Thursday - November 21, 2024
State Tipoffs Involving Massachusetts Newsletter for Tuesday November 19, 2024 ( 8 items )  

Asset Management Attorneys Explore the SEC Compliance Rules in The Investment Lawyer
BOSTON, Massachusetts, Nov. 19 -- Ropes and Gray, a law firm, issued the following news: October 5, 2024, marked the 20th anniversary of the Securities and Exchange Commission's (SEC) landmark Compliance Rules, Rule 38a-1 under the Investment Company Act of 1940 and Rule 206(4)-7 under the Investment Advisers Act of 1940, which established the role of Chief Compliance Officer and mandated compliance programs for registered funds and advisers. In an article for The Investment Lawyer, asset mana  more

DNV and Seatrium Collaborate to Drive Innovation and Sustainable Product Development in the Marine and Offshore Industries
BURLINGTON, Massachusetts, Nov. 19 -- DNV, a provider of classification, technical assurance, software and independent expert advisory services, issued the following news: Singapore, Nov. 18, 2024 - DNV has signed a Memorandum of Understanding (MoU) with Seatrium, a leading engineering solutions provider to the offshore and marine industries, to cooperate on strategic activities and projects in the areas of engineering, technology and new product design. Under the MoU, DNV will provide Seatriu  more

GE Vernova Announces Agreement to Strengthen and Grow U.S. Energy Supply Chain, Acquiring Gas Turbine Combustion Parts Business From Woodward, Inc.
CAMBRIDGE, Massachusetts, Nov. 19 -- G.E. Vernova, an energy company, issued the following news release: * * * * Acquisition further secures critical supply chain during time of increasingly strong demand * * * GREENVILLE, S.C. (November 18, 2024) - GE Vernova, Inc. (NYSE: GEV) today announced that it has signed a definitive agreement to acquire Woodward, Inc.'s (NASDAQ: WWD) heavy duty gas turbine combustion parts business based in Greenville, S.C. This transaction is an important component  more

Goodwin Advises BauMont on Majority Stake Acquisition by M&G and Final Closing of BauMont Real Estate Fund II
BOSTON, Massachusetts, Nov. 19 -- Goodwin, a law firm, issued the following news release: Goodwin's London REI team advised the management team of BauMont Real Estate Capital Limited ("BauMont") on the sale of a 65% stake in BauMont to M&G Real Estate Limited ("M&G"). BauMont will join forces with M&G's pound sterling40 billion global real estate business, enabling M&G to expand its client proposition beyond its core commercial, residential and debt strategies - and the ability to invest throug  more

Goodwin Welcomes Jacquelyn Burke to the Risk Management & Insurance Practice in Boston
BOSTON, Massachusetts, Nov. 19 -- Goodwin, a law firm, issued the following news release on Nov. 18, 2024: Global law firm Goodwin today announced that Jacquelyn "Jacque" Burke has joined the firm's Risk Management and Insurance practice, as a partner in the Boston office. "Jacque's experience in navigating insurance disputes, delivering strategic guidance to clients, advising on transactional risk management, and overseeing intricate due diligence seamlessly aligns with our commitment to prov  more

IDC: Ecommerce Channels Outpace Offline Sales During China's "11.11" Shopping Festival
NEEDHAM, Massachusetts, Nov. 19 (TNSres) -- International Data Corp., a provider of market intelligence and advisory services, issued the following news release: BEIJING, Nov. 18, 2024 - According to IDC, this year's "11.11" shopping festival in China saw accelerated growth, with ecommerce channels outpacing offline sales. With the introduction of the national package of policies to boost consumption, the growth of the electronics consumption market has been directly promoted. China's Action P  more

IDC: India's Wearable Device Market Dropped 20.7% in 3Q24, Marking the Second Consecutive Quarter of Decline
NEEDHAM, Massachusetts, Nov. 19 (TNSres) -- International Data Corp., a provider of market intelligence and advisory services, issued the following news release: INDIA, 18 November 2024 - According to International Data Corporation's (IDC) India Monthly Wearable Device Tracker, India's wearable device market declined for the second consecutive quarter by 20.7% year-over-year (YoY) to 38 million units. This downturn can primarily be attributed to a reduction in new product launches and a cautiou  more

Ropes & Gray Represents Northwestern Mutual Capital in $473 Million Fund Close
BOSTON, Massachusetts, Nov. 19 -- Ropes and Gray, a law firm, issued the following news: Ropes & Gray advised Northwestern Mutual Capital (NMC) on the close of Northwestern Mutual Capital Equity Fund VII and its parallel fund, which secured $473 million in commitments. The fund close was announced on November 7 in a press release. Equity Fund VII is expected to invest directly in middle-market companies located across North America and Western Europe. This fund is the latest in a series of eq  more