In light of the rapidly changing coronavirus (COVID-19) situation, Troutman Sanders and Pepper Hamilton have postponed the effective date of their previously announced merger until July 1, 2020. The new firm – Troutman Pepper – will feature 1,100+ attorneys across 23 U.S. offices. Read more.
Jay A. Dubow, a partner with Pepper Hamilton, a member of the firm’s White Collar Litigation and Investigations Practice Group and a co-chair of the Securities and Financial Services Enforcement Group, was quoted in the December 28, 2018 The Verge article, "Tesla Adds Oracle Founder Larry Ellison to Board of Directors."
Ellison's holdings and his friendship with Musk are unlikely to raise any enforcement eyebrows, says Jay Dubow, a former SEC enforcement division branch chief, who's now a partner at Pepper Hamilton LLP. "A large stockholder would normally be a good director as he or she would have all stockholders' interests in mind when making decisions," Dubow says in an email. Friendship alone doesn't invalidate Ellison's independence, either, Dubow says.