January 26, 2012
Norris McLaughlin, P.A.
721 Route 202-206, Suite 200
P.O. Box 5933
Bridgewater, NJ 08807-5933
Contact: Edward C. Miller, Jr.
Chief Marketing Officer
(908) 722-0700 x4224
Norris McLaughlin, P.A.Represents Lombard Risk $4.25 Million Acquisition of SOFGEN Regulatory Reporting Business
Bridgewater, NJ (January 26, 2012) – The International Law Group of the Bridgewater-based law firm Norris McLaughlin, P.A., represented Lombard Risk Management plc in its acquisition of the regulatory reporting business of banking consultancy SOFGEN Holdings Limited for $4.25 million in cash, loan notes and equity. Robert C. Gabrielski, a Member of the firm and Chair of its Business and International Law Groups, led the team of attorneys that worked on the deal, including Wendy Z. Greenwood, corporate; Charles A. Bruder, employee benefits; Jeffrey M. Casaletto, environmental; and Jeanne Hamburg, intellectual property.
Lombard Risk, a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, already had a major business in regulatory reporting through its existing REPORTER product, which is used globally, including in the United States. The main part of the business acquired is the U.S. and Canada regulatory reporting product REG-Reporter, which is used by Bank of America and Royal Bank of Canada, among others. The acquisition catapults the risk specialist into the top three providers, along with FIS and Jack Henry, of regulatory reporting for U.S. domestic banks, and offers those banks improved risk management through the combination of both companies’ reporting products. The deal gives Lombard over 250 clients around the world for bank regulatory reporting.
John Wisbey, CEO of Lombard Risk, says: “This is an important strategic breakthrough for us, as it gives critical mass in the North American market place, both for foreign and domestic banks in the United States. We already had this for collateral management, but we now have it for regulatory reporting.”
The attorneys in the International Law Group at Norris McLaughlin, P.A. have extensive experience representing the legal interests of domestic and international companies operating in the rapidly changing global marketplace. The Group offers a full range of legal services to businesses engaged in international commerce, including expert transactional services, particularly in transactions that involve doing business in the United States or with U.S. enterprises; and litigation services. Within the diverse practice, clients receive assistance with forming businesses and tax planning; organizing business entities across borders; buying and selling businesses and properties; financing emerging companies; engaging in international transactions and related securities issues; establishing and protecting intellectual property rights; minimizing taxes and planning estates; assessing creditors’ rights and bankruptcy issues; and, if civil or criminal litigation is unavoidable, have their interests represented by experienced trial counsel. Some of the international business law services provided include business planning and development, construction, finance and banking, intellectual property, immigration, internet law, labor and employment, litigation and alternative dispute resolution, mergers and acquisitions, new market expansion, real estate and land use, and taxation.
The Group represents private and public, domestic and multinational corporations in business, litigation, and international negotiation matters in over 50 countries, including Argentina, Australia, Austria, Bangladesh, Belgium, Bolivia, Brazil, Canada, Cayman Islands, Chile, Colombia, Costa Rica, Ecuador, El Salvador, England, Finland, France, Germany, Holland, Hong Kong, Hungary, India, Ireland, Israel, Italy, Japan, Jordan, Kenya, Korea, Malaysia, Mexico, Netherlands, Norway, P.R. China, Paraguay, Peru, Portugal, Romania, Russia, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, Uruguay, and Venezuela.
Norris McLaughlin, P.A. is the host to Business Without Borders, an international business blog located at www.nmmlaw.com/category/bwob/. The blog is a collaborative effort of the attorneys in the firm’s International Law Group. The blog addresses current issues, changes in the law and other topics from a variety of legal disciplines. The blog includes guest bloggers from the international business world, who have expertise on a particular subject matter, country, treaty, or industry.
Norris McLaughlin, P.A. is the exclusive New Jersey member of both Meritas and Legal Network International, which are affiliations of select independent law firms located in every state in the U.S. and many countries throughout the world. Membership in these organizations provides clients with immediate access to high-quality legal services in other jurisdictions.