Welcome to the inaugural issue of the Earnout, a print and digital publication focused squarely on the middle (upper, middle and lower) financial services market (what is financial service: hedge, private equity, independent sponsors, venture and just about anyone who transacts in the largest segment of the US economy).

Baum’s initial legal aspirations gradually gave way to an abiding ardor for the corporate arena.

On January 4, 2024, the North American Securities Administrators Association (the “NASAA”) published a proposed amendment to their model rule which exempts certain mergers and acquisitions brokers who receive a commission (“M&A Brokers”) from federal broker-dealer registration

Despite their varying formats and terms, LOIs primarily serve to outline the basic structure of a deal and express the parties’ intent to continue negotiations.