Posts
March 14 2018
The Supreme Court in a unanimous decision, which sharply limits the scope of the safe harbor defense to certain avoidance actions, held on February 27, 2018, that payments made to a shareholder as part of a stock buyout through two financial institutions do not qualify for safe harbor protection under 11 U.S.C. ยง546(e), because the shareholder who received the payment was not a covered party, such as a financial institution or stockbroker.
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March 05 2018
Smith Micro Software Inc. announced the closing of their PIPE offering in the amount of $5,000,000. EG&S acted as counsel to the Placement Agent.
February 27 2018
David A. Gehn and Matthew B. Baum, members of the Firm, successfully defended eight former Morgan Stanley employees against a Motion for Temporary Restraining Order and Preliminary Injunction filed in the U.S. District Court for the Eastern District of Michigan. After EGS attorneys submitted their opposition papers, Morgan Stanley withdrew its motion.
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February 23 2018
Forum Merger Corporation, and ConvergeOne, Inc., a leading global IT services provider of collaboration and technology solutions, announced that they have completed their previously announced business combination. The transaction is valued at approximately $1.3 billion. EG&S acted as counsel to Forum.
February 22 2018
SITO Mobile Ltd. announced the closing of their Underwritten offering in the amount of $12,140,000. EG&S acted as counsel to the Underwriter.
February 21 2018
Farmmi, Inc. announced the closing of its initial public offering in the amount of $6,720,000. EG&S acted as counsel to the underwriter, ViewTrade Securities, Inc.
February 21 2018
Moleculin Biotech, Inc. announced the closing of their Registered Direct offering in the amount of $9,009,000. EG&S acted as counsel to the Placement Agent.
February 20 2018
Inpixon announced the closing of their S-1 offering in the amount of $18,001,000. EG&S acted as counsel to the Placement Agent.