Wickersham

Provident Bank Welcomes Chao Huang as Assistant General Counsel, Investor Relations Specialist

Retrieved on: 
Tuesday, October 31, 2023

ISELIN, N.J., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Provident Bank , a leading New Jersey-based financial institution, is pleased to welcome Chao Huang as Assistant General Counsel, Investor Relations Specialist.

Key Points: 
  • ISELIN, N.J., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Provident Bank , a leading New Jersey-based financial institution, is pleased to welcome Chao Huang as Assistant General Counsel, Investor Relations Specialist.
  • In addition, he will support senior management in creating materials related to financial results and strategic objectives including those related to quarterly earnings, conferences, and Investor Day presentations.
  • “I am thrilled to welcome Chao to this important role on our legal team,” said Bennett MacDougall, General Counsel and Corporate Secretary.
  • Mr. Huang has more than 10 years’ experience in corporate litigation and transactional law related to finance and real estate.

ETON SOLUTIONS HIRES FAMILY OFFICE VETERAN MARK WICKERSHAM AS SENIOR VICE PRESIDENT OF MARKETING AND BUSINESS DEVELOPMENT

Retrieved on: 
Tuesday, October 17, 2023

RESEARCH TRIANGLE PARK, N.C., Oct. 17, 2023 /PRNewswire/ -- Eton Solutions , a software and services company for the family office market, is pleased to announce the appointment of Mark Wickersham as the company's new senior vice president of marketing and business development.

Key Points: 
  • RESEARCH TRIANGLE PARK, N.C., Oct. 17, 2023 /PRNewswire/ -- Eton Solutions , a software and services company for the family office market, is pleased to announce the appointment of Mark Wickersham as the company's new senior vice president of marketing and business development.
  • In this role, Mark will be responsible for helping to accelerate Eton Solutions' expansion in the family office marketplace by executing the company's marketing and business development initiatives and fostering strategic partnerships.
  • Mark comes to Eton Solutions with nearly thirty years of experience in fintech working with family offices and advisors.
  • "We are thrilled to welcome Mark as our new senior vice president of marketing and business development.

Lantheus Announces Agreement to Sell RELISTOR® Royalties to HealthCare Royalty

Retrieved on: 
Thursday, August 3, 2023

HealthCare Royalty (“HCRx”) has acquired the tiered, sales-based royalty rights on worldwide net sales of RELISTOR while Lantheus retains the rights to future sales-based milestone payments.

Key Points: 
  • HealthCare Royalty (“HCRx”) has acquired the tiered, sales-based royalty rights on worldwide net sales of RELISTOR while Lantheus retains the rights to future sales-based milestone payments.
  • “The sale of the RELISTOR royalties unlocks significant value, which can be strategically channeled into our rapidly growing and evolving radiopharmaceutical business.
  • During the twelve-month period ended December 31, 2022, Lantheus reported $22.3 million in aggregate royalties derived from net sales of RELISTOR.
  • Foley Hoag LLP acted as legal advisor to Lantheus and Cadwalader, Wickersham & Taft LLP acted as legal advisor to HCRx in connection with the transaction.

Pelorus Capital Group Prices First-Ever Securitization Backed By Collateral in the Cannabis Sector

Retrieved on: 
Monday, July 31, 2023

NEWPORT BEACH, Calif., July 31, 2023 (GLOBE NEWSWIRE) -- Pelorus Capital Group (“Pelorus” or “the Company”), the leading provider of commercial real estate loans for the cannabis sector, priced the first-ever securitization for cannabis-linked real estate assets.

Key Points: 
  • NEWPORT BEACH, Calif., July 31, 2023 (GLOBE NEWSWIRE) -- Pelorus Capital Group (“Pelorus” or “the Company”), the leading provider of commercial real estate loans for the cannabis sector, priced the first-ever securitization for cannabis-linked real estate assets.
  • The one-tranche securitization is floating rate over one-month Secured Overnight Financing Rate (“SOFR”).
  • “Most industry insiders, lenders and investors believed securitization would never happen in the cannabis sector without a change in legislation,” said Dan Leimel , CEO of Pelorus Capital Group and manager of the Pelorus Fund.
  • “This securitization highlights the confidence investors have in our business model, team and future as the leading privately held commercial real estate lender in cannabis.

AngioDynamics Announces Sale of Dialysis Product Portfolio and BioSentry Product to Merit Medical Systems for $100 Million

Retrieved on: 
Thursday, June 8, 2023

The transaction consists of AngioDynamics’ DuraFlow™, DuraMax®, Evenmore®, Schon XL®, Trio-CT® and Vaxel Plus Hemodialysis Catheter brands, and BioSentry™ Tract Sealant System Biopsy brand.

Key Points: 
  • The transaction consists of AngioDynamics’ DuraFlow™, DuraMax®, Evenmore®, Schon XL®, Trio-CT® and Vaxel Plus Hemodialysis Catheter brands, and BioSentry™ Tract Sealant System Biopsy brand.
  • This combined portfolio of products contributed approximately $32 million in sales in AngioDynamics’ Fiscal Year 2023.
  • AngioDynamics intends to use net proceeds to eliminate its existing debt and support further strategic investments in growth and profitability.
  • Piper Sandler is serving as financial advisor, and Parr Brown Gee & Loveless is serving as legal advisor to Merit Medical Systems.

Pura Vida Investments Calls for Cutera Board to Immediately Extend Director Nomination Deadline

Retrieved on: 
Tuesday, April 11, 2023

Pura Vida Investments, LLC (“Pura Vida”), a Delaware limited liability company with beneficial ownership of approximately 7% of the common stock of Cutera, Inc. (Nasdaq: CUTR) (“Cutera” or the “Company”), today issued the following statement following the public turmoil amongst Cutera’s Board of Directors (the “Board”).

Key Points: 
  • Pura Vida Investments, LLC (“Pura Vida”), a Delaware limited liability company with beneficial ownership of approximately 7% of the common stock of Cutera, Inc. (Nasdaq: CUTR) (“Cutera” or the “Company”), today issued the following statement following the public turmoil amongst Cutera’s Board of Directors (the “Board”).
  • “As significant stockholders, we are deeply troubled that the Board is at war with itself, with the CEO and Chairman, and certain board members each retaining counsel to advance their agendas,” said Efrem Kamen, Managing Member of Pura Vida.
  • “We find it particularly appalling that the members of the Board who formed a special committee are expending stockholders’ capital to avoid a vote on their tenure.
  • As Cutera’s 2023 deadline to nominate candidates for election has now passed, we call upon the Board to immediately take action to extend the deadline for director nominations so that stockholders, the true owners of the Company, can engage in this process.

Cybereason Secures $100 Million in Funding Led by SoftBank Corp.

Retrieved on: 
Monday, April 3, 2023

BOSTON, April 3, 2023 /PRNewswire-PRWeb/ -- Cybereason, the XDR company, today announced a $100 million investment led by SoftBank Corp. to support the company's global growth and advance its innovation in XDR, EDR, and EPP solutions. In addition, Cybereason announced that Eric Gan will serve as the company's new CEO, subject to confirmation by the company's board and pending customary regulatory approvals, while current CEO and Co-Founder Lior Div will transition to the role of advisor.

Key Points: 
  • Cybereason announces additional funding led by Softbank Corp.
    BOSTON, April 3, 2023 /PRNewswire-PRWeb/ -- Cybereason , the XDR company, today announced a $100 million investment led by SoftBank Corp. to support the company's global growth and advance its innovation in XDR, EDR, and EPP solutions.
  • As an Executive Vice President of SoftBank Corp., Eric Gan has a long history with Cybereason, starting with SoftBank Corp.'s initial investment in Cybereason in 2015.
  • Gan later became an Executive Vice President of SoftBank Corp., where he led its Business Development Unit, which formed alliances with overseas companies.
  • Cadwalader, Wickersham & Taft LLP is representing Cybereason in the financing, and Goodwin Procter LLP is representing Softbank Corp. in the financing.

FD Stonewater Announces Advisory Committee for New Value-Add Evergreen Fund

Retrieved on: 
Thursday, March 9, 2023

ARLINGTON, Va., March 9, 2023 /PRNewswire-PRWeb/ -- The FD Stonewater STAR Evergreen Fund, L.P. (the "STAR Evergreen Fund") formally announced Michael McNamara, Daniel Philips, and Nancy McGrath as initial members of the fund's Advisory Committee. The Advisory Committee's primary role is to review and opine on conflicts of interest related to the fund. The fund launched in December 2022 to pursue a Single Tenant Active Return (STAR) strategy focused on assembling a diversified portfolio of mission-critical single-tenant real estate assets in U.S. secondary and tertiary markets across industrial, government, research and development, and office sectors. In December 2022, FD Stonewater announced the first closing of the STAR Evergreen Fund in the amount of $19 million, simultaneous with the acquisition of two seed assets.

Key Points: 
  • The FD Stonewater STAR Evergreen Fund, L.P. (the "STAR Evergreen Fund") formally announced Michael McNamara, Daniel Philips, and Nancy McGrath as initial members of the fund's Advisory Committee.
  • ARLINGTON, Va., March 9, 2023 /PRNewswire-PRWeb/ -- The FD Stonewater STAR Evergreen Fund, L.P. (the "STAR Evergreen Fund") formally announced Michael McNamara, Daniel Philips, and Nancy McGrath as initial members of the fund's Advisory Committee.
  • In December 2022, FD Stonewater announced the first closing of the STAR Evergreen Fund in the amount of $19 million, simultaneous with the acquisition of two seed assets.
  • Jeffrey Toporek, Co-Founder for FD Stonewater said, "we are incredibly grateful to Mike, Dan, and Nancy for their continued commitment to, and support of, FD Stonewater and the STAR Evergreen Fund.

Litigator Boosts NYC Entertainment, Media & Sports Law Practice

Retrieved on: 
Wednesday, January 18, 2023

NEW YORK, Jan. 18, 2023 /PRNewswire/ -- Albert J. Soler, a seasoned and experienced litigator in entertainment, media, and intellectual property has joined the firm as Partner in Scarinci Hollenbeck's New York City office. 

Key Points: 
  • Seasoned Intellectual Property Attorney and Litigator Albert J. Soler Expands Scarinci's NYC Entertainment, Media, and Sports Law Practice
    NEW YORK, Jan. 18, 2023 /PRNewswire/ -- Albert J. Soler, a seasoned and experienced litigator in entertainment, media, and intellectual property has joined the firm as Partner in Scarinci Hollenbeck's New York City office.
  • As a litigator, Mr. Soler has represented clients in numerous corporate, commercial, and securities matters including breach of contract disputes, investigations by government and regulatory agencies, corporate compliance and more.
  • Prior to joining the firm, Mr. Soler was a litigator at Cadwalader, Wickersham & Taft in New York, NY, and founder of entertainment law firm Soler Legal, LLC.
  • You can learn more about Mr. Soler's background and legal practice at: www.scarincihollenbeck.com/attorneys/albert-j-soler
    This press release was originally published at: https://scarincihollenbeck.com/firm-news/albert-soler-joins-nyc-entertai...

Litigation Partner Rebecca Avrutin Foley Joins Raines Feldman in New York

Retrieved on: 
Tuesday, November 22, 2022

Raines Feldman is pleased to announce that Rebecca Avrutin Foley has joined the firm as a partner in the New York office.

Key Points: 
  • Raines Feldman is pleased to announce that Rebecca Avrutin Foley has joined the firm as a partner in the New York office.
  • Rebecca is a wonderful addition to our firm and fits in well with our collegial atmosphere that has become our cultural trademark, said Jonathan Littrell, Raines Feldmans Managing Partner.
  • With the addition of Rebecca and Los Angeles Partner Clif McFarland in Los Angeles, Raines Feldman has further expanded its capabilities in the litigation, real estate and environmental, land use and natural resources arena.
  • With offices in Los Angeles, Orange County, and New York, Raines Feldman has been strategically expanding its roster of lawyers across its practices nationwide.