Firm News

  • U.S. District Judge Laura Taylor Swain of the Southern District of New York today issued a decision denying Solus Alternative Asset Management’s request for a preliminary injunction to block a refinancing by New Jersey-based home builder Hovnanian Enterprises, Inc. with new debt provided by FK client GSO Capital Partners, a credit-oriented alternative asset manager that is part of Blackstone Group. The case has been closely followed by the financial press and, as noted by the Wall Street Journal, has “riveted credit derivatives market participants.”  More

    Jan 29, 2018
  • Friedman Kaplan is proud to announce that Steven M. Pesner has joined the firm’s New York office as Senior Counsel. Steve represents major private equity and investment management funds, domestic and international entrepreneurs, and public and private companies in connection with solving complex litigation, corporate, securities, regulatory and other issues, including class actions, securities actions, bankruptcy issues, RICO claims, and other complex litigations, disclosure issues, FCPA issues, and regulatory issues. He also has significant experience in alternative dispute resolution, including arbitration and mediation. More

    Jan 8, 2018
  • Friedman Kaplan’s longstanding client, Sesame Workshop, along with International Rescue Committee, has been awarded the MacArthur Foundation’s 100&Change grant of $100 million towards their ongoing work educating refugee children displaced by violence and persecution in Syria and the Middle East. More

    Jan 5, 2018
  • Friedman Kaplan clients Wells Fargo Bank, N.A., in its capacity as indenture trustee, Wolverine Flagship Fund Trading Limited, 1992 MSF International Ltd., and 1992 Tactical Credit Master Fund, L.P. reached a settlement this week favorably resolving their claims. This includes claims brought by the holders of a majority of the outstanding convertible notes of Merrimack Pharmaceuticals, Inc., and claims brought by the indenture trustee. The case, captioned Wells Fargo Bank, N.A., et. al. v. Merrimack Pharmaceuticals, Inc., was set for trial next month in Delaware Chancery Court. More

    Oct 10, 2017

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