February 27, 2024

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Goodwin hires Morrison Foerster associate to guide community firm observe

Signage is noticed exterior of the legal offices of the Goodwin Procter legislation organization in Washington, D.C., U.S., May possibly 10, 2021. REUTERS/Andrew Kelly Acquire Licensing Rights

Nov 27 (Reuters) – David Lynn, the chief of U.S. law company Morrison Foerster’s general public company advisory and governance apply, has moved to Goodwin Procter to guide a very similar observe there, Goodwin explained Monday.

Lynn will direct Goodwin’s general public organization advisory observe from the firm’s Washington, D.C., office, the company said. He worked at Morrison Foerster for additional than 13 a long time and served for a lot more than a decade at the U.S. Securities and Exchange Commission, such as a stint as main counsel of the agency’s company finance division.

At Morrison Foerster, Lynn assisted advise on the first community offering of SoftBank’s Arm Holdings, a chip designer that debuted on the Nasdaq in mid-September with a $65 billion valuation.

Lynn stated the prospect to function at Goodwin was “nicely-suited for my qualifications.” The agency is identified for its get the job done symbolizing organizations concerned in technological know-how, existence sciences, genuine estate and economic products and services.

“Customers appear to me due to the fact I have specific skills in SEC issues that impact general public corporations and corporate governance concerns,” Lynn said.

A Morrison Foerster spokesperson did not right away answer to a request for remark.

Lynn stated he is ready for the SEC to launch its extended-anticipated rule on companies’ climate-related disclosures. The rule would have to have community corporations to spell out their individual immediate and oblique greenhouse gasoline emissions.

The proposal has drawn help from numerous traders, but organization teams have pushed again and sought extra discretion about the details they supply, with major organization lobbying team the U.S. Chamber of Commerce contacting the prerequisites as well advanced and rigid.

The rule was expected to be finalized earlier this 12 months. Right up until the SEC claims if not, Lynn mentioned he is expecting the last rule “any day now.”

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David Thomas reviews on the enterprise of regulation, such as law firm tactic, selecting, mergers and litigation. He is dependent out of Chicago. He can be arrived at at [email protected] and on Twitter @DaveThomas5150.