LBI Media Names New General Counsel After Emerging From Bankruptcy
Arya Towfighi takes over LBI's legal department after having served for more than a decade as an executive and in-house leader for rival media company Univision.
November 18, 2019 at 02:50 PM
4 minute read
The original version of this story was published on Corporate Counsel
A former executive and in-house leader for Univision Communications Inc. has taken the helm of the legal department at LBI Media Inc., a Spanish-language television and radio company that recently emerged from Chapter 11 bankruptcy.
Arya Towfighi was named general counsel of Burbank, California-based LBI on Monday, though he started the job Nov. 1. He succeeds Ashley Wilson, who was appointed GC in 2017.
Towfighi spent 13 years at Univision, where he served as senior vice president and associate general counsel in charge of the media company's litigation matters. He parted ways with Univision in 2017.
As LBI's top lawyer, Towfighi will oversee the company's nationwide legal affairs and act as chief legal officer for the firm's business operations in Atlanta, Burbank, Chicago, Dallas, Denver, Houston, Miami and New York.
Towfighi said in an interview Monday that LBI's new CEO Peter Markham and chief financial and operating officer Brian Kei "seem like media-savvy entertainment industry veterans who have a clear vision for where they want to take the company."
He added he hoped to bring his "own perspective to the table." Referring to his time at Univision, he said, "I certainly have ideas about what I thought worked well and what I thought perhaps did not work well. I would advance that perspective." He declined to go into further detail.
LBI is one of the largest producers of Spanish-language television content in the country, but Univision and Telemundo are the industry leaders.
LBI owns Empire Burbank Television Studios and the Estrella TV network, which is available to more than 40 million homes through national distribution agreements with AT&T, Spectrum and other major telecom firms. The company also develops and produces Spanish-language radio programs.
Towfighi is now responsible for all legal aspects of LBI's general corporate matters, employment issues, corporate governance and board matters, privacy and cybersecurity, intellectual property matters, corporate and finance transactions, and compliance.
His boss, Markham, said in a prepared statement that Towfighi's "extensive media experience and legal expertise will benefit our efforts to develop and expand our digital, multimedia and distribution properties."
In October, LBI announced it had hired Markham as CEO and eliminated more than $350 million in debt as part of a Chapter 11 reorganization plan. Weil, Gotshal & Manges served as the company's legal counsel during the process.
Markham said at the time that LBI had emerged from bankruptcy restructuring with a "strong financial foundation and significant flexibility to grow the business."
Towfighi most recently served as a partner at Hawxhurst Harris, a boutique litigation firm in Los Angeles. He represented stateside and international clients in the media, entertainment, banking and health care industries, according to his LinkedIn profile.
Between his stint at Hawxhurst and his departure from Univision, Towfighi spent two years as vice president and associate general counsel at TriNet, a human resources firm. He led a legal department with more than 20 employees in California, New York and South Carolina and oversaw internal and external company claims, litigation and privacy and data security.
Earlier in his career, Towfighi was an associate at Loeb & Loeb and, later, a partner at McDermott Will & Emery. He is a graduate of Pepperdine University School of Law and the University of Pennsylvania.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllContract Software Unicorn Ironclad Hires Former Pinterest Lawyer as GC
2 minute readFlorida-Based Law Firms Start to Lag, As New York Takes a Bigger Piece of Deals
3 minute readLaw Firms Mentioned
Trending Stories
- 1Big Law Media Law Attorneys Brace For Changes Under Trump and Carr’s FCC
- 2Will England Accept that Digital Assets Are ‘Property’?
- 3Congress and Courts Are Considering Litigation Financing: Is Disclosure Imminent?
- 4Bar Report — Nov. 25, 2024
- 5People in the News—Nov. 25, 2024—Eckert Seamans, Klehr Harrison
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250