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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 R Y S T A L S T R U C T U R E O F P C S K 9
For starters, Regeneron is one of the world’s most exciting
biopharmaceutical companies. Praluent® (also known as
alirocumab) is a first-in-class drug. And Loeb & Loeb came
along at just the right time to help build a sampling program
to assist in bringing it to market.
Arguably the biggest drug launch of 2015, Praluent is an
alternative cholesterol-lowering medication for patients who
have an inherited condition that causes LDL (the bad form of
cholesterol) or who have had atherosclerotic heart problems
and are not at goal with their statin.
Why is Praluent a game changer? It’s the first in a new class
of drugs called PCSK9 inhibitors. It works by making the liver
efficient at getting rid of LDL. And, according to Dr. Elliott
Antman, president of the American Heart Association, it’s
a “powerful new way of lowering the bad form of cholesterol,
and that has profound implications in dealing with the
burden of vascular disease.”
Regeneron, known for innovative research and development
and impressive growth, tapped Loeb & Loeb’s FDA Regulatory
and Compliance Practice for the design and rollout of a
commercialization and sample distribution plan for Praluent.
With FDA approval expected in a matter of months and
unprecedented product demand on the horizon, Loeb &
Loeb’s team knew they had to act fast.
We were tasked with making sure samples of Praluent were
available immediately following approval.
This story may be one for the medical textbooks.
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Thanks in part to
Loeb & Loeb, patients
were able to access
this new drug as fast
as they could say
“lower my LDL.” D R U G L A U N C H D A S H
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.”
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A New City Rises
When completed, the development will include over
17 million gross square feet of new space, including office,
retail, residential, hotel, school and cultural uses.
The 28-acre megaproject is being built over the Long Island
Rail Road’s working rail yards. To accomplish this, two
massive steel and concrete platforms are being erected to
cover the active rail lines and form the foundation for much
of the development.
Acting on behalf of longtime client Deutsche Bank, a team of
real estate and financing attorneys from Loeb & Loeb played
an active role in bringing this spectacular project to life.
We represented Deutsche Bank as agent and lender in the
Eastern Rail Yards platform construction loan and in the
$1.5 billion construction financing for the retail center
anchored by Neiman Marcus.
What were the challenges?
Construction of the 1 million-square-foot retail space
overlaps with the development of Hudson Yards’ largest
office tower, requiring coordination to ensure the separately
financed but interdependent buildings could each be
completed as if no connectivity existed. The many relevant
parties structured and negotiated a co-construction
agreement to address these unusual issues.
In addition, lawyers from Loeb & Loeb’s energy and real
estate groups worked closely with the developer and its
counsel to solve some interesting power issues presented by
the plans.
We remained undaunted by the complexities as we worked
with an exceptional team at Deutsche Bank as well as the
developer and nine other major law firms over a three-year
period to reach the most recent closing.
Walk along the High Line or drive by on the West Side
Highway and you can watch this new city rising above the
rail yards. It’s exciting to see, and we’re proud to be involved
with this amazing development.
Let’s start with an impressive fact: Manhattan’s Hudson Yards
is the largest private real estate development in U.S. history.
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Our Connected World
Companies are creating platforms that bridge what we
do at home, in the workplace, in stores, in cars and online,
anywhere and everywhere.
At Loeb & Loeb, we’re dedicated to helping businesses and
individuals leverage our connected world.
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
Program, evaluating vehicle-to-vehicle and vehicle-to-
infrastructure communications and integration.
In a more remote part of the world, we’ve helped a mobile
communications company called Tone launch a pilot
program that enables rural Indonesian fishermen to take
advantage of satellite and weather data to spot the best
places to fish.
Tone developed a mobile app called mFish. It connects
fishermen to one another. And it connects them to vital real-
time information about weather, ocean conditions, market
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.
Loeb & Loeb was involved from idea through launch. We
helped Tone secure funding, negotiate with local Internet
service providers and obtain patents.
Now let’s look at the rapid rise in connected commerce.
Our attorneys have counseled leading financial institutions
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.
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at the forefront of innovative new mobile and digital
payment solutions – everything from the integration of Apple
Pay and other wireless payment options to the launch of
customized digital wallets.
We’ve helped structure first-of-their-kind technology
partnerships and associated branding and data sharing
agreements that are transforming the retail experience as
we know it.
In unique and exciting ways, our clients are working to
increase connectivity across the globe. This exchange of
information is helping empower individuals, grow businesses,
sustain natural resources and transform lives. The results are
exciting to experience. We’re proud to be their partner.
So is it love or connectivity that makes the world go round?
You decide. But one thing we can say for sure: At Loeb & Loeb,
we truly love the role we get to play in helping our clients
advance the world through connectivity.
14 O U R C O N N E C T E D W O R L D
This exchange of information is
helping empower individuals,
grow businesses, sustain natural
resources and transform lives.
The results are exciting to
experience.
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Solar Squeeze
Transaction costs in solar financing turn smaller distributed
generation projects into unattractive investments – at least
for traditional bank lenders.
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
projects. The savvy founders saw the need and developed
a revolutionary tech-enabled financing solution for an
underserved market.
Open Energy’s online peer-to-peer lending platform bypasses
traditional banks to get investor dollars directly into qualified
solar projects. The company launched a new web portal that
permits developers to apply for financing, compare forecasts
and terms, and close on a loan within 30 days.
The business model looks to support commercial and
industrial projects sized between 250 kilowatts and five
megawatts, providing previously unheard-of small loans
from $500,000 to $5 million. The key to success is volume.
Loeb & Loeb has played a major role helping Open Energy
streamline its process and systems in order to make the
model cost-effective. We believe in Open Energy’s innovative
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.
In the energy finance arena, Loeb & Loeb pairs an in-depth
understanding of the industry with our established
reputation as a global leader in crafting successful capital
structures for borrowers and lenders.
So far, our work with Open Energy has resulted in the
financing of multiple portfolios of operated distributed
generation solar projects across the country. And we’re just
getting started.
With help from the Open Energy/Loeb & Loeb partnership,
the outlook for solar project financing gets sunnier every day.
While the global market for solar energy continues to boom,
developers of small-scale solar projects have been feeling the
credit squeeze.
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Next Wave Investing
Three decades and an amazing track record. Investment –
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.
Allen chose Loeb & Loeb to help him launch his latest project –
venture capital fund Third Wave Digital – because we know
digital media, too.
Third Wave Digital provides seed and early-stage capital
investments to innovative digital media startups. While the
fund is still in its infancy, it’s investing at warp speed – two
deals per month on average.
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.
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.
We’re partnering with Third Wave to help deploy its
capital, too.
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
network that helps turn popular Snapchat users into content
marketers for top consumer brands. We also represented
Third Wave in its investment in FameBit, the self-service
digital marketplace that helps brands collaborate with
influencers across YouTube and other social platforms.
In addition to our work with Third Wave Digital, Loeb & Loeb’s
attorneys have met Allen across the negotiation table. We
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 co-
founded 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 DeBevoise really knows digital media.
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The Gift of Art
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.
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.
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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.
T H E G I F T O F A R T
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 PA V I L I O N
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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.
It’s All Relative
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.
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.
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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 & Loeb’s bicoastal, cross-practice team brought
together a thorough understanding of Relativity’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
complicated bankruptcy.
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.
I T ’ S A L L R E L A T I V E26
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Protecting theInnovators
For Loeb & Loeb, protecting life sciences innovators through
U.S. and international patent litigation and strategic IP
counsel is just as key.
Take Switzerland-based Roche, for example, the world’s
largest biotech company. For years, Loeb & Loeb has helped
this global health care leader safeguard its most valuable
assets – its patents.
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
provide IP strategy and due diligence in the licensing and
acquisition of pioneering drug products – most recently
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.
It’s no secret that Loeb & Loeb serves as trusted patent
counsel to some of the world’s largest and most successful
life sciences leaders. What’s lesser known is how active we
are in representing early-stage innovators within the industry.
Through close collaboration with our regulatory, corporate
and capital markets teams – which are helping many young
pharma, biotech and medical device companies obtain
critical financing and FDA product approvals – Loeb & Loeb’s
patent attorneys help clients build and strengthen their IP
portfolios before trouble occurs.
Prudent, early IP counsel is our prescription for life sciences
companies at all stages of development.
In the $600 billion global pharmaceutical industry,
innovation is paramount.
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Live Music Evolution30
As technology transformed the traditional recorded music
business model, live music emerged as one of the strongest
engines of growth in the industry. Music festivals exploded in
popularity – becoming vital revenue streams for artists, labels
and promoters; platforms for integrated sponsorships among
the most sophisticated advertisers; and sought-after cultural
experiences for fans across genres.
The American concert business – once dominated by
superstar acts playing giant arenas and stadiums – has
been revolutionized by the now-ubiquitous festival format,
featuring dozens of established and emerging artists, and
a host of business opportunities and legal challenges for
participants at all levels.
So how does Loeb & Loeb fit in? We’ve been a part of the live
music evolution for decades, helping bring these events and
experiences to life.
From supporting entrepreneurial investors building niche
regional festivals from the ground up to working on
sophisticated financing deals, artists agreements and
commercial arrangements for the giants of the destination
festival world, we are entrenched.
The multifaceted, multibillion-dollar live music industry has
seen significant changes in the past decade.
The big festivals get bigger every year – amplified by a
wave of consolidation within the industry. Acting on behalf
of strategic acquirers and sellers, our attorneys have
structured and negotiated some of the most significant M&A
transactions in the festival space.
With festival crowds ranging from the tens of thousands
to the hundreds of thousands, advertisers and marketers
are also eager to leverage these tremendous consumer
engagement opportunities. We help navigate complex
sponsorship, licensing and digital rights issues to make
connections between the world’s biggest brands and live
music properties across a range of platforms.
There’s no denying that the past decade has been a true
golden age for music festivals. As the industry reaches
maturity, organizers and promoters will work to differentiate
themselves in a competitive market.
At Loeb & Loeb, we’re proud to partner with many of the best
in the business as they forge ahead with the next wave
of change.
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The Devil is in the Details
That’s what the unassuming Lieutenant Columbo would say
at the end of those TV detective shows – right before he’d
unravel the mystery and expose the guilty party.
The audience knew what was coming.
The perpetrators never did. They thought they’d committed
the perfect crime.
But there was always one little detail that didn’t quite make
sense to the brilliant homicide investigator. And he would dig
and dig until he uncovered the whole nefarious plot.
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.
Except that they weren’t. Just like Columbo, Loeb & Loeb
was able to prove that the infringement claims were
elaborate frauds.
There was the “artist” who claimed that the characters from
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
had traced his “original” artwork from a 1996 Disney coloring
book and backdated the drawings to fabricate the copyright
claim. The plaintiff dropped his suit once we brought
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”
“There’s just one more thing ...”
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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 time-
consuming, 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 T A I L S34
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Partnership in the Park
Despite a rich, 150-year history, Pershing Square has seen its
heritage tarnished by multiple yet ineffectual renovations.
Many people consider the park out of touch with the new
Downtown LA.
Until now, that is.
There’s excitement in the air and an international design
competition underway to re-envision this neglected
community space as a true urban oasis. It’s all happening
under the collective nonprofit umbrella called “Pershing
Square Renew.”
So what will the new Pershing Square look like? All we can say
for now is that the park is destined to become an inspiring
symbol for both DTLA and the entire city.
What’s Loeb & Loeb’s role in the action? Our attorneys
were instrumental in the formation of the public-private
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
in a myriad of land use, development, and marketing and
promotions issues related to the design contest.
Loeb & Loeb is thrilled to be involved in the reimagining of
this historic and iconic public space, and we look forward to
the results. After all, LA is our city, too.
Established in 1909, Loeb & Loeb has been invested in the
development of Los Angeles since our founding. And our
commitment to the city is as strong today as it was over a
century ago.
A financial and emotional reinvestment in Pershing Square is
key to bringing creative businesses and people into the city’s
core. We’re proud to be a partner in the plan.
Whether it’s for a yoga class, boot camp, free outdoor
entertainment or another engaging outdoor experience, look
for us 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.
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Reimaginingand Reassuring
The global real estate company envisioned a $200 million
renovation that would include a new glass facade,
unobstructed floor-to-ceiling windows and enhanced
superwide floor plates, a rarity in the city.
The adaptive reuse project was named 5 Manhattan West.
It was a bold plan for an emerging neighborhood formerly
known for its rail yards and factories.
Current tenants in the predevelopment structure included
a diverse mix ranging from the Associated Press to
the New York City Board of Elections and the Gay Men’s
Health Crisis Center.
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
partner to navigate the myriad legal hurdles along the way
with 5 Manhattan West and help in realizing the vision for
this transformative project.
Our team negotiated nearly 750,000 square feet of new
office leases at the building, bringing a number of sizable
technology, advertising and media tenants attracted to the
dynamic redesign.
As notable as these new leases were, the even greater feat
was negotiating amendments to each of the existing leases
to facilitate the building’s renovations while tenants were in
place.
We had to understand and address the unique concerns
and requirements of each business to ensure that individual
needs would be satisfied and deadlines would be met
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.
Brookfield Property Partners had an ambitious vision for
450 West 33rd Street, and clearly this 1969 Manhattan office
building was ready for something new.
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A Safe Place to Call Home
But unfortunately, for many children, home can be a
dangerous place. A place filled with abuse and neglect.
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.
Baby Charlotte is one of those children. Charlotte (now
nearly four years old) was removed at birth from her 16-year-
old mother who had a long history of untreated drug and
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.
Working with Lawyers For Children, Loeb & Loeb represented
Charlotte in the appeal. Together, we persuaded the court
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
served as part of a separate legal team that has been
working for more than a decade to compel the state of
Mississippi to fix its failing and severely underfunded child
welfare system.
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
Home is supposed to be where the heart is.
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Loeb & Loeb hasn’t
stopped fighting
to enforce the state’s
obligations to its
children.
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.
A S A F E P L A C E T O C A L L H O M E42
After the Billion-Dollar Headlines
Five major global banks settled charges brought by the
U.S. Department of Justice. The allegations? Collusion
to manipulate the foreign currency and precious metals
markets using private chat rooms, secret codes and side
deals between high-level traders and managers.
The banks have paid their fines. But the forex probe, as it’s
known, is far from over.
In today’s post-financial crisis world, government
prosecutors are aggressively seeking to bring cases against
individuals. And they’re using information – thousands of
pages of documents, emails and transcripts of conversations –
provided by the banks. Part of the cooperation the banks had
to agree to as part of their settlements.
The government is casting a very wide net. By some
estimates, hundreds of bank employees may be
facing investigation.
Loeb & Loeb has represented 22 separate individuals in the
forex probe. We’ve helped these clients participate fully
in the investigation, navigating the process of presenting
themselves to the FBI and DOJ, and talking to and
cooperating with government investigators at every turn.
As a result, no charges have been filed against any of our
clients. They’ve remained out of the government’s crosshairs
and out of the headlines – just where Loeb & Loeb’s white
collar defense and investigations team wants them to be.
The headlines reported a mind-boggling number: $6 billion –
that’s billion with a “B” – in fines.
45
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 ...
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.
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.
T O U C H D O W N
H E A L T H Y E N D I N G
C A P I T A L C O N N E C 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.
47
T H E B I G S C R E E N
N E W F R O N T I E R
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.”
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.
49
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© 2016 Loeb & Loeb LLP
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