W E â€™ R E
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C O N N E C T E D
L O E B
L O E B
Each of us has a different story.
At Loeb & Loeb, our story began in 1909. Even then, we were known as an innovator, connecting people, ideas and opportunities. Ahead of the times in our approach to legal services. While others were just watching the profound changes in the way people connect, we’ve always been in the thick of things. This is something about us that hasn’t changed in over a century. Today, we’re still all about people and our connections to each other. The following stories are wonderful examples of some of the ways we’ve been connecting recently within our firm and with our clients. They describe how we’ve been helping clients advance the world and bring people closer together. Perhaps your story is part of our story, too. Or maybe one day it will be. This is truly a collaborative world. Embrace it. We’re all connected.
Drug Launch Dash
C RYSTA L ST RU C T U R E O F P C S K 9
This story may be one for the medical textbooks.
For starters, Regeneron is one of the world’s most exciting
Antman, president of the American Heart Association, it’s
biopharmaceutical companies. Praluent® (also known as
a “powerful new way of lowering the bad form of cholesterol,
alirocumab) is a first-in-class drug. And Loeb & Loeb came
and that has profound implications in dealing with the
along at just the right time to help build a sampling program
burden of vascular disease.”
to assist in bringing it to market.
Regeneron, known for innovative research and development
Arguably the biggest drug launch of 2015, Praluent is an
and impressive growth, tapped Loeb & Loeb’s FDA Regulatory
alternative cholesterol-lowering medication for patients who
and Compliance Practice for the design and rollout of a
have an inherited condition that causes LDL (the bad form of
commercialization and sample distribution plan for Praluent.
cholesterol) or who have had atherosclerotic heart problems
With FDA approval expected in a matter of months and
and are not at goal with their statin.
unprecedented product demand on the horizon, Loeb &
Why is Praluent a game changer? It’s the first in a new class
Loeb’s team knew they had to act fast.
of drugs called PCSK9 inhibitors. It works by making the liver
We were tasked with making sure samples of Praluent were
efficient at getting rid of LDL. And, according to Dr. Elliott
available immediately following approval.
Loeb & Loeb’s attorneys were involved from beginning to end and with everything in between. We drafted product sample distribution policies, standard operating procedures and forms for use by pharmaceutical sales reps with thousands of requesting prescribers, and within weeks operationalized a program that would normally take months to launch. Our team also handled nationwide sales force training. Remarkably, final approval for Praluent occurred on a Friday, the product was available the following Monday, and product delivery began on Tuesday. Thanks in part to Loeb & Loeb, patients were able to access this new drug as fast as they could say “lower my LDL.”
Thanks in part to Loeb & Loeb, patients were able to access this new drug as fast as they could say “lower my LDL.” 8
DRUG L AUNCH DASH
A New City Rises
Let’s start with an impressive fact: Manhattan’s Hudson Yards is the largest private real estate development in U.S. history.
When completed, the development will include over
office tower, requiring coordination to ensure the separately
17 million gross square feet of new space, including office,
financed but interdependent buildings could each be
retail, residential, hotel, school and cultural uses.
completed as if no connectivity existed. The many relevant
The 28-acre megaproject is being built over the Long Island Rail Road’s working rail yards. To accomplish this, two
parties structured and negotiated a co-construction agreement to address these unusual issues.
massive steel and concrete platforms are being erected to
In addition, lawyers from Loeb & Loeb’s energy and real
cover the active rail lines and form the foundation for much
estate groups worked closely with the developer and its
of the development.
counsel to solve some interesting power issues presented by
Acting on behalf of longtime client Deutsche Bank, a team of
real estate and financing attorneys from Loeb & Loeb played
We remained undaunted by the complexities as we worked
an active role in bringing this spectacular project to life.
with an exceptional team at Deutsche Bank as well as the
We represented Deutsche Bank as agent and lender in the Eastern Rail Yards platform construction loan and in the
developer and nine other major law firms over a three-year period to reach the most recent closing.
$1.5 billion construction financing for the retail center
Walk along the High Line or drive by on the West Side
anchored by Neiman Marcus.
Highway and you can watch this new city rising above the
What were the challenges?
rail yards. It’s exciting to see, and we’re proud to be involved with this amazing development.
Construction of the 1 million-square-foot retail space overlaps with the development of Hudson Yards’ largest
Our Connected World
Through the “Internet of Things,” we’ve seen technology leaping off our screens and into our everyday lives. Cars, appliances, sports gear, clothing, fitness trackers and objects of all types are connected, sending and receiving information, transforming how we live, work and consume.
Companies are creating platforms that bridge what we
advantage of satellite and weather data to spot the best
do at home, in the workplace, in stores, in cars and online,
places to fish.
anywhere and everywhere.
Tone developed a mobile app called mFish. It connects
At Loeb & Loeb, we’re dedicated to helping businesses and
fishermen to one another. And it connects them to vital real-
individuals leverage our connected world.
time information about weather, ocean conditions, market
Let’s start with Toyota – a leader in connected and environmentally advanced vehicle technologies. Loeb & Loeb is advising the automaker as it participates in the U.S. Department of Transportation’s Connected Vehicle
prices and GPS navigation. This program will be expanded to include community action programs which also serve women’s empowerment, sustainable farming and education in multiple countries.
Program, evaluating vehicle-to-vehicle and vehicle-to-
Loeb & Loeb was involved from idea through launch. We
infrastructure communications and integration.
helped Tone secure funding, negotiate with local Internet
In a more remote part of the world, we’ve helped a mobile
service providers and obtain patents.
communications company called Tone launch a pilot
Now let’s look at the rapid rise in connected commerce.
program that enables rural Indonesian fishermen to take
Our attorneys have counseled leading financial institutions
at the forefront of innovative new mobile and digital
In unique and exciting ways, our clients are working to
payment solutions – everything from the integration of Apple
increase connectivity across the globe. This exchange of
Pay and other wireless payment options to the launch of
information is helping empower individuals, grow businesses,
customized digital wallets.
sustain natural resources and transform lives. The results are
We’ve helped structure first-of-their-kind technology
exciting to experience. We’re proud to be their partner.
partnerships and associated branding and data sharing
So is it love or connectivity that makes the world go round?
agreements that are transforming the retail experience as
You decide. But one thing we can say for sure: At Loeb & Loeb,
we know it.
we truly love the role we get to play in helping our clients advance the world through connectivity.
OUR CONNECTED WORLD
This exchange of information is helping empower individuals, grow businesses, sustain natural resources and transform lives. The results are exciting to experience.
While the global market for solar energy continues to boom, developers of small-scale solar projects have been feeling the credit squeeze.
Transaction costs in solar financing turn smaller distributed
Loeb & Loeb has played a major role helping Open Energy
generation projects into unattractive investments – at least
streamline its process and systems in order to make the
for traditional bank lenders.
model cost-effective. We believe in Open Energy’s innovative
That’s the reason for New York-based startup Open Energy Group. A pioneering solar debt financing service, Open Energy focuses on providing liquidity for small-scale solar
service. And we’re assisting in creating the contractual and procedural uniformity that will help the company reach its vast growth potential and meet market demand.
projects. The savvy founders saw the need and developed
In the energy finance arena, Loeb & Loeb pairs an in-depth
a revolutionary tech-enabled financing solution for an
understanding of the industry with our established
reputation as a global leader in crafting successful capital
Open Energy’s online peer-to-peer lending platform bypasses
structures for borrowers and lenders.
traditional banks to get investor dollars directly into qualified
So far, our work with Open Energy has resulted in the
solar projects. The company launched a new web portal that
financing of multiple portfolios of operated distributed
permits developers to apply for financing, compare forecasts
generation solar projects across the country. And we’re just
and terms, and close on a loan within 30 days.
The business model looks to support commercial and
With help from the Open Energy/Loeb & Loeb partnership,
industrial projects sized between 250 kilowatts and five
the outlook for solar project financing gets sunnier every day.
megawatts, providing previously unheard-of small loans from $500,000 to $5 million. The key to success is volume.
Next Wave Investing
Allen DeBevoise really knows digital media.
Three decades and an amazing track record. Investment –
We’re partnering with Third Wave to help deploy its
and involvement – in more than 70 digital media companies.
Co-founder of pivotal digital media brands like Machinima, StyleHaul, DanceOn, INDMusic, MiTu and Tubular Labs – and a board member for many others.
So far, we’ve worked on roughly a dozen investments for the fund. The firm handled Third Wave’s coinvestment with the Walt Disney Co. in Narativ, the influencer marketing
Allen chose Loeb & Loeb to help him launch his latest project –
network that helps turn popular Snapchat users into content
venture capital fund Third Wave Digital – because we know
marketers for top consumer brands. We also represented
digital media, too.
Third Wave in its investment in FameBit, the self-service
Third Wave Digital provides seed and early-stage capital investments to innovative digital media startups. While the
digital marketplace that helps brands collaborate with influencers across YouTube and other social platforms.
fund is still in its infancy, it’s investing at warp speed – two
In addition to our work with Third Wave Digital, Loeb & Loeb’s
deals per month on average.
attorneys have met Allen across the negotiation table. We
What is Third Wave investing in? Multichannel networks, new video platforms, virtual reality, mobile-video convergence and influencer-driven advertising – sectors that are driving the “next wave” of business and innovation in media, marketing and entertainment. Loeb & Loeb has operated in this same sweet spot for more than a century – with roots in entertainment and a reputation for negotiating a number of defining transactions throughout the convergence of technology and content.
provided buy-side M&A counsel for European entertainment network RTL Group in its acquisition of a controlling stake in multichannel network StyleHaul, a company Allen cofounded and invested in. Deal after deal, we’ve seen firsthand Allen DeBevoise’s profound influence on our changing media landscape. He’s not only riding the digital wave of the future, but also helping direct its course. At Loeb & Loeb, we’re thrilled to be a part of his team.
Allen knew we were a natural partner to help in the Third Wave fund formation. We also work with him to structure deals with limited partners and advise on regulatory matters.
The Gift of Art
It’s hard to part with valuable art you love. But the philanthropic benefits of a sale can be worth it, especially if the cause is close to your heart.
This is how Audrey Irmas felt. A noted philanthropist and one of the most prominent art collectors in the United States, Audrey (and her late husband, Sydney) has been a generous donor to a variety of Jewish causes, major art museums, educational institutions, and health and human services efforts. A longtime congregant of the Wilshire Boulevard Temple in Los Angeles, Audrey learned of the temple’s dynamic vision for a new events center next door to its historic synagogue. The proposed building was designed by noted Dutch architect Rem Koolhaas. Audrey loved the plans and was inspired by the vibrant community gathering place they promised. So she came to Loeb & Loeb for help in making this vision a reality with a gift of art. Audrey decided to part with one of her treasured pieces, Cy Twombly’s “Untitled, 1968 (New York City)” – a magnificent and nearly eight-foot-wide painting from the artist’s “blackboard” series. A team of Loeb & Loeb’s nationally recognized estate planning, charitable giving and fine arts practitioners came together to orchestrate the transaction. We structured a gift and sale of the work to help create the grand public space and architectural masterpiece the temple envisioned.
The painting was first donated to Audrey’s private foundation, the Audrey Irmas Foundation for Social Justice. The foundation pledged a $30 million gift to the temple. Loeb & Loeb’s team then handled all arrangements with Sotheby’s for the auction, including negotiating extraordinary financial terms, premier advertising, catalog placement and marketing for the Twombly canvas. It ultimately fetched an artist auction record of $70.5 million. After fulfilling Audrey’s $30 million pledge to the Wilshire Boulevard Temple, the entire balance of the proceeds of the sale will be used toward projects sponsored by the Audrey Irmas Foundation for Social Justice. The foundation has funded a school and an orphanage in Africa, among many other educational, health care and charitable endeavors. At Loeb & Loeb, we worked with Audrey Irmas to creatively structure this complex transaction in the most tax-efficient manner possible, ensuring she could do the most good with this wonderful work of art. We’re proud to have played a part in this generous gift.
THE GIFT OF ART
F U T U R E P L A N O F T H E A U D R E Y I R M A S PAV I L I O N
A team of Loeb & Loebâ€™s nationally recognized estate planning, charitable giving and fine arts practitioners came together to orchestrate the transaction. We structured a gift and sale of the work to help create the grand public space and architectural masterpiece the temple envisioned.
Itâ€™s All Relative
But no matter how you look at it, Relativity Media’s bankruptcy was the biggest Chapter 11 filing in the entertainment industry in many years.
The company’s highly publicized crisis sent shock waves throughout the entertainment community. Loeb & Loeb has the largest and most diversified entertainment practice in the nation. So it was no surprise that many of our clients’ business interests were likely to be impacted significantly by Relativity’s bankruptcy. In the weeks leading up to the filing, our Los Angeles-based attorneys were flooded with calls from clients, as well as from companies that knew of our reputation in the industry, seeking advice regarding the issues that could arise from a filing. Our entertainment and bankruptcy attorneys quickly began to analyze the potential consequences of such a filing and to determine how best to protect the interests of as many of our clients and other parties as possible. Beverly Hills-based Relativity filed for bankruptcy protection in New York, not Los Angeles, on a Thursday in late July. The first day hearing, a crucial event in every case, was scheduled for the following day in Manhattan. Our New York bankruptcy department became involved immediately, ensuring our presence at that hearing and every subsequent hearing. Our ability to react and be in court on such short notice gave our Los Angeles clients significant comfort at the tumultuous outset of the case.
In the months of contentious proceedings that followed, we acted on behalf of different creditors and financial institutions. Our deep bench in both the entertainment and bankruptcy areas enabled us to provide individualized guidance through the serpentine bankruptcy process to multiple clients simultaneously. Loeb & Loebâ€™s bicoastal, cross-practice team brought together a thorough understanding of Relativityâ€™s complex capital structure, familiarity with the unique issues which derive from the special treatment of intellectual property in bankruptcy, and extensive workout experience. With this unique set of strengths, we have been perfectly positioned to advise our clients on what strategies to pursue and to provide rigorous enforcement of their rights. While the case is not yet over, and the success of the bankruptcy and reorganization is not yet known, we are confident we have secured a result for each of our clients successfully mitigating the negative impacts that inevitably result from being unintentionally entangled in a large and
Our entertainment and bankruptcy attorneys quickly began to analyze the potential consequences
of such a filing and to determine how best to protect the interests of as many of our clients and other parties as possible. 26
I T â€™ S A L L R E L AT I V E
Protecting the Innovators
In the $600 billion global pharmaceutical industry, innovation is paramount.
For Loeb & Loeb, protecting life sciences innovators through
It’s no secret that Loeb & Loeb serves as trusted patent
U.S. and international patent litigation and strategic IP
counsel to some of the world’s largest and most successful
counsel is just as key.
life sciences leaders. What’s lesser known is how active we
Take Switzerland-based Roche, for example, the world’s
are in representing early-stage innovators within the industry.
largest biotech company. For years, Loeb & Loeb has helped
Through close collaboration with our regulatory, corporate
this global health care leader safeguard its most valuable
and capital markets teams – which are helping many young
assets – its patents.
pharma, biotech and medical device companies obtain
We’ve advised Roche in complex litigations against several generic drugmakers seeking to sell “at risk” copycat alternatives to Roche’s breakthrough treatments. We also
critical financing and FDA product approvals – Loeb & Loeb’s patent attorneys help clients build and strengthen their IP portfolios before trouble occurs.
provide IP strategy and due diligence in the licensing and
Prudent, early IP counsel is our prescription for life sciences
acquisition of pioneering drug products – most recently
companies at all stages of development.
in Roche’s $8.3 billion strategic acquisition of InterMune, creator of an orphan drug to treat a deadly lung disease. Our attorneys are also representing life science companies such as Actelion Pharmaceuticals in a number of active inter partes review proceedings. We’ve successfully initiated review of third-party patents and defended the validity of our clients’ patents covering a range of health care technologies and treatments.
Live Music Evolution 30
The multifaceted, multibillion-dollar live music industry has seen significant changes in the past decade.
As technology transformed the traditional recorded music
The big festivals get bigger every year – amplified by a
business model, live music emerged as one of the strongest
wave of consolidation within the industry. Acting on behalf
engines of growth in the industry. Music festivals exploded in
of strategic acquirers and sellers, our attorneys have
popularity – becoming vital revenue streams for artists, labels
structured and negotiated some of the most significant M&A
and promoters; platforms for integrated sponsorships among
transactions in the festival space.
the most sophisticated advertisers; and sought-after cultural experiences for fans across genres.
With festival crowds ranging from the tens of thousands to the hundreds of thousands, advertisers and marketers
The American concert business – once dominated by
are also eager to leverage these tremendous consumer
superstar acts playing giant arenas and stadiums – has
engagement opportunities. We help navigate complex
been revolutionized by the now-ubiquitous festival format,
sponsorship, licensing and digital rights issues to make
featuring dozens of established and emerging artists, and
connections between the world’s biggest brands and live
a host of business opportunities and legal challenges for
music properties across a range of platforms.
participants at all levels.
There’s no denying that the past decade has been a true
So how does Loeb & Loeb fit in? We’ve been a part of the live
golden age for music festivals. As the industry reaches
music evolution for decades, helping bring these events and
maturity, organizers and promoters will work to differentiate
experiences to life.
themselves in a competitive market.
From supporting entrepreneurial investors building niche
At Loeb & Loeb, we’re proud to partner with many of the best
regional festivals from the ground up to working on
in the business as they forge ahead with the next wave
sophisticated financing deals, artists agreements and
commercial arrangements for the giants of the destination festival world, we are entrenched.
The Devil is in the Details
“There’s just one more thing ...”
That’s what the unassuming Lieutenant Columbo would say
Except that they weren’t. Just like Columbo, Loeb & Loeb
at the end of those TV detective shows – right before he’d
was able to prove that the infringement claims were
unravel the mystery and expose the guilty party.
The audience knew what was coming.
There was the “artist” who claimed that the characters from
The perpetrators never did. They thought they’d committed the perfect crime.
an animated blockbuster film (now with box-office smash sequels) were copied from drawings that he made in the late ‘80s and early ‘90s. We uncovered evidence that the plaintiff
But there was always one little detail that didn’t quite make
had traced his “original” artwork from a 1996 Disney coloring
sense to the brilliant homicide investigator. And he would dig
book and backdated the drawings to fabricate the copyright
and dig until he uncovered the whole nefarious plot.
claim. The plaintiff dropped his suit once we brought
That really only happens on TV – or does it? Loeb & Loeb’s IP litigators have defended a number of high-profile entertainment clients – recording artists, music publishers and major motion picture companies – in copyright infringement cases where the other side’s claims seemed pretty airtight.
evidence of his fraud to light, but his attempts to defraud a public company caught the eye of the Department of Justice – and last year the government indicted him. There have even been cases in which unknown “songwriters” have sued our clients, claiming that hit songs were copied from their earlier works. In one case, we were able to show that the plaintiff had created his supposed “original”
work by sampling parts of our clients’ song – and tried to destroy evidence of his fraud by getting rid of the computer equipment he used to make the copy. In another recent case, we tracked down witnesses from halfway around the globe to unravel the story of how the plaintiff had created a fake cassette tape of “his” song and paid witnesses to lie for him. How do we uncover these schemes? Like Columbo, we know the devil is in the details. We track down witnesses. We use technology and experts to check out the plaintiff’s claims. Uncovering this evidence is difficult and time-consuming, but it’s critical in defending our clients against fraudulent claims. But unlike the fictitious Columbo character, Loeb’s IP litigators are real lawyers defending clients in real cases. We also dress a lot better than Columbo did.
We track down witnesses. We use technology and experts to check out the plaintiff’s claims. Uncovering this evidence is difficult and timeconsuming, but it’s critical in defending our clients against fraudulent claims.
T H E D E V I L I S I N T H E D E TA I L S
Partnership in the Park
For years, the press has not been kind to Pershing Square, a well-known five-acre public park in the heart of downtown Los Angeles.
Despite a rich, 150-year history, Pershing Square has seen its
in a myriad of land use, development, and marketing and
heritage tarnished by multiple yet ineffectual renovations.
promotions issues related to the design contest.
Many people consider the park out of touch with the new Downtown LA.
Loeb & Loeb is thrilled to be involved in the reimagining of this historic and iconic public space, and we look forward to
Until now, that is.
the results. After all, LA is our city, too.
There’s excitement in the air and an international design
Established in 1909, Loeb & Loeb has been invested in the
competition underway to re-envision this neglected
development of Los Angeles since our founding. And our
community space as a true urban oasis. It’s all happening
commitment to the city is as strong today as it was over a
under the collective nonprofit umbrella called “Pershing
A financial and emotional reinvestment in Pershing Square is
So what will the new Pershing Square look like? All we can say
key to bringing creative businesses and people into the city’s
for now is that the park is destined to become an inspiring
core. We’re proud to be a partner in the plan.
symbol for both DTLA and the entire city.
Whether it’s for a yoga class, boot camp, free outdoor
What’s Loeb & Loeb’s role in the action? Our attorneys
entertainment or another engaging outdoor experience, look
were instrumental in the formation of the public-private
for us in the park.
partnership dedicated to facilitating this important civic renewal. We’ve been happy to provide pro bono corporate counsel to Pershing Square Renew and take a leadership role
Reimagining and Reassuring
Brookfield Property Partners had an ambitious vision for 450 West 33rd Street, and clearly this 1969 Manhattan office building was ready for something new.
The global real estate company envisioned a $200 million
Our team negotiated nearly 750,000 square feet of new
renovation that would include a new glass facade,
office leases at the building, bringing a number of sizable
unobstructed floor-to-ceiling windows and enhanced
technology, advertising and media tenants attracted to the
superwide floor plates, a rarity in the city.
The adaptive reuse project was named 5 Manhattan West.
As notable as these new leases were, the even greater feat
It was a bold plan for an emerging neighborhood formerly
was negotiating amendments to each of the existing leases
known for its rail yards and factories.
to facilitate the building’s renovations while tenants were in
Current tenants in the predevelopment structure included
a diverse mix ranging from the Associated Press to
We had to understand and address the unique concerns
the New York City Board of Elections and the Gay Men’s
and requirements of each business to ensure that individual
Health Crisis Center.
needs would be satisfied and deadlines would be met
Whether it was a 24-hour news cycle, an impending election or heightened security measures, nearly all the tenants had very specific needs to remain open and running during construction with zero business disruption. Brookfield, a defining force along the New York skyline and in major cities around the globe, is a long-standing Loeb & Loeb client. The company knew we’d be a perfect
regarding the building’s reconstruction and systems upgrade. Our attorneys worked down to the wire on Christmas Eve to negotiate and close access agreements with all tenants in order for Brookfield to keep construction on schedule. Moral of the story: How do you renovate and relaunch a building while keeping current tenants happy and in business? You make Loeb & Loeb a key partner in the project.
partner to navigate the myriad legal hurdles along the way with 5 Manhattan West and help in realizing the vision for this transformative project.
A Safe Place to Call Home
Home is supposed to be where the heart is.
But unfortunately, for many children, home can be a
Working with Lawyers For Children, Loeb & Loeb represented
dangerous place. A place filled with abuse and neglect.
Charlotte in the appeal. Together, we persuaded the court
Every child deserves a safe place to call home. Loeb & Loeb is deeply committed to pro bono service that helps give them just that. For years, our firm has actively partnered with the nonprofit organization Lawyers For Children to provide legal representation to young people who are victims of abuse and neglect.
to affirm the neglect finding, removing another obstacle in Charlotte’s path to adoption and helping secure her safe and loving home. Charlotte’s foster experience was a positive one. But many foster children are not as fortunate. Loeb & Loeb is trying to change that. In an unrelated matter and in a different jurisdiction, we’ve
Baby Charlotte is one of those children. Charlotte (now
served as part of a separate legal team that has been
nearly four years old) was removed at birth from her 16-year-
working for more than a decade to compel the state of
old mother who had a long history of untreated drug and
Mississippi to fix its failing and severely underfunded child
alcohol abuse, including drug use during her pregnancy.
Charlotte thrived in foster care, with a loving foster family who wanted to adopt her. But Charlotte’s birth mother appealed the court’s finding of neglect.
The lawsuit, originally filed in 2004, accused the state of extensive violations of the constitutional rights of children in its care. Working alongside one of the nation’s foremost
child welfare advocates, Marcia Robinson Lowry, we reached a historic settlement with the state in 2008, which mandated sweeping reforms. Seven years and two contempt hearings later, children continue to suffer in a system in which caseloads are dangerously high, staff levels too low and qualified foster homes far too few. Loeb & Loeb hasn’t stopped fighting to enforce the state’s obligations to its children. We’ve gone back to court time and again – most recently, to request that Mississippi’s child welfare system be put under the control of a federal receiver. The court has yet to make its decision. And Loeb & Loeb? We’ll keep the pressure on the state to do the right thing and finally make good on its promises. For the sake of the children.
Loeb & Loeb hasn’t stopped fighting to enforce the state’s obligations to its children. 42
A SAFE PL ACE TO CALL HOME
After the Billion-Dollar Headlines
The headlines reported a mind-boggling number: $6 billion – that’s billion with a “B” – in fines.
Five major global banks settled charges brought by the
The government is casting a very wide net. By some
U.S. Department of Justice. The allegations? Collusion
estimates, hundreds of bank employees may be
to manipulate the foreign currency and precious metals
markets using private chat rooms, secret codes and side deals between high-level traders and managers.
Loeb & Loeb has represented 22 separate individuals in the forex probe. We’ve helped these clients participate fully
The banks have paid their fines. But the forex probe, as it’s
in the investigation, navigating the process of presenting
known, is far from over.
themselves to the FBI and DOJ, and talking to and
In today’s post-financial crisis world, government
cooperating with government investigators at every turn.
prosecutors are aggressively seeking to bring cases against
As a result, no charges have been filed against any of our
individuals. And they’re using information – thousands of
clients. They’ve remained out of the government’s crosshairs
pages of documents, emails and transcripts of conversations –
and out of the headlines – just where Loeb & Loeb’s white
provided by the banks. Part of the cooperation the banks had
collar defense and investigations team wants them to be.
to agree to as part of their settlements.
Think of this as a beginning. You’ve just read about some wonderful people, companies, lawyers, investors and entrepreneurs. Our aspirations may be different, but together we continue to have the opportunity to create something great. We’re connected by the impact we can make and the future we envision. At Loeb & Loeb, we’re making those connections every day. We have more stories than we have pages to tell them . . . TOUCHDOWN
We represented Tony Gonzalez, former six-time first-team all-pro NFL tight end and current CBS studio analyst for “The NFL Today,” in a partnership with FitStar, creator of the No. 1 personalized training app. Shortly thereafter, our team represented Tony in connection with the acquisition of FitStar by Fitbit Inc. and the subsequent IPO of Fitbit. H E A LT H Y E N D I N G
We helped Northwell Health (formerly North Shore-LIJ), one of the nation’s largest health systems, in two significant strategic alliances that help improve efficiency, client service and the bottom line. C A P I TA L CO N N EC T I O N S
We continue to represent longtime private equity client Clearview Capital in connection with a number of significant portfolio investments, add-on acquisitions and divestments.
THE BIG SCREEN
We’ve served as leading advisers for major entertainment and media companies, financial institutions, high-net-worth investors, hedge and other private equity funds in connection with nearly $1 billion in financing over the past year for the production and distribution of dozens of motion pictures, television and new media projects, including the Academy Award-winning film “Spotlight.” NEW FRONTIER
We continue advising advertising and marketing agencies on pioneering data optimization transactions with leading social media platforms, technology companies and other organizations, including Twitter, SAP, Accenture, Adobe, Facebook, Apple and others. This includes analyzing predictive behavior and browsing patterns across various devices. These examples barely scratch the surface. And each day brings new possibilities through our work across a range of practice areas, some less obvious in this collection of stories, but still critical ... such as tax, labor and employment, advertising disputes, charitable and tax-exempt work, intellectual property, and more. Visit our website to experience the depth of our offerings. Your story may be part of our story, now or in the near future. Let’s explore our world together. We’re all connected.
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Photo Credits: 4. © EdStock / iStock 7. © Cavan Images / Offset 12. © The Related Companies 14. © Thomas Trutschel / Getty Images 16. © Joakim Leroy / iStock 18. © nullplus / iStock 22. © Spencer Platt / Getty Images 25. © Wilshire Boulevard Temple (plan overlay) © Lawrence K. Ho / Getty Images (photograph) 26. © Davel5957 / iStock, omersukrugoksu / iStock 29. © andresr / Getty Images 30. © nicolas_ / iStock 32. © Frazer Harrison / Getty Images 34. © Johnér / Offset 37. © Petros Tsonis / Shutterstock 38. © Edwin Butter / Shutterstock 40. © Brookfield Property Partners 42. © Erin Oveis Brant / Offset 45. © Meredith Novario / Offset 46. © Nikada / iStock 48. © Image Source / Getty Images
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