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Vinson & Elkins LLP has announced a significant expansion of its Insolvency and Reorganization practice in New York and Houston with the addition of six prominent bankruptcy lawyers. Joining the firm's New York office as partners are Denis Cronin, Jane Vris, and Dov Kleiner, formerly of Cronin & Vris. J. Ronald Trost and Larry Cherkis, also of Cronin & Vris, are joining V&E as Counsel in New York. Prior to forming their own firm, Cronin, Vris, Kleiner and Cherkis were with Wachtell, Lipton, Rosen & Katz. Trost is a past chair of the National Bankruptcy Conference and one of the primary architects of the current U.S. Bankruptcy Code. In addition, the firm also announced that Harry Perrin, co-head of the energy-focused investment bank Petrie Parkman's Restructuring Business and a former bankruptcy partner at the law firm Weil Gotshal & Manges, is joining the firm's Houston office as a partner.
Herrick, Feinstein LLP of New York has announced that Gary Eisenberg has joined the firm as partner in Financial Restructuring/ Bankruptcy Practice Group. Prior to joining Herrick Feinstein, Eisenberg practiced as a partner with Windels Marx Lane & Mittendorf in its Bankruptcy, Creditor's Rights and Workouts Practice Group and Litigation and Alternative Dispute Resolution Group.
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The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
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