Join Wilson Sonsini Goodrich & Rosati and NYU Law’s Institute for Corporate Governance and Finance for a conference on the key corporate governance issues for 2020. The presenters are leaders in the governance world – including public company directors, CEOs, asset managers, venture capitalists, and academics. The day will feature, among other things, topical panels and a “fireside chat” between Bill Chandler, the former Chancellor of the Delaware Court of Chancery, and Delaware Supreme Court Justice Tamika Montgomery-Reeves.
Most startup founders are focused on growing their company, raising financing, and reaching the market. However, decisions and processes put in place early in a company’s life can sometimes have significant effects on a future exit. While these items don’t always have a day-to-day impact on a company’s operations prior to an exit, they can be very expensive to address at the time of the exit and, in the worst case, potentially scuttle a deal.
During the 2019 holiday season, hundreds of Wilson Sonsini Goodrich & Rosati employees participated in a variety of firmwide giving initiatives to benefit those in need. These initiatives included a firmwide holiday matching program and numerous adopt-a-family and gift-drive efforts, supporting children and families, seniors, and at-risk youth.
On January 13, 2020, the U.S. Department of the Treasury issued final rules fully implementing the new powers granted to the Committee on Foreign Investment in the United States (CFIUS or the Committee). Congress provided these new powers via the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), which significantly enhances the Committee's ability to conduct national security reviews of inbound investments.
On January 12, aerospace suppliers Woodward, Inc. and Hexcel Corporation announced a definitive agreement to combine in an all-stock merger of equals to create a premier integrated systems provider serving the aerospace and industrial sectors. Wilson Sonsini advised Woodward in the transaction.
We are pleased to present the 2019 Antitrust Year in Review, which examines the most important antitrust matters and developments from the past year. Among other topics, the report discusses the Trump Administration’s antitrust enforcement approach and analyzes actions by both U.S. antitrust agencies across a range of civil and criminal enforcement matters.
On January 13, Visa Inc., the world leader in digital payments, announced it had signed a definitive agreement to acquire Plaid, a San Francisco-based fintech company that enables applications to connect with users’ bank accounts. Visa will pay total purchase consideration of $5.3 billion to acquire Plaid. Once closed, the combination of Visa and Plaid is expected to provide significant benefits to developers, financial institutions and consumers. Wilson Sonsini Goodrich & Rosati is advising Plaid in the transaction.
On January 10, 2020 the United States Department of Justice (DOJ) and the Federal Trade Commission (FTC) released draft guidelines outlining the agencies' "analytical techniques, practices, and enforcement policy" for vertical mergers under the federal antitrust laws.1 The FTC voted to issue the Draft Guidelines and solicit public comments, with three Republican commissioners voting in favor, and two Democratic commissioners abstaining.2 The comment period, which allows the public to provide comments on the Draft Guidelines, is open until February 11, 2020, and the agencies will consider those comments as they prepare a final set of guidelines.
WSGR is proud to be a sponsor of this year’s California Israel Chamber of Commerce (CICC) Healthcare Innovation Lounge. Please join us to see Partners Matthew Meyer & Ethan Lutske join Kurtis Parker from Raymond James to speak on "Trends Shaping the M&A Market".