Friedman Kaplan client, FlightSafety International Inc., a Berkshire Hathaway company, has formed a joint venture with TRU Simulation + Training Inc., a Textron Inc. (NYSE:TXT) company. The new company will provide training services for Textron Aviation‘s broad product line of business and general aviation aircraft. It will offer training for 48 aircraft models at 16 locations, using a fleet of 89 simulators. More

SDNY Chief Bankruptcy Judge Cecelia Morris has issued a decisive ruling in favor of Friedman Kaplan client the Manville Personal Injury Settlement Trust (the “Manville Trust”), resolving in the Manville Trust’s favor a series of legal questions arising from a claim made by Thorpe Insulation Company Asbestos Settlement Trust (the “Thorpe Trust”), seeking indemnification for millions of dollars in payments it had made to approximately 5,000 asbestos health claimants in California between 2010 and 2017. More

The U.S. Bankruptcy Court for the Southern District of New York has confirmed Nine West Holdings' Third Amended Joint Plan of Reorganization after nearly eleven highly contentious months of proceedings. Friedman Kaplan represented the indenture trustee for Nine West’s $250 million senior unsecured notes due in 2034. More

In the article, Ms. Beaumont discusses legislation that the Alternative Reference Rates Committee (ARRC) of the Federal Reserve Board of Governors and the Federal Reserve Bank of New York are considering asking the New York State Legislature to pass that would apply to certain types of existing or “legacy” contracts referencing Libor.  More

Friedman Kaplan litigation partner Anne Beaumont was quoted extensively in ACA Compliance Group's February 25, 2019 issue of ACA Insight in an article on investment advisory firms' need to prepare for the coming transition away from the LIBOR interest rate benchmark. More

2018 was a blockbuster year for the telecommunications industry. Sprint and long-time firm client T-Mobile agreed to merge; AT&T closed its deal for the acquisition of Time Warner Inc.; Disney acquired Fox; and Comcast acquired Sky – a transaction with which the firm was tangentially involved. More

Among the significant changes effectuated in 2018 to Federal Securities laws and regulations are amendments to existing regulations that (i) ease periodic reporting requirements for smaller public companies; (ii) allow public reporting companies to utilize an additional exemption for securities offerings; and (iii) expand private companies’ ability to issue stock, options or other securities under compensatory benefit plans. In addition, the Securities and Exchange Commission gave guidance on cyber-related disclosure issues and fraud. This article summarizes these changes and guidance. More