Olshan Law News

News

December 31, 2007
Rosenzweig Published by Securities Regulation Law Journal
Victor M. Rosenzweig is a Contributing Editor and a Member of the Advisory Board of Securities Regulation Law Journal. His quarterly survey of SEC Rulemaking and Major Appellate Decisions was published in the Winter 2007 edition of the Journal.

December 31, 2007
Salkin Authors Articles Addressing Employee Benefits Matters
Barry L. Salkin recently authored two articles addressing matters in the realm of employee benefits. "Addressing the Tip Tax in the CSA with Restaurant Clients" (December 2007 issue of PEO Insider) focuses on tips in the restaurant industry and "The Impact of PEO Arrangements on Business Credits, Deductions, and Other Business Benefits" (NAPEO Legal Review, December 2007) discusses potential difficulties for small businesses using a PEO.

December 1, 2007
Frome Quoted in The Deal Maker's Journal on Recent M+A Deals
Robert L. Frome was quoted in an article (subscription required) published in the December issue of Mergers & Acquisitions: The Deal Maker's Journal discussing mixed results of several recent M&A deals.

November 13, 2007
Herzberg Lectures at Recruiting Conference
Aliza F. Herzberg lectured at the Recruiting 2007 Conference and Expo which was held in Orlando, FL. She discussed the practice of "lawful recruiting" and how to avoid liability in her session, "Recruiting and The Law: Avoiding Risk During the Hiring Process."

November 1, 2007
Herzberg Quoted in Workforce Strategies Article
Aliza F. Herzberg was quoted in an article in Workforce Strategies published by The Bureau of National Affairs, Inc., "Noncompetition Agreements: Protecting Proprietary Information With Enforceable Restrictive Covenants."

October 25, 2007
Baron's Reports on IKON Investment
Barron's reported on the investments by Olshan's client Steel Partners in IKON Office Solutions. Olshan represented Steel in the negotiation of a confidentiality agreement intended to allow Steel and IKON to review the feasibility of a recapitalization. The article also discussed Steel's involvement with Bairnco and Stratos International which were also handled by Olshan. Steve Wolosky and Ron S. Berenblat represent Steel in the IKON matter.

October 25, 2007
Wolosky Obtains Kensey Nash Board Seat for Ramius
Kensey Nash Corporation announced that it has reached agreement with Ramius Capital Group, L.L.C. regarding Board seats for Ramius. Steve Wolosky, Andrew M. Freedman and Jason W. Soncini represent Ramius in the Kensey matter.

October 24, 2007
Roket Represents JEMB in Refinancing
GlobeSt.com reported that JEMB Realty had refinanced Herald Towers, the trio of 25-story towers at 50 West 34th Street, for $250 million. Nina Roket represented JEMB in the deal.

October 23, 2007
Wall Street Journal Highlights Ramius Proxy Contest for Luby's
Ramius Capital's proxy contest to appoint four board members to Luby's restaurant chain was highlighted in a Wall Street Journal article (subscription required) today. Steve Wolosky, Yehuda Markovits and Andrew M. Freedman represent Ramius in the Luby's matter.

October 11, 2007
Kearns Presents Real Estate Workshop for State Bar
Thomas D. Kearns will be presenting the Real Estate for Corporate Counsel workshop for the New York State Bar Association's Corporate Counsel Institute on October 11-12, 2007.

October 3, 2007
Herzberg Interviewed on NY Knicks Verdict
Aliza F. Herzberg was interviewed extensively by several media outlets after the verdict of the sexual harassment and retaliatory termination case involving the New York Knicks and Madison Square Garden was announced. She appeared on CNBC's Street Signs, NPR Morning Edition and was also quoted by the New York Daily News.

September 30, 2007
Salkin Article Published in Practical Tax Strategies
The September 2007 issue of Practical Tax Strategies included an article by Barry L. Salkin, of counsel in the Employee Benefits group, entitled "Deferred Compensation - Final Regs. are Highly Detailed (Part II)" which discusses complex issues in designing flexible nonqualified deferred compensation arrangements that achieve tax deferral under Section 409A.

September 24, 2007
Olshan "Super Lawyers"
Steve Wolosky, Samuel P. Ross, Victor M. Rosenzweig, Thomas D. Kearns, Eric L. Goldberg, Warren R. Gleicher, Robert L. Frome, Michael S. Fox and Thomas J. Fleming have been selected by Super Lawyers® for 2007. The announcement was in a special supplement to The New York Times on September 21, 2007 and in New York Super Lawyers Magazine. (See our advertisement.) The designation was made after independent research and is limited to leading New York lawyers.

September 21, 2007
Everlast Closes $185 Million Merger
Olshan's client, Everlast Worldwide, Inc., announced today that it closed a $185 million merger with Brands Holdings Limited. Robert H. Friedman, Kenneth S. Schlesinger, Jason S. Saltsberg and Denise Wahba served as counsel to Everlast Worldwide, Inc. on the corporate side. Important contributions were also made by Nina Krauthamer, Manes M. Merrit, Aliza F. Herzberg and Hyman Kindler.

September 5, 2007
Ross Sells 295 Madison Avenue for Korein Family
Today's New York Law Journal headlined the sale by the Korein family of 295 Madison Avenue to the Moinian Group. Samuel P. Ross and Warren R. Gleicher of Olshan represented the Korein family.

September 1, 2007
Olshan Welcomes First Year Class
We are pleased to announce our first year associate class that joined us in September: Jesse A. Hofrichter, Benjamin N. Cardozo School of Law; Amanda S. Lamson, Georgetown University Law Center; Ryan S. Replogle, Washington University School of Law; Erik D. Syvertsen, Benjamin N. Cardozo School of Law; Renee Zaytsev, Georgetown University Law Center.

September 1, 2007
Salkin Article Published in PEO Insider
The September 2007 issue of PEO Insider included an article by Barry L. Salkin, of counsel in the Employee Benefits group, entitled "Can Partners and 2 Percent Shareholders in S Corporations Participate in PEO 125 Plans?" which discusses professional employer organizations (PEOs) and eligibility of participation in cafeteria plans set under Code Section 125.

August 31, 2007
Gleicher Drafts Will with Successful In Terrorem Clause
Today's New York Law Journal reported a Kings County Surrogate's Court order enforcing provisions in the Will of a late Olshan client that prohibited the Will's beneficiaries from contesting the Will in any way on pain of disinheritance. Judicial opinions on in terrorem clauses are rare. The Will's beneficiaries engaged in discovery outside the statutory protections that allow a beneficiary to undertake a limited investigation of a Will's validity without triggering its in terrorem clause. The Court upheld Olshan's Will and revoked the client's bequest to that beneficiary. Olshan partner Warren R. Gleicher drafted the Will at issue, including the in terrorem clauses, and Olshan associate Jack M. Kint, Jr. represented the executrix on her petition to enforce those clauses.

July 19, 2007
$60 Million Refinancing for 150 Broadway
GlobeSt.com recently reported that JEMB Realty had refinanced 150 Broadway, a 250,000 square foot, 23-story office tower, for $60 million. Nina Roket represented JEMB in the deal.

July 18, 2007
$112 Million Sale of SoHo Office Building
The New York Law Journal (subscription required) reported on the sale by a joint venture of Kaufman Organization principals George Kaufman and Bob Savitt and private equity real estate firm KBS Real Estate Advisors to Waterman Interests of 130 Prince Street, an office and retail building in Manhattan's SoHo district, for $112 million. The transaction was also reported in The Real Deal. Thomas D. Kearns of Olshan represented the seller.

May 23, 2007
Reuters Reports on Steel Japan Deals
Reuters reported extensively on the investments in Japan by Olshan's client Steel Partners Japan. Olshan represented SPJ on the tender offers for Japanese circular saw maker, Tenryu Saw Manufacturing Co. Ltd., and sauce maker Bull-Dog Sauce Co. Ltd., as well as with respect to SPJ's other Japanese investments. Steve Wolosky, Kenneth M. Silverman, Ron S. Berenblat and Johnathan Duncan represented Steel in the tender offers.

May 8, 2007
Goldberg Acquires Building for Museum
The New York Observer reported today on the purchase by The Lower East Side Tenement Museum of a five-story building located in lower Manhattan for $7,000,000. The Museum will use the building to expand its exhibitions of urban immigrant history. The Museum hosts tours of restored apartments that were once the homes of urban working class and poor immigrants in the United States during the 19th and 20th centuries. Real estate partner Eric L. Goldberg and associate Karline N. Wilson represented the Museum pro bono in the acquisition of the property.

May 4, 2007
Financial Times Covers Steel Japan Deals
An article in The Financial Times (subscription required) featured Steel Partners as one of the better known activist investor currently in business in Japan. After originally setting up a Japan-focused fund in 2002, the hedge fund has invested in various companies ranging from Aderans, maker of hair restoration products to Yushiro Chemical, which makes industrial lubricants. The Olshan team that represents Steel Partners includes Steve Wolosky, Kenneth M. Silverman and Andrew M. Freedman.

April 29, 2007
Times Reports on Investment by Western
The Fair Game column on the first page of the April 29, 2007 New York Times' Sunday Business Section highlighted the work done by Olshan on behalf of Western Investment LLC, a shareholder in two Neuberger Berman closed end funds. By actively enforcing shareholder rights, Olshan's lawyers were able to help Western increase the dividend the funds were paying, thereby increasing value for all shareholders. Steve Wolosky, Adam W. Finerman and Jason W. Soncini represented Western.

April 16, 2007
Crain's Covers Columbus Circle Lease
The Real Estate section of Crain's New York Business (subscription required) recently reported that Columbus Circle Liquor Store Inc. had signed a new 3,000 square foot lease with Omnispective at 1802 Broadway, between West 58th Street and Columbus Circle. Samuel P. Ross represented the landlord in this matter.

March 6, 2007
Post Reports on Olshan Office Building Developments
The New York Post headlined two office building developments in Manhattan where Olshan real estate lawyers represented key players in the development. Thomas D. Kearns, Eric L. Goldberg, Hyman Kindler and Martin S. Cooper represented the joint venture between Boston Properties and Robert Gladstone in the acquisition of the assemblage at 8th Avenue and 54/55th Streets in Manhattan and Samuel P. Ross represented the seller of one of the parcels to a joint venture of Related and Boston Properties in the assemblage at 8th Avenue and 45/46th Streets.

February 22, 2007
NY Sun Highlights Olshan Real Estate Deals
Today's New York Sun ran an article by Michael Stoler on the resurgence of the Columbus Circle area in Manhattan. No fewer than four deals handled by Olshan's Real Estate lawyers were discussed: The Sheffield, where we represented the joint venture in the purchase of the Sheffield and in the sale of the retail portion to Hearst Communications; the office building assemblage on 8th Avenue and 54th Street where we represented a joint venture of Boston Properties and Madison Equities in the purchase of the various sites and the sale of 220 Central Park South where we represented the seller to Clarett. Eric L. Goldberg, Thomas D. Kearns, Samuel P. Ross and Hyman Kindler all had leading roles in the various transactions.

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