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Practical Solutions

Katten Represents POWER Engineers, Incorporated in Sale to WSP Global Inc.

On August 12, Katten client POWER Engineers, Incorporated announced the execution of a definitive merger agreement pursuant to which it will be acquired by WSP Global Inc., a premier global professional consulting firm, for $1.78 billion.

SCOTUS Spotlight: Navigating Recent Supreme Court Decisions

The SCOTUS Spotlight aims to keep you informed of the latest US Supreme Court rulings and their far-reaching effects on law, policy and society. This resource center offers in-depth analysis, comprehensive commentary and summaries of recent decisions, making complex legal rulings more understandable and accessible.

UK M&A Transactions: Key Considerations for US Buyers

As the global M&A landscape evolves, the UK market remains a beacon for robust investment potential. In our article published by The Texas Lawbook, Partners Edward Tran and Mark Solomon delve into the critical aspects US investors need to consider when eyeing UK acquisitions.

Artists Sue SEC, Challenging Agency's Authority Over Digital Art and NFTs

Financial Markets and Funds Senior Counsel Gary DeWaal and Associate Alexander Kim analyze a lawsuit against the SEC filed by two artists contesting the agency's assertion of authority over non-fungible tokens (NFTs). The artists are seeking declaratory judgments that their planned NFT projects do not constitute securities offerings.

FinCEN Proposes Enhanced AML Rules

Financial Markets and Funds Partner Susan Light and Associate Eli Krasnow examine the Financial Crimes Enforcement Network's (FinCEN) proposed rule (the Proposal) to strengthen and modernize financial institutions' anti-money laundering and countering the financing of terrorism (AML/CFT) programs under a part of the Anti-Money Laundering Act of 2020.

Will Texas Stock Exchange Provide Regulatory Haven?

Published by Law360, Capital Markets Partner Elizabeth McNichol and Associate Ryan Lilley examine details surrounding the Texas Stock Exchange's intention to apply to register with the SEC as a national securities exchange, as well as TXSE's strategy and the intricate regulatory landscape that it will have to navigate as a new exchange.

New Colorado AI Act Targeting 'Algorithmic Discrimination' Provides AI Compliance Lessons

Michael Justus, partner and head of Katten's AI Working Group, examines the requirements of the Colorado AI Act if they use AI tools to make "consequential" decisions about Colorado consumers' education, employment, financial or lending services, essential government services, health care, housing, insurance or legal services. The new law goes into effect February 1, 2026.

Creative Thinkers

Katten Attorneys Lauded in 2025 Best Lawyers in America and Best Lawyers: Ones to Watch

The 2025 editions of The Best Lawyers in America and Best Lawyers: Ones to Watch named 180 Katten attorneys, identified by their peers in a wide range of practice areas.

Obstacles to the FTC's Noncompetition Rule Greater Following Supreme Court Ruling

Published by Agenda, a recent article by Mark Ciani, Janella Gholian and Sravya Vallapureddy provides analysis of the FTC's challenges in the wake of a groundbreaking Supreme Court ruling that overturned the Chevron doctrine, potentially having direct consequences for the FTC's efforts to ban noncompete clauses.

Managing Intellectual Property Honors Katten in 2024 Copyright Rankings

Managing Intellectual Property released its 2024 copyright rankings, recognizing Katten with a "United States (National)" ranking. This is the first time our firm has received this accolade for its exemplary achievements from attorneys across our New York, Chicago and Los Angeles offices in copyright law.

Michael Justus Quoted by Law360 on AI Copyright Case to Watch in the Second Half of 2024

Intellectual Property Partner and head of Katten's Artificial Intelligence (AI) Working Group Michael Justus was quoted in a Law360 article highlighting key copyright cases to watch for the rest of 2024, including notable disputes related to AI such as Thomson Reuters Enterprise Centre GmbH et al. v. ROSS Intelligence Inc.

DOJ Details Its Bounty Program as New Corporate Whistleblower Program Rolls Out

The Department of Justice has officially detailed its anticipated Corporate Whistleblower Awards Pilot Program, marking a significant corporate accountability and compliance development. Litigation Partner Ryan Meyer and Associate Ryan Dean share their thoughts on DOJ’s four key areas of focus and what it means for corporations.

Navigating Break Clauses in Commercial Leases: How to Avoid Breaking Bad

Break clauses are typically included in commercial leases to allow the tenant or landlord (and occasionally both) to terminate the lease prior to the natural end of its contractual term. Senior Associate Rhodri Preece explains why adherence to any conditions and notice requirements for the break is paramount, as the Courts of England and Wales take a strict interpretation against failure to comply.

Marc Roitman Named 2024 Emerging Leader by The M&A Advisor

Katten Insolvency and Restructuring Partner Marc Roitman was selected for The M&A Advisor's 15th Annual Emerging Leaders Awards, which honor professionals under the age of 40 who have made significant contributions to the fields of restructuring, mergers and acquisitions, and corporate finance, while demonstrating unwavering dedication to their profession and to charitable causes.

Inclusive Approach

Katten Hosts Soccer Legend Abby Wambach in Honor of Pride Month

Katten celebrated Pride Month with a special event featuring FIFA Women's World Cup Champion and two-time Olympic gold medalist Abby Wambach. The firm hosted Wambach as part of Katten's Perspectives Speaker Series, a program designed to increase cultural awareness, broaden perspectives and inspire dialogue across the firm community on topics ranging from race, history and legislation to inclusive best practices.

Katten Hosts DEI Event in Observance of Juneteenth

In observance of Juneteenth, Katten held a DEI event, "Beyond Backlash: Charting the Next Frontier of Inclusion." Counsel Tracie Bedeaux moderated the program, which featured several business leaders who shared innovative strategies they are using to continue advancing important DEI initiatives.

Katten DEI: Weaving Together a Rich Tapestry of Diverse Identities

Katten's 2024 Diversity Equity and Inclusion Report, aptly themed "Interwoven," is a testament to the rich tapestry of diverse identities that enrich our community. The stories in these pages show the many ways Katten is deeply committed to DEI and how we are actively striving to create an inclusive work environment where everyone's identity is welcomed and celebrated.

Leigh Brissenden and Matthew Hartzler Recognized as NIJC 'Rising Stars'

The National Immigrant Justice Center is celebrating Associates Leigh Brissenden and Matt Hartzler as 2024 Rising Stars, which recognizes attorneys who have demonstrated "extraordinary commitment to ensuring access to justice for immigrants."

Katten Again Recognized for Seeking Greater Diversity and Inclusion

For the third consecutive year, Katten has been designated a Mansfield Certified Plus firm, signaling its continued commitment to diversify law firm leadership and foster a culture of belonging.

Diversity is a reality. Inclusion is a choice.

We choose inclusion.

We are committed to having the brightest lawyers on our team, and we recognize that the best talent is diverse in many ways, including gender, race, sexual orientation, national origin, and ability.

Recognizing that our attorneys are at the heart of our business

If you're seeking to join a firm where you can enjoy exceptional career opportunities, as well as the resources to help you take your personal and professional goals to the next level, take a closer look at Katten.

Case Studies

Four Deals in One: Buyer Group Acquires Majority Stake in Charlotte Hornets

Sports and Sports Facilities Partner Daniel H. Render led a Katten team in representing the new majority owners of the Charlotte Hornets in their acquisition of a controlling interest in the team from basketball superstar Michael Jordan. The complex, high-value, high-stakes transaction meant the end of Jordan's 13-year majority ownership of the team.

The buyer group was led by Gabe Plotkin, a hedge fund founder and manager, and Rick Schnall, a private equity firm president, and included rapper J. Cole and country music artist Eric Church, as well as Dan Sundheim, Chris Shumway, Ian Loring, Dyal HomeCourt Partners, Andrew Schwartzberg and local Charlotte-based investors Amy Dawson and Damian Mills.

Pinstripes Bowls Onto National Experiential Dining Scene With NYSE Debut

In June of 2023, Northbrook, Illinois-based Pinstripes Inc., which at the time had 13 locations in eight states and Washington, DC, announced plans to go public with a large-scale expansion of its experiential dining and entertainment brand combining bistro, bowling, bocce and private event space. As part of its growth strategy, Pinstripes is filling holes left by disappearing big-box shopping mall anchors, revitalizing retail spaces with its brand of dining and entertainment and hosting events that range from company outings and birthday parties to weddings.

Tapped by Partner Christopher Atkinson, Co-Chair of Katten's Mergers & Acquisitions and Private Equity Practice, Capital Markets Partner Mark Wood led the legal team that helped Pinstripes go public through a merger with special purpose acquisition company (SPAC) Banyan Acquisition Corporation (Banyan). The deal, which closed at the end of 2023, valued Pinstripes at approximately $380 million, based upon a value of $10 ascribed to each SPAC share. The transaction included an equity investment of over $20 million directly in Pinstripes by Middleton Partners, a Chicago-based investment firm, and a debt investment of $50 million in the combined company by Oaktree Capital Management. The deal closed on schedule, with Pinstripes' common stock commencing trading on the New York Stock Exchange (NYSE) on January 2, 2024.

First Independent Swap Data Repository Is Granted CFTC Registration

Financial Markets and Funds attorneys Carl Kennedy, James Brady, and Gary DeWaal led the team successfully guiding KOR — a trade data processing and management platform for derivatives markets — in its registration application with the Commodity Futures Trading Commission (CFTC).

The approval marked several firsts, the first registration for an independent and cloud-native swap data repository (SDR); the CFTC's first SDR registered in eight years; and the first SDR registration approval by the CFTC since the agency amended its SDR rules in 2020. The registration enabled KOR to provide full SDR service for all asset classes and client segments.

KOR claims it has created a uniquely modern, user friendly approach to complying with reporting obligations.

Marathon Music Royalties Dispute Ends in Estate Victory

Zia F. Modabber, Managing Partner of Katten’s California offices and leader of Katten’s Entertainment and Media Litigation practice, Partner Tami Kameda Sims and Associate Leah E.A. Solomon, along with co-counsel at Kinsella Weitzman and Greines Martin, successfully represented Michael Jackson’s Estate in a seven-year long dispute over royalties from Jackson’s albums Off The Wall, Thriller, and Bad.