Credit Unions

Representative Experience

• Advised CULedger, a technology startup that brings blockchain solutions to the credit union industry, on corporate organization, operating agreement, private placement memo, and licensing and other technology agreements.
• Prepared private placement memoranda for $10 million SEC Rule 506(b) offering of Blockchain/distributed ledger startup focused on Credit Union industry.
• Represented credit union in largest-ever acquisition of bank branches in the United States.
• Advised credit unions on legal issues surrounding credit union mergers and acquisitions; patent infringement claims brought by "patent trolls;” website, e-commerce, and intellectual property matters; IT and other vendor agreements and licenses; and various corporate governance and financial regulatory issues.
• Organized and advised credit union service organizations (CUSOs) on myriad business, licensing, regulatory and security issues.
• Assisted credit unions in implementing complete rebranding of their institutions.
• Litigated complex commercial disputes for credit unions, CUSOs, and credit union trade associations.
• Represented major credit union in successfully resolving several potentially significant claims asserted by state regulators. Successfully resolved all issues so it could continue to operate its indirect lending program.
• Represented credit union in dissolution proceedings before regulators. Communicated with credit union members to dissolve both in compliance with state law and to benefit members.