Friedman Kaplan has formed a LIBOR Transition Task Force, led by litigation partner Anne Beaumont, to study and prepare for the expected cessation of the London Interbank Offered Rate (LIBOR), which will occur no later than the end of 2021—and perhaps sooner. Given LIBOR’s pervasive use, the consequences of its permanent discontinuation will be felt—for better or worse—throughout the financial markets. As one market participant recently observed, “a misstep could have substantial consequences for investors globally.” More

Effective December 21, 2018, Friedman Kaplan partners Anne E. Beaumont, Michael A. Gordon, Mala Ahuja Harker, Jason C. Rubinstein, and Jeffrey R. Wang will join the firm’s newly formed Management Committee, taking over responsibility for firm management from longtime Managing Partner and founder Eric Seiler. More

Friedman Kaplan is pleased to announce that Joel I. Frank has joined our partnership. Mr. Frank will be a partner in our corporate department and will focus on securities matters. More

The Wireless History Foundation inducted FK partner Barry Adelman into its Hall of Fame at its Awards Dinner in Los Angeles on September 12th. More

2018 was a blockbuster year for the telecommunications industry. Sprint and long-time firm client T-Mobile agreed to merge; AT&T closed its deal for the acquisition of Time Warner Inc.; Disney acquired Fox; and Comcast acquired Sky – a transaction with which the firm was tangentially involved. More

Among the significant changes effectuated in 2018 to Federal Securities laws and regulations are amendments to existing regulations that (i) ease periodic reporting requirements for smaller public companies; (ii) allow public reporting companies to utilize an additional exemption for securities offerings; and (iii) expand private companies’ ability to issue stock, options or other securities under compensatory benefit plans. In addition, the Securities and Exchange Commission gave guidance on cyber-related disclosure issues and fraud. This article summarizes these changes and guidance. More

The announced discontinuation of the London Interbank Offered Rate (LIBOR) at the end of 2021 has the potential to be the “Y2K bug” of the financial sector: for firms that devote proper attention and resources on an ongoing basis, it should be more or less a non-event, while those that fail to address it face serious economic, operational and legal consequences. Firms of all shapes and sizes – large and small, financial and non-financial – should already be acting to protect their interests. More

Both the State of New York and New York City have enacted new legislation addressing sexual harassment in the workplace. More