News & Insights

Insights

What is a Management Rights Letter?

Here’s a situation we see often when a company is negotiating a Series A financing. They’ve gotten through diligence, completed the lengthy…

Emerging Companies

Insights

NLRB Questions Confidentiality and Nondisparagement Provisions in Separation Agreements

Employers terminating employees frequently offer severance payments in exchange for the employees’ entry into a separation agreement.  Generally these separation agreements include…

Labor & Employment

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Privacy in the Heartland: Iowa to Become Sixth State with a Comprehensive Privacy Law

Insights

An Introduction to Convertible Notes

What is a convertible promissory note? A convertible promissory note is a debt instrument that converts into equity of the issuing company…

Emerging Companies

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Consent Horizon: BetterHelp to Pay $7.8 Million to Settle FTC Claims

Insights

Yonder Window Breaks: Earnout Covenants in Acquisitions

Earnouts, which provide sellers payouts if certain post-closing milestones are reached, have become increasingly popular in recent M&A transactions given today’s uncertain…

Mergers & Acquisitions

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Working 9 to 5: What a Way to Rack Up BIPA Violations

Insights

SEC Adopts Amendments to Rule 15c6-1 to Shorten Settlement of Routine Securities Trades to One Business Day Following the Transaction Date

On February 15, 2023, the Securities and Exchange Commission (“SEC”) adopted several amendments regarding Rule 15c6-1, which governs the settlement cycle for…

Capital Markets

Insights

The Corporate Transparency Act: Questions and Answers

Effective January 1, 2024, most new and existing corporate entities in the United States will be required to file reports on their…

Insights

Down Rounds – What Are They and How to Mitigate Litigation Risk

“Down rounds” and why they are contentious Early-stage companies often raise capital in multiple rounds.  While founders and investors hope that a…

Emerging Companies