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IN MEMORIAM: JIM COHEN

Kleinberg Kaplan Wolff & Cohen is deeply saddened to announce the passing of our founding partner, James “Jim” Cohen. Together with Fred Kleinberg, Myron Kaplan, and Norris Wolff, Jim founded our firm and helped build it into the institution it is today. His vision, dedication and unwavering commitment to excellence shaped the values and culture…

Firm News | August 27, 2026

Delaware’s First PBC Fiduciary Duty Ruling: What Drakes Landing Means for PBC Boards

Overview In 2013, Delaware amended its General Corporation Law (the “DGCL”) to create a new form of entity called the “public benefit corporation,” or “PBC.” The amendment responded to increasing demand for corporate structures that allow businesses to prioritize social responsibility alongside profit. PBCs are for-profit corporations permitted under the DGCL to pursue socially responsible…

Client Alerts | August 19, 2026 | Securities and Corporate Finance

Fifth Circuit Withdraws Favorable Sirius Self-Employment Tax Opinion and Issues an Unfavorable Opinion — Impact on Fund Managers

This alert briefly discusses the Fifth Circuit’s August 12, 2026 opinion in K Alain, L.L.L.P. v. Commissioner (the “Recent Opinion”). In the Recent Opinion, the Fifth Circuit withdrew its prior decision and issued a new decision generally affirming the IRS’s position in the case. The prior decision, which was favorable to the taxpayer, was issued in January…

Client Alerts | August 19, 2026 | Hedge Funds | Private Equity Funds

Kleinberg Kaplan Recognized in Chambers High Net Worth 2026

Premier boutique law firm Kleinberg Kaplan announced that it has earned its first-ever Band 1 ranking for the “Private Wealth Law: Mid-Market – New York” category in the 2026 edition of Chambers High Net Worth. As part of the editorial research process, Chambers spoke with industry leaders and clients who described the firm as having…

Firm News | July 23, 2026 | Estate Planning and Administration | Family Office | International Trusts & Estates Planning | Nonprofit and Tax-Exempt Organizations | Planning for Fund Managers | Planning for Business Succession | Tax Controversy

Prediction Markets and Insider Trading: Updating Your Company’s Insider Trading Policy

Overview Prediction markets have rapidly evolved from a niche product to a mainstream venue for trading event-based contracts tied to company-specific developments, elections, sports, government actions and economic data. These markets create a new channel for monetizing confidential information outside traditional securities trading. The core risk is that an employee who cannot lawfully trade securities…

Client Alerts | July 22, 2026 | Securities and Corporate Finance

Kleinberg Kaplan Represents Paulson in NovaGold Transaction to Acquire 100% of Donlin Gold

Kleinberg Kaplan represents Paulson Advisers LLC and its affiliates in a series of definitive agreements pursuant to which NovaGold Resources Inc. will acquire Paulson’s 40% ownership interest in Donlin Gold LLC in an all-share transaction, increasing NovaGold’s ownership interest in Donlin Gold from 60% to 100%, announced July 22, 2026. For more information, please refer…

Firm News | July 22, 2026 | Mergers & Acquisitions

Kleinberg Kaplan Recognized in Latest Edition of The Legal 500: United States

Premier boutique law firm Kleinberg Kaplan was once again recognized in the latest edition of The Legal 500: United States. Building on its established rankings in Hedge Funds and Investor Activism, the firm earned first‑time recognition for Real Estate and Litigation, a significant milestone that reflects the firm’s excellence across its practice areas. Clients praised the firm…

Firm News | June 18, 2026 | Hedge Funds | Investor Activism | Commercial and Corporate Litigation | Acquisitions and Sales | Development | Joint Venture

Kleinberg Kaplan Recognized in Chambers USA 2026

Firm ranked in Hedge Funds category; four partners individually honored New York, June 4, 2026  — Premier boutique law firm Kleinberg Kaplan announced that it has been recognized by Chambers USA 2026 as a leading firm. The firm was again included in the “Hedge Funds (USA – Nationwide)” category, and four Kleinberg Kaplan partners were…

Firm News | June 4, 2026 | Hedge Funds | Investor Activism

Claude Is Not An Attorney: The Heppner Ruling and the Risks of Using AI for Legal Matters

Federal judge Jed S. Rakoff of the United States District Court for the Southern District of New York recently ruled that thirty-one documents a criminal defendant generated using the consumer-tier version of Anthropic’s AI platform Claude were not protected by attorney-client privilege or the attorney work product doctrine, although the defendant had prepared them for…

Client Alerts | June 4, 2026 | Commercial and Corporate Litigation | Risk Management

Kleinberg Kaplan Welcomes Norris Nissim as Partner in the Private Funds & Investment Management Practice

NEW YORK – June 1, 2026 – Kleinberg Kaplan announced that Norris Nissim has joined the Firm as a partner in its Private Funds & Investment Management practice. His arrival — along with other recent senior additions — reflects Kleinberg Kaplan’s continued investment in building further depth and sophistication around the evolving needs of its…

Firm News | June 1, 2026 | Executive Compensation | Family Office | Hedge Funds | Investment Management | Private Capital | Special Situations and Credit | Securities and Corporate Finance