Joseph A. HearnPartner
Joseph A. Hearn is a partner in the Firm’s General Practice Group. Mr. Hearn represents financial services clients in a variety of matters. He regularly works with alternative investment managers and their principals in founding management companies, launching private funds and dealing with compensation arrangements and senior-level partnership matters. Mr. Hearn also advises clients on compliance and other matters associated with running an advisory business. He has experience with many of the special structuring, regulatory and tax concerns of private family investment offices.
In addition, Mr. Hearn has represented many of the largest commercial banks, investment banks, finance companies, insurers and industry groups.
SELECTED REPRESENTATIONSMr. Hearn’s experience includes representing:
Transactions and Transformational Events
- Wells Fargo, in its acquisition of Analytic Investors.
- Both management companies and departing founders, partners and investment professionals, in complex and high-value separations from large hedge fund and private equity managers.
- a principal of an oil and gas operator, in restructuring and recapitalizing a working interest fund.
- an alternative investment manager, in a broad restructuring of several investment funds.
- Genworth Financial, in the sale of its asset management businesses to a private equity consortium.
- Tudor Investment Corporation, in connection with certain spinoff transactions.
- a senior banking executive, in negotiating to join a prominent financial consulting firm.
- an alternative investment manager in the development and marketing of a distressed debt fund.
- Millstein & Co., in connection with an equity investment by Third Avenue Management and other corporate matters.
- numerous private clients, in the setup or restructuring of family investment offices, including a wide range of profit allocation and incentive compensation frameworks.
- AIG, in connection with several forms of government assistance provided during the financial crisis, including the series of recapitalization transactions cited by Thomson Reuters as the top worldwide announced deal of 2011 at $59 billion.
- First Southern Bancorp, in an innovative super-capitalization transaction to create a platform to acquire distressed banks.
- RBC Capital Markets, in its acquisition of Carlin Financial Group.
- several alternative investment managers and private family investment offices, in connection with a wide range of Section 13 and Section 16, Advisers Act and other compliance matters.
- Bank of America, BMW Financial Services, Fiera Capital Corporation, GE Capital, Goldman Sachs, JPMorgan Chase, KeyCorp, MUFG, National Australia Bank, UBS and others, in connection with the Volcker Rule and other financial regulatory matters.
- GE Capital, in connection with many aspects of its U.S. financial regulation after the Dodd-Frank Act.
- New York Bankers Association, in its successful constitutional challenge to the New York City Responsible Banking Act, a municipal law held by the U.S. District Court for the Southern District of New York to be pre-empted by federal and state laws.
- The Clearing House Association, in its advocacy with respect to various national and international proposals for regulation of financial institutions’ liquidity.
- AIG, D. E. Shaw & Co., Federal Home Loan Bank of Atlanta, Fortress Investment Group, 40 North Management, Goldman Sachs, Millstein & Co., Renaissance Technologies, Tudor Investment Corporation and numerous private clients, on structuring, governance, employment matters and compensation arrangements.
- certain banking organizations and industry groups, in connection with the U.S. banking agencies’ supervision and regulation of incentive compensation.