Firm News
SRZ Represents JANA Partners in Cooperation Agreement with Board of Mercury Systems, Inc.
June 24, 2022
Schulte Roth & Zabel LLP represented JANA Partners in its agreement with Mercury Systems, Inc. which saw Mercury Systems Inc. add new independent directors to its Board of Directors. JANA owns more than 5% of the common stock in Mercury Systems Inc., a leader in trusted, secure mission-critical technologies for aerospace and defense.
The Schulte team advising JANA Partners was led by partner Ele Klein, chair of the firm’s M&A and Securities Group and co-chair of its global Shareholder Activism Group and included associates Sean Brownridge, Danny Goldstein and Abraham Schwartz.
Read the article in The Deal here.
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Alerts
On Feb. 16, 2024, the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the United States Department of the Treasury (“Treasury”), issued a notice of proposed rulemaking (“Proposed Rule”)[1] continuing the process of implementing regulations to combat illicit finance risks posed by abuse by some in the real estate market. The Proposed Rule would require certain persons involved in residential real estate closings and settlements to submit reports (“Real Estate Reports”) and keep accurate records of certain non-financed transfers of US residential real property. The reasoning behind the Proposed Rule is explained extensively in FinCEN’s December 2021 Anti-Money Laundering Regulations for Real Estate Transactions Advanced Notice of Proposed Rulemaking, which discusses “the opacity of shell companies or other legal entity structures to mask true beneficial ownership of a property and their involvement in real estate transactions.”[2]
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