With plaintiffs targeting employee benefit plans at an accelerating speed, Paul, Weiss has built an exceptional practice defending plan sponsors, fiduciaries and service providers in the technically demanding, high-stakes arena of ERISA, pension- and employee benefits-related class actions and related litigation.
ExxonMobil and Plan Trustees Win Motion to Dismiss ERISA Class Action
Paul, Weiss achieved a significant victory for Exxon Mobil Corporation and the trustees of its savings plan when the U.S. District Court for the Southern District of Texas granted their motion to dismiss a putative ERISA class action.
» morePhilippe Dauman and George Abrams Defeat Motions to Dismiss and Are Granted Expedited Trial in Viacom Litigation
Judge George Phelan of the Massachusetts Probate and Family Court denied six motions to dismiss Paul, Weiss clients Philippe Dauman's and George Abrams' amended complaint in equity.
» moreSecond Circuit Affirms Dismissal of Derivative Action Against Citigroup’s Board
The Second Circuit affirmed an order dismissing a shareholder derivative action brought against Citigroup Inc.'s Board of Directors.
» morePaul, Weiss Represents Guggenheim Securities in Whole-Business Securitization
Paul, Weiss represented Guggenheim Securities as initial purchaser in connection with DineEquity, Inc.'s $1.3 billion whole-business securitization of its Applebee's and IHOP restaurant chains (closed September 30, 2014). Applebee's Funding, LLC and IHOP Funding, LLC issued securitization notes (due September 2044 and rated BBB by Standard & Poor's Rating Services), which, among other things, enabled the company to refinance its existing debt.
» morePaul, Weiss Represents Amherst Securities in Time Share Offerings
Paul, Weiss represented Amherst Securities LP as initial purchaser in connection with the July 18 issuance by Westgate Resorts 2014-A LLC of notes (due October 2026, unrated) collateralized by timeshare loans.
» moreClaims Dismissed Against Morgan Stanley Investment Management
The United States Court of Appeals held that Judge Castel in the SDNY had properly dismissed claims of a breach of fiduciary duty under ERISA asserted against Morgan Stanley Investment Management by the Pension Benefit Guaranty Corporation, which was pursuing the claims on behalf of the pension plan of the now-bankrupt St. Vincent's Hospital in Greenwich Village.
» more