Milton R. Gleit
Counsel
Milton R. Gleit is counsel to the firm, practicing in the areas of general securities and corporate law, including the representation of underwriters, issuers, and broker-dealers in public and private offerings of securities, arbitration of securities and commercial matters, and the general business representation of commercial clients. Milt brings extensive experience in corporate, securities, finance, leasing and banking practice.
Gleit Handles Sale and Mortgage of Nassau County Office Building
Milton R. Gleit represented the property owner in the sale of a Nassau County office building, with a securitized mortgage loan in the amount of $20,750,000.
Gleit Handles Stock Sale in $36 Million Dollar Transaction
Milton R. Gleit represented the stockholders of a privately-held public relations company, specializing in the healthcare industry, in a stock sale to a public company that provides clinical and marketing services to pharmaceutical and healthcare companies. The consideration for the transaction could exceed $36,000,000.
Representation of Banking Client in Successful Restructure of Corporate Debt
Milton R. Gleit, Joseph P. Harrington
Commercial Finance – Corporate & General Business – Successful Restructure of Corporate Debt
Our Commercial Finance & Corporate lawyers often work together to assist our banking and other clients. Here, Joseph P. Harrington and Milton R. Gleit represented one of our banking clients in restructuring a defaulted corporate loan. As part of their work, Joe and Milt negotiated and documented the bifurcation and restructure of a series of defaulted term loans. The creative outcome was that fifty percent of the total debt was consolidated into a single new term loan; and the remaining fifty percent was converted into a preferred equity position in the restructured borrower.
Represention of a Licensee in the Successful Negotiation of a Trademark & Design License
Corporate & General Business – Intellectual Property – Represention of a Licensee in Negotiation of a Trademark & Design License
Our corporate and intellectual property lawyers sometimes help their clients on licensing name brands as part of their business plan. Here, Milton R. Gleit represented a licensee in the successful negotiation of a seven year trademark and design license for several internationally recognized fashion brands. Historically, the client’s exclusive territory has generated more than $25 million of gross wholesale sales annually.
Representation of Executive Officers on Employment Agreements
Corporate & General Business – Representation of Executive Officers on Employment Agreements
Our Corporate lawyers often represent key employees on employment agreements. Here, Milton R. Gleit represented several executive officers of a public company in separate negotiations of multi-million dollar employment agreements.
Representing a Licensee Negotiating an Extension & Expansion of a Multi-Million Dollar Trademark License
Corporate & General Business – Intellectual Property – Representing a Licensee Negotiating an Extension and Expansion of Multi-Million Dollar Trademark License
As part of the work of our Corporate & Intellectual Property lawyers, we often help clients on licenses for trademarks. Here, Milton R. Gleit represented a licensee negotiating an extension and expansion of a multi-million dollar trademark license.
Representation of Stockholders on Sale to Company Specializing in Healthcare Industry
Corporate & General Business – Representation of Stockholders on Sale to Company Specializing in Healthcare Industry
Our corporate lawyers have much experience in small and large corporate mergers and acquisitions. Here, Milton R. Gleit represented the stockholders of a privately-held public relations company, specializing in the healthcare industry, in a stock sale to a public company that provides clinical and marketing services to pharmaceutical and healthcare companies. The consideration for the transaction could exceed $36 million.
Extending Term of Maturity of Secured Note
Commercial Finance – Corporate & General Business – Extending Term of Maturity of Secured Note
Our Corporate lawyers have much experience in representing clients making loans or investments. Here, Milton R. Gleit represented a note holder to obtain a three year extension of maturity for approximately $2 million of additional cash consideration and a security interest in all assets of the corporate maker.
Representing Real Estate Developer Purchasing Real Estate for Retail Use
Real Estate Transactions – Corporate & General Business – Representing Real Estate Developer to Purchase Real Estate for Retail Use
McCarthy Fingar’s lawyers often represent clients buying real estate for commercial use. Here, Milton R. Gleit represented a real estate developer acquiring six lots from four sellers at a price exceeding $7 milllion for commercial redevelopment of the assemblage for retail use.
Representation of Largest Equity Investor in Purchase of Manufacturer of Marine Components
Corporate & General Business – Representation of Largest Equity Investor in Purchase of Manufacturer of Marine Components
Whether buying or selling a business, our corporate lawyers have large experience in comany acquisitions. Here, Milton R. Gleit represented the largest equity investor in the purchase of a manufacturer of marine components, principally ignition systems. The purchase price was in excess of $4,000,000.
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