Kramer Levin Naftalis & Frankel LLP

Kramer Levin Naftalis & Frankel LLP is a premier, full-service law firm with offices in New York and Paris. Firm lawyers are leading practitioners in their respective fields, who understand their clients' businesses, demonstrate a strong focus on client service and offer innovative and practical solutions. The firm represents Global 1000 and emerging growth companies, institutions and individuals, across a broad range of industries. The firm, its attorneys and practice groups have received the highest rankings, awards and honors for their work including from Best Lawyers, Chambers USA/Global, Lawdragon 500, American College of Trial Lawyers, National Law Journal, National Bankruptcy Conference, BTI Client Service All-Star Team for Law Firms, Benchmark Litigation, Institutional Investor, The International Who's Who of Corporate Immigration Lawyers, Dealflow Media, Investment Dealers Digest, IP Law & Business Almanac, Legal 500 (US and European), Real Estate Weekly and M&A Advisor, among many others. The firm has also been widely honored for its strong commitments to pro bono, community service and diversity efforts.

Special Purpose Entities -- The New Chapter 11 Debtors: General Growth Bankruptcy Court Takes the "Remoteness" Out of Bankruptcy Structured Financings
August 26, 2009
The Bankruptcy Court for the Southern District of New York recently issued a decision that, if left to stand unchallenged, effectively eviscerates a key structural component of a massive number of financings -- specifically, the so-called "bankruptcy remoteness" of a special (or single)...

Texas District Court Dismisses Insider Trading Charges against Mark Cuban and Holds That Misappropriation Theory Requires Duty Not to Trade
Arthur H. Aufses, Abbe L. Dienstag, David S. Frankel, Alan R. Friedman, Darren LaVerne, August 26, 2009
On July 17, 2009, in a significant defeat for the Securities and Exchange Commission, Northern District of Texas Chief District Judge Sidney Fitzwater dismissed the high-profile insider-trading charges that the SEC had brought against well-known entrepreneur Mark Cuban. In a 35-page opinion, Judge...

U.S. Citizenship and Immigration Services Makes Unannounced Site Visits
August 26, 2009
In the past two weeks, agents of the U.S. Citizenship and Immigration Services have been making random unannounced site visits to a number of employers around the country. They have asked to see a variety of documents related to H-1B employees, and have even asked permission to take photographs of...