Pryor Cashman Welcomes Partner Paul Proulx to its Leading Real Estate Group
NEW YORK--(BUSINESS WIRE)--Apr 16, 2025--
Pryor Cashman is pleased to announce that Paul J. Proulx has joined the firm's New York office as a partner in the Real Estate Group and Land Use + Zoning Practice. Paul comes to Pryor Cashman from Carter Ledyard & Milburn LLP, where he advised New York's most respected developers on sophisticated land use and real estate transactions.
With a practice focused on land use, zoning, and urban development matters, Paul counsels clients through a range of transactions including joint venture deals and site acquisitions and dispositions. He advises on both as-of-right solutions and discretionary procedures under the New York City Zoning Resolution and Administrative Code, and frequently represents purchasers and sellers of development rights in transactions between adjacent property owners. Drawing on his background as an urban planner, Paul has extensive experience leading teams in making changes to the Zoning Resolution and other land use controls that determine the shape of development projects. He often drafts and prosecutes land use applications and the restrictive declarations that accompany them. In parallel with his land use entitlement work, Paul provides counsel on New York tax incentive programs.
'Paul has had a hand in some of New York's largest assemblages of the last two decades—projects that have transformed our city,' said David C. Rose, managing partner of Pryor Cashman. 'Paul's extensive experience across land use matters strengthens the premier real estate practice for which our firm is known. With his mastery of both the big picture and technical details, Paul will add immediate value to our clients' development projects.'
'We're excited to welcome Paul to the firm,' said Dennis Sughrue, co-chair of the firm's Real Estate Group. 'He has a deep understanding of the New York City real estate market and a strong track record of guiding developers, lenders, and other key players through complex land use matters. His practical, business-minded approach and entrepreneurial spirit make him an ideal fit for our practice and our clients.'
'I'm delighted to join Pryor Cashman,' said Paul. 'The firm's Real Estate Group is known for providing end-to-end services for even the largest transactions, and I have long admired the creative and efficient approach of the firm's lawyers.'
Paul serves on the New York City Bar's Committee on Land Use Planning and Zoning. He received his B.A. magna cum laude from the University of Detroit Mercy, his M.S. in City and Regional Planning from Pratt Institute, and his J.D. from Brooklyn Law School. Before entering private practice in 2006, he briefly spent time in government and worked in-house at a hotelier and real estate development firm.
About Pryor Cashman
Pryor Cashman is a premier, midsized law firm headquartered at 7 Times Square in New York with offices in Los Angeles and Miami. With broad and sophisticated transactional and litigation practices, Pryor Cashman provides a full range of services to meet the complex legal needs of institutions, mid-market businesses, bold emerging entities, entrepreneurs, and individuals.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250416173453/en/
CONTACT: Media Contact
Margaret Bontemps
Pryor Cashman
[email protected]
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES COMMERCIAL BUILDING & REAL ESTATE LEGAL CONSTRUCTION & PROPERTY URBAN PLANNING
SOURCE: Pryor Cashman
Copyright Business Wire 2025.
PUB: 04/16/2025 09:30 AM/DISC: 04/16/2025 09:30 AM
http://www.businesswire.com/news/home/20250416173453/en
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
16 hours ago
- Business Wire
ABL Investors Have Opportunity to Join Abacus Global Management, Inc. Fraud Investigation with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Abacus Global Management, Inc. ('Abacus' or 'the Company') (NASDAQ: ABL) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Abacus is the subject of a report issued by Morpheus Research on June 4, 2025, titled: 'Abacus Global Management: This $794 Million SPAC Is Yet Another Life Settlements Accounting Scheme Manufacturing Fake Revenue by Systematically Underestimating When People Will Die.' According to the report, the Company changed its portfolio valuation methodology to make it appear more profitable than it actually is. The report also alleges that the Company uses unusual methodologies to calculate life expectancy estimates and its co-founders have 'red flags' in their past. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Yahoo
2 days ago
- Yahoo
Another top Paul Weiss lawyer departs firm after Trump deal
Paul, Weiss — the first law firm to strike a deal with President Trump to avoid a punitive executive order — is losing a prominent attorney to a firm that, when targeted by the White House, fought back in court. Damian Williams, former U.S. attorney for the Southern District of New York, is set to leave Paul, Weiss, Rifkind, Wharton & Garrison after half a year there for a role at Jenner & Block. His departure is the latest in a series of high-profile resignations from the firm in the aftermath of its agreement with the Trump administration. In a Friday statement, Williams praised Jenner & Block for 'fearlessly' advocating for its clients and how it 'lives its values.' 'I'm excited to join a team with an extraordinary depth of legal talent that doesn't shy away from hard fights — and delivers results that matter,' he said. Since returning to the White House, Trump has targeted six big law firms with executive orders aimed at undercutting their business as retribution for their ties to his political adversaries. While four of the firms filed legal action challenging the directives, Trump revoked his executive order against Paul, Weiss after it agreed to provide $40 million in free legal services to support administration initiatives and other perks. The deal set off an avalanche of agreements between the Trump administration and the nation's top law firms. Now, eight other firms have entered agreements with Trump to provide tens of millions of dollars in pro bono work, despite there being no executive orders issued against them. Jenner & Block, meanwhile, sued the administration. A federal judge last month deemed the order against the firm unlawful and blocked it in full. 'This order, like the others, seeks to chill legal representation the administration doesn't like, thereby insulating the Executive Branch from the judicial check fundamental to the separation of powers,' U.S. District Judge John Bates, an appointee of former President George W. Bush, wrote in a 52-page opinion. 'It thus violates the Constitution and the Court will enjoin its operation in full.' Last month, four top lawyers at Paul, Weiss also departed from their roles as partners at the law firm to form their own practice. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
2 days ago
- Yahoo
Cameco Reports Expected Increase in Its Share of Westinghouse 2025 Adjusted EBITDA
All amounts in Canadian dollars unless specified otherwise SASKATOON, Saskatchewan, June 06, 2025--(BUSINESS WIRE)--Cameco (TSX: CCO; NYSE: CCJ) reports an expected increase of approximately $170 million (US) in our 49% equity share of Westinghouse Electric Company's (Westinghouse) 2025 second quarter and annual adjusted EBITDA. The expected increase is tied to Westinghouse's participation in the construction project for two nuclear reactors at the Dukovany power plant in the Czech Republic. This expected increase will be taken into consideration in determining the 2025 distribution payable by Westinghouse to Cameco. In addition to the increase in adjusted EBITDA in 2025, we expect significant financial benefits for Westinghouse, as a subcontractor, over the term of the Dukovany construction project and related to the provision of the fuel fabrication services required for both reactors for a specified period. The outlook for Westinghouse's compound annual growth rate for adjusted EBITDA remains 6% to 10% over the next five years, excluding the impact of the expected $170 million (US) increase in its 2025 adjusted EBITDA. Cameco owns a 49% interest in Westinghouse and its partner, Brookfield Renewable Partners, owns the remaining 51%. Caution about forward-looking informationThis news release includes statements and information about our expectations for the future, which we refer to as forward-looking information. Forward-looking information is based on our current views, which can change significantly, and actual results and events may be significantly different from what we currently expect. Examples of forward-looking information in this news release include our expectations regarding: Westinghouse's participation in the Dukovany power plant construction project; an increase in Westinghouse's adjusted EBITDA; Westinghouse taking this increase into consideration in determining the 2025 distribution payable to Cameco; the financial benefits for Westinghouse, as subcontractor, over the term of the Dukovany construction project and the expected future growth in Westinghouse's compound annual growth rate for adjusted EBITDA. Material risks that could lead to different results include the risk that Westinghouse is not able to participate in the Dukovany construction project on a basis that achieves the currently expected benefits to Westinghouse for any reason, or that Cameco may not derive the expected increases in its share of Westinghouse's adjusted EBITDA, or that Westinghouse does not achieve the expected future annual growth in adjusted EBITDA. In presenting the forward-looking information, we have made material assumptions which may prove incorrect about Westinghouse's participation in the Dukovany construction project and related potential benefits to Westinghouse, and continuing growth in Westinghouse's compound annual growth rate for adjusted EBITDA. Non-IFRS MeasuresAdjusted EBITDA is a measure that does not have a standardized meaning or a consistent basis of calculation under International Financial Reporting Standards (a non-IFRS measure). Westinghouse's adjusted EBITDA is defined as its net income, adjusted for the impact of certain expenses, costs, charges or benefits incurred in such period which are either not indicative of underlying business performance or that impact the ability to assess the operating performance of its business. For more information regarding our use of this non-IFRS measure see our most recent annual and quarterly Management's Discussion and Analysis. ProfileCameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world's largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan, Canada. As used in this news release, the terms we, us, our, the Company and Cameco mean Cameco Corporation and its subsidiaries unless otherwise indicated. View source version on Contacts Investor inquiries Cory Kos 306-716-6782 cory_kos@ Media inquiries Veronica Baker 306-385-5541 veronica_baker@ Sign in to access your portfolio
