Content Type (RSS): In the News

  • CLOs and Material Nonpublic Information: Key Takeaways from the SEC’s Settlement with Sound Point

    CLOs and Material Nonpublic Information: Key Takeaways from the SEC’s Settlement with Sound Point

    ARTICLE

    CLOs and Material Nonpublic Information: Key Takeaways from the SEC’s Settlement with Sound Point

    13. Februar 2025

    Read time: 2 min

    Key takeaways
    Overview

    In this alert, we present the key lessons to be learned from the U.S. Securities and Exchange Commission’s (the SEC) settlement with Sound Point Capital Management, LP (Sound Point), and discuss whether a similar enforcement action would be possible under the EU and UK market abuse regimes.

    Read the full article written by Vlad Maly, Paul Helms and Michal Chajdukowski on our FinRegNews Blog.

    Sign up now for regular FinRegNews updates.

    In depth
    Authors

    Vlad Maly

    Partner

    London – 22 Bishopsgate

    Paul M.G. Helms

    Partner

    Chicago, Washington, DC

    More insights

  • McDermott Adds Litigation, Private Funds Partners in NY

    McDermott Adds Litigation, Private Funds Partners in NY

    COVERAGE

    McDermott Adds Litigation, Private Funds Partners in NY

    February 12, 2025

    Read time: 2 min

    About Us

    Jared Gerber

    Partner

    New York – One Vanderbilt Avenue

    Allison Scher Bernbach

    Partner

    New York – One Vanderbilt Avenue

    Steven S. Scholes

    Partner

    Chicago

    Tony W. Torain II

    Partner

    Washington, DC, New York – One Vanderbilt Avenue

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  • McDermott Welcomes New Partners to Litigation, Private Equity Fund Practices

    McDermott Welcomes New Partners to Litigation, Private Equity Fund Practices

    COVERAGE

    McDermott Welcomes New Partners to Litigation, Private Equity Fund Practices

    February 12, 2025

    Read time: 2 min

    About Us

    Jared Gerber

    Partner

    New York – One Vanderbilt Avenue

    Allison Scher Bernbach

    Partner

    New York – One Vanderbilt Avenue

    Steven S. Scholes

    Partner

    Chicago

    Mary Schnoor

    Partner

    Washington, DC

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  • Bernbach to Head McDermott’s U.S. Private Equity Fund Regulatory Practice

    Bernbach to Head McDermott’s U.S. Private Equity Fund Regulatory Practice

    COVERAGE

    Bernbach to Head McDermott’s U.S. Private Equity Fund Regulatory Practice

    February 12, 2025

    Read time: 2 min

    About Us

    Allison Scher Bernbach

    Partner

    New York – One Vanderbilt Avenue

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  • Attorneys Feeling Impact of Policy, Leadership Shifts at EEOC

    Attorneys Feeling Impact of Policy, Leadership Shifts at EEOC

    COVERAGE

    Attorneys Feeling Impact of Policy, Leadership Shifts at EEOC

    February 12, 2025

    Read time: 2 min

    About Us

    Tony W. Torain II

    Partner

    Washington, DC, New York – One Vanderbilt Avenue

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  • Dealmakers Alter Merger Strategies for Trump Era

    Dealmakers Alter Merger Strategies for Trump Era

    COVERAGE

    Dealmakers Alter Merger Strategies for Trump Era

    February 12, 2025

    Read time: 2 min

    About Us

    Raymond A. Jacobsen , Jr.

    Partner

    Washington, DC

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  • McDermott Expands Securities Litigation Offering With Strategic Hire

    McDermott Expands Securities Litigation Offering With Strategic Hire

    PRESS RELEASE

    McDermott Expands Securities Litigation Offering With Strategic Hire

    February 12, 2025

    Read time: 5 min

    International law firm McDermott Will & Emery is pleased to announce that Jared Gerber has joined the Firm as a partner in its Litigation Practice Group in New York. Jared focuses his practice on securities litigation, specifically securities class actions and shareholder derivative actions, appellate litigation, and other complex commercial litigation. He joins from Cleary Gottlieb.

    “Jared’s deep experience in securities litigation and appellate advocacy strategically complements our New York office’s focus on high-stakes shareholder litigation and financial services disputes,” said Steven Scholes, global head of McDermott’s Litigation Practice Group. “At a critical time for complex shareholder litigation, Jared’s deep experience across a range of industries will serve our clients well, both in New York and nationally.”

    Jared represents clients in disputes involving the Exchange Act, Securities Act, Investment Advisers Act, Williams Act, state blue sky laws, and common law in both federal and state courts. Widely recognized as a leading lawyer in his practice area, Jared has extensive trial and appellate experience, including with rulings in the US Supreme Court and lower appellate courts involving significant securities law issues. Jared counsels corporations, financial advisors, directors, and executives in securities fraud actions, merger and acquisition disputes, shareholder derivative actions, and general commercial litigation.

    Jared’s notable client representations include:

    • Petrobras in the sprawling securities litigation arising out of the Lava Jato scandal, including in obtaining a first-of-its-kind decision from the Second Circuit decertifying the class action based on extraterritoriality considerations
    • Dozens of underwriters of Lehman Brothers securities in the multidistrict securities litigation filed following the company’s bankruptcy, including in obtaining a landmark ruling from the Supreme Court holding that class-action tolling does not apply to the Securities Act’s statute of repose
    • Allergan in a securities class action filed after the recall of a medical device, including in obtaining rare decisions denying class certification and granting summary judgment on multiple grounds

    “I’m thrilled to join McDermott’s strong global platform, especially its renowned trial team, with its focus on high-stakes shareholder litigation,” said Jared. “The Firm’s commitment to excellence and its collaborative culture align perfectly with my professional strengths. I look forward to working with my new colleagues and delivering excellent results for clients.”

    Jared’s arrival follows the recent addition of Mary Schnoor to the Firm’s Litigation Practice Group in Washington, DC.

    ABOUT McDERMOTT’S LITIGATION PRACTICE GROUP

    McDermott’s team of more than 250 litigation and dispute resolution lawyers worldwide includes seasoned litigators, trial lawyers, mediators, arbitrators, appellate lawyers, and former senior US prosecutors. We represent clients across every business segment in high-impact cases, government investigations, and dispute resolution proceedings. Working seamlessly with colleagues spanning a variety of practice areas, our litigators take on emerging issues in virtually every industry (with a focus on healthcare, life sciences, accounting services, private equity, and technology) to help clients stay a step ahead of potential risks. When needed, we also develop effective and cost-efficient solutions to address complex commercial disputes, consumer and data breach class actions, international arbitrations, deal and ERISA litigation, and other business challenges. Our nationally recognized US Supreme Court and appellate practice has successfully handled hundreds of appeals and is named on The National Law Journal’s Appellate Hot List. Known for “superb lawyering combined with practical, hands-on effort” (Chambers), our team is recognized globally in Chambers, Legal 500, Best Law Firms, Global Investigations Review GIR 100, and Global Arbitration Review GAR 100.

    About Us

    McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers, and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

    Jared Gerber

    Partner

    New York – One Vanderbilt Avenue

    Steven S. Scholes

    Partner

    Chicago

    Mary Schnoor

    Partner

    Washington, DC

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  • McDermott Adds Investment Funds Regulatory Compliance Partner in New York

    McDermott Adds Investment Funds Regulatory Compliance Partner in New York

    PRESS RELEASE

    McDermott Adds Investment Funds Regulatory Compliance Partner in New York

    February 12, 2025

    Read time: 4 min

    International law firm McDermott Will & Emery welcomes Allison Scher Bernbach to its New York office as partner and head of the US private equity fund regulatory practice. Allison advises investment funds and private equity sponsors in the increasingly complex regulatory landscape, including through US Securities and Exchange Commission examinations, private fund formations, the full structuring of compliance programs, and investment manager acquisitions.

    “The investment funds and private equity markets involve many regulatory considerations. Allison’s experience will further bolster our critical regulatory capabilities,” said Harris Siskind, global head of McDermott’s Transactions Practice Group. “We continue to see an uptick in demand in this space, and we’re delighted to welcome Allison to the team to enhance this power alley practice.”

    Allison has over 25 years of experience counseling private fund advisers on regulatory and compliance issues, including in connection with the Investment Advisers Act of 1940. Her extensive regulatory compliance experience includes advising global, multi-strategy asset management firms and private equity sponsors as both outside and in-house counsel. She previously served as managing director and chief compliance officer of a large private equity investment firm.

    “I’m thrilled to join McDermott and support my clients with first-class resources,” said Allison. “The Firm’s entrepreneurial spirit, focus on growth, and cross-practice collaboration will provide an excellent platform for my practice.”

    McDermott’s Corporate & Transactional Practice Group includes more than 560 lawyers across more than 20 offices globally. The team regularly counsels public and private companies, financial institutions, and private equity firms across various industries on high-impact, transformative transactions. Our lawyers develop forward-thinking solutions, advising clients on everything from mergers and acquisitions to financing deals, investments, fund formations, commercial contracts, capital markets transactions, and restructurings. We lead complex, cross-border transactions in health; energy and project finance; real estate; technology and artificial intelligence; insurance; alcohol; food and beverage; and media, entertainment and sports, among other industries. In Chambers, clients noted that our “wealth of knowledge and sound, practical advice is extremely helpful.” And with a network of lawyers across multiple jurisdictions worldwide, our transactions team brings value to clients wherever they do business. McDermott is recognized as a top-tier law firm for transactions by leading league tables, including Mergermarket, LSEG, The Deal, Bloomberg, and PitchBook. 

    About Us

    McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers, and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

    Allison Scher Bernbach

    Partner

    New York – One Vanderbilt Avenue

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  • McDermott Represents Tether in Strategic PIPE Investment and Related Tender Offer with Rumble

    McDermott Represents Tether in Strategic PIPE Investment and Related Tender Offer with Rumble

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Represents Tether in Strategic PIPE Investment and Related Tender Offer with Rumble

    February 10, 2025

    Read time: 3 min

    McDermott Will & Emery represented Tether in a $775 million strategic private investment in public equity (PIPE) investment and related tender offer in video-sharing platform and cloud services provider Rumble (NASDAQ:RUM). Tether is the largest company in the digital assets industry and the most widely used dollar stablecoin across the world with more than 400 million users.

    As part of the transaction, Tether purchased 103,333,333 shares of Rumble Class A Common Stock at a price per share of $7.50, totaling $775 million in gross proceeds to Rumble.

    The McDermott team was led by Dan Woodard and included David Lipkin, Caroline Samuelson, Heidi Steele, Eric Orsic, Tom Conaghan, Richard Bass, Scott Regan, Elai Katz, Ty Carson, Anthony Ferrara, and Raymond Paretzky.

    Read Rumble’s press release.

    About Us

    McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

    Daniel L. Woodard

    Partner

    New York – One Vanderbilt Avenue

    David A. Lipkin

    Counsel

    Silicon Valley

    Heidi J. Steele

    Partner

    Chicago

    Eric Orsic

    Partner

    Chicago

    Thomas P. Conaghan

    Partner

    Washington, DC, New York – One Vanderbilt Avenue

    Richard Bass

    Partner

    New York – One Vanderbilt Avenue

    Scott Regan

    Partner

    Washington, DC

    Timothy (Ty) Carson

    Counsel

    Washington, DC

    Anthony S. Ferrara

    Partner

    Washington, DC

    Raymond Paretzky

    Counsel

    Washington, DC

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  • The ABA Formalizes “Who Is the Lawyer’s Client?” Professional Obligations

    The ABA Formalizes “Who Is the Lawyer’s Client?” Professional Obligations

    COVERAGE

    The ABA Formalizes “Who Is the Lawyer’s Client?” Professional Obligations

    February 7, 2025

    Read time: 2 min

    About Us

    Joshua David Rogaczewski

    Partner & Deputy General Counsel

    Washington, DC

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