When JPMorgan Chase & Co.’s Jamie Dimon got a 74 percent raise in January, U.S. Attorney Preet Bharara fumed. He had forced the bank just weeks before to pay $1.7 billion for enabling Bernard Madoff’s Ponzi scheme. And yet Dimon was being rewarded.
Leonard M. Rosen, a founder of the Wachtell, Lipton, Rosen & Katz law firm who helped avert a New York City bankruptcy in 1975 and created a restructuring practice that would guide the U.S. through the 2008 mortgage crisis, has died. He was 83.
James E. Tyrrell Jr., the Patton Boggs LLP litigator who was the key firm partner involved in a lawsuit targeting Chevron Corp. for pollution in Ecuador, joined Edwards Wildman Palmer LLP as a partner in Morristown, New Jersey, and New York.
Latham & Watkins LLP advised Darden Restaurants Inc., which agreed to sell the Red Lobster seafood- restaurant chain to Golden Gate Capital for $2.1 billion. Kirkland & Ellis LLP represented Golden Gate. Wachtell, Lipton, Rosen & Katz is legal adviser to Darden directors.
This week’s notable deaths included a Nobel Prize-winning novelist; a co-founder of Wachtell, Lipton, Rosen & Katz law firm who helped avert a New York City bankruptcy in 1975; and the billionaire founder of France’s second-largest drugmaker who was the focus of a healthcare scandal. Below are summaries of these and other obituaries from the past week.