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October 11, 2018Firm News
Gunderson Dettmer Advises Histogenics on Public Offering of Common Stock and Warrants

Gunderson Dettmer advised Histogenics Corporation on a follow-on public offering underwritten public offering of 26,155,000 shares of its common stock and warrants to purchase up to 19,616,250 shares of common stock, at a combined purchase price of $0.65 per share of common stock and accompanying warrant, for a total of $17,000,750.00 in aggregate gross proceeds.

October 10, 2018Firm News
Gunderson Dettmer Advises Aldeyra Therapeutics on Public Offering

Gunderson Dettmer advised Aldeyra Therapeutics, Inc. on a follow-on public offering of 5,250,000 shares at the price to the public of $13.75 per share for a total of $72,187,500 in aggregate gross proceeds. Corporate partner Jay Hachigian, of counsel Keith Scherer, and associates Albert Vanderlaan, Naomi Smith and John Maciejewski led the team advising Aldeyra.

October 2, 2018Client Alerts
New California Law Requires Public Companies in California to Increase Board Diversity

With the passage of Senate Bill 826 at the end of September, California has become the first state in the U.S. to require public companies incorporated in California or other public companies with their principal executive offices in California (according their Annual Report on Form 10-K) to have specified numbers of women serving on their Boards of Directors. This alert discusses the new law and its implications for public companies.

October 1, 2018Client Alerts
Requirement to Update Non-Compete Agreements for Massachusetts Employees

The Massachusetts Noncompetition Agreement Act goes into effect on October 1, 2018 and will impact employers’ current practices with respect to post-termination non-competes for Massachusetts-based employees. This is relevant to you if you intend to hire Massachusetts-based employees or bind an existing Massachusetts-based employee to a post-term non-compete provision in the future because you will need to make updates to the non-compete provision in your form PIIA.

September 27, 2018Client News
Gunderson Dettmer Client Compass Raises $400M at $4.4B Valuation

Real estate platform Compass has raised $400 million in a Series F round of funding to help grow its domestic business as well as open internationally. The deal, led by Softbank’s Vision Fund and Qatar Investment Authority, has the company valued at $4.4 billion; double its valuation from last year.

September 14, 2018Firm News
Gunderson Dettmer's Silicon Valley Headquarters Heads Downtown

Gunderson Dettmer's Silicon Valley office has relocated to a newly-constructed building in downtown Redwood City, California. The new space reflects evolving work styles, efficient design and new collaboration tools to fit the firm's culture and is designed to appeal to lawyers and clients alike.

September 13, 2018Firm News
Best Lawyers names twelve Gunderson Dettmer partners in 2019 edition of the Best Lawyers in the United States

Best Lawyers named twelve Gunderson Dettmer partners to its 2019 peer-reviewed list of the most respected lawyers in their focus areas. Ross L. Burningham, Scott C. Dettmer, Steven R. Franklin, Jay K. Hachigian, James L. Hauser, Sharon J. Hendricks, Andrew Y. Luh, Daniel E. O’Connor, Brooks Stough, Jeffrey C. Thacker, and Thomas F. Villeneuve were all named to Best Lawyers in the United States.

July 31, 2018Client News
Gunderson Dettmer Advises SpringCM in $220 Million Acquisition by DocuSign

Gunderson Dettmer acted as legal advisor to SpringCM, a leading cloud-based document generation and contract lifecycle management software company, in its $220 million acquisition by DocuSign. In a definitive agreement announced today, the transaction will further accelerate DocuSign’s broadening of its solution beyond e-signature to the rest of the agreement process—from preparing to signing, acting-on, and managing agreements.  

July 24, 2018Client Alerts
Good News Relating to Private Company Stock Plans

As required under the Economic Growth, Regulatory Relief, and Consumer Protection Act enacted in May 2018 (the “2018 Act”), the Securities and Exchange Commission (the “SEC”) issued final rules on July 18th to increase the disclosure threshold from $5 million to $10 million for issuances of securities in reliance on Rule 701 under the Securities Act of 1933.

June 18, 2018Firm News
Malcolm B. Nicholls III Joins Gunderson Dettmer’s Industry-Leading Fund Formation Practice

Gunderson Dettmer announced today that Malcolm B. Nicholls III will join its industry-leading fund formation practice, where he will be a partner resident in the Boston office. A highly-respected practitioner, Malcolm brings over 20 years of experience representing venture capital and private equity fund managers and investment advisors globally on a wide range of issues, including formations, secondary transactions, internal governance, and divestments and distributions.

May 25, 2018Firm News
Gunderson Dettmer Associate Anna Westfelt Shares Insights on GDPR

In this video, DataGrail interviews Anna Westfelt, an associate in the firm’s Intellectual Property practice group who focuses on privacy and data security issues. She provides insights on why understanding the General Data Protection Regulation (GDPR) is critical for all businesses. GDPR is effective May 25, 2018.

May 23, 2018Client Alerts
Form BE-12 Reporting Requirements as Applied to Private Funds

The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) is conducting a mandatory survey that imposes reporting requirements on any U.S. business entity (including a fund, general partner entity or management company) in which a foreign person directly or indirectly held a voting interest of 10 percent or more at any time during the 2017 fiscal year. 

May 23, 2018Client Alerts
New Sexual Harassment Prevention Laws Apply to All New York State and New York City Employers

The Stop Sexual Harassment in NYC Act (the “Act”), a comprehensive package of legislation aimed at combating sexual harassment in the workplace and strengthening New York City’s existing anti-sexual harassment laws, was signed into law by Mayor Bill de Blasio on May 9, 2018. In lockstep with New York City’s new sexual harassment law, Governor Cuomo signed into law the New York State Legislature’s anti-sexual harassment legislation in the state’s 2019 budget.

May 17, 2018Firm News
Capital Markets Partner Heidi Mayon Discusses IPO Rebound

The technology industry has generated 29% of all IPOs this year to date, and research shows technology companies were also the IPO market’s best performing sector. Capital markets partner Heidi Mayon shares her thoughts on the resurgence of venture-backed technology company IPOs in "Technology Companies Are Driving the IPO Rebound" on Law360.

May 10, 2018Client News
Gunderson Dettmer Advises ARMO BioSciences, Inc. in $1.6 Billion Acquisition by Eli Lilly and Company

Gunderson Dettmer acted as legal advisor to ARMO BioSciences (ARMO) in its $1.6 billion acquisition by Eli Lilly and Company (Lilly). In a definitive agreement announced today, the all-cash transaction will bolster Lilly’s immune-oncology program through the addition of ARMO’s lead product, pegilodecakin, which has demonstrated clinical benefit in multiple tumor types.

May 9, 2018Client News
Gunderson Dettmer Advises Flipkart in $16 Billion Deal, Making Walmart Inc. its Largest Shareholder

Gunderson Dettmer acted as international and M&A counsel to Flipkart in a $16 billion deal that will make Walmart Inc. its largest shareholder. Flipkart, which has been a client since 2011, is one of India’s largest e-commerce marketplaces and includes group companies Flipkart, Myntra, Jabong, and PhonePe. Launched in 2007, Flipkart has enabled millions of customers, sellers, merchants, and small businesses to be a part of India's e-commerce revolution, offering over 80 million products across 80+ categories.

May 8, 2018Client Alerts
2018 Cayman Client Memo

As you may be aware, certain changes in Cayman Islands law relating to Anti-Money Laundering and Know Your Customer (AML / KYC) requirements go into effect in the near future. We are writing to our venture capital and private equity fund clients to remind you of such changes as well as regarding FATCA / CRS registration and reporting obligations for 2018.