Insights

Choate Celebrates 125th Anniversary

This month marks the 125^th anniversary of Choate, Hall & Stewart LLP, one of the country’s premier and most innovative law firms.

Structuring Search Fund Investments as “Qualified Small Business Stock”

Common search fund investment targets range in enterprise value from $5 to 15 million, are founder-owned, and are organized as “S” corporations for tax purposes or as LLCs classified as partnerships. With this target profile, it is often possible to structure search fund investments as investments in “qualified small business stock” (“QSBS”).

Choate Represents New Heritage Capital in Strategic Partnership with JA Moody

Choate represented New Heritage Capital in its strategic partnership with and investment in JA Moody, a maritime supplier of fluid control valves, actuators, strainers, parts and services to the United States Navy and Commercial Marine industry.

Becklar, a BV Investment Partners Portfolio Company, Announces Investment from Graham Partners

Choate represented BV Investment Partners and its portfolio company, Becklar, in Becklar's investment from Graham Partners.

Update Memo: Court Issues Nationwide Injunction Against the CTA, and DOJ Appeals

On Tuesday, December 3, 2024, a U.S. District Court in Texas issued a nationwide order enjoining enforcement of the Corporate Transparency Act (“CTA”) and setting aside the filing deadline. Immediately following on Friday, December 6, the U.S. Department of Justice (“DOJ”) filed an appeal to the Fifth Circuit Court of Appeals.

Sophie Wang and Bryana McGillycuddy Named 2024 Rising IP Stars

Managing IP has recognized Sophie F. Wang and Bryana T. McGillycuddy as 2024 Rising IP Stars.

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.

Mission Cloud Services, a Great Hill Partners Portfolio Company, Acquired by CDW

Choate represented Great Hill Partners and its portfolio company, Mission Cloud Services Inc., in the sale of Mission to CDW (NASDAQ: CDW), a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada.

Federal Court Strikes U.S. Department of Labor Rule Implementing Higher FLSA Exemption Thresholds

A federal court in Texas recently struck down the United States Department of Labor (DOL)’s rule that raised the threshold salary requirements for the white-collar overtime exemptions.