Beverly Hills lawyer completes record deal for MCA despite the pressure of deadline.Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. lawyer completes record deal for MCA MCA in full Music Corporation of America Entertainment conglomerate. It was founded in Chicago in 1924 by Jules Stein as a talent agency. In the 1960s it bought Decca Records and Universal Pictures, and today it produces films, music, and television shows. despite the pressure of deadline Another Brooklyn boy Brooklyn Boy is a play by American playwright Donald Margulies. Novelist Eric Weiss, critically celebrated but unsuccessful, "arrives" when his new, autobiographical novel becomes a best-seller. making it big in Hollywood is Lee Cort, 35, partner at Beverly Hills-based Rosenfeld, Meyer & Susman and outside securities and merger counsel for entertainment giant MCA Inc. of Universal City. What Cort has done lately: Lawyered MCA Inc.'s recent $545 million purchase (market value) of record-maker The David Geffen Co. in March; rode herd on MCA's $40 million acquisition of jazz label GRP Records GRP Records is an American jazz record company that was founded in New York by Dave Grusin and Larry Rosen in 1982. They had previously been making records (1978-82) under a production arrangement with Clive Davis at Arista known as Arista GRP. Inc. in February; worked on the buyout of Motown Records
Any type of debenture that can be converted into some other security. Notes: For example, a convertible bond can be converted into stock. offerings in the last two years. The Geffen deal was a lulu, in terms of scheduling, says Cort. "I got a call early Friday morning that we had to have a draft of the merger agreement ready by the next morning," recalls Cort. "We had the deal hammered out and signed by Tuesday." In between the Friday morning alarm and the Tuesday closing Cort can remember sleeping only Saturday night, and one more time on an office couch. He also drove over the hills from Beverly Hills to his Sherman Oaks home for a weekend shower, but no sleep, he says. Associates Lawrence Goldberg and William Kirshenbaum helped on the deal, Cort notes. Cort, who bears a resemblance to comedian Chevy Chase, joined Rosenfeld, Meyer fresh out of Stanford law in 1979 -- he had interned at the firm -- and has never practiced elsewhere. Although he spends a lot of time working for MCA, Cort sees himself not as an entertainment lawyer but "as corporate securities lawyer that has a number of clients in the entertainment industry." |
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