Vice Media LLC, having filed for bankruptcy earlier this year and operating under new ownership, recently appointed Jason Guberman as its new general counsel. This change in leadership comes in the wake of the departure of the company’s previous chief legal officer, Maria Krasnikow Harris.
As indicated by a succession of legal chief changes, Vice Media has been navigating tumultuous times in terms of financial solidity and leadership. Just last year, Maria Krasnikow Harris was recruited by Vice Media to serve as its legal chief, replacing predecessor Lucinda Kinau Treat who exited to take the role of the chief executive of Crooked Media Inc.
The details of Harris’s resignation remain largely undisclosed, apart from a veiled hint at exploring new opportunities. This changeover, however, is said to be unconnected to Vice’s editorial restructuring announced last month that is set to cut fewer than 100 jobs.
While Vice Media battles these internal changes, it also copes with its financial distress. Of interest to legal professionals observing these proceedings will be the reported $7 million due to law firms Shearman & Sterling and Togut for their services.
As this story continues to unfold, significant interest is certain to be generated within the legal and business communities regarding Vice’s strategies to navigate its financial and leadership challenges in the period ahead.
Detail reference: Bloomberg Law report