Firm News
Jeffrey Lenobel Interviewed by The Deal in Video Segment Titled “MoMA Buys American Folk Art Museum”
July 25, 2011
Real estate partner Jeffrey Lenobel sat down with The Deal to discuss the Museum of Modern Art’s acquisition of the American Folk Art Museum and how the $31.2 million transaction will augment the museum’s current expansion plans.
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On Feb. 11, 2025, the staff of the Division of Corporation Finance at the Securities and Exchange Commission published revisions to existing Securities and Exchange Act Sections 13(d) and 13(g) and Regulation 13D-G Compliance and Disclosure Interpretation (C&DI) Question 103.11 and published new Question 103.12 regarding how engagement with issuers may affect a beneficial owner’s active/passive status.[1]
Alerts
On Feb. 27, 2025, the SEC’s Division of Corporation Finance (“Division”) issued guidance that meme coins — defined as speculative crypto assets inspired by internet memes, cultural trends, or social media phenomena — do not constitute securities under federal securities laws.[1] However, the Division’s guidance, which does not bind the Commission, was met with swift opposition from Commissioner Caroline A. Crenshaw, who criticized the guidance as “an incomplete, unsupported view of the law” and warned that it suggests, without sufficient legal basis, that an entire category of assets falls outside the SEC’s jurisdiction.[2]
Alerts
On Feb. 17, 2025, a judge of the US District Court for the Eastern District of Texas stayed the only remaining nationwide preliminary injunction enjoining enforcement of the Corporate Transparency Act (“CTA”) and staying implementation of the reporting requirements (“Reporting Rule”).[1] Accordingly, the Reporting Rule’s beneficial ownership information report (“BOI Report”) filing obligations are reinstated.[2] The US Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) subsequently issued guidance making clear that reporting is now mandatory (rather than voluntary) for reporting companies but extended the BOI Report filing deadlines as follows[3]:
Alerts
On Feb. 11, 2025, the staff of the Division of Corporation Finance at the Securities and Exchange Commission published revisions to existing Securities and Exchange Act Sections 13(d) and 13(g) and Regulation 13D-G Compliance and Disclosure Interpretation (C&DI) Question 103.11 and published new Question 103.12 regarding how engagement with issuers may affect a beneficial owner’s active/passive status.[1]
Alerts
On Feb. 27, 2025, the SEC’s Division of Corporation Finance (“Division”) issued guidance that meme coins — defined as speculative crypto assets inspired by internet memes, cultural trends, or social media phenomena — do not constitute securities under federal securities laws.[1] However, the Division’s guidance, which does not bind the Commission, was met with swift opposition from Commissioner Caroline A. Crenshaw, who criticized the guidance as “an incomplete, unsupported view of the law” and warned that it suggests, without sufficient legal basis, that an entire category of assets falls outside the SEC’s jurisdiction.[2]
Alerts
On Feb. 17, 2025, a judge of the US District Court for the Eastern District of Texas stayed the only remaining nationwide preliminary injunction enjoining enforcement of the Corporate Transparency Act (“CTA”) and staying implementation of the reporting requirements (“Reporting Rule”).[1] Accordingly, the Reporting Rule’s beneficial ownership information report (“BOI Report”) filing obligations are reinstated.[2] The US Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) subsequently issued guidance making clear that reporting is now mandatory (rather than voluntary) for reporting companies but extended the BOI Report filing deadlines as follows[3]:
Alerts
On Feb. 11, 2025, the staff of the Division of Corporation Finance at the Securities and Exchange Commission published revisions to existing Securities and Exchange Act Sections 13(d) and 13(g) and Regulation 13D-G Compliance and Disclosure Interpretation (C&DI) Question 103.11 and published new Question 103.12 regarding how engagement with issuers may affect a beneficial owner’s active/passive status.[1]
