Insights on Corporate & Securities

This post explains when minority shareholders may owe fiduciary duties and steps that shareholders can take to eliminate any fiduciary duties they might owe.

The Ninth Circuit Court of Appeals recently reversed the Northern District of California’s landmark decision against UnitedHealth Group Inc.’s behavioral health unit, United Behavioral Health (“UBH”), under which UBH had been ordered to reprocess tens of thousands of behavioral health claims.

A recent court ruling related to Donald Trump’s attempts to overturn the 2020 presidential election serves as an evergreen reminder that the attorney-client privilege and work product doctrine do not insulate documents and communications created in furtherance of a crime or fraud from disclosure.

Gabriela Palmieri was featured in The Latin Lawyer on how her joining ArentFox Schiff will bring greater depth and experience to the firm’s Latin America group.

On March 21, the U.S. Securities Exchange Commission (SEC) proposed far-reaching climate-related disclosure rules for public companies that do business in the United States.

Gabriela Palmieri was featured in The American Lawyer on joining ArentFox Schiff as counsel following a recent company merger.

ArentFox Schiff is pleased to announce the expansion of its Corporate & Securities practice with the addition of counsel Gabriela E. Palmieri.

On February 23, 2022, in what is being heralded as a significant victory for health care providers, a federal court in Texas vacated portions of the Biden Administration’s rules governing the arbitration procedures to resolve surprise billing disputes under the federal No Surprises Act (the Act).

Schiff Hardin LLP assisted Smart for Life, Inc. in its $14.4 million initial public offering. Smart for Life is a leading developer, marketer, and manufacturer of nutritional and related products.

Schiff Hardin LLP is proud to announce the firm has been ranked by Chambers Global 2022 for the first time for Energy: Electricity (Transactional) – USA. Partner Sarah A. W. Fitts was also ranked in the same category for the eighth consecutive year.

Schiff Hardin LLP advised I-Bankers Securities, Inc., the managing underwriter of AXIOS Sustainable Growth Acquisition Corporation in AXIOS’ initial public offering of 15,000,000 units, which will result in gross proceeds to AXIOS of $150 million.

In December, the Supreme Court requested that U.S. Solicitor General Elizabeth Prelogar file a brief in John Doe 1 v. Express Scripts Inc., weighing in on whether the Court should hear a case about prescription drug costs.

With nearly 150 similar class action lawsuits pending nationwide, the ruling is a win for the ERISA plaintiff’s bar, potentially supporting their expansive view of plan fiduciaries’ duty to monitor investments.

Arent Fox served as legal counsel to Sports Ventures Acquisition Corp (Nasdaq: AKIC), a publicly-traded special purpose acquisition company (SPAC), in its definitive business combination agreement with DNEG.

The role of environmental, social, and corporate governance (ESG) factors in capital allocation and investment decisions are poised to take center stage in 2022. A trend that entered the mainstream with a statement from the Business Roundtable in 2019, signaling a shift in the business community.

Schiff Hardin LLP is advising FNBC Bank & Trust in its sale of certain deposits and loans, and certain other assets, associated with its branches located in Mokena and Yorkville, Ill.

Schiff Hardin LLP advised RocaNews (Roca), a news platform aiming to democratize the news, on raising its $4.4 million seed round and its acquisition of newstech company River.

Schiff Hardin LLP advised Orbsat Corp, a global e-commerce provider of IoT and connectivity solutions through next-generation satellite technology, on its public offering.

Schiff Hardin LLP advised NorthView Acquisition Group in its initial public offering of 18,975,000 units resulting in total gross proceeds of $189,750,000.

Schiff Hardin LLP is pleased to announce the election of nine new partners, effective January 1, 2022.

Schiff Hardin LLP served underwriters’ counsel for Sidus Space, Inc.’s $15 million initial public offering.

Schiff Hardin LLP served as counsel to the underwriter for Financial Strategies Acquisition Corp.’s initial public offering of 10,005,000 units, resulting in total gross proceeds of $100 million.

Schiff Hardin LLP advised Consolidated Communications Holdings, Inc., a leading broadband and business communications provider, on the second stage of the investment from Searchlight Capital Partners, L.P. in an amount of $75 million.

Schiff Hardin LLP served as counsel to the underwriter for Aditxt, Inc.’s $17.4 million public offering of common stock and warrants, which closed Dec. 6, 2021.

Schiff represented Tuthill Corporation on the sale of its Pump Group to Ingersoll Rand Inc. for $85 million, completed December 1, 2021.