Counsel to Elite Model Management Corp., one of the world’s most renowned modeling agencies, in a vigorously litigated restrictive covenant and trade secrets litigation brought by Men Women NY Model Management, Inc.(Women), a leading industry competitor, in New York Supreme Court.Schalk was reasonably necessary for the protection of Kohl’s business interests. Schalk, following the court’s denial of Kohl’s motion, has commenced employment as the new CIO of HBC. (Intrepid), a Virginia-based defense contractor to the U. government, in obtaining the dismissal of restrictive covenant/trade secret litigation brought by a competitor, New York-based International Biometric Group (IBG), arising out of Intrepid’s hiring of a former IBG employee. IBG alleged misappropriation of trade secrets against Intrepid and the former employee, and breach of contract and fiduciary duty of loyalty against the former employee, claiming that he was prohibited from working for Intrepid as a result of a Restrictive Covenant Agreement.IBD sought a declaratory judgment to stop the former employee from participating in the bid process.In his almost 20 years of practice, Steve has been involved in some of the leading bankruptcy cases of their time, including representing the chapter 11 trustees of Howrey LLP and Dreier LLP, both of which were high-profile law firm bankruptcy cases.With respect to the Dreier LLP case, Steve served as lead litigation counsel to, and primary courtroom spokesperson for, the chapter 11 trustee, and oversaw the collection of over $40 million in litigation recoveries on behalf of creditors of the defunct law firm.The $465.4 million jury award is the largest in that court’s history and the third largest ever in a U. The matter settled on the eve of trial in California Superior Court, Santa Clara County for $400 million, which included a $340 million cash payment by AT&T, and the release of $60 million in bankruptcy reserves.
Prior to joining Diamond Mc Carthy in 2006, Steve practiced at Weil, Gotshal & Manges LLP, with significant responsibility for handling bankruptcy-related litigation arising out of the Enron and MCI/World Com chapter 11 cases.Steve Loden is a partner at Diamond Mc Carthy who practices law in the firm’s Houston office.Steve has extensive experience in all aspects of complex commercial litigation, with particular emphasis on representing debtors and creditors in litigation arising out of complex Chapter 11 reorganizations.At four separate hearings, we defeated two applications for temporary restraining orders and two applications for preliminary injunctions seeking to restrain four former senior executives of Women from commencing work with Elite and Elite from engaging in various business activities involving the representation and development of fashion models.
At these hearings, the Court rejected Women’s claims for, among other things, breach of a broad range of restrictive covenants, breach of fiduciary duties and misappropriation of trade secrets.
While at Weil Gotshal Steve also helped defend American Airlines in an antitrust case brought by the U. Department of Justice related to the company’s response to the entry of low-cost carriers at Dallas-Ft. A graduate of the University of Houston Law Center, Steve is licensed to practice law in Texas, New York, and Colorado, and is admitted to practice in several United States District Courts and Courts of Appeal.