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Patrick Devine Associate

 
Philadelphia, PA | Direct 215.864.6272Fax 215.789.7527
devinep@whiteandwilliams.com
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Patrick Devine represents public and private companies, pooled investment enterprises, and individuals in corporate and securities law matters, domestic and international transactions, entity formation and reorganization, debt and equity financings, angel, private equity, and venture capital investments, regulatory compliance, and mergers and acquisitions.

Representative Matters

  • Represented Stadium Goods, a streetwear and sneaker resale store and e-commerce site, in its multimillion dollar sale to Farfetch Limited, a publicly-traded global technology platform for the luxury fashion industry
  • Represented a financial technology company in its underwritten public offerings for an aggregate $119 million of common stock, and its senior secured term and revolving loan facilities for an aggregate $38 million
  • Represented a real estate investment partnership in connection with the restructuring of its loan agreements, promissory notes, and ancillary documents and agreements with two prominent banks
  • Negotiated and prepared seed-stage loan agreements, loan modification agreements, security agreements, convertible promissory notes, and warrants for a startup e-commerce company that obtained funding from several private investors and a quasi-governmental entity
  • Prepared 10-Qs, 10-Ks, 8-Ks, proxy statements, registration statements, prospectuses, no-action letters, and confidentiality treatment requests
  • Prepared annual attorney PAL letters and issuer compliance statements on behalf of an OTC-listed company based in China
  • Represented a publicly traded company in acquisitions of direct and indirect competitors for an aggregate $90 million in cash and common stock
  • Represented an investment partnership in connection with sales and purchases of various commercial real estate properties for an aggregate $89 million
  • Counseled a foreign broker-dealer regarding the implementation of measures and procedures necessary to ensure its compliance with the Foreign Account Tax Compliance Act and the Investment Company Act of 1940
  • Prepared, and successfully argued in support of, objection letters to the United States Securities and Exchange Commission on behalf of individual clients after the SEC determined that they were ineligible to recoup their investments in a defunct hedge fund
  • Counseled a community outreach organization in forming various pooled investment clubs for low-income individuals, and developed a methodology to facilitate the work of the investment clubs in compliance with the Securities Act of 1933, the Investment Company Act of 1940, the Investment Advisers Act of 1940, and the Pennsylvania Securities Act of 1972
  • Prepared bylaws, governing agreements, resolutions, meeting minutes, and other organizational documents on behalf of various corporations, partnerships, and limited liability companies
  • Argued successfully in overturning real estate transfer tax assessments that the Pennsylvania Department of Revenue levied against a client in contravention of the Pennsylvania Realty Transfer Tax Act
  • Counseled a foreign investment adviser regarding his proposed creation of a website that would analyze and promote certain stock holdings in compliance with the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, the Investment Advisers Act of 1940, and other federal laws

Recognition & Involvement

Outside the office, Pat volunteers his time to several nonprofit organizations. He serves as a Volunteer Investigator for the Philadelphia Bar Association Commission on Judicial Selection and Retention. He also provides pro bono legal services to low-income individuals and families through Philadelphia VIP, an organization that promotes equal justice for indigent members of the community. Pat serves as a member of the Audit and Finance Committee of Philadelphia Legal Assistance and Community Legal Services of Philadelphia, and he is the Chair of the Justice Rising Advocates Executive Committee of Community Legal Services. Pat is also a member of the Executive Committee of the Young Friends of Pennsylvania Academy of the Fine Arts.

In 2016, the Philadelphia Bar Association and the Philadelphia Bar Foundation selected Pat to participate in their joint Board Observer Program, which matches young lawyers with the boards of public interest legal service organizations. Since 2016, Pat has been has been selected in a survey of his peers as a Pennsylvania “Rising Star," a distinction conferred upon no more than 2.5 percent of Pennsylvania attorneys either 40 years old or younger or in practice for no more than 10 years. Also, since 2016, the First Judicial District of Pennsylvania has recognized Pat on its Pro Bono Roll of Honor for providing pro bono legal services to litigants in the Philadelphia courts.

Publications

Cases & Deals

Bar and Court Admissions

Pennsylvania

New Jersey

New York

U.S. District Court for the Eastern District of Pennsylvania

Education

Temple University Beasley School of Law, JD, 2013

Villanova University, BS, 2009

Memberships

Philadelphia Bar Association

Pennsylvania Bar Association

New York State Bar Association

Philadelphia Middle Market Group

Brehon Law Society

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