RICHMOND, Va. – Troutman Pepper client Burke & Herbert Financial Services Corp. and Summit Financial Group Inc. recently announced they have entered into a definitive agreement under which Summit will merge with and into Burke & Herbert in an all-stock merger of equals. Read a company press release about the transaction.
At a Brookings Institution event on June 20, Assistant Attorney General Jonathan Kanter, a top antitrust official for the U.S. Justice Department (DOJ or Department), announced that the Department will reassess its approach to bank merger enforcement given current market realities. Specifically, the Department will assess whether the factual and economic assumptions underlying its 1995 Bank Merger Guidelines are adequate to measure today’s competition.
Firm Lands 58 Practice Area and 144 Attorney Recognitions in Latest Guide
Troutman Pepper, a national law firm with more than 1,200 attorneys in 23 strategically located cities across the United States, achieved 58 national and statewide practice area rankings in the latest edition of Chambers USA.
This year’s guide also recognized 135 firm attorneys
Troutman Pepper earned 17 nationwide practice rankings in The Legal 500 United States 2023, an independent ranking authority of law firms around the world.
The Troutman Pepper finance practices was ranked in the following nationwide areas:
Notably, this year Troutman Pepper also earned
Troutman Pepper is pleased to share our next video in Winning the Game of Distressed M&A: The Playbook, our series that provides actionable insights and tips from the trenches of middle-market distressed M&A.
Cost saving measures may be available for distressed companies with tax-qualified defined contribution plans. In this video, Troutman Pepper Partner Paul Porretta highlights those occasions, as well as related fiduciary concerns.
On May 3, the U.S. Securities and Exchange Commission (SEC) adopted significant amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds.[1] The final amendments will require (1) new “quarterly event” reporting for all private equity fund advisers (PE Fund Advisers, defined as investment advisers having at least $150 million in private equity fund assets under management) regarding certain events; (2) expanded reporting for “large private equity fund advisers” (Large PE Fund Advisers, defined as investment advisers having at least $2 billion in private equity fund assets under management); and (3) new “current” reporting for “large hedge fund advisers” (Large HF Advisers, defined as investment adviser having at least $1.5 billion in hedge fund assets under management).