Cozen O’Connor: Salomon, Richard

Richard Salomon

Attorney

New York

(212) 883-4952

(866) 229-5684

Richard practices principally in the Real Estate Practice Group, with an emphasis on distressed and contested situations. He has counseled developers and investors in real estate finance, acquisition, development, and joint ventures.

Rick has worked substantially in the area of leasing for office tower and shopping center owners, anchor tenants, and national retailers. Additionally, he advises independent directors of REITs and other public companies who face conflicts of interest with management. Rick also handles general corporate work, concentrating on companies led by their principal owners.

Rick is a member of the board of directors of Tweedy Browne Fund, Inc., a mutual fund company, and has served on other public and nonprofit boards.

Experience

Publications

‘Where was the board?’ Where was I? [Directors & Boards]

May 15, 2009

‘Where was the board?’ Where was I? - Directors & Boards - Former directors of Bear Stearns Companies Inc. won a rare early litigation victory in December,
a summary judgment motion exonerating them from liability for their hasty decision to sell Bear
Stearns to JP Morgan Chase in March 2008. Before they got to trial, class action plaintiffs were defeated in their claims that the directors violated their fiduciary duty, despite expert testimony that there were better options than a fire sale price of $10 per share

Education

  • University of Michigan, J.D., 1972
  • University of Florida, B.S., 1969
  • Florida
  • New York