The Week at Ropes & Gray: Justices Weigh-In on SEC Disgorgement; Dealmaking Activity; Insights on Value-Based Health Care and the FCPA Pilot Program; Hot Topics in Investment Management; Praise in Asia from the Financial Times
Weekly highlights of what’s happening at Ropes & Gray:
- Buzz around the U.S. Supreme Court’s decision in Kokesh v. SEC captured attention in legal and financial circles; the ruling applies a five-year statute of limitations to SEC disgorgement claims. Speaking to The Wall Street Journal, business & securities litigation partner Daniel O’Connor discussed how the decision will “shape the scope and limit the reach” of the commission’s investigations. Our attorneys also examined the decision in a client alert.
- It was a busy week for dealmakers. Ropes & Gray advised Eversource Energy, New England's largest energy company, in its agreement to acquire Aquarion Water Company for $1.675 billion. We also represented Kohlberg & Company, L.L.C. in its acquisition of CIBT Global, Inc., a leading global provider of travel visa and immigration services.
- In a new video, government enforcement partner Ryan Rohlfsen examines the Department of Justice’s FCPA Pilot Program and its success in encouraging companies to self-disclose corruption issues and cooperate with the DOJ during investigations.
- Our latest Investment Management Update summarizes recent legal developments and trends affecting the mutual fund and investment management industries, including two recent distribution-in-guise settlements; a class action suit alleging violations of the Securities Act by a mutual fund; a renewed focus on cybersecurity following a global ransomware attack; and other developments of note.
- Two novel transactions and our handling of an anti-human trafficking matter were highlighted by the Financial Times, which named Ropes & Gray among the top 10 firms in the “Asia-Pacific Innovative Lawyers 2017.” Ropes & Gray had previously been honored among North America’s leading innovative law firms in the Financial Times’ 2016 report.