- Stephen “Rusty” Kozak joins FSG as an Associate
- Article – Tenants – Think Twice Before Signing That AIR Lease Form*
- Article “Agreements with Sales Representatives”
- Misclassification of an employee or a contractor can have severe tax and other consequences for the employer.
- Article “Classifying Workers: Contractors or Employees?”
- Friedman Stroffe & Gerard, P.C. again selected as one of “Top Orange County Law Firms”
- FSG’s Jim Stroffe featured in Orange County Business Journal’s “Law Firms Special Report”
- Robert Gerard and Bryan Friedman attend Surf Industry Waterman’s Ball event
The United States Department of Labor, Wage and Hour Division (“DOL”) has announced it will be conducting random audits in 2016 within the apparel industry to determine compliance with the Fair Labor Standards Act (“FLSA”), which includes, among other things, provisions on minimum wage, overtime, equal pay, child labor and record keeping requirements. In the past, these audits have resulted in companies paying substantial dollars in back wages arising from noncompliance for infringements by contractors used to manufacture goods. Read the full article.
IRVINE, CA, FEBRUARY 8, 2016 — Friedman Stroffe & Gerard, P.C. (FSG) has been selected by the Orange County Business Journal for its annual list of the top law firms in Orange County.
The list is compiled by Orange County Business Journal staff through surveys distributed to and completed by local law firms. This is the first year that FSG has submitted the survey data and the firm was immediately selected, ranking #76 in FSG’s first year on the list. Over 1,000 law firms, comprising over 16,000 attorneys, operate in Orange County, so ranking in the Top 100 is an honor.
“We’re pleased to be recognized by the Orange County Business Journal as one of the top law firms in Orange County,” says James D. Stroffe, managing partner. “We represent a broad spectrum of domestic and foreign clients, from corporations listed on national and regional stock exchanges to family-owned businesses and individuals — and we thank all of them for their support, which has allowed FSG to achieve this recognition. At FSG, we understand that our job is to support our clients in achieving their objectives in an efficient and cost-effective manner; this award proves that our approach works.”
FSG serves its clients in a wide variety of business transactions and litigation matters. Practice groups include: Corporate & Business; Intellectual Property; Real Estate & Construction; Litigation; and Employment & Labor.
FSG attorneys are not only highly qualified lawyers educated in the nation’s top law schools with backgrounds in reputable private firms, many have also served as in-house attorneys and senior business executives. See “Attorneys” for further information on the firm’s 12 attorneys.
IRVINE, CA, FEBRUARY 24, 2016 — The big question on everyone’s mind at last week’s Orange County State of the Market real estate conference in Irvine was what to expect in the year ahead. Over 300 commercial real estate professionals attended the event.
Friedman Stroffe & Gerard shareholder and attorney Jennifer Stroffe, who moderated the “Capital Markets – How and Where Deals Are Getting Done” panel, said experts are divided on whether there will be a downturn in the commercial real estate market this year. Her ad hoc poll of conference attendees was unanimous – no one expects a downturn in 2016! Jennifer’s panel members included: Brian Good, President, Eagle Group Finance; Jason Krupoff, SVP, Bellwether Enterprise; Kevin Kaberna, Senior Managing Director, Greystar Real Estate Partners; and Seth Grossman, Managing Director, Meridian Capital Group.
Carlsbad-based Meridian Capital Group managing director Seth Grossman said ”While we’re very bullish in California, this is the first time since 2011 there is reason to believe things are going to change.” In the past few months, lenders have pulled back on riskier deals, he said. “Lenders are imposing structure, so I think we’re not going to see the world end, not going to fall off a cliff this year, but there is definitely a change in the market, where small or less experienced players will not be treated as ‘institutionally’ as they think they deserve,” Grossman continued.
“Capital has become more selective, though not less available,” said LA-based Greystar Real Estate Partners managing director Shawn Hansen. He said the cost for capital is a little higher than the middle of last year. “We’re also seeing spreads widen—about 25 basis points and are using fixed and floating debt—more floating right now using the big balance sheet lenders.”
Jennifer also asked what factors or variables will impact the market in 2016. Read an article with more details of the panel discussion.
With over 13 years of experience in complex business and real estate transactions, Stroffe acts as outside general counsel to various businesses ranging from local startups to national companies. Her practice focuses on the structuring, negotiating and closing of commercial transactions, including the acquisition, disposition and financing of businesses, real property and personal property. Stroffe provides advice to Firm clients on all types of business matters, from corporate governance, commercial contracts, licensing, leasing and the myriad other corporate and real estate issues faced by most businesses.
Prior to joining FSG, Stroffe was an associate attorney with the Los Angeles office of Latham & Watkins, where her duties were split between the Real Property and Corporate Finance departments. Before beginning her law career, Stroffe was a four year starter on the nationally ranked NCAA Division I Women’s Volleyball Teams for both UC Santa Barbara and Michigan State University and was recognized nationally as an All Big West player and Academic All-American. Raised in Orange County, Jennifer attended Corona Del Mar high school, where she was a two-time first team All-American on its women’s volleyball team, winning unprecedented back-to-back National Championships.
Stroffe earned her J.D. from the University of California, Berkeley, School of Law (Boalt Hall), Master’s degree from Michigan State University, and Bachelor’s Degree, Summa Cum Laude, from the University of California at Santa Barbara. She is a member of the State Bar of California, Orange County Bar Association, Commercial Real Estate Women – Orange County (former president and member of the board of directors), Athletes Touch, and is a licensed real estate broker with the California Bureau of Real Estate.
Susan Arduengo explains how action sports employers can throw a festive holiday party without a legal hangover. Read article, reprinted with permission from Shop-Eat-Surf.com.
FSG’s “Legal Briefing” enewsletter, November 2015 issue, is now available. Topics include:
- Transactional attorney Gregory Brucia joins FSG as shareholder
- FSG represents Loomworks Apparel in acquisition
- Article: LA Minimum Wage Law
- Recent Engagements: Litigation Practice Group
- Orange County Transactional Network
Branded and private label apparel products manufacturer Delta Galil Industries, an Israeli company, has agreed to acquire the P.J. Salvage brand and other assets from Irvine-based Loomworks Apparel for an undisclosed amount. Friedman Stroffe & Gerard, P.C. partner Bryan Friedman and associate Jennifer Stroffe represented Loomworks Apparel in all legal aspects of the transaction. Financial terms of the agreement will not be disclosed.
Businesses that utilize staffing companies should pay close attention to Assembly Bill 1897 (“AB 1897”), which took effect on January 1, 2015. The law imposes joint liability on both the staffing company and the business for the staffing company’s wage and hour violations and/or failure to secure workers’ compensation coverage. Read the full article.
Questions? Contact Susan at email@example.com.
IRVINE, CA, February 27, 2015 – Friedman Stroffe & Gerard, P.C. (“FSG”) today announced that it has obtained a $23 million final judgment in a California federal court against Utah-based, SilverLeaf Financial, its CEO Shane Baldwin, and related Baldwin controlled entities, for theft, misappropriation, and fraud.
Among other things, the complaint alleged that the defendants engaged in a pervasive scheme to defraud investors out of hundreds of millions of dollars through the sale of sham “participation interests” in loans secured by real estate, instead diverting those monies to themselves to facilitate a lavish lifestyle that included exotic cars, court-side professional basketball seats and private jets.
Characterizing the defendants’ conduct as deceptive and malicious, Judge Andrew Guilford levied over $11 million in punitive damages against the defendants to punish and deter future conduct in addition to the almost $12 million in compensatory damages. FSG also obtained a judgment quieting title to Silverleaf owned real estate worth millions of dollars, awarding title to those properties instead to FSG’s client.
“Friedman Stroffe & Gerard’s victory on behalf of Plaintiff, and the sizeable judgment awarded by the court, signals a clear judicial recognition of the centrally important role real estate plays in America’s economy and its intent to vigorously protect those who invest in it, in good faith, against the trickery and deceit of others” said FSG shareholder James D. Stroffe. “As a firm specializing in sophisticated financial and real estate matters, our role is to protect our clients – through litigation, if necessary — against the predatory and deceitful business tactics of others, like those perpetrated by Mr. Baldwin and SilverLeaf Financial.”
FSG’s team on this case consisted of James Stroffe, Jennifer Stroffe, and Sasan Behnood.