This week, the Philadelphia Alliance for Capital and Technologies (PACT) is putting on its Mid-Atlantic Capital Conference. Troutman Pepper is a longtime supporter of this conference and we are very excited about this event. First, some of our best clients are emerging growth companies, so we are fully dedicated to this space. Many of our clients have presented at this conference over the years and received funding, and we hope that trend will continue this year. We have also been lucky to represent many venture capital and growth equity investors and have been able to contribute to their successes as well. This year we are especially excited as we are serving as the host sponsor to this terrific event that brings the startup business community together. The matchmaking of emerging and growth companies with investors, along with other crucial networking of the business community, generates opportunities for many.
While it is no secret that we have been in an economic downturn, there are some signs that deal activity is picking up (although sometimes with lower valuations, different terms, and longer diligence processes). And while some may look at the glass as half-empty, we have been in this space long enough to know that some of the best companies are forged, and some of the best investments are made, in this type of economic environment. Emerging companies, which stay smart and nimble, will find themselves with less competition and more access to top talent. And investors who stay smart, optimistic, and diligent, will find some terrific companies ready to emerge. Just like in the wake of the dot-com bust and then the Great Recession, we believe a fresh wave of innovative and high-performing companies will emerge in this next cycle.
We are feeling this momentum and optimism as members of our Emerging Company + Venture Capital group participate in events like this around the U.S., including the recent Startup Boston Week and Venture Atlanta 2023, and the upcoming ATDC Fall Venture Showcase.
Therefore, we are very excited to see many of you at PACT’s Mid-Atlantic Capital Conference this week. Please stop by to see us at PACT Fest on Wednesday night (November 8) and at the conference on Thursday (November 9) if you are attending.
About Troutman Pepper SEED
Clients accepted into our SEED program are provided with an experienced, multidisciplinary legal team. For a nominal entry fee, our unique, deeply discounted program includes a full suite of essential legal documents, effective legal counseling, and mentoring in areas such as board development and management, business plan review, and investor relations.
Our SEED clients are also introduced to our network of angel investors, seed funds, venture capital funds, and other contacts who can help you tell your story to the world.
For more information, visit https://seed.troutman.com/.
FROM LEFT: Carson Cox, Sean Dutton, Misha Tseytlin, David DePippo, Jim Rudisill, Timothy McHugh, Abbey Thornhill, Kevin LeRoy, and Trey Smith.
WASHINGTON – The nation’s highest court will now decide whether millions of veterans are eligible to receive expanded educational benefits as oral arguments in Rudisill v. McDonough concluded today. The case was brought by FBI Special Agent James R. Rudisill, a decorated U.S. Army veteran, against the Secretary of Veterans Affairs (VA) and seeks to resolve how many months of educational benefits a veteran is entitled to under two different GI Bills.
Eight years ago, Timothy McHugh, of Troutman Pepper, and David DePippo, of Dominion Energy, began representing Mr. Rudisill pro bono. Now before the U.S. Supreme Court, Troutman Pepper attorneys Misha Tseytlin, Kevin LeRoy, Abbey Thornhill, Trey Smith, Sean Dutton, and Carson Cox, among others, joined the team to support Mr. Rudisill’s, and many other veterans’ cause.
“It was an honor to argue this case, which is deeply important to many of the country’s long-serving military veterans, just a few days before Veterans Day,” said Tseytlin, who argued the case before the Supreme Court.
“Our team has never wavered in our commitment to ensure the VA follows the law and provides veterans with the educational benefits that Congress intended they receive,” said DePippo, who is a U.S. Coast Guard veteran.
“Today’s arguments were a culmination of a long, hard-fought, eight-year battle. We could not be prouder of Jim for first raising his hand when he saw something wrong here, trusting us to help him, and for seeing the case through,” added McHugh, who is a U.S. Army veteran.
Rudisill v. McDonough centers on the VA’s interpretation of certain administrative provisions of the Post-9/11 GI Bill that Congress enacted in 2008 to provide “enhanced educational benefits” far more generous than the then-prevailing peacetime Montgomery GI Bill. Congress passed the bill in recognition of the “especially arduous” wartime service required of veterans since the September 11, 2001, terrorist attacks.
“It was important for me to see this case through to the very end because I did not want to give up on obtaining the benefits I earned, and making sure the same is true for all my fellow veterans. We deserve what was promised,” Mr. Rudisill said. “I am grateful to my pro bono legal team who has been by my side every step of the way.”
The Court is expected to decide the case by its summer recess next year. If Troutman Pepper and Dominion Energy prevail, Mr. Rudisill and approximately 1.7 million (and counting) post-9/11 veterans could be eligible to receive expanded education benefits valued at potentially billions of dollars.
About Troutman Pepper
Troutman Pepper is a national law firm with more than 1,200 attorneys strategically located in 23 U.S. cities. The firm’s litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. The firm provides sophisticated legal solutions to clients’ most pressing business challenges, with depth across industry sectors, including energy, financial services, health sciences, insurance, and private equity, among others. Learn more at troutman.com.
About Dominion Energy
About 7 million customers in 15 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to providing reliable, affordable, and increasingly clean energy every day and to achieving Net Zero emissions by 2050. Please visit DominionEnergy.com to learn more.
BETHESDA, MD – Troutman Pepper served as legal counsel to its client Hull Street Energy, a private equity firm that specializes in deploying capital into the power sector as it decarbonizes, in two recent matters. The firm counseled Hull Street Energy in its strategic investment in Greenskies Clean Focus, and served as legal counsel in the private equity firm’s definitive agreement to acquire 100% of EF Oxnard, LLC from an affiliate of Atlantic Power & Utilities.
Strategic Investment in Greenskies Clean Focus
Founded in 2009, Greenskies Clean Focus is a vertically integrated company that develops, constructs, finances, owns, and operates distributed renewable generation projects throughout the United States. Greenskies has one of the largest C&I portfolios in the US, with projects ranging from 200KW to 20MW.
Troutman Pepper attorneys Andy Schifrin, Clayton De Arment, Steven Khadavi, Anne Loomis, Sarah Pylant, Daniel Anziska, Thomas Gray, John Leonti, Paul Porretta, Corey Neal, Jessica Rothenberg, Randy Varner, Alejandra Aponte, Sarina Fritz, Nickolas Guttman, Steve Kim, Russell Kooistra, Olivia Mao, McKenzie McAdams, and Sasha Robertson, advised Hull Street Energy in the deal.
Acquisition of California Natural Gas-Fired Power Plant
Located in Oxnard, California, EF Oxnard is a 48 MW simple cycle, gas-fired power plant. The transaction is expected to close in Q4 of 2023. Upon closing this transaction, Hull Street Energy affiliates will own approximately 2,350 MW of critical gas-fired and dual-fueled generation capacity to support grid operations throughout the United States.
Attorneys Andy Schifrin, Wallace Bao, Steven Khadavi, Clayton De Arment, Sarah Pylant, Nickolas Guttman, Russell Kooistra, Víctor Noriega, and Matthew Sides counseled Hull Street Energy in the agreement.
Troutman Pepper’s nationally recognized Capital Projects and Infrastructure Practice Group facilitates projects for investors, utilities, sponsors, private investment funds, lenders, developers, and other stakeholders. The firm’s corporate attorneys regularly handle multimillion- and multibillion-dollar transactions. Core areas of service include capital markets transactions and other significant domestic and cross-border transactions, mergers and acquisitions, corporate governance, securities laws compliance, and corporate finance.
The firm is known nationally for its work in the energy industry and the rapidly evolving renewable energy industry. In 2020 and 2023, Troutman Pepper was named “Law Firm of the Year” by U.S. News – Best Lawyers “Best Law Firms” for its work in energy law. The firm’s renewable energy practice has won national recognition in Chambers USA, among other industry authorities.
About Troutman Pepper
Troutman Pepper is a national law firm with more than 1,200 attorneys strategically located in 23 U.S. cities. The firm’s litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. The firm provides sophisticated legal solutions to clients’ most pressing business challenges, with depth across industry sectors, including energy, financial services, health sciences, insurance, and private equity, among others. Learn more at troutman.com.
PHILADELPHIA – A division of Troutman Pepper client M.M. Hayes Company, Inc., Quickcharge, a dining and retail technology platform for K-12, health care, corporate, and government campuses, has been acquired by Transact Campus, Inc., a leader in innovative campus technology and payment solutions. Read a company announcement about the transaction here.
Quickcharge has consistently demonstrated its value by offering comprehensive solutions including cashless payments and transactions via point of sale (POS), kiosk and mobile ordering to more than 575 clients. Incorporating Quickcharge’s diverse offerings and talented team strengthens Transact’s ability to grow its campus software solution offerings and reinforces the company’s position as the leading provider of software and mobile solutions to campus environments.
The Troutman Pepper team that advised M.M. Hayes Company in the complex carve-out of Quickcharge was led by Partners Bruce K. Fenton and Joe Kadlec and included Ethan Zook, Carmen Williams, and David Wormser (corporate), Howard Goldberg (tax), Michael Crumbock (benefits), Stefanie Brennan (real estate), Brent Hoard (Privacy & Cyber), and Susan Lessack (labor and employment). Hennepin Partners served as Quickcharge’s exclusive financial advisor.
Consistently recognized as a top-tier national practice, Troutman Pepper’s corporate attorneys regularly handle multimillion- and multibillion-dollar transactions. Core areas of service include capital markets transactions and other significant domestic and cross-border transactions, mergers and acquisitions, corporate governance, securities laws compliance, and corporate finance. The firm has particular expertise in the private equity and private fund services space, advising clients on matters from fund formation to investments and exit transactions.
About Troutman Pepper
Troutman Pepper is a national law firm with more than 1,200 attorneys strategically located in 23 U.S. cities. The firm’s litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. The firm provides sophisticated legal solutions to clients’ most pressing business challenges, with depth across industry sectors, including energy, financial services, health sciences, insurance, and private equity, among others. Learn more at troutman.com.
DETROIT – Matthew J. Lund, a partner in Troutman Pepper’s Business Litigation Practice Group was recently named to Michigan Lawyers Weekly’s Class of 2023 “Leaders in the Law”. The program is dedicated to saluting Michigan lawyers who are setting the standard for other attorneys.
Those recognized as “Leaders in the Law” have made outstanding contributions to the practice of law in Michigan. Honorees have shown tremendous leadership and offer a wealth of expertise in diverse areas of the law.
At Troutman Pepper, Lund’s practice principally focuses on prosecuting and defending business disputes across various industry groups, representation of officers and directors, and environmental litigation. Lund utilizes his broad litigation and trial experience, along with his commitment to public interest to handle diverse complex civil litigation matters, including federal securities disputes, high-value contract and business tort claims, as well as federal CERCLA and state law environmental matters.
Troutman Pepper’s Business Litigation Practice Group is nationally recognized for its work defending and prosecuting high-stakes commercial matters in federal, state, trial, and appellate courts throughout the country. Attorneys are experienced in litigating complex multidistrict cases, class actions, and single-case litigations and represent a diverse array of clients from mid-market companies to Fortune 500 leaders.
Those recognized as “Leaders in the Law” will be profiled in a special section of the Michigan Lawyers Weekly on December 18.
About Troutman Pepper
Troutman Pepper is a national law firm with more than 1,200 attorneys strategically located in 23 U.S. cities. The firm’s litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. The firm provides sophisticated legal solutions to clients’ most pressing business challenges, with depth across industry sectors, including energy, financial services, health sciences, insurance, and private equity, among others. Learn more at troutman.com.
NEW YORK – Troutman Pepper ranked in 43 national practice areas and 205 metropolitan practice areas in the 14th edition of Best Law Firms®.
Rankings are based on a rigorous evaluation process that includes the collection of client and lawyer evaluations, peer review from leading attorneys in the field, and review of additional information provided by law firms as part of the formal submission process.
To be eligible for a 2024 ranking, a law firm must have at least one lawyer recognized in the 2024 edition of The Best Lawyers in America® for that location and specialty.
Troutman Pepper’s national rankings are noted below. View all firm rankings online here.
National Tier 1
Banking and Finance Law
Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
Commercial Litigation
Construction Law
Copyright Law
Corporate Law
Employee Benefits (ERISA) Law
Employment Law – Management
Energy Law
Environmental Law
Financial Services Regulation Law
Insurance Law
Land Use & Zoning Law
Litigation – Banking & Finance
Litigation – Bankruptcy
Litigation – Construction
Litigation – Environmental
Litigation – First Amendment
Litigation – Intellectual Property
Litigation – Labor & Employment
Litigation – Patent
Mergers & Acquisitions Law
Patent Law
Real Estate Law
Securities / Capital Markets Law
Securities Regulation
Tax Law
Trademark Law
National Tier 2
Advertising Law
Appellate Practice
Criminal Defense: White-Collar
Labor Law – Management
Litigation – Antitrust
Litigation – Mergers & Acquisitions
Litigation – Securities
Media Law
Securitization and Structured Finance Law
Trusts & Estates Law
National Tier 3
Antitrust Law
Health Care Law
Mass Tort Litigation / Class Actions – Defendants
Oil & Gas Law
Public Finance Law
About Troutman Pepper
Troutman Pepper is a national law firm with more than 1,200 attorneys strategically located in 23 U.S. cities. The firm’s litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. The firm provides sophisticated legal solutions to clients’ most pressing business challenges, with depth across industry sectors, including energy, financial services, health sciences, insurance, and private equity, among others. Learn more at troutman.com.
PHILADELPHIA – Troutman Pepper client AMETEK, INC., a leading global manufacturer of electronic instruments and electromechanical devices, recently announced that it has entered into a definitive agreement to acquire Paragon Medical, a provider of engineered medical components and instruments, from affiliates of American Securities LLC in an all-cash transaction valued at about $1.9 billion. Read a company press release about the acquisition.
Paragon Medical serves a wide range of specialty applications including orthopedics, minimally invasive surgery, robotic surgery, and drug delivery. Paragon’s product portfolio includes single-use and consumable surgical instruments and implantable components sold to a diverse blue-chip customer base of leading medical device manufacturers.
A multidisciplinary team advising AMETEK was led by Deborah Spranger and Erica Wilson, and included Courtney Goins, Chelsea MacArthur, Joan Arnold, Barbara Sicalides, Michael Crumbock, Brianna Hourihan, Stefanie Brennan, Gregory Narsh, Jessica Rothenberg, Deborah Enea, Mike Jones, Judy O’Grady, Erin Whaley, Kevin Miserez, Brent Hoard, Mitch Carnes, Nina Dhillon, Emily Harmon Newcomer, Julian Weiss, Maria Kennison, Bella Roman, and Dawn Hall.
Consistently recognized as a top-tier national practice, Troutman Pepper’s corporate attorneys regularly handle multimillion- and multibillion-dollar transactions. Core areas of service include domestic and cross-border mergers and acquisitions, capital markets transactions, corporate governance, securities laws compliance, and corporate finance. The firm has particular expertise in the private equity and private fund services space, advising clients on matters from fund formation to investments and exit transactions.
About Troutman Pepper
Troutman Pepper is a national law firm with more than 1,200 attorneys strategically located in 23 U.S. cities. The firm’s litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. The firm provides sophisticated legal solutions to clients’ most pressing business challenges, with depth across industry sectors, including energy, financial services, health sciences, insurance, and private equity, among others. Learn more at troutman.com.
NEW YORK – Troutman Pepper has been shortlisted for the Financial Times’ “Most Digital Law Firm” award, which recognizes firms for their achievements in the areas of data and technology. The shortlist was chosen based on firms’ responses to a Financial Times survey as well as market research. In total, the firm has been shortlisted for five 2023 Financial Times Innovative Lawyers Awards North America.
As previously reported, the firm also is up for recognition in the Innovative Lawyers in Energy Transition, Innovative Lawyers in Cyber Security & Data Protection, Change Maker, and Innovation in Digital Solutions categories. The awards, now in their 13th year, showcase the top law firms and in‐house legal teams driving innovation in the North American legal sector.
The Innovative Lawyers North America 2023 rankings report is developed by the Financial Times in partnership with RSGI. Winners are selected following a nomination cycle and extensive research that includes telephone interviews, questionnaires, and reviews. Market experts also assess the submissions and the research.
Winners will be announced at the Innovative Lawyers Awards North America Dec. 4 event at Gotham Hall in New York.
About Troutman Pepper
Troutman Pepper is a national law firm with more than 1,200 attorneys strategically located in 23 U.S. cities. The firm’s litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. The firm provides sophisticated legal solutions to clients’ most pressing business challenges, with depth across industry sectors, including energy, financial services, health sciences, insurance, and private equity, among others. Learn more at troutman.com.
Client: Organic Capital Fund, LLC (OCF)
The Troutman Pepper Legal Team: Troutman Pepper’s top-ranked Environmental and Natural Resources Practice Group has a reputation for developing creative solutions to complex environmental problems. Our dedicated Contaminated Sites + Waste Management team has routinely helped clients avail themselves of the liability protections and incentives offered pursuant to Georgia EPDs Brownfields and voluntary cleanup programs.
The Challenge: Troutman Pepper represented OCF in the acquisition of approximately 7,800 acres of land from Bayer CropScience in Woodbine, Camden County, Georgia. The land was previously used for various industrial purposes. As part of the acquisition, OCF agreed to bring the property into compliance with applicable environmental laws for non-residential property. As a mechanism to achieve environmental compliance, OCF would investigate and remediate 887 acres (upland) of the site.
The Response: Troutman Pepper worked closely with Leonard Diprima of United Consulting, the technical experts advising OCF on appropriate sampling and remediation and interfacing with Georgia’s Environmental Protection Division, to develop an environmental strategy to assess and achieve environmental compliance for the property. A key piece of this strategy was to enroll approximately 887 acres into the Georgia EPD Brownfields Program.
The Georgia Brownfield Program provides a prospective purchaser liability protection from lawsuits arising from prior environmental impacts at the site. In exchange for liability protection, the prospective purchaser must investigate soil and groundwater and remediate soil to meet the state’s risk reduction standards.
The Result: On September 8, 2023, the Georgia Environmental Protection Branch issued the final Brownfield Limitation of Liability, noting the site’s compliance with non-residential soil risk reduction standards. David Cole, VP NAI Brannen Goddard, will now be managing the marketing of the sale of the property for redevelopment.
About Troutman Pepper
Troutman Pepper is a national law firm with more than 1,200 attorneys strategically located in 23 U.S. cities. The firm’s litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. The firm provides sophisticated legal solutions to clients’ most pressing business challenges, with depth across industry sectors, including energy, financial services, health sciences, insurance, and private equity, among others. Learn more at troutman.com.
NEW YORK – Troutman Pepper has been named a Top Performer and Compass Award winner by the Leadership Council on Legal Diversity (LCLD), which recognizes law firms and companies that show a strong commitment to building a more inclusive legal profession.
The Top Performer award recognizes those organizations in the top 20% for participation in LCLD programs and activities.
The Compass Award recognizes those individuals and organizations that fulfill all the following requirements in a single calendar year:
- Member (Managing Partner/General Counsel) engagement with LCLD;
- Nominate an LCLD Fellow;
- Nominate an LCLD Pathfinder;
- Participate in an LCLD Pipeline program (the 1L Scholars Program or the Success in Law School Mentoring Program).
LCLD comprises more than 450 corporate chief legal officers and law firm managing partners who have dedicated themselves to creating a more equitable and diverse legal profession.
Since the organization’s inception in 2009, Troutman Pepper has participated in several LCLD programs, including its Fellows, Alumni, Pathfinders, and 1L Scholars programs. The firm also serves as the city-lead for Philadelphia area law schools as part of LCLD’s Success in Law School Mentoring Program, which pairs practicing attorneys from LCLD member organizations with first-year law students from diverse backgrounds to serve as mentors.
Diversity, equity, and inclusion (DEI) are among Troutman Pepper’s core values and are fundamental to the firm’s culture. The firm recently achieved Diversity Lab’s Mansfield Certification Plus for the sixth consecutive year.
About Troutman Pepper
Troutman Pepper is a national law firm with more than 1,200 attorneys strategically located in 23 U.S. cities. The firm’s litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. The firm provides sophisticated legal solutions to clients’ most pressing business challenges, with depth across industry sectors, including energy, financial services, health sciences, insurance, and private equity, among others. Learn more at troutman.com.