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Frivolous Suits

Ronald Perelman, multi-billionaire and Revlon chairman is entangled in a complex and high stakes suit with his former brother-in-law, Robert Cohen.

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Frivolous Suits

  1. 1. FeatureFrivolous SuitsBy Todd SchultzRonald Perelman, multi-billionaire and Revlon chairman is entangled in a complex and high stakes suit with his former brother-in-law,Robert Cohen. Cohen is the brother of Samantha Cohen, a former New York gossip columnist whom Perelman divorced in 1993 anddied due to ovarian cancer in 2007.The original law suit was put forth by Perelman’s law firms, These potentially damaging words from the judge did notPaul, Weiss, Rifkind, Whatron & Garrison and Lownestein sit well with heads at Paul Weiss. Chairman at Paul Weiss,Sandler. The suit claims that Perelman and his ex-wife’s Brad Karp, said, ‘’We believe the lower court’s decisiondaughter, Samantha Perelman, is entitled to half of Robert and monetary award are unjustified. We firmly believe thatCohen’s fortune, which looms somewhere in the neighborhood the representation we provided our client was proper andof a billion dollars. That claim might seem a bit off, seeing as appropriate.’’how Robert Cohen has six grandchildren. Perelman claims,however, that his former father-in-law promised that money to The managing director at Perelman’s other firm, LowensteinClaudia, and as the executor of her estate, it was his duty to Sandler, also gave a statement, saying, ‘’Lowenstein Sandlersue. acted properly at all times in representing its client in this matter. We believe that this decision is contrary to establishedPerelman’s suit was dismissed and now a New Jersey state law and may have the unfortunate consequence of chillingcourt judge, Ellen Koblitz, has ordered Perelman’s two firms effective advocacy in this jurisdiction.’’to pay nearly $2 million to pay the legal fees of RobertCohen and his son, James. She dismissed Perelman’s case Paul, Weiss, Rifkind, Wharton & Garrison LLP is headquarteredas frivolous, on the record, stating, ‘’Without remorse, or on Sixth Avenue in New York City. With over 500 attorneysan acknowledgement of wrongdoing, how can they reassure worldwide, they were ranked the third most profitable lawthe court that this behavior will not reoccur? How will they firm per partner in the U.S. in 2006. In addition to their officerecognize frivolous litigation and avoid it the next time?’’ in New York City, the firm holds offices in Washington D.C.,Koblitz further addressed Paul Weiss, who claimed to have Wilmington, London, Tokyo, Beijing and China.never engaged in frivolous suits. Lowenstein Sandler is a New Jersey-based firm focusing on ‘’Paul Weiss offers no demonstrable reason why they corporate transactions, litigation, bankruptcy, and intellectual might not engage in this type of offensive litigation again. property. The National Law Journal ranked them the 157th They claim never to have been found to have engaged in largest law firm in the United States and the AmLaw 200 frivolous litigation in the one hundred year history of the placed them at 84 in terms of profit per attorney. In 2007 they firm. They argue that it will not happen again because it posted a revenue of $172 million. did not happen before. Of course, firms change lawyers and practices. Without recognizing and addressing a problem, it is hard to be sure that it will not resurface,’’ Koblitz said. EmploymentCrossing is the largest collection of active jobs in the world. We continuously monitor the hiring needs of more than 250,000 employers, including virtually every corporation and organization in the United States. We do not charge employers to post their jobs and we aggressively contact and investigate thousands of employers each day to learn of new positions. No one works harder than EmploymentCrossing. Let EmploymentCrossing go to work for you.PAGE www.lawcrossing.com

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