Pashman Stein Walder Hayden is pleased to announce that John W. Weiss has joined the firm’s Holmdel office as a Partner and Chair of the firm’s Bankruptcy, Restructuring and Creditors’ Rights practice, as of February 23, 2022.

“I am thrilled to welcome John to our firm,” said firm Chair and Managing Partner Michael S. Stein. “Establishing a bankruptcy and reorganization practice has been part of our strategic growth plan to provide comprehensive counsel to our clients. Having an Am Law 100 lawyer of John’s caliber leading the practice will enhance the quality of service we provide to our clients and add further depth to the firm.”

Weiss has more than 20 years of experience serving as a valued business partner to his clients across the country, providing strategic counsel in complex Chapter 11 bankruptcy proceedings and helping them navigate restructuring and bankruptcy transactions and litigation. He also has extensive national experience representing defendants in avoidance actions, as well as advising professional service firms (such as accounting firms, financial advisory firms, and investment banks) on bankruptcy retention and fee-related issues, including counseling such firms as to related policies and procedures, risk mitigation, and forms and documentation, and appearing in court on their behalf, when necessary.

“I am excited to join Pashman Stein and build a sophisticated bankruptcy and restructuring practice that provides the high-quality service our clients expect, but in a more cost-effective manner. I look forward to being part of a team known for its excellent litigation platform, advocacy and client service, and to collaborating across practice areas to support the needs of clients in all aspects of their businesses, including when faced with bankruptcy and restructuring issues” Weiss said.

Weiss earned his J.D. from the Pennsylvania State University and his B.A. from The Ohio State University. He is admitted to practice in New Jersey, New York, Pennsylvania, and Delaware.

About Pashman Stein Walder Hayden

Pashman Stein Walder Hayden is a multi-specialty law firm with a reputation for professional excellence. Headquartered in Hackensack, New Jersey with offices in Monmouth County, New Jersey and Westchester County, New York, the firm serves a diverse client base including Fortune 500 companies, emerging growth entities and entrepreneurial businesses, professional athletes, celebrity influencers, fashion models, law firms, judges, lawyers, governmental entities, non-profit organizations, and individuals. Recent honors include being named Law Firm of the Year-Finalist (2021) and, for the fourth year in a row, awarded Appellate Litigation Department of the Year (2021), by the New Jersey Law Journal; and named 2020 Pro Bono Law firm by the New Jersey State Bar Association. For more information, please visit www.pashmanstein.com.

“A group of bondholders is moving closer to formal legal action against Evergrande after the world’s most indebted property developer made a surprise disclosure that mystery lenders to one of its subsidiaries claimed more than $2bn in cash,” reports Joe Rennison in Financial Times.

“A group of distressed debt investors in the US and UK including Saba Capital, Redwood Capital Management and Ashmore met on Tuesday and directed lawyers to begin work on the legal analysis needed to decide whether to take action against Evergrande, according to people familiar with the talks.”

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“In the days following the invasion of Ukraine, we saw responses from a number of major law firms with business in Russia shut down their offices and withdraw from representations. But some firms didn’t make a clean break with Russian business, and some that did issued cagey statements that made the,” reports Joe Patrice in Above The Law.

“The page divides firm statements between firms no longer doing work in Russia — like MoFo and Gowling WLG — firms that have dropped Russian government-related entities — like DLA Piper, Norton Rose, and Hunton Andrews Kurth — and firms that are either silent or issued equivocal statements. Looking through the list of inconclusive.”

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“Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that it has named Jennifer Salinas as its new Senior Vice President and General Counsel, effective April 4, 2022. She will be based in the Cerence Burlington, Massachusetts headquarters and will report to Stefan Ortmanns, Cerence CEO,” reports Yahoo Finance in their blog.

“Ms. Salinas, who most recently served as General Counsel of the Infrastructure Solutions Group and Global Head of Litigation at Lenovo, is an experienced and progressive public company legal leader with an ideal combination of top-tier law firm training and senior in-house roles. She brings a stellar track record of advising management.”

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“Rhode Island’s attorney general on Monday announced settlements he valued at $107 million against the drug makers Teva Pharmaceutical Industries (TEVA.TA) and AbbVie’s (ABBV.N) Allergan unit to resolve claims over their roles in fueling an opioid epidemic in the state. Attorney General Peter,” reports Jonathan Stempel in Reuters.

“The settlements include $28.5 million in cash, plus the delivery to Rhode Island of anti-overdose treatments, 1 million Naloxone sprays and 67,000 bottles of Suboxone pills over 10 years. While no amount of money will ever be enough to undo the harm suffered by Rhode Islanders throughout the ongoing opioid epidemic, these additional.”

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“A more than $2 million settlement was unanimously approved to end Rochester’s yearlong lawsuit related to the city’s newest parking ramp. The Rochester City Council agreed to accept a $2,025,000 settlement Monday night. The agreement which remained confidential until the settlement was approved,” reports Randy Petersen in Post Bulletin.

“Kraus-Anderson Construction Co. and MEP Associates LLC to make payments to the city within 30 days. City Attorney Michael Spindler-Krage said the exact split of the payments remains confidential and unknown to city officials. Additionally, the agreement does not include an admission of liability by any of the companies involved.”

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“Almost all companies have policies and regulatory requirements that their employees have to adhere to. Going against these requirements can attract fines, lawsuits, reputational damage, penalties, or even criminal charges. It is important for companies to make sure there is corporate and regulatory compliance from all members of staff to ensure the smooth running of operations,” reports Jason Ruiz in ELearning Inside.

“Corporate compliance allows organizations to carry out their business processes safely and effectively while following the policies that were developed during the organization’s founding. On the other hand, regulatory compliance makes sure employees obey the laws and follow the regulations set out by government bodies for companies in the sector in which such business operates..”

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“Vivera Pharmaceuticals, Inc. today announced the appointment of leading corporate law firm, Byrd Campbell, P.A., to represent the Company in its defamation lawsuit against USA Today and its parent companies, Gannett Co., Inc. and Gannett Satellite Information Network, LLC (“Gannett”),” reports Vivera Pharmaceuticals in PR Newswire.

“The Settlement Class could have achieved at the time, the biopharmaceutical company’s investors said in a memo filed in support of their final settlement approval bid in the U.S. District Court for the District of Maryland. The settlement class covers everyone who acquired IGC’s publicly traded common stock from Sept. 26, 2018.”

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“The war in Ukraine is setting into motion the first global energy crisis of its kind, and nations around the world should respond by reducing their use of oil and gas, the leader of a key international organization warned on Friday. The International Energy Agency, which was formed in the wake,” reports Catrin Einhorn in The New York Times.

“The oil crisis to ensure a stable worldwide energy market, said that the repercussions of Russia’s invasion of Ukraine were likely to intensify over the next several months as summer driving season got underway with inventories at historic lows. Reducing demand is a way of addressing the situation without just pumping more oil.”

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“Last season, Jaguars fans mocked GM Trent Baalke by wearing clown wigs to games. Now, he’s attempting to buy their loyalty with a massive spending spree. By Tuesday morning, Baalke had reportedly given out three of the five most lucrative contracts in 2022 NFL free agency. Suddenly, with a,” reports Doug Greenberg in Front Office Sports.

“Franchise QB in Trevor Lawrence and the first pick in the draft, last season’s league-worst 3-14 team can possibly win now but the new signings’ questionable production and injury histories raise some red flags. WR Christian Kirk: 3 YR, $72M the sixth-most total money among WRs, third-most ($84M) with incentives. He has zero Pro Bowls.”

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“The legal tampering period of NFL free agency began Monday and, unlike last year, the New England Patriots were mostly quiet. Aside from re-signing special teams ace Matthew Slater, the Patriots didn’t bring back or add any notable players on the free agent market. They actually lost a couple key players,” reports Nick Goss in NBC Sports.

“They actually lost a couple key players, including star cornerback J.C. Jackson agreeing to join the Los Angeles Chargers and offensive lineman Ted Karras agreeing to join the Cincinnati Bengals. Jackson’s deal is for five years and $82.5 million, including $40 million guaranteed. All contracts cannot be made official until the new league.”

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“Barcelona are concerned about the direction taken by two contract renewals they are aiming to complete – Ronald Araujo and Gavi. Negotiations have been in progress for months, but there is no financial agreement. The two players want to stay at Camp Nou, but they are upset because they cannot see,” reports M. Carmen Torres in Marca.

“Any coherence in the financial commitment that the club is asking of them and the offers made to the players they intend to sign for the next season, namely Christensen, Kessies and Mazraoui. Barcelona hope that Ronald Araujo and Gavi, both of whom have contracts expiring in June 2023, will stay at the club. But they are beginning to.”

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“Rankings season is upon us, and many publications are rolling out their best offerings for readers’ perusal in advance of the release of the 2023 U.S. News & World Report Law School Rankings. For more than a decade, Law.com has published a list of the best law schools to go to if you want to,” reports Staci Zaretsky in Above The Law.

“Work in Biglaw after graduation. Law.com refers to these institutions of higher education as the go-to law schools, and this year, they’re ranked by the percentage of 2021 graduates who took associate positions at the 100 largest law firms based on attorney head count. Before we get to the list of the go-to law schools, it’s worthwhile to speak about.”

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“Christine Flores, Pinterest’s general counsel and corporate secretary, has informed the company that she plans to leave, effective October 1. In an SEC filing announcing the move, Pinterest states that Flores’ departure is not due to any disagreement with the company. The company thanks Ms Flores,” reports Ben Maiden in Corporate Secratary.

“Many contributions and wishes her the best in her future endeavors, the filing states. The company will initiate a search for Ms Flores replacement and Ms Flores is working with the company to help identify her replacement and ensure an orderly transition. Flores joined Pinterest in 2017, two years before the company went public.”

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“Long Beach could receive up to $7.5 million in a class action settlement with Monsanto from a lawsuit filed against the chemical maker alleging its products polluted the city’s bodies of water. The city announced the preliminary agreement Friday afternoon, but it could still be months or longer before,” reports Jason Ruiz in Long Beach Post.

“The settlement is formally approved and money is distributed to the suing parties. The settlement is with Monsanto and subsidiaries of Pfizer and Eastman Chemical over allegations that their products have polluted various cities over the past 70 years. Long Beach was joined by 12 other plaintiff municipalities including Oakland San Jose.”

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“Interactive Brokers’ former chief compliance officer has been banned from the industry for two months by the Financial Industry Regulatory Authority (Finra) and handed a $25,000 fine for failing to properly oversee the international broker-dealer’s anti-money laundering program,” reports Daniel Gil in CityWire.

“The industry watchdog said that between January 2013 and August 2018, Arnold J. Feist failed in his duty to run an efficient program to combat money laundering at Interactive Brokers.”

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“The associate salary party is far from over. While the market has seemingly settled on a standard compensation grid for associates, we now play the much longer tail game of which firms will match. And think about it with at least 200 firms earning the moniker Biglaw and a wave of elite boutiques also,” reports Kathryn Rubino in Above The Law.

“Well, there’s now another Biglaw firm shelling out the big bucks for associates. Mintz a firm that brought in $502,100,000 gross revenue in 2020, ranking it at No. 79 in the Am Law 100 has decided to up associates salaries. They’ll be matching the market standard set by Cravath. While most firms have backdated the raises to January 1.”

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“Whataburger has hired Elena Kraus as its new Executive Vice President and Chief Legal Officer. Kraus is a seasoned executive with more than 30 years of in-house legal experience at Walgreens Boots Alliance, the parent company of Walgreen Co. and the nation’s second largest retail pharmacy chain. For the,” reports PR Newswire in their blog.

“During her tenure at Walgreens, Kraus oversaw the strategy and delivery of legal services to the organization during a time of innovation and record expansion. She built and led the high performing Walgreens legal team, promoted key initiatives such as the Walgreens Legal Pro Bono program and mentored rising talent across the organization.”

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“Attorney General William Tong and Consumer Protection Commissioner Michelle H. Seagull filed a $5 million stipulation judgment against Safe Home Security and its president David Roman after the city-based company repeatedly failed over many years to comply with court-ordered,” reports The Middletown Press in their blog.

“The new judgment stipulation filed March 8 represents a settlement between the state and Safe Home to resolve claims brought by the state in its motion for contempt, Tong said in the news release. Families turned to Safe Home Security to safeguard their homes, and the company failed them, Tong said in a prepared statement. We have.”

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“Globalization Capital Inc. investors who say the company misled them about plans for a sugar-free cannabis drink asked a federal judge in Maryland for final approval of their $1 million settlement. The cash deal followed more than a year of negotiations and represents the highest settlement amount,” reports Jennifer Bennett in Bloomberg Law.

“The Settlement Class could have achieved at the time, the biopharmaceutical company’s investors said in a memo filed in support of their final settlement approval bid in the U.S. District Court for the District of Maryland. The settlement class covers everyone who acquired IGC’s publicly traded common stock from Sept. 26, 2018.”

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