From the Managing Partner
For 70 years, Nossaman has delivered the highest quality legal expertise and policy advice for clients across California and the nation. We have earned our reputation as a law firm that "makes it happen" for clients by virtue of the energy, passion, and professionalism that our attorneys and policy advisors put into their work. We provide practical and cost-effective advice that produces results – deals get closed, lawsuits are won, and innovative projects get delivered.
These are exciting times at Nossaman, and we are proud to have partnered with our clients to achieve recent major results. Our Litigation Department celebrated a significant win with our client, the Federal Deposit Insurance Corporate (FDIC), in Federal Deposit Insurance Corporation, as the Receiver for IndyMac Bank, F.S.B. v. Scott Van Dellen et al. where the FDIC was awarded a $169 million verdict. This was the first lawsuit filed against former bank officers by the FDIC arising out of the recent financial crisis and was also the first such suit to go to trial. This verdict was #13 on the National Law Journal's list of the "Top 100 Verdicts of the Year" for 2012, and was profiled by the Daily Journal as the Top Plaintiffs' Verdict by Impact for 2012 and named the second largest Plaintiffs' Verdict by Dollar for 2012 (the only case to earn a place on both Daily Journal lists).
Also celebrating many recent milestones, Nossaman's Infrastructure Practice Group, named one of the Top Project Finance Practice Groups of 2012 by Law360, served as the lead outside legal advisor to the California Department of Transportation ("Caltrans") on the $1.1 billion Presidio Parkway Project, the first transportation project in California to be delivered under the state's recently enacted public-private partnership (P3) statute. The project was recognized as one of top three transport projects in world by Partnerships Bulletin and PPP Bulletin International and has won numerous additional awards, including "Americas P3 Deal of the Year" from Project Finance International, "2012 North America Public Private Partnership Deal of the Year" from Project Finance Magazine, "P3 Project of the Year" from American Road & Transportation Builders Association (ARTBA), and "Best Real Estate Deal of the Year" in the category of Infrastructure/Public-Private Partnership from the San Francisco Business Times. Our Infrastructure group also advised the Virginia Department of Transportation on the procurement and negotiation of a $2.1 billion toll concession P3 to design, build, finance, operate, and maintain the Downtown Tunnel/Midtown Tunnel/MLK Freeway. The project was the first United States transportation P3 to reach financial close in 2012 and is the largest transportation project undertaken in the region in almost 30 years.
Additionally, members of Nossaman's Healthcare and Corporate Practice Groups successfully represented HealthCare Partners, the country's largest operator of medical groups and physician networks, in their merger agreement with DaVita Inc., a leading provider of kidney care services for those diagnosed with chronic kidney disease. The $4.42 billion merger was the fifth largest M&A deal in California in 2012.
Continuing the streak of success, Nossaman's Environment and Land Use Practice Group successfully defended the construction of a new $1.5 billion light rail transit line that will connect downtown Los Angeles with Santa Monica in a case of great importance to transportation and public works projects. Nossaman advised the Exposition Metro Line Construction Authority on environmental compliance issues and defeated state and federal legal challenges under the California Environmental Quality Act and the National Environmental Policy Act. When completed, the project will establish the first modern rail transit connection between downtown and the west side of L.A. – an area with among the worst traffic congestion in the nation.
To our current clients, I sincerely thank you for your continued confidence in our firm and the privilege to address your legal needs. To our team members, strategic partners, and referral sources, your dedication and loyalty have made our progress possible. To our prospective new clients and those talented individuals looking for a rewarding place to work, I invite you to explore the possibilities of what Nossaman can do for you. Together, we can make it happen.
– George Joseph, Managing Partner