Lowenstein Sandler PC served as primary legal advisor to ID Systems Inc., a leading provider of wireless asset management solutions, in its acquisition of Asset Intelligence, LLC, a business unit of General Electric Co. The cash deal is valued at $15 million, with an additional cash consideration of up to $2 million payable upon the achievement of certain performance milestones.
The Lowenstein Sandler team consisted of a team including Steven E. Siesser, Marissa L. Morelle, Kylie Cooper, Mark P. Kesslen, Lisa K. Schroeder, Andrew E. Graw and Richard J. Horne.
Lowenstein Sandler successfully defended the town of Babylon, New York and the North Amityville, New York Volunteer Fire Company in a recent case before the U.S. Court of Appeals for the Second Circuit. In AMW Materials Testing, Inc. v. Town of Babylon, 584 F.3d 436 (2d Cir. 2009), the Court held that the CERCLA statutory scheme provides immunity to firefighters and emergency first responders from CERCLA liability arising from actions taken in response to emergencies relating to the release of hazardous substances, unless they act with gross negligence or intentional misconduct. The Lowenstein team consisted of Richard Ricci, Priya Masilamani and Alyson Powell.
Lowenstein Sander is pleased to announce that five attorneys have been elected as Members of the firm effective January 1, 2010: Michael Hahn in Antitrust; Jason E. Halper in Litigation; Scott H. Moss in Investment Management; Ethan A. Skerry in Corporate Securities/M&A; and S. Jason Teele in Bankruptcy.
"This is an outstanding class of new Members, representing a cross-section of Lowenstein Sandler's key practice areas," said Lowenstein Managing Director Gary M. Wingens. "All five attorneys bring to the partnership deep and diverse experience in their respective practices, and we look forward to the contributions they will make in their new roles with the firm."