• Life Science Companies under Increasing DOJ and SEC Scrutiny for Anti-Corruption Enforcement

    The pharmaceutical and medical device industry has always been among the most heavily regulated in the United States.  In recent years, however, these companies have become the subject of another regulatory and law enforcement focus: the Foreign Corrupt Practices Act (FCPA). The FCPA is a federal law that prohibits U.S. persons, companies, and issuers from, among other things, bribing or attempting to bribe foreign officials in order to secure an improper business advantage.  The FCPA was passed in 1977, but laid relatively dormant for decades.  In recent years, however, the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) have ...

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    Tuesday, August 23rd, 2016

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  • Goodwill in Partnership Valuations

        Should “goodwill” be a component in in determining the value of a partnership?  The Commercial Division in Albany County recently tackled this issue in the case of Romanoff v. Center for Rheumatology, LLP, et al. (J. Platkin).  The Center for Rheumatology is a medical practice founded in the 1980s and plaintiff Norman Romanoff, M.D. is one of the founding partners.  In late 2013, Dr. Romanoff decided he wanted to retire and sought to dissolve the practice and receive payment for his interest in the practice.  Despite Dr. Romanoff’s attempts to obtain an accounting from his partners, they allegedly refused to ...

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    Tuesday, August 23rd, 2016

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  • 5 Negotiation Habits to Break

      Habits are notoriously hard to break.  It’s human nature to settle into comfortable patterns of behavior and continue doing things as we’ve always done them.  Our approach to negotiation, whether in our personal and professional lives, is no different.  The hard bargainers come roaring into every negotiation trying to be bigger and brasher than everyone else, regardless of the issue or the stakes.  The avoiders routinely give away the store in their desire to get in and get out.  Most of us fall somewhere in between, bringing the same phrases, faces, and techniques from one negotiation to the next. Consistency can ...

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    Tuesday, August 23rd, 2016

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  • Pella Acquires LI Manufacturer

    By David Winzelberg Calverton-based Reilly Windows & Doors has been acquired by Pella Corporation in a deal that closed August 1. Terms of the acquisition were not disclosed. The Calverton company remains under the leadership of Michael Reilly and its 180 employees will continue making custom windows and doors at the firm’s 192,000-square-foot facility at 901 Burman Blvd. Reilly’s products will eventually be integrated into the Pella Crafted Luxury collection that is showcased in Pella’s 7,000-square-foot showroom at Chicago’s Merchandise Mart, according to a statement from the Iowa-based window and door giant. Founded in 1983, Reilly Windows & Doors has worked with architects and custom builders ...

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    Wednesday, August 17th, 2016

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  • National Landscape Firm Acquires LI’s Bissett

    By David Winzelberg Bissett Nursery Corp. and Bissett Equipment Corp. have been acquired by SiteOne Landscape Supply, a publicly traded company based in Roswell, Ga. Terms of the deal were not disclosed. Bissett is a 53-year-old family business with locations in Holtsville and Dix Hills that distributes nursery supplies and equipment. SiteOne plans to maintain both of Bissett’s Long Island locations, which cover nearly 50 acres of land. SiteOne was formerly known as John Deere Landscapes before changing its name when it went public in May. SiteOne, which has more than 465 locations across North America, is a distributor of wholesale irrigation, landscape lighting, nursery, ...

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    Wednesday, August 17th, 2016

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  • August 2016 CMM Newsletter: 5 Negotiation Habits to Break, & More

     

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    Wednesday, August 17th, 2016

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  • CMM Represents Bissett Nursery and Bissett Equipment in Sale to SiteOne Landscape Supply

    Campolo, Middleton & McCormick, LLP represented Long Island’s Bissett Nursery Corp. and Bissett Equipment Corp., leaders in the distribution of nursery and landscape supplies as well as equipment sales, rentals, and repairs to landscape professionals, in their acquisition by SiteOne™ Landscape Supply, LLC, a Georgia-based, publicly traded distributor of wholesale irrigation, landscape lighting, nursery, hardscapes, maintenance products, and supplies.  Christine Malafi led the CMM team, which also included Alan Weinberg, Arthur Yermash, and Vincent Costa.  Ronkonkoma-based Protegrity Advisors served as the exclusive selling agent for Bissett, with a team led by Bruce Newman, Protegrity’s president.  The terms of the sale ...

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    Friday, August 12th, 2016

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  • CMM Represents Reilly Windows & Doors in Acquisition by Pella Corporation

    Campolo, Middleton & McCormick, LLP represented Reilly Windows & Doors of Calverton, New York, a premier producer of high quality windows, doors, screens, shutters, millwork, and cabinetry, in its acquisition by Pella Corporation, a major designer and manufacturer of made-to-order and custom windows and doors.  The CMM team included Joe Campolo and Vincent Costa.  The terms of the sale will not be disclosed publicly. In a deal effective August 1, 2016, Reilly Windows & Doors will remain under the leadership of Michael Reilly, who founded the company in 1981 in a rented chicken coop and has since grown it to over ...

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    Friday, August 12th, 2016

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  • Costa to Present at Workshop for Entrepreneurs

    Vincent Costa will speak at the “If You Have a Dream to Start a Business” Workshop Day at the Stony Brook Small Business Development Center on August 25.  Costa’s presentation will focus on the benefits of hiring legal counsel rather than using an online legal service when forming a business, choosing an entity type, drafting a shareholder or operating agreement, and handling related matters facing entrepreneurs.  Other workshops will include tips for drafting business plans and accounting advice for startups. Costa focuses on corporate and transactional work at CMM.  He has successfully negotiated and closed a variety of complex corporate matters ...

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    Thursday, August 11th, 2016

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  • July 2016 CMM Newsletter: 3 Steps to Take After an Unsuccessful Negotiation, & More

         

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    Tuesday, August 02nd, 2016

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Fred Eisenbud