Recent Accomplishments - Corporate Department

--  Represented Maryland-based Investment Management Group, LLC in the launch of its new investment fund, Weirton Fund, LLC.  Scott Museles and Debbie Klis advised Investment Management Group on the structuring of the $10 million investment fund and a private placement offering of Membership Units under Rule 506.  The Weirton Fund will primarily invest in micro to mid-capitalization stocks focusing on companies with a high return on stockholder equity.

--  Represented Washington, DC-Metro Area based Insurance Company in the launch of its new life off-shore insurance settlement fund located in the Cayman Islands.

--  Represented Washington, DC-Metro Area based company in a private equity raised under Rule 504 to purchase commercial industrial properties around the United States.  Scott Museles and Debbie Klis advised the company on various federal and state securities issues.

--  Represented Destination Cellars in a private offering for investor equity to grow this new company.  Founded by David Keuhner in November 2006, Destination Cellars is offering memberships to provide enthusiasts of wine, food and travel with exclusive and personalized access to prestigious winery properties around the world.

--  Represented Washington, DC-Metro Area based private equity fund in the launch of its new investment fund.  Scott Museles and Debbie Klis advised the Fund on the structuring of the $25 million equity fund.  The Fund will invest in five to seven Mid-Atlantic companies annually over a five year period.

James M. Hoffman, a member of the Corporate Department, assisted a client in the acquisition of stock from an equal owner. The spouses of the co-owners also worked for the corporation.  The transaction, while relatively small, resulted in sole ownership belonging to the Firm's client, the execution of a noncompetition agreement (including nondisclosure of confidential information, a covenant not to compete and a covenant of nonsolicitation) and the stability of the business. With the assistance of counsel, the parties were able to avoid a liquidation proceeding.

Shulman Rogers represents Signia Partners, Inc., a leading provider of in-depth business research and fact-based decision support, in the sale of its business to publicly traded Find/SVP, Inc.  Don Rogers and Scott Museles led the Shulman Rogers team, advising Signia and its founder and CEO in the structuring and negotiation of the transaction.

Daniel S. Krakower, a shareholder in the Firm's Corporate Department, recently represented Lowe Enterprises Real Estate Group - East, Inc. (Lowe) in connection with the negotiation of a joint venture agreement to redevelop over 3 acres of property located at 5th and K Streets in the District of Columbia (former National Wax Museum site). The $170 million mixed-use project will contain over 625 residential units, over 100,000 square feet of retail space (including a Safeway grocery store) and over 850 below grade parking spaces. Lowe, as Master Developer of the project, leads a team of four joint venture partners that was selected to develop the project by the RLA Revitalization Corporation (formerly the District of Columbia's Redevelopment Land Agency), a quasi-public economic development company that utilizes its DC real estate holdings as a key to revitalize DC neighborhoods. The project is slated for commencement in 2005.