Perspectives on Corporate & Securities

Schiff Hardin LLP advised Soliton, Inc., a pre-revenue stage medical device company, in its initial public offering of two million shares of common stock, raising $10.4 million.

Schiff Hardin LLP represented Snap-on Incorporated (NYSE:SNA), a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions, in its acquisition of Power Hawk Technologies for approximately $8 million.

On April 3, 2019 the staff of the Securities and Exchange Commission issued its first no-action letter stating that it would not recommend enforcement action if an issuer publicly issued tokens without registration under the Securities Act or the Securities Exchange Act.  

On March 20, 2019, the U.S. Securities and Exchange Commission (SEC) adopted amendments to modernize and simplify Regulation S-K’s disclosure requirements and related rules and forms, as required by the Fixing America’s Surface Transportation (FAST) Act.

In a long-awaited opinion, the Eighth Circuit Court of Appeals struck a blow to UnitedHealth Group. Inc.’s (“United”) sweeping overpayment recovery scheme.

Schiff Hardin LLP advised Wintrust Financial Corporation (Nasdaq: WTFC) on the recent completion of three bank and financial institution acquisitions.

SAN FRANCISCO — Arent Fox LLP is pleased to announce the addition of seven lawyers from Kay & Merkle, a San Francisco-based commercial, real estate, automotive, and litigation firm with deep ties in the Bay Area.

The Defendants moved to dismiss Dr. Griffin’s suit.

Alexander Young, partner and deputy practice group leader for the Mergers and Acquisitions and Private Equity Practice Groups, has been named a Notable Practitioner in North America in the Corporate and M&A Practice Area by the IFLR1000.

As class action practitioners know, class certification can be difficult to achieve, particularly in the years since the Supreme Court’s decision in Wal-Mart Stores, Inc. v. Dukes. 

The IRS and Treasury Department issued proposed regulations that explain how investors can take advantage of the statute’s unique opportunity for deferral and exclusion of capital gains taxes by investing in designated distressed communities or QOZs.

WASHINGTON — Twenty-four Arent Fox LLP practices have been recognized in the 2019 “Best Law Firms” rankings that are published annually by US News & World Report and Best Lawyers.

Schiff Hardin announced today that the firm has received 40 top-tier rankings and national recognition for its premier practices in the 2019 edition of U.S. News – Best Lawyers® “Best Law Firms.”

In December 2017, Congress passed major changes to the tax laws.

Schiff represented veteran wealth adviser Gary Hirschberg, who spent the last 12 years at Goldman Sachs advising multi-generational families on taxation issues and philanthropy, in the launch of a new independent wealth management firm called Aaron Wealth Advisors.

The Securities and Exchange Commission (SEC) has adopted amendments to certain disclosure requirements.

Landlords occasionally offer tenants build-out allowances that are greater than the cost the tenant will incur to build-out its space.

Forty Arent Fox LLP attorneys have been rated as leaders in their profession by The Best Lawyers in America 2019.

President Trump signed into law the Foreign Investment Risk Review Modernization Act (FIRRMA) to modernize the CFIUS review process to address 21st century national security concerns today. Congress enacted FIRRMA as Title XVII of the Fiscal Year 2019 National Defense Authorization Act, HR 5515.

The Third Circuit recently affirmed the enforceability of “anti-assignment” provisions in ERISA health plan documents.

At first glance, one might conclude that the U.S. Supreme Court’s decision in South Dakota v. Wayfair would have an immediate impact only on those out-of-state vendors that sell goods and services into South Dakota.

With its decision in South Dakota v. Wayfair, the US Supreme Court substantially eliminated the distinction between brick-and-mortar business and e-commerce, for purposes of state laws obligating sellers to collect and remit sales taxes.

Washington — Arent Fox LLP announced today that it represented SunBridge Capital Management, LLC in its equity investment in Florida-chartered Beach Community Bank. Sunbridge is part of a group of investors that in the aggregate have recapitalized the bank with approximately $100 million.

The Fifth Circuit recently held that plaintiffs seeking benefits, under plans governed by the Employee Retirement Income Security Act of 1974 and non-ERISA plans, need not identify and include specific plan provisions in their complaints to survive motions to dismiss.

Schiff Hardin LLP served as legal counsel to Altaris Capital Partners in connection with an Altaris affiliate’s acquisition of Analogic Corporation for approximately $1.1 billion.