Businesses
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McGuireWoods Advises Falfurrias Management Partners in Formation of $1.35 Billion
RICHMOND, Virginia, March 29 -- McGuireWoods, a law firm, issued the following news release:
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McGuireWoods Advises Falfurrias Management Partners in Formation of $1.35 Billion
McGuireWoods advised Falfurrias Management Partners in the formation of its latest oversubscribed middle-market private equity fund, Falfurrias Capital Partners VI, which closed with $1.35 billion in investor commitments.
McGuireWoods, longtime legal adviser to Falfurrias, served as counsel in the organization and offering of interests in the fund. Partners Richard Starling and Christopher Nesbit led the McGuireWoods
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RICHMOND, Virginia, March 29 -- McGuireWoods, a law firm, issued the following news release:
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McGuireWoods Advises Falfurrias Management Partners in Formation of $1.35 Billion
McGuireWoods advised Falfurrias Management Partners in the formation of its latest oversubscribed middle-market private equity fund, Falfurrias Capital Partners VI, which closed with $1.35 billion in investor commitments.
McGuireWoods, longtime legal adviser to Falfurrias, served as counsel in the organization and offering of interests in the fund. Partners Richard Starling and Christopher Nesbit led the McGuireWoodsteam representing Falfurrias, with assistance from associates Daniel Cote and Katherine Carter.
"We were pleased to assist Falfurrias in the formation and successful closing of its sixth middle-market private equity fund and we look forward to continuing our relationship with a valued client," Nesbit said.
Based in Charlotte, North Carolina, Falfurrias has raised $3.6 billion across seven funds, including a dedicated growth buyout fund, since its inception in 2006. The firm invests in growing middle-market businesses in the government and business services, food manufacturing and industrial technology sectors.
McGuireWoods' Fund Formation & Investment Management Practice Group serves emerging managers, U.S. and international fund sponsors and institutional investors. The firm consistently ranks among the leading legal advisers for U.S. M&A deals. McGuireWoods' M&A and private equity capabilities have earned nationwide recognition from Chambers USA and The Legal 500.
Media Contact
Michael C. Sluss
msluss@mcguirewoods.com
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Original text and links presented by source here: https://www.mcguirewoods.com/news/press-releases/2025/3/mcguirewoods-advises-falfurrias-management-partners-in-formation-of-1-35-billion/
[Category: BizLaw/Legal]
Making Class Action History: Dentons Trial Lawyers Joel Siegel and Ron Kent Secure Total Victory in Certified Class Action Tried to Los Angeles Jury After Month-Long Trial
WASHINGTON, March 29 -- Dentons, a law firm, issued the following news:
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Making class action history: Dentons trial lawyers Joel Siegel and Ron Kent secure total victory in certified class action tried to Los Angeles jury after month-long trial
After less than 90 minutes deliberating, Dentons' Trial Team achieved a resounding and complete trial victory for longtime clients First American Title Insurance Co. and First American Title Co., following a month-long, high-stakes jury trial in the Los Angeles Superior Court. This monumental win by the Dentons Los Angeles Commercial Litigation Team,
... Show Full Article
WASHINGTON, March 29 -- Dentons, a law firm, issued the following news:
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Making class action history: Dentons trial lawyers Joel Siegel and Ron Kent secure total victory in certified class action tried to Los Angeles jury after month-long trial
After less than 90 minutes deliberating, Dentons' Trial Team achieved a resounding and complete trial victory for longtime clients First American Title Insurance Co. and First American Title Co., following a month-long, high-stakes jury trial in the Los Angeles Superior Court. This monumental win by the Dentons Los Angeles Commercial Litigation Team,led by Joel Siegel and Ron Kent, with help from a multi-office and multi-talented team of trial attorneys including Kristen Rodriguez, Uchenna Ekuma-Nkama, Andrew Gerson and Dominick Jaffe, brought to a triumphant close the lead case in a legal battle that had spanned two decades.
This landmark victory serves as a powerful reminder of why companies facing class actions have a choice to stand firm and prepare and take their cases to trial. In a legal landscape where many companies settle facing even the threat of class actions, First American's decision to defend itself before a jury is remarkable--and demonstrated the tremendous culture of the company and its people. The result was a decisive and hard-earned win that not only upheld the company's position but sent a resounding message: with the right legal representation, perseverance, and strategic strength, a jury trial victory is not only achievable, but a triumph worth pursuing. For any company in a similar situation, this case is a clear and compelling endorsement of not shying away from a jury.
This case was a class action alleging fraud and negligent representation in connection with title insurance policies purchased by over 300,000 Californians. The case has been pending for almost two decades due in part to the Plaintiff filing four Amended Complaints to bring change their claims at various points of the case, in addition to appellate review before the California Court of Appeals.
Given the high stakes and complexities often involved, class action trials are incredibly rare, let alone before a jury. Congratulations to our lawyers and our clients.
About Dentons
Across over 80 countries, Dentons helps you grow, protect, operate and finance your organization by providing uniquely global and deeply local legal solutions. Polycentric, purpose-driven and committed to inclusion, diversity, equity and sustainability, we focus on what matters most to you. www.dentons.com
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Original text and links presented by source here: https://www.dentons.com/en/about-dentons/news-events-and-awards/news/2025/march/making-class-action-history
[Category: BizLaw/Legal]
Husch Blackwell Represents Jupiter Power in $286 Million Financing for Two Utility-Scale Battery Energy Storage Projects
KANSAS CITY, Missouri, March 29 -- Husch Blackwell, a law firm, issued the following news release:
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Husch Blackwell Represents Jupiter Power in $286 Million Financing for Two Utility-Scale Battery Energy Storage Projects
Husch Blackwell served as development counsel for Jupiter Power, a leading developer and operator of energy storage infrastructure, in its recently closed $286 million project financing to support the construction of two standalone battery energy storage systems (BESS)--a Tibbits in Michigan, and Tidwell Prairie in Texas.
Husch Blackwell served as development counsel to
... Show Full Article
KANSAS CITY, Missouri, March 29 -- Husch Blackwell, a law firm, issued the following news release:
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Husch Blackwell Represents Jupiter Power in $286 Million Financing for Two Utility-Scale Battery Energy Storage Projects
Husch Blackwell served as development counsel for Jupiter Power, a leading developer and operator of energy storage infrastructure, in its recently closed $286 million project financing to support the construction of two standalone battery energy storage systems (BESS)--a Tibbits in Michigan, and Tidwell Prairie in Texas.
Husch Blackwell served as development counsel toJupiter Power through the purchase, development, debt financing and funding, in the areas of real estate, environmental permitting, and state and federal regulatory, among others for the Tidwell Prairie Phase I project. We also assisted in obtaining Federal Energy Regulatory Commission approvals for the Tibbits project and are currently handling tax equity investments for both projects.
Jupiter Power's energy storage assets, which total 300 MW/800 MWh, are expected to commence commercial operations later this year.
The Husch Blackwell team was led by partners Cacki Jewart and Mashaal Bhaidani, and included Colton Harris, Sylvia Bartell, Erin McCready, Alaina Zermeno, Holly Heinrich, Leah Kaiser, Blake Hansen, and Mason Quinones.
For further information, please refer to the March 18, 2025, Jupiter Power news release.
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Original text and links presented by source here: https://www.huschblackwell.com/inthenews/husch-blackwell-represents-jupiter-power-in-286-million-financing-for-two-utility-scale-battery-energy-storage-projects
[Category: BizLaw/Legal]
Haynes & Boone Protects Corelle Brands' Reorganization Success With Appellate Win
DALLAS, Texas, March 29 -- Haynes and Boone, a law firm, issued the following news release:
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Haynes Boone Protects Corelle Brands' Reorganization Success with Appellate Win
Haynes Boone successfully defended Corelle Brands' Chapter 11 reorganization plan in a contract dispute with Guangdong Midea Consumer Electric Manufacturing Company. The U.S. District Court for the Southern District of Texas affirmed the bankruptcy court's ruling, rejecting Midea's appeal and upholding Corelle's indemnity rights under Texas contract law.
Midea, a supplier to Corelle, objected to Corelle's confirmed
... Show Full Article
DALLAS, Texas, March 29 -- Haynes and Boone, a law firm, issued the following news release:
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Haynes Boone Protects Corelle Brands' Reorganization Success with Appellate Win
Haynes Boone successfully defended Corelle Brands' Chapter 11 reorganization plan in a contract dispute with Guangdong Midea Consumer Electric Manufacturing Company. The U.S. District Court for the Southern District of Texas affirmed the bankruptcy court's ruling, rejecting Midea's appeal and upholding Corelle's indemnity rights under Texas contract law.
Midea, a supplier to Corelle, objected to Corelle's confirmedreorganization plan, arguing that purchase orders issued under a master supply agreement were indivisible from the agreement itself. The bankruptcy court ruled in Corelle's favor, separating purchase orders from a master supply agreement, a critical distinction and precedent that preserves flexible restructuring options for corporations navigating financial challenges.
Haynes Boone previously represented Corelle in its successful Chapter 11 reorganization, which the U.S. Bankruptcy Court for the Southern District of Texas confirmed in February 2024.
Haynes Boone's team included Partners Charlie Beckham, Arsalan Muhammad and Natasha Breaux along with Counsel Kourtney Lyda and Associate David Trausch.
Jones Day served as co-counsel with Haynes Boone in the appeal.
Haynes Boone's Restructuring Practice Group handles issues in complex restructurings and Chapter 11 reorganization cases for both debtors and lenders. Clients include more than 100 Fortune 500 companies, many major foreign companies and large financial institutions.
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Original text and links presented by source here: https://www.haynesboone.com/news/press-releases/haynes-boone-protects-corelle-brands-reorganization-success-with-appellate-win
[Category: BizLaw/Legal]
Aprio to Acquire RSM US LLP's Professional Services+ Practice
CHICAGO, Illinois, March 29 -- RSM U.S., an independent audit, tax and consulting firm, issued the following news release:
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Aprio to acquire RSM US LLP's Professional Services+ Practice
ATLANTA - (March 28, 2025) - Aprio and RSM US LLP have entered into an agreement for Aprio to acquire RSM's Professional Services+ ("PS+") practice operating in the U.S. and Canada. The transaction is expected to close on April 30, 2025, pending satisfaction of customary conditions.
The PS+ practice offers specialized resources, insights and integrated solutions to help professional services firms grow,
... Show Full Article
CHICAGO, Illinois, March 29 -- RSM U.S., an independent audit, tax and consulting firm, issued the following news release:
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Aprio to acquire RSM US LLP's Professional Services+ Practice
ATLANTA - (March 28, 2025) - Aprio and RSM US LLP have entered into an agreement for Aprio to acquire RSM's Professional Services+ ("PS+") practice operating in the U.S. and Canada. The transaction is expected to close on April 30, 2025, pending satisfaction of customary conditions.
The PS+ practice offers specialized resources, insights and integrated solutions to help professional services firms grow,thrive and feel confident in a rapidly changing world. The practice serves almost 80 firms across the U.S. and Canada and provides resources and advisory services related to strategy and leadership, talent development, business processes and operations, and access to group buying solutions.
"It is an honor to welcome the PS+ practice, clients and team to Aprio. RSM has provided an exceptional platform for the past four decades for the PS+ practice and we are committed to establishing a strong foundation to grow the practice at Aprio," said Richard Kopelman, CEO, Aprio."With the addition of the PS+ practice, Aprio will include a robust community of complementary firms with unique opportunities for collaboration and growth as we invest in the future."
"In joining Aprio, we have a unique opportunity to carry forward our vision and customized approach for serving clients the way they want to be served," said Dean Sengstock, leader, PS+ practice. "While we are joining a new firm, our team, the services we provide, and our commitment to exceptional client-centric service remains the same."
"We believe this transaction enhances the PS+ team's ability to continue supporting their clients, while enabling RSM to focus on our core assurance, tax and consulting service offerings for the middle market," said Brian Becker, managing partner & CEO with RSM US LLP. "We are grateful to the PS+ team for their many contributions to RSM over the last 40 years."
Effective May 1, 2025, the PS+ practice will operate as part of Aprio. Dean Sengstock, current leader of the PS+ practice, will continue to serve as the leader of the practice and will join Aprio as a partner along with four other partners and more than 30 team members.
Over the coming weeks, Aprio and RSM will work together to ensure a smooth transition and to serve clients' best interests.
About Aprio
Aprio is the brand name under which Aprio, LLP, and Aprio Advisory Group, LLC, deliver professional services. Since 1952, clients throughout the U.S. and across more than 50 countries have trusted Aprio for guidance on how to achieve what's next. As a premier business advisory and accounting firm, Aprio Advisory Group, LLC, delivers advisory, tax, managed, and private client services to build value, drive growth, manage risk, and protect wealth, and Aprio, LLP, provides audit and attest services. With proven experience and genuine care, Aprio serves individuals, entrepreneurs, and businesses, from promising startups to market leaders alike. Aprio has grown to 2,000+ team members providing solutions to clients in industries including Manufacturing and Distribution, Non-Profit and Education, Professional Services, Real Estate, Construction, Restaurant, Franchise & Hospitality, Government Contracting, and Technology. Aprio.com
About RSM US LLP
RSM empowers middle market companies worldwide to take charge of change. The clients we serve are the engine of global commerce and economic growth. Our unique middle market perspective makes RSM the natural choice for growth-oriented, internationally active organizations seeking relevant insights and tailored, innovative solutions for a complex and changing world. With a global reach spanning more than 120 countries, we instill confidence in a world of change by bringing the full power of RSM to make a lasting impact on our clients, colleagues and communities.
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Original text here: https://rsmus.com/newsroom/2025/aprio-to-acquire-rsm-us-llps-professional-services-plus-practice.html
[Category: BizConsulting]
Antithrombin Blood Test From Siemens Healthineers Now FDA Cleared as a Companion Diagnostic for Qfitlia, a Sanofi Hemophilia Therapy
MALVERN, Pennsylvania, March 29 -- Siemens Healthineers, a medical technology company, issued the following news release on March 28, 2025:
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Antithrombin Blood Test from Siemens Healthineers Now FDA Cleared as a Companion Diagnostic for Qfitlia, a Sanofi Hemophilia Therapy
* The assay now can measure antithrombin (AT) activity levels for people treated with Qfitlia
* Measuring AT activity levels helps people receive the appropriate dose, initially and over time
* The test is used before and during treatment with Qfitlia as part of the AT-based dosing regimen
Siemens Healthineers announced
... Show Full Article
MALVERN, Pennsylvania, March 29 -- Siemens Healthineers, a medical technology company, issued the following news release on March 28, 2025:
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Antithrombin Blood Test from Siemens Healthineers Now FDA Cleared as a Companion Diagnostic for Qfitlia, a Sanofi Hemophilia Therapy
* The assay now can measure antithrombin (AT) activity levels for people treated with Qfitlia
* Measuring AT activity levels helps people receive the appropriate dose, initially and over time
* The test is used before and during treatment with Qfitlia as part of the AT-based dosing regimen
Siemens Healthineers announcedtoday its has achieved FDA clearance for a new claim allowing it to be used as a companion diagnostic test for people receiving treatment with Qfitlia (fitusiran), a Sanofi hemophilia therapy./1 Hemophilia is a lifelong genetic bleeding disorder that significantly affects the day-to-day lives of people living with the disease, creating potentially life-threatening risks from otherwise normal situations experienced by those without hemophilia. The body's inability to clot blood effectively can prolong bleeding after injuries, result in excessive bruising and joint pain, and increase risks during surgery or other medical procedures.
Qfitila will support people living with hemophilia A or B, with or without inhibitors, by helping to rebalance one of the body's critical clotting mechanisms to prevent bleeding. The Innovance Antithrombin blood test from Siemens Healthineers will aid in monitoring patients' AT activity to support Qfitlia dosing in adult and pediatric patients aged 12 years and older. It is the only assay cleared for this indication.
"Every healthcare industry player has a meaningful role in driving patient care forward. When we collaborate to innovate, we can achieve impactful advancements that can change lives and improve patient outcomes. Diagnostics tests such as the Siemens Healthineers Innovance Antithrombin assay provide greater clinical utility when test results directly aid patients' next step in their treatment," said Bob Stowers, head of Specialty Lab Solutions, Diagnostics, Siemens Healthineers.
The Innovance Antithrombin assay from Siemens Healthineers is used broadly to detect genetic or acquired AT deficiencies.
1/ This expanded claim is intended for use in the United States. Claims relevant to use cases in other markets can be found on the Siemens Healthineers website.
Media contact
Kimberly Nissen
Phone: 610-241-2129
Email: Kimberly.Nissen@siemens-healthineers.com
Siemens Healthineers pioneers breakthroughs in healthcare. For everyone. Everywhere. Sustainably. The company is a global provider of healthcare equipment, solutions and services, with activities in more than 180 countries and direct representation in more than 70. The group comprises Siemens Healthineers AG, listed as SHL in Frankfurt, Germany, and its subsidiaries. As a leading medical technology company, Siemens Healthineers is committed to improving access to healthcare for underserved communities worldwide and is striving to overcome the most threatening diseases. The company is principally active in the areas of imaging, diagnostics, cancer care and minimally invasive therapies, augmented by digital technology and artificial intelligence. In fiscal 2024, which ended on September 30, 2024, Siemens Healthineers had approximately 72,000 employees worldwide and generated revenue of around Euros22.4 billion. Further information is available at wwww.siemens-healthineers.com.
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Original text here: https://www.siemens-healthineers.com/en-us/press-room/press-releases/qfitlia-companion-diagnostic
[category: BizHospital]
2025 Higher Education Outlook Focuses on Financial Health, Value Proposition, Change Management
CHARLOTTE, North Carolina, March 29 -- Forvis, an accounting and advisory firm, issued the following news release on March 27, 2025:
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2025 Higher Education Outlook focuses on financial health, value proposition, change management
Forvis Mazars, one of the largest public accounting and consulting firms in the United States, today released its 2025 Annual Higher Education Outlook. Among the key insights: although nearly 75% of colleges and universities believe their value proposition is clear, less than 10% of schools say they have built a reliable tracking process to ensure their perceived
... Show Full Article
CHARLOTTE, North Carolina, March 29 -- Forvis, an accounting and advisory firm, issued the following news release on March 27, 2025:
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2025 Higher Education Outlook focuses on financial health, value proposition, change management
Forvis Mazars, one of the largest public accounting and consulting firms in the United States, today released its 2025 Annual Higher Education Outlook. Among the key insights: although nearly 75% of colleges and universities believe their value proposition is clear, less than 10% of schools say they have built a reliable tracking process to ensure their perceivedvalue is actually delivered.
"The amount of disruption to higher education over the last several years has been unprecedented, and 2025 has not produced any relief," said Rachel Pauletti, director and national practice leader for Higher Education Consulting at Forvis Mazars. "Because we find ourselves suddenly in a highly dynamic industry, it's critical to acknowledge all of the other issues that may affect financial health or require conversations about value, and that may require new and effective responses. Colleges and universities need to understand why students are choosing them and lean in."
This and other findings are part of the 2025 Annual Higher Education Outlook, released today. The survey responses were collected through a web-based survey tool, and covered all regions of the U.S. and all sectors except for-profit higher education institutions. Most respondents were small- to medium-sized schools (up to 20,000 students).
This year's Outlook addresses three major topics in higher education: financial health, the institutional value proposition, and change management.
Key findings include:
* Revenue diversification concerns - Private and federal grant funding (23%) and general philanthropy (27%) were the two most frequent areas of revenue improvement during the past year. Given recent activities at the federal level, institutions are likely re-evaluating their strategies for grant funding.
* Expense management challenges - While most schools (71%) made expense reductions in all areas of operation (academic, administrative, and other), only a few schools (5%) made academic cost reductions alone.
* Lack of forecasting - Schools conducting financial forecasts (95%) chose forecast time frames from three to seven years. Only 2% conducted forecasts in excess of seven years, and 3% did not do any financial forecasting work.
* Value proposition in question - The value proposition in higher education is in question, and this will affect the ability of individual institutions to attract and retain students.
* Concerns over loans and grants - Recent actions at the federal level may make it more difficult for students to take out loans or receive grants, and these changes may affect some programs more than others.
* Lack of cohesion - Institutional leaders recognize that they must earn buy-in from all constituencies and that some constituencies are less receptive to change than others.
* Change management is often ignored - While many institutions recognize the need for change, many are struggling to implement effective change management strategies.
"Schools today are seeking to create financially sustainable operations; project attractive value propositions for students, parents, and donors; and develop effective change management approaches," said Nick Wallace, higher education consultant and director at Forvis Mazars, and lead author of the Outlook report. "As institutions develop long-term strategic plans, they need to be mindful of these three focal areas."
Forvis Mazars ranks among the largest public accounting firms in the country and its higher education practice is a leading provider of assurance, tax, and consulting services to hundreds of client institutions nationwide.
The 2025 Annual Higher Education Outlook is available for download now.
A webinar about the Outlook survey results will take place at 11 a.m. ET, Wednesday, April 30. The webinar is geared toward college presidents, chief financial officers, provosts, boards, and accounting professionals.
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Original text here: https://www.forvismazars.us/about-us/newsroom/news-releases/2025-annual-higher-education-outlook-focuses-on-financial-health-value-proposition-and-change-man
[Category: BizConsulting]
