Uncategorized

Treasury to Suspend Sales of State and Local Government Series Securities (“SLGS”)

The U.S. Department of the Treasury (the “Treasury”) recently announced the suspension of sales of SLGS nonmarketable Treasury securities, effective 12:00 noon Eastern Time, March 15, 2017, until further notice. The Treasury stated in its announcement that suspension is necessary due to the statutory debt ceiling. The Treasury noted that subscriptions for SLGS received prior…

Read More

McKennon Shelton & Henn Ranked Number One Bond Counsel in Maryland

McKennon Shelton & Henn LLP is proud to announce that the firm was ranked by The Bond Buyer as the number one bond counsel firm in the State of Maryland, based on the dollar amount of transactions handled in 2016. MS&H is the only firm of its size in the top five rankings. In 2016,…

Read More

U.S. News & World Report Names MS&H One of 2017’s Best Law Firms

  McKennon Shelton & Henn LLP has been nationally recognized by U.S. News & World Report and Best Lawyers magazines as one of the 2017 “Best Law Firms,” an accolade founded on “professional excellence with persistently impressive ratings from clients and peers.”  This award is a true testament to the firm’s mission to provide only the highest quality…

Read More

McKennon Shelton & Henn Ranked 7th in Northeast Region, 1st in Maryland

McKennon Shelton & Henn LLP is proud to announce that the firm was ranked by The Bond Buyer as the number one bond counsel firm in the State of Maryland, based on the dollar amount of transactions handled in 2015. The Bond Buyer ranked MS&H seventh in the Northeast Region for competitively sold transactions in…

Read More

SEC Rules Allowing Crowdfunding Become Effective

Background The U.S. Securities and Exchange Commission (the “SEC”) adopted final rules that permit eligible companies to offer and sell securities through crowdfunding. Crowdfunding is a process by which a large number of investors who may not otherwise be accredited investors can make limited investments over an internet platform known as a “funding portal.” These…

Read More

An Update from the SEC: Municipalities Continuing Disclosure Cooperation Initiative

Background On March 10, 2014, in an effort to enhance market transparency, the Enforcement Division (the “Division”) of the Securities and Exchange Commission (the “SEC”) launched the Municipalities Continuing Disclosure Cooperation Initiative (the “MCDC Initiative”). The MCDC Initiative seeks to address violations by municipal issuers and underwriters in bond offering documents, under Rule 15c2-12 of…

Read More

McKennon Shelton & Henn Ranked 6th in Northeast Region, 1st in Maryland

McKennon Shelton & Henn LLP is proud to announce that the firm is ranked sixth among bond counsel in the Northeast region for competitively sold bond issues in The Bond Buyer‘s “Northeast Midyear Review” for the first half of 2015. The Northeast region is comprised of Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey,…

Read More

McKennon Shelton & Henn LLP Expanding Into DC Market

Baltimore, MD (July 1, 2015) – McKennon Shelton & Henn LLP (“MSH”) is pleased to announce that it has combined forces with Stinson Law Group, PLLC (“SLG”), a boutique business law firm based in Washington, DC. SLG was founded by Sulee Stinson Clay, who will join MSH as a partner and Chair of its Corporate Group in…

Read More

IRS Gives Authority More Time to Spend Qualified Zone Academy Bond Proceeds

In a private letter ruling (the “Ruling”) dated December 18 and released on Friday, April 17, 2015, the IRS ruled that an authority could have additional time to spend the proceeds of its Qualified Zone Academy Bonds (“QZABs”) when “unforeseen circumstances” such as contractor disputes, permit acquisition delays and development plan changes occurred. Despite being…

Read More