With plaintiffs becoming more sophisticated and targeting employee benefit plans at an accelerating speed, we have built an exceptional practice representing plan sponsors, fiduciaries and service providers in important ERISA, pension and benefits litigation-related claims.

Paul, 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.

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Paul, 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.

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Claims 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.

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