Category Archives: Sean Greaney

Three Stubbs Alderton & Markiles’ Attorneys Selected to 2017 Southern California Super Lawyers Rising Stars List

Stubbs Alderton & Markiles, LLP, one of Southern California’s leading business law firms, today announced that three attorneys of the firm have been selected to the 2017 Southern California Super Lawyers Rising Stars list.  SAM Partner Sean Greaney is a returning honoree from 2015 and 2016, while Nick C. Feldman and Ryan Duckett are first time honorees.  Each year, no more than 2.5 percent of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor.

Sean Greaney is Partner of the Firm.  Sean’s practice focuses on corporate transactions, mergers and acquisitions, private equity transactions, and general corporate matters for both public and private clients, focusing on middle-market, emerging growth and development stage companies.  In addition, Sean counsels companies in connection with company formation process, SEC reporting requirements and registrations, federal and state securities laws and compliance, corporate governance issues, joint ventures, employee incentive plans and executive employment agreements.

Ryan Duckett is an associate of the Firm. Ryan’s practice focuses primarily on employment, commercial, intellectual property and entertainment litigation. He has successfully litigated cases for both plaintiffs and defendants with trials and appellate experience that has secured over millions of dollars in jury verdicts for his clients, to arguing California jury instructions that were created by the case he second chaired.  He manages and handles all aspects of civil actions from pre-litigation matters to law & motion to trials, post-trials & appeals.

Nick C. Feldman is an associate of the Firm. Nick’s practice focuses on corporate transactions, including mergers and acquisitions, dispositions, private equity transactions and general corporate matters for both public and private clients, focusing on middle-market and emerging growth companies. In addition, Nick counsels companies in connection with entity formation, corporate governance, federal and state securities laws and compliance, joint ventures, employee incentive plans, executive employment agreements and other executive compensation matters.

Super Lawyers, a Thomson Reuters business, is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The annual selections are made using a patented multiphase process that includes a statewide survey of lawyers, an independent research evaluation of candidates and peer reviews by practice area. The result is a credible, comprehensive and diverse listing of exceptional attorneys. The Super Lawyers lists are published nationwide in Super Lawyers Magazines and in leading city and regional magazines and newspapers across the country. Super Lawyers Magazines also feature editorial profiles of attorneys who embody excellence in the practice of law. For more information about Super Lawyers, visit SuperLawyers.com

About Stubbs Alderton & Markiles, LLP
Stubbs Alderton & Markiles, LLP is a business law firm with robust corporate, public securities, mergers and acquisitions, entertainment, intellectual property, brand protection and business litigation practice groups focusing on the representation of, among others, venture backed emerging growth companies, middle market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters. The firm’s clients represent the full spectrum of Southern California business with a concentration in the technology, entertainment, videogame, apparel and medical device sectors. Our mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of our Firm. For more information on Stubbs Alderton & Markiles, visit www.stubbsalderton.com 

Press Contact:
Heidi Hubbeling
Director of Marketing
hhubbeling@stubbsalderton.com

FacebookTwitterGoogle+LinkedInEmail

SAM Client Consortia Health Secures $2 Million in Financing

Consortia HealthStubbs Alderton & Markiles’ client Consortia Health Holdings, Inc., a Personalized Pelvic Wellness health care company that provides clinically-relevant individualized diagnosis, therapy and education to help physicians treat their patients with incontinence, pelvic pain, sexual dysfunction and other pelvic disorders, today announced that it has closed a $2 million preferred round of financing. The round was led by Ponil Ventures, a current investor, and included Golden Seeds and Belle Michigan as new investors. The new financing will fund the growth needed to assist Consortia Health as they continue building the leading Pelvic Wellness Company.

To read the full article about Consortia Health click here.

Stubbs Alderton attorneys representing Consortia Health in this matter were Caroline Cherkassky and Sean Greaney.

About Consortia Health
Consortia Health Holdings, Inc., is a personalized medicine company providing an integrated delivery model in partnership with physicians to provide diagnosis, treatment, and educational support to address pelvic floor disorders including urinary incontinence, pelvic pain and sexual health. Consortia Health is a leading provider of these services in the US and has been a trusted partner transforming patient lives. Consortia Health is focused on three strategic imperatives: becoming the worldwide leader in clinical continence services, expanding into the assisted living market and diversifying by offering a product portfolio while increasing revenue from international expansion. For more on how Consortia Health is making a difference, please visit the Company’s website at www.ConsortiaHealth.com.

For more information about our Venture Capital and Emerging Growth Practice , contact Scott Alderton at salderton@stubbsalderton.com

FacebookTwitterGoogle+LinkedInEmail

Stubbs Alderton & Markiles, LLP Names New Partner and Senior Counsel

Los Angeles, CA – Stubbs Alderton & Markiles, LLP one of Southern California’s top business law firms, has announced the promotion of two attorneys within its ranks.

Sean Greaney has been promoted to Partner, effective January 1, 2017.  Sean’s practice focuses on corporate transactions, mergers and acquisitions, private equity transactions, and general corporate matters for both public and private clients, focusing on middle-market, emerging growth and development stage companies.  In addition, Sean counsels companies in connection with company formation process, SEC reporting requirements and registrations, federal and state securities laws and compliance, corporate governance issues, joint ventures, employee incentive plans and executive employment agreements.

Caroline Cherkassky has been promoted to Senior Counsel, effective January 1, 2017.  Caroline’s practice focuses on advising emerging growth, development stage, and middle market companies on a variety of matters, including venture capital and other financings, employee compensation, securities laws compliance, technology transactions, corporate governance, and other general corporate matters. She also advises the funds and other investors that invest in these types of companies.

Managing Partner Scott Alderton stated, “It is particularly gratifying to us when we promote from within.  Both Sean and Caroline are very talented lawyers who have consistently demonstrated technical excellence and great client service.  We are proud to welcome Sean into our Partnership and to recognize Caroline’s accomplishments with her promotion to Senior Counsel.”

For more information about Stubbs Alderton & Markiles, visit www.stubbsalderton.com or email info@stubbsalderton.com.

FacebookTwitterGoogle+LinkedInEmail

Stubbs Alderton & Markiles Represents Client NEOGOV in Investment by Warburg Pincus

ngv-logo_2015-1Stubbs Alderton & Markiles’ client NEOGOV, the leading talent management software platform focused on government, education and public sector clients announced that Warburg Pincus, a global private equity firm focused on growth investing has invested in them. Terms of the transaction were not disclosed.

Founded in 2000, NEOGOV provides market-leading software-as-a-service (SaaS) talent management solutions to automate and streamline the recruitment, onboarding and performance evaluation processes for government and other public sector institutions. NEOGOV’s software is designed specifically for the unique human capital management requirements of these complex and regulated end-markets and serves more than 1,500 organizations including over 40% of the largest U.S. cities and more than 20 state customers.

“The team at NEOGOV has built the leading provider of human capital management software to the public sector,” said Alex Berzofsky, Managing Director, Warburg Pincus. “We are excited to invest in the company and partner with the NEOGOV management team as they continue to broaden the product platform and identify additional opportunities to serve their large and growing customer base.”

“Warburg Pincus has deep experience in cloud-based software and the firm will be a valuable partner as we continue to focus on growing our whole talent management suite tailored for the local government sector,” said Damir Davidovic, Founder and Chief Executive Officer of NEOGOV. “With this investment, we plan to enhance our product offerings, serve more customers and accelerate growth of the business.”

“As more companies continue to use SaaS-based systems to deliver HR solutions, we see a significant growth opportunity for NEOGOV given it is configurable specifically for the needs of the public sector, where fewer organizations have adopted these technologies,” said Brian Chang, Principal, Warburg Pincus.

Stubbs Alderton attorneys representing NEOGOV in this deal were Sean Greaney and Scott Alderton.

About NEOGOV
NEOGOV HR software automates the entire hiring, onboarding and performance evaluation process, including position requisition approval, automatic minimum qualification screening, test statistics and analysis, and EEO reporting. NEOGOV works with more than 1,500 federal, state and local government, universities and K-12 organizations nationwide, ranging in size from 100 to over 100,000 employees, including agencies such as the State of South Carolina, the State of Tennessee, City of Dallas, TX; City of Houston, TX; Baltimore County, MD; City and County of Denver, CO; City and County of Honolulu, HI; City of Nashville, TN; and more than 25% of California’s Counties, including Santa Clara County, San Bernardino County, San Diego County, Los Angeles County, and Orange County. Because NEOGOV’s solutions are both easy-to-use and fast to implement, it is able to offer a public sector model that is low risk, but offers a high ROI at the same time.

About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $40 billion in private equity assets under management. The firm’s active portfolio of more than 120 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 15 private equity funds, which have invested more than $58 billion in over 760 companies in more than 40 countries. Warburg Pincus has been an active investor in SaaS companies, with current investments including The Gordian Group, DocuTAP, Liaison International, PayScale, and Avalara, among others.

About Stubbs Alderton & Markiles, LLP
Stubbs Alderton & Markiles, LLP is a business law firm with robust corporate, public securities, mergers and acquisitions, entertainment, intellectual property, brand protection and business litigation practice groups focusing on the representation of, among others, venture backed emerging growth companies, middle market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters. The firm’s clients represent the full spectrum of Southern California business with a concentration in the technology, entertainment, videogame, apparel and medical device sectors. Our mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of our Firm. www.stubbsalderton.com 

For more information about our Venture Capital & Emerging Growth Practice, contact Sean Greaney at sgreaney@stubbsalderton.com or (818) 444-4554

FacebookTwitterGoogle+LinkedInEmail

Stubbs Alderton & Markiles, LLP Client THX Acquired by Leading Lifestyle Brand for Gamers, Razer

thx-logoStubbs Alderton & Markiles, LLP client THX announced this week that Razer™, the leading global lifestyle brand for gamers, has acquired the majority of the assets of THX Ltd. and brought onboard the management and employees of the company. THX will continue to operate as an independent entity under its own management and apart from the ongoing business of its parent company. Financial details of the transaction were not disclosed.

Stubbs Alderton & Markiles’ attorneys representing THX in the transaction include Scott Galer, John McIlvery, Sean Greaney and Nick Feldman

 

To read the full press release, click here.

 

About Stubbs Alderton & Markiles, LLP

Stubbs Alderton & Markiles, LLP (SAM) is a California business law firm with robust intellectual property, litigation, corporate, public securities, mergers and acquisitions, and entertainment practice groups.  SAM focuses on the representation of emerging growth companies, middle market public companies, large technology companies, celebrities and entertainment companies. SAM’s mission is to provide technically excellent legal services and outstanding results in a highly-responsive, service-oriented, and cost-effective manner. These principles are the hallmarks of our firm.

 

To learn more about our Mergers & Acquisitions practice, contact SAM partner Scott Galer at sgaler@stubbsalderton.com or (818) 444-4513.

FacebookTwitterGoogle+LinkedInEmail

Stubbs Alderton & Markiles, LLP Advises Rdio in Platform Integration Transaction with Cumulus Media Inc.

RdioLogo

Los Angeles, CA – September 16, 2013 – Stubbs Alderton & Markiles, LLP announced that it advised Rdio, a subscription music service from the founders of Skype, in a platform integration transaction with Cumulus Media Inc.  Cumulus will obtain a significant equity stake in Pulser Media, Rdio’s parent company, in exchange for exclusive content, media and on-air promotional commitments over a five year period.  In addition, Rdio will leverage the Cumulus sales infrastructure to monetize its upcoming ad-supported free products, including music on-demand, custom playlists and exclusive content curated by Cumulus.

“We are thrilled to be partnering with Cumulus and their robust network of radio stations and premium content,” says Drew Larner, CEO of Rdio. “This monumental deal is the first time a digital and a broadcast platform have come together in this way and we’re eager to bring the Rdio experience to the greater Cumulus listening audience.”

To read the full press release, click here.

The Stubbs Alderton & Markiles, LLP team advising Rdio included Greg Akselrud, Partner,  Sean Greaney, and Jason Lee.

About Rdio

Rdio is the groundbreaking digital music service that is reinventing the way people discover, listen to, and share music. With on-demand access to over 20 million songs, Rdio connects people with music and makes it easy to search for and instantly play any song, album, artist, or playlist without ever hearing a single ad. Discover what friends, people with similar tastes, recording artists, and more are listening to in real-time and share across Twitter and Facebook. Build a digital music collection that’s available everywhere — on the web, in-home or in-car, on tablets or mobile phones, and even offline.

Launched in August 2010, Rdio is headquartered in San Francisco and was founded by Janus Friis, the co-creator of Skype and is currently available in 31 countries.  For more information and to sign up, visit www.rdio.com.

About Cumulus Media Inc.

Cumulus Media Inc. (NASDAQ: CMLS) is the largest pure-play radio company in the nation, with approximately 520 owned and operated radio stations, a distribution network reaching nearly 5,500 stations and a content creation platform recently fortified by its pending acquisition of Dial Global. For more information, visit www.cumulus.com.

About Stubbs Alderton & Markiles

Stubbs Alderton & Markiles, LLP is a business law firm with robust corporate, public securities, mergers and acquisitions and intellectual property practice groups focusing on the representation of venture backed emerging growth companies, middle market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters. The firm’s clients represent the full spectrum of Southern California business with a concentration in the technology, entertainment, videogame, apparel and medical device sectors. Our mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of our Firm.

 

Contact:

Heidi Hubbeling
Director of Marketing
Stubbs Alderton & Markiles, LLP
(818) 444-4526
hhubbeling@stubbsalderton.com

FacebookTwitterGoogle+LinkedInEmail

Stubbs Alderton & Markiles, LLP Advises Kotura, Inc. in its Acquisiton by Mellanox Technologies Ltd.

Kotura

Los Angeles, CA – August 20, 2013 -Stubbs Alderton & Markiles, LLP announced that it advised Kotura Inc., a leading innovator and developer of advanced silicon photonics optical interconnect technology for high-speed networking applications, in its acquisition by Mellanox Technologies Ltd.  Mellanox has acquired Kotura at a total cash purchase price of approximately $82 million, subject to certain working capital and other adjustments.

The transaction enhances Mellanox’s ability to provide leading technologies for high speed, scalable and efficient end-to-end interconnect solutions, and is expected to increase Mellanox’s competiveness to meet the growing demands of high-performance, Web 2.0, cloud, data center, database, financial services and storage applications.

Kotura’s current location in Monterey Park, California, will serve as Mellanox’s first R&D center in the United States.

 To read the full press release, click here.

The Stubbs Alderton & Markiles, LLP team advising Kotura, Inc, included Scott Alderton,   Jonathan Friedman, Sean Greaney, and Jason Lee.

About Stubbs Alderton & Markiles

Stubbs Alderton & Markiles, LLP is a business law firm with robust corporate, public securities, mergers and acquisitions and intellectual property practice groups focusing on the representation of venture backed emerging growth companies, middle market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters. The firm’s clients represent the full spectrum of Southern California business with a concentration in the technology, entertainment, videogame, apparel and medical device sectors. Our mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of our Firm. For more information, visit www.stubbsalderton.com

Contact:

Heidi Hubbeling
Director of Marketing
Stubbs Alderton & Markiles, LLP
(818) 444-4526
hhubbeling@stubbsalderton.com

FacebookTwitterGoogle+LinkedInEmail

Stubbs Alderton & Markiles, LLP Advises Kotura, Inc. in its Agreement to be Acquired by Mellanox Technologies Ltd.

S.A.M. High Res Logo (jpg) - small

Los Angeles, CA – May 17, 2013 -Stubbs Alderton & Markiles, LLP announced that it advised Kotura Inc., a leading innovator and developer of advanced silicon photonics optical interconnect technology for high-speed networking applications, in its agreement to be acquired by Mellanox Technologies Ltd.  Mellanox and Kotura have signed a definitive agreement under which Mellanox will acquire Kotura at a total cash purchase price of approximately $82 million subject to certain adjustments. The terms of the transaction have been unanimously approved by both the Mellanox and Kotura boards of directors. The transaction is currently projected to close in the second half of 2013, subject to the completion of certain closing conditions.

To read the full press release, click here.

The Stubbs Alderton & Markiles, LLP team advising Kotura, Inc, included Scott Alderton Partner,  Ryan Azlein, Partner, Jonathan Friedman, Sean Greaney, and Jason Lee.

About Stubbs Alderton & Markiles

Stubbs Alderton & Markiles, LLP is a business law firm with robust corporate, public securities, mergers and acquisitions and intellectual property practice groups focusing on the representation of venture backed emerging growth companies, middle market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters. The firm’s clients represent the full spectrum of Southern California business with a concentration in the technology, entertainment, videogame, apparel and medical device sectors. Our mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of our Firm. For more information, visit our website, www.stubbsalderton.com.

Contact:

Heidi Hubbeling
Director of Marketing
Stubbs Alderton & Markiles, LLP
(818) 444-4526
hhubbeling@stubbsalderton.com

FacebookTwitterGoogle+LinkedInEmail

Stubbs Alderton & Markiles, LLP Advises IRIS International, Inc. in Completion of Acquisition by Danaher Corporation

Sherman Oaks, CA – November 1, 2012 -Stubbs Alderton & Markiles, LLP announced that it advised IRIS International, Inc. (NASDAQ: IRIS) in the completion of its acquisition by Danaher Corporation.  IRIS, a leading manufacturer of automated in-vitro diagnostics systems and consumables, and a provider of high value personalized medicine solutions was acquired by Danaher at a purchase price of $19.50 per share.  Upon completion of the merger, IRIS has become a wholly-owned subsidiary of Danaher.

The Stubbs Alderton & Markiles, LLP team advising IRIS included John McIlvery, Partner and Chair of the Public Securities PracticeJonathan Friedman, and Sean Greaney.

To view the full press release, click here.

About Stubbs Alderton & Markiles
Stubbs Alderton & Markiles, LLP is a business law firm with robust corporate, public securities, mergers and acquisitions and intellectual property practice groups focusing on the representation of venture backed emerging growth companies, middle market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters. The firm’s clients represent the full spectrum of Southern California business with a concentration in the technology, entertainment, videogame, apparel and medical device sectors. Our mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of our Firm.

FacebookTwitterGoogle+LinkedInEmail

Founder Restricted Stock 101

What is founder restricted stock?

Founder restricted stock refers to shares of common stock that are owned by a founder but are subject to forfeiture upon the occurrence of certain contractually agreed upon events.  The forfeiture usually comes in the form of the company’s right to repurchase the shares for a previously agreed upon repurchase price.  The repurchase price is generally equal to the price the founder paid for the restricted stock, typically a nominal amount.  The company’s repurchase right in most cases is triggered by a termination of the founder’s employment or other service with the company, but can also be triggered by whatever other events the company and the founder agree upon.

As a founder, why would I want restricted stock?

Founders use restricted stock to ensure that the other founders continue to provide services to the company.  This particularly comes in handy when there are multiple founders.  Without the company’s ability to repurchase the founder stock, a founder may leave the company within three months after the company is formed and still own a significant percentage of the company. Also, let’s fast forward three years down the road when the company is sold for hundreds of millions of dollars.  Even though that founder did not contribute to the success of the company, they would still be able to cash out their shares just like the founders who actually sacrificed their blood, sweat and tears for the company.

Restricted shares that are reclaimed from former founders can then be used by the company to allocate to new team members brought in to replace the departed founder.

In addition, investors in the company typically require founders to receive shares of restricted stock.  When investors invest in a company, they are really investing in the founders and will want to incentivize the founders to continue working to build the company’s success.  Therefore, if the founders want to receive funds from investors during venture capital rounds, they will generally be required to subject their shares to a company repurchase right.

Will my restricted stock always be subject to a repurchase right?

Generally, the company’s repurchase right gradually lapses over time pursuant to an agreed upon vesting schedule.  Unlike stock options, the use of the term “vesting” in connection with restricted stock does not refer to the founder’s ownership of the restricted stock.  A founder owns 100% of the restricted stock when it is issued.  The use of the term “vesting” refers to the lapse of the company’s repurchase right with respect to the restricted stock.  Founders typically have a vesting schedule pursuant to which the company’s repurchase right lapses over a period of three or four years.

I have heard the terms “single trigger” and “double trigger” used in connection with restricted stock.  What do they mean?     

The company and a founder can agree to accelerate the vesting of restricted stock upon the occurrence of certain events.  When only one event needs to occur to trigger the acceleration, it is referred to as a “single trigger” and when two events need to occur to trigger the acceleration, it is referred to as a “double trigger”.  Common events related to the acceleration of the vesting of restricted stock include a change in control of the company (i.e., a merger or sale of the company) and the firing of the founder without cause.  If acceleration is based on a “single trigger”, then the occurrence of any one of these events would cause the company’s repurchase right to automatically lapse with respect to all or a portion of the restricted stock regardless of the vesting schedule.  If acceleration is based on a “double trigger”, then both events would have to occur to accelerate the vesting of the restricted stock.

Section 83(b) of the Internal Revenue Code

The issuance of restricted stock may have tax implications related to Section 83(b) of the Internal Revenue Code.  For a more detailed discussion of this topic, please read “An Introduction to 83(b) Elections.”

__________________________________________

Sean GSean Greaneyreaney, attorney with Stubbs Alderton & Markiles, LLP gives an informative introduction to Restricted Stock for startup companies. Sean’s practice focuses on corporate transactions, mergers and acquisitions, private equity transactions, and general corporate matters for both public and private clients, focusing on middle-market, emerging growth and development stage companies.

__________________________________________

For more information regarding Restricted Stock or similar inquiries, please contact Sean Greaney at sgreaney@stubbsalderton.com or (818) 444-4529.

FacebookTwitterGoogle+LinkedInEmail