Insights on Corporate & Securities

ArentFox Schiff Partners Amal Dave, Kristen Hosack Pace, and Ankit Shrivastava collaborate with UBS Private Wealth Management to present a panel on succession and generational transfer at AAHOA Washington, DC Regional Conference & Trade Show.

On August 3, 2023, health care providers in Texas scored yet another victory when a federal court vacated additional portions of the Biden Administration’s rules governing fee collection and claim batching under the federal No Surprises Act (the Act).

ArentFox Schiff is pleased to announce that 130 attorneys have been recognized by The Best Lawyers in America 2024, with an additional four attorneys highlighted as “Lawyers of the Year” and 69 attorneys listed as “Ones to Watch.”

On July 25, 2023, the US Departments of Labor (DOL), Treasury (USDT), and Health and Human Services (HHS) (the Departments) released a much-anticipated interim final rule to ensure that group health plans comply with the Mental Health Parity and Addiction Equity Act (MHPAEA).

As general partners increasingly use continuation funds to generate optionality within a fund, it is important for limited partners to align their interests with general partners in such situations.

On June 8, 2023, the US Securities and Exchange Commission’s (SEC) Division of Examinations (DOE) published a risk alert informing advisors of focus areas during examinations for the Marketing Rule.

The US District Court of the Southern District of New York has appeared to hand digital asset sellers their first victory, albeit partial, amidst a flurry of enforcement actions by the US Securities and Exchange Commission (SEC), including suits against Coinbase and Binance.

ArentFox Schiff is pleased to announce that 93 attorneys and 21 practices have been ranked by The Legal 500 United States 2023 guide, a nationwide analysis of law firms that provide cutting-edge and innovative advice.

Family offices routinely create, manage, and invest in multiple entities, including corporations, limited liability companies, and partnerships. For entities formed or operating in the United States, there has never been a comprehensive national requirement to disclose ultimate beneficial ownership.

ArentFox Schiff is pleased to announce that 70 attorneys were recognized as leaders in their field and 24 practices spanning the firm’s litigation, regulatory, and transactional capabilities were ranked in the 2023 edition of Chambers USA.

ArentFox Schiff advised Cresset Asset Management, LLC in its merger with TRUE Capital Management, creating a multi-family office with nearly $33 billion in assets under management and with offices in 19 locations around the nation.

On May 3, 2023, the Securities and Exchange Commission (SEC) adopted amendments to Form PF.

In the inaugural episode of Corporate Corner, hosts Scott Adamson and William D’Angelo speak with AFS Partner Adam Diederich to discuss the Corporate Transparency Act (CTA), which will take effect in 2024.

Mark Zaander will speak on a panel that Tyler Margolis will moderate at the ACIC Spring Investment Forum on April 28, 2023.

Megan Daily will present “What’s in a Contract and Why” at the DC Pro Bono Center’s Understanding the Fundamentals of Nonprofit Organizations seminar series on April 27, 2023.

Private Company Strategies

On March 27, the US Securities and Exchange Commission (SEC) released a risk alert focusing on the SEC’s conclusions after its routine examination of newly registered investment advisors.

Allan will present the latest developments in insider trading on April 13 in Sao Paulo, Brazil.

ArentFox Schiff represented NextPlat Corp (NASDAQ:NXPL)(NASDAQ:NXPLW) in its $6 million private placement of common stock.

Just Women’s Sports Inc. and ‘Snacks,’ the premier women’s soccer podcast series hosted by Sam Mewis and Lynn Williams from Just Women’s Sports, have teamed up with iHeartPodcasts for the return of the highly anticipated new season of ‘Snacks.’

ArentFox Schiff is representing TruGolf, Inc., a leading golf simulator manufacturer and distributor, in its announced merger with Deep Medicine Acquisition Corp. (NASDAQ: DMAQ), a publicly traded special purpose acquisition company.

The US Securities and Exchange Commission (SEC) released a proposal to amend Rule 206(4)-2, the “custody rule” (the “current rule”), which currently requires all investment advisors with the ability to possess client funds and securities to hold funds in a designated bank account.

ArentFox Schiff represented Vervent, Inc. in its acquisition of a high-performance business process outsourcing (BPO) organization in the Philippines in an expansion of its contact center and servicing business.

ArentFox Schiff represents First Mid Bancshares, Inc. (NASDAQ: FMBH) in its announced agreement to acquire Blackhawk Bancorp, Inc. (OTCQX: BHWB) in a in a 100% stock transaction of approximately $90.3 million.

ArentFox Schiff is proud to announce that the Bankruptcy & Financial Restructuring group has been awarded “Industrials Deal of the Year” for the sale of Masten Space Systems to Astrobotic Technology, Inc. by The M&A Advisor for the 17th Annual Turnaround Awards.