sullivan and cromwell clients sullivan and cromwell clients

Sullivan & Cromwell LLP is an American multinational law firm headquartered in New York City.Known as a white-shoe firm, Sullivan & Cromwell is recognized as a leader in business law, and is known for its impact on international affairs, such as the financing of the Panama Canal. The London office practices English, EU and US law. Its litigation work is just as highly regarded, especially with respect to securities litigation and white collar defensetwo other rankings where the firm sits among the top 10. That dicey decision is now playing out in negative headlines that are dragging down the reputation of the 900-attorney law firm. The pair took over for Joe Shenker, who served as chair for the past 12 years and continues as senior chair on the firms management committee. To make certain that your email provider does not block emails from Wall Street On Parade, or place them in your spam folder, please put alerts@wallstreetonparade.com in your email contact list or address book before you subscribe. Thats a shocking 68 percent drop in deposits in one quarter at a (wait for it) federally-insured bank backstopped by the U.S. taxpayer that also decided to get deep in the crypto swamp. The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) also filed charges against Singh yesterday. By Pam Martens and Russ Martens: March 1, 2023 ~ Andrew (Andy) Dietderich, Law Partner at Sullivan & Cromwell. It offers extensive internal training programs, and through S&C Universityan online, on-demand, in-house viewing platformlawyers can access recordings of these trainings from their computers. Our Firm hosts events throughout the year for clients on various topics affecting businesses . The firm has worked with its clients on achieving their strategic business objectives despite the challenges of an unpredictable and difficult global economic climate. Chatterjee . Corporate/M&A. Sullivan & Cromwell LLP. The public is owed a full accounting of the financial activities that may have led to the loss of billions in customer assets, and any role that Silvergate may have played in these losses., Despite all of this, Judge John Dorsey stated in open court on January 20 that he couldnt see any evidence that Sullivan & Cromwell had a conflict that would prevent it from serving as lead counsel in the FTX bankruptcy. Sullivan & Cromwell is a law firm with a long and storied history. ESG Newsletter Sullivan & Cromwell LLP. It filed for bankruptcy in November and its court filings indicate that it blames FTX for its own bankruptcy. In an increasingly complex regulatory environment, S&C has been at the forefront of educating clients on legislative and regulatory developments. The general counsel's comprehensive guide | USA. (O'Brien left the firm under mysterious . Ms. Martens is a former Wall Street veteran with a background in journalism. S&Cs tax group has a global reputation for innovative tax planning, the successful resolution of tax controversies, as well as providing pivotal tax advice on corporate transactions. New York, NY (HQ) Email. Law.com; Law.com Radar; American Lawyer; Corporate Counsel; . The results the Firm achieves have set it apart for more than 130 years and have become a model for the modern practice of law. Miller is a two-time winner of The American Lawyers Dealmaker of the Year, recognized most recently in 2021 for his work leading a team on behalf of Fiat Chrysler Automobiles in its $60 billion merger with Peugeot S.A. Giuffra is a lauded first-chair litigator, serving for example as national coordinating counsel for Volkswagen in its diesel-related matters and Goldman Sachs in a long-running securities fraud class action. Project Development & Finance; Infrastructure: S&C is a leader in project and infrastructure development and finance. SUMMARY Litigation Paralegals work very closely with each other and the Firm's lawyers, clients and outside vendors, depending on the needs of each particular matter. With all that history to live up to, Giuffra and Millers Jan. 1 elevation does represent a (modest) break in tradition. Last name. Washington, DC | Beijing S&C has played a leading role in the consolidation of the healthcare industry, advising on many of the largest pharmaceutical M&A deals to date. Securities Litigation The genuine firm employs a genuine Whitney Chatterjee who is a Partner in the genuine firm's New York office. [23], Two former chairmen of the firm held senior foreign policy positions during the Eisenhower administration: John Foster Dulles, who served as U.S. Secretary of State; and Arthur Dean, who represented the United States in negotiations resulting in the Korean Armistice Agreement. Our Standards: The Thomson Reuters Trust Principles. Jan. 17, 2007. Friedberg also claimed that after he resigned from FTX.US, Sullivan & Cromwell refused to waive his attorney-client privilege, preventing him from assisting law enforcement and regulators in their . That Strongly Suggests to Us that Wall Street Banks Had a Serious Problem Independent of the Virus Outbreak. Legislation agency Sullivan & Cromwell has contradicted itself by claiming that shuttered cryptocurrency trade FTX.US is bancrupt, in response to former CEO Sam Bankman-Fried . Sullivan & Cromwell concedes in a bankruptcy court filing that it advised Bankman-Fried personally on a stock transaction involving his purchase of more than half a billion dollars of Robinhood stock. The group also advises clients in joint venture arrangements, M&A, restructurings and public-private partnerships in these critically important sectors. It revealed that FTX and Sam Bankman-Frieds hedge fund, Alameda Research, owe it over $1 billion. Tax It includes some of the most experienced US trial and regulatory lawyers. Yesterday, Nishad Singh pleaded guilty to a 6-count criminal indictment. Sullivan & Cromwell LLP provides the highest quality legal advice and representation to clients around the world Sullivan & Cromwell LLP provides the highest quality legal advice and representation to clients around the world. Chapter "From Hitler's Doorstep: Allen Dulles and the Penetration of Germany," by Neal H. Petersen; National Archives and Records Administration, 1992, Last edited on 16 February 2023, at 03:25, New York City Bar Associations Committee, Superior Court of the District of Columbia, List of largest law firms by profits per partner, "Sullivan & Cromwell Faces Fight Over Tax Bill for Wall Street HQ", "Elite Law Firms Are Quietly Outsourcing High-Value Functions. SEC Proposes Significant Changes to Custody Rule for Investment Advisers, SEC Extends EDGAR Filing Hours for Form 144 Filings, New Guidance on $10 Billion Worth of Advanced Energy Project Tax Credits, CFPB Proposed Rule Would Revolutionize Framework for Credit Card Late Fees, New German Law on ESG Due Diligence Obligations in Supply Chains, S&C Advises CRH on Its Plans to Pursue a Primary Listing in the United States, S&C Advises OpenAI in Its Partnership with Microsoft, S&C Obtains Complete Dismissal of Antitrust Class Actions Against BP, S&C Obtains Dismissal of Securities Suit Against DraftKings, S&C Is Top M&A Law Firm for Global and U.S. Deals in 2022, S&C Advises Diebold in Innovative Multibillion Dollar Global Debt Restructuring Transactions, S&C Advises Underwriters in Gaush Meditechs IPO, S&C Prevails for AT&T as Second Circuit Rejects Shareholder Suit, Legal Developments Affecting the Workplace. Ms. Martens is a former Wall Street veteran with a background in journalism. You may not collect more than 75 pages in a binder. The first companies to incorporate under New Jersey's new corporation law were Sullivan & Cromwell clients. Its approach to litigation matters has made S&C the go-to firm for cross-border litigation, with its litigators holding leading roles in some of the most significant cross-border actions. Today, S&C is a leader in each of its core practice areas and in each of its geographic markets. [10][11] It is one of the most profitable law firms in the world, with 2021 profits per partner exceeding $6 million[12] and profits per lawyer exceeding $1.3 million. Hong Kong The Feds Emergency Loan Operations to Wall Streets Trading Firms Began on September 17, 2019 Months Before the Coronavirus COVID-19 Had Emerged in China or Anywhere Else in the World. How deeply tangled up in ticker tape is former Dallas Fed President Robert Kaplan? Silvergate Banks parent (publicly-traded Silvergate Capital) is listed as a former client of Sullivan & Cromwell. "Insider trading and suicide in Canada: a buddy story", Ex-Dorsey Partner Kills Himself on Eve of Insider Trading Deal, PressReader - National Post (Latest Edition): 2010-01-08 - PRISON FOR INSIDE TRADER, "Five Firms Light Up with $11.7 Billion Tobacco Merger", Chambers USA 2016 Ranks S&C Top Law Firm For 39 Total Practice Rankings, S&C Ranked as Top Firm in 2016 Edition of Chambers Europe, S&C Ranked as Top Firm in 2016 Edition of Chambers Asia-Pacific,, S&C Ranks Highly on Thomson and Bloomberg First Quarter 2016 Global Capital Markets Legal Counsel League Tables,, 90 S&C Lawyers Ranked in 2017 Edition of Best Lawyers in America,, S&C Ranks Highly on Thomson's 2015 Global Syndicated Loans Legal Counsel League Tables,, S&C Ranks Highly on Bloomberg's 2015 Capital Markets Legal Counsel League Tables,, S&C Ranks Highly on Bloomberg's 2015 Loans Legal Counsel League Tables,, S&C Ranks Highly on Thomson's 2015 Global Capital Markets Legal Counsel League Tables, S&C Wins Grand Prize for Global M&A at The American Lawyer's Global Legal Awards,, S&C Named One of America's Best Corporate Law Firms in Law in the Boardroom Study,, S&C Named Among Best Adoption-Friendly Workplaces,, Pro Bono Firm of 2015: Sullivan & Cromwell,, "Corporate America isn't welcoming former Trump Cabinet officials with open arms, headhunters say", https://en.wikipedia.org/w/index.php?title=Sullivan_%26_Cromwell&oldid=1139636195. Sequoia Capital is a current client of Sullivan & Cromwell. Best attorneys, best clients, and an amazing experience all around. The increasing complexity of the international regulatory environment translates to an intricate web of scrutiny for U.S. companies.Sharon Nelles, a partner atSullivan & Cromwellwho has represented numerous corporate and financial clients, shared her views on what . How Far Will They Go? S&C is unique in its ability to handle all elements of a corporate restructuringwhether or not an insolvency proceeding is used as a tool. Please adjust your search and try again. S&C mobilises teams of lawyers worldwide for clients on their largest and most important domestic and cross-border M&A transactions. An associate at one of the country's most prestigious law firms, Sullivan & Cromwell, filed a state lawsuit in Manhattan yesterday accusing the firm of a systematic campaign of . Please select at least one search parameter or enter a keyword. Trustee the more than 20 legal engagements Sullivan & Cromwell had been involved in with Sam Bankman-Frieds FTX Group before it filed for bankruptcy on November 11, 2022. Sullivan & Cromwell snagged this very lucrative bankruptcy work, according to a screen shot (see above) shared by Sam Bankman-Fried in the testimony he was prepared to present to the House Financial Services Committee on December 13, because it had a friendly former partner at FTX. "the physician of Wall Street" for his ability to rescue failing companies. Known as a white-shoe firm, Sullivan & Cromwell is recognized as a leader in business law,[7] and is known for its impact on international affairs, such as the financing of the Panama Canal. "The enacted 1991 amendment to Section 13 (3) authorized the Fed to make emergency loans to nonbanking firms as long as those loans are 'secured to the . Sullivan & Cromwell brings a multidisciplinary approach to providing the fullest and most comprehensive legal advice to our clients. When expanded it provides a list of search options that will switch the search inputs . When expanded it provides a list of search options that will switch the search inputs . In 1935, Allen Dulles, then a partner in the firm and later Director of Central Intelligence, visited Germany and returned somewhat disturbed by the direction of the regime. Fanatics: Fanatics is a sports merchandising and sports trading card company. Sullivan & Cromwell brings a multidisciplinary approach to providing the fullest and most comprehensive legal advice to our clients. Sullivan & Cromwell LLP provides the highest quality legal advice and representation to clients worldwide. The firm founders, Algernon Sydney Sullivan and William Nelson, advised J.P. Morganas in the man himselfduring the creation of Edison General Electric in 1882 and later guided key players in the formation of . The firm has advised on many of the most transformative and complex projects and financings in both developed and emerging markets involving oil and gas, mining, other natural resources, and infrastructure. I love trying cases. Sullivan & Cromwell LLP. Sullivan & Cromwell LLP provides the highest quality legal advice and representation to clients worldwide. The practice draws upon the integrated resources and efforts of S&C offices around the world, taking advantage of the firms preeminent global capabilities to advise private equity firms, family offices, sovereign wealth funds and other investors of private capital on their most important and complex acquisi tions, strategic investments and exits, across a broad range of industries. The firm founders, Algernon Sydney Sullivan and William Nelson, advised J.P. Morganas in the man himselfduring the creation of Edison General Electric in 1882 and later guided key players in the formation of U.S. Steel and the financing of the Panama Canal. On January 5, Silvergate reported that its "total deposits from digital asset customers declined to $3.8 billion" as of December 31, 2022 (down from the previously reported $11.9 billion on September 30, 2022.) The results the Firm achieves have set it apart for more than 140 years and have become a model for the modern practice of law. The U.S. Department of Justice seized the Robinhood stock in early January. The work involved Bankman-Frieds purchase of more than half a billion dollars in the stock of Robinhood Markets (a trading app). Associates are also armed with a career plan through which they focus on their skills, gaps in experience, and goals. The firm provides clients a coordinated approach for securing clearances in the US, the EU and elsewhere, handling merger clearances for some of the largest and most complex M&A transactions in the world. Sullivan & Cromwell represents clients across a broad array of industries and in multiple jurisdictions in merger clearances, criminal antitrust investigations and civil litigation. FCPA & Anti-Corruption The monies to fund that transaction came from loans from his hedge fund, Alameda Research, which prosecutors say was looting the funds from FTX customer accounts. Giuffra added, There are not a lot of institutions in the world that have (Sullivan & Cromwells) history and tradition, he said. The pair in running the firm also rely on the other nine members of the management committee, as well as practice leaders such as litigation group managing partner Sharon Nelles; tax co-leaders Isaac Wheeler and Davis Wang; and general practice co-leaders Audra Cohen and Robert Schlein. The practice includes bankruptcy and creditors rights, financial institutions, M&A, private equity, securities, structured finance and professional sports-related transactions. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Feel free to generate this binder, clear it . Litigation Paralegal (Washington, D.C. Office) Share This: . Mainstream Media Refused to Cover this Story in any Depth, Leaving the Heavy Lifting to Wall Street On Parade, Which Has Since that Time Written More than Ten Dozen Articles Chronicling this Fed Bailout. [24], Sullivan & Cromwell's involvement in the 1954 coup d'tat in Guatemala is documented. S&Cs premier executive compensation and benefits practice advises on a full range of corporate, securities, tax and employment law matters. On the date of that declaration, December 21, Sullivan & Cromwell was well aware that its client, BlockFi, had an extremely adversarial relationship with the FTX group. [49][50][51], Sullivan & Cromwell has worked on behalf of tobacco companies. At the firm, she has advised clients, including Goldman Sachs Group Inc., SoftBank . Serious New Issues Emerge in Sullivan & Cromwells Deeply Conflicted Role in the FTX Bankruptcy Case, A Federal Agency Wants to Hear Directly from the Public about Bad Practices at Credit Card Companies, The U.S. Congress Twiddled Its Thumbs on Crypto while 10 Countries Banned It and 42 Others Placed Heavy Restrictions, Bankruptcy Judge in Manhattan Rules that Crypto Customers Lost Ownership of $4.2 Billion When They Deposited It into Earn Accounts, FTX Bombshell: Former FTX Lawyer, Daniel Friedberg, Alleges Fraud by Sullivan & Cromwell in Court Filing Today, In 16 Years, the Fed Has Approved 4,506 Bank Mergers and Denied One, Four Crypto-Friendly Banks Are Being Bailed Out with Billions from a Federal Housing Program, A Sam Bankman-Fried Company Loaned or Invested More than $1 Billion in Clients of its Law Firm, Sullivan & Cromwell, The Narrative Is that Two Women Under 30 Committed Fraud without Detection by Sophisticated Wall Street Law Firms, FTX Bankruptcy Proceedings Thus Far Show a Shocking Miscarriage of Justice, Bankruptcy Law Expert, Senator Elizabeth Warren, Asks FTX Bankruptcy Judge to Boot Sullivan & Cromwell from the Case, Sullivan & Cromwell, FTX Lead Counsel in Bankruptcy, Says It Has No Adverse Relationships, Despite Representing Four of FTXs Crypto Exchange Competitors, JPMorgan Chase Hit with Lawsuit for Facilitating Jeffrey Epsteins Crime Network; Similar Charges Were Brought Against It for Facilitating Madoffs Ponzi Scheme, Federally-Insured, Crypto-Focused Silvergate Bank Loses 43 Percent of Its Market Value Yesterday as Depositors Flee, After 16 Months, There Are Still No Arrests in the Feds Trading Scandal, The Fed, FDIC and OCC Issue New Warnings to Banks on Crypto Risks to Safety and Soundness, Two Law Firms Played Key Roles in Sam Bankman-Frieds House of Cards; One Is Now Collecting Upwards of $2,165 an Hour in FTX Bankruptcy Proceedings, Sam Bankman-Frieds Crypto Companies Bilked a Potential 10.3 Million User Accounts; Thats 250 Times More than Madoff, Sam Bankman-Frieds Criminal Trial Judge Is Married to Law Partner of Firm that Arranged the FTX-BlockFi Deal, Mr. Gensler, the U.S. Stock Market Structure Is an Institutionalized Wealth Transfer System, Congressman Brad Sherman Versus the Crypto Gang in Congress, A Sam Bankman-Fried Company that Was Not in Bankruptcy Has Gone Poof; Regulators Are Drawing a Dark Curtain, Senate Banking Hearing on FTX Collapse Pits a Courageous Law Professor Against Paid Shill Kevin OLeary, An Insider Blows the Whistle on How the Fed Has Allowed Crypto to Invade Federally-Insured Banks, Sam Bankman-Fried Quietly Bought an SEC-Registered Stock Trading Operation; There Are Big Questions as to Whats Happening with Customer Accounts, No One Trusts the FTX Bankruptcy Case: News Outlets Intervene; Justice Department Trustee Demands Independent Examiner; SEC Orders Disclosures, Senate Banking Chair Threatens a Subpoena If Sam Bankman-Fried Doesnt Show for Next Wednesdays Hearing; Says SBF Orchestrated a Coverup, JPMorgan Chase, the Largest Federally-Insured Bank in the U.S. with Five Felony Counts, Says 10 Percent of its New Hires Last Year Had Criminal Histories, Secretary Yellen, Weve Got a Staggering Problem: New Report Shows Foreign Banks Have Secret Derivative Debt that Is 10 Times their Capital. Past lunch topics have included crisis management, resilience, strategies on responding to stress, client development, and self-advocacy. Kraken is another crypto exchange that is a current client of Sullivan & Cromwell. Impacting 1. Our latest Insights outlines new tax credits for qualifying advanced U.S. energy projects. No law firm has a more thorough understanding of evolving corporate governance requirements and practices. By the turn of the century, Cromwell represented French interests that owned land in Panama and was involved in the financing of the Panama Canal; the firm represents the Panama Canal Authority to this day. Sullivan & Cromwell LLP is an American multinational law firm headquartered in New York City. Estates & Personal Conduct in-depth searches on complex research requests covering all practice areas for all Library clients using electronic, print & other sources as part of regular shifts on the Reference Desk. Based in New York, Chatterjee is currently the head of the investment management practice at Sullivan & Cromwell. This does not look good for the 144-year old law firm because the Securities and Exchange Commission is now charging that FTX was a fraud from the very beginning and Sam Bankman-Fried illegally used FTX customer funds from the very beginning. This button displays the currently selected search type. Please enter a search term or select a suggested term from the list. Trustee, who represents the U.S. Department of Justice in bankruptcy cases.). 6th year: $370,000 Need more help? Image from Shutterstock. Palo Alto, CA Despite Millers eight years at Sullivan & Cromwell and more than three years working as legal counsel at a federal regulator, Miller somehow managed not to notice the following at FTX: there was no functioning Board of Directors; there was no accounting department; there was no functioning compliance department making sure that customer funds were not co-mingled with Sam Bankman-Frieds personal piggy bank, his hedge fund, Alameda Research. Meaningful opportunities to take on complex, interesting work., Expected availability and lack of predictability.. Sullivan & Cromwell has 797 attorneys and is ranked 63rd in the United States. Mr. Martens' career spans four decades in printing and publishing management. The Senators inquired as follows: Your banks involvement in the transfer of FTX customer funds to Alameda reveals what appears to be an egregious failure of your banks responsibility to monitor for and report suspicious financial activity carried out by its clients. sccontactUs@sullcrom.com. If pressing firm business arises when he's in court, Miller is there to handle it. This search term may not be submitted alone. Of course Sullivan & Cromwell was only one of the more famous examples of the revolving door between the government and the corporate world. [8][9] The firm handles high profile work such as complex mergers and acquisitions, securities litigation, and white-collar defense and government investigations. After extensive research and analysis, Zippia's data science team found the following key financial metrics. Posted: December 21, 2022. On December 6, U.S. Learn more. The new co-chairs told me that 2021 represented new highs for revenue and profits, though they declined to specify numbers. [1/2]Sullivan & Cromwells new co-chairs Robert Giuffra (left) and Scott Miller (right). The results the Firm achieves have set it apart for more than 140 years and have become a model for the modern practice . Law360 (February 6, 2023, 2:02 PM EST) -- Sullivan & Cromwell LLP's financial services team last year advised the U.S. Department of the Treasury on a program that issued more than $8.3 billion in . The firm also represents smaller biotechnology concerns in strategic acquisitions and capital-raising efforts, and advises clients on new legislation and regulatory developments. At the suggestion of H. Rodgin Cohen, a banking lawyer with Sullivan & Cromwell in New York City, the securities firms urged Congress to include an amendment to Section 13 (3) in FDICIA. Received 39 total practice rankings in the 2016 edition of Chambers USA: America's Leading Lawyers for Business, including 28 in the top two bands; also received 105 total lawyer recommendations in the directory, with a total of 70 partners ranking, Listed as a top law firm in 11 categories in the 2016 edition of Chambers Europe, including five in the top two bands, with 18 total recommendations in the directory, Listed as a top law firm in nine categories in the 2016 edition of Chambers Asia-Pacific, including four rankings in the top two bands; firm attorneys received 11 total recommendations in the directory, Ranked highly in several key categories on Thomson's First Quarter 2016 Global Capital Markets Legal Counsel League Tables, including #1 in the United States in 14 separate categories of equity or debt issuance, Ranked highly in several key categories on Bloomberg's First Quarter 2016 Global Capital Markets Legal Counsel League Tables, including in the top two in 12 separate bond issuance classes, Honored by Best Lawyers in America for having 90 attorneys listed on the publication's 2017 list, with four Sullivan & Cromwell attorneys being named "Lawyer of the Year", Ranked highly in two important categories on Thomson's 2015 Global Syndicated Loans Legal Counsel League Tables, Ranked first or second in nine categories in Bloomberg's 2015 Capital Markets Legal Counsel League Tables, Ranked among the top 10 in three categories on Bloomberg's 2015 Loans Legal Counsel League Tables, including #2 as legal adviser to borrowers in U.S. Loans, Ranked highly in several key categories on Thomson's 2015 Global Capital Markets Legal Counsel League Tables, including ranking in the top three in 14 categories of capital markets issuance, Recognized by The American Lawyer's Global Legal Awards for its work in M&A, including being named as one of the firms awarded Global M&A Deal of the Year: Grand Prize winner, for its role in AB InBev's acquisition of SABMiller, Named one of America's Best Corporate Law Firms in the 16th annual "Law in the Boardroom" study conducted by NYSE Governance Services and FTI Consulting, Inc.; ranked third on the 2016 National Law Firm Directors' Rankings, up from fourth place in 2015, Named a Diversity Leader by Profiles in Diversity Journal in its Winter 2016 issue, reflecting the firm's having aligned diversity initiatives with business goals, Cited for the 10th consecutive year by The Dave Thomas Foundation for Adoption as one of the nation's "Best Adoption-Friendly Workplaces", Sullivan & Cromwell has been recognized for its pro bono activities, receiving a "Pro Bono Leadership Award" from Legal Services NYC in 2016, This page was last edited on 16 February 2023, at 03:25.