Baker Hostetler
Encyclopedia
Baker Hostetler is an American
law firm
based in Cleveland, Ohio
and founded in 1916. One of the firm's founders, Newton D. Baker
, was U.S. Secretary of War during World War I and former Mayor of Cleveland.
, the firm was rated the 85th largest law firm in the world, employing more than 650 attorneys. Headquartered in Cleveland, the company has offices in New York, Washington, D.C.
, California
(Los Angeles
, Costa Mesa), Illinois
(Chicago), Florida
(Orlando), Texas
(Houston), Denver, and Ohio
(Columbus, and Cincinnati). Baker Hostetler is a multidisciplinary firm with 11 practice groups and more than 55 areas of practice strength. In a 2005 survey by BTI Consulting Group, Baker Hostetler was ranked among the top 24 firms considered to be the “Power Elite” in terms of providing superior client satisfaction.
Baker Hostetler played a role in the recovery of funds for victims of the Bernard Madoff
Ponzi scheme
. The firm was selected to help resolve one of the largest and most complex fraud cases in the nation’s history based on its prior work in the fields of corporate finance
, complex business litigation, white collar criminal investigation and bankruptcy law. The Baker team includes the Trustee overseeing liquidation of the brokerage house—as well as related investigations and litigation—and the firm serves as Trustee’s counsel. So far, more than $1.5 billion has been recovered for distribution to victims.
Baker Hostetler's Washington office is home to former Chairman of the House Financial Services Committee, Michael G. Oxley. Mr. Oxley joined the firm after a 25-year career in the U.S. House of Representatives. He is best known as the co-author of the landmark Sarbanes-Oxley Act
of 2002, which restored confidence in the capital markets and in the financial reporting of public companies.
In March 2010, Baker Hostetler, represented Denbury Resources Inc. (NYSE: DNR), a member of the S&P 500
, in a merger valued at $4.5 billion with Encore Acquisition Co. (NYSE: EAC). The transaction created one the largest oil-focused independent exploration and production companies in North America. As a result of this and other similar deals, Baker Hostetler was ranked among the top 10 U.S. law firms for merger and acquisition deals in the oil, gas and oilfield service industries for the period January 2009-First Quarter 2010 per The Deal magazine.
Major League Baseball has been a longstanding client of Baker Hostetler.
Other notable clients of Baker Hostetler are ABC, Inc., Airbus S.A.S., Bayer
, Cardinal Health, Inc., CNL Financial Group, Colgate-Palmolive Co.; Corning, Electronic Data Systems
,
ExxonMobil
, Thermo Fisher Scientific
, Ford, Gruner + Jahr
, Hospital Corporation of America
, Hyatt
, IBM
, KeyCorp, KLM, Microsoft Corp., Morgan Stanley
, Schlumberger
, Sprint Nextel
, State Farm
, The E.W. Scripps Co., Progressive Corp., Trammell Crow Co., Verizon and Wachovia
.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
law firm
Law firm
A law firm is a business entity formed by one or more lawyers to engage in the practice of law. The primary service rendered by a law firm is to advise clients about their legal rights and responsibilities, and to represent clients in civil or criminal cases, business transactions, and other...
based in Cleveland, Ohio
Cleveland, Ohio
Cleveland is a city in the U.S. state of Ohio and is the county seat of Cuyahoga County, the most populous county in the state. The city is located in northeastern Ohio on the southern shore of Lake Erie, approximately west of the Pennsylvania border...
and founded in 1916. One of the firm's founders, Newton D. Baker
Newton D. Baker
Newton Diehl Baker, Jr. was an American politician who belonged to the Democratic Party. He served as the 37th mayor of Cleveland, Ohio from 1912 to 1915 and as U.S. Secretary of War from 1916 to 1921.-Early years:...
, was U.S. Secretary of War during World War I and former Mayor of Cleveland.
, the firm was rated the 85th largest law firm in the world, employing more than 650 attorneys. Headquartered in Cleveland, the company has offices in New York, Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....
, California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
(Los Angeles
Los Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...
, Costa Mesa), Illinois
Illinois
Illinois is the fifth-most populous state of the United States of America, and is often noted for being a microcosm of the entire country. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and northern Illinois, and natural resources like coal,...
(Chicago), Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
(Orlando), Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
(Houston), Denver, and Ohio
Ohio
Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...
(Columbus, and Cincinnati). Baker Hostetler is a multidisciplinary firm with 11 practice groups and more than 55 areas of practice strength. In a 2005 survey by BTI Consulting Group, Baker Hostetler was ranked among the top 24 firms considered to be the “Power Elite” in terms of providing superior client satisfaction.
Baker Hostetler played a role in the recovery of funds for victims of the Bernard Madoff
Bernard Madoff
Bernard Lawrence "Bernie" Madoff is a former American businessman, stockbroker, investment advisor, and financier. He is the former non-executive chairman of the NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered to be the largest financial fraud in U.S...
Ponzi scheme
Ponzi scheme
A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from any actual profit earned by the individual or organization running the operation...
. The firm was selected to help resolve one of the largest and most complex fraud cases in the nation’s history based on its prior work in the fields of corporate finance
Corporate finance
Corporate finance is the area of finance dealing with monetary decisions that business enterprises make and the tools and analysis used to make these decisions. The primary goal of corporate finance is to maximize shareholder value while managing the firm's financial risks...
, complex business litigation, white collar criminal investigation and bankruptcy law. The Baker team includes the Trustee overseeing liquidation of the brokerage house—as well as related investigations and litigation—and the firm serves as Trustee’s counsel. So far, more than $1.5 billion has been recovered for distribution to victims.
Baker Hostetler's Washington office is home to former Chairman of the House Financial Services Committee, Michael G. Oxley. Mr. Oxley joined the firm after a 25-year career in the U.S. House of Representatives. He is best known as the co-author of the landmark Sarbanes-Oxley Act
Sarbanes-Oxley Act
The Sarbanes–Oxley Act of 2002 , also known as the 'Public Company Accounting Reform and Investor Protection Act' and 'Corporate and Auditing Accountability and Responsibility Act' and commonly called Sarbanes–Oxley, Sarbox or SOX, is a United States federal law enacted on July 30, 2002, which...
of 2002, which restored confidence in the capital markets and in the financial reporting of public companies.
In March 2010, Baker Hostetler, represented Denbury Resources Inc. (NYSE: DNR), a member of the S&P 500
S&P 500
The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...
, in a merger valued at $4.5 billion with Encore Acquisition Co. (NYSE: EAC). The transaction created one the largest oil-focused independent exploration and production companies in North America. As a result of this and other similar deals, Baker Hostetler was ranked among the top 10 U.S. law firms for merger and acquisition deals in the oil, gas and oilfield service industries for the period January 2009-First Quarter 2010 per The Deal magazine.
Major clients
Baker Hostetler has represented the William Jefferson Clinton Presidential Foundation's HIV/AIDS Initiative since 2003.Major League Baseball has been a longstanding client of Baker Hostetler.
Other notable clients of Baker Hostetler are ABC, Inc., Airbus S.A.S., Bayer
Bayer
Bayer AG is a chemical and pharmaceutical company founded in Barmen , Germany in 1863. It is headquartered in Leverkusen, North Rhine-Westphalia, Germany and well known for its original brand of aspirin.-History:...
, Cardinal Health, Inc., CNL Financial Group, Colgate-Palmolive Co.; Corning, Electronic Data Systems
Electronic Data Systems
HP Enterprise Services is the global business and technology services division of Hewlett Packard's HP Enterprise Business strategic business unit. It was formed by the combination of HP's legacy services consulting and outsourcing business and the integration of acquired Electronic Data Systems,...
,
ExxonMobil
ExxonMobil
Exxon Mobil Corporation or ExxonMobil, is an American multinational oil and gas corporation. It is a direct descendant of John D. Rockefeller's Standard Oil company, and was formed on November 30, 1999, by the merger of Exxon and Mobil. Its headquarters are in Irving, Texas...
, Thermo Fisher Scientific
Thermo Fisher Scientific
Thermo Fisher Scientific is a large life sciences supply company that was created in 2006 by the merger of Thermo Electron and Fisher Scientific.-Predecessors and merger:...
, Ford, Gruner + Jahr
Gruner + Jahr
Gruner + Jahr GmbH & Co. KG is the largest European printing and publishing firm. Its headquarters is in Hamburg, Germany.-History:Originally founded on August 1, 1948 as the Henri Nannen publishing house, Gruner + Jahr was created in 1965 from a merger by acquisition, by publishers John Jahr Sr....
, Hospital Corporation of America
Hospital Corporation of America
Hospital Corporation of America is the largest private operator of health care facilities in the world, It is based in Nashville, Tennessee and is widely considered to be the single largest factor in making that city a hotspot for healthcare enterprise.-History:The founders of HCA include Jack C....
, Hyatt
Hyatt
Hyatt Hotels Corporation , is an international operator of hotels.Hyatt Center is the headquarters for Hyatt corporation...
, IBM
IBM
International Business Machines Corporation or IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas...
, KeyCorp, KLM, Microsoft Corp., Morgan Stanley
Morgan Stanley
Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....
, Schlumberger
Schlumberger
Schlumberger Limited is the world's largest oilfield services company. Schlumberger employs over 110,000 people of more than 140 nationalities working in approximately 80 countries...
, Sprint Nextel
Sprint Nextel
Sprint Nextel Corporation is an American telecommunications company based in Overland Park, Kansas. The company owns and operates Sprint, the third largest wireless telecommunications network in the United States, with 53.4 million customers, behind Verizon Wireless and AT&T Mobility...
, State Farm
State farm
State farm can refer to:*Sovkhoz, a type of state-owned farm in the Soviet Union*Volkseigenes Gut, a type of state-owned farm in East Germany*Państwowe Gospodarstwo Rolne, a type of state-owned farm in People's Republic of Poland...
, The E.W. Scripps Co., Progressive Corp., Trammell Crow Co., Verizon and Wachovia
Wachovia
Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo in 2008, Wachovia was the fourth-largest bank holding company in the United States based on total assets...
.