Partner Jake M. Shields spoke to Private Funds CFO to discuss recent amendments to the U.S. state of Massachusetts’ False Claims Act and their impact on private equity GPs with portfolio companies doing business in the state or with local governments.
The changes require sponsors to report any identified violations within 60 days to the state or relevant localities or face financial penalties and damages.
Jake explained that while GPs can already potentially be held liable under federal law in certain situations such as where they are found to have actively or even passively “ratified” unlawful conduct by portfolio companies, the Massachusetts update goes further by implementing an affirmative duty to report known misconduct. As he told the publication, “They take the ratification theory and turbocharge it.”
Gibson Dunn is advising Alcon on its $1.5 billion acquisition of STAAR Surgical Company.
Our corporate team includes partners Branden Berns, Evan D’Amico, and George Sampas, along with associate Jonathan Sapp.
Gibson Dunn announced today that David L. Perechocky has joined the firm’s New York office as a partner in the Real Estate Practice Group and Real Estate Investment Trust (REIT) Industry Group. David has a wide-ranging real estate transactional practice counseling REITs, real estate private equity sponsors, and other real estate companies and real estate-related businesses.
“We’re excited to welcome David to Gibson Dunn,” said Eric M. Feuerstein, Co-Chair of the Real Estate Practice Group. “David is a top real estate M&A dealmaker whose broad experience and impressive deal sheet will benefit clients navigating today’s market environment. With rising demand for REIT M&A transactions, including take-private deals, and a growing need among investors to access REIT capital markets, David’s deep experience managing complex and creative deal structures will be invaluable.”
“I’m thrilled to begin the next chapter of my career at Gibson Dunn,” said David. “Over the years, I’ve sat across the table from the Gibson Dunn team during numerous successful deal negotiations, and I know firsthand how tremendously talented and collaborative they are. The opportunity to expand my transactional practice by building on the firm’s premier real estate platform was highly compelling. As private equity increasingly focuses on private credit, sponsor consolidation, secondaries, and REIT capital-raising—including from retail investors—and public REITs continue to pursue accretive growth opportunities, I’m excited to help clients navigate these evolving dynamics with tailored strategies for complex deal structuring and capital access.”
Gibson Dunn’s Real Estate Practice defines excellence in legal real estate, leveraging its exceptional size, scope, and global reach to deliver powerful outcomes for the industry’s most prominent players. The REIT Industry Group advises on deal, tax, and litigation-related aspects of REIT investing. Its transactional experience spans capital markets work and includes representing all parties in both public and private transactions—such as initial public offerings and debt and equity offerings.
About David L. Perechocky
David advises clients on public and private company mergers and acquisitions, strategic portfolio transactions, joint ventures, creation and acquisition of platforms, and other corporate and securities law matters, particularly for REITs, real estate private equity sponsors, and other real estate companies and real estate-related businesses. He has experience counseling real estate fund sponsors on the formation, registration, and management of non-traded REITs, private REITs, and other permanent capital vehicles in the real estate, real asset, and real estate credit sectors.
Prior to joining Gibson Dunn, David served as a partner at another leading international law firm. He earned his law degree from New York University School of Law in 2012, where he served as a staff editor for the New York University Journal of International Law and Politics.
Partner Sandy Bhogal, Co-Chair of our global Tax Practice, spoke to Bloomberg Law about an ambitious United Nations tax project that will bring all countries together to forge global corporate tax rules reflecting the will of developing economies.
Sandy said: “Given all of the selling that they have done hard to the developing countries about how it will be a more consultative and consensual process, now they’re going to have to prove it.”
Gibson Dunn represented Welltower Inc. and Welltower OP LLC in a public offering of $400 million aggregate principal amount of Welltower OP’s 4.500% Notes due 2030 and $600 million aggregate principal amount of Welltower OP’s 5.125% Notes due 2035 pursuant to its automatic shelf registration statement. The notes are a further issuance of the notes of the applicable series that Welltower OP issued on June 27, 2025. Wells Fargo Securities, LLC, BofA Securities, Inc. and Goldman Sachs & Co. LLC acted as representatives of the underwriters for the offering.
Our team included partner Andrew Fabens and associates Lawrence Lee, Ian Mathenge, and Chad Kang. Partner Brian Kniesly and associates Ray Noonan and Nick Pai advised on tax matters.
Hong Kong partner William Hallatt recently spoke to Radio Television Hong Kong’s (RTHK) The Close programme about the city’s new sophisticated professional investor (SPI) regime.
In the interview, Will highlighted the key disclosure requirements for SPIs and how they can navigate cross-border transactions. He also noted that while the regime gives SPIs access to a wider range of complex financial products, it offers fewer regulatory protections than before.
Will is Global Co-Chair of our Financial Regulatory Practice Group and leads the Asia-Pacific Financial Regulatory practice.
Listen here: https://podcast.rthk.hk/podcast/item.php?pid=2355&eid=262581&lang=en-US
The Daily Journal has named partners Michele Maryott and Katherine Smith in its list of Top Labor & Employment Lawyers in California for 2025.
Partner David Woodcock delivered opening remarks at a symposium hosted by the Texas A&M University School of Law, on the topic of the Texas Business Court and the future of corporate governance.
In his remarks, covered by the Journal of Law & Civil Governance at Texas A&M, David discussed the latest developments in Texas’s corporate regulatory environment and how the creation of the Texas Business Court could further enhance the state’s appeal to business and innovation.
Partner Samuel Ogunlaja and associates Vlad Zinovyev and Andrea Calla examine the latest trends and developments in petroleum-related activities in the United Arab Emirates (UAE) in an updated version of their article for Chambers and Partners guide, Oil, Gas, and the Transition to Renewables.
The article, the first version of which was published in 2024, explores the most recent developments in domestic and international upstream assets, key downstream projects, and the broader energy transition. It also assesses changes in the debt and equity capital markets, as well as the impact of political events on the UAE’s upstream sector.
The team further highlights the UAE’s drive to become a “Green Falcon Economy,” its expanding investments in international oil and gas companies, and the transformative role of AI in shaping the country’s energy landscape.
Gibson Dunn recently secured a $46 million verdict in a Dallas County trial over the 2020 purchase of Cicis Pizza. Speaking to The Texas Lawbook about how our Dallas team blended deep experience with rising talent, partner Trey Cox emphasized the importance of early courtroom exposure. He recalled trying a case as second chair just three months into practice and said, “If I could do that, then they can absolutely do that.”
Fourth- and fifth-year associates Andrew Mitchell and Arjun Ogale played key roles from the outset. They took depositions, argued pre-trial motions, and managed client communications, gaining hands-on experience under the guidance of senior trial lawyers.
Trey and fellow partners Betty Yang, Andrew LeGrand, and Brad Hubbard all stressed the value of giving associates meaningful responsibility. As Betty told the publication, “There’s no substitute for seeing it and doing it.” She added that having associates prepare witnesses and observe how their work is applied in court is “always a fantastic way to get people ready for their own examinations, and to train up the next generation of trial lawyers.”
Writing for Compliance & Enforcement, partners Jeffrey Steiner, Jason Cabral, Rosemary Spaziani, and Sara Weed examine the provisions and implications of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), signed into law on July 18, 2025.
The GENIUS Act establishes a comprehensive framework for the U.S. approach to digital assets and related activities.
Their article discusses the Act’s framework to become a permitted stablecoin issuers, the dual-licensing framework, including the potential impact on state law pre-emption, restrictions on permitted stablecoin features, and answers other key questions the Act.
Partner Jason Schwartz is co-author of Whistleblower Law: A Practitioner’s Guide, Release 16. This edition features the first-ever Operating Plan released by the U.S. Internal Revenue Service (IRS) Whistleblower Office, outlining six strategic priorities aimed at improving efficiency, fairness, transparency, and data protection through 2027.
It also covers the IRS’s 2024 updates to its Internal Revenue Manual, which clarify disaggregation criteria for earlier whistleblower awards and improve Freedom of Information Act response procedures to better protect whistleblower records.
Gibson Dunn advised Dextra Partners, a multi-strategy private equity firm focused on the middle market, on the final closing of Dextra Co-investment Fund VII at its $825 million hard cap.
The fund significantly exceeded its initial $650 million target and brings Dextra’s total assets under management to approximately $5 billion.
Our corporate team was led by partner A.J. Frey and included partners James Hays and Edward Sopher, and associates Kevin Chapman, Sam Stender, Maggie Valachovic, and Jeff Xu. Partner Daniel Zygielbaum and associate Galya Savir advised on tax. Partner Michael Collins advised on benefits. Of counsel Gregory Merz advised on regulatory.
Partner and Co-Chair of our Tax Practice Group, Eric Sloan, recently spoke to Bloomberg Law about the U.S. Treasury Department and the Internal Revenue Service’s new guidance on the corporate alternative minimum tax (CAMT). “It is clear that the government has listened to comments from the bar and taxpayers,” he said.
Eric highlighted the introduction of a “top-down” approach and a new taxable-income exception as particularly beneficial for tiered partnerships. He described the exception as “a great addition,” with eligibility standards that are “particularly generous and appropriate.” While acknowledging that “the rules will remain complicated,” Eric emphasized that the updates are “yet another welcome change” for taxpayers navigating CAMT.
July 31, 2025 – Gibson Dunn is pleased to announce its DOJ Data Security Program Task Force—a cross-disciplinary team designed to help clients understand and comply with the U.S. Department of Justice’s (DOJ) new regulatory framework: the Data Security Program (DSP). Under rules issued by the DOJ’s National Security Division (NSD), this framework restricts access to bulk U.S. sensitive personal data and U.S. government-related data and affects a broad range of U.S. businesses—particularly those that collect, process, transfer, or grant access to such data through relationships with foreign vendors, investors, partners, or service providers.
The Task Force brings together seasoned lawyers from Gibson Dunn’s market-leading National Security, White Collar Defense and Investigations, Cybersecurity, International Trade, and Corporate Governance Practice Groups. This integrated team offers clients comprehensive, practical counsel on how to identify, assess, and manage potential legal obligations and compliance risks under the DSP.
“As the federal government sharpens its focus on the protection of sensitive personal and government data, companies must be prepared to meet new and evolving compliance obligations,” said Vivek Mohan, a Task Force member who Co-Chairs the Artificial Intelligence Practice Group and is a member of the Privacy, Cybersecurity, and Data Innovation Practice Group. “At its core, the DSP reflects a new paradigm for regulating access to data under U.S. law—subjecting globally integrated companies to U.S. national security scrutiny and exposing businesses to potential civil or criminal penalties if risks are not properly assessed and managed. Our Task Force is uniquely positioned to provide strategic, actionable guidance that addresses these challenges while aligning with overlapping obligations under domestic and international privacy, security, and trade frameworks.”
Stephenie Gosnell Handler, a Task Force member and Partner in the International Trade and Privacy, Cybersecurity, and Data Innovation Practice Groups, added: “The DOJ’s new Sensitive Data Regulations create a complex, high-stakes compliance environment for businesses that handle large volumes of personal data or work with the U.S. government. These rules are a regulatory chimera—adapting concepts from export controls, CFIUS, sanctions, cybersecurity, and data protection laws in a manner intended to achieve national security objectives and carrying significant enforcement implications. Our Data Security Program Task Force is designed to help clients cut through that complexity. We bring together regulatory depth, investigative insight, and real-world experience to help companies build durable, defensible compliance strategies that align with DOJ expectations and global data regimes.”
Gibson Dunn’s Data Security Program Task Force includes former senior government officials, former in-house legal department leaders, and experienced white collar defense counsel. The team is equipped to advise on:
- Assessing exposure to DOJ data security regulations;
- Implementing compliance frameworks and policies aligned with DOJ expectations;
- Managing competing obligations under U.S. and international data protection regimes;
- Advising senior leadership on their oversight and management responsibilities;
- Responding to DOJ inquiries and enforcement actions; and
- Demonstrating proactive compliance posture to regulators and stakeholders.
This Task Force underscores Gibson Dunn’s ongoing commitment to helping clients navigate complex legal environments with forward-thinking, multidisciplinary solutions. For more information on the Task Force, visit: https://www.gibsondunn.com/doj-data-security-program-task-force/
Gibson Dunn is advising Publicis Groupe and Publicis Health, the world’s most connected and data-powered health communications network, on the acquisition of p-value Group, a premier full-service medical communications group serving top-tier life sciences clients.
Our corporate team is led by partner Quinton Farrar and includes associates Nicolette Fata and Kira Dennis.
Gibson Dunn represented GE Aerospace in its offering of $1 billion aggregate principal amount of 4.300% Notes due 2030 and $1 billion aggregate principal amount of 4.900% Notes due 2036.
J.P. Morgan Securities LLC, BofA Securities, Inc., and Morgan Stanley & Co. LLC acted as joint book-running managers.
Our team included partner Andrew Fabens, of counsel Rodrigo Surcan, and associate Kevin Mills. Partner Jennifer Sabin advised on tax.
Gibson Dunn has been named an international firm of the year for taxation at the China Business Law Awards 2025, presented by the China Business Law Journal.
The awards celebrate those law firms that have navigated China’s complex and shifting economic landscape with “deep expertise and innovative approaches to thrive in an increasingly competitive environment.”
Our award-winning team includes partners Brian Gilchrist and Elaine Chen, and associates Carrie Yuen, Andrew Cheng, Peter Chau, Yolanda Lau, Jacky Fung, and Ryan Cheung.
Gibson Dunn has once again been named a Key Player in the India Business Law Journal’s 2025 report, which recognizes the top foreign law firms for India-related work. The publication noted that India-focused clients consistently rely on our firm for “high-profile assignments across practice areas and industries.”
The report highlighted several of our notable achievements over the past year, including representing U.S.-based private equity firm Veritas Capital in its $2.5 billion acquisition of the digital banking business of NCR Voyix, and advising RedBird Capital on investment opportunities in India’s sports and entertainment sectors.
Read more.
Gibson Dunn advised Glenwood Private Equity, a leading independent investment firm headquartered in Seoul, on the formation of Glenwood Private Equity Fund III, which closed with total commitments of $1.1 billion.
The fund exceeded its $1.0 billion target and was significantly oversubscribed, attracting strong support from existing domestic investors and a broad base of new offshore limited partners, including institutional investors across Asia-Pacific, Europe, and North America.
The team was led by partner Albert Cho and included associates Brian Seungwon Ham, Christina Fong, and Rachelle Tong. Partners Daniel Zygielbaum, Sandy Bhogal, and Benjamin Rapp, along with associates Eugene Wei-En Woo, Duncan Hamilton, James Chandler, and Daniel Reich advised on tax. Partner Michael Collins advised on ERISA aspects.