"We represent small to middle-market public companies in complicated financial and securities litigation across numerous state and federal courts throughout the country. We also design and implement complex capital and debt workout and restructuring programs for our public company clients. With offices in New York, Dallas Texas and Naples Florida, and coming soon Boston, Los Angeles and London, we are ready and available to discuss your particular situation and help develop solutions to solve them.
- Mark R. Basile, Esq.
We represent both private and public companies in complex financial and securities litigation in many federal and state courts around the country. We have represented more public companies in convertible debt litigation than any other firm in the country and regularly work with securities attorneys, corporate attorneys, financial consultants, forensic stock analysis experts and issuer management teams to develop prosecution and defense strategies in dealing with these types of funders and their aggressive actions.
We have won landmark, industry changing decisions on behalf of our clients and will continue to be an advocate of small public companies as they try to grow their businesses.
Our attorneys are some of the most knowledgable litigators dealing with:
Litigation Updates
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An Illinois Federal Court handed John M. Fife a defeat, by denying his motion to dismiss an SEC enforcement action brought against him and 5 of his companies for engaging in dealer activity without first being registered. SEC v Fife, et al. Case No. 1:20-cv-05227 (ND Il. 12/20/2021)
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Landmark Usury Decision - The New York Court of Appeals, New York’s highest court, handed down a decision agreeing with the firm that convertible notes used to fund public companies are subject to NY’s criminal usury statute. Adar Bays, LLC v GeneSYS ID, Inc. 2021 NY Slip Op 05616.
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Firm saves NASDAQ Client $12M - The Federal Court for the Southern District of NY agreed with us that a warrant issued as part of a convertible note funding was egregious and ordered the warrant(s) reformed in accord with the firms views. EMA Fin., LLC v. NFusz, Inc., 444 F. Supp. 3d 530 (S.D.N.Y. 2020).
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A Massachusetts Federal Court denies toxic lender's motion to dismiss firms client Players Network, Inc. counterclaims that Auctus Fund LLC violated the dealer registration requirement of the Securities Act and denied dismissal of our clients rescission claim. Auctus Fund, LLC v Players Network, Inc. Case no. 1:20-cv-10766
For Informative Articles on Toxic Convertible Notes and potential
Securities Law Violations by Lenders visit our BLOG
Custom Restructuring Programs for Public Companies
The Basile Law Firm P.C. provides innovative and custom solutions for its public company clients that allow clients a clear path to developing and growing their businesses through recapitalization and debt remediation.
We provide extensive and detailed restructuring plans in order to correct stock and debt issues. We consult to companies, their boards, management, owners, creditors, lenders, investors and acquirers handling almost all business and legal issues. Our custom restructuring programs are designed to facilitate growth and capital raising.
Mark R. Basile, Esq.
Mark R. Basile is a securities litigation and corporate restructuring attorney with over 34 years of experience as an entrepreneur and business law attorney, representing individual entrepreneurs, small private businesses, and public companies. Mr. Basile was also Professor of Law & Entrepreneurship at Touro Law Center in New York