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Skanska Integrated Solutions Celebrates the Topping Out of Rutgers University-Camden Cooper Street Gateway Planning Project
NEW YORK, June 3 -- Skanska, a construction and development company, issued the following news release:* * *
Skanska Integrated Solutions celebrates the topping out of Rutgers University-Camden Cooper Street Gateway Planning Project
CAMDEN, NJ - Skanska, a leading global construction and development firm, joined Rutgers University--Camden as the university celebrated its topping out of the Cooper Street Gateway Planning Project at Rutgers University-Camden, where its program management and consulting group, Skanska Integrated Solutions (SIS) is providing owner representative and reporting services ... Show Full Article NEW YORK, June 3 -- Skanska, a construction and development company, issued the following news release: * * * Skanska Integrated Solutions celebrates the topping out of Rutgers University-Camden Cooper Street Gateway Planning Project CAMDEN, NJ - Skanska, a leading global construction and development firm, joined Rutgers University--Camden as the university celebrated its topping out of the Cooper Street Gateway Planning Project at Rutgers University-Camden, where its program management and consulting group, Skanska Integrated Solutions (SIS) is providing owner representative and reporting servicesto the New Jersey Office of the Secretary of Higher Education (OSHE). The milestone marks significant progress in advancing a $60 million investment aimed at expanding academic space and strengthening connections with the surrounding community.
Skanska is supporting OSHE's Integrity Monitoring efforts for the project, which is receiving a $31 million investment from the Coronavirus State Fiscal Recovery Fund (CSFRF). Through its expertise in construction management and compliance oversight, Skanska is helping validate and monitor the proper utilization of project funding throughout the construction process.
"This topping out marks a key milestone in a complex, multi-phase redevelopment that combines new construction with the adaptive reuse of 13 historic properties into a unified, community-focused campus hub," said Christopher Anderson, Senior Vice President, Skanska USA Building. "We're proud to support Rutgers University-Camden in bringing this vision to life, one that prioritizes access to critical resources, fosters engagement and supports a stronger, healthier Camden."
"The Cooper Street Gateway Project represents a transformative investment in the future of Rutgers University-Camden and the city of Camden," said Henry X. Velez, Interim Senior Vice President and Chief Operating Officer of Rutgers University. "This project will create a more connected and collaborative environment for faculty, students, and the broader community. At the same time, the new gateway will honor the historic character of the Cooper Street Historic District while establishing a welcoming new front door to campus."
David C. Schulz, Vice President/University Architect, Rutgers Division of Institutional Planning and Operations added, "This project, which artfully weaves new steel into historic Cooper Street wood-framed buildings, is one of the most technologically challenging capital projects I've had the pleasure of working on. Its structural connections, temporary shoring and stabilization, laser-focused demolition, energy conservation measures hidden behind historic masonry facades, and preservation of physical fabric of the historic Cooper Street rowhouses are all carefully designed and constructed. The finished product will be an asset for the city, campus, faculty, and students for decades to come, and is evidence of Rutgers' continued commitment in its host city."
The multi-phase project consists of thirteen lots and eleven historic buildings along the Cooper Street and Lawrence Street that will be unified through the construction of a new three-story structure and an event plaza located within the rear yards of the existing buildings. By concentrating new construction primarily behind the historic properties, the project preserves the neighborhood's historic streetscape while introducing modern academic and community-focused spaces.
At the heart of the project is a new facility that will consolidate faculty spaces currently spread across five campus buildings for Rutgers-Camden's Faculty of Arts and Sciences, improving accessibility and enhancing the student experience. The project will also include flexible, public-facing event and gathering spaces intended to support community engagement around health, nutrition, violence prevention, well-being, arts and culture, and other initiatives that contribute to stronger, healthier communities.
In addition to the new construction, the project includes the adaptive reuse and renovation of historic properties along Cooper and Lawrence Streets. These improvements will preserve the architectural character of the area while creating new opportunities for academic collaboration, neighborhood engagement and campus connectivity.
Construction on the Cooper Street Gateway Project began in 2024, with completion anticipated in 2027.
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Original text here: https://www.usa.skanska.com/who-we-are/media/press-releases/307384/Skanska-Integrated-Solutions-celebrates-the-topping-out-of-Rutgers-UniversityCamden-Cooper-Street-Gateway-Planning-Project/
[Category: BizConstruction]
IAM Patent 1000 2026 Guide Recognizes Morgan Lewis, Dozens of Lawyers Worldwide
PHILADELPHIA, Pennsylvania, June 3 [Category: BizLaw/Legal] -- Morgan Lewis, a law firm, issued the following news release:* * *
IAM Patent 1000 2026 Guide Recognizes Morgan Lewis, Dozens of Lawyers Worldwide
Morgan Lewis has achieved multiple recognitions in the IAM Patent 1000: The World's Leading Patent Professionals 2026 guide, earning and maintaining practice and lawyer rankings and recommendations across six US states, Washington, DC, and nationwide; and in China, Germany, and the United Kingdom.
The IAM Patent 1000 guide, released by Globe Business Media Group, highlights leading global ... Show Full Article PHILADELPHIA, Pennsylvania, June 3 [Category: BizLaw/Legal] -- Morgan Lewis, a law firm, issued the following news release: * * * IAM Patent 1000 2026 Guide Recognizes Morgan Lewis, Dozens of Lawyers Worldwide Morgan Lewis has achieved multiple recognitions in the IAM Patent 1000: The World's Leading Patent Professionals 2026 guide, earning and maintaining practice and lawyer rankings and recommendations across six US states, Washington, DC, and nationwide; and in China, Germany, and the United Kingdom. The IAM Patent 1000 guide, released by Globe Business Media Group, highlights leading globalpractitioners in patent prosecution, licensing, and litigation. These rankings are determined through feedback from peers and clients as well as independent research. The publication evaluates and ranks law firms and individual lawyers in various categories within their respective jurisdictions.
Gold, Silver, and Bronze designations are awarded in the litigation categories; the other two categories are Highly Recommended or Recommended. In the 2026 guide, the firm earned 16 rankings, and 36 lawyers were individually ranked, including several recognized for the first time.
Firm Rankings:
* Silver, Litigation, US National
* Silver, Litigation, California
* Silver, Litigation, Illinois
* Silver, Litigation, Pennsylvania
* Bronze, China: Foreign
* Bronze, Litigation, DC Metro Area
* Bronze, Litigation, Texas
* NEW: Bronze, Litigation, United Kingdom: England & Wales
* Highly Recommended, Prosecution, Pennsylvania
* Recommended, International
* Recommended, International Trade Commission, US National
* Recommended, Prosecution, California
* Recommended, Prosecution, DC Metro Area
* Recommended, Prosecution, Massachusetts
* Recommended, Transactions, California
* Recommended, Transactions, Massachusetts
Individual Lawyer Rankings:
* Michael Abernathy: Litigation, Silver (Illinois); International Trade Commission, Recommended (Nationwide)
* Stephen Altieri: Prosecution, Recommended (Massachusetts); Transactions, Highly Recommended (Massachusetts)
* NEW: Jeremy Anapol: Litigation, Bronze (California)
* Louis Beardell: Prosecution, Highly Recommended (Pennsylvania)
* Natalie Bennett: Litigation, Bronze (DC Metro Area)
* Dion Bregman: Prosecution, Recommended (California); Post-Grant Proceedings, Recommended (Nationwide)
* NEW: Chad Davis: Prosecution, Recommended (Massachusetts)
* Seth Gerber: Trade Secret Litigation, Recommended (Nationwide)
* Julie Goldemberg: Litigation, Silver (Pennsylvania)
* Sarah Guske: Litigation, Bronze (California)
* Brent Hawkins: Litigation, Silver (California)
* Mark Hayman: Transactions, Recommended (Massachusetts)
* NEW: Colin Heideman: Litigation, Silver (Washington)
* Rahul Kapoor: Transactions, Recommended (California)
* Hosang Lee: Prosecution, Recommended (DC Metro Area)
* Alan Leeds: Transactions, Recommended (New Jersey)
* David Levy: Litigation, Bronze (Texas)
* Janice Logan: Prosecution, Recommended (DC Metro Area)
* Michael Lyons: Litigation, Silver (California)
* Christina MacDougall: Prosecution, Recommended (California)
* Jeffry Mann: Prosecution, Recommended (California)
* Tim Powell: Litigation, Gold (UK: England and Wales)
* Rick Rambo: Litigation, Bronze (Texas)
* Manita Rawat: Prosecution, Recommended (California)
* Ali Razai: Litigation, Bronze (California)
* Alexander Ritter: Infringement, Silver (Germany)
* NEW: Matthew Rizzolo: Litigation, Bronze (DC Metro Area)
* Stephanie Roberts: Litigation, Bronze (DC Metro Area)
* NEW: Benjamin Rowlatt: Next Generation, Recommended (UK: England and Wales)
* Hiroshi Sheraton: Litigation, Silver (UK: England and Wales)
* Nathan Smith: Prosecution, Recommended (California)
* Robert Smyth: Prosecution, Recommended (DC Metro Area)
* Yalei Sun: Prosecution, Recommended (China: Foreign)
* NEW: Moritz Sutterer: Next Generation, Recommended (Germany)
* Jason White: Litigation, Gold (Illinois)
* Amanda Williamson: Litigation, Bronze (Illinois)
Access the complete IAM Patent 1000 2026 guide (https://www.iam-media.com/rankings/patent-1000/profile/firm/morgan-lewis-bockius-llp)
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Original text here: https://www.morganlewis.com/news/2026/06/iam-patent-1000-2026-guide-recognizes-morgan-lewis-dozens-of-lawyers-worldwide
FirstEnergy: Jersey Central Power & Light Extends Exchange Offer for Senior Notes
AKRON, Ohio, June 3 -- Jersey Central Power & Light Company, a subsidiary of FirstEnergy, issued the following news release on June 2, 2026:* * *
Jersey Central Power & Light Company Announces Extension of Exchange Offer for its 4.150% Senior Notes due 2029, 4.400% Senior Notes due 2031 and 5.150% Senior Notes due 2036
MORRISTOWN, N.J. -- Jersey Central Power & Light Company ("JCP&L" or the "Company") a subsidiary of FirstEnergy Corp., today announced that it had extended its offer (the "exchange offer") to exchange up to (i) $350 million aggregate principal amount of its outstanding 4.150% ... Show Full Article AKRON, Ohio, June 3 -- Jersey Central Power & Light Company, a subsidiary of FirstEnergy, issued the following news release on June 2, 2026: * * * Jersey Central Power & Light Company Announces Extension of Exchange Offer for its 4.150% Senior Notes due 2029, 4.400% Senior Notes due 2031 and 5.150% Senior Notes due 2036 MORRISTOWN, N.J. -- Jersey Central Power & Light Company ("JCP&L" or the "Company") a subsidiary of FirstEnergy Corp., today announced that it had extended its offer (the "exchange offer") to exchange up to (i) $350 million aggregate principal amount of its outstanding 4.150%Senior Notes due 2029, (ii) $500 million aggregate principal amount of its outstanding 4.400% Senior Notes due 2031 and (iii) $500 million aggregate principal amount of its outstanding 5.150% Senior Notes due 2036 (collectively, the "Outstanding Notes") for a like principal amount of each of the Company's (i) 4.150% Senior Notes due 2029, (ii) 4.400% Senior Notes due 2031 and (iii) 5.150% Senior Notes due 2036 (collectively, the "New Notes") registered under the Securities Act of 1933, as amended.
The exchange offer, previously scheduled to expire at 5:00 p.m., New York City time, on June 1, 2026, will now expire at 5:00 p.m., New York City time, on June 15, 2026, unless further extended. An aggregate principal amount of $1,344,690.00, or 99.6067%, of the Outstanding Notes, was tendered in the exchange offer as of 5:00 p.m., New York City time, on June 1, 2026.
The terms of the exchange offer are set forth in a prospectus dated April 30, 2026. Copies of the prospectus and the other exchange offer documents may be obtained from the exchange agent:
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
By Mail or in Person
The Bank of New York Mellon Trust Company, N.A.
c/o The Bank of New York Mellon
Corporate Trust Reorg Unit
500 Ross Street
Suite 625
Pittsburgh, PA, 15262
Attn: Susanne Michalik
For Email (for Eligible Institutions Only)
Email: ct_reorg_unit_inquiries@bnymellon.com
For Information and to Confirm by Telephone
412-236-4893
This news release is for informational purposes only and is neither an offer to buy or sell nor a solicitation of an offer to buy or sell any Outstanding Notes or New Notes. The exchange offer is being made only pursuant to the exchange offer prospectus, which is being distributed to holders of the Outstanding Notes and has been filed with the Securities and Exchange Commission as part of the Company's Registration Statement on Form S-4 (File No. 333-294955), which was declared effective on April 23, 2026.
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JCP&L serves 1.2 million customers in the counties of Burlington, Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union and Warren. Follow JCP&L on X @JCP_L, on Facebook at facebook.com/JCPandL or online at jcp-l.com.
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FirstEnergy Corp. (NYSE: FE) is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than six million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy on X @FirstEnergyCorp or online at firstenergycorp.com.
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Discussion of Forward-Looking Statements About JCP&L: Statements in this document regarding JCP&L that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, JCP&L undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see JCP&L's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Cautionary Note Regarding Forward-Looking Statements set forth in these filings and any updates to such risk factors and Cautionary Note Regarding Forward-Looking Statements contained in any subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
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Original text here: https://www.firstenergycorp.com/content/fecorp/newsroom/news_articles/jcpl-announces-extension-of-exchange-offer-for-senior-notes-due-2029-2031-2036.html
[Category: BizEnergy]
Faegre Drinker Biddle and Reath Issues Commentary: OMB Proposes Extensive Reformation of Federal Grant Regulations
MINNEAPOLIS, Minnesota, June 3 -- Faegre Drinker Biddle and Reath, a law firm, issued the following commentary on June 2, 2026, by senior counsel John G. Horan, partners Dana B. Pashkoff and Jessica C. Abrahams and associates Michelle Y. Francois and Asher Friedman Young:* * *
OMB Proposes Extensive Reformation of Federal Grant Regulations
Proposed Rule Would Introduce Political Oversight of Grant Awards, Broad New Termination Powers, and Cross-Cutting Restrictions on Grant Activities and Allowable Costs
At a Glance
* OMB's proposed rule would require senior political appointees to conduct ... Show Full Article MINNEAPOLIS, Minnesota, June 3 -- Faegre Drinker Biddle and Reath, a law firm, issued the following commentary on June 2, 2026, by senior counsel John G. Horan, partners Dana B. Pashkoff and Jessica C. Abrahams and associates Michelle Y. Francois and Asher Friedman Young: * * * OMB Proposes Extensive Reformation of Federal Grant Regulations Proposed Rule Would Introduce Political Oversight of Grant Awards, Broad New Termination Powers, and Cross-Cutting Restrictions on Grant Activities and Allowable Costs At a Glance * OMB's proposed rule would require senior political appointees to conduct"pre-issuance review" of every discretionary grant, explicitly reducing the role of peer review and mandating that awards "demonstrably advance the President's policy priorities."
* Federal agencies would gain authority to terminate or suspend active discretionary awards at any time based on agency "interest," mirroring "termination for convenience" provisions contained in the Federal Acquisition Regulation.
* The proposed rule would also incorporate cross-cutting prohibitions on DEI-related activities, "gender ideology," disparate-impact liability theories, and collaboration with covered foreign entities into all federal awards, while significantly narrowing allowable costs for publication, conferences, memberships, and public communications.
* Public comments on the rule are due by July 13, 2026.
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On May 29, 2026, the Office of Management and Budget (OMB) published a proposed rule in the Federal Register that would fundamentally alter government-wide policies governing federal grants, cooperative agreements, and other forms of financial assistance. The proposed rule, issued jointly with dozens of federal grantmaking agencies, would amend provisions under Title 2 of the Code of Federal Regulations (CFR) and agency-specific regulations in 2 CFR Subtitle B, affecting virtually every federal agency that makes financial assistance awards. Since January 2025, federal agencies have terminated thousands of grants and funding vehicles and have faced significant lawsuits and legal challenges in doing so. The proposed rule would further those efforts to exert greater federal control over grants and federal financial assistance. Public comments on the rule are due by July 13, 2026, and the finalized rule is proposed to take effect on October 1, 2026.
Notably, although the current provisions in the Uniform Guidance at 2 CFR Part 200 are commonly incorporated into the majority of federal awards, the proposed rule would reclassify OMB's government-wide requirements in 2 CFR Subtitle A from "guidance" to a binding "OMB regulation" (i.e., the "Uniform Grants Regulation"). If enacted, the proposed rule would eliminate the prior framework under which individual agencies had flexibility to adopt OMB's Uniform Guidance through their own implementing regulations and would assign a level of discretion to political appointees previously accorded to agencies to define their own needs. Going forward, OMB amendments would apply directly to agencies upon the effective date of OMB's final rulemaking, without requiring separate agency-by-agency adoption.
This alert summarizes the provisions most likely to affect federal grant recipients, including universities, nonprofits, state and local governments, research institutions, and private-sector entities engaged in federally funded work. We also offer brief practical guidance and considerations for the comment period ahead.
Key Regulatory Provisions
Reporting, Oversight, and Implementation
One of the most consequential changes in the proposed rule is the requirement that senior political appointees conduct a "pre-issuance review" of every discretionary grant before it is awarded. Under proposed Sec. 200.205(b), agency heads must designate one or more senior appointees to review all discretionary awards, applying a set of enumerated principles that include determining whether awards "demonstrably advance the President's policy priorities."
The proposed rule explicitly provides that peer review recommendations "remain advisory and are not ministerially ratified, routinely deferred to, or otherwise treated as de facto binding by senior appointees or their designees." Senior appointees are instructed to use their "independent judgment" and must not "routinely defer to the recommendations of others." Taken together, the new process represents a significant departure from the previous grantmaking model, under which independent expert peer review was the primary mechanism for determining scientific priorities at various federal agencies.
Under the proposed rule, senior appointees would be required to apply a range of principles as part of their pre-issuance review process, including directives that discretionary awards are not be used to fund racial preferences, "denial . . . of the sex binary in humans," illegal immigration, or "any other initiatives that compromise public safety or promote anti-American values." Additionally, the proposed rule builds on the concept of "Gold Standard Science," previously announced in Executive Order 14303, requiring that grants "include benchmarks for measuring success and progress towards relevant goals." However, the proposed rule does not provide a more detailed definition of "Gold Standard Science," raising questions about the breadth of how senior appointees may apply this principle.
Expanded Termination and Suspension Authority
The proposed rule significantly expands the authority of federal agencies to terminate or suspend active grants. Under proposed Sec. 200.340(a)(2), agencies would be able to terminate any discretionary grant "in part or its entirety" whenever an agency determines that termination is "in the interest of the [f]ederal agency," including if the award no longer effectuates "program goals, [f]ederal agency priorities, or the national interest as they exist at the time of the termination." This language reflects an expansion upon the current termination language, which permits termination "pursuant to the terms and conditions of the [f]ederal award, including, to the extent authorized by law, if an award no longer effectuates the program goals or agency priorities." In the proposed rule, OMB has framed this provision as analogous to the long-standing "termination for convenience" clause used in federal procurement contracts under the Federal Acquisition Regulation, and it would essentially give the government the ability to terminate funding vehicles for any reason whatsoever.
Critically, the proposed rule does not require a finding of noncompliance or fraud to justify a discretionary termination. Instead, the agency need only provide "a brief summary of the reason or reasons for finding that termination is in the interest of the [f]ederal agency." Moreover, the proposed rule explicitly provides that agencies are "not required to allow for objections, hearings, and appeals related to any reasons for termination except termination for noncompliance." As such, the proposed rule would both provide the government with unlimited termination rights and potentially implicate the corresponding due process rights of terminated grantees. The new termination and suspension provisions would also undermine the certainty and consistency associated with grant programs -- a critical aspect of grant performance and one that distinguishes federal grants from federal contracts.
The rule also introduces a new temporary suspension authority at Sec. 200.340(e), permitting agencies to issue a written stop-work order for up to 90 days "if the [f]ederal agency or pass-through entity determines that a suspension is in the interest of the [f]ederal agency or pass-through entity." Although agencies are directed to include both the termination and suspension provisions in the terms and conditions of all discretionary awards, certain programs are excepted from the discretionary termination and suspension provisions, including "[f]ederal awards made under programs where legislation establishes an entitlement to the funds on the part of the recipient, such as block grants, those awarded based on a statutory formula, or disaster recovery grants." The discretionary termination provision also does not apply to agreements entered into in furtherance of international trade agreements, the CHIPS Act, and the Infrastructure Investment and Jobs Act.
National Policy Priorities and Grant Conditions
Consistent with the administration's efforts to apply greater scrutiny towards federal grant activities, the proposed rule would embed several cross-cutting national policy conditions into all federal awards through revisions to Sec. 200.300. Specifically, agencies would be prohibited from using federal grant awards to "fund, promote, encourage, subsidize, or facilitate" DEI policies or practices "that violate any applicable [f]ederal anti-discrimination laws," "gender ideology" as defined in EO 14168, or gender transition for individuals under 19 years of age. Noncompliance with this clause is considered a "material breach" triggering termination. Recipients of federal funding conducting these activities with nonfederal funds could also still face risk if the activity is argued to be "facilitated" by the award itself, potentially expanding the scope of the provision.
A new Sec. 200.218 would also broadly prohibit the use of federal awards to promote or support "theories of disparate-impact liability," requiring agencies and recipients to eliminate the use of such theories in all contexts relevant to federal awards. The proposed rule would prohibit federal awards from being used "in support of disparate-impact studies, disparate-impact litigation, or other related activities," and agencies would be directed to ensure "that [f]ederal award activities based on the assumed risk of disparate-impact liability are not allowed." Recipients and subrecipients would also be prohibited from adopting or enforcing disparate-impact liability standards in administering federally funded programs, raising significant questions about the ability of recipients to conduct scientific and other academic research studies assessing the effects of policies or other phenomena on different demographic groups.
Importantly, these conditions would apply across all agencies and programs as general award conditions, not merely to targeted research grants. Institutions conducting work in these areas with nonfederal funds face risk that agency reviewers could argue federal awards indirectly "facilitate" prohibited activities, underscoring the importance of clear financial separation procedures for federal funding recipients going forward.
Prohibition on Foreign Collaborations
Of particular importance for biomedical companies and other entities in the pharmaceutical space, proposed Sec. 200.220 would bar the use of any federal funds (including indirect costs) for collaboration with "covered foreign countries" or "covered foreign entities," including foreign adversaries, countries of particular concern, sanctioned nations, and entities owned by or acting on behalf of such countries. Exceptions under this section would require agency-head approval.
This restriction would extend well beyond China and may disrupt longstanding partnerships for companies conducting multisite international clinical trials. Such trials may need to be restructured or funded with nonfederal dollars as a result.
Changes to Grant Structures, Allowable Costs, and Cost Principles
Consistent with a recent executive order affecting federal contracts, proposed Sec.Sec. 200.201-200.202 would eliminate fixed amount awards and subawards unless otherwise authorized by Federal statute. The proposed rule also makes significant changes to 2 C.F.R. Subpart E (Cost Principles), narrowing or eliminating the allowability of several categories of costs:
* Publication and printing costs (Sec. 200.461). Publication costs would be unallowable unless expressly required by statute or approved in advance by the federal agency on a case-by-case basis. Despite the role of publication in various research-related grants, the proposed rule states that such costs "are not inherently necessary to carry out the core programmatic objectives of most [f]ederal awards."
* Conference attendance (Sec. 200.432). Costs for attending conferences would be allowable "only if participation in the conference is expressly approved by the [f]ederal agency and included in the terms and conditions of the [f]ederal award."
* Advertising and public relations (Sec. 200.421). All advertising and public relations costs would be unallowable except those specifically required by statute or for narrow purposes, such as the procurement of goods and services for the performance of the award, the disposal of surplus materials acquired in the performance of the award, or for program advertising and outreach (e.g., recruiting project participants).
* Memberships and subscriptions (Sec. 200.454). Membership costs in professional, civic, business, and technical organizations would require prior written agency approval and must be necessary to fulfill award requirements. Journal subscriptions would be categorically unallowable under the proposed rule.
* Lobbying and issue advocacy (Sec. 200.450). The rule expands the definition of unallowable lobbying to include voter registration campaigns, issue advocacy unrelated to the statutory objectives of the funded award, and "[a]ttempting to influence the executive branch of any [s]tate government on matters unrelated to the objectives or performance requirements of the [f]ederal award."
Notably, OMB explicitly declined to propose changes to the indirect cost rate negotiation system in this rulemaking. However, it stated that it "may consider issuing a request for information on this topic in the future," and the proposed rule establishes an explicit preference for awarding grants to institutions with lower indirect cost rates and restricts the use of indirect cost funds for publication, certain international activities, and other newly-prohibited categories of costs.
Prohibition on Foreign Collaborations
Beyond policies restricting the types of grant activities that may be funded, the proposed rule introduces several new compliance obligations for recipients:
* Risk-based applicant review (Sec. 200.206). Agencies are instructed to establish and maintain policies and procedures for conducting a risk assessment to evaluate risks posed by applicants before issuing federal awards, including an applicant's affiliations with organizations that "violate [f]ederal law, undermine public safety or national security, or advocate for the overthrow of the United States [g]overnment," as well as compliance with foreign gift and contract disclosure requirements under Section 117 of the Higher Education Act.
* E-Verify (Sec. 200.303(f)). All federal grant recipients and subrecipients would be required to enroll in and use the Department of Homeland Security's E-Verify system for every employee and contractor performing work under a federal award. Any final nonconfirmation notice must be reported to the awarding agency.
* Payment justifications (Sec. 200.305). Payment requests from recipients must include justifications describing the purpose of the payment and the specific award-related work it supports. Federal agencies are also directed to review available data sources with relevant information on the eligibility of federal funding recipients included in the Department of the Treasury's "Do Not Pay (DNP) System" to verify eligibility prior to making any award payments.
* Conflict of interest disclosure (Sec. 200.112). Federal funding recipients must disclose whether any employees who worked on the proposal or will support the award were employed by the awarding agency within the preceding two years.
Comment Period and Implementation Timeline
The public comment deadline is July 13, 2026. Comments must be submitted electronically under docket OMB-2026-0034. OMB plans to propose a final rule that will be effective October 1, 2026, which would make the final rule applicable to all new FY2027 awards.
Implications for Federal Grant Recipients
The breadth of the proposed changes poses significant potential challenges for federal grant recipients, including those receiving federal sub-awards. Federal grant recipients should review the proposed rule immediately and consider preparing substantive comments on provisions most relevant to their operations, potentially in conjunction with other similarly positioned entities.
As with other recent executive orders and federal policy changes, federal grant recipients should also evaluate their current policies, programs, and activities against the proposed rule to determine what activities might pose the greatest risks. Where organizational activities implicate prohibited categories, organizations should begin considering how to establish clear financial and operational separation between federally funded activities and those funded by other sources. Federal funding recipients who partner with international organizations should also assess whether those collaborations involve "covered foreign countries" or affiliated entities and determine whether any exceptions might apply going forward.
Key Takeaway
Federal grant recipients should coordinate closely with their agency grant officials in the coming months, particularly as agencies may issue further internal guidance or communications..
For More Information
For further information, you may contact the authors. Faegre Drinker's government contracts and education teams will continue to monitor additional developments, relevant litigation updates, and further agency guidance in the coming weeks.
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The material contained in this communication is informational, general in nature and does not constitute legal advice. The material contained in this communication should not be relied upon or used without consulting a lawyer to consider your specific circumstances. This communication was published on the date specified and may not include any changes in the topics, laws, rules or regulations covered. Receipt of this communication does not establish an attorney-client relationship. In some jurisdictions, this communication may be considered attorney advertising.
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Meet the Authors
Jessica C. Abrahams
Partner
Washington, D.C.
+1 202 230 5361
jessica.abrahams@faegredrinker.com
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John G. (Jack) Horan
Senior Counsel
Washington, D.C.
+1 202 230 5362
john.horan@faegredrinker.com
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Dana B. Pashkoff
Partner
Washington, D.C.
+1 202 230 5364
dana.pashkoff@faegredrinker.com
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Michelle Y. Francois
Associate
Washington, D.C.
+1 202 230 5394
michelle.francois@faegredrinker.com
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Asher Friedman Young
Associate
Washington, D.C.
+1 202 230 5309
asher.young@faegredrinker.com
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Original text here: https://www.faegredrinker.com/en/insights/publications/2026/6/omb-proposes-extensive-reformation-of-federal-grant-regulations
[Category: BizLaw/Legal]
Faegre Drinker Biddle and Reath Issues Commentary: Nasdaq 23/5 Rule and Its Potential Impact on Confidentially Marketed Public Offerings
MINNEAPOLIS, Minnesota, June 3 -- Faegre Drinker Biddle and Reath, a law firm, issued the following commentary on June 2, 2026, by associates Abyen Aden, Amanda M. Ibrahim and Layla Mahmood and partners Jonathan R. Zimmerman, Tyler J. Vivian, Ben A. Stacke, Chad Lange, Griffin D. Foster and Joshua L. Colburn:* * *
New Nasdaq 23/5 Rule and Its Potential Impact on Confidentially Marketed Public Offerings
Rethinking CMPO strategy in a market that rarely closes
At a Glance
* With Nasdaq moving to 23-hour trading, the traditional benefits of confidentiality, pricing protection, and limited market ... Show Full Article MINNEAPOLIS, Minnesota, June 3 -- Faegre Drinker Biddle and Reath, a law firm, issued the following commentary on June 2, 2026, by associates Abyen Aden, Amanda M. Ibrahim and Layla Mahmood and partners Jonathan R. Zimmerman, Tyler J. Vivian, Ben A. Stacke, Chad Lange, Griffin D. Foster and Joshua L. Colburn: * * * New Nasdaq 23/5 Rule and Its Potential Impact on Confidentially Marketed Public Offerings Rethinking CMPO strategy in a market that rarely closes At a Glance * With Nasdaq moving to 23-hour trading, the traditional benefits of confidentiality, pricing protection, and limited marketexposure may be harder to maintain.
* Greater potential for information leakage, real-time price movement, and heightened Regulation FD pressures could disrupt deal certainty and pricing outcomes.
* Issuers, underwriters, and counsel may need to rethink timing, marketing strategies, and transaction documents to operate effectively in an almost always-open market.
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On April 10, 2026, the SEC approved Nasdaq's proposal to extend trading hours to 23 hours a day, five days a week. If implemented, this shift may reshape how certain public offerings are executed. Among the deal types most affected will be the confidentially marketed public offering (CMPO), a transaction where material advantages depend in part on traditional market hours. We examine specific ways in which near-continuous trading may challenge CMPO execution.
What is a CMPO?
A CMPO is a registered public offering conducted as a "takedown" from an existing Form S-3 shelf registration statement. In a CMPO, the underwriters discreetly "test the waters" with a targeted group of institutional investors before making any public disclosure of the contemplated offering. Underwriters contact potential investors and ask whether they are willing to receive confidential information about the offering, agree to keep that information confidential, and refrain from trading the issuer's securities until the offering is completed or abandoned, known as "wall crossing." Once sufficient demand is established, the offering is "flipped" into a public offering through a press release and the filing of a prospectus supplement. The offering is then priced following a brief public marketing period -- typically on the evening of the announcement -- with the deal announced pre-market the following morning.
Often, this CMPO structure is utilized to ensure a deal qualifies as a "public offering" under Nasdaq Rule 5635, known as the "20% Rule." The 20% Rule requires shareholder approval for any issuance below market value that equals or exceeds 20% of a company's outstanding shares or voting power prior to the issuance. However, by transitioning the confidential process into a flipped public offering (and following certain other procedures), issuers can satisfy Nasdaq's definition of a "public offering" that provides an exception to the shareholder approval requirement, enabling immediate execution of the deal without the delay and uncertainty of a shareholder vote.
Core Advantages for Issuers
CMPOs have become a preferred tool for issuers in high-growth, volatile sectors like life sciences and data centers due to several distinct advantages:
* Execution certainty. If institutional interest is low during the confidential phase, the issuer can simply abandon the raise. Because the company typically makes no public announcement in this situation, the issuer avoids potential stock price decline and reputational taint associated with a withdrawn public offering.
* Price protection. Confidential marketing prevents shorting and speculative downward pressure on the stock price that typically follows a public deal announcement. By the time the public knows about the deal, the deal is able to be priced and no regular-hours trading can occur.
* Speed and agility. The shift from confidential to public marketing occurs after the market closes, with lead investors having notified the underwriters of their maximum deal price which, following the brief public marketing period, allows the terms to be agreed upon and the underwriting agreement signed before the market opens the next morning. This narrow window of public exposure minimizes the time an issuer's stock is vulnerable to market volatility.
The New Nasdaq 23/5 Rule
On April 10, 2026, the SEC granted accelerated approval of Nasdaq's proposal to extend trading hours for National Market System (NMS) stocks and Exchange-Traded Products from 16 hours to 23 hours per day, five days per week (the "Nasdaq 23/5 Rule"). Although the rule framework has been approved, actual Night Session trading cannot begin until several preconditions are satisfied:
* The Securities Information Processors (SIPs) must implement the capability to collect, consolidate, and disseminate market data during the Night Session.
* The DTCC's National Securities Clearing Corporation (NSCC) must extend its clearing operations to cover the overnight window (production launch is targeted for June 28, 2026, subject to regulatory approval).
* Nasdaq must file a follow-up proposed rule change confirming its readiness and that of the SIPs.
Current industry timelines point to a launch in late 2026 or early 2027.
The Nasdaq 23/5 Rule is part of a broader structural shift toward extended trading across US exchanges. The SEC approved NYSE Arca's proposal to move to 22 hours per day trading in February 2025 and approved the 24X National Exchange for near-continuous trading in November 2024. The common driver is rising investor demand for access to US equities during overnight hours, particularly among investors in Asia and other jurisdictions whose business hours do not coincide with traditional US market hours.
Currently, Nasdaq's regular trading session runs from 9:30 a.m. to 4:00 p.m. ET Monday through Friday. Investors can also participate in extended sessions, which include a pre-market window from 4:00 to 9:30 a.m. and an after-hours window from 4:00 to 8:00 p.m. ET.
Under the new rule, Nasdaq will operate in two primary sessions -- the day session and the night session. The day session will combine the current pre-market, regular market, and post-market hours into one single session. There are no substantive changes to how trading operates during these hours. All existing requirements, order types, and processes (including the Opening and Closing Crosses) remain the same.
Daily trading will pause for one hour each weekday from 8:00 to 9:00 p.m. ET. This one-hour gap allows Nasdaq to conduct system maintenance, process corporate actions, and shift operations to the distinct trading system instances used for the night session. This one-hour pause would also permit Nasdaq to address the technical implications of a 23-hour trading day and facilitate internal market testing and systems updates/improvements.
The Night Session is the core new feature and will run from 9:00 p.m. to 4:00 a.m. ET. The trading week will begin on Sunday at 9:00 p.m. ET and conclude on Friday at 8:00 p.m. ET. The Night Session will offer significantly reduced functionality compared to the Day Session: only limit orders will be permitted; unpriced and pegged orders will be rejected; and member firms must connect through separate, dedicated Night Session ports. Liquidity during overnight hours is expected to be thinner, with wider bid-ask spreads. While information leaks may have a somewhat muted immediate price impact overnight, any price movements that do occur could be more volatile and harder to manage in less liquid conditions.
Nasdaq will continue to close its markets during the weekend hours, except that the trading week will commence with a night session on Sunday at 9:00 p.m. ET. The trading week will end at the conclusion of the day session on Friday. The greater focus on the additional trading session may increase interest for markets participants to trade during the 4:00 to 8:00 p.m. ET window.
How the Nasdaq 23/5 Rule May Impact CMPOs
The near-continuous trading environment created by the Nasdaq 23/5 Rule will affect CMPOs in several distinct ways, each of which merits separate consideration.
Information Leakage Risk
The central advantage of a CMPO -- confidential marketing while the market is closed -- is potentially undermined by a market that is open all but one hour per day. Traditionally, wall crossing and confidential bookbuilding occurs during the one to three business days prior to the public flip. The wall-crossed investors are restricted from trading during this period, however, there is always risk that information about the offering's existence may leak to non-wall-crossed market participants who may be free to trade. Because trading currently primarily occurs only during the day session, leakage would become apparent to the issuer and underwriters prior to the public flip, permitting them to abandon the offering. However, with a move to 23/5 trading, market participants who receive leaked information could pressure the stock price following the public flip. Any resulting stock price movement could undermine the offering's pricing, spook some investors from participating, or force the issuer to abandon the deal entirely.
Regulation FD and Cleansing Obligations
Extended trading hours also heighten the Regulation FD and insider trading compliance dimensions of CMPOs. If a leak occurs and the stock price moves materially during overnight trading, particularly if the issuer subsequently decides to abandon the offering, the issuer may need to issue a public "cleansing" press release disclosing any material nonpublic information that was shared with wall-crossed investors during the confidential phase. This cleansing obligation, which is typically negotiated as part of the wall-crossing confidentiality agreement, allows wall-crossed investors to resume trading. In an environment where overnight price movements are more visible and more volatile, the practical likelihood of triggering a cleansing disclosure -- and the associated reputational and market consequences -- increases.
Disclosure timing more broadly will require reconsideration. Under the traditional model, issuers could release material news after 8:00 p.m. ET with confidence that no on-exchange trading would occur until the following morning. Under the Nasdaq 23/5 Rule, material news released during evening or overnight hours will be immediately reflected in on-exchange prices, not just on alternative trading systems. This may have direct implications for how companies time the "flip" of a CMPO from the confidential to the public phase, and for the coordination of earnings releases and other material announcements around pending offerings.
Pricing Challenges
In a traditional CMPO, issuers may provide certain previously nonpublic material information to investors and the general public at the time of the public flip. This may include information about a potential acquisition or divestiture the issuer is considering or financial information regarding a recently completed quarter. With a move to 23/5 trading, the issuer's stock price may move on its primary exchange upon release of this information, which could impact the pricing the underwriters are expecting for the deal. This may significantly impact deal certainty, which is typically the greatest value to using the CMPO structure. It also will likely impact deal pricing as investors will see the news priced into the stock before the deal price is set, forcing investors to potentially demand bigger price discounts from issuers.
Marketing and Bookbuilding Constraints
With the off-market window compressed to one hour, deal teams will need to rethink when and how they conduct the confidential phase of a CMPO. Several adaptations are likely:
* First, wall-crossing activity may shift to weekends: Nasdaq's markets will remain closed from Friday at 8:00 p.m. ET until Sunday at 9:00 p.m. ET, providing a window in which underwriters can approach investors without the risk of on-exchange trading on leaked information. This would require investors to be available over the weekend, altering the established Monday-through-Thursday cadence of traditional CMPO pricing.
* Second, issuers and underwriters may limit the number of investors approached during the confidential phase to reduce the probability of leaks.
* Third, the "flip" timeline from confidential to public may need to be further compressed, with deal teams prepared to launch the public offering immediately upon establishing sufficient demand.
* Finally, it is possible that pricing of CMPOs will move to 8:00 p.m. ET when the market will be closed each day so the deal can be priced off a nonmoving trading price.
Transaction Document Implications
Many offering documents and transaction agreements were drafted against the backdrop of a 16-hour trading day with the vast majority of the trading occurring from 9:30 a.m. to 4:00 p.m. ET Monday through Friday. Key defined terms, including "business day," "trading day," and "market close," may need to be revised to account for a 23-hour trading environment. In transactions with warrants, references to volume weighted average price (VWAP) that previously captured a discrete trading session may now span overnight hours with materially different liquidity profiles, potentially distorting this pricing benchmark. Underwriting agreements, wall-crossing scripts, and email confidentiality agreements should all be reviewed for timing provisions that assume a traditional market structure. Counsel should also consider how the expanded definition of "Business Day" in Nasdaq's amended rulebook interacts with existing contractual definitions.
What Should Market Participants Do to Prepare?
Although the Night Session is not yet operational, the approval of the Nasdaq 23/5 Rule, alongside similar approvals for NYSE Arca and 24X, signals that near-continuous trading is coming. Market participants should begin preparing now. Issuers and their counsel should review existing shelf registration statements, underwriting agreement templates, and wall-crossing scripts to identify timing-dependent provisions that require updating. Investment banks should consider whether their CMPO marketing protocols need to be restructured around weekend wall-crossing (which will require portfolio managers to be available over the weekend), 8:00 p.m. pricing, or compressed flip timelines. All parties should monitor DTCC and SIP readiness milestones, as well as Nasdaq's follow-up rule change filing, which will set the definitive launch date. The investment banks that adapt their deal processes ahead of the Night Session's launch will be best positioned to preserve the confidentiality and execution advantages that make CMPOs an essential tool in the underwriters' toolkit.
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The material contained in this communication is informational, general in nature and does not constitute legal advice. The material contained in this communication should not be relied upon or used without consulting a lawyer to consider your specific circumstances. This communication was published on the date specified and may not include any changes in the topics, laws, rules or regulations covered. Receipt of this communication does not establish an attorney-client relationship. In some jurisdictions, this communication may be considered attorney advertising.
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Meet the Authors
Abyen Aden
Associate
Minneapolis
+1 612 766 7013
abyen.aden@faegredrinker.com
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Joshua L. Colburn
Partner
Minneapolis
+1 612 766 8946
joshua.colburn@faegredrinker.com
* * *
Griffin D. Foster
Partner
Indianapolis
+1 317 569 4843
griffin.foster@faegredrinker.com
* * *
Amanda M. Ibrahim
Associate
Chicago
+1 312 569 1162
amanda.ibrahim@faegredrinker.com
* * *
Chad Lange
Partner
Philadelphia
+1 215 988 2642
charles.lange@faegredrinker.com
* * *
Layla Mahmood
Associate
Minneapolis
+1 612 766 7024
layla.mahmood@faegredrinker.com
* * *
Ben A. Stacke
Partner
Minneapolis
+1 612 766 6836
ben.stacke@faegredrinker.com
* * *
Tyler J. Vivian
Partner
Minneapolis
+1 612 766 7138
tyler.vivian@faegredrinker.com
* * *
Jonathan R. Zimmerman
Partner
Minneapolis
+1 612 766 8419
jon.zimmerman@faegredrinker.com
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Original text here: https://www.faegredrinker.com/en/insights/publications/2026/6/new-nasdaq-23-5-rule-and-its-potential-impact-on-confidentially-marketed-public-offerings
[Category: BizLaw/Legal]
EisnerAmper Announces New Gulf Coast Partner-In-Charge
NEW YORK, June 3 -- EisnerAmper, a provider of audit, accounting and tax, advisory and outsourcing services, issued the following news:* * *
EisnerAmper Announces New Gulf Coast Partner-in-Charge
EisnerAmper Partner Laura Soileau has been named Partner-in-Charge (PIC) of the Gulf Coast, effective June 1. This move will support the firm's continued growth in the region and strengthen its operational ability to serve clients and colleagues. Laura succeeds the previous Gulf Coast PIC, Dan Gardiner.
In this role, Laura will foster the firm's culture and oversee the day-to-day operations and long-term ... Show Full Article NEW YORK, June 3 -- EisnerAmper, a provider of audit, accounting and tax, advisory and outsourcing services, issued the following news: * * * EisnerAmper Announces New Gulf Coast Partner-in-Charge EisnerAmper Partner Laura Soileau has been named Partner-in-Charge (PIC) of the Gulf Coast, effective June 1. This move will support the firm's continued growth in the region and strengthen its operational ability to serve clients and colleagues. Laura succeeds the previous Gulf Coast PIC, Dan Gardiner. In this role, Laura will foster the firm's culture and oversee the day-to-day operations and long-termgrowth strategies for the Gulf Coast offices. As an Advisory Partner and Practice Group Leader of Risk and Compliance Services, Laura brings deep experience in guiding organizations through complex risk and compliance challenges.
She is a member of the Institute of Internal Auditors (IIA) and has held significant leadership roles within the organization, including Chair of the IIA's North American Board of Directors and member of the IIA's Global Board of Directors.
"I'm both grateful and thrilled to become the PIC of EisnerAmper Gulf Coast," said Laura. "This is an unprecedented time in the business advisory sector. I look forward to providing a strategy and vision for this key geographic market as we continually introduce new service offerings to further enhance our client relationships. And many thanks to Dan for his outstanding PIC leadership over the years. I hope to raise the bar that he has so highly set."
Dan will focus his efforts as Managing Partner of the firm's rapidly growing Outsourcing Services. "EisnerAmper Gulf Coast is in great hands with Laura," he said. "Gifted with strategic acumen and clarity of vision, she has successfully led a major practice group at the firm, is decidedly engaged in the profession, and is highly respected by coworkers and colleagues."
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Original text here: https://www.eisneramper.com/about-us/news/new-gulf-coast-partner-in-charge-0626/
[Category: BizAccounting]
Crowell & Moring Relocates D.C. Office to Newly Redeveloped Space In Penn Quarter
WASHINGTON, June 3 -- Crowell and Moring, a law firm, issued the following news:* * *
Crowell & Moring Relocates D.C. Office to Newly Redeveloped Space In Penn Quarter
Crowell & Moring has moved into new office space at the recently redeveloped former headquarters of the Washington Metropolitan Area Transit Authority in the Penn Quarter neighborhood of Washington, D.C. The firm occupies nearly 200,000 square feet over the top six floors of the building. Even with the firm's significant expansion in DC, its new space is nearly 50% less than its previous footprint. This move is the latest for ... Show Full Article WASHINGTON, June 3 -- Crowell and Moring, a law firm, issued the following news: * * * Crowell & Moring Relocates D.C. Office to Newly Redeveloped Space In Penn Quarter Crowell & Moring has moved into new office space at the recently redeveloped former headquarters of the Washington Metropolitan Area Transit Authority in the Penn Quarter neighborhood of Washington, D.C. The firm occupies nearly 200,000 square feet over the top six floors of the building. Even with the firm's significant expansion in DC, its new space is nearly 50% less than its previous footprint. This move is the latest forCrowell, which has relocated to premier space in New York, London, and Chicago over the past two years amid robust growth across the firm.
The move from the firm's former home at 1001 Pennsylvania Avenue, where the firm's DC office was located for nearly 40 years, represents the start of an exciting new chapter for Crowell in the city where it was founded. The office features a vertical campus concept with floors linked by internal staircases, as well as living walls and art installations that pay tribute to the local neighborhood. The fully redeveloped building features terraces on every other floor of Crowell's space, providing access to extensive outdoor space rarely seen in Washington, D.C. The firm's new office is in close proximity to courthouses and federal agencies and is situated within a vibrant area that is influenced by history, culture and hospitality.
"The opening of our new Washington office reflects a continued investment in our people, our clients, and the future of the firm. This space is designed to foster collaboration and position us to meet the increasingly complex challenges facing clients operating at the intersection of law, policy, and regulation," said Steve McBrady, Managing Partner of Crowell's D.C. office and a member of the firm's Executive Committee. "We believe that great firms are built around great people. So we consciously designed our new office with an efficient floor plan and market-leading technology, to create opportunities for collaboration, mentorship, and innovation, to foster the culture that defines Crowell both inside and outside the building."
"As our firm continues to grow, we have made it a priority to ensure our offices across the world are efficiently designed to support the collaborative and solution-driven approach we take to supporting clients in a dynamic business environment," said Philip T. Inglima, Chair of Crowell's Management Board. "In the past two years, we have relocated four offices to premier spaces designed to elevate the client experience and further our engagement in our local communities."
The building, originally known as the Jackson Graham Building, served as the headquarters for the Washington Metropolitan Area Transit Authority from 1974 to 2022. It served as the main administrative hub for WMATA during the construction and expansion of the region's Metrorail system. The building has undergone a complete renovation and expansion, including the addition of three new floors to the top of the original foundation. Crowell will be the first tenant in the newly completed 600 Fifth.
"Washington, D.C. has always been central to Crowell's identity and mission. Opening this office represents more than a move--it is a reaffirmation of our commitment to the city, the institutions we work with, and the clients we serve from the nation's capital," said McBrady.
"Our new space is structured to align with the needs of our expanding D.C. office and the expectations of the modern workforce," said Joseph J. Palermo, Crowell's Chief Operating Officer. "From creative meeting and event spaces for clients and our team, to technology solutions that seamlessly connect our colleagues in offices around the world, our new DC office was designed to inspire innovation and elevated client service."
Crowell's D.C. move is the fourth office relocation in the last two years. In June of 2025, the London office moved to newly built-out space at 199 Bishopsgate. Last November, the Chicago office relocated to premier customized space at 300 N. LaSalle amid significant recent growth. And in January 2024, the New York office moved to brand new space at Two Manhattan West in Hudson Yards where it has continued to expand its footprint.
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About Crowell & Moring LLP
Crowell & Moring is an international law firm with operations in the United States, Europe, and MENA. Drawing on significant government, business, industry, and legal experience, the firm helps clients capitalize on opportunities and provides creative solutions to complex regulatory and policy, litigation, transactional, and intellectual property issues. The firm is consistently recognized for its commitment to pro bono service, as well as its comprehensive programs and initiatives to advance the professional and personal development of all members of the Crowell community.
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Original text here: https://www.crowell.com/en/insights/firm-news/crowell-and-moring-relocates-dc-office-to-newly-redeveloped-space-in-penn-quarter
[Category: BizLaw/Legal]