Client News Briefs

Lozano Smith Attorneys Negotiate Nation's First Settlement Agreement Under New Municipalities Continuing Disclosure Cooperation Initiative

Since the SEC announced the new MCDC Initiative in March earlier this year issuers and public finance professionals have wondered what form enforcement of the new Initiative would take, what the process would look like, and what is the meaning of a "favorable" settlement. The Wall Street Journal reports the nation's first settlement under the initiative, negotiated by Lozano Smith on behalf of a California school district. Read the article here or here.

If you have any questions regarding ongoing and continuing compliance, please contact Jeff Kuhn in our Fresno Office, or Greg Wedner or Daniel Maruccia in our Sacramento Office.

Lozano Smith Bond Counsel
Lozano Smith Public Finance attorneys have served as Bond Counsel, Disclosure Counsel, Special Counsel, and Issuer's Counsel for many school districts, cities, redevelopment agencies, and financing authorities. Financings have included both traditional and Proposition 39 General Obligation Bonds, Refunding Bonds, Revenue Bonds, Mello-Roos Bonds, Marks-Roos Pooled Bonds, Bond Anticipation Notes, Certificates of Participation, Lease and Lease-Purchase Financings, and Tax and Revenue Anticipation Notes. While the vast majority of these financings have been tax exempt, we also have Bond Counsel experience with taxable bonds such as Build America Bonds and Qualified Zone Academy Bonds.

As the information contained herein is necessarily general, its application to a particular set of facts and circumstances may vary. For this reason, this News Brief does not constitute legal advice. We recommend that you consult with your counsel prior to acting on the information contained herein.