McKenna Long & Aldridge LLP has expanded its white collar and criminal defense practice by adding three former Venable LLP partners who also have experience as U.S. Securities and Exchange Commission attorneys, it said Tuesday.
Stroock & Stroock & Lavan LLP has set up a new office in Washington, D.C., and added a former Kaye Scholer LLP leader with a background in cross-border transactions as well as a 30-year veteran of the U.S. Securities and Exchange Commission, the firm said Wednesday.
Dykema Gossett PLLC is launching a white collar group at its Dallas office with the addition of two partners from shuttering Dallas boutique Curran Tomko LLP, including a former U.S. Securities and Exchange Commission official, the firm said Wednesday.
Mayer Brown LLP said Friday it had picked up a Dechert LLP attorney with expertise in real estate finance and securities law to boost its banking and finance practice in Charlotte, N.C.
Duane Morris LLP's New York corporate practice group is adding a new partner from Orrick Herrington & Sutcliffe LLP who counsels investment banks and corporations on a range of securities issues, the firm announced Monday.
Sheppard Mullin Richter & Hampton LLP has landed an experienced fund governance and securities lawyer to join its Palo Alto, Calif., office as a partner in its corporate practice group, the law firm announced Thursday.
Florida law firm Saxon Gilmore Carraway & Gibbons PA recently announced it has landed a banking and securities litigation partner formerly of Trenam Kemker to join its Tampa office.
Shearman & Sterling has nabbed three partners from Weil Gotschal & Manges for its private equity team in London, including two merger and acquisition whizzes and an investment expert, the firm announced Wednesday.
The U.S. Securities and Exchange Commission announced two changes to its finance unit Wednesday, tapping Ropes & Gray LLP partner Keith F. Higgins as the new director of its Division of Corporation Finance and naming the division's Acting Director Lona Nallengara as SEC chief of staff.
Bruce Karpati, who oversaw a recent private equity industry crackdown as head of the U.S. Securities and Exchange Commission's asset management unit, has left the agency to become chief compliance officer for Prudential Financial Inc.'s mutual fund business, he said Thursday.
A Duane Morris LLP partner who successfully defended a father-son duo from an investor fraud suit arising from the epic collapse of Lehman Brothers Holdings Inc. has jumped to Morgan Lewis & Bockius LLP’s litigation practice, the firm said Thursday.
Five former Dentons partners have joined Alston & Bird LLP's capital markets practice in New York and Washington, bringing their expertise in mortgages, real estate and structured finance, the firm said Wednesday.
Continuing to bulk up its San Francisco office, Mintz Levin Cohn Ferris Glovsky & Popeo PC said Thursday it had pulled in an intellectual property attorney with expertise in the life sciences sector from Goodwin Procter LLP, just days after it enlisted a corporate and securities litigator from WilmerHale to head up its West Coast litigation practice.
A top U.S. Securities and Exchange Commission official who led the agency’s national examination program in the aftermath of Bernard Madoff's Ponzi scheme will step down to lead a new division at the Financial Industry Regulatory Authority, the agencies announced Thursday.
The U.S. Securities and Exchange Commission on Tuesday named former WilmerHale partner Anne K. Small as general counsel of the agency, making her the first woman to ever hold the post in a permanent role.
Paul Hastings LLP has landed a master limited partnerships, energy and mergers and acquisitions pro from Andrews Kurth LLP to join its securities and capital markets practice in Houston, the firm announced Tuesday.
Akerman Senterfitt LLP has boosted its Dallas office with the addition of a former Beirne Maynard & Parsons LLP banking and securities litigation pro, the firm said on Tuesday.
Debevoise & Plimpton LLP has appointed white collar and employment law partner Mary Beth Hogan to replace Mary Jo White as co-chairwoman of the firm’s litigation department, after White was sworn in as chairman of the U.S. Securities and Exchange Commission, the firm said Monday.
Steptoe & Johnson LLP has added the former joint head of Bribery and Corruption in the U.K.’s Serious Fraud Office to its London office in a bid to raise the firm's profile in cross-border Foreign Corrupt Practices Act cases, the firm said Monday.
Venable LLP on Thursday said it has hired Michael J. Rivera, the former chief investigative counsel for the Special Inspector General for the Troubled Asset Relief Program, to join the firm’s U.S. Securities and Exchange Commission and white collar defense group as a partner in Venable’s D.C. office.
In commercial transactions involving secured lending to Cayman Islands vehicles it is a common practice for a charge over the shares of a Cayman company to be included in the suite of securities taken by the lender. As common as this commercial practice has become, the parties often have an imperfect understanding of the unique Cayman aspects of such securities and the considerations relevant to their enforcement, says Tony Heaver-Wren of Appleby Global Group.
The Multijurisdictional Disclosure System is a system developed by the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities that enables a very different regulatory regime for Canadian issuers. The principal benefit is to allow use of the public filing in the U.S. of a Canadian prospectus that is subject to review only by Canadian securities regulators, says Jonathan Guest of McCarter & English LLP.
While reliance on outside counsel will continue, only 13 percent of companies recently surveyed indicated that increasing the use of outside counsel was of high importance in addressing increases in legal demand. The trend, more notably since the economic crisis of the late 2000s, has been on rigorous management of outside counsel costs — 95 percent of survey participants said they are taking measures to reduce outside counsel spending, says Lauren Chung of HBR Consulting LLC.
Perhaps the private offering arena is ready for the U.S. Securities and Exchange Commission's changes Regulation D. But we suspect there will be many playing catchup and many jaws will drop when market participants begin to fully comprehend these new rules, say Andrew Rosell and Stas Getmanenko of Kelly Hart & Hallman LLP.
Prudent companies should examine not just whether their disclosure controls related to social media channels are compliant with Regulation FD, but also whether they have properly structured them so that the company is protected from disclosure events that could lead to Rule 10b-5 fraud or insider trading claims, says Terrell Gilbert Jr. of Arnall Golden Gregory LLP.
The Financial Industry Regulatory Authority recently filed a rule proposal that would impose reporting requirements on alternative trading systems, including dark pools. Although the proposed rules will not apply to off-exchange trading venues that are excluded from Regulation ATS requirements, they will increase publicly available information about these opaque and rapidly growing private markets, says Eliza Fromberg of Day Pitney LLP.
The Third Circuit recently held that plaintiffs asserting a claim under the Securities Act of 1933 do not need to plead with particularity compliance with the statute of limitations, easing the standard for measuring the limitations period in plaintiffs’ favor. However, there is a clear spilt among the circuits regarding the issue, which could trigger U.S. Supreme Court review in the future, say John Stigi and Sarah Aberg of Sheppard Mullin Richter & Hampton LLP.
As the Foreign Corrupt Practices Act resource guide recognizes, and several recent cases demonstrate, pre-acquisition anti-corruption due diligence alone will not provide protection from FCPA successor liability. Companies must have a detailed FCPA plan of action as negotiations advance, due diligence commences, and negative due diligence results are uncovered, says Sharie Brown of Troutman Sanders LLP.
The U.S. Securities and Exchange Commission has developed a series of forms for registration statements and reports to be used by foreign private issuers. Among the most important is Form 20-F, which contains items of disclosure required for a securities sale, and related instructions that are often lengthy and technical, says Jonathan Guest of McCarter & English LLP.
Now that the U.S. Securities and Exchange Commission has lifted an 80-year-old ban on general solicitation and advertising of private securities offerings, are we going to witness the proliferation of "matchmaking" websites designed to introduce companies seeking capital to Mr./Ms. Moneybags? asks Eliza Sporn Fromberg of Day Pitney LLP.