Daniel M. Deaton

In the news

• The Bond Buyer

  Issuers facing worst environment in 50 years

  Los Angeles Project Finance & Public Finance partner Dan Deaton is quoted in this article from comments at the recent Government Finance Officers Associate MiniMuni Conference. Dan discusses takeaways from the current bond issuance environment and provides insights on the importance of developing strong relationships and having a structure in place for voluntary and continuing disclosure.

  Oct 16, 2023
• The Bond Buyer

  Santee Cooper approves $1.3 billion tender, exchange bond refunding

  This article on Santee Cooper’s board approving a $1.3 billion tender and exchange bond refunding mentions the firm for serving as disclosure counsel. The NP team representing the South Carolina-owned utility company includes partners Liz Columbo, Virginia Wong, and Barry Rothchild of New York, Mitch Rapaport of Washington, DC, and New York counsel Abigail Olsen and associate Sebastian Torres-Rodriguez, all of the Project Finance & Public Finance group. Washington, DC Corporate partner Lloyd Spencer and Los Angeles Project Finance & Public Finance partner Dan Deaton assisted with the analysis of securities laws related to the tender and exchange.
  Feb 9, 2022
• The Bond Buyer

  California sugarcane-to-ethanol plant verified green bond sale

  This article on the $575 million in bonds for California Ethanol + Power, which will fund the construction of the Sugar Valley Energy alternative fuel and energy plant to convert sugarcane into ethanol mentions NP as disclosure counsel. The NP team includes Los Angeles partners Dan Deaton and Angelica Valencia and New York City partner Scott Singer, all of the Project Finance & Public Finance group.
  June 3, 2021
• The Bond Buyer

  Changing circumstances reduced demand for California school note program

  This article, on the California School Finance Authority’s borrowing program created to help school districts manage pandemic-driven budget deferrals, mentions NP as disclosure counsel for notes issued in March and April for elementary, high school, and community college districts. Los Angeles partners Rudy Salo and Dan Deaton, and San Francisco partners Travis Gibbs and Graham Beck, all of the Project Finance & Public Finance group, advised CSFA in this deal. Update: New York Bankruptcy & Restructuring partner Robert Christmas also advised CSFA in this deal.
  April 29, 2021
• The Bond Buyer

  Los Angeles makes tender offer ahead of taxable MICLA refunding

  This article mentions the firm as bond counsel on the City of Los Angeles’ hybrid tender offer and refunding related to the Municipal Improvement Corporation of Los Angeles lease revenue bonds. The NP team includes Los Angeles partners Jade Turner-Bond and Dan Deaton; San Francisco partner Travis Gibbs; Washington, D.C. associate Joel Swearingen; and Los Angeles associate David Song—all of the Project Finance & Public Finance group.
  Feb 18, 2021
• The Bond Buyer

  State conduit plans notes for schools facing California budget deferrals

  NP was mentioned in this article on the California School Finance Authority’s plans to price $1.4 billion in short-term notes for the work by Los Angeles Project Finance & Public Finance partner Dan Deaton serving as disclosure counsel.
  Feb 11, 2021
• Reuters Legal

  New Hampshire Sued over 'Unnecessary' Nursing Facility Placements

  The following article covers a class action complaint filed against the New Hampshire Department of Health & Human Services for failing to properly administer its CFI Medicaid waiver program. NP—together with NH Legal Assistance, Disability Rights Center-NH, and the AARP Foundation—filed the lawsuit in federal court on behalf of older adults and persons with disabilities enrolled in the CFI program.

  The NP team includes Complex Commercial Disputes partner Dan Deane, associate Kierstan Schultz and paralegal Sharon Willier, and Government Investigations & White Collar Defense partner Mark Knights, all of Manchester.

  Jan 11, 2021
• Bond Buyer

  California Markets Its Second Deal Using Millionaire's Tax Credit

  This article on the sale of $450 million in taxable social bonds from the California Health Facilities Financing Authority mentions NP as disclosure counsel. This marks the second round of bonds under the state’s No Place Like Home legislation, which was signed by former Gov. Jerry Brown in 2016 to fund housing for unsheltered people with mental illnesses. Los Angeles Project Finance & Public Finance partner Dan Deaton led NP’s work on this deal.
  Oct 22, 2020
• Bond Buyer

  SFO prepares bond refunding as airport rides out pandemic

  This article about San Francisco International Airport (SFO) and its preparations for a $291 million bond refunding deal mentions NP as disclosure counsel. San Francisco partner Travis Gibbs and Los Angeles partner Dan Deaton and counsel Heather White, all of the Project Finance and Public Finance Group, advised on this matter.
  July 30, 2020
• The Bond Buyer

  GFOA members urge issuers to disclose coronavirus impacts

  This article quotes Los Angeles Project Finance and Public Finance partner Dan Deaton on SEC guidance for disclosures and how the uncertainty caused by the pandemic has impacted the market.
  June 5, 2020
• Bond Buyer

  SEC Chair Clayton provides guidance on coronavirus disclosure

  In this article discussing SEC Chair Jay Clayton’s guidance on corporate disclosure during the COVID-19 pandemic, Los Angeles Project Finance and Public Finance partner Dan Deaton provides commentary about how the virus is introducing complexities to disclosures across markets.
  April 24, 2020
• Law360

  Evaluating SEC Plan For New Municipal Issuer Disclosures

  Public finance partners Julie Seymour (Chicago), Liz Columbo (New York) and Dan Deaton (Los Angeles) published a contributed article on the SEC’s proposed amendment to Exchange Act Rule 15c2-12 and what it could mean for market participants.
  March 13, 2017
• Bloomberg BNA Securities Law Daily

  Municipal Securities Issuers to Face Enforcement Actions

  This feature article discusses the Securities and Exchange Commission crackdown on municipal securities disclosure violations. Los Angeles Public Finance partner Dan Deaton provides third-party commentary.
  Nov 17, 2015
• The Bond Buyer

  NABL Provides Issuers Disclosure Guidance in Wake of SEC Cases

  The National Association of Bond Lawyers released a paper giving its members tools to help issuer clients develop written disclosure policies and procedures in response to recent Securities and Exchange Commission cases against issuers. Los Angeles Public Finance partner Dan Deaton, part of the paper’s drafting committee, is quoted within the piece.
  Aug 20, 2015
• The Bond Buyer

  SEC Strikes Back on MCDC

  Los Angeles Public Finance partner Dan Deaton discusses the Securities and Exchange Commission’s Municipalities Continuing Disclosure Cooperation initiative.
  May 22, 2014