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Daniel M. Deaton



Daniel Deaton has a public finance practice in which he serves as bond counsel, disclosure counsel and underwriter’s counsel.

What do you focus on?

I serve as bond counsel, disclosure counsel and underwriter’s counsel in a wide variety of public finance transactions, including for states, cities, counties, airports, water and wastewater funds, among others. I have served as bond counsel involving complex variable rate products as well as the creation of new master indentures. I have served as disclosure counsel in some of the most complex financing in the public finance market. I have also served in various capacities in connection with university and cultural institution financings. In addition, I have recently served as underwriter’s counsel in connection with a tax exempt project financing transaction that financed the construction of facilities that will manufacture medium density fiberboard from rice straw.

Disclosure

I am a thought leader in the fast-evolving regulatory developments involving disclosure and due diligence obligations of issuers and underwriters. I am a frequent panelist and project participant on a wide variety of topics ranging from disclosure policies and procedures, underwriter due diligence obligations, application of securities laws to secondary market statements, among others.

Presentations

  • Speaker, “Disclosure Checklist & Final Takeaways,” BondLink & Nixon Peabody's At the Forefront of ESG, Social Media, and COVID-19 Disclosures Conference, June 24, 2021
  • Speaker, “Effective Investor Outreach: Concepts for an Effective Investor Relation Strategy During Strange Times,” National Association of State Treasurers (NAST), Webinar, July 28, 2020
  • Speaker, “Spotlight on Transparency: A Discussion of Secondary Market Disclosure Practices,” SEC's Office of Municipal Securities (OMS) Virtual Conference, June 16, 2020
  • Speaker, “What COVID-19 Means for Issuer Disclosure Practices,” GFOA Annual (Virtual) Conference, June 4, 2020
  • Speaker, “Disclosures and due diligence obligations during the COVID-19 crisis,” presentation to the Indianapolis Bond Bank, May 22, 2020
  • Speaker, “SEC Statement on COVID-19 Disclosure,” GFOA Annual (Virtual) Conference, May 15, 2020
  • Speaker, “Navigating Investor Disclosures During the COVID-19 Crisis,” California Debt and Investment Advisory Commission, Webinar, May 1, 2020
  • Regularly speaks at Government Finance Officers Association (GFOA), California Debt and Investment Advisory Commission (CDIAC), and Bond Dealers of America

Publications

  • “SEC releases coronavirus (COVID-19) disclosure guidance for issuers of municipal securities,” Nixon Peabody Client Alert, May 11, 2020
  • “Clayton calls for meaningful coronavirus (COVID-19) disclosure,” Nixon Peabody Client Alert, April 15, 2020
  • “SEC staff releases antifraud guidance made by issuers of municipal securities,” Nixon Peabody Client Alert, February 14, 2020
  • “SEC adopts amendments to rule 15C2-12 to add events for which notice must be provided,” Nixon Peabody Client Alert, August 27, 2018
  • “Crafting Disclosure Policies,” National Association of Bond Lawyers, August 20, 2015

California sugarcane-to-ethanol plant verified green bond sale

The Bond Buyer | June 03, 2021

This article on the $575 million in bonds for California Ethanol + Power, which will fund the construction of the Sugar Valley Energy alternative fuel and energy plant to convert sugarcane into ethanol mentions NP as disclosure counsel. The NP team includes Los Angeles partners Dan Deaton and Angelica Valencia and New York City partner Scott Singer, all of the Project Finance & Public Finance group.

Changing circumstances reduced demand for California school note program

The Bond Buyer | April 29, 2021

This article, on the California School Finance Authority’s borrowing program created to help school districts manage pandemic-driven budget deferrals, mentions NP as disclosure counsel for notes issued in March and April for elementary, high school, and community college districts. Los Angeles partners Rudy Salo and Dan Deaton, and San Francisco partners Travis Gibbs and Graham Beck, all of the Project Finance & Public Finance group, advised CSFA in this deal. Update: New York Bankruptcy & Restructuring partner Robert Christmas also advised CSFA in this deal.

Los Angeles makes tender offer ahead of taxable MICLA refunding

The Bond Buyer | February 18, 2021

This article mentions the firm as bond counsel on the City of Los Angeles’ hybrid tender offer and refunding related to the Municipal Improvement Corporation of Los Angeles lease revenue bonds. The NP team includes Los Angeles partners Jade Turner-Bond and Dan Deaton; San Francisco partner Travis Gibbs; Washington, D.C. associate Joel Swearingen; and Los Angeles associate David Song—all of the Project Finance & Public Finance group.

State conduit plans notes for schools facing California budget deferrals

The Bond Buyer | February 11, 2021

NP was mentioned in this article on the California School Finance Authority’s plans to price $1.4 billion in short-term notes for the work by Los Angeles Project Finance & Public Finance partner Dan Deaton serving as disclosure counsel.

New Hampshire Sued over 'Unnecessary' Nursing Facility Placements

Reuters Legal | January 11, 2021

The following article covers a class action complaint filed against the New Hampshire Department of Health & Human Services for failing to properly administer its CFI Medicaid waiver program. NP—together with NH Legal Assistance, Disability Rights Center-NH, and the AARP Foundation—filed the lawsuit in federal court on behalf of older adults and persons with disabilities enrolled in the CFI program.

The NP team includes Complex Commercial Disputes partner Dan Deane, associate Kierstan Schultz and paralegal Sharon Willier, and Government Investigations & White Collar Defense partner Mark Knights, all of Manchester.

California Markets Its Second Deal Using Millionaire's Tax Credit

Bond Buyer | October 22, 2020

This article on the sale of $450 million in taxable social bonds from the California Health Facilities Financing Authority mentions NP as disclosure counsel. This marks the second round of bonds under the state’s No Place Like Home legislation, which was signed by former Gov. Jerry Brown in 2016 to fund housing for unsheltered people with mental illnesses. Los Angeles Project Finance & Public Finance partner Dan Deaton led NP’s work on this deal.

SFO prepares bond refunding as airport rides out pandemic

Bond Buyer | July 30, 2020

This article about San Francisco International Airport (SFO) and its preparations for a $291 million bond refunding deal mentions NP as disclosure counsel. San Francisco partner Travis Gibbs and Los Angeles partner Dan Deaton and counsel Heather White, all of the Project Finance and Public Finance Group, advised on this matter.

GFOA members urge issuers to disclose coronavirus impacts

The Bond Buyer | June 05, 2020

This article quotes Los Angeles Project Finance and Public Finance partner Dan Deaton on SEC guidance for disclosures and how the uncertainty caused by the pandemic has impacted the market.

SEC Chair Clayton provides guidance on coronavirus disclosure

Bond Buyer | April 23, 2020

In this article discussing SEC Chair Jay Clayton’s guidance on corporate disclosure during the COVID-19 pandemic, Los Angeles Project Finance and Public Finance partner Dan Deaton provides commentary about how the virus is introducing complexities to disclosures across markets.

Contact

Daniel M. Deaton

Partner

Los Angeles

Phone: 213-629-6050


Southern Methodist University, J.D.

University of California, Irvine, B.A.

California

Texas

Spanish

Daniel Deaton is a member of the State Bar of California and the State Bar of Texas.

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