Loeb & Loeb Expands Corporate Department Into Chicago

Friday, February 1, 2008 - 00:00

Loeb & Loeb LLP has announced that Elizabeth L. Majers will join the firm's Chicago office as a partner in the Corporate Department, working in the Commercial Finance and Bankruptcy, Workouts and Creditors Rights practice groups.

Ms. Majers joins from McDermott Will & Emery LLP in Chicago where she was a partner and served as chair of the Global Corporate Finance Practice Group and was the partner-in-charge of client relations. Her move marks the expansion of the Loeb & Loeb's Corporate Department into the Chicago office, further diversifying the footprint of this growing office.

Ms. Majers has primarily represented institutional lenders in the area of the direct placement of corporate securities. She has represented virtually every major insurance company and pension fund active in the private placement industry as well as hedge funds, banks, capital companies and other financial institutions in connection with their purchase of privately placed securities. Ms. Majers' practice will complement and enhance the specialty finance products that Loeb already offers.

Loeb & Loeb launched the Mortgage Industry Services Group in 2007 to advise clients with respect to the myriad of legal, economic and practical issues that have arisen as a result of the dislocations and upheavals in the subprime mortgage market.

In addition to Majers's move to the Chicago office, Loeb & Loeb recently added Scott Edel in Los Angeles, a partner who focuses on entertainment industry transactions.

Loeb & Loeb LLP attorneys secured an order in the Los Angeles Federal District Court granting reconsideration of the previous summary judgment decision that stripped Marilyn Monroe of her posthumous publicity rights. Had the original ruling remained in place, Ms. Monroe's estate would have been unable to prevent others from commercially exploiting the actress' name or image on a wide array of tawdry and tasteless products.

Reconsideration was granted in light of recently enacted California legislation (SB 771), authored by State Senator Sheila Kuehl and supported by Loeb & Loeb attorneys, which clarified the original intent of the 1985 California law that created an enforceable post-mortem right of publicity for deceased actors, artists and other celebrities.

Loeb & Loeb partners Laura Wytsma and Doug Mirell were responsible for securing this important result for their client Marilyn Monroe LLC.