Challenge Defeated, Bond Redemption Closes as Scheduled
On May 18, 2011, on behalf of The Bank of New York Mellon Corporation, we successfully opposed a motion for a temporary restraining order in Emmet & Co., Inv. v. Catholic Health East and The Bank of New York Mellon Corporation, a case in the U.S. District Court for the Southern District of New York involving approximately $130 million in principal amount of defeased municipal bonds. A bondholder objected the obligor’s plan to redeem the defeased bonds at par while offering holders the option of tendering their bonds for purchase by the obligor at 101% of the principal amount. The court found that the bondholder’s failure to post security in an amount sufficient to pay the defendants’ damages in the event that the defendants were wrongfully enjoined, as well as the bondholder’s delay until three business days prior to the scheduled closing to seek injunctive relief, prevented injunctive relief from being granted in its favor. Mark R. Zancolli represented The Bank of New York Mellon.
Ms. Mann was asked to comment on the lawsuit alleging that the Trump Foundation charity used funds for personal and political purposes.
Carter Ledyard is pleased to welcome the arrival of Ms. Dreizen to the firm as Counsel in the Corporate department.
Partner Steven Paul McSloy gave a presentation at the Consulate General of Ireland in NYC on “The American Indian as Irishman: The Lost Connection”
Carter Ledyard client Global SC Finance IV Limited completed an offering of $196 million of fixed rate asset backed notes.
Judith discusses the benefits and risks of arbitration of art disputes in the newly created process at the Netherlands Arbitration Institute.
Jack was honored with the Chairman's Award, in recognition of his "tireless efforts and unending dedication to the foundation."
Mr. McCarthy has joined the firm as a partner in the Litigation Department, bringing with him years of experience in international litigation and arbitration.
Our 2017 Year in Review highlights the cutting-edge work of our clients, both foreign and domestic, and some of the ways we helped them succeed.
Over breakfast at the midtown office, more than 30 members of the private equity community gathered to create a deal flow for all concerned.
Val Vasi discussed aint-money laundering (AML) guidelines in the art world and AML regulations in the financial services industry
Carter Ledyard client Lisa Schwarz, developer of the Comprehensive Resource Model trauma treatment model, prevailed on her motion for contempt against Dr. David Grand in proceedings in the Federal District Court for the…
Together with Her Justice, Carter Ledyard attorneys were successful in guiding pro bono clients apply for their U-Visa, obtain deferred and final approval of legal status, and receive employment authorization.