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LIBOR Transition – ISDA Prepares to Launch 2020 IBOR Fallbacks Protocol and Supplement

Following a favorable review from the Antitrust Division of the U.S. Department of Justice, the International Swaps and Derivatives Association (“ISDA”) announced on October 9, 2020 that it intends to publish a protocol, along with updates to its standardized documentation to provide for fallback rates and procedures to account for the potential discontinuation of certain…

Client Alerts | October 19, 2020 | Derivatives | Investment Management

SEC Proposes New “Finder” Exemption Registration

In an effort to assist small businesses raise capital, on October 7, 2020, the Securities and Exchange Commission (the “SEC”) voted to propose a new limited, conditional exemption (the “Proposed Exemption”) from the broker-dealer registration requirements of Section 15(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) for natural persons who…

Client Alerts | October 16, 2020 | Securities and Corporate Finance

Kleinberg Kaplan’s Hedge Funds and M&A Practice Groups Recognized in 30th Edition of IFLR1000

The 30th edition of IFLR1000 named Kleinberg Kaplan’s Hedge Funds and M&A practice groups among the leading U.S. law firms providing exceptional service across 170 national jurisdictions. The firm’s Hedge Funds group was named a Tier 3 law firm while the M&A practice group received the distinction of Other Notable Law Firm. Kleinberg Kaplan has…

FEATURED PUBLICATION | October 8, 2020 | Hedge Funds | Mergers & Acquisitions

Kleinberg Kaplan Partners Joshua M. Kaplan and Jeffrey B. Kolodny Published in Bloomberg Tax

Kleinberg Kaplan Partners Joshua M. Kaplan and Jeffrey B. Kolodny were recently published in Bloomberg Tax: Tax Management, Estates, Gifts and Trusts Journal. Their article, “The Lows and Highs of Estate Planning in a Pandemic: Making the Most of Estate and Gift Tax Opportunities in the Covid-19 Economy,” discusses the opportunities 2020 can provide for…

Firm News | October 5, 2020 | Estate Planning and Administration | Business Succession Planning | International Trusts & Estates Planning

SEC Amends Rule 14a-8 To Raise the Bar for Shareholder Proposals

SEC Amends Rule 14a-8 To Raise the Bar for Shareholder Proposals On September 23, 2020, the Securities and Exchange Commission (the “SEC”) announced that it had voted to adopt amendments to Rule 14a-8 and the process for shareholder proposals (the “Amendments”).1 The Amendments purport to “modernize” the shareholder proposal process, but in practice will limit…

Client Alerts | September 29, 2020 | Hedge Funds | Investment Management | Investor Activism

Kleinberg Kaplan Ranks as Third Most Active Legal Advisor for Activist Campaigns Over the Last 12 Months According To Latest Refinitiv Data

Kleinberg Kaplan, a pure-play activist law firm, ranks among the most active legal advisors for activist campaigns, according to data intelligence provider Refinitiv. Over the last 12 months, Kleinberg Kaplan ranked third for legal counsel advising activist investors, according to its Global Shareholder Activism Scorecard released this past week. In addition, the firm was listed…

Firm News | September 22, 2020 | Investor Activism

Safer Than Ever: Nine West Decision Buttresses Bankruptcy Safe Harbor

A recent decision by a New York district court confirms that the defendant-friendly holding of the Second Circuit’s Tribune decision (discussed in our prior alert) will be applied broadly to benefit defendants and rejects efforts by plaintiffs to work around Tribune. The decision, In re Nine West LBO Securities Litigation, reaffirms the vitality of the…

Client Alerts | September 22, 2020 | Creditors’ Rights and Bankruptcy Litigation

Kleinberg Kaplan Partner Chris Davis Named to Advisory Board of Millstein Center at Columbia Law School

Kleinberg Kaplan is pleased to announce that Christopher P. Davis, chair of the firm’s Mergers and Acquisitions and Investor Activism groups, has been named an advisory board member of the The Ira M. Millstein Center for Global Markets and Corporate Ownership at Columbia Law School. Davis, recently recognized in Chambers USA, is one of several…

Firm News | September 15, 2020 | Mergers & Acquisitions | Investor Activism