Gary Gensler's first major action after being confirmed to lead the U.S. Securities and Exchange Commission for the next five years was to name Paul Weiss Rifkind Wharton & Garrison LLP partner Alex Oh as director of the agency's enforcement division Thursday.
Gensler taps Alex Oh as SEC enforcement chief investmentnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentnews.com Daily Mail and Mail on Sunday newspapers.
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Apple Faces Uphill Bid To Decertify Refurbished IPhone Class
Law360, San Francisco (April 14, 2021, 11:11 PM EDT) Apple on Wednesday urged a California federal judge to rethink his tentative decision against decertifying a class of consumers accusing the company of replacing broken iPhones and iPads with refurbished parts under a misleading warranty, saying a new Ninth Circuit decision and expert evidence support decertification.
Apple s attorney, William A. Isaacson of Paul Weiss Rifkind Wharton & Garrison LLP, told U.S. District Judge William H. Orrick that the case law on which the judge based his decision to certify the class is now outdated.
Apollo Global Takes Majority Stake in ABC Technologies Holdings
Funds managed by affiliates of
Apollo Global Management Inc. have acquired majority stake in
ABC Technologies Holdings Inc. from its majority shareholder,
ABC Group Canada LP, an affiliate of funds managed by
Cerberus Capital Management LP. Under the terms of the agreement, the Apollo funds will purchase 51% of the outstanding common shares (on a fully-diluted basis) of the company from ABC LP for CAD$10.00 (USD$8.00) per common share.
ABC Technologies president and CEO
Todd Sheppelman said, “ABC’s strong operational and financial performance, combined with its near-term opportunities as a platform for industry consolidation in the automotive technical plastics space, led to an unsolicited offer from the Apollo Funds to acquire a majority stake in the company and join in the journey outlined during ABC’s recent IPO process. We are excited to gain access to Apollo’s expertise and resources and look for
Reed Smith Hires in Global Corporate Team
Global law firm
Reed Smith has hired
John Ngo to the firm’s global corporate group in New York. A former in-house lawyer who was most recently with
Greenberg Traurig LLP, Ngo joins as counsel and adds depth to the firm’s rapidly expanding services with special purpose acquisition company transactions.
“Our SPAC team, led by partner
Ari Edelman in New York, has seen a rapid uptick in the number of de-SPAC and SPAC IPO transactions it has advised on since last fall,” said
James Tandler, chair of Reed Smith’s U.S. corporate group. “John has extensive experience working on various types of transactions, including de-SPAC transactions, and mergers and acquisitions in healthcare, technology, telecommunications, insurance, manufacturing, private equity and various other industry sectors.”