Davis & Gilbert LLP has announced that Brian R. Gallagher has joined the firm as a tax partner.
Mr. Gallagher's diverse practice focuses on a wide range of domestic and international tax issues arising in the areas of mergers, acquisitions, dispositions, and corporate restructurings, as well as transactions involving investment, operating, and foreign partnerships and limited liability companies. Additionally, he provides guidance on compensation matters for public, closely held and start-up companies.
Mr. Gallagher, together with Stephen P. Foley, will lead the expansion of the firm's tax practice. Prior to joining Davis & Gilbert, Mr. Gallagher served as chair of the Tax, Trusts, and Estates Practice at Thelen LLP.
On January 23, 2009 a unanimous three-judge federal appeals panel ruled that Taco Bell could not pass off $42 million in damages to TBWA, its former advertising agency, adopting the arguments made by Paul F. Corcoran, a partner with Davis & Gilbert LLP. The U.S. Court of Appeals for the Ninth Circuit held in Taco Bell v. TBWA that Taco Bell, and not its ad agency, was responsible for paying the $42 million in damages and accumulated interest to Wrench Corporation, a Michigan marketing company, that claimed the fast-food chain ripped-off its Chihuahua mascot for a Taco Bell television ad campaign that aired between 1997 and 2000.
This case was followed closely by the legal community and mainstream media, as the TBWA's advertising campaign featuring the Spanish-speaking Chihuahua had garnered more than $500 million in ad revenues and remains iconic to this day.