On Sept. 9, President Joe Biden announced that the U.S. Department of Labor is developing an emergency rule to require all employers with 100 or more employees to ensure their workforces are fully vaccinated or show a negative test at least once a week.
Recently a purported shareholder of certain special purpose acquisition companies (SPACs) initiated derivative lawsuits asserting that the SPACs are investment companies under the Investment Company Act of 1940, because proceeds from their initial public offerings are invested in short-term treasuries and qualifying money market funds.
On August 23, Vox Media announced that it acquired PUNCH, the James Beard Award-winning media brand, from Penguin Random House. Arent Fox LLP advised Vox Media in connection with the transaction.
The sharp increase in deal volume and consumer demand, coupled with an uncertain regulatory future and the lack of a developed market framework for dealmaking all combine to create a potent risk/reward cocktail for brands and sports teams looking to launch NFT programs.
Schiff Hardin LLP announced today the expansion of its Finance practice with the addition of Alexis Schostak, who joins as a partner in the firm’s Ann Arbor office.
On August 2, Pupatella Management announced the successful closing of a $7.5 million equity financing of its subsidiary Pupatella RDIILLC. Arent Fox, led by Jay L. Halpern, Amal U. Dave, Paul A. Schmid, and Andrew Basye, served as legal counsel to Pupatella Management.
Schiff Hardin LLP advised Nova Lifestyle, Inc. in its $3.1 million registered direct offering and concurrent private placement. Nova LifeStyle is a well-established, innovative designer and distributor of modern lifestyle furniture.
Schiff Hardin LLP acted as counsel to Datasea Inc. in its registered direct offering with certain institutional investors of 2,436,904 shares of its common stock at a purchase price of $3.48 per share for the gross proceeds of approximately $8.48 million.
Schiff Hardin LLP acted as counsel to Good Works II Acquisition Corp. in its initial public offering of 23,000,000 units, which included the full exercise of the underwriters’ over-allotment option, at a price to the public of $10 per unit.
Schiff advised Altaris Capital Partners, LLC on its acquisition of Padagis LLC, formerly the generic prescription pharmaceuticals business of Perrigo Company plc, for $1.55 billion.
Elizabeth Holmes, founder and ex-CEO of now-defunct blood testing start-up Theranos, is once again making headlines, this time for her upcoming criminal trial and related court proceedings.
Schiff Hardin LLP advised Antelope Enterprise Holdings, Ltd. on a registered direct offering of securities with gross proceeds of approximately $3.18 million.
The 2021 edition of Legal 500 US has rated 49 Arent Fox LLP attorneys as national leaders in their field. In addition, 16 of the firm’s practice areas were ranked among the best in the country.
Schiff Hardin represented Houston Wire & Cable Company (HWCC) in its agreement to be acquired by OmniCable, LLC for $91 million. HWCC is one of the largest distributors of wire, cable, and fastener products in the U.S. The transaction is expected to close in the second quarter of 2021.
