News and Alerts
Private Equity Law Report published an article written by Vincent Pitaro highlighting our most recent cannabis webinar, State of the Union: M&A in the Cannabis Space, hosted by Paul Marino (Partner), Robert Cromwell (Counsel), and Eliott Frank (Partner) and featuring Michael Feinsod and Hunter Gather of General Cannabis on April 16, 2019.
Ron Geffner (Partner) was mentioned in an article in Investors’ Business Daily discussing the SALT panel, "Navigating the New Frontier of Cannabis Investing.”
The litigation team from Sadis & Goldberg LLP led by Sam Lieberman (Partner) and Ben Hutman (Associate) was given honorable mention for “Litigator of the Week” in the New York Law Journal for their work in the DangDang Case. For more about the DangDang Case, click here. To read the full article on the New York Law Journal’s website, click the button below.
The friction inherent in the divide between state and federal treatment of cannabis has been a major impediment to the growth and evolutionary development of the industry on a national integrated scale. Access to banking and financial markets, in particular, has been an issue for many businesses in the cannabis industry, as a result of the reluctance of many institutions in the banking sector to provide banking services to cannabis-related businesses and service providers.
Sadis & Goldberg has expanded its litigation team with the addition of Counsel James Ancone. Mr. Ancone’s practice focuses on financial services litigation. In particular, he has extensive experience advising clients, including liquidators, officers, and directors, involved in cross-border disputes. He recently represented the officers and directors of a Cayman Islands reinsurance company in the Davis v. Scottish Re Grp. Ltd. shareholder action in the New York State Commercial Division.
Toronto-based Menē crafts pure 24 karat gold and platinum jewelry that is sold by gram weight. Through its website, mene.com, customers may buy jewelry, monitor the value of their collection over time, and sell or exchange their pieces by gram weight at prevailing market prices.
A team of Sadis attorneys led by Partner Paul J. Marino represented Apex Group Ltd. ("Apex") in the acquisition of Broadscope Fund Administrators LLC ("Broadscope"), a U.S.-based private equity fund administrator.
A team of Sadis attorneys led by Partner Paul J. Marino represented Bitfarms Ltd. ("Bitfarms") in a $20,000,000 strategic debt financing (the "Loan Financing") which was provided by New York-based Dominion Capital LLC ("Dominion") and will be made available in four $5,000,000 tranches tied to the ongoing satisfaction of customary covenants and various milestones, including Bitfarms' infrastructure build-out and associated mining hardware purchases.
A team of Sadis attorneys led by Partner Paul J. Marino represented Apex Group Ltd. ("Apex") in the acquisition of Atlantic Fund Services ("Atlantic"), a U.S.-based fund administrator serving the traditional and alternative mutual fund market. Apex is a portfolio company of Genstar Capital.
Hedgeweek recently announced that Sadis & Goldberg LLP was named the best Global Law Firm at the 2019 Hedgeweek Awards. The annual Hedgeweek Global Awards recognize excellence among hedge fund managers and service providers celebrate the achievements of firms that contributed to another significant year for the sector. The awards were decided by a poll of Hedgeweek readers, who include both investors and managers as well as other industry professionals at firms including fund administrators, custodians, accountants and auditors, law firms, consultants and fund distributors.