And the LOTW Runners Up...
Honorable mention goes to lawyers from Sidley Austin; Sullivan & Cromwell and Quinn Emanuel.
November 08, 2019 at 01:06 PM
2 minute read
Our runners up for Litigator of the Week include Kevin Fee, Scott Stein, Stephanie Hales and Naomi Igra of Sidley Austin. They teamed up with the American Immigration Lawyers Association, the Justice Action Center and the Innovation Law Lab to stop implementation of the Trump administration's attempt to ban immigrants based solely on their ability to obtain health insurance.
Presidential Proclamation No. 9945 would have required prospective immigrants to show that they'd be covered by "approved health insurance" within 30 days of entering the U.S., or that they had sufficient wealth to pay for "reasonably foreseeable medical costs."
The directive was slated to go into effect on Nov. 3, but on Nov. 2, the Sidley team convinced a federal judge in Oregon to issue a nationwide TRO enjoining the government from taking any action to implement the proclamation.
At Sullivan & Cromwell, Adam Paris won dismissal of a derivative suit in Delaware against seven directors of LendingClub Corp.—among them Lawrence Summers, the former Secretary of the U.S. Treasury and President of Harvard University, and venture capitalist Mary Meeker.
In the spring of 2016, a whistleblower claimed that the peer-to-peer lender had engaged in fraud by misrepresenting $23 million in loans that it sold to an investor and by falsifying loan documents. The claims led to a restatement of earnings and a major stock drop.
But Paris persuaded Vice-Chancellor Kathaleen McCormick that the directors had acted responsibly when they learned of the alleged wrongdoing. McCormick in dismissing the case called the plaintiffs' claims "exceptionally weak."
Kudos also to Claude Stern and Ryan Landes of Quinn Emanuel Urquhart & Sullivan. They represent autonomous driving technology start-up WeRide, which fired its CEO Jing Wang and VP of Hardware Engineering Kun Huang for alleged wrongdoing last year.
Both resurfaced in connection with a new company called AllRide that allegedly acquired funding and cutting-edge technology overnight.
Former CEO Wang denied he had any connection to the new venture. But Stern and Landes won a preliminary injunction, and a forensic search of Huang's laptop revealed Wang stood at the top of AllRide as its "leader" and "soul," according to Quinn Emanuel.
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