Steptoe & Johnson

CAI's College of Community Association Lawyers Announces 2024 Officers, New Fellows

Retrieved on: 
Lunedì, Dicembre 18, 2023
Shaw, Church, Miske, Education, Lawyer, Steptoe & Johnson, Bunn, Hellmuth

He counsels the firm’s clients on the broad range of community association law issues and is an experienced litigator.

Key Points: 
  • He counsels the firm’s clients on the broad range of community association law issues and is an experienced litigator.
  • The one common quality you see about CCAL fellows is dedication both to education and to advancing the practice of community association law,” says Bunn.
  • CCAL provides advanced professional educational programs to its fellows and identifies and contributes to the solution of community association legal challenges.
  • CCAL consists of 170 attorneys, including 11 new members to be inducted during CAI’s 2024 Community Association Law Seminar , Feb. 14–17, in Las Vegas.

Volato Announces Closing of Business Combination with PROOF Acquisition Corp I; Secures Additional Equity Financing

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Venerdì, Dicembre 1, 2023
Transportation, Air, Transport, Travel, LSH, Roth Capital Partners, NYSE, Business analyst, LLP, Investment, New York Stock Exchange, Steptoe & Johnson, NYSE American, PACI, Security (finance), Volato Aeronaves

Volato, Inc., (“Volato”) a leading private aviation company in the United States, and PROOF Acquisition Corp I (NYSE: PACI) (“PACI”) today announced the completion of their business combination (the “Business Combination”).

Key Points: 
  • Volato, Inc., (“Volato”) a leading private aviation company in the United States, and PROOF Acquisition Corp I (NYSE: PACI) (“PACI”) today announced the completion of their business combination (the “Business Combination”).
  • Concurrent with the closing of the Business Combination, PACI also announced the closing of an additional $12 million of private investments, which, along with the $14 million in Series A Preferred Equity financing completed since July 2023, were converted to common stock at the time of the closing of the Business Combination.
  • Including these transactions and the conversion of Volato convertible debt, the total capital raised exceeds $60 million.
  • Matt Liotta, CEO & Co-Founder of Volato commented, “This is an exciting milestone for Volato, our customers, and our investors.

PROOF Acquisition Corp I Stockholders Approve Previously Announced Business Combination with Volato

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Mercoledì, Novembre 29, 2023
Public Transport, Air, Transport, Other Transport, NYSE American, NYSE, Special, Business analyst, LLP, SOAR, Steptoe & Johnson, Volato Aeronaves, PACI, Common

PROOF Acquisition Corp I (NYSE: PACI) (“PACI”) today announced that its stockholders voted to approve the previously announced business combination with Volato, Inc. a leading private aviation company in the United States, at the special meeting of stockholders (the “Special Meeting”) held on November 28, 2023.

Key Points: 
  • PROOF Acquisition Corp I (NYSE: PACI) (“PACI”) today announced that its stockholders voted to approve the previously announced business combination with Volato, Inc. a leading private aviation company in the United States, at the special meeting of stockholders (the “Special Meeting”) held on November 28, 2023.
  • Approximately 97% of the votes cast at the Special Meeting were cast in favor of the approval of the Business Combination.
  • The closing of the Business Combination is anticipated to occur on or before December 1, 2023.
  • BTIG, LLC and Roth MKM are serving as financial advisors to Volato, Inc. Womble Bond Dickinson (US) LLP is serving as legal advisor to Volato, Inc. Steptoe & Johnson LLP is serving as legal advisor to PROOF Acquisition Corp I. Lowenstein Sandler LLP is serving as legal advisor to PROOF.vc.

NOG Announces Bolt-on Acquisitions; Expands Northern Delaware Position and Enters Ohio Utica Shale in Appalachia

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Martedì, Novembre 21, 2023
Energy, Other Energy, Oil, Gas, Permian, Acquisition, NYSE, Citigroup, Kirkland & Ellis, Perella Weinberg Partners, Point, Public expenditure, Capital, Capital expenditure, Steptoe & Johnson, NOG, TPH, Growth, Environment, Financial services, Delaware Basin, Utica

Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or “Company”) today announced two acquisition transactions.

Key Points: 
  • Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or “Company”) today announced two acquisition transactions.
  • The undeveloped assets are of extremely high quality, with an average pre-tax PV-10 breakeven of less than $45 per barrel.
  • NOG has entered into a definitive agreement with a separate private party to acquire non-operated interests in Jefferson, Harrison, Belmont, and Monroe Counties, Ohio.
  • Substantially all the assets are operated by Ascent Resources, one of the top Utica producers in Ohio.

UN World Food Programme Innovation Accelerator and Global Blockchain Business Council Launch Initiative to Combat Global Hunger Using Blockchain Technology

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Mercoledì, Settembre 13, 2023
Food security, Blockchain, SDG, United Nations, Starvation, GBBC, Malnutrition, Funding, Farmer, SOFI, COVID-19, USD, United Nations General Assembly, World Food Programme, Organization, Steptoe & Johnson, Trust, C3, WFP, MOU, UN, 2007–2008 world food price crisis, UNGA, Food, Hunger, Nobel Peace Prize, Accenture, Pharmaceutical industry, Cryptocurrency, Bayer

Leveraging the power of blockchain technology to improve the delivery of humanitarian support, Food for Crisis will support a more sustainable future through innovation.

Key Points: 
  • Leveraging the power of blockchain technology to improve the delivery of humanitarian support, Food for Crisis will support a more sustainable future through innovation.
  • Food for Crisis 9.12 - UN World Food Programme Innovation Accelerator, GBBC Launch Initiative to Combat Global Hunger Using Blockchain Technology
    Communities across the world have been devastated by the global food crisis due to the combined effects of ongoing conflicts, economic shocks, and climate extremes, contributing to disruptions in supply chains and soaring fertilizer prices.
  • Food for Crisis aims to increase awareness of the global food crisis and raise funds to urgently mobilize resources to end hunger at scale.
  • The Food for Crisis initiative seeks to harness this technology for both immediate emergency relief and sustainable innovative solutions."

Volato, an Innovator in Private Aviation, to Become a Public Company via Business Combination with PROOF Acquisition Corp I

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Mercoledì, Agosto 2, 2023
Professional Services, Air, Transport, Finance, Aircraft, LLP, PACI, Travel, Partnership, Face, Telephone, Aviation, GCA, Special-purpose acquisition company, Daily Deal, Honda HA-420 HondaJet, ID, Steptoe & Johnson, CO2, Webcast, Growth, Security (finance), CO, Honda Aircraft Company, NYSE, Cryptocurrency, Airline, Volato Aeronaves

Volato, an innovator in private aviation, announced today that it has entered into a business combination agreement with PROOF Acquisition Corp I (“PACI”) (NYSE: PACI), a Special Purpose Acquisition Company, that will result in Volato becoming a publicly traded company.

Key Points: 
  • Volato, an innovator in private aviation, announced today that it has entered into a business combination agreement with PROOF Acquisition Corp I (“PACI”) (NYSE: PACI), a Special Purpose Acquisition Company, that will result in Volato becoming a publicly traded company.
  • Since inception, our team has consistently exceeded its goals, including generating nearly $100 million in revenue in FY 2022.
  • We were also attracted to Volato’s innovative yet simple business model, set within a highly regulated, traditional industry which is ripe for disruption.
  • The company now has 18 HondaJets in fleet with a further 23 on firm order from Honda Aircraft Company.

Viasat Completes Acquisition of Inmarsat

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Mercoledì, Maggio 31, 2023
Satellite, PJT Partners, Barclays, VSAT, Aviation, Innovation, J.P. Morgan & Co., Latham & Watkins, Baupost Group, Kirkland & Ellis, Government, Steptoe & Johnson, Linklaters, Acquisition, Corporation, Growth, Viasat (American company), Safety, Guru Gowrappan, Renewable energy, Management, Viasat, Inmarsat

CARLSBAD, Calif., May 31, 2023 /PRNewswire/ -- Viasat Inc., (NASDAQ: VSAT), a global communications company, today announced the completion of its acquisition of Inmarsat.

Key Points: 
  • CARLSBAD, Calif., May 31, 2023 /PRNewswire/ -- Viasat Inc. , (NASDAQ: VSAT), a global communications company, today announced the completion of its acquisition of Inmarsat.
  • "We are thrilled to welcome Inmarsat's employees, customers, shareholders and partners into the Viasat ecosystem," said Mark Dankberg, Chairman and CEO, Viasat.
  • "I'd also like to thank the Viasat team and the leadership team at Inmarsat, especially the contributions of Rajeev Suri, Inmarsat CEO, and Andy Sukawaty, Inmarsat Chairman.
  • Rajeev and Andy will be joining the Viasat Board of Directors as representatives of the prior Inmarsat private equity ownership consortium.

Sisecam Resources LP Announces the Delisting of Its Common Units and the Closing of the Acquisition by Sisecam Chemicals Wyoming LLC

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Venerdì, Maggio 26, 2023
Natural Resources, Manufacturing, Other Manufacturing, Mining, Minerals, Chemicals, Plastics, Agreement, Plan, Partnership, BofA Securities, Risk, Person, Speaker of the House of Commons (United Kingdom), Messiah Part I, Steptoe & Johnson, Annual report, SCW, NYSE, SCR, Tunnell, Security (finance)

Sisecam Resources LP (“Partnership” or “Sisecam”) (NYSE: SIRE) and Sisecam Chemicals Resources LLC (“SCR”) today announced that the transaction contemplated by the Agreement and Plan of Merger dated as of February 1, 2023 (the “Agreement”) by and among the Partnership, Sisecam Chemicals Newco LLC, Sisecam Resource Partners LLC, and Sisecam Chemicals Wyoming LLC (“SCW”), a wholly-owned subsidiary of SCR, was completed on May 26, 2023.

Key Points: 
  • Sisecam Resources LP (“Partnership” or “Sisecam”) (NYSE: SIRE) and Sisecam Chemicals Resources LLC (“SCR”) today announced that the transaction contemplated by the Agreement and Plan of Merger dated as of February 1, 2023 (the “Agreement”) by and among the Partnership, Sisecam Chemicals Newco LLC, Sisecam Resource Partners LLC, and Sisecam Chemicals Wyoming LLC (“SCW”), a wholly-owned subsidiary of SCR, was completed on May 26, 2023.
  • Due to the closing of the transaction, the Partnership became a private company and the Partnership’s Common Units have ceased to be publicly traded on the New York Stock Exchange.
  • The Conflicts Committee engaged Potter Anderson & Corroon LLP as its legal advisor and Evercore as its financial advisor.
  • We have used the words “expect,” “intend,” “may,” “would,” “plan” and similar terms and phrases to identify forward-looking statements.

Eric Solomon, Esteemed Tax Authority, Joins Ivins, Phillips & Barker

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Lunedì, Maggio 8, 2023
Tax, IRS, Phillip Barker (film director), Georgetown University Law Center, Joint committee, Office of Intelligence and Analysis (Treasury Department), Senior counsel, Assistant, Office of Tax Policy, Treasury, Steptoe & Johnson, Ernst & Young, Department of the Treasury, Partner, Steptoe, IPB, Treasury Inspector General for Tax Administration, Knowledge, Policy, Tax policy, Distinguishing, American Bar Association

Solomon brings a wealth of knowledge and experience to IPB, having most recently served as a Partner and then Senior Counsel at Steptoe & Johnson LLP, where he focused on transactional tax, tax policy, and tax controversy issues.

Key Points: 
  • Solomon brings a wealth of knowledge and experience to IPB, having most recently served as a Partner and then Senior Counsel at Steptoe & Johnson LLP, where he focused on transactional tax, tax policy, and tax controversy issues.
  • He was Assistant Secretary for Tax Policy, the highest tax policy position in the Treasury, from 2006 to 2009.
  • Eric Fox, Managing Partner of IPB, expressed enthusiasm about Solomon's arrival, stating, "We are excited to welcome Eric to our firm.
  • "IPB's team sets the bar high, with its deep understanding of tax law and reputation for unmatched client service."

Wolters Kluwer thought leader to speak at the American Bar Association's 2023 May Tax Meeting

Retrieved on: 
Giovedì, Maggio 4, 2023
ABA, Kostelanetz, Section, ChatGPT, Lawyer, Morgan Lewis, Crowell, Steptoe & Johnson, Ethics, Steptoe, Growth, AI, American Bar Association, CPE, American Bar Association Model Rules of Professional Conduct

NEW YORK, May 4, 2023 /PRNewswire/ -- Ken Crutchfield, Vice President & General Manager of Legal Markets at Wolters Kluwer Legal & Regulatory U.S., will speak at the American Bar Association's (ABA) 2023 May Tax Meeting on a panel titled "Will Robots Replace Lawyers? The Ethics of Lawyers Using ChatGPT." The panel will take place in Washington D.C. on Friday, May 5, at 1:00 pm ET.

Key Points: 
  • NEW YORK, May 4, 2023 /PRNewswire/ -- Ken Crutchfield, Vice President & General Manager of Legal Markets at Wolters Kluwer Legal & Regulatory U.S. , will speak at the American Bar Association's (ABA) 2023 May Tax Meeting on a panel titled "Will Robots Replace Lawyers?
  • The panel will take place in Washington D.C. on Friday, May 5, at 1:00 pm ET.
  • The ABA's May Tax Meeting is the Section's largest and the premier event for lawyers interested in all aspects of tax law.
  • In addition to high-level programming, the meeting offers numerous opportunities for participants to network, exchange ideas, and build new business relationships.