Neil M. Sitron, Counsel Washington, D.C.
nsitron@crowell.com
Phone: +1 202.624.2604
1001 Pennsylvania Avenue NW
Washington, DC 20004-2595

Neil Sitron joined Crowell & Moring in 2005 and is a counsel in the firm's Corporate Group. His practice focuses on U.S. and international strategic and private equity transactions, mergers and acquisitions (M&A), corporate compliance and governance, and securities transactions. Neil has extensive experience in financial technology (FinTech), government contracting and Internet of Things (IoT). He has served as outside general counsel for emerging companies, primary counsel for consortia of financial services and technology clients, and legal and business advisor for clients considering financial and strategic transactions, in each case providing insight, advice and “best practices” guidelines, drawing upon his industry and area expertise and experience.

Neil’s experience in these spaces includes domestic and international consortia, joint ventures, strategic alliances and teaming agreements; debt and equity investments, including SAFEs and preferred and convertible investments; software development, software and other intellectual property license, services, distribution, development, sales, novation, management, operating and shareholder agreements; and asset and stock purchase agreements, including all documents ancillary to M&A, private equity, strategic and investment transactions.

Neil received a B.A., with honors and with highest distinction, from The University of Michigan, where he was a member of Phi Beta Kappa. He earned his J.D. from Harvard Law School. While in law school, Neil was a member of the Harvard Journal of Law and Technology, and he served as a mediator with the Harvard Mediation Program.

Prior to attending law school, Neil served as director of West Coast Sales for ePrize, LLC (now HelloWorld) and financial analyst for Intel, Inc. and PricewaterhouseCoopers LLP.

Neil is a member of the Bar of the District of Columbia and the Bar of the State of Maryland.

Joint venture, consortium and strategic alliance transactions that Neil has handled include the following:

  • Representation of Barclays, Goldman Sachs, HSBC, and Morgan Stanley in their investment in KY3P, IHS Markit’s Know Your Third Party risk management solution.
  • Representation of an automotive OEM in the establishment of a multinational joint venture with a major Saudi Arabian conglomerate, valued at $285 million.
  • Representation of an international footwear retailer in the establishment of joint ventures in Peru, Uruguay and Paraguay.
  • Representation of an international, technology-focused government contractor in the establishment of a Brazilian joint venture.
  • Representation of Bank of America, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Merrill Lynch and UBS, as shareholders in The Clearing Corporation, in connection with the sale of The Clearing Corporation to IntercontinentalExchange, Inc.
  • Representation of Bank of America, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Merrill Lynch, and UBS in the creation, together with IntercontinentalExchange, Inc., of ICE US Trust LLC, the first clearinghouse for credit default swaps.
  • Representation of Bank of America Merrill Lynch, Barclays Capital, Citadel Securities, Citigroup, Goldman Sachs, TD AMERITRADE, and UBS in their purchase of a significant equity interest in NYSE Amex Options, an options exchange operated by NYSE Euronext.
  • Representation of Citadel Securities, GETCO, Goldman Sachs, Morgan Stanley and UBS in their purchase of a significant equity interest in NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext.
  • Representation of Bank of America Merrill Lynch, Citi, Credit Suisse, Deutsche Bank, J.P. Morgan, Morgan Stanley, and UBS, among others, in working with IntercontinentalExchange, Inc. to develop its over-the-counter FX clearing service.

M&A transactions that Neil has handled include the following:

  • Representation of Trumid Financial in its acquisition of Electronifie.
  • Representation of an engineering and manufacturing services government contractor in the sale of 45 percent of its equity to a major Australian engineering company.
  • Representation of Citadel Securities in its acquisition from KCG of the direct market making business on the floor of NYSE.
  • Representation of McBee Strategic Consulting, LLC in its sale to Wiley Rein LLP.
  • Representation of Bank of America, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Merrill Lynch, and UBS, as shareholders in The Clearing Corporation, in connection with the sale of The Clearing Corporation to IntercontinentalExchange, Inc.
  • Representation of QuadraMed Corporation in asset acquisition of U.S., U.K., and Canada healthcare information technology business from Misys Hospital Systems, a subsidiary of Misys plc.

Private equity and financing transactions that Neil has handled include the following:

  • Representation of Citi, Goldman Sachs, J.P. Morgan and NEX Group in their investments in the Series A funding round of Axoni.
  • Representation of Goldman Sachs in its investment in Motif Investing, Inc.
  • Representation of Goldman Sachs in its investment in Quantitative Services Group, LLC.
  • Representation of Skystream Markets, Inc. in its $4 million sale of preferred stock.
  • Representation of a technology-focused defense and intelligence contractor in its $90 million stock acquisition by a private equity firm.
  • Representation of a private equity firm in its $57 million asset acquisition of an automotive tuning company.
  • Representation of a private equity firm in its $36 million stock acquisition of an automotive tuning company.

Connect with Neil Sitron on LinkedIn.



Affiliations

Admitted to practice: District of Columbia, Maryland



Highlights, News & Knowledge


Speeches & Presentations

  • "Legislative Preview: An Early Look at Opportunities & Risks for 2017," LexisNexis Webinar (December 15, 2016). Presenter: Neil M. Sitron.
  • "Don't Sign that Yet!" Workshop 4, Crowell & Moring, Washington, D.C. (February 25, 2014). Presenters: Bryan Brewer, Edwin M. Baum, Elizabeth A. Figueira, and Neil M. Sitron.
  • "Don't Sign that Yet!" Workshop 3, Crowell & Moring, Washington, D.C. (May 22, 2013). Presenters: Bryan Brewer, Kathryn D. Kirmayer, Kathleen Balderrama, and Neil M. Sitron.
  • "The Sarbanes-Oxley Act of 2002 and Non-U.S. Companies: An Overview of Current Issues," Presentation to the Capital Markets and Institutional Investing in Indonesia Conference (April 18, 2007). Co-Presenters: Kelly G. Howard and Neil M. Sitron.


Publications



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In the News



Firm News & Announcements

Dec.24.2014 Deal Note: Crowell & Moring Represents McBee Strategic Consulting, LLC in sale to Wiley Rein LLP
Jan.11.2011 Crowell & Moring Elects Three New Partners and Promotes 18 Attorneys to Counsel Positions
Oct.30.2008 Crowell & Moring Deal Notes: IntercontinentalExchange, The Clearing Corporation and Nine Major Dealers Announce New Developments in Global CDS Clearing Solution