BakerHostetler

HYBAR RAISES FINANCING TO BUILD SCRAP METAL RECYCLING STEEL REBAR MILL

Retrieved on: 
Wednesday, August 2, 2023
Partnership, Infrastructure Investment and Jobs Act, BakerHostetler, United States withdrawal from the Paris Agreement, Electricity, U.S. Steel, Multimedia, Goldman Sachs, SMS, Sale, TPG, Mitch Williams, Inflation, Entergy, Latham & Watkins, Primetals Technologies, Green bond, CO2, Climate, Inflation Reduction Act of 2022, Transport, NYSE, Security (finance), Renewable energy

OSCEOLA, Ark., Aug. 2, 2023 /PRNewswire/ -- Hybar, a newly formed company, announced today that it successfully raised $700 million of debt and equity financing to build, start up and operate a technologically advanced, environmentally sustainable scrap metal recycling steel rebar mill.

Key Points: 
  • OSCEOLA, Ark., Aug. 2, 2023 /PRNewswire/ -- Hybar, a newly formed company, announced today that it successfully raised $700 million of debt and equity financing to build, start up and operate a technologically advanced, environmentally sustainable scrap metal recycling steel rebar mill.
  • Of the $700 million raised, $470 million will be spent to build the rebar mill.
  • Hybar expects its greenhouse gas emissions to be the lowest among all North American steel producers, and likely the lowest in the world's steel making community.
  • Hybar plans to produce 630,000 tons of rebar annually with approximately 154 employees (4,090 tons of rebar production per year per employee).

MGP Ingredients to Acquire Penelope Bourbon

Retrieved on: 
Monday, May 8, 2023
LLP, Intellectual property, Partnership, BakerHostetler, TD, MGP of Indiana, MGP, American whiskey, Acquisition, Reed Smith, Hand, Family, Bank, Penelope

ATCHISON, Kan., May 08, 2023 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that its Luxco, Inc. subsidiary has reached a definitive agreement to acquire 100% of the equity of Penelope Bourbon LLC (“Penelope Bourbon” or “Penelope”) and its related assets.

Key Points: 
  • ATCHISON, Kan., May 08, 2023 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that its Luxco, Inc. subsidiary has reached a definitive agreement to acquire 100% of the equity of Penelope Bourbon LLC (“Penelope Bourbon” or “Penelope”) and its related assets.
  • Founded in 2018, Penelope Bourbon is a family and founder-owned and operated American Whiskey company with a diverse portfolio of high-quality whiskeys in the premium-plus price tiers.
  • We look forward to expanding our partnership with MGP and building on our legacy,” said Daniel Polise, COO & Founder of Penelope.
  • TD Cowen served as exclusive financial advisor and BakerHostetler acted as legal transaction advisor to Penelope Bourbon.

BakerHostetler, Watts Guerra and Arnold Gallagher Announce Willamette Valley Wineries Hire Fire Litigation Lawyers to Investigate Suing Pacific Power for Grape and Wine Losses Arising from the 2020 Labor Day Fires

Retrieved on: 
Friday, May 5, 2023
Retail, Legal, Professional Services, Wine & Spirits, BakerHostetler, Oregon State University, PacifiCorp, Wildfire, Tree, Fire, State government, Lawyer, PG, Associate, Wind, Pacific Power, Willamette, Smoke, 2020 Oregon wildfires, Santiam Fire, PG&E, News, Labour, Lusby, Wine, Willamette Valley

The smoke ruined the majority of the 2020 harvest in the Willamette Valley, as well as the wineries’ wine sales and profits over the next several years.

Key Points: 
  • The smoke ruined the majority of the 2020 harvest in the Willamette Valley, as well as the wineries’ wine sales and profits over the next several years.
  • The investigation evaluates whether Pacific Power’s electrical system failed repeatedly in the Santiam Canyon during the record 2020 Labor Day windstorm and ignited 13 separate fires, with the resulting smoke choking residents throughout the Willamette Valley and saturating the 2020 grape harvest.
  • The wineries issued this joint statement:
    “These fires devastated our industry, and we believe it’s time we investigate seeking compensation.
  • The wineries’ legal team has already retained Oregon’s leading smoke taint expert as well as wine revenue loss experts.

Amuze Products Acquires Pipeline Games

Retrieved on: 
Tuesday, May 2, 2023
Electronic Games, Finance, Entertainment, Professional Services, Other Entertainment, General Entertainment, Restaurant, Bar, Family, Consumer, Retail, Partnership, BakerHostetler, Cut, Acquisition, CFO, Growth, Woodforest National Bank, Video game, Amuze, Pipeline

Amuze Products (“Amuze”), in partnership with Bar Partners and Surge Private Equity , announced today the acquisition of Pipeline Games .

Key Points: 
  • Amuze Products (“Amuze”), in partnership with Bar Partners and Surge Private Equity , announced today the acquisition of Pipeline Games .
  • Pipeline Games is a leading developer of award-winning innovative games such as Cut 2 Win and Perfect 10 for entertainment venues, including trampoline parks, family entertainment centers, bars, and restaurants.
  • Pipeline Games will operate as a subsidiary of Surge Amuze Holdings alongside Amuze Products and Bar Partners.
  • “We are thrilled to welcome Pipeline Games to the Amuze family,” said Stephen Lahti, CFO of Surge Amuze Holdings.

BakerHostetler Launches 2023 Data Security Incident Response Report

Retrieved on: 
Thursday, April 27, 2023
Banking, Mobile, Wireless, Networks, Internet, Professional Services, Technology, Security, Public Relations, Investor Relations, Legal, Communications, Finance, Consulting, Accountability Act, Digital media, Advertising, MFA, Health Insurance Portability and Accountability Act, Data management, BakerHostetler, Data Economy, Video Privacy Protection Act, Privacy Act, Fear, Privacy, Digital asset, Multimedia, DSIR, Federal Trade Commission, Marketing, Science and technology in Asia, SEO, Organization, EDR, Digital transformation, Poisoning, Risk, Data, Security (finance), Benchmarking, Cryptocurrency, Risk management, Online shopping, Computer security

Key takeaways from BakerHostetler's newly released 2023 Data Security Incident Response Report:

Key Points: 
  • Key takeaways from BakerHostetler's newly released 2023 Data Security Incident Response Report:
    This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20230427005736/en/
    Statistical highlights from BakerHostetler 2023 Data Security Incident Response Report (Graphic: Business Wire)
    BakerHostetler’s ninth annual security incident response report (based on data from over 1,160 security incidents from the prior year) contains data breach statistics and insights about key issues across the life cycle of data and technology.
  • Now in its ninth year, the Data Security Incident Response Report features statistics and insights from 1,160+ incidents that BakerHostetler’s Digital Assets and Data Management Practice Group helped clients manage in 2022.
  • There has been improvement in key incident response metrics over the past several years, according to DSIR Report data.

Excelus Manufacturing Solutions Announces the Acquisition of Maclean Precision Machine

Retrieved on: 
Tuesday, April 4, 2023
Aerospace, Technology, Manufacturing, Professional Services, Semiconductor, Other Manufacturing, Other Defense, Defense, Contracts, Engineering, Finance, CHIPS, BakerHostetler, Aviation, AS9100, GE, Government, European Chips Act, Certification, Acquisition, Inconel, A&D, ITAR, CHIPS and Science Act, Kaizen, Titanium

Excelus Manufacturing Solutions (“ Excelus ”), Sky Peak Capital’s (“ Sky Peak ”) precision manufacturing platform, is pleased to announce the acquisition of Maclean Precision Machine (“Maclean”), a leading supplier of tight tolerance parts to the Aerospace, Defense & Semiconductor industries.

Key Points: 
  • Excelus Manufacturing Solutions (“ Excelus ”), Sky Peak Capital’s (“ Sky Peak ”) precision manufacturing platform, is pleased to announce the acquisition of Maclean Precision Machine (“Maclean”), a leading supplier of tight tolerance parts to the Aerospace, Defense & Semiconductor industries.
  • The acquisition of Maclean will nearly double Excelus’ capacity and provide the company with substantial additional resources with a particular focus on difficult aerospace materials (Inconel, Monel, Waspaloy, Titanium, etc.)
  • Founded over 40 years ago, Maclean has become a key partner for mission critical applications across the A&D and Semiconductor industries.
  • The acquisition of Maclean will provide Excelus with additional scale, expertise and resources to be in a position to provide leading edge solutions for these critical industries.”
    Sky Peak was advised by BakerHostetler and Gallagher, Flynn & Co.

Diamond Resorts Wins Critical Ruling to Protect Customers From Nationwide Consumer Scam

Retrieved on: 
Friday, March 24, 2023
Tourist Attractions, Vacation, Lodging, Destinations, Travel, Diamond, Advertising, BakerHostetler, Marketing, Hilton Grand Vacations, Diamond Resorts, Lawyer, Lanham, Organization, De Camp, Education Act, Fraud, HGV, NYSE, Hotel, Insurance

Diamond Resorts (Diamond), which was acquired by Hilton Grand Vacations Inc. (NYSE:HGV) in 2021, recently won a landmark ruling in federal district court in its lawsuit against third-party exit companies.

Key Points: 
  • Diamond Resorts (Diamond), which was acquired by Hilton Grand Vacations Inc. (NYSE:HGV) in 2021, recently won a landmark ruling in federal district court in its lawsuit against third-party exit companies.
  • This judgement is a significant step forward in HGV’s ongoing efforts to protect timeshare owners and consumers from fraud and false advertising.
  • Diamond filed this lawsuit to prevent the defendants from targeting their owners with false statements and causing them financial harm.
  • In reality, these nationwide consumer scams have no relationship to timeshare companies, fail to deliver any legitimate service and mislead timeshare owners into breaching their timeshare contracts.

INDUSTRIAL ENERGY USERS-OHIO ADOPTING NEW NAME: OHIO ENERGY LEADERSHIP COUNCIL

Retrieved on: 
Thursday, March 2, 2023
Education, Recycling, BakerHostetler, Conference, Information technology, Alloy, Agriculture, Food, Renewable energy, Management

COLUMBUS, Ohio, March 2, 2023 /PRNewswire/ -- Industrial Energy Users–Ohio, the 30-year-old trade organization for energy-intensive manufacturing, industrial, institutional, information technology and business customers, unveiled a new name and logo at the 27th Annual Ohio Energy Savings & Management Conference: Ohio Energy Leadership Council (OELC).

Key Points: 
  • COLUMBUS, Ohio, March 2, 2023 /PRNewswire/ -- Industrial Energy Users–Ohio, the 30-year-old trade organization for energy-intensive manufacturing, industrial, institutional, information technology and business customers, unveiled a new name and logo at the 27th Annual Ohio Energy Savings & Management Conference: Ohio Energy Leadership Council (OELC).
  • "Our new name better aligns with our diverse membership, and our new tagline describes our refined mission: The premier advocate and resource for Ohio's largest energy users."
  • The Ohio Energy Leadership Council includes members specializing in:
    Operating large data processing centers.
  • "We're proud of our past and what we've built, and we're even more excited for our future."

Fourteenth Pro Rata Interim Distribution of Recovered Funds to Madoff Claims Holders Commences; Totals More Than $49 Million

Retrieved on: 
Friday, February 24, 2023
AlixPartners, Charles Ponzi, Securities Investor Protection Corporation, Madoff investment scandal, Trustee, SIPA, BakerHostetler, SIPC, Security (finance), Cryptocurrency, Insurance, Bernie Madoff, Court

NEW YORK and WASHINGTON, Feb. 24, 2023 /PRNewswire/ -- February 24, 2023 – Irving H. Picard, Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS), announced that the fourteenth pro rata interim distribution from the Customer Fund to eligible BLMIS customers commenced today.

Key Points: 
  • The SIPA Trustee is distributing more than $49 million on a pro rata basis to BLMIS account holders with allowed claims.
  • The fourteenth interim distribution represents 0.265 percent of each allowed claim and will be paid on claims relating to 780 accounts.
  • The fourteenth pro rata interim distribution was reached as a result of settlements and litigation since the last interim distribution in February 2022.
  • Of these 2,289 accounts, 1,517 with claims up to $1.707 million will be fully satisfied following the fourteenth interim distribution.

RRD Agrees to Sell its Canadian Operations to DATA Communications Management Corp.

Retrieved on: 
Thursday, February 23, 2023
Other Communications, Other Manufacturing, Marketing, Packaging, Communications, Supply Chain Management, Manufacturing, Retail, TSX, Transport, Organization, DCM, Purchasing, History, RR Donnelley, Blake, Cassels & Graydon, BakerHostetler, Communication, RRD, Management

Under the terms of the Purchase Agreement DCM will acquire RRD’s Canadian operations (the “Transaction”).

Key Points: 
  • Under the terms of the Purchase Agreement DCM will acquire RRD’s Canadian operations (the “Transaction”).
  • DCM will acquire all the issued and outstanding shares of Moore Canada Corporation (“RRD Canada”), a wholly owned subsidiary of RRD.
  • “Combining our business with DCM is a strategic opportunity to broaden our existing offering to customers across a variety of industries,” said Rael Fisher, President, RRD Canada.
  • Blake, Cassels & Graydon LLP (Canada) and BakerHostetler (U.S.) are serving as legal counsel to RRD.