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July 31, 2023 | The American Lawyer

Rise of Private Credit Has Been a Boon to Big Law

The shift in market players has created "winners and losers," Debevoise's Jeff Ross.
5 minute read
July 28, 2023 | New York Law Journal

Attorneys 'On the Move': McGuireWoods Adds Fiduciary Litigation Partner; Real Estate Finance Partner Joins O'Melveny

And other announcements of recent hirings and promotions of New York attorneys.
4 minute read
July 26, 2023 | New York Law Journal

Meet City Hall's New Chief Counsel: Debevoise Litigation Partner Is Adams' Choice to Serve in Key Role

Currently a litigation partner at Debevoise & Plimpton, Zornberg will assume her new role in the Adams administration in August, following the departure of current City Hall Chief Counsel Brendan McGuire.
5 minute read
July 24, 2023 | New York Law Journal

The Defense Team that Showed Ripple's XRP Isn't 'In and Of Itself' a Security

The eyes of the cryptocurrency industry have been on the SEC's case with Debevoise and Kellogg Hansen representing Ripple Labs and Cleary and Paul Weiss representing company executives.
11 minute read
July 21, 2023 | Litigation Daily

Litigators of the Week: The Defense Team that Showed Ripple's XRP Isn't 'In and Of Itself' a Security

The eyes of the cryptocurrency industry have been on the SEC's case with Debevoise and Kellogg Hansen representing Ripple Labs and Cleary and Paul Weiss representing company executives.
11 minute read
July 20, 2023 | Litigation Daily

After Steep Pro Bono Hours Falloff in 2021, a Steady 2022

In what our friends at The American Lawyer called a "post-pandemic reset," average hours were flat in the latest Pro Bono Scorecard, after an earlier, precipitous drop from the time when lawyers filled their pandemic-stalled dockets with pro bono work.
5 minute read
July 19, 2023 | The American Lawyer

American Lawyer Industry Awards and Litigation Departments of the Year Finalists Announced

Finalists are named across categories including Best Firm of the Year, Managing Partner of the Year, Business Team of the Year, Young Lawyers of the Year and much more.
5 minute read
July 18, 2023 | The American Lawyer

Debevoise Adds Litigators in Bay Area in Strategy to Support Bicoastal Work

Using a strategic plan it calls "the matrix," Debevoise wants to provide a bicoastal support structure for clients. The firm is adding laterals from Skadden and boutique Clarence Dyer & Cohen to support that plan.
4 minute read
City of Warren Police & Fire Ret. Sys. v. Prudential Fin., Inc.
Publication Date: 2023-07-17
Practice Area: Securities Litigation
Industry: Insurance | Investments and Investment Advisory
Court: U.S. Court of Appeals for the Third Circuit
Judge: Judge Phipps
Attorneys:
For plaintiff: Joseph D. Daley, Robbins Geller Rudman & Dowd, San Diego, CA; Peter S. Pearlman, Cohn Lifland Pearlman Herrmann & Knopf, Saddle Brook, NJ; Daniel J. Pfefferbaum, Shawn A. Williams, Robbins Geller Rudman & Dowd, San Francisco, CA; Douglas Wilens, Robbins Geller Rudman & Dowd, Boca Raton, FL for appellant.
For defendant: David D. Cramer, Tricia B. O’Reilly, Walsh Pizzi O’Reilly & Falanga, Newark, NJ; Maeve L. O’Connor, Susan R. Gittes, Aasiya F.M. Glover, Debevoise & Plimpton, New York, NY for appellees.
Case number: 21-1147

Stockholder sufficiently alleged false or misleading corporate statements where life insurance company reported normal or slightly negative mortality experience only weeks prior to announcing massive increase in reserves, and stockholder had confidential internal information indicating the company had already been contemplating increasing reserves.

July 14, 2023 | National Law Journal

'Ripple' Effect: Long-Awaited Crypto Decision Seen as Reigniting Struggling Market 

"Regulation by enforcement has worked for them so far but now they have a decision against their main theories," said Winston & Strawn senior associate Thania Charmani.
5 minute read

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