Securities

BB&T served as sole book-running manager of a $34.5 million follow-on offering for Valley National Gas (AMEX: VLG). Robert W. Baird served as co-manager. The offering was withdrawn in favor of an alternative transaction. Scudder Law Firm served as underwriters’ counsel.

Celadon Group, Inc. (NYSE: CGI) closed a $79 million follow-on offering. The sole manager was Raymond James. Scudder Law Firm served as issuer’s counsel and also handled Celadon’s prior follow-on offering.

Central Freight Lines, Inc. closed a $145 million initial public offering. The lead manager was Bear Stearns, and the co-managers were BB&T, Legg Mason, Morgan Keegan, and Stephens. Scudder Law Firm served as issuer's counsel.

Covenant Transportation Group, Inc. (Nasdaq: CVTI) completed a $63 million follow-on offering. Stephens and BB&T were joint book-running managers and Avondale, Cowen, and Wolfe were the co-managers. Scudder Law Firm served as issuer's counsel and also handled Covenant's initial public offering and prior follow-on offering.

Radiant Logistics, Inc. (NYSE-MKT: RLGT) closed a $45 million offering. The offering was underwritten by Cowen and Company and BB&T Capital Markets, with Lake Street Capital Markets, LLC and The Buckingham Research Group Incorporated as co-managers. Scudder Law Firm served as underwriters' counsel.

Scudder Law Firm has assisted Ground Floor Capital, LLC and China High Growth, Ltd. with various private offering and investment matters, including investments in the People's Republic of China and in the United States.  Scudder Law Firm has also assisted with the day-to-day operations of Ground Floor, including compliance, investor relation, and other operational matters.

Heartland Express, Inc. (Nasdaq: HTLD) closed an $86 million secondary offering. Stifel, Stephens, Wells Fargo, and BB&T acted as joint book-runners. Scudder Law Firm served as issuer’s counsel. Scudder Law Firm or one of its current attorneys also handled Heartland's four other stock offerings.

Scudder Law Firm represented Heartland Express, Inc. (Nasdaq: HTLD) in a $77 million public secondary offering of its common stock by a family trust for the benefit of Heartlands’ founding family, the Gerdin Family.

Hillhouse Capital Management, Ltd. manages more than $7 billion in private fund assets, with a focus on assets or securities located in or having a substantial relationship to the People's Republic of China.  Scudder Law Firm has assisted Hillhouse with raising private placement capital from foundations, endowments, universities, ERISA investors, fund of funds, and sovereign wealth funds.  Scudder Law Firm has also assisted with the day-to-day operations of Hillhouse, including prime brokerage, custodian, compliance, investor relation, and other operational matters.

The Kearney Area Ag Producers Alliance is a collective of members interested in making investments in value added agriculture products. Scudder Law Firm assisted KAAPA in the restructuring of two of its investment funds.

Knight Transportation, Inc. (NYSE: KNX) closed an $85 million follow-on offering. The lead managers were Credit Suisse First Boston and Bear Stearns, and the co-managers were BB&T and Morgan Keegan. Scudder Law Firm served as issuer’s co-counsel.

Legg Mason Wood Walker, Inc. served as lead manager of an $85 million follow-on offering for Old Dominion Freight Line, Inc. (Nasdaq: ODFL). Co-managers were BB&T and Stephens. Scudder Law Firm served as underwriters’ counsel.

Marten Transport, Ltd. (Nasdaq: MRTN) closed a $70 million follow-on offering. The lead manager was Stephens, and the co-managers were BB&T, Legg Mason, and Morgan Keegan. Scudder Law Firm served as issuer’s counsel.

National Research Corporation d/b/a NRC Health (Nasdaq: NRC) reincorporated from the state of Wisconsin to the state of Delaware, amending its organizational documents to reflect the reorganization and include certain modern governance provisions. Scudder Law Firm represented NRC in the planning and drafting of the reincorporation documents and SEC proxy statement, and counseled the NRC board of directors on related fiduciary matters.

Nebraska Global is Nebraska’s largest venture capital company focused on software development opportunities. Scudder Law Firm assisted Nebraska Global with a $37.5 million private placement and continues to represent it in its fund operations.

Panther Expedited Services, Inc. filed a $115 million initial public offering. The offering was withdrawn in favor of an alternative transaction. The book runners were JP Morgan and Goldman Sachs and the co-managers were UBS, BB&T, and WR Securities. Scudder Law Firm served as issuer’s counsel.

Scudder Law Firm has assisted PV Capital, LLC with various private offering and investment matters, including investments in the People's Republic of China and in the United States.  Scudder Law Firm has also assisted with the day-to-day operations of PV Capital, including compliance, investor relation, and other operational matters.

Simon Transportation Services Inc. (Nasdaq: SIMN) closed a $35 million initial public offering. Morgan Keegan, Wheat First, and George K. Baum served as co-managers. Scudder Law Firm served as issuer’s counsel and also handled Simon’s follow-on offering.

Smithway Motor Xpress Corp. (Nasdaq: SMXC) closed a $17 million initial public offering. Morgan Keegan, A.G. Edwards, and George K. Baum served as co-managers. Scudder Law Firm served as issuer’s counsel.

Universal Truckload Services, Inc. (Nasdaq: UACL) closed a $122 million initial public offering. The lead manager was Stephens and the co-managers were BB&T and Legg Mason. Scudder Law Firm served as underwriters’ counsel.

Stifel Nicolaus Weisel served as sole book runner of a $100 million at-the-market offering for Old Dominion Freight Line, Inc. (Nasdaq: ODFL). Scudder Law Firm served as underwriter’s counsel.

Swift Transportation Company (NYSE: SWFT) closed an $880 million initial public offering, representing that year’s second largest U.S. initial public offering. Scudder Law Firm represented Swift in connection with the IPO, concurrent $2.0 billion of debt financing and a $260 mandatory exchange offering by stockholders.

Scudder Law Firm represented TFI International Inc. (NYSE and TSX: TFII) in its $230 million initial public offering in the United States through the United States‐Canada Multijurisdictional Disclosure System. Scudder Law firm also represented TFI in its $219 million public offering of common shares.

USA Truck, Inc. (Nasdaq: USAK) closed a $38 million secondary offering. Stephens served as sole book-running manager and Cowen and Company acted as lead manager. Scudder Law Firm served as issuer’s counsel.

U.S. Xpress Enterprises, Inc. closed a $116 million follow-on offering. The lead managers were Legg Mason and Morgan Keegan and the co-managers were BB&T and Stephens. Scudder Law Firm served as issuer’s counsel.

U.S. Xpress Enterprises, Inc. closed a $311 million initial public offering. BofA Merrill Lynch and Morgan Stanley acted as lead book-running managers, J.P. Morgan and Wells Fargo Securities acted as additional book-running managers, and Stephens, Inc., Stifel, and Wolfe Capital Markets and Advisory acted as co-managers. Scudder Law Firm served as issuer’s counsel.

Western Express Holdings Inc. (Proposed Nasdaq: WEXP) filed a $90 million initial public offering. The offering was postponed due to the acquisition of Smithway Motor Xpress by Western. The book running manager was JP Morgan and the joint-lead managers were Stephens and BB&T. Scudder Law Firm served as issuer’s counsel.