Partners

Farfetch Faces Mounting Challenges as Lawsuit Demands Liquidation and Key Partners Drop Out

by

LONDON, England – Luxury e-commerce marketplace, Farfetch, has had a tumultuous week, causing concerns for its new owner, South Korea-based Coupang. The trouble began when a group of holders of Farfetch convertible bonds, known as the 2027 Ad Hoc Group, filed a lawsuit in the Cayman Islands seeking to liquidate Farfetch Limited and recover $404 million in losses. Neiman Marcus Group (NMG) also announced the termination of its commercial partnership with Farfetch, although the company continues to hold a $200 million minority investment in NMG. Additionally, luxury brand conglomerate Kering has pulled all its brands … Read more

McDermott Will & Emery Welcomes Healthcare Experts James Ravitz and Paul Gadiock as New Partners

by

San Francisco, California – In a recent announcement, McDermott Will & Emery revealed that James Ravitz and Paul Gadiock have joined the firm as partners in their healthcare practice group. Ravitz, who specializes in the life sciences and healthcare industries, will offer regulatory counsel, enforcement defense, and litigation and compliance guidance to the firm’s clients. Gadiock, based in San Francisco, will provide counsel to FDA-regulated companies throughout the product lifecycle, drawing on his experience as a former member of the senior leadership at the FDA’s Center for Devices and Radiological Health. Ravitz and Gadiock have … Read more

New York State Attorney General’s Unconstitutional Lawsuit Seeks $370 Million from Donald Trump and Business Partners

by

New York State Attorney General Letitia James has filed an unconstitutional and unfair lawsuit against former President Donald Trump, his business, his two oldest sons, and two business partners. James is seeking the return of $370 million, which she claims was obtained through fraud. Additionally, she wants to permanently ban Trump from operating a business in New York State. The judge overseeing the case has ruled in favor of James, ordering all of Trump’s New York businesses to be placed in receivership and sold, with Trump only receiving the proceeds from a forced fire sale. … Read more

Portuguese Fund Vallis Capital Partners Acquires Leading Document Management Firm Docout from EMC-B

by

MADRID, SPAIN – The EMC-B fund, managed by consulting firm Alvarez & Marsal, has announced the sale of technology consulting firm Docout to Portuguese fund Vallis Capital Partners. Docout is a leading company in the document management and business process outsourcing sector, with an annual turnover of approximately 20 million euros. Vallis Capital Partners, founded in 2010, is a venture capital fund based in Portugal with assets exceeding 200 million euros. The acquisition of Docout allows Vallis Capital Partners to expand its portfolio and strengthen its presence in the technology consulting industry. The deal was … Read more