Steve LaRose is deputy chair of the Private Investment Fund Disputes team. He is a skilled commercial litigator who works with clients to resolve their business problems, particularly in defense of SEC investigations, and in disputes amongst parties in the areas of private equity and hedge funds, the securities laws, corporate governance, partnerships, tax credit investments and financial services.
Whether in large corporations, financial institutions, partnerships or closely held corporations, disputes continue to arise over corporate governance, fiduciary concerns, alleged violations of the U.S. securities laws and corporate control matters. I regularly represent businesses and individuals in front of the Securities & Exchange Commission (SEC), as well as state securities regulatory bodies. I am currently involved in defense of a number of actions asserted against clients by the SEC involving alleged disclosure issues in municipal bond offerings.
I represent private equity funds, hedge funds and managers and institutional investors to resolve disputes concerning fund management, compliance issues, redemptions and valuation matters. Currently, I am working on a client matter involving a challenge to a fund’s valuation.
More and more, I see a trend involving private equity funds’ involvement in disputes at the operating company level, generally over management of the operating company or its dealings with third parties. Recently, I defended a private fund sued in its capacity as decision maker for one of its portfolio companies. Similarly, the SEC continues to be active in this space, paying particular attention to private equity firms’ methods of receiving fees.
I work with the firm’s first-in-class Tax Credit Syndication group, and I help clients protect their tax credit investments by resolving disputes between partners, working out problems at the operating partnership level and attending to tax credit compliance issues.
While the new administration has preached less regulation, I continue to see aggressive enforcement efforts by the SEC, with an emphasis on perceived failures in disclosure materials and heightened concern for the amount and type of fees that managers collect.
The Bond Buyer | October 03, 2016
Boston Government Investigations & White Collar Defense partner Brian Kelly is quoted throughout this piece that follows the ongoing developments in the fight between Peter Cannava and the Securities and Exchange Commission. Boston commercial litigation partner Steve LaRose and associate Kathleen Ceglarski Burns are also part of the legal team representing Cannava.
The Bond Buyer | August 05, 2016
This coverage notes Nixon Peabody’s recent win on behalf of client Peter Cannava, involving SEC claims related to a bond offer involving former MLB pitcher Curt Schilling. Boston partners Brian Kelly and Steve LaRose, Providence counsel Charles Tamuleviz and Boston associate Kathleen Ceglarski Burns are listed as the litigation team, and Brian Kelly is quoted.
Law360 | December 18, 2015
Boston partner and deputy chairman of the Private Investment Fund Disputes team Stephen LaRose and Boston associate Kathleen Ceglarski Burns co-authored this article. The piece discusses how the U.S. Securities and Exchange Commission’s focus on private fund advisers has shifted from learning and information gathering to examination and enforcement activity.
Commercial Litigation Alert | 08.28.17
Securities Litigation & Government Investigations Alert | 06.09.17
Securities Litigation Alert | 05.19.17
Securities Law Alert | 02.28.17
Securities Litigation & Government Investigations Alert | 12.06.16
Securities Law Alert | 08.25.16
Securities Litigation Alert | 07.26.16
Private Fund Disputes Alert | 11.17.15
Commercial Litigation Alert | 09.25.15
George Washington University Law School, J.D.
Villanova University, B.A.
U.S. District Court, District of Massachusetts
U.S. Court of Appeals, First Circuit
Stephen was selected by his peers for inclusion in The Best Lawyers in America© 2018 in the field of Commercial Litigation.