What's New?
Parr Brown Gee & Loveless today announced that shareholder Jonathan O. Hafen, the Court-appointed Receiver in the Rust Rare Coin Ponzi scheme, has made three initial distributions to victims totaling $23,273,521.88. For well over a decade, Gaylen Rust defrauded hundreds of victims by falsely claiming that he was operating a lucrative silver bullion trading program. Rust used the highly regarded Salt Lake City coin shop started by his father as a front for the fraud. Rust told prospective investors that all of the silver trades were conducted through a Rust Rare Coin account at HSBC Bank and that profits generated
Parr Brown Gee & Loveless recently advised Merit Medical Systems Inc. in connection with its Rule 144A offering of $747.5 million in aggregate principal amount of its 3.00% senior notes due 2029 and the capped call transactions entered by Merit in connection with the offering. Merit intends to use the net proceeds from the offering to pay the cost of the capped call transactions and for general corporate purposes. Merit Medical Systems, Inc. is a leading manufacturer and marketer of proprietary medical devices used in interventional, diagnostic and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care and endoscopy. Merit
October 16, 2023, Salt Lake City, UT – Parr Brown Gee & Loveless announced today that shareholder Jonathan O. Hafen has been sworn in and installed as the National President of the Federal Bar Association. Mr. Hafen was sworn in at the FBA’s Annual Meeting and Convention on September 23, 2023, in Memphis Tennessee. He officially commenced his term on October 1st.
Parr Brown’s Real Estate Development team acted as Utah development legal counsel for Extell Development Company in the recently announced expansion of Deer Valley Resort. Extell’s strategic alliance with Alterra Mountain Company will add 3,700 acres of terrain to the resort, doubling current skiable territory across 10 mountains and eventually adding 16 new lifts and a new 10 passenger gondola. This new terrain will be immediately accessible to a newly constructed mountain village, which will be simultaneously developed by Extell as a part of the larger resort area and provide a wide variety of new housing and resort lodging opportunities. Attorneys Roger Henriksen, Robert McConnell, Matthew Jensen and Nicholas
© 2024 Parr Brown Gee & Loveless - All Rights Reserved
