Insights on Corporate & Securities

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.

Schiff is representing Central Steel & Wire Company, a leading metal service center with a strong reputation as a valued supply chain partner.

Schiff Hardin is representing First Mid-Illinois Bancshares, Inc. in the pending acquisition of all of the outstanding stock of SCB Bancorp, Inc.

Schiff Hardin LLP today announced that Olga Bogush has joined the firm’s Tax Practice as a partner in the New York office.

Schiff Hardin LLP is pleased to announce that three of its practice groups have been recognized for the third consecutive year by The Legal 500 United States 2018 guide, a nationwide analysis of law firms with input from more than 300,000 corporate counsel on which firms provide the most cutting-edge and innovative advice.

The 2018 edition of Legal 500 US has rated 50 Arent Fox LLP attorneys as national leaders in their field. In addition, 18 of the firm’s practice areas were ranked among the best in the country, including new recognition for the firm’s Trademark Litigation and White Collar groups.

In a recent decision, the US Court of Appeals for the Ninth Circuit held that a surgical center lacked standing to bring ERISA claims against a health plan because the plan had a valid anti-assignment provision.

Chambers USA: America’s Leading Lawyers for Business has recognized 30 Arent Fox LLP attorneys as leaders in their field.

Arent Fox is pleased to announce the launch of a new Blockchain group that pulls together attorneys from a number of the firm’s top practices to help clients navigate this emerging technology.

Arent Fox Partner Wib Chesser, in an article published in the April 2018 issue of Intellectual Property Magazine, offers best practices to companies as they enter a business transaction.

In this video episode of Fashion Counsel, Anthony Lupo and Richard Brand discuss the issues and opportunities in naming rights and sponsorships.

Arent Fox announced today that it advised Deutsch Family Wine & Spirits in its acquisition of a 50 percent stake in Bellacosa.

In the last 60 days, Schiff Hardin advised on the initial public offerings (IPO) for two companies and a public offering for another company, two in pharmaceuticals and one in the tech sector.

A Michigan federal judge on Thursday dismissed an antitrust complaint challenging multiple listing service (MLS) rules that limit access to realtor association members (an MLS aggregates and manages real estate listing data and facilitates cooperation among real estate agents and brokers).

In a recent 8-6 en banc decision, Ariana M. v. Humana Health Plan of Texas, Inc., No. 16-20174, 2018 WL 1096980 (5th Cir. Mar. 1, 2018), the Fifth Circuit Court of Appeals overturned its precedent, to step in line with the majority of other circuits.

Government regulators have struggled to keep pace with entrepreneurs as they launch new cryptocurrencies and trading platforms, resulting in largely unregulated virtual currency exchanges.

Schiff Hardin LLP today announced the addition of leading energy lawyer Sarah A. W. Fitts as a partner in the New York office. Fitts represents global and U.S. clients in mergers and acquisitions, project finance, and restructurings with a focus on the energy sector.

Arent Fox represented SunBridge Capital Management, LLC in its equity investment in La Jolla, California-based Silvergate Capital Corporation.

Schiff Hardin advised The Benchmark Company as managing underwriter in Biofrontera AG’s initial public offering of 1.2 million American depositary shares (ADSs), raising $12 million, and the Nasdaq listing of Biofrontera’s ADSs.

Arent Fox assisted Deutsch Family Wine & Spirits in Deutsch’s purchase of two top-shelf whiskey brands — “Masterson’s Rye” and “Bib & Tucker”