FEATURED PUBLICATION | Hedge Funds | Investor Activism | May 20, 2021
New York, June 17, 2021 – Premier boutique law firm Kleinberg Kaplan was recognized in the latest edition of The Legal 500: United States for its Hedge Funds and Investor Activism practices. The Hedge Funds practice was celebrated for advising a wide range of fund managers on large capital commitment facilities, as well as spin-outs and set-up issues for new managers.…
Firm News | June 17, 2021 | Hedge Funds | Investor Activism
Kleinberg Kaplan client, Absoluto Partners, a Brazil-based hedge and venture capital fund manager with headquarters in Rio de Janeiro, recently participated in a Series G fundraising round totaling $750 million for Nubank, a Brazil-based fintech company. Absoluto Partners, Verde Asset Management and Sands Capital invested $250 million, while Berkshire Hathaway invested $500 million. According to The…
Firm News | June 15, 2021 | Private Equity Funds
Kleinberg Kaplan long-standing client Seavest Healthcare Properties recently acquired an eight-story, 72,270 square foot medical office building in the Midwood neighborhood of Brooklyn. The building is located at 902 Quentin Road and is anchored by NYU Langone Health and Touro College of Health Sciences. In its press release, Seavest Senior Managing Director & Chief Investment Officer…
Firm News | June 10, 2021 | Acquisitions and Sales
A recent decision from the Delaware Chancery Court has established, for the first time, that the remedy of reverse veil-piercing is recognized under Delaware law. The decision, Manichean Capital, LLC v. Exela Technologies, Inc., resolves a dispute regarding the availability of reverse veil-piercing and augments the remedies for minority shareholders dissenting from a merger. Background…
Client Alerts | June 2, 2021 | Creditors’ Rights and Bankruptcy Litigation
Firm ranked in Hedge Funds category; three partners individually honored New York, May 20, 2021 — Premier boutique law firm Kleinberg Kaplan announced that it has been recognized by Chambers USA 2021 as a leading firm. The firm was again included in the “Hedge Funds (USA – Nationwide)” category, and three Kleinberg Kaplan partners were individually…
FEATURED PUBLICATION | May 20, 2021 | Hedge Funds | Investor Activism
A recent decision by a Delaware bankruptcy court highlights the important consequences that can flow from a debtor-in-possession (“DIP”) finance stipulation reached early in a case. The decision, in Official Committee of Unsecured Creditors v. The CIT Group /Business Credit, Inc. (In re Jevic Holding Corp.), held that a chapter 7 trustee was barred by…
Client Alerts | May 13, 2021 | Creditors’ Rights and Bankruptcy Litigation
A series of decisions (and a recent brief) have highlighted some of the new issues that are arising in Safe Harbor litigation. In particular, they show how the courts are wrestling with questions concerning: Which entity in a complex transaction is considered the “initial transferee” for Safe Harbor purposes? How are courts interpreting the Safe…
Client Alerts | March 24, 2021 | Creditors’ Rights and Bankruptcy Litigation
Elements of the Safe Harbor Defense Section 546(e) of the Bankruptcy Code provides a safe harbor that bars certain avoidance actions/clawback actions (described below – “What types of actions are barred?”) regarding Qualifying Transactions (described below) that involve Qualifying Entities (described below). What types of actions are barred? Section 546(e) bars preference actions and constructive fraudulent…
FEATURED PUBLICATION | March 23, 2021 | Creditors’ Rights and Bankruptcy Litigation
Kleinberg Kaplan, a pure-play activist law firm, ranks among the most active legal advisors for activist campaigns, according to data intelligence provider Refinitiv. For full year 2020, Kleinberg Kaplan ranked third for legal counsel solely advising activist investors in Refinitiv’s Global Shareholder Activism Scorecard released this week. In addition, the firm ranked fourth globally for…
FEATURED PUBLICATION | March 16, 2021 | Investor Activism
The Delaware Supreme Court has held that fraudulent conduct by corporate officers and directors is insurable in Delaware. This consequential decision, RSUI Indemnity Company v. Murdock, 2021 BL 76083 (Del. Mar. 3, 2021), is inconsistent with the public policy of many other states, and likely will have an immediate effect on Delaware-based corporations involved in…
Client Alerts | March 15, 2021 | Commercial and Corporate Litigation | Risk Management
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