Insights on Corporate & Securities

ArentFox Schiff represented The Los Angeles Lakers — a long-time firm client — and the Buss family in connection with the sale of a majority ownership interest in The Los Angeles Lakers, Inc. by Mark Walter. The transaction closed on October 30, 2025, following unanimous approval from the NBA Board of Governors.

ArentFox Schiff advised Clearwater Security and Compliance in its sale to Sunstone Partners. Clearwater is a provider of cyber risk management and regulatory compliance solutions to the healthcare industry.

ArentFox Schiff (AFS) recently advised GAME 7, a multi-platform sports and entertainment brand co-founded by New York Rangers legend and NHL Hall of Fame inductee Mark Messier, in a historic jersey patch sponsorship transaction with Madison Square Garden Sports Corp.

ArentFox Schiff represented BMG in the Berlin-headquartered global music company’s single largest catalog acquisition in the company’s history.

ArentFox Schiff is pleased to announce that San Francisco Managing Partner and Sports Practice Co-Leader Richard Brand has been named among Daily Journal’s “Top 100 Lawyers” for the fourth year in a row and fifth time overall for his continuing impact on the legal profession.

A North Carolina federal court’s recent order granting remand in the case Nash Hospitals, Inc. v. UnitedHealthcare of North Carolina, Inc., et al., No. 5:25-CV-28-FL underscores the limits of federal question jurisdiction in disputes arising from health care provider-payer agreements, particularly where the claims are grounded in state law and do not necessarily require resolution of a substantial federal issue.

ArentFox Schiff is pleased to announce that 132 attorneys have been recognized by The Best Lawyers in America 2026, with two attorneys highlighted as “Lawyers of the Year” and 66 attorneys listed as “Ones to Watch.”

On August 7, the White House issued an Executive Order (EO) aimed at broadening Americans’ access to alternative asset investments within employer-sponsored defined-contribution retirement plans, such as 401(k) plans.

ArentFox Schiff advised Ramaco Resources, Inc., an operator and developer of high-quality, low-cost metallurgical coal and a developing producer of coal, rare earth, and critical minerals, in two public offerings totaling $265 million.

On July 21, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a two-year postponement of the Anti-Money Laundering (AML)/Countering the Financing of Terrorism (CFT) Program and Suspicious Activity Report filing requirements for registered investment advisers (IAs) and exempt reporting advisers.

On July 18, President Trump signed the GENIUS Act into law, marking a significant development in the regulation of digital assets and stablecoins in the United States.

The qualified small business stock (QSBS) rules can be a powerful tax planning tool, and, following the recent enactment of a signature tax law, they have become even more potent.

In September 2024, the US Securities and Exchange Commission (SEC) adopted rule changes to its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) file access and account management system (EDGAR Next), which went into effect on March 24. EDGAR Next is designed to improve the security and manageability of electronic filings.

On June 1, Mexico held its first-ever national election to appoint judges from the lowest levels in the judicial hierarchy to the very highest, including the Mexican Supreme Court. In total, the 7,700 judges elected through this process will replace previously appointed judges and will take office on September 1.

ArentFox Schiff is pleased to announce that 21 practices and 84 attorneys have been recognized by The Legal 500 United States 2025 guide, including three Tier 1 rankings for (1) Chicago Elite – Corporate and M&A Leading Law Firms, (2) Intellectual Property – Patents: Prosecution (Including Re–Examination and Post–Grant Proceedings), and (3) Finance – Restructuring (Including Bankruptcy): Municipal.

ArentFox Schiff is pleased to announce that Phillip Gharabegian and Cheyenne Rodriguez have joined the firm in its Sports Industry Group and Corporate & Securities practice. Phillip joins as a partner and Cheyenne joins as an associate, and both will reside in the firm’s Los Angeles Office. Their additions mark a strategic expansion of the firm’s nationally recognized Sports Industry Group and significantly increases the firm’s depth in media and related matters.

On June 4, the US Securities and Exchange Commission (SEC) published a concept release soliciting public comment on potential amendments to the definition of foreign private issuer (FPI) under US securities laws.

ArentFox Schiff is pleased to announce that 69 attorneys were recognized as leaders in their field and 23 practices spanning the firm’s litigation, regulatory, and transactional capabilities were ranked in the 2025 edition of Chambers USA: America’s Leading Lawyers for Business.

ArentFox Schiff represented Grupo Inlosa, a Mexico-based automotive retail group expanding its US operations, in acquiring Toyota of Pharr in February. The store was purchased from Penske Automotive Group Inc., a publicly traded US automotive retailer. Grupo Inlosa anticipates that the new store will complement its nearby Buick GMC dealership.

ArentFox Schiff advised Knight Automotive Group, a Canada-based automotive retail group, in its sale of Elk Grove Subaru to Lithia Motors, Inc., the nation’s largest automotive dealership group (ranked by total units sold).

ArentFox Schiff represented Trophy Automotive Dealer Group in acquiring Kia of Cerritos, the nation’s second highest-volume Kia dealership, from Lou Sobh Automotive.

Employee Stock Ownership Plans (ESOPs) are unique employee benefit plans designed to invest primarily in the stock of the sponsoring employer.

The US Department of Justice (DOJ) revised its Criminal Division Corporate Enforcement and Voluntary Disclosure Policy (CEP), outlining the benefits a company may earn by voluntarily self-disclosing misconduct, as well as the path to resolution in other cases. The DOJ aimed to simplify the document and clarify the outcomes that companies can expect.

ArentFox Schiff represented leading national civil engineering firm, Vanasse Hangen Brustlin, Inc. (VHB), in a trio of transformative acquisitions which will accelerate VHB’s growth and further its capabilities to address complex challenges for its clients.

Government Relations Co-Chair Philip English and Partner Paul Schmid will sit down for a fireside chat at the XPX Greater Boston Summit on May 13.