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Kleinberg Kaplan Announces Partner Promotions

January 3, 2023, NEW YORK – Premier boutique law firm Kleinberg Kaplan announces the promotion of two associates, Moshe Segal and Derek Stueben, to the firm partnership, effective January 1, 2023. Moshe is a member of Kleinberg Kaplan’s Private Funds & Investment Management group and Derek is a member of the firm’s Corporate Transactional &…

Firm News | January 3, 2023 | Investment Management | Executive Compensation | Hedge Funds | Private Equity Funds | Digital Assets and Cryptocurrency | Emerging Companies & Venture Capital | Mergers & Acquisitions | Securities and Corporate Finance

Kleinberg Kaplan’s Joshua Bromberg speaks with New York Law Journal about fraud case against FTX Founder

Kleinberg Kaplan partner Joshua Bromberg was recently quoted in the New York Law Journal article “Ellison, Wang Cooperation ‘Bodes Very Badly’ for FTX Founder Sam Bankman-Fried, White-Collar Attorneys Say.” The article covers how the cooperation of former associates Caroline Ellison and Gary Wang might impact the case against FTX founder Sam Bankman-Fried. As quoted in…

Firm News | December 23, 2022 | Creditors’ Rights and Bankruptcy Litigation | Digital Assets and Cryptocurrency

Kleinberg Kaplan’s Christopher Davis quoted in Business Insider and The Deal on Bluebell activist action against BlackRock

Christopher Davis, chair of Kleinberg Kaplan’s Investor Activism practice, was recently quoted in the Business Insider article, “The small activist hedge fund taking on BlackRock explains why it wants to oust Larry Fink.” The article details the activist ESG action brought on by Bluebell Capital Partners, a London-based activist hedge fund, against BlackRock, one of…

Firm News | December 14, 2022 | Investor Activism

Kleinberg Kaplan Partners Quoted Extensively in Media in Wake of FTX Collapse

Kleinberg Kaplan Partners Jared Gianatasio, Matthew Gold and Dov Kleiner have been quoted extensively in the press in the wake of the FTX collapse and the related fallout. In The American Lawyer article “For Crypto Attorneys, FTX Bankruptcy Is a ‘Black Swan Event,’” Jared Gianatasio considers how the downfall of FTX may lead to increased…

Firm News | November 21, 2022 | Digital Assets and Cryptocurrency | Creditors’ Rights and Bankruptcy Litigation | Business Restructuring and Reorganization

Introducing Rep & Warranty Insurance to Section 363 Sales

As inflation and interest rates rise, many businesses begin to restructure their balance sheet, which will, in many cases, include selling assets. When a distressed sale is carried out under bankruptcy court supervision, it is called a Section 363 Sale. Since the last down-market cycle when Section 363 Sales were more plentiful, a form of private third-party…

Client Alerts | October 24, 2022 | Business Restructuring and Reorganization | Mergers & Acquisitions

Kleinberg Kaplan Partners Christian Gloger and Richard Guidice, Jr. Featured in Think Advisor

Kleinberg Kaplan Partners Christian Gloger and Richard Guidice, Jr. were featured in a Think Advisor article, “How Advisors Can Get Ready for New SEC Marketing Rule,” discussing important considerations ahead of the November 4 compliance date for the new SEC Marketing Rule. The article highlighted key takeaways from Christian’s and Rich’s earlier webinar on the…

Firm News | October 20, 2022 | Hedge Funds | Private Equity Funds

IRS Announces 2023 Inflation Adjustments to Estate, Gift and Generation-Skipping Tax Exemptions

On October 18, 2022, the IRS released Revenue Procedure 2022-38, which announced 2023 annual inflation adjustments for various tax provisions. Effective January 1, 2023, the estate and gift tax basic exclusion amount and the generation‑skipping transfer (“GST”) tax exemption are scheduled to increase from $12,060,000 to $12,920,000. This is an increase of $860,000 per person or…

Client Alerts | October 20, 2022 | Estate Planning and Administration

Action Items for Advisers prior to Marketing Rule Going Live

The Securities and Exchange Commission (“SEC”) adopted sweeping amendments to the rules that govern advertising by investment advisers and payments to solicitors under the Investment Advisers Act of 1940, as amended (“Advisers Act”). These amendments combined the prior rules governing advertising and paid solicitation into a single revised Rule 206(4)-1 (the “Marketing Rule”).1 All investment advisers registered,…

Client Alerts | October 12, 2022 | Hedge Funds | Investment Management | Private Equity Funds

Dov Kleiner speaks with CoinDesk about Celsius Network’s pending interim report

In an interview with CoinDesk, Kleinberg Kaplan Partner Dov Kleiner weighed in on the potential impact of the interim report recently ordered by U.S. bankruptcy Judge Martin Glenn in Celsius Network’s bankruptcy case. The independent examiner’s report will detail, among other things, Celsius’ financial management and handling of customer accounts, and marks the “first time…

Firm News | October 12, 2022 | Creditors’ Rights and Bankruptcy Litigation | Digital Assets and Cryptocurrency

Matthew Gold and Dov Kleiner discuss novel issues in crypto bankruptcy with Turnarounds & Workouts

Kleinberg Kaplan Partners Matthew Gold and Dov Kleiner recently spoke with Turnarounds & Workouts about the recent spate of crypto company bankruptcies and liquidations, like those of Celsius and Voyager. Their insight is featured in “Crypto Winter Is Here,” the cover story of the publication’s September 2022 issue. In the article, Matt and Dov identify…

Firm News | October 6, 2022 | Business Restructuring and Reorganization | Creditors’ Rights and Bankruptcy Litigation | Digital Assets and Cryptocurrency