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Client Success: HMB Represents Kuur Therapeutics Inc. in Sale to Global Biopharmaceutical Company05/12/2021

HMB congratulates client Kuur Therapeutics Inc. ("Kuur"), a clinical-stage biopharmaceutical company focused on the development of off-the-shelf CAR-NKT cell immunotherapies for the treatment of solid and hematological malignancies, and its CEO Kevin S. Boyle, Sr., on a successful sale to Athenex, Inc. ("Athenex"), a global biopharmaceutical company dedicated to the discovery, development and commercialization of novel therapies for the treatment…

Marilyn A. Wethekam Featured in State Tax Notes Article, “Marilyn Wethekam: A SALT Trailblazer Who’s Paid the Cost”05/10/2021

Read the full article by State Tax Notes written by Doug Sheppard here. In one of the most famous scenes from The Blues Brothers, Sister Mary Stigmata doles out rapid-fire corporal punishment with a ruler on Jake and Elwood Blues, then breaks it on Elwood's head before Jake crashes down an adjacent flight of stairs in the ensuing chaos. “Get out! And don’t come back until you’ve redeemed yourselves,”…

Client Success: Svoboda Capital Announces Partnership with Marcus Thomas04/27/2021

Svoboda Capital Partners ("SCP"), a private equity firm, announced its recapitalization of Marcus Thomas LLC ("MT"), a full-service marketing and advertising agency. HMB represented SCP in the recapitalization. Financial details of the transaction were not disclosed. SCP is a Chicago-based private equity firm that invests in leading middle market growth companies. Founded in 1998, the SCP team has more than…

Chris T. Lutz Discusses the PepsiCo Unitary Group and the Illinois Tribunal with State Tax Notes04/26/2021

In "PepsiCo Unitary Group Includes Member, Illinois Tribunal Says" Chris T. Lutz discusses the ruling with State Tax Notes. Read the full article by State Tax Notes here. The Illinois Tax Tribunal ruled that a member of PepsiCo’s business group is a company conducting business within the United States, and its income is included in the unitary group’s income. The…

Client Success: HMB Represents Vetspire in Sale to Industry Leading Veterinary Management Group Pathway Vet Alliance04/26/2021

HMB would like to congratulate Vetspire, an artificial intelligence veterinary medical record and practice management platform, and founder Sam Ginn on a successful sale to Pathway Vet Alliance ("Pathway"), an industry leading veterinary management group serving pets and their parents at more than 400 locations throughout the U.S. Terms of the acquisition were not disclosed. Founded in 2017, Vetspire’s software…

Jordan M. Goodman Named to Law360’s 2021 Tax Authority State & Local Tax Advisory Board04/20/2021

Law360 named Jordan M. Goodman as a part of the 2021 State & Local Tax editorial advisory board. The board provides feedback on Law360's coverage and expert insight on how best to shape future coverage. On the board with Jordan is Alvan L. Bobrow of Barton LLP, John Fletcher of Jones Walker LLP, Richard Jones of Sullivan & Worcester LLP,…

Client Success: HMB Represents Lightstream in Sale to UK-based Publicly Traded Company Vitec Group04/15/2021

HMB would like to congratulate Lightstream and its CEO and Co-founder Stu Grubbs, COO and Co-founder Aaron Hassell, CCO and Co-founder Ryan Forquer and Principal Engineer and Co-founder Dan Trocchio on a successful sale to Creative Solutions, a division of Vitec Group, a UK publicly traded company on the London Stock Exchange. Lightstream is a US-based tech company that builds…

Client Success: Dunes Point Capital, LP Announces Premium Label & Packaging Solutions’ Acquisition of Label Graphics Manufacturing, Inc.04/15/2021

Premium Label & Packaging Solutions, LLC ("PLPS"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired Label Graphics Manufacturing, Inc. ("LGM"). Headquartered in Rye, NY, PLPS is a group holding company for specialty label converters producing custom pressure-sensitive labels, shrink sleeves and related packaging products for the health, wellness, personal care, food and beverage and other markets. DPC…

Client Success: HMB Represents Skubana in Sale to Cloud-based Warehouse Management Systems Leader 3PL Central04/12/2021

HMB congratulates Skubana in their strategic sale to 3PL Central ("3PL"), expanding their supply chain technology and filling an important gap in the ecommerce and omnichannel ecosystem. The combination of Skubana's intelligent order orchestration with 3PL Central's extensive network of warehouses offering ecommerce fulfillment and retail replenishment is expected to open a new chapter in software, allowing companies to have…

Client Success: WorkChew Announces $2.5M Series Seed Funding Round03/30/2021

HMB would like to congratulate WorkChew and its co-founders, Maisha Burt and Allyson McDougal on a successful funding round. WorkChew, a startup that turns hotels and restaurants into on-demand flexible workspaces, raised $2.5 million. With WorkChew, company employees can access workspaces wherever they are: whether in an urban corridor or a suburb outside of a major city. Membership is often…

Aaron L. Hammer Featured in the March 2021 TMA Quarterly Newsletter03/29/2021

Aaron L. Hammer was featured on the cover of Turnaround Management Association Chicago's Newsletter of Corporate Renewal celebrating its 30 year anniversary. The newsletter celebrates the TMA's focus on growing networks, identifying business opportunities, adding to its members' knowledge base, providing leadership and having fun with great people. As Aaron said, "TMA is -- and always will be -- family.…

Chris T. Lutz Discusses P.L. 86-272’s Role in the Modern Economy with State Tax Notes03/25/2021

In this article by State Tax Notes, Chris T. Lutz discusses P.L. 86-272's role in the modern economy. Download the full article here. During a March 17, 2021 panel of the American Bar Association/Institute for Professionals in Taxation virtual seminar on income tax, Chris wondered about the timing of the work group starting a few months after the 2018 South…

Jordan M. Goodman Discusses Chicago’s Guidance and Economic Nexus Safe Harbor with State Tax Notes03/25/2021

In this article by State Tax Notes, Jordan M. Goodman discusses Chicago's guidance and economic nexus safe harbor. Download the full article here. Speaking during the Virtual 2021 American Bar Association/Institute for Professionals in Taxation Advanced Sales and Use Tax Seminar on March 15, Jordan applauded the city for issuing the guidance. The city “actually did something that I have…

Sara O’Reilly Joins the Legal Podcast “Non-Compliant” to Discuss Running a Law Firm in 2021 and Why Diversity and Inclusion is Imperative for Success03/12/2021

HMB’s Chief Executive Officer, Sara E. O’Reilly was interviewed by Jay Edelson, Host of legal podcast, Non-Compliant. Their conversation spans a variety of topics including running a law firm as a non-lawyer, why firms need a 5-year plan and why Diversity and Inclusion is imperative …

Client Success: Dunes Point Capital, LP Announces Specialty Products and Insulation’s Acquisition of Building Insulation Distributor03/11/2021

Specialty Products and Insulation ("SPI"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired Rocky Mountain Construction Wholesale, LLC ("RMCW"). Headquartered in Charlotte, NC, SPI is a value added distributor and fabricator of mechanical and building insulation products and complementary products for commercial and industrial applications. The Company currently operates 56 distribution branches and 13 co-located fabrication facilities…

Client Success: AeroPay Raises $5M+ in Venture Round03/10/2021

HMB congratulates Aeropay, a Chicago-based digital payments platform powering bank transfer payments for businesses, and CEO and Founder Daniel Muller on announcing the closing of a $5+ million venture round. AeroPay is a next-generation payments company, reimagining the way money is moved in exchange for goods and services. Since its founding, AeroPay has operated with the goal of simplifying payments…

David A. Hughes Elected to the Chicago Tax Club Board of Directors03/02/2021

HMB congratulates David A. Hughes on being elected to the Chicago Tax Club Board of Directors. David is a partner in HMB’s State and Local Tax (SALT) Group and is a member of HMB's Board of Directors. He helps clients limit their state and local tax exposure through sensible planning and, when necessary, vigorous litigation strategies. David advises Fortune 500…

Jordan M. Goodman Discusses the Tax Injunction Act and State Tax Issues Being Filed in Federal Court with Law36002/25/2021

In this article by Law360, Jordan M. Goodman discusses the Tax Injunction Act and state tax issues being filed into federal court. Read the full article by Law360 here. The complaint by the U.S. Chamber of Commerce, Internet Association, NetChoice and Computer & Communications Industry Association, filed Feb. 18, had been widely expected, but it contained a procedural twist. It…

David A. Hughes Discusses IL Gov. Pritzker’s Pitch to Raise State Budget with Law36002/23/2021

In this article by Law360, David A. Hughes discusses Illinois Gov. J.B. Pritzker's budget plan that would reverse several tax laws that the governor signed just two years ago, including a phaseout of the state's franchise tax. Read the full article by Law360 here (subscription required). Illinois' governor proposed temporarily capping net operating losses, reducing state deductions for global intangible…

HMB Represents Ashling Partners In Growth Capital Investment by Thomas H. Lee Partners02/18/2021

Ashling Partners, LLC ("Ashling"), a professional services and technology firm, announced the closing of a growth capital investment by funds managed by Thomas H. Lee Partners ("THL"). Joshua Bresler, THL Managing Director, and Kearney Shanahan, THL Director, will join the Ashling board of directors as part of the transaction. “The investment and partnership with THL not only enables our global…

HMB Congratulates FingerprintJS on Closing Series A Funding Round02/15/2021

HMB congratulates FingerprintJS and its founders, Dan Pinto and Valentin Vasilyev, on closing an $8M Series A financing round. The company, a new kind of toolkit offering a browser fingerprinting service, is based on an open-source project that already has 10 million downloads and 8,000 websites using the service. Fingerprint JS plans to use the capital to expand its fraud prevention…

Aaron L. Hammer Discusses the Impact of COVID-19 on the Restaurant Industry and Successfully Navigating Restaurant Workouts with American Bankruptcy Institute’s (ABI) February 2021 Journal02/05/2021

In this ABI Journal article, Aaron L. Hammer discusses the impact of COVID-19 on the restaurant industry and managing Red South Beach through the crisis. Download the full article here. (more…)…

Aaron L. Hammer Discusses Gencanna’s $1.2M Lawsuit Against Pillsbury Winthrop with Law36002/04/2021

In this article by Law360, Aaron L. Hammer discusses GenCanna filing an adversary proceeding seeking $1.2 million back that the company paid to law firm, Pillsbury Winthrop Shaw Pittman LLP ("Pillsbury"). Read the full article by Law360 here (paid subscription required). (more…)…

Marla M. Izbicky Presents Award to Hon. Jorge Alonso at the Women’s Bar Association of Illinois 22nd Annual Virtual Judicial Reception – 3/5/2102/01/2021

On March 5, 2021, Marla M. Izbicky, a member of HMB’s litigation and technology practice groups, will be speaking at the Women’s Bar Association of Illinois’s (WBAI) 22nd Annual Virtual Judicial Reception. As a Director of the WBAI and chair of the Judicial Reception, Marla will present the Mary Heftel Hooton award to the Honorable Jorge Alonso of the United…

David A. Hughes Discusses Chicago’s “Netflix Tax” with Bloomberg Law Tax01/25/2021

In this article by Bloomberg Law Tax, David A. Hughes discusses Chicago's "Netflix Tax". Read the full article here. (more…)…

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