Skadden CFIUS Partner Goes In-House as CLO of Venture Capital Fund
The market for experienced attorneys who can advise clients undergoing reviews by the Committee on Foreign Investment in the United States has been hot as new changes are proposed to the review process.
October 15, 2019 at 04:26 PM
3 minute read
Skadden, Arps, Slate, Meagher & Flom national security partner Donald Vieira has gone in-house as chief legal officer of venture fund Sequoia Capital.
Sequoia confirmed that Vieira joined the company in late September. Vieira had originally joined Skadden in July 2017 as a partner in the firm's Washington, D.C., office. Previous stops include a six-year stint at Wilson Sonsini Goodrich & Rosati and the U.S. Department of Justice's national security division, where he was chief of staff.
Skadden did not respond to a request for comment on the departure. Vieira was unavailable to speak on his move.
Vieira represents clients whose investments are being reviewed by the Committee on Foreign Investment in the United States, known as CFIUS. He also provides cybersecurity and regulatory guidance. In 2016, he provided regulatory and compliance counsel to LinkedIn Corp. on its $26.2 billion acquisition by Microsoft Corp.
Sequoia Capital, based in Menlo Park, California, is a big player in the venture capital space. The company has made 1,276 investments and has raised a total of $15.3 billion over 22 funds, according to startup analysis site Crunchbase. The company's site says it has invested in companies whose market value is worth, on aggregate, $3.3 trillion.
CFIUS experience is highly valued, as there has been high demand for CFIUS expertise over the last year. Last year, President Donald Trump signed the National Defense Authorization Act for the Fiscal Year 2019, and CFIUS practitioners have been seeing an uptick in the administration's staffing, monitoring and monitoring efforts.
On top of that, changes to the law and review process are currently underway. In September, the Treasury Department released new guidelines, which among other rules require a CFIUS review of minority stakes in investments in more industries and additional real estate transactions.
With this uncertainty comes increased client need to navigate the new regulations, and firms have been beefing up their CFIUS practices. In July, Skadden lost another CFIUS lawyer, Jonathan Gafni, to Linklaters, and Vinson & Elkins poached Damara Chambers from Covington & Burling. Just a month before, experienced CFIUS practitioner Stefan Reisinger jumped from Morgan, Lewis & Bockius to Norton Rose Fulbright.
|Similar Stories:
CFIUS Arms Race Heats Up With Hires at V&E, Linklaters, Norton Rose Fulbright
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllAkin, Baker Botts, Vinson & Elkins Are First Texas Big Law Firms to Match Milbank Bonuses
4 minute readBCLP Exploring Merger Prospects as Profitability Lags, Partnership Shrinks
Anticipating a New Era of 'Extreme Vetting,' Big Law Immigration Attys Prep for Demand Surge
6 minute readTrending Stories
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250