Announcements
Jan. 19, 2011

Kramer Levin Client First Investors Closes Acquisition by Foresters

On January 19, 2011, Kramer Levin client First Investors Consolidated Corporation closed its acquisition by Foresters (TM), a Canadian life insurance provider.  First Investors is an 80-year old financial services company that provides a broad range of investment and life insurance products and services.  Non-core businesses, including First Investors Federal Savings Bank were spun off to First Investors historical stockholders prior to closing of the merger.

The Kramer Levin team was led by Corporate partner J. Michael Mayerfeld; with Corporate partner Thomas D. Balliett providing assistance with broker-dealer regulatory matters, special counsel Randal D. Murdock, and associates Carol Archer, Adam Busch, Madelyn Dorman, Megan Fuller, Gariel Nahoum and Jeffrey Taylor providing general corporate assistance; Tax partner Phillip R. Weingold and special counsel Helayne Stoopack and Blake A. Rigel providing tax guidance; Financial Services special counsel Aviva L. Grossman providing advice on Investment Advisory Act issues; Employment Law Partner Robert Holztman providing guidance on employment issues; and ERISA and benefits issues guidance being provided by special counsel Avram J. Cahn.



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