Dechert Secures Victory in Schron, Cammeby’s Equity Holdings in SavaSeniorCare Acquisition Suit

Following a two-week bench trial before Justice O. Peter Sherwood of the New York Supreme Court, Dechert achieved a victory today on behalf of Rubin Schron and Cammeby’s Equity Holdings with the court’s ruling that Cam Equity may acquire SavaSeniorCare LLC, a national nursing-home company, through the assumption of $100 million in outstanding debt. In so doing, Justice Sherwood rejected the claims of Sava’s owners, Leonard Grunstein and Murray Forman, that Schron had fallen $120 million short on his lending commitments as a “prevarication” and concluded that the “mendacity of Grunstein and Forman” entitled their story to be given no weight.

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Tags:  Dechert LLP | New York

Morgan Lewis Grows FDA & Healthcare Practice with Five-Partner Food and Drug Team

Morgan Lewis today announced that a team of five well-recognized FDA regulatory lawyers have joined the firm as partners in its FDA and Healthcare Practice, resident in Washington, D.C. Led by Gary Yingling—one of the most senior, well-respected FDA lawyers in the country—the team includes former senior USDA attorney Robert Hibbert, as well as Ann Begley, Anthony Pavel, and Rebecca Dandeker. Having worked together for many years, the group serves both domestic and European companies that operate in every sector of the FDA- and USDA-regulated industries.

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Tags:  Morgan, Lewis & Bockius LLP