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PLI and Morrison & Foerster Break New Ground with the First Complete Guide to Highly Popular Exempt and Hybrid Securities Offerings

Posted on: Wednesday, 24 June 2009, 12:23 CDT

NEW YORK, June 24 /PRNewswire-USNewswire/ -- Practising Law Institute (PLI), the nation's leading provider of continuing legal education, and global law firm Morrison & Foerster LLP, announce the release of Exempt and Hybrid Securities Offerings, the first practical, plain-English resource to offer comprehensive legal, regulatory, and procedural guidance on these increasingly popular financing alternatives.

Written by noted securities practitioners who created several of today's leading financing techniques, Exempt and Hybrid Securities Offerings provides a solid understanding of the applicable regulations and legal framework for these transactions, as well as the implications of these regulations for structuring transactions. It is an invaluable resource for attorneys, investment bankers, CFO's and other market participants.

In today's challenging economic climate, corporations and financial institutions are using hybrid and exempt securities to tap into capital markets. The book examines the advantages and drawbacks of the most commonly used forms of these offerings. Exempt and Hybrid Securities Offerings also details the mechanics of conducting traditional PIPE transactions, structured PIPE transactions, institutional (debt) private placements, Rule 144A offerings, Regulation S offerings, expedited shelf takedowns, registered directs, at-the-market offerings, hedging transactions, and continuous issuance programs.

Exempt and Hybrid Securities Offerings features comprehensive appendices and a separate volume of forms, which are stocked with checklists, timelines, relevant no-action letters, and a wealth of sample documents, including questionnaires, confidentiality and non-disclosure agreements, purchase and subscription agreements, and distribution agreements.

WHAT PEOPLE ARE SAYING ABOUT EXEMPT AND HYBRID SECURITIES OFFERINGS.

"[Exempt and Hybrid Securities Offerings] is a must for any lawyer who wants to understand the law and lore governing today's new and evolving financing alternatives." Bruce Mann, former Chair of the ABA Federal Regulation of Securities Committee

"[Exempt and Hybrid Securities Offerings] is the best book out there on hybrid securities offerings ... A 'must-have' for the library of all securities attorneys." William K. Sjostrom, Jr., Professor of Law, Salmon P. Chase College of Law, Northern Kentucky University

ABOUT THE AUTHORS

Anna T. Pinedo is a partner in Morrison & Foerster's New York office. She concentrates on securities and derivatives, representing issuers, investment banks and financial intermediaries in financings, including public and private offerings of equity and debt securities, as well as structured products and innovative financial products. In the derivatives area, Ms. Pinedo counsels financial institutions acting as dealers and participants in the derivatives markets. She advises on structuring issues, as well as on regulatory issues and hedging techniques. Ms. Pinedo speaks and writes regularly on financial instruments and other securities law issues.

James R. Tanenbaum is a partner in Morrison & Foerster's New York office and Chair of the firm's Global Capital Markets practice. He concentrates on corporate finance, structuring domestic and international capital markets transactions. He represents issuers, including some of the nation's largest financial institutions, underwriters and other financial intermediaries, in securities offerings. Mr. Tanenbaum has developed some of the most widely used hybrid techniques for placing and distributing securities. He works closely with leading investment banks to formulate innovative financial products. He is a frequent lecturer on capital markets topics. Mr. Tanenbaum is widely recognized as having created the PIPE (private investment in public equity) transaction format, as well as several other hybrid securities distribution methodologies.

ABOUT MORRISON & FOERSTER

With more than one thousand lawyers in eighteen offices around the world, Morrison & Foerster offers clients comprehensive, global legal services in business and litigation. The firm is distinguished by its unsurpassed expertise in finance, life sciences, and technology, its legendary litigation skills, and an unrivaled reach across the Pacific Rim, particularly in Japan and China.

ABOUT PRACTISING LAW INSTITUTE

Practising Law Institute (PLI) is a non-profit continuing legal education organization dedicated to providing the legal community with the most up-to-date information available. Founded in 1933, PLI has a continuing mission to enhance the professionalism of attorneys and other qualified persons by providing the highest quality and most innovative programs. PLI also offers one-hour briefings, online CLE, publications, and other services to enable attorneys to practice competently and ethically, as well as to fulfill pro bono responsibilities. PLI offers more than 300 programs annually in locations across the United States, including live webcasts, interactive multimedia, web programs, course handbooks, and annually supplemented treatises. In addition, PLI annually awards more than 3,000 full and partial scholarships to its programs. Learn more about PLI at www.pli.edu.

SOURCE Practising Law Institute

Source: PR Newswire

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