Corporate Partner Louis Lehot Expands
National News
According to a press release distributed by Shepard Mullin today, Louis Lehot has joined the Silicon Valley office of Sheppard, Mullin, Richter & Hampton LLP as a partner in the firm's Corporate practice group. Lehot joins Sheppard Mullin from Simpson Thacher & Bartlett LLP in Palo Alto.
Lehot's Silicon Valley practice is focused on advising technology companies and their financial sponsors and investment banks in M&A transactions, capital raising transactions, strategic and commercial transactions, as well as corporate governance and securities law compliance matters.
Lehot's recent M&A experience includes advising SiRF Technology in its public stock-for-stock merger with CSR plc, and recent capital markets deal credits include advising the underwriters in Oracle Corporation's $4.5 billion debt financing, in Micron Technology's concurrent public common stock and convertible note offerings and in GLG Partners' convertible note offering. His clients have included technology names such as AOL, Seagate Technology and SiRF Technology, investment banks including Bank of America Merrill Lynch, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, UBS and Wachovia, as well as leading Bay Area-based financial sponsors.
"Louis is a rising star in the deal world and an excellent fit firm wide with both our Corporate practice group and technology practice, as well as our Silicon Valley office. His Wall Street law firm expertise coupled with his Silicon Valley experience will be of great value to our clients," said Guy Halgren, chairman of the firm.
Commented Lehot, "Sheppard Mullin offers a large statewide footprint for a technology company practice in Silicon Valley. Additionally, the firm's New York, Washington, D.C. and Shanghai offices and leading digital entertainment, media, energy and high technology practices provide a full-service and international platform to support our clients. I am thrilled to be joining the firm and look forward to growing the Silicon Valley corporate and transactional practice with partner Riaz Karamali."
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On April 2, 2018, U.S. Citizenship and Immigration Services (USCIS) will begin accepting petitions under the Commonwealth of the Northern Mariana Islands (CNMI)-Only Transitional Worker (CW-1) program subject to the fiscal year (FY) 2019 cap. Employers in the CNMI use the CW-1 program to employ foreign workers who are ineligible for other nonimmigrant worker categories. The cap for CW-1 visas for FY 2019 is 4,999.
For the FY 2019 cap, USCIS encourages employers to file a petition for a CW-1 nonimmigrant worker up to six months in advance of the proposed start date of employment and as early as possible within that timeframe. USCIS will reject a petition if it is filed more than six months in advance. An extension petition may request a start date of Oct. 1, 2018, even if that worker’s current status will not expire by that date.
Since USCIS expects to receive more petitions than the number of CW-1 visas available for FY 2019, USCIS may conduct a lottery to randomly select petitions and associated beneficiaries so that the cap is not exceeded. The lottery would give employers the fairest opportunity to request workers, particularly with the possibility of mail delays from the CNMI.
USCIS will count the total number of beneficiaries in the petitions received after 10 business days to determine if a lottery is needed. If the cap is met after those initial 10 days, a lottery may still need to be conducted with only the petitions received on the last day before the cap was met. USCIS will announce when the cap is met and whether a lottery has been conducted.