Prominent plaintiffs’ firms sought government bailout to stay afloat

Several prominent plaintiffs’ law firms, known for striking large settlements with companies like German carmaker Volkswagen AG (VOWG_p.DE) and Equifax Inc, were approved for loans that totaled tens of millions of dollars in government aid meant to help small businesses stay afloat during the coronavirus pandemic.

San Francisco-based Lieff Cabraser Heimann & Bernstein, which has 100 lawyers and bills itself on its website as “among the largest law firms in the United States that only represent plaintiffs” was approved to receive between $2 million and $5 million under the Paycheck Protection Program, according to data released Monday by the U.S. Treasury Department and Small Business Administration.

Other prominent plaintiffs’ firms that were approved for government aid include Motley Rice, Morgan & Morgan and Bernstein Litowitz Berger & Grossmann, according to a review of the government data by Reuters.

U.S. law firms have been hard hit by the pandemic and nearly 15,000 firms got the green light to receive up to $13.1 billion in federal loans.

Private law firms are not required to publicly disclose their finances.Unlike defense firms, which charge clients by the hour, plaintiffs’ lawyers in the United States largely work on a contingency basis and receive a cut of the final settlement.

And with many courts shuttered and jury trials on pause, settlements and attorney payouts have been delayed, according to plaintiffs’ lawyer Stuart Grant, the managing director of Bench Walk Advisors, a litigation finance group.

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Social Paranoia Wins the G3 Poker Stakes

The Elkstone Group’s Social Paranoia took the overland route when rallying to a second graded stakes win this season in Saturday’s $150,000 Poker Stakes (G3) at Belmont Park on Saturday.

Social Paranoia had just one horse beaten in the one-mile Poker as Dream Friend set moderate fractions of :24.50 and :49.28 for the opening half mile with Got Stormy and Valid Point stalking the pace.

After six furlongs reached in 1:13.07, the three front-runners and Seismic Wave were among a quartet of horses lined up on the lead when turning from home. Seismic Wave first managed to wrest the lead in mid-stretch, but rolling along the outside came Social Paranoia and jockey Jose Ortiz, who kicked clear and won going away.

“I think the soft ground helped a little bit today,” Ortiz said. “He’s good at a mile, a mile and a sixteenth, a mile and an eighth. He can do whatever because he relaxes early, which is the most important thing in these turf races.”

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May 2020 Member of the Month: Stuart Grant

The past two years have been magical for owner Stuart Grant. Campaigning in the name of The Elkstone Group, Grant has raced, solo and in partnership, horses who have earned over $20 million since 2002, including two champions.

A prominent attorney based in Greenville, Delaware, Grant hails from Flatbush, Brooklyn. Grant learned to handicap from his high school science teachers. “I, of course, took a liking to that and they taught me to handicap and all that,” he said. “And we’d figure out to run bets out to OTBs in the Bronx, which was about only twenty minutes away from where I went to school in Westchester.”

Working in the Catskills each summer, he hung around Monticello Raceway. “I loved going to the horses, but I never thought owning a racehorse was in the realm of possibility,” Grant confessed. “So I guess I didn’t have that dream because I didn’t consider at various times in my life that that was possible.”

Visit TOBA website for the full article about Stuart Grant

2020 Beau Biden Scholarship Winners Named

632020Scholarship Finalists

More than $25,000 in scholarship funds have been awarded to six graduating high school seniors in honor of Beau Biden, Delaware’s former Attorney General.

The Beau Biden Memorial Scholarship was established by the I Could Do Great Things Foundation, founded in 2009 by Stuart M. Grant and Suzanne B. Grant of Wilmington.
This years recipients were selected out of a pool of 100 applicants.  They include three award winners and three finalists who will receive scholarships ranging from $10,000 to $1000.
Allison Dayton of Seaford, Jacqueline Means of Wilmington and Greg Fleming of Wilmington were awardees.
The Beau Biden Scholarship selection committee commented that, “Allison, Jacqueline and Greg have consistently demonstrated the highest standard of leadership, service and compassion in their school and local communities. Each recipient exemplifies Beau’s legacy of service and accomplishment and we expect that they will each go on to do great things.”

The Stuart and Suzanne Grant Foundation announce 2020 Beau Biden Scholarship Winners

The I Could Do Great Things Foundation, founded in 2009 by Stuart M. Grant and Suzanne B. Grant, is pleased to announce the 2020 winners of the annual Beau Biden Memorial Scholarship. The 2020 Scholarship recipients are an impressive trio of high school seniors from Delaware – Allison Dayton of Seaford, Jacqueline Means of Wilmington and Greg Fleming of Greenville.

Named in honor of former Delaware Attorney General Beau Biden, who passed away in 2015 at age 46, the scholarship was established by the I Could Do Great Things Foundation, an independent Delaware-based philanthropy. The scholarship honors college-bound high school seniors from Delaware “who embody the virtues of Beau Biden, who exhibit qualities of leadership, community, civility, respect, and a strong moral compass.”

Read More at ‘I Could Do Great Things’, the Stuart and Suzanne Grant Foundation