With one of the most experienced public finance practice teams in the country, Goodwin Procter offers public securities and disclosure expertise for clients in the financial markets and in municipal and state governments.
Maintaining compliance in today’s regulatory environment can be an extraordinary challenge. We’re well-versed in all aspects of the Securities Act of 1933 and the Securities Exchange Act of 1934, including the anti-fraud provisions of Rule 10-5 and specific state requirements.
Attorneys in our practice handle a wide range of municipal transactions for some of the largest investment banks in the United States. We serve as underwriters counsel for the California Communities Development Authority’s Gas Tax Accelerated Street Improvement Program, which was created based on a transaction that we pioneered.
Continuing disclosure has become a critical issue in today’s volatile economy. We provide disclosure counsel services to over 30 issuers and developer obligors. Our clients include cities, counties, school districts, joint powers authorities and other public entities.
When the California State Treasurer’s Office elected to comply with SEC Rule 15c2-12’s new disclosure rules in advance of the effective date, our attorneys drafted the first continuing disclosure language and advised the State Treasurer’s Office on the ramifications of the amended Rule 15c2-12.
Our attorneys have handled several financings for the State of California, including the 2002 $12.5 billion revenue anticipation note issue, the largest short-term tax-exempt debt financing in California’s history, and have also served as disclosure counsel to the Los Angeles Department of Water and Power with respect to more than $1.2 billion in tax-exempt bond financings.