Joseph Allerhand

Joseph, click here to claim your profile for free! Weil, Gotshal & Manges LLP

Jurisdictions Admitted to Practice

Professional Experience

: Current; Friendly Ice Cream Corporation Sale of Friendly Ice Cream Corporation Advised Friendly Ice Cream Corporation in connection with its $337 million going private acquisition by Sun Capital Partners.

: Current; THL Partners; Fidelity National Financial, Inc. Acquisition of Ceridian Corporation Advised THL Partners and Fidelity National Financial, Inc. in connection with their $5.3 billion public-to-private acquisition of Ceridian Corporation.

: Current; Reuters Group plc Acquisition of Reuters Group plc by The Thomson Corporation Representing Reuters Group plc in its £8.7 billion acquisition by The Thomson Corporation.

: Current; Leucadia National Corporation IDT Telecom Inc. v. CVT Prepaid Solutions, Inc. Successfully opposed motion for preliminary injunction against Leucadia in connection with allegations of false advertising with respect to prepaid calling cards.

: Current; Resurgence Asset Management, LLC Xerion Partners, et al. v. Resurgence Asset Management, LLC, et al. Successfully moved to dismiss a federal securities fraud litigation brought against Resurgence Asset Management, LLC in connection with allegations of material misstatements and omissions.

: Current; Friendly Ice Cream Corporation Blake v. Smith, et al. Successfully defended shareholder derivative action against, inter alia, three outside, independent directors of Friendly Ice Cream Corporation. The Court granted our motion to dismiss on the ground that the plaintiff’s breach of fiduciary duty claims were barred as a matter of law by the exculpatory (also known as the “raincoat”) provision of Friendly’s articles of organization, as authorized by Massachusetts statutory law, which shields outside directors from personal monetary liability for claims rooted in alleged violations of the directors’ duty of due care.

: Current; First BanCorp In re First BanCorp Derivative Litigation Defended First BanCorp and several of its officers and directors in a shareholder derivative action in Puerto Rico federal district court, involving claims for breach of fiduciary duty, abuse of control and waste of corporate assets arising from the alleged improper accounting classification of mortgage transactions and financial derivatives. Secured dismissal of the complaint.

: Current; Excite@Home Bondholders' Liquidating Trust Williamson v. AT&T Corporation, et al. Obtained a favorable settlement for Excite @Home in a series of multi-billion dollar breach of fiduciary duty and securities lawsuits against AT&T, Cox, Comcast and others arising from their role as controlling shareholders in the first company to provide high-speed internet access via cable modem. more

: Current; M.D. Sass Investors Services Inc. Martin D. Sass and Hugh R. Lamle M.D. Sass Investors Services, Inc., Martin D. Sass and Hugh R. Lamle/Rubin - M.D. Sass Investors Services, Inc., et al. v. James B. Rubin, et ano. Lead counsel for M.D. Sass, an asset management firm with billions in assets under management, in litigation and arbitration proceedings relating to its “distressed securities” business and a dispute with a 50% partner in the business. more

: Current; M. H. Meyerson & Company Inc. In re M.H. Meyerson & Co., Inc. Securities Litigation Weil Gotshal successfully obtained dismissal of a securities fraud class action brought by shareholders of client M. H. Meyerson & Company, Inc. Plaintiffs had alleged Meyerson made false and misleading statements during the class period and omitted material facts in order to inflate the market price of Meyerson's common stock.

: Current; AK Steel Holding Corporation Fidel v. AK Steel Holding Corp., et al. Defended AK Steel, a major US steel manufacturer, and its directors in a nationwide securities class action arising from alleged misleading projections and communcations to analysts. more

: Current; Merrill Lynch & Co. Inc. Merrill Lynch/Securities Class Action Obtained dismissal of claims against Merrill Lynch & Co., Inc. in a complex purported shareholder derivative and class action involving alleged securities and ERISA violations, for the alleged failure to disclose material information in connection with Merrill Lynch's acquisition of a leading NASDAQ market-maker.

: Current; Hollywood Casino Corporation Sale of Hollywood Casino Corporation Represented Hollywood Casino Corporation in its $780 million sale to Penn National Gaming, Inc.

: Current; Entravision Communications Company L.L.C. Laurence v. Entravision Communications Company, L.L.C. Co-lead counsel representing Entravision Communications Company, L.L.C. in arbitration action in which plaintiff sought $60 million under an agreement to locate certain television stations for Entravision. Following a 7-day arbitration trial, the arbitrator awarded plaintiff less than $1 million.

: Current; Confidential Matter Arbitration panel awarded $20.5 million to a Weil Gotshal client on a breach of contract claim involving a highly complex telecommunications contract.

: Current; Merrill Lynch & Co. Inc. Merrill Lynch/Stewart Enterprises Secured dismissal for Merrill Lynch and other underwriters in a securities fraud action involving Stewart Enterprises. more

: Current; Morgan Stanley Morgan Stanley/Shareholder Class Action Defended Morgan Stanley in a shareholder class action brought under Section 11 of the Securities Act of 1933. Persuaded plaintiffs to voluntarily dismiss claims without litigation.

Education