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Partners Jordan Hershman and Jason Frank recently won two key motions for client Freddie Mac in a securities class action pending in federal district court in New York. On Dec. 7, the U.S. District Court for the Southern District of New York denied in its entirety the plaintiffs’ motion to partially lift the discovery stay under the Private Securities Litigation Reform Act. The court also denied the plaintiffs’ motion to declare void non-participation clauses in Freddie Mac’s severance agreements. Hershman (pictured) discusses the significance of the court’s ruling..
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Continuing its strategic investment in global financial services capabilities in London and building on the momentum of its recent combination with McKee Nelson LLP, Bingham has added Sarah Smith, former co-head of Sidley Austin London’s international finance group, as a partner in the London office..
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The 2010 edition of Chambers UK recognized 10 Bingham lawyers and four practices in London, and Legal 500 highlighted six practices and four lawyers in its latest issue. Bingham lawyers and practices were ranked in the restructuring and insolvency; financial services: contentious regulatory; banking litigation; international arbitration; tax; hedge funds; and corporate M&A practice categories..
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Bingham honored two partners for their contributions to pro bono and community service during the firm’s annual Pro Bono Celebration. Bill Abrams received the John J. Curtin Jr. Public Service Award for his work on two death-row cases and other high-profile matters. Roger Joseph (pictured) received the first-ever Bingham Community Service Award for his fund-raising efforts on behalf of the Inner-City Scholarship Fund, work that has raised more than $1 million in the past 15 years and helped provide scholarships for Boston-area students to attend Catholic school..
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Uncertain economic conditions, evolving regulatory landscapes and global connectivity have redefined the ways businesses conduct themselves. Now more than ever, they look to a law firm that understands what they face today and will face tomorrow. In his 15th year as Bingham chairman and after 10 combinations, Jay Zimmerman discusses how Bingham has positioned itself for precisely these times. Specifically, he notes how the recent addition of McKee Nelson has further solidified Bingham’s strength in serving the financial services industry..
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Since the financial crisis began, M&A deals have become increasingly global and complex, with many foreign companies taking advantage of distressed investments. Bingham’s global platform has provided clients with the coordinated counsel required to handle these complex deals. A team of Bingham lawyers from seven offices on three continents represented Sumitomo Precision Products Co. Ltd. in its $56.5 million deal with Aviza Technology Inc., which closed Oct. 16..
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The financial meltdown of the past year could test long-established statutes on both sides of the Atlantic, according to Bingham financial restructuring lawyers featured in the most recent Debtwire Masterclass Cross-Border Restructuring video. The 20-minute video, the second installment in a series on cross-border restructuring issues, features commentary from members of Bingham’s global Financial Restructuring Group on the European Commission Regulation on Insolvency Proceedings and Chapter 15 of the U.S. Bankruptcy Code..