NEW YORK, Jan. 26, 2015 /PRNewswire/ -- Olshan Frome Wolosky LLP announced today that Karen W. Scheffler has joined the firm as partner in the firm's Employee Benefits practice.
"We are delighted that Karen has joined us as a partner at Olshan," said Olshan Co-Administrative partner Steven R. Gursky. "Karen brings a significant depth of experience to Olshan's Employee Benefits practice which will be invaluable to clients seeking advice on increasingly complex employee benefits and compensation scenarios."
Karen's practice is focused on advising clients with respect to issues that affect employee benefits and compensation programs, including the design and operation of tax-qualified retirement plans, welfare benefit plans, non-qualified deferred compensation plans, equity compensation plans and other incentive plans. She provides counsel on the design and implementation of stock-based compensation plans including stock options, restricted and phantom stock and stock appreciation rights.
Karen also advises on employee benefits and compensation issues that arise in the context of mergers and other acquisitions, dispositions and initial public offerings. She frequently counsels clients regarding all aspects of ERISA affecting the investment management of employee benefit plan assets, including "plan assets" regulations, fiduciary duties, prohibited transaction rules and prohibited transaction exemptions, reporting and disclosure requirements, and Department of Labor audits.
"Karen's experience in both government and with a 'Big Four' accounting firm brings a perspective to our clients that's uniquely beneficial," said Olshan Co-Administrative partner Nina Roket. "Her broad base of expertise will benefit both individual clients as well as companies that are undergoing mergers, IPOs and other activity triggering a review of employee benefit and compensation plans."
Karen joins Olshan from Troutman Sanders where she was of counsel in the Employee Benefits and Executive Compensation Group. Prior to that, she held positions at Lowenstein Sandler PC (counsel), Deloitte Tax, LP, Deloitte and Touche, LP and the U.S. Department of Labor, Employee Benefits Security Administration.
Karen is a frequent speaker at industry conferences and events. She received her J.D. from Hofstra University where she was an associate editor of the Hofstra Property Law Journal and received her B.A. from the University of California, Los Angeles. She is admitted to practice in New York and New Jersey.
Olshan Frome Wolosky LLP, a law firm based in New York, represents major businesses and entrepreneurs in their most significant transactions, problems and opportunities. Olshan's clients range from public companies, hedge, venture capital, private equity and other investment funds to entrepreneurs and private companies worldwide. Clients choose Olshan for innovative strategies and sophisticated, game-changing advice in corporate, securities law, equity investment and shareholder activism, complex commercial, corporate and securities litigation, real estate, intellectual property, bankruptcy and creditors' rights, and advertising. Since its founding, Olshan has offered an alternative to the AmLaw 50 law firm business model with responsive, independent and client-focused legal counsel provided by the firm's senior lawyers.
Madelaine Miller Strauss
SOURCE Olshan Frome Wolosky LLP