O’Melveny’s Lipshitz Quoted in Bank Investment Consultant

September 09, 2013 O’Melveny & Myers partner Doron Lipshitz was quoted in a September 9, 2013, Bank Investment Consultant article.  The piece focuses on the lingering legal exposure that Regions Financial has experienced following the sale of subsidiary Morgan Keegan to Raymond Jones Financial last year.  As the article reports, Regions has agreed to indemnify Raymond James for all litigation costs associated with Morgan Keegan.  Lipschitz told the publication that the indemnification “carries its own level of risk,” and suggests that Regions maintain long-term reserves to cover these legal costs.  "The bottom line is, they are going to have this headache for many years to come," he said in the article.

Lipshitz is a member of O’Melveny’s Mergers and Acquisitions and Private Equity Practices, and resides in the Firm’s New York office.