Valuation is a key element in bankruptcies. Generally, a higher valuation of a bankrupt firm means larger creditor recoveries, and a higher valuation of pre-petition collateral means a smaller “adequate protection” package for prepetition secured lenders.
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.
On March 14-15, 2023, at US Customs and Border Protection’s (CBP) Forced Labor Technical Expo (Expo), “Tools for Supply Chain Transparency,” 19 technology service providers (providers) presented their forced labor supply chain diligence solutions.
Executive branch priorities are clearly set out in agency budget requests. While the amount budgeted generally changes when Congress has its say, the original request provides unique insight into how agencies perceive what can and should happen in the next fiscal year.
In a pro bono partnership with Buried Alive Project, ArentFox Schiff helped secure the release of Tony Lewis, who was serving a life sentence for a drug offense in Washington, DC. After spending nearly 34 years in prison, Lewis will be released on March 20, 2023.
Less than a month after denying copyright protection to AI-generated illustrations in a comic book, the US Copyright Office issued a statement of policy last Thursday to provide guidance on copyright protection of works that contain material generated using AI assistive technology.
As those in the reproductive health space scramble to keep up with the ever-changing landscape of mifepristone (Mifeprex) access, it seems that every party must have their say.
With some of the nation’s largest real estate owners defaulting on, and looking to restructure, loans backed by commercial office buildings, what may have seemed like an impossibility a few short years ago, is now very much a reality.
The Federal Communications Commission (FCC) has announced the next public meeting of its Precision Agriculture Connectivity Task Force (Task Force), which has been scheduled for March 28, 2023.
On March 9, 2023, a putative class action was filed against DraftKings Inc. for alleged violations of federal securities laws in the US District Court for the District of Massachusetts.
While many had hoped that the senior housing rollercoaster would begin to level off in 2023, inflation and rising interest rates continue to create uncertainty for the year ahead. Nonetheless, industry members share one common belief: innovation will be key.
ArentFox Schiff attorneys Frank Lyons and Sarah Lode will share their perspectives and advice on how companies and facilities can prepare for and handle environmental compliance inspections.
Yesterday, Illinois Governor Pritzker signed into law the “Paid Leave for All Workers Act,” which will allow most Illinois employees up to 40 hours of paid leave per year, for any purpose, starting on January 1, 2024. This will represent a sea change for many employers in the state.
On February 22, 2023, the United States District Court for the Southern District of New York, in a 64-page opinion, denied a motion to dismiss filed by Dapper Labs, Inc., the developer behind the NBA Top Shot NFT platform, which is hosted on its private blockchain, Flow.
Last year, in Naranjo v. Spectrum Security Services, Inc., 13 Cal.5th 93 (2022), the California Supreme Court held that an employer’s failure to timely pay premium pay for meal and rest break violations could subject the employer to waiting time and wage statement penalties.
ArentFox Schiff LLP is proud to sponsor the 9th Cohort of TiE ScaleUp, a program of TiE Boston that is New England’s first and only seed+ to Series A accelerator.