Lawyers are leaving Ronald Perelman’s shrinking empire, including Revlon Inc., as legal power consolidates around Andrew Weissmann, the former Justice Department official who aided Robert Mueller III’s election interference probe.
MacAndrews & Forbes Inc., Perelman’s privately held holding company, saw chief legal officer Shiri Ben-Yishai and general counsel Timothy Martin depart in January for new roles at Fanatics Holdings Inc. and Kaplan Hecker & Fink, respectively.
At Revlon, where Perelman has a controlling stake, general counsel Cari Robinson stepped down Feb. 1. SIGA Technologies Inc., a developer of antiviral therapeutics also controlled by Perelman, disclosed last month that chief administrative officer and general counsel Robin Abrams would exit April 15.
The moves come after Perelman’s fortune plunged in recent years amid a series of asset sales and other divestitures. Perelman is no longer listed in the Bloomberg Billionaires Index, which estimated his net worth had dropped by more than three-quarters as of 2020 from more than $19 billion in 2018, Bloomberg News reported in November.
Weissmann is now the top lawyer for a MacAndrews & Forbes, which will more closely resemble a family office than a large holding company, said two lawyers familiar with Perelman’s affairs. The lawyers requested anonymity so as not to...
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