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Sloane & Co. represents Revlon as it battles a lawsuit by UMB Bank charging the cosmetics company wrongfully pledged key assets such as Elizabeth Arden and Almay as collateral in order to secure a $1.8B loan in 2016.
Lenders that have resisted Revlon's restructuring efforts, according to the Wall Street Journal, back the suit.
Revlon calls the suit "baseless" and "directed by a group of desperate lenders seeking to enrich themselves by harming Revlon."
While vigorously challenging the "meritless accusations," Revlon promises it "will continue to focus on successfully managing through the impacts of the global pandemic while executing against our strategic plan."
The Journal notes that Revlon, which is backed by billionaire Ron Perelman's MacAndrews & Forbes, "has been struggling with changing consumer tastes and the headwinds stemming from the coronavirus pandemic’s devastating impact on American retailing."
Sloane & Co.'s Dan Zacchei and Joe Germani represent Revlon. Their firm is part of Stagwell Group's SKDKnickerbocker operation.
Longacre Square Partners has formalized its litigation & complex disputes practice under COO Rebecca Kral.
Vision Americas International has filed a $1.3M contract to provide communications and PA support to Vinson & Elkins to backstop its legal work on behalf of the ad hoc board of Petroleos de Venezuela, the US recognized representative of the state-owned energy giant.
FGS Global handles Albertsons Co. as it sues former merger partner Kroger for failing to fight for approval of the deal after it was blocked by a federal judge.
Michael Frishberg, who was global COO at Kroll financial and risk advisory, has signed on as a senior advisor at C Street Advisory Group.
A 30-year industry vet gives a look inside the Land of the Law from a PR person's perspective.
