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Steven J. Glusband

Steven J. Glusband

Partner
Member, Executive Committee, Corporate Opinions Committee and Ethics Committee

Wall Street Office
2 Wall Street
New York, NY 10005
glusband@clm.com
phone: 212-238-8605
fax: 212-732-3232 download v-card

Practice Areas

Energy Project Development and Finance, Corporate, Securities, Legal Audit and Investigation, Maritime, Israeli, Internal Investigations and White-Collar Defense

Education

  • B.B.A., 1969 City College of the City University of New York
  • J.D., 1973 Fordham University School of Law
  • LL.M., 1978 New York University School of Law

Admissions

  • 1974 New York

Affiliations

  • The Association of the Bar of the City of New York
  • American Bar Association (Committee on Federal Regulation of Securities)

Publications Available on this website...

"SEC Proposes to Modernize Company Repurchases of Common Stock," Client Advisory, March 4, 2010; "SEC Votes to Propose Rules to Permit Shareholders to Nominate Directors in a Proxy Statement," Client Advisory, June 8, 2009; "Alert to Foreign Issuers: Upcoming Date to Measure Your SEC Reporting Status as a Foreign Private Issuer," Client Advisory, May 12, 2009; "SEC Proposes Five Short Sale Price Rules," Client Advisory, April 30, 2009; "SEC Press Release on Proposed Short Sale Price Test," Client Advisory, April 9, 2009; "Madoff Securities Task Force Update: IRS Issues Helpful Guidance," Client Advisory, March 18, 2009; "The Hedge Fund Transparency Act of 2009," Client Advisory, February 9, 2009; "Effects of Loss of WKSI Status on Automatic Shelf Registration Statements," Client Advisory, February 4, 2009; "Madoff Securities Task Force Update: March 4, 2009 Deadline," Client Advisory, January 8, 2009; "Madoff Securities Task Force," Client Advisory, December 30, 2008; "SEC Amends Reporting and Disclosure Requirements for Foreign Private Issuers," Client Advisory, October 10, 2008; "SEC Reforms the Public Offering Process," Client Advisory, August 15, 2005; "Additional Form 8-K Disclosure Requirements and Acceleration of Filing Dates," Client Advisory, May 21, 2004; "A Practical Guide to the Sarbanes-Oxley Act of 2002," Client Advisory, July 1, 2003; "What you Need to Know About the Certification Requirements of The Sarbanes Oxley Act of 2002," Client Advisory, June 2003; "Audit Committee and Financial Reporting Requirements for U.S. and Non-U.S. Companies under the Sarbanes-Oxley Act," Client Advisory, May 1, 2003; "SEC Final Rule for Attorney "Up the Ladder" Reporting and Proposed Rule for Attorney "Noisy Withdrawal" Under the Sarbanes-Oxley Act," Client Advisory, January 31, 2003; "The Application of Sarbanes-Oxley to Non-U.S. Companies," Client Advisory, November 2002

Additional Publications

"Proposal to Mandate Electronic Filings By Foreign Issuers on SEC Meeting Agenda," Client Advisory, September 25, 2001

Presentations

New York State Bar Association:  Panelist, "Basic Securities Law for the Business Practitioner," June 10, 2009.

Feature Article

Corporate lawyer makes Israeli connection, The Daily Deal, September 15, 2000

Prior Experience

Special Trial Counsel, U.S. Securities and Exchange Commission

Recent Illustrative Matters

Client
Description
SPDR® Gold Trust
Represented the SPDR® Gold Trust in connection with its initial public offering and the transfer of its stock listing from the New York Stock Exchange to the NYSE Arca electronic trading platform and in listings in Hong Kong and Tokyo. Represented the Trust in registering over 700 million shares for issuance. At December 31, 2009, the Trust had grown to over $40 billion in assets, continuing its great success since debuting in 2004 as the first exchange traded fund to track a commodity.
Government Companies Authority of the State of Israel
Represented the Government Companies Authority of the State of Israel in connection with the Rule 144A tranche of the initial public offering of the ordinary shares of Oil Refineries Ltd. The offering raised approximately $1.54 billion, making it the largest IPO on the Tel Aviv Stock Exchange, as well as the largest privatization in the history of the State of Israel.
012 Smile.Communications Ltd.
Represented 012 Smile.Communications Ltd. (NASDAQ: SMLC) in connection with the pending acquisition of a controlling interest in Bezeq - The Israel Telecommunication Corp., Israel’s largest telecommunications provider in a cash transaction valued at approximately $1.8 billion.
Assisted 012 Smile.Communications Ltd. in connection with the sale of its legacy telecom business to Ampal-American Israel Corporation (NASDAQ: AMPL) for NIS 1.2 billion, or approximately $324 million.
Starlims Ltd.
Served as counsel to STARLIMS Technologies Ltd. (NASDAQ: LIMS), a leading provider of laboratory information management systems, in connection with its sale to Abbott (NYSE: ABT), for approximately $123 million in cash.
EZchip Semiconductor Ltd.
Advised EZchip Semiconductor Ltd. (NASDAQ: EZCH), a provider of network processors, in connection with an underwritten public offering of its shares and shares of selling shareholders, resulting in aggregate gross proceeds of approximately $46.6 million. 
Represented EZchip Semiconductor Ltd. (NASDAQ: EZCH) in connection with an exchange offer with current and former employees of its majority-owned subsidiary, EZchip Technologies Ltd., a provider of high-speed network processors, increasing its ownership interest from approximately 99% to 100% on an outstanding basis.