Author: pmalaw

PMA’s Dealer and Distribution Group Scores Victory for Client at Preliminary Injuction Phase

Litigation Partner Jorge I. Peirats and Associate Maritere Colón recently achieved a favorable outcome for one of its clients against which a request for preliminary injunction was filed under Act 75 (dealer’s act) and Act 21 (sales representative’s act) and in the alternative for a provisional remedy under Rule 56 of the Puerto Rico Rules of Civil Procedure. The Court of First Instance, San Juan Part, dismissed the Act 75 and Act 21 causes of action and denied the request for a provisional remedy. The Opinion and Order was issued after a seven-day evidentiary hearing.

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Partner Néstor Méndez chosen as a Member of the National Board of the Foundation of the Federal Bar

Litigation Partner Néstor Méndez was appointed to serve a three year term on the Board of the Foundation of the Federal Bar Association. The Foundation is a non-profit, Congressionally-chartered organization that is separate, but works closely with the Federal Bar Association. Its mission is to promote and support legal research and education; advance the science of jurisprudence; facilitate the administration of justice; and foster improvements in the practice of federal law. The FBA Foundation also runs the FBA Fellows Program.

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Governor Elect Fortuño Taps PMA Partner for Economic and Fiscal Reconstruction Advisory Council

At the request of Governor Elect Luis Fortuño, Partner Manuel R. Pietrantoni has joined a group of fourteen prominent Puerto Rico business leaders to recommend solutions to address and tackle the Island’s fiscal and economic challenges. As reported in the Tuesday November 11, 2008 edition of The Puerto Rico Daily Sun, the “work of the . . . [Economic and Fiscal Reconstruction Advisory Council] . . . is intended to guide the Fortuño administration after it takes office [on] January 2, 2009.”

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PMA successfully defends Banco Popular de Puerto Rico in antitrust case

Ticket Center Inc. v. Banco Popular de Puerto Rico, Case Num. 04-cv-20621. On October 31, 2008, the U.S. District Court for the District of Puerto Rico granted Banco Popular\’s motion for summary judgment and dismissed a $45 million Complaint for Ticket Center’s failure to provide any admissible evidence to prove that Banco Popular engaged in any anti-competitive activity in violation of the Bank Holding Company Act or the Sherman Act.

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Néstor M. Méndez Gómez participates in induction of Federal Judge Hiram R. Cancio as FBA Life Fellow

The Firm congratulates Néstor M. Méndez Gómez, a Life Fellow of the Federal Bar Association Foundation, for his contribution to the Historical Portraits Project undertaken by the U.S. District Court for the District of Puerto Rico. Néstor helped to organize a July 10, 2008 ceremony to unveil three portraits of former judges of the Court, including that of its first Article III Judge, Hiram R. Cancio and was the spokesperson during the induction of Judge Cancio as a Life Fellow at the event.

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PMA Represents Local Developer in the Financing of the New St. Regis Bahía Beach Resort

A team of PMA attorneys, led by Ignacio Alvarez, Antonio Santos and Antonio Molina represented Bahía Beach CH Development, LLC in the successful closing in June 2008, of a $119 million financing for the construction of the St. Regis Bahía Beach Resort, Puerto Rico’s first five star hotel. PMA has been assisting this client in the overall development of the 600 acre Bahía Beach Resort since its commencement.

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PMA Continues Active in M&A Transactions

PMA recently represented the purchaser in the acquisition of substantially all the assets of Puerto Rico’s largest coffee enterprise, Yaucono, which closed in June 2008. PMA also acted as the lead counsel to the seller in the sale of Borschow Hospital & Medical Supplies, Inc. to a subsidiary of Cardinal Health, Inc., which closed in August 2008.

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