Morrison Foerster is an international law firm with lawyers practicing throughout the United States, Asia, and Europe. Click to discover more.

mofo_share_image.jpg

Morrison Foerster

common-default.jpeg

Terms / Notices

Cookies

Privacy Policy

Reporting Hotline

Attorney Advertising

Alumni

  Linkedin

MoFo LinkedIN

  Facebook

MoFo Facebook

YouTube

MoFo Youtube

Morrison Foerster - Footer

Interactive + Digital Media

You have not solved the recaptcha challenge yet or session expired, try again.

Email Disclaimer

Disclaimer

Unsolicited e-mails and information sent to Morrison Foerster will not be considered confidential, may be disclosed to others pursuant to our <a href="https://www.mofo.com/about/privacy-policy.html">Privacy Policy</a>, may not receive a response, and do not create an attorney-client relationship with Morrison Foerster. If you are not already a client of Morrison Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.

Feedback

mofo-logo-2022.svg

People

Capabilities

Resources

About

Community

Offices

Careers

Stay Connected

We practice at the intersection of media and technology, with transactional and litigation capabilities in many focus areas including social media, video games, augmented and virtual reality, digital media distribution, streaming platforms, user generated content, and the metaverse. 

Digital and Interactive Media Legal Services

<h3>Sorry, we weren’t able to find the terms you entered.</h3>Please try a different term or keyword.

People

Capabilities

Resources

Not Found Cards

View the leadership team

KISS M&A Deal

Welcome to the MoFoVerse – MoFo's Interactive + Digital Media Group

Case Studies

Founders and Funders Rooftop Party - #NYTechWeek

AI on the Lot: Who’s Liable? Section 230, Internet Liability, & Generative Media

MoForum – Technology and the Future of Music - Day 2

MoForum – Technology and the Future of Music - Day 1

Is AI the end of music – or a new beginning?

MoForum – Technology and the Future of Music

Events

Interactive + Digital Media

Update: Texas App Store Law Takes Effect After Fifth Circuit Stays Preliminary Injunction

Social Links: The Online Safety Dance Continues

Look Who’s Talking: Section 230 and Generative AI

Social Links: Scalpels and Sledgehammers

Email Isn’t Enough? Courts Take a Harder Look at Online TOS Modifications

The Journal of Robotics, Artificial Intelligence & Law, Volume 9, No. 3 | May–June 2026

Start-Up Corner: Venture Basics: Understanding Protective Provisions

Insights

MoFo Wins International Deal Firm of the Year at Asian Legal Business Japan Law Awards 2026

Law.com

‘We Can’t Fight Technology’: A Litigator and a Dealmaker on the Brave New World of AI Music Creation

MoFo Advises Blue Pool Capital as Lead Investor in AUBL Series A Funding Round

MoFo Advises NSSK on Landmark Restructuring and Commercialization of Japan Men’s Professional Golf Tour

Morrison Foerster Earns Three Top Honors at The Legal 500 China Awards 2025

MoFo Survey: New Directions: AI Ubiquity, Risk Exposure, and Pursuing Scale in Global Tech M&A

News

Sign Up

Spencer Klein is Chair of the firm's global Mergers & Acquisitions Group.Spencer focuses his practice on M+A transactions and related matters such as proxy contests and takeover defense counseling. He has advised on more than 200 successfully closed mergers, tender and exchange offers, stock and asset acquisitions, divestitures and joint ventures. He is also a veteran of numerous contested matters and regularly counsels corporate boards and committees in transactional and high-profile corporate governance matters.Spencer frequently advises leading U.S. and multinational companies across multiple industries. His engagements include multi-billion dollar deals in health care and life sciences, financial services, technology, consumer products, manufacturing, retail, energy, and entertainment, media and sports. In addition to prominent corporate clients and private equity funds, he has represented some of the world's leading bulge bracket and boutique investment banks.Spencer also co-chairs the firm’s Interactive and Digital Media group, an interdisciplinary team that operates at the convergence of technology with media and entertainment.Prior to joining Morrison & Foerster, Spencer was a partner at O’Melveny & Myers LLP, McDermott Will & Emery LLP and Shearman & Sterling LLP. Spencer received his B.A. from The Pennsylvania State University in 1986, and his J.D. from Hofstra University School of Law in 1989, where he served as Editor-in-Chief of the Hofstra Law RevieSpencer has been recognized regularly as one of the world's leading M+A lawyers by International Financial Law Review, Super Lawyers, Legal 500 United States, and The World's Leading Lawyers for Mergers and Acquisitions: U.S. Expert Guide (Legal Media Group). He has been named a "New York Super Lawyer" by Law & Politics in each of the last fifteen editions. Legal 500 US has referred to Spencer as "one of the best deal lawyers in the country."Spencer serves as a Special Professor of Law at Hofstra University School of Law, a member of the Alumni Board of Visitors of the Department of Political Science at The Pennsylvania State University, and the founding Chair of the Hofstra Law Review Alumni Advisory Board. In 2022, Spencer was an inaugural inductee into the Hofstra Law School Hall of Fame.

Spencer Klein

Global Chair of M&A Practice

Evan Minsberg advises Fintech, payments, and technology companies, as well as financial institutions, on structuring and launching regulated financial products and commercial ecosystems.His practice is centered on bank-Fintech partnerships, payments infrastructure, money movement, and the regulatory frameworks that underpin innovative financial services ecosystems. He is a go-to advisor on banking-as-a-service (BaaS), money transmission and licensing, sponsor bank and payment network arrangements, and complex commercial relationships between regulated financial institutions and technology platforms. He is among a small number of practitioners with deep knowledge at the intersection of financial services regulation, payment network governance, and digital asset and stablecoin-enabled transactions—areas that increasingly define the architecture of next-generation financial products and payment systems. His work combines regulatory strategy with commercial execution, enabling clients to launch new products, structure partnerships, modernize payments infrastructure, and scale regulated platforms.Evan represents a diverse client base spanning high-growth Fintech and embedded finance companies, leading sponsor banks, global payments companies, card networks, and major technology platforms. Clients rely on him to navigate complex regulatory and commercial issues across banking, payments, and emerging financial technologies, particularly in connection with large-scale partnership and payments infrastructure initiatives. Recognized by Chambers USA for FinTech Legal: Payments and Lending and by other leading industry publications, Evan is praised by clients for his practical, solutions-oriented approach and ability to navigate novel regulatory challenges. One client notes that he is “able to come up with novel solutions that minimize risk and unlock significant opportunities for our business.”Evan also advises gaming, software, and digital platform companies on monetization strategies, virtual economies, digital wallets, creator and marketplace payment flows, and other financial regulatory issues arising from interactive and digital commerce ecosystems. He is co-chair of Morrison Foerster’s Interactive + Digital Media industry group, where he focuses on video games, gaming platforms, and the convergence of digital economies, payments infrastructure, and financial services regulation.Prior to joining MoFo, Evan worked in the financial services teams of two other leading law firms.<h4>Representative Experience</h4><h5>Bank-Fintech Partnerships and Embedded Finance</h5><ul><li>Represent a technology-focused national bank in the structuring, negotiation, and launch of BaaS, debit card, and payments partnerships with leading Fintech platforms. Advise on novel deposit account structures, ACH origination and third-party sender arrangements, program management frameworks, and related regulatory and transactional issues associated with the bank’s public launch and rapid growth.</li><li>Represent a major regional bank in a broad range of BaaS and embedded finance matters, including Fintech program management agreements, sponsor processing arrangements, third-party risk management enhancements, AML and sanctions compliance, and regulatory diligence across payments, payroll, ACH, digital asset, and money movement platforms.</li><li>Advise a leading sponsor bank on the structuring and negotiation of Fintech-sponsored payment and credit programs, including innovative SBA lending, commercial finance, digital asset-secured credit products, and large-scale embedded finance partnerships.</li><li>Represent a leading global payments and card issuing platform on BaaS, AML, card-issuing, sponsor bank, and embedded lending matters, including bank partnership agreements, downstream Fintech oversight, and lending and card program structures.</li><li>Represent a Fintech infrastructure company in the structuring and negotiation of sponsor bank arrangements for lending and payment processing products, including loan origination and purchase programs, payment services frameworks and use of sponsored (FBO) accounts, customer-facing agreements, and related warehouse financing support.</li></ul><h5>Payments, Money Movement, and Network Infrastructure</h5><ul><li>Represent a leading U.S. payment card network in the comprehensive modernization and restructuring of its network operating rules and participant framework, including new sponsorship, payment facilitator, program manager, and digital wallet concepts, as well as related interchange, routing, and network governance issues.</li><li>Represent a global payments company in the regulatory and money transmission aspects of a significant Fintech acquisition transaction, including state licensing approvals, change-of-control strategy, regulatory diligence, and management of concurrent state supervisory examinations.</li><li>Serve as regulatory and transactional counsel to a global payments and financial technology company on money transmission licensing, payment processing arrangements, card network compliance, and complex commercial agreements across a broad range of payment and software products.</li><li>Advise a merchant acquiring and marketplace platform on the development of digital asset payment and on-/off-ramp services, including fiat and stablecoin payout functionality, self-custodied wallet features, and integration of first- and third-party technology solutions, with guidance on money transmission, payments, AML, and product structuring considerations.</li></ul><h5>Digital Assets, Stablecoins, and Emerging Financial Products</h5><ul><li>Represent Fintech and infrastructure companies developing digital asset, decentralized finance, and open banking products, including advice on AML, sanctions, money transmission, and securities law considerations associated with decentralized payment and on-/off-ramp protocols.</li><li>Advise a leading stablecoin issuer and digital asset platform on money transmission, AML, product structuring, and regulatory compliance considerations relating to next-generation stablecoin infrastructure and payment products, including cross-chain transfer protocols, wallet and custody architecture, agentic wallet functionality, embedded payments infrastructure, and stablecoin-secured card programs.</li><li>Advise a Fintech platform on the structuring and regulatory compliance of digital asset on-ramp and off-ramp payment services, including fiat FBO account arrangements, third-party custody relationships, funds-flow architecture, and related money transmission, AML, and bank partnership considerations.</li></ul><h5>Digital Media, Gaming, and Virtual Economies</h5><ul><li>Serve as primary outside regulatory counsel to a global gaming and interactive entertainment company on financial regulatory issues arising from virtual currencies, in-game monetization, creator revenue-sharing, integrated payments, and cross-border digital commerce models.</li><li>Advise a leading software development and digital distribution platform on financial regulatory issues relating to marketplace payments, stored value and virtual currency functionality, rewards and loyalty programs, wallet architecture, and the application of money transmission and related financial services laws to platform monetization and user payment flows.</li><li>Advise a merchant-of-record and digital commerce platform on card network compliance, creator payout structures, marketplace and payment terms, and regulatory considerations relating to payments and monetization flows for video game and digital content creators.</li></ul>

Evan Minsberg

Partner

Aaron is the co-chair of the Interactive + Digital Media Group and former chair of the firm’s Technology Transactions Group. He advises clients on a wide range of complex transactions involving intellectual property and technology, including structuring and negotiating strategic licensing, development, collaboration, procurement, and distribution arrangements.Aaron’s practice focuses on advising both established and emerging companies in data- and technology-intensive sectors, with a particular emphasis on AI and interactive and digital media (including social platforms, AR/VR, gaming, and streaming). He also regularly works with clients in autonomous vehicles, Healthtech, Fintech, Adtech, and broader software and consumer technology markets. His work often sits at the intersection of product, data, IP, and commercial relationships, particularly in connection with AI-driven and platform-based business models and emerging technologies.He also maintains an active practice counseling companies on branding and marketing, trademark licensing, and content-related transactions, as well as the intellectual property aspects of mergers, acquisitions, asset spinoffs, and private equity investments.He has represented leading technology companies such as OpenAI, Meta, ElevenLabs, Visa, Autodesk, General Motors, Honda, and Rivian, among others.Aaron has been recognized by numerous publications for his work on market-defining technology transactions and is currently ranked by Chambers USA for “Technology Transactions.”Aaron also serves as co-editor of Socially Aware, the firm’s award-winning newsletter and blog devoted to the law and business of social platforms, and regularly publishes on various IP and technology-related topics. He is a sought-after speaker on new and emerging areas of law and is a frequent presenter and panelist at conferences and legal services programs.In addition to his active practice, Aaron regularly provides pro bono assistance to various nonprofit and charitable organizations such as Common Sense Media and the Starlight Children’s Foundation. He is a member of the board of directors of California Lawyers for the Arts.While in law school at the University of California, Berkeley, Boalt Hall School of Law, Aaron served as executive editor of the California Law Review and was elected to the Order of the Coif. Following law school, Aaron served as a law clerk to the Honorable William H. Orrick and the Honorable Martin J. Jenkins, both United States District Judges for the Northern District of California.

Interactive + Digital Media

Case Studies

Case Studies

Insights

Insights

News

News

Events

Events

Podcasts

Podcasts