid

April 05, 2011

Law360
Dish Network Corp. beat out five competitors with a $320 million offer to buy bankrupt Blockbuster Inc. in a New York auction for the movie rental chain that lasted into early Wednesday morning.

Related Practice(s): Distressed Investing and Mergers & Acquisitions, Financial Restructuring
Related Office(s): New York
read more »


Cadwalader, Simpson Thacher, White & Case on $2.38B KKR-Pfizer Deal

April 04, 2011

The AmLaw Daily
Pfizer Inc., the world’s largest pharmaceutical company, agreed to sell its Capsugel division to private equity firm Kohlberg Kravis Roberts & Co. for $2.38 billion. The deal, announced Monday, follows an October 2010 announcement by Pfizer that it was exploring the sale of its pill-capsule manufacturing business.

Related Attorney(s): William Mills, Linda Swartz
Related Practice(s): Corporate, Mergers & Acquisitions, Mergers & Acquisitions Taxation, Tax
Related Office(s): New York
read more »


Mead Johnson Sues For Coverage Of Baby Formula Suits

March 23, 2011

Law360
Mead Johnson & Co. LLC sued Lexington Insurance Co. in Indiana federal court Tuesday seeking a judgment that the insurer must defend and indemnify it against a slew of consumer class actions over its marketing of infant formula.

Related Practice(s): Global Litigation
Related Office(s): New York
read more »


Cadwalader Back on Top of Law-Firm Rankings as CMBS Revives

January 28, 2011

Commercial Mortgage Alert
Cadwalader Wickersham, which dominated the commercial MBS law-firm rankings before the market collapsed, picked up right where it left off as the sector started to revive last year.

Related Attorney(s): Michael Gambro
Related Practice(s): Commercial Mortgage-Backed Securities, Securitization & Asset Based Finance
Related Office(s): Charlotte, New York, Washington
read more »


Top Underwriter and Issuer Counsel for US ABS/MBS

January 26, 2011

Asset Backed-Alert

Related Practice(s): Commercial Mortgage-Backed Securities, Residential Mortgage-Backed Securities, Securitization & Asset Based Finance
Related Office(s): New York
read more »


Bankruptcy Group Of The Year: Cadwalader

January 13, 2011

Law360
Cadwalader Wickersham & Taft LLP’s restructuring group worked in 2010 to steer the U.S. government’s ongoing reorganization of General Motors and Chrysler and oversee the $23 billion restructuring of LyondellBasell Industries NV, earning the firm a spot among Law360's Bankruptcy Groups of 2010.

Related Attorney(s): Gregory Petrick
Related Practice(s): Bankruptcy Litigation, Distressed Energy, Distressed Finance, Distressed Investing and Mergers & Acquisitions, Distressed Structured Products, Financial Restructuring, Real Estate Restructuring
Related Office(s): London, New York, Washington
read more »


Protecting Against Insider Trading: Expert Networks and Best Practices for Fostering Compliance and Reducing Legal Risks

December 16, 2010

Compliance11

Related Attorney(s): Steven Lofchie, Jonathan Hoff
Related Practice(s): Financial Regulation, White Collar Defense and Investigations
Related Office(s): New York, Washington
read more »


What hath Dodd wrought?

December 03, 2010

Charlotte Business Journal
Dodd-Frank may help consumers, but benefit for law firms is undisputed.

Related Attorney(s): Scott Cammarn
Related Practice(s): Financial Regulation, Swap Regulation
Related Office(s): Charlotte
read more »


Too Big to Work?

September 20, 2010

inCOMPLIANCE
The practice in the US of naming statutes after their congressional sponsors gives them a certain human quality which, depending on their contents, can either make them seem like familiar friends or dreaded enemies.

Related Attorney(s): Scott Cammarn, Steven Lofchie
Related Practice(s): Bank Regulation, Financial Regulation, Swap Regulation
Related Office(s): Charlotte, New York
read more »


European Distressed Debt Market Outlook 2010

January 27, 2010

Debtwire
In early 2009, the impact of the global credit crisis eventually spilled over from the financial sector into the real economy.

Related Attorney(s): Richard Nevins
Related Practice(s): Bankruptcy Litigation, Distressed Finance, Financial Restructuring
Related Office(s): London
read more »


In Conversation With Anna Glick, Stuart Goldstein and Patrick Quinn

December 17, 2009

Practical Law Company
Eric Berman of Practical Law Company sat down with Anna Glick, Stuart Goldstein and Patrick Quinn, Partners at Cadwalader, Wickersham & Taft LLP, to discuss their views on developments in the securitization market.

Related Attorney(s): Patrick Quinn, Stuart Goldstein, Anna Glick
Related Practice(s): Securitization & Asset Based Finance
read more »


Washington's Top Lawyers

December 07, 2009

Washingtonian
Here are Washington’s best legal minds.

Related Attorney(s): Mark Ellenberg
Related Practice(s): Financial Restructuring
read more »


Cendant Loses Appeal of $98M Judgment

July 23, 2009

Law360
Following nearly a decade of litigation, Cendant Corp. has lost an appeal of an almost $98 million judgment in a suit launched by CSI Investment Partners II Inc., which is represented by Sean O’Shea.

Related Attorney(s): Sean O'Shea
Related Practice(s): Corporate & Financial Services Litigation & Regulation, Global Litigation, White Collar Defense and Investigations
Related Office(s): New York
read more »


Will PPIP Do More Than Squeak?

June 30, 2009

American Securitization
The Public-Private Investment Program is Washington’s latest attempt to help shift troubled loans and securities.

Related Attorney(s): Michael Gambro
Related Practice(s): Securitization & Asset Based Finance
read more »


New Deals - Lawyers on Major Transactions

January 29, 2009

New York Law Journal
Pharmaceutical giant Pfizer Inc. has agreed to purchase rival drug company, Wyeth, in a $68 billion cash-and-stock transaction, creating the world’s largest pharmaceutical company.

Related Attorney(s): Braden McCurrach, William Mills, Dorothy Auth Ph.D., Linda Swartz, Joshua Apfelroth, Jason Halper, Steven Herman
Related Practice(s): Corporate, Global Litigation, Intellectual Property, Mergers & Acquisitions, Mergers & Acquisitions Taxation, Tax
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European Distressed Debt Market Outlook 2009

January 27, 2009

Debtwire
Welcome to the European Distressed Debt Market Outlook 2009, which Debtwire is delighted to present in conjunction with Cadwalader, Wickersham & Taft LLP, FTI Consulting Inc and Rothschild.

Related Attorney(s): Richard Nevins
Related Practice(s): Financial Restructuring
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A Long Weekend for Cadwalader, Simpson and Wachtell

January 26, 2009

The AM Law Daily
Dennis Block, an M&A partner at Cadwalader, Wickersham & Taft, first got the call in June: his longtime client, Pfizer, was interested in buying rival Wyeth in what would likely be the largest deal in the history of the pharmaceutical industry.

Related Attorney(s): William Mills, Steven Herman, Linda Swartz, Jason Halper, Dorothy Auth Ph.D.
Related Practice(s): Corporate, Global Litigation, Intellectual Property, Mergers & Acquisitions, Real Estate, Tax
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Insiders Collected $1 Billion Before Refco Collapse

October 20, 2005

The New York Times
Sean O’Shea comments on the collapse of Refco and how insiders at the firm received more than $1 billion in cash, according to the firm's financial statements.

Related Attorney(s): Sean O'Shea
Related Practice(s): Corporate & Financial Services Litigation & Regulation, Global Litigation, White Collar Defense and Investigations
Related Office(s): New York
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Criminal Charges Are Said to Be Unlikely for a Fired Executive of A.I.G.

August 16, 2005

The New York Times
A former top executive of American International Group in Bermuda, represented by Sean O’Shea, is not expected to face criminal charges by the New York attorney general's office.

Related Attorney(s): Sean O'Shea
Related Practice(s): Corporate & Financial Services Litigation & Regulation, Global Litigation, White Collar Defense and Investigations
Related Office(s): New York
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