Client Jeffrey R. Westphal Completes $23M Registered Block Trade Offering

The Firm advised Jeffrey R. Westphal in connection with a $23 million secondary registered block trade offering of shares of Class A common stock of Vertex, Inc. (Nasdaq: VERX).  Goldman Sachs & Co. LLC acted as the underwriter for the offering. Mr. Westphal formerly served as a director and Chief Executive Officer of Vertex and remains one of its largest stockholders. Vertex is a leading provider of comprehensive integrated tax technology solutions.

In the registered block trade offering, Latham & Watkins LLP represented Vertex and Skadden, Arps, Slate, Meagher & Flom LLP represented Goldman Sachs.

The Olshan team was led by corporate partner Spencer G. Feldman and included corporate associates Zachary E. Freedman and Dakota J. Forsyth.