February 26, 2008
BLB&G partner Mark Lebovitch served as a panelist at New York University of Law’s Journal of Law & Business Second Annual Spring Symposium entitled, “Contemporary Issues in Private Equity after the Credit Crunch,” which was held February 26, 2008 at the New York University School of Law.
Participating in the panel entitled, “Private Equity’s Challenges after the Credit Crunch,” Mr. Lebovitch and his fellow panelists examined the history of private equity and the reasons behind the boom of the last several years, as well as the economic and political forces at work behind the current credit crunch, the challenges it has created for private equity, and the legal issues private equity players are facing today.
Mr. Lebovitch is one of the partners primarily responsible for the Firm's corporate transaction litigation practice. In that role, he has helped to obtain for shareholders billions of dollars in additional consideration and significant corporate governance improvements by asserting breach of fiduciary duty claims arising from, among other things, the hostile takeover battles over Caremark Rx, Inc. and CBOT Holdings, Inc., the private equity buyout of Ceridian Corporation, the acquisition of Commerce Bancorp., and the going private proposal for Cablevision Systems Corporation. Mr. Lebovitch is a member of the Firm's subprime litigation team, which focuses on vindicating shareholder and consumer rights arising from the mortgage and mortgage-based security debt crisis, and is also a member of the teams prosecuting In re Suprema Specialties, Inc. Securities Litigation, and In re Omnicom Group, Inc. Securities Litigation.