Toshiba Receives Buyout Offer from Private Equity Firm

Toshiba received an offer for acquisition by CVC Capital Partners likely valued at over $20 billion. The deal would be one of the largest leveraged buyouts in history, according to Dealogic, and possibly the largest in Asia,” writes the Wall Street Journal. If you are interested in leveraging public markets to raise capital for acquisitions,…

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Tom Brady and Julian Edelman Launch Businesses Based on Blockchain

Tom Brady of the Tampa Bay Buccaneers is launching Autograph, a digital collectible business using the “non-fungible token” model in which digital content is uniquely verifiable on the blockchain. Brady’s former Patriot’s teammate Julian Edelman also recently launched an NFT business to promote grassroots digital content creation in sports and beyond. Interested in leveraging blockchain…

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Charitable Deductions May Be Capped Under Biden Proposal

In May, President Biden is expected to release a proposal in which itemized deductions (including charitable donations to 501(c)(3) organizations) will be capped at 28% for individuals earning more than $400,000. Todd Kulkin is our expert on non-profit organizations and can advise on formation, compliance, governance, and the special rules for NPOs. Reach out to…

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Treasury Secretary Calls for Minimum Corporate Tax Rate

Treasury Secretary Janet Yellen is calling for a minimum tax rate on multinational corporations among peers on the global stage.  The Biden Administration’s proposal would “raise the corporate tax rate to 28% from 21%, increase minimum taxes on U.S. companies’ foreign income and make it harder for foreign-owned companies with U.S. operations to benefit from…

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Social Bite to Fundraise in Olympic-Style Race

In September, Sir Chris Hoy will lead 1,000 bicycle riders in an Olympic-style race from Glasgow to Edinburgh to raise money for new Social Bite Villages in London and Glasgow, providing shelter to the homeless. Todd Kulkin is our expert on non-profit organizations and can advise on formation, compliance, governance, and the special rules for…

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Fraudster Sentenced to 15 Years in Prison

Gina Champion-Cain was sentenced to 15 years in federal prison after defrauding investors out of at least $372 million in a 7-year Ponzi scheme. Victims have so far reached settlement agreements successfully recovering over $60 million. If you have been affected by financial fraud, fiduciary malfeasance, or are under investigation by the SEC or FINRA,…

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SEC Takes Interest in Shell Companies

The SEC is taking an interest in SPACs, or special purpose acquisition companies, also known as “shell companies”, over concerns their markedly increased use for placement on stock exchanges has provided opportunities for fraud and other misconduct: “The SEC is looking into potentially illegal activity related to SPACs, according to people with knowledge of the…

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SEC Awards $500,000 to Whistleblower

The SEC has awarded $500,000 to a whistleblower who provided information leading to successful enforcement actions against an ongoing fraud scheme. “The whistleblower’s information prompted an internal investigation by the company, which then reported to an outside agency, which in turn provided the information to the SEC. Separately, the whistleblower also reported to the SEC…

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Life Sciences Companies to Merge in $1.25 Billion Deal

SomaLogic, a life sciences company, plans to merge with CM Life Sciences II in a special purpose acquisition deal amounting to $1.25 billion. If you are interested in leveraging public markets to raise capital for acquisitions, contact the attorneys at the Warren Law Group at (866) WLGROUP or email info@warren.law.

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