Stinson Partner Dave Frantze represented KU alumni Paul and Katherine DeBruce in negotiations for the DeBruce Center at the University of Kansas. In addition to providing much needed dining and meeting facilities, the three-story center will become the permanent home of James Naismith's original Rules of Basket Ball and will be connected to the northeast corner of historic Allen Fieldhouse.
Stinson announces that according to data from SNL Financial, Stinson advised on more bank and thrift mergers and acquisitions, and branch sales, than any other U.S. legal advisor in 2012. The attorneys in Stinson's Banking & Financial Services Division advised on 14 whole bank transactions and five branch transactions that were announced in 2012.
Stinson Partner Mike Parrish helped secure an additional $48 million for the Arizona Health Care Cost Containment System as a result of a settlement reached with the tobacco companies that are parties to the 1998 tobacco Master Settlement Agreement (MSA). The new funds are in addition to the $100 million per year Arizona normally receives under the MSA.
The Federal Deposit Insurance Corp. closed two of Capitol Bancorp's 11 units on Friday, May 10. American Banker examined how the bank failures will affect regulatory oversight of Capitol as well as adversely affect the company's bankruptcy restructuring. Ernie Panasci, a banking and financial services partner at Stinson Morrison Hecker LLP, predicted the failures will prompt tighter regulatory supervision of the company, which is operating under an enforcement order from the Federal Reserve.
The February edition of Public Utilities Fortnightly features an article by Stinson Partner Jonathan Schneider (“NERC on a Wire”) addressing the substantial challenges faced by the North American Electric Reliability Corporation (NERC), the organization responsible for reliability oversight of the nation's electric grid.