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Represented 16-member performing party group at Superfund site in New Hampshire with various USEPA and NHDES compliance issues, including the planning, drafting, negotiation and execution of environmental covenants as part of a water line extension.
We represented a Maine-based manufacturing company in a supply agreement with a key parts supplier and a related $2.5 million subordinated secured loan with equity conversion features to the supplier.
Representing the development community, we successfully preserved Maine’s Historic Preservation Tax Credit. When pressed to balance the state’s budget, Maine legislators considered limiting a tax credit that has resulted in the revitalization of a number of key historic properties throughout the state. Working with beneficiaries of this tax credit, we were able to educate legislators on the importance of this program, including the economic activity it stimulates and to preserve this credit.
Pierce Atwood serves as counsel for the New England Ocean Cluster House - a place for entrepreneurs to come together, collaborate, and grow their businesses, which are all focused on the commercialization of new ocean-related products. Located in Portland, Maine, the New England Cluster House is the result of a combined effort between The Icelandic Ocean Cluster, North Atlantic Assets & Soli DG, Inc. of Maine and MENADO, an initiative of the Maine International Trade Center.
We defended a general contractor’s surety in a multimillion dollar case involving failed concrete panels in a water treatment plant in Vermont. The matter was resolved without trial.
We helped a client to develop a tax efficient charitable giving plan wherein he will leave his estate to numerous charitable organizations. We customize such gifts to maximize value to the charitable organizations and minimize taxes, in this case using a combination of charitable trusts and outright gifts to endowments.
We successfully closed a $12.5 million SEC-registered common stock offering for our client, The First Bancorp, Inc., a $1.4 billion asset bank holding company headquartered in Damariscotta, Maine. This transaction enabled the client to redeem the remaining outstanding preferred stock it had issued to the U.S. Treasury Department under the TARP program in 2009 and achieve a significantly lower cost of capital.
The Business Group's Securities team has advised The Timberland Company for several years with respect to all of its Exchange Act reporting pursuant to a fixed-fee arrangement, helping this client manage its costs while improving service levels in this area.
Pierce Atwood represented GO Lab, Inc., d/b/a TimberHP, a manufacturing company that produces wood fiber insulation products for the residential and commercial construction market, in its collaborative partnership with Saint-Gobain through that company’s building products subsidiary CertainTeed Inc. Saint-Gobain is one of the world's largest and oldest building products companies.
Counsel for Time Warner Cable in successful defense of federal court copyright infringement claims concerning alleged unauthorized transmission of 137 television shows and seeking maximum statutory damages and attorneys' fees. Obtained summary judgment dismissing complaint on grounds that transmissions were not to the public under applicable copyright and FCC retransmission consent rules.