NEWS INSIGHTS

Noteworthy developments affecting our firm, industries and clients.

INSIGHTS
PREPARING FOR THE 2021 PROXY SEASON

It is time to begin preparing for the 2021 proxy season and, though there are some minor rule changes, we believe this season will be defined by a focus first on COVID disclosures and second on board diversity, social disclosure and shareholder engagement. As investors’ expectations continue to increase in these areas, we have prepared a summary of developments to help guide your compliance efforts.

November 17, 2020

INSIGHTS
SEC CONTINUES EFFORTS TO EXPAND THE PRIVATE OFFERING SECURITIES EXEMPTIONS WHICH MANY SMALL-TO-MEDIUM BUSINESSES RELY UPON FOR CAPITAL RAISING

Earlier this month, the Securities and Exchange Commission amended certain rules related to the exempt offering framework in an effort to help small and medium-sized businesses facilitate capital raising.  The amendments (adopted in substantially the form proposed in March) will harmonize, simplify, and improve what is actually the result of decades of layered-on rules and regulations.  We believe this represents a workmanlike effort to simplify and make capital raising for smaller companies easier and more accessible.

November 16, 2020

NEWS
LESS THAN A YEAR IN, CHICAGO FIRM TRIPLES IN SIZE, EYES MORE GROWTH

( REUTERS ) – “A Chicago-based commercial law firm stocked with Big Law refugees has more than tripled in size less than a year after it launched.

Last month, Croke Fairchild Morgan & Beres’ ranks increased to 27 lawyers with the addition of Brian Gold as senior counsel and Jamie Gliksberg as partner and co-head of litigation.

Like their new colleagues at CFMB, Gold and Gliksberg have ties to Big Law. Gold was a long-time Sidley Austin partner who was the firmwide labor and employment practice chair before retiring in December 2017. Gliksberg was an associate at both Sidley and Steptoe & Johnson before joining Lambda Legal in 2017.

“For my part, I had not set out to become quite the full-service law firm we have become,” said Patrick Croke, one of the firm’s founding partners. “But I think what we’re doing is exciting to a lot of people.”

CFMB launched on Dec. 1 with eight attorneys, including the four founding partners. It has offices in Chicago, Milwaukee and Lake Forest, Ill.

Croke said client demand was driving the firm’s growth. In addition to tackling matters relating to labor and employment, intellectual property, litigation and tax, the firm is also juggling at least six merger and acquisition deals and is supervising the formation of several funds.”

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October 16, 2020

NEWS

Croke Fairchild Represents Eton Pharmaceuticals in $22 Million Follow-on Public Offering

November 17, 2020

NEWS

Timothy “Timmy” Knudsen Named Chairman of Chicago Zoning Board of Appeals

October 7, 2020

INSIGHTS

Board Diversity Update: California

October 5, 2020

INSIGHTS

Pressure Ramps Up For Board And Workforce Diversity In Public Companies: Start Thinking About Next Year’s Proxy Statement Now

September 15, 2020

INSIGHTS

SEC Expands Definitions of “Accredited Investor” and “Qualified Institutional Buyer” 
September 1, 2020

INSIGHTS

SEC Risk Alert: Key Take-Aways for Private Fund Advisers
July 21, 2020

NEWS

Timothy Knudsen Selected Among Crain’s 2020 “Notable LGBTQ Executives”
July 13, 2020

INSIGHTS

Reminder: Female and Minority Directors Report Now Required for Illinois-Headquartered Public Companies
July 1, 2020

INSIGHTS

Update on the Paycheck Protection Progam Under the CARES Act
June 25, 2020

INSIGHTS

The 2020 Market Break: Key Take-Aways for Fund Managers
June 8, 2020

NEWS

Ex-Big Law Laywers Expand Chicago Corporate Boutique as Pandemic Hits Larger Firms
May 27, 2020

NEWS

Does New Guidance Make PPP Loans Viable for U.S. Subsidiaries (of Foreign Parents)?
May 15, 2020

NEWS

SEC Provides Guidance on Covid-19 Reporting Relief
May 11, 2020

NEWS

Home Equity Financing Fintech Noah nabs $150m in funding
April 22, 2020

NEWS

Updates on the Paycheck Protection Program under the Cares Act
April 6, 2020

NEWS

The Coronavirus Aid, Relief, and Economic Security (CARES) Act and Aid for Businesses
March 27, 2020

NEWS

Geoffrey R. Morgan appointed to Financial Accounting Standards Board (FASB) Small Business Advisory Committee
March 26, 2020

INSIGHTS

COVID-19 Bulletin
March 20, 2020

INSIGHTS

Client Brief | SEC Proposes Amendments to Increase Access to Private Capital Markets
December 23, 2019

INSIGHTS

Client Alert | Preparing for the 2020 Proxy Season
October 30, 2019

INSIGHTS

Client Brief | SEC Expands “Testing-the-Waters” Rule Beyond Emerging Growth Companies
October 30, 2019

INSIGHTS

Notable Recent Amendments to the Deleware General Corporation Law
September 27, 2019