David A. Thornton

Representative Experience

• Successful Defense of Clients in $26 Million of ACA Employer Mandate Penalties

  We have successfully defended our clients against roughly $26 million in ACA employer mandate penalties, which relate to the ACA mandate that requires employers with 50 or more full-time employees to offer minimum essential health coverage to those employees (and their children up to age 26) or be subject to penalties.

  We have successfully defended our clients against roughly $26 million in ACA employer mandate penalties, which relate to the ACA...
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  Client Type: Private Company
• Representation of a Civil Engineering Company in ESOP Transaction

  We represented a civil engineering company in establishing an Employee Stock Ownership Plan (ESOP) and successfully acquiring 49% of the company in a leveraged transaction in the amount of $6.6 million.

  We represented a civil engineering company in establishing an Employee Stock Ownership Plan (ESOP) and successfully acquiring 49% of the...
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  Client Type: Private Company
• Representation of a Recycling Corporation in ESOP Transaction

  We represented a recycling corporation in the establishment of an Employee Stock Ownership Plan (ESOP) used to acquire 100% of the company in a leveraged transaction in the amount of $51.5 million.

  We represented a recycling corporation in the establishment of an Employee Stock Ownership Plan (ESOP) used to acquire 100% of...
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  Client Type: Private Company
• Dobbs Equity Partners Acquires Corky’s

  Represented Dobbs Equity Partners in its acquisition of a majority interest in Corky’s.

   

  We represented Dobbs Equity Partners in its acquisition of a majority interest in Corky's. Based in Memphis, Tennessee, Corky's is...
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  Client Type: Private Company
• NN, Inc. Acquires Paragon Medical

  Represented NN, Inc. (Nasdaq: NNBR) in its acquisition of Paragon Medical

  We represented NN, Inc. (Nasdaq: NNBR) in the acquisition of Paragon Medical, a private equity backed medical device manufacturer, for...
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  Client Type: Public Company
• Representation of Trustee in Formation and Sale of ESOP

  Represented the trustee in the formation of an ESOP for a real estate investment firm located in Memphis, Tennessee

  We represented the trustee in the formation of an ESOP for a real estate investment firm located in Memphis, Tennessee....
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  Client Type: Private Company
• Representation of Wealth Management Firm in Sale of ESOP

  Represented an investment advisory and wealth management firm located in Memphis, Tennessee, with respect to its ESOP

  We represented an investment advisory and wealth management firm located in Memphis, Tennessee, with respect to its ESOP. We advised...
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  Client Type: Private Company
• Closing of Large ESOP for Business Management Company

  Represented a business management company located in Germantown, Tennessee, in the closing of a large ESOP transaction over the course of a year

  We represented a business management company located in Germantown, Tennessee, in the closing of a large Employee Stock Ownership Plan...
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  Client Type: Private Company
• NN, Inc. Sells Precision Bearing Components Group for $388M

  Represented NN, Inc. in its sale of the Precision Bearing Components Group to Tsubaki Nakashima Co. for $388 million

  We represented NN, Inc. (NASDAQ: NNBR) in the sale of its Precision Bearing Components Group to Tsubaki Nakashima Co., Ltd....
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  Client Type: Public Company
• Retirement Plan Consolidation for Manufacturing Company

  Represented a publically-traded manufacturing company in the consolidation of three pension plans and three 401(k) plans following its $1.4 billion acquisition of another company

  We represented a publically-traded manufacturing company in the consolidation of three pension plans and three 401(k) plans following its $1.4...
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  Client Type: Public Company