 |
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.
Mike McNamara, the former US CEO of Dentons, has joined Baretz+Brunelle, which serves the legal economy, as its first CEO.
Publicis Health has agreed to shell out $350M to settle claims that its predatory and deceptive marketing for Purdue Pharma designed to increase sales of OxyContin helped fuel the opioid crisis, according to New York attorney general Letitia James.
Andrew Garson pled guilty in New York federal court on Nov. 1 to charges that he defrauded his former employers MWWPR and Catalyst PR of millions of dollars. He agreed to pay $3.8M in restitution and could be 
Chambers puts Reevemark, FGS Global, The Levinson Group, Trident DMG and Brunswick Group at the top of the heap for firms providing litigation PR and communications in its newly released rankings for 2023.
Gloria Labbad, partner and senior counsel at FGS Global, has joined Heather Podesta’s Invariant as it beefs up its litigation communications unit.
Have a comment? Send it to 
No comments have been submitted for this story yet.