Insights

Choate Represents Pulmokine in its Acquisition by XOMA Royalty

Choate represented Pulmokine, Inc. in its sale to XOMA Royalty Corporation, a leading biotechnology royalty aggregator. Pulmokine is the owner of seralutnib, a Phase 3 asset being studied for its uses in pulmonary arterial hypertension.

Choate Ranks Highly in 2024 Legal 500

The 2024 edition of The Legal 500 recognized 40 Choate attorneys in their respective fields and 10 practice areas.

Choate Ranks Highly in 2023 Legal 500

The 2023 edition of The Legal 500 recognized 29 Choate attorneys in their respective fields and 12 practice areas, with education and middle-market M&A receiving Tier 1 rankings.

Sverica Capital Management Closes $750M Fund VI

Choate represented Sverica Capital Management, a leading growth-oriented middle market private equity firm, in the formation of its sixth private equity fund.

Carried Interest Would Be Taxed at Ordinary Income Tax Rates Under Newly Proposed Legislation

On July 27, 2022 Senate Majority Leader Chuck Schumer and Senator Joe Manchin issued a joint statement announcing an agreement to add the Inflation Reduction Act of 2022 to the FY2022 Budget Reconciliation Bill, which includes limitations for Private Equity managers to benefit from capital gains treatment on their carried interest.

Choate Attorneys and Practice Groups Receive High Rankings in the 2022 Legal 500

The Legal 500 2022 recognized 31 Choate attorneys in their respective fields and 14 practice areas, with education and middle-market M&A receiving Tier 1 rankings.

LFM Capital Raises $307M for Fund III

Choate represented LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, on the formation of its $307M third fund.

NinjaTrader Acquires Tradovate Holdings

Choate represented NinjaTrader, a portfolio company of Long Ridge Equity Partners, in its $115M acquisition of Tradovate Holdings, a leading online futures brokerage firm and trading technology provider.

Choate Elects Six to Partnership for 2022

Today Choate announced its largest class of new equity partners in the Firm’s history for the second year in a row.