Featured Stories
Steptoe Files Amicus Brief in Tax Court on Behalf of the US Chamber of Commerce
WASHINGTON, Sept. 2 (TNSxrep) -- Steptoe, a law firm, issued the following news release:
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Steptoe Files Amicus Brief in Tax Court on Behalf of the US Chamber of Commerce
Steptoe LLP recently filed an amicus brief in the US Tax Court on behalf of the US Chamber of Commerce in Abbott Laboratories v. Commissioner of Internal Revenue. Filed in support of Abbott Laboratories, the brief argues that the IRS must provide Abbott the opportunity to challenge the agency's proposed adjustments before the Independent Office of Appeals under Internal Revenue Code section 7803(e), which states that the
... Show Full Article
WASHINGTON, Sept. 2 (TNSxrep) -- Steptoe, a law firm, issued the following news release:
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Steptoe Files Amicus Brief in Tax Court on Behalf of the US Chamber of Commerce
Steptoe LLP recently filed an amicus brief in the US Tax Court on behalf of the US Chamber of Commerce in Abbott Laboratories v. Commissioner of Internal Revenue. Filed in support of Abbott Laboratories, the brief argues that the IRS must provide Abbott the opportunity to challenge the agency's proposed adjustments before the Independent Office of Appeals under Internal Revenue Code section 7803(e), which states that theright to appeal "shall be generally available to all taxpayers."
Beyond the underlying tax dispute, the case raises a broader question with implications for businesses and taxpayers nationwide: whether the IRS can bypass the administrative appeals process and move directly to litigation without providing the procedural protections Congress established in the Taxpayer First Act of 2019. Administrative review by the IRS Independent Office of Appeals is vital to resolving federal tax disputes efficiently and without litigation. The brief urges the court to direct the IRS to either refer the case to the IRS Independent Office of Appeals or comply with the notice-and-protest requirements of section 7803(e)(5)(A) for denying Appeals' review.
As the world's largest business organization and the nation's leading advocate for business, the US Chamber of Commerce regularly participates in cases that have broad implications for the business community. The Chamber's brief argues that the case will help determine whether taxpayers have a judicially enforceable right to seek review by the IRS Independent Office of Appeals before disputed issues proceed to litigation.
The Steptoe team representing the US Chamber of Commerce includes partner Caitlin Tharp and associate Zain Devshi.
The brief has been covered by Law360 and Tax Notes.
Click here to read the brief (https://www.steptoe.com/a/web/wX8KZRMjq2iyQcdiuvEXWH/chamberamicusabbott-1.pdf).
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About Steptoe
In more than 110 years of practice, Steptoe has earned an international reputation for vigorous representation of clients and innovative thinking before governmental agencies, successful advocacy in litigation and arbitration, and creative and practical advice in structuring business transactions. Steptoe has more than 500 lawyers and other professional staff across offices in Beijing, Brussels, Chicago, Hong Kong, Houston, London, Los Angeles, New York, San Francisco, and Washington, DC. For more information, visit www.steptoe.com.
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Original text here: https://www.steptoe.com/en/news-publications/steptoe-files-amicus-brief-in-tax-court-on-behalf-of-the-us-chamber-of-commerce.html
[Category: BizLaw/Legal]
K&L Gates Advises LS Cable & System on Landmark US$689 Million Virginia Manufacturing Investment
PITTSBURGH, Pennsylvania, Sept. 2 -- K&L Gates, a law firm, issued the following news release:
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K&L Gates Advises LS Cable & System on Landmark US$689 Million Virginia Manufacturing Investment
Global law firm K&L Gates LLP advised LS Cable & System on its US$689 million investment in Chesapeake, Virginia, a project expected to create more than 430 jobs and strengthen critical US manufacturing and supply chains. The new LS Advanced Materials Manufacturing Complex will establish US-based production of copper rod, magnet wire, and rare-earth magnets, support energy, defense, and advanced manufacturing
... Show Full Article
PITTSBURGH, Pennsylvania, Sept. 2 -- K&L Gates, a law firm, issued the following news release:
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K&L Gates Advises LS Cable & System on Landmark US$689 Million Virginia Manufacturing Investment
Global law firm K&L Gates LLP advised LS Cable & System on its US$689 million investment in Chesapeake, Virginia, a project expected to create more than 430 jobs and strengthen critical US manufacturing and supply chains. The new LS Advanced Materials Manufacturing Complex will establish US-based production of copper rod, magnet wire, and rare-earth magnets, support energy, defense, and advanced manufacturingsupply chains while reinforcing Virginia's position as a hub for innovation and industrial growth.
Building on the firm's work for the previously announced LS GreenLink USA project, K&L Gates counseled LS Cable & System on site selection, real estate acquisition, incentives, due diligence, environmental matters, and corporate issues for its new project known as the LS Advanced Materials Manufacturing Complex. Together, the two projects represent approximately US$1.4 billion in investment and 760 new jobs, creating the largest project ever in the Hampton Roads region.
The K&L Gates team, which was based in Washington, DC, was led by partner Olivia Byrne and associate Brittany Skibowski Alder, whose combined experience in economic development, real estate, economic incentives, environmental, permitting, zoning, and corporate matters supported the transaction.
Patrick Shim, Managing Director of LS Cable & System, noted: "We are excited to have the new 86-acre site under contract for our second major investment in the Commonwealth of Virginia. Many thanks to our advisors, Olivia Byrne and Brittany Skibowski at K&L Gates for their work on this transaction."
Byrne stated: "Under the strong leadership of Patrick Shim, we are honored to be working on such an important project from Korea that will strengthen the US supply chain. This investment reflects the growing importance of advanced manufacturing to US economic security, and we are proud to support LS Cable & System as it brings this transformative project to Virginia."
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K&L Gates is a globally integrated law firm trusted by sophisticated clients to deliver market leading legal counsel across jurisdictions and industries. Operating as one firm worldwide, K&L Gates combines deep local insight with seamless global coordination to address clients' most complex legal and business challenges. Guided by a relentless focus on client service, the firm delivers practical, high impact solutions with consistency, efficiency, and a clear emphasis on results.
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URL: LS Cable & System
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Original text here: https://www.klgates.com/KL-Gates-Advises-LS-Cable-System-on-Landmark-US689-Million-Virginia-Manufacturing-Investment-9-1-2026
[Category: BizLaw/Legal]
Ice Miller Proudly Sponsors Giants: Art From the Dean Collection of Swizz Beatz and Alicia Keys at Newfields
INDIANAPOLIS, Indiana, Sept. 2 -- Ice Miller, a law firm, issued the following news release:
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Ice Miller Proudly Sponsors Giants: Art from the Dean Collection of Swizz Beatz and Alicia Keys at Newfields
A landmark contemporary art exhibition opens at the Indianapolis Museum of Art at Newfields on September 19, and Ice Miller is honored to help bring it to Indianapolis.
Ice Miller LLP is proud to announce its sponsorship of Giants: Art from the Dean Collection of Swizz Beatz and Alicia Keys, a monumental contemporary art exhibition opening at the Indianapolis Museum of Art at Newfields
... Show Full Article
INDIANAPOLIS, Indiana, Sept. 2 -- Ice Miller, a law firm, issued the following news release:
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Ice Miller Proudly Sponsors Giants: Art from the Dean Collection of Swizz Beatz and Alicia Keys at Newfields
A landmark contemporary art exhibition opens at the Indianapolis Museum of Art at Newfields on September 19, and Ice Miller is honored to help bring it to Indianapolis.
Ice Miller LLP is proud to announce its sponsorship of Giants: Art from the Dean Collection of Swizz Beatz and Alicia Keys, a monumental contemporary art exhibition opening at the Indianapolis Museum of Art at Newfieldson September 19, 2026, and remaining on view through February 28, 2027. The firm's support extends to both the exhibition and its official Preview Party on September 18, 2026, welcoming Newfields Members, donors, and community leaders for the first look at one of the most anticipated cultural moments of the year in Indiana.
Organized by the Brooklyn Museum and presented by JPMorganChase, Giants traces two decades of collecting by musical and cultural icons Kasseem Dean (Swizz Beatz) and Alicia Keys, whose personal collection has become one of the most significant privately held holdings of contemporary art by artists of the Black diaspora. Approximately 130 works from Kehinde Wiley, Amy Sherald, Nick Cave, Barkley Hendricks, Mickalene Thomas, Gordon Parks, Deborah Roberts, Arthur Jafa, Jean-Michel Basquiat, Titus Kaphar, and other canon-shaping artists will be on view across three thematic sections designed to spark what curators call "giant conversations."
A Monumental Exhibition, Structured in Three Movements
The exhibition unfolds in three sections.
"On the Shoulders of Giants" honors artists whose vision made contemporary art history from Gordon Parks and Jamel Shabazz's street photography to Esther Mahlangu's reinterpretations of South African Ndebele traditions.
"Giant Conversations" brings together works that critique the world and celebrate the beauty, resilience, and joy of Black communities across the globe, including Nick Cave's textured sculptures and Amy Sherald's large-scale diptych of Baltimore's dirt bike culture.
The exhibition closes with "Giant Presence," an installation of monumental works including Arthur Jafa's nearly eight-foot-tall Big Wheel I that use scale itself as an argument.
Giants is curated by Kimberli Gant, Curator of Modern and Contemporary Art, and Indira A. Abiskaroon, formerly Curatorial Assistant of Modern and Contemporary Art, both of the Brooklyn Museum. Belinda Tate, The Melvin and Bren Simon Director of the Indianapolis Museum of Art at Newfields, serves as the coordinating curator for the Newfields presentation, which is accompanied by a fully illustrated catalogue published by Phaidon.
"Bringing Giants to Indianapolis reflects Newfields' commitment to presenting the most compelling artists and cultural voices of our time," said Le Monte G. Booker, Sr., President & CEO for Newfields, in the exhibition's launch announcement. "We are advancing a bold, new chapter for the Indianapolis Museum of Art at Newfields that deepens our engagement with contemporary art. We are focused on presenting work that sparks dialogue, broadens perspectives and reflects the richness of our communities. Giants embodies that vision. More than a celebration of artistic excellence, this exhibition offers audiences an opportunity to experience the transformative power of art on a truly extraordinary scale."
Why Ice Miller Is Standing Behind This Exhibition
For Ice Miller, a firm founded in Indianapolis in 1910 with more than a century of civic roots, supporting Giants is a natural extension of a decades-long commitment to the arts, cultural institutions, and the communities the firm calls home.
The sponsorship also reflects the firm's ongoing investment in engagement and belonging work led by Myra Selby, Ice Miller's Chief of Engagement & Belonging and Senior Counsel, who partnered with Newfields' philanthropy team.
"Great art has always pushed us to see one another more clearly and to imagine what our communities can be," said Selby. "Giants is a celebration of Black identity, creativity, and cultural legacy that speaks to the heart of who we are and who we aspire to be as a community. We're honored to support Newfields, the Brooklyn Museum, and the artists whose work invites us all into these giant conversations."
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Experiencing Giants at Newfields
Giants: Art from the Dean Collection of Swizz Beatz and Alicia Keys is on view at the Indianapolis Museum of Art at Newfields from September 19, 2026, through February 28, 2027. Newfields is located at 4000 Michigan Road, Indianapolis, Indiana 46208. Timed-entry tickets are required and available at discovernewfields.org.
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Original text here: https://www.icemiller.com/news/ice-miller-proudly-sponsors%E2%80%AFgiants-art-from-the-dean-collection-of-swizz-beatz-and-alicia-keys%E2%80%AFat-newfields
[Category: BizLaw/Legal]
Faegre Drinker Issues Insight: Second Circuit Adopts the Indirect Purchaser Rule for Civil RICO
MINNEAPOLIS, Minnesota, Sept. 2 -- Faegre Drinker Biddle and Reath, a law firm, issued the following insight on Aug. 31, 2026, by associate Nickolas I. Merrill and partners Jesse A. Witten and Alison M. Agnew:
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Second Circuit Adopts the Indirect Purchaser Rule for Civil RICO
At a Glance
* Manufacturers facing civil RICO claims should raise the indirect purchaser rule at the pleading stage as a threshold defense.
* While four circuits have now adopted the indirect purchaser rule in the RICO context, the rule has faced considerable criticism from commentators and even the judiciary.
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... Show Full Article
MINNEAPOLIS, Minnesota, Sept. 2 -- Faegre Drinker Biddle and Reath, a law firm, issued the following insight on Aug. 31, 2026, by associate Nickolas I. Merrill and partners Jesse A. Witten and Alison M. Agnew:
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Second Circuit Adopts the Indirect Purchaser Rule for Civil RICO
At a Glance
* Manufacturers facing civil RICO claims should raise the indirect purchaser rule at the pleading stage as a threshold defense.
* While four circuits have now adopted the indirect purchaser rule in the RICO context, the rule has faced considerable criticism from commentators and even the judiciary.
*Plaintiffs regularly argue for exceptions to the rule, and many states have drafted their antitrust laws to exclude the indirect purchaser rule.
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On July 30, 2026, the US Court of Appeals for the Second Circuit joined the Third, Sixth, and Seventh Circuits to hold that the "indirect purchaser" rule applies to civil actions under the Racketeer Influenced and Corrupt Organizations Act (RICO). In Yousefzadeh, the Second Circuit adopted the rule from Illinois Brick Co. v. Illinois, reasoning that RICO's private right of action mirrors Section 4 of the Clayton Act almost verbatim and that Illinois Brick's policy rationales apply equally in the RICO context. As a consequence, the consumers who bought allegedly ineffective oral nasal decongestants from retailers lacked a RICO cause of action against the manufacturers. With yet another federal circuit adopting the indirect purchaser rule, manufacturers facing civil RICO claims have yet another threshold defense to raise at the pleading stage and to avoid the costs of discovery.
Background
The case arises from consolidated multidistrict litigation in the Eastern District of New York over oral phenylephrine ("oral PE"), the active ingredient in various over-the-counter nasal decongestants. Although the FDA recognized oral PE as effective in 1994, by 2016 scientific studies allegedly had made "crystal clear" that oral PE was "no more effective than [a] placebo."
Consumers and other purchasers asserted several claims, including a federal civil RICO claim against certain oral PE manufacturers. The RICO claim alleged that the manufacturers engaged in mail and wire fraud in furtherance of a scheme to conceal oral PE's lack of efficacy from consumers and the FDA.
The district court dismissed the civil RICO claim, holding that the consumer plaintiffs lacked statutory standing under the indirect purchaser rule. On appeal, the consumer plaintiffs did not dispute that they were indirect purchasers or that they would lack a cause of action if the rule applies; the key question was whether the rule extends to civil RICO -- an issue that had not yet been decided by the Second Circuit.
The Second Circuit Applies the Bright-Line Rule of Illinois Brick
On appeal, the Second Circuit upheld the district court's decision and applied the indirect purchaser rule to bar the RICO claim of the consumer plaintiffs. Under the indirect purchaser rule, only immediate buyers (often middlemen) have a cause of action to sue a seller for injuries, while purchasers who are further down the line from the seller (often consumers) do not.
The Second Circuit's reasoning proceeded in two steps. Textually, Illinois Brick located the indirect purchaser rule in Section 4 of the Clayton Act, 15 U.S.C. Sec. 15(a), which authorizes treble damages for "any person who shall be injured in his business or property by reason of anything forbidden in the antitrust laws." The RICO statute, 18 U.S.C. Sec. 1964(c), "mirrors this language almost exactly"; and as the Supreme Court has held, Congress modeled RICO's enforcement provision on the Sherman and Clayton Acts. Although Congress enacted RICO seven years before Illinois Brick, the court found no textual barrier to importing the rule, given the Second Circuit's "longstanding practice of interpreting civil RICO in parallel, if not lockstep, with the antitrust laws" and the principle that RICO, like the Clayton Act, should not be read so expansively as to "allow all factually injured plaintiffs to recover."
Next, the court turned to Illinois Brick's underlying rationales: efficient enforcement, avoidance of complicated pass-on damage calculations, and prevention of duplicate recoveries. The Second Circuit concluded that each rationale carries "no less force in the civil RICO context." Giving the remedy only to direct purchasers preserves their financial incentive to sue and thus promotes efficiency. Without the rule, courts would need to apportion overcharges from direct purchasers to middlemen and end-consumers, which would add new dimensions of complexity. And allowing both direct and indirect purchasers to recover the same overcharge would impose double liability.
The court further rejected the consumer plaintiffs' argument that the indirect purchaser rule is superfluous in light of RICO's proximate cause standard, noting that the two doctrines are consistent with one another.
Implications
This decision is significant for consumer-facing industries that sell through retailers, wholesalers, or platforms. To maximize recovery, plaintiffs often include a civil RICO claim in complaints alleging a wide variety of allegedly fraudulent conduct or product defects. Now, four federal circuits -- the Second, Third, Sixth, and Seventh -- expressly recognize that indirect purchasers and end-consumers are generally barred from seeking treble damages under federal civil RICO against upstream manufacturers. Manufacturers facing civil RICO claims should raise the indirect purchaser rule at the pleading stage as a threshold defense.
Finally, while four circuits have now adopted the indirect purchaser rule in the RICO context, the rule has faced considerable criticism from commentators and even the judiciary. Indeed, even though it felt legally compelled to apply the indirect purchaser rule to RICO, the Sixth Circuit criticized the rule as "unsupported by sensible principles." Similarly, the Second Circuit acknowledged that "whether policy considerations still favor the indirect purchaser rule is a close call." Consequently, plaintiffs regularly argue for exceptions to the rule, and many states have drafted their antitrust laws to exclude the indirect purchaser rule.
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
Jesse A. Witten
Partner
Washington, D.C.
+1 202 230 5146
jesse.witten@faegredrinker.com
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Nickolas I. Merrill
Associate
Washington, D.C.
+1 202 230 5157
nickolas.merrill@faegredrinker.com
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Alison M. Agnew
Partner
Washington, D.C.
+1 202 230 5105
alison.agnew@faegredrinker.com
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Original text here: https://www.faegredrinker.com/en/insights/publications/2026/8/second-circuit-adopts-the-indirect-purchaser-rule-for-civil-rico
[Category: BizLaw/Legal]
Clark Hill: DHS Signals Increased Scrutiny of Curricular Practical Training Programs
BIRMINGHAM, Michigan, Sept. 2 -- Clark Hill, a law firm, issued the following legal update:
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DHS Signals Increased Scrutiny of Curricular Practical Training (CPT) Programs
SEVP Issues New Guidance Reinforcing Narrow Interpretation of CPT Eligibility
On August 24, 2026, the Student and Exchange Visitor Program (SEVP) issued new guidance to Designated School Officials (DSOs) regarding the administration of Curricular Practical Training (CPT). The guidance follows a prior SEVP broadcast warning that the agency has observed a rise in CPT authorizations that appear inconsistent with regulatory
... Show Full Article
BIRMINGHAM, Michigan, Sept. 2 -- Clark Hill, a law firm, issued the following legal update:
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DHS Signals Increased Scrutiny of Curricular Practical Training (CPT) Programs
SEVP Issues New Guidance Reinforcing Narrow Interpretation of CPT Eligibility
On August 24, 2026, the Student and Exchange Visitor Program (SEVP) issued new guidance to Designated School Officials (DSOs) regarding the administration of Curricular Practical Training (CPT). The guidance follows a prior SEVP broadcast warning that the agency has observed a rise in CPT authorizations that appear inconsistent with regulatoryrequirements and signals increased enforcement activity in this area.
For U.S. employers that hire F-1 students, the guidance is significant because it reiterates that CPT is available only in limited circumstances and emphasizes that CPT must be a required component of a student's academic program, not simply a means of obtaining employment authorization. The guidance also suggests that schools, students, and employers involved in CPT arrangements may face increased scrutiny moving forward.
Key Takeaways
SEVP's guidance focuses on several core principles:
* CPT is available only when practical training is an integral and required part of an established curriculum.
* Participation in CPT cannot be optional if it is being used as the basis for employment authorization.
* Schools should require all students enrolled in a curriculum where practical training is deemed integral to complete the training component, regardless of citizenship or immigration status.
* Students must proactively request CPT authorization through their Designated School Official (DSO).
* CPT should be conducted through sponsoring employers that have established cooperative agreements with the school.
These principles reflect a more restrictive interpretation of CPT and may impact institutions and employers that have relied on more flexible CPT models in recent years.
Understanding the Difference Between CPT and OPT
A central theme of SEVP's guidance is the distinction between Curricular Practical Training (CPT) and Optional Practical Training (OPT). While both permit employment related to a student's field of study, SEVP emphasized that they serve fundamentally different purposes.
Curricular Practical Training (CPT)
According to SEVP, CPT is employment authorization available only when practical training is an integral and required component of an established curriculum. CPT may take the form of an internship, cooperative education program, practicum, alternative work-study arrangement, or similar training experience that is necessary for successful completion of the academic program. The agency further emphasized that participation in CPT should be required for all students enrolled in the relevant curriculum.
Optional Practical Training (OPT)
OPT, by contrast, is employment authorization that is not required by a student's program of study. Participation in OPT is voluntary, and students may complete their academic programs without engaging in OPT. Unlike CPT, OPT is designed primarily to provide practical experience related to a student's major field of study rather than satisfy a mandatory curricular requirement.
SEVP specifically noted that some schools have improperly treated CPT as if it were OPT by characterizing the training as optional rather than integral to the curriculum. The new guidance appears intended to address those practices.
Elective Courses May Not Support CPT
One of the most significant aspects of the guidance concerns CPT offered through elective coursework.
SEVP stated that when a course is optional and a student may choose whether to enroll, the related practical training is likewise optional. According to the agency, this arrangement does not satisfy the requirement that CPT be both integral and required. As a result, schools may face challenges supporting CPT authorizations that are tied solely to elective academic offerings.
Practical Training Must Be Required for All Students
The guidance also emphasizes that if practical training truly constitutes an integral component of a curriculum, all students enrolled in the program should be required to complete it.
SEVP noted that it has identified schools where only certain students participate in practical training despite claims that the training is integral to the curriculum. The agency indicated that such inconsistencies raise compliance concerns because CPT is permitted only where practical training is a mandatory component of the educational experience.
Schools Must Continue to Verify Eligibility and Maintain Records
The guidance reiterates that students must formally request CPT authorization from their DSO before beginning employment.
Schools are expected to confirm that:
* The student is enrolled in a curriculum where practical training is integral.
* The training is directly related to the student's major field of study.
* Appropriate updates are made to the student's SEVIS record.
The agency cautioned that failure to satisfy these verification and record-keeping requirements may result in significant compliance consequences for institutions.
Cooperative Agreements with Employers
SEVP emphasized that CPT should be conducted through employers that have established cooperative agreements with the school.
According to the guidance, schools should work only with legitimate, bonafide employers capable of providing meaningful practical training directly related to the student's area of study. Employers may therefore see universities requesting additional information regarding job duties, training objectives, supervision, and the educational components of a proposed position before authorizing CPT.
Potential Impact on Employers
While the guidance does not create new regulations, it clearly signals an intent by DHS to increase enforcement of existing CPT requirements.
Employers that hire F-1 students using CPT should anticipate:
* Increased scrutiny of CPT authorizations by schools and government agencies
* More restrictive CPT approval practices at certain institutions
* Additional university requests for employer documentation
* Increased focus on whether employment is directly related to the student's academic program
* Continued scrutiny of programs commonly referred to as "Day 1 CPT"
Looking Ahead
The agency's position is clear: CPT is not intended to function as an alternative form of optional employment authorization. Rather, it is available only where practical training is an essential and mandatory component of an established academic curriculum. Employers that hire F-1 students pursuant to CPT should expect increased scrutiny and should take proactive steps now to validate their compliance practices and mitigate immigration-related risk.
How Clark Hill Can Help
Our immigration team is closely monitoring developments affecting F-1 students and employers. We can assist with CPT compliance reviews, workforce audits, onboarding procedures for foreign national employees, evaluations of CPT-dependent hiring strategies, and assessments of potential risk arising from changing agency enforcement priorities.
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This publication is intended for general informational purposes only and does not constitute legal advice or a solicitation to provide legal services. The information in this publication is not intended to create, and receipt of it does not constitute, a lawyer-client relationship. Readers should not act upon this information without seeking professional legal counsel. The views and opinions expressed herein represent those of the individual author(s) only and are not necessarily the views of Clark Hill PLC or Clark Hill Solicitors LLP. Although we attempt to ensure that postings on our website are complete, accurate, and up to date, we assume no responsibility for their completeness, accuracy, or timeliness.
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Original text here: https://www.clarkhill.com/news-events/news/dhs-signals-increased-scrutiny-of-cpt-programs/
[Category: BizLaw/Legal]
Alston & Bird Bolsters Debt Finance Practice With Partner Hire in New York
ATLANTA, Georgia, Sept. 2 -- Alston and Bird, a law firm, issued the following news release:
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Alston & Bird Bolsters Debt Finance Practice with Partner Hire in New York
Alston & Bird has added Stanimir (Stan) Kostov as a partner in its Finance Group, strengthening the firm's debt finance capabilities in New York. Stan represents banks, direct lenders, alternative capital providers, corporate borrowers, and private equity sponsors across a wide range of complex debt financing transactions.
"Our Debt Finance Team is experiencing significant growth as our clients increasingly turn to our
... Show Full Article
ATLANTA, Georgia, Sept. 2 -- Alston and Bird, a law firm, issued the following news release:
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Alston & Bird Bolsters Debt Finance Practice with Partner Hire in New York
Alston & Bird has added Stanimir (Stan) Kostov as a partner in its Finance Group, strengthening the firm's debt finance capabilities in New York. Stan represents banks, direct lenders, alternative capital providers, corporate borrowers, and private equity sponsors across a wide range of complex debt financing transactions.
"Our Debt Finance Team is experiencing significant growth as our clients increasingly turn to ourteam, and adding a lawyer of Stan's caliber allows us to keep pace with that demand," said Jason Solomon, partner and co-chair of the firm's Finance Group. "He has a reputation for being commercially minded and technically precise, which are qualities that matter in the complex financings our clients are executing."
Stan returns to private practice after serving as a director and senior covenant analyst at a financial intelligence and credit platform, where he evaluated complex financing structures and credit risk across a wide range of deals, giving him a market-wide view of current structures and risk.
Before that role, he spent nearly a decade as a partner and senior attorney at major international law firms, representing clients in a wide variety of debt financing transactions, credit facilities, and complex debt financing arrangements. Stan also brings the perspective of a former CPA, having begun his career as a staff accountant and auditor at a Big Four accounting firm.
At Alston & Bird, Stan will focus on structuring and negotiating secured and unsecured financings in commercial lending transactions, including unitranche facilities, syndicated loans, recurring revenue loans, asset-based credit facilities, liability management transactions, and leveraged recapitalizations.
"We have been building this team deliberately across our key markets, including New York, London, and Atlanta, and Stan's arrival is an important part of that growth," said Mike Parisi, partner and chair of the firm's Corporate Debt Finance Team. "His experience adds real depth in New York and strengthens what we can offer clients across the platform."
"Alston & Bird's high-quality deal flow, collaborative culture, and incredible growth make it the ideal place to work on sophisticated transactions," said Stan. "I was particularly drawn to the firm's middle-market practice, where I will be able to work closely with a talented team across the full arc of a transaction and bring judgment to the issues that drive outcomes for our clients."
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About Alston & Bird's Finance Team
With more than 120 dedicated finance lawyers, Alston & Bird's globally recognized Finance Group represents the market's most active participants in corporate debt, corporate trust, asset-based lending, distressed debt, leveraged finance, fund finance, private credit, and structured finance and securitization. The Corporate Debt Team holds practice and attorney rankings in Chambers Global and Chambers USA in Banking & Finance and Private Credit. The team is also recognized by IFLR1000 in Banking and Capital Markets and by The Legal 500 in Commercial Lending: Advice to Direct Lenders and Private Credit and Commercial Lending: Advice to Bank Lenders.
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Original text here: https://www.alston.com/en/insights/news/2026/09/stan-kostov-joins-new-york
[Category: BizLaw/Legal]
Akerman Represents NewBold Technologies in Acquisition of Spencer Technologies
MIAMI, Florida, Sept. 2 -- Akerman, a law firm, issued the following news release:
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Akerman Represents NewBold Technologies in Acquisition of Spencer Technologies
Akerman represented NewBold Technologies, a technology managed services provider and portfolio company of private equity firm Fort Point Capital, in its acquisition of Spencer Technologies, Inc., a technology lifecycle partner serving multi-site retail and hospitality brands across North America.
Operating for more than five decades, Spencer Technologies delivers technology planning, procurement, deployment, support, and refresh
... Show Full Article
MIAMI, Florida, Sept. 2 -- Akerman, a law firm, issued the following news release:
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Akerman Represents NewBold Technologies in Acquisition of Spencer Technologies
Akerman represented NewBold Technologies, a technology managed services provider and portfolio company of private equity firm Fort Point Capital, in its acquisition of Spencer Technologies, Inc., a technology lifecycle partner serving multi-site retail and hospitality brands across North America.
Operating for more than five decades, Spencer Technologies delivers technology planning, procurement, deployment, support, and refreshservices for store technology environments.
The company serves enterprise clients across the retail, restaurant, and convenience store sectors.
The acquisition expands NewBold's service capabilities and broadens Fort Point Capital's platform in the technology managed services sector.
The Akerman team representing NewBold Technologies was led by Corporate Practice Group Partners David F. Birke and Sergey N. Kotelnikov, and included key support from Corporate Practice Group Associates Brooke Gonzalez and Brittany Pushkin.
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About Akerman
Founded in 1920, Akerman is an Am Law 100 firm recognized by Vault among the nation's most prestigious law firms. The firm has more than 700 lawyers and business professionals throughout the United States.
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URL: NewBold Technologies
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Original text here: https://www.akerman.com/en/firm/newsroom/akerman-represents-newbold-technologies-in-acquisition-of-spencer-technologies.html
[Category: BizLaw/Legal]
