Day Pitney LLP is pleased to announce the appointment of Lane Watson to the Eastern Connecticut Innovation Corridor (ECIC) Hub Advisory Council. The Council advises the ECIC in its mission to foster startups, fuel innovation and promote growth in eastern Connecticut.
The ECIC is a public-private partnership between the University of Connecticut and the Horsebarn Hill Ventures, a soon-to-be launched partnership of serial entrepreneurs and private investors investing in early-stage companies. The ECIC offers a range of services supporting the growth of high-potential startups in the eastern part of Connecticut. The organization is headquartered at UConn's Storrs campus and is temporarily housed in the Gordon W. Tasker Building.
A member of Day Pitney's Emerging Companies and Venture Finance Group, Watson regularly counsels startup companies in the high technology sector on general corporate and business issues.
About Day Pitney
Day Pitney LLP is a full-service law firm with more than 300 attorneys in New York, New Jersey, Connecticut, Boston and Washington, DC. The firm offers clients strong corporate and litigation practices, with experience on behalf of large national and international corporations as well as emerging- and middle-market companies and individuals.
On June 17, David Swerdloff and Lane Watson will speak at the Exit Planning Exchange (XPX Connecticut) conference, on "Legal Documents - What are they and what do they mean?" in Norwalk, Connecticut. At the conference, Swerdloff and Watson will discuss in business terms what sellers of businesses can expect to find in their legal documents. Topics will include when to engage attorneys, letters of intent and purchase and sale agreements. Swerdloff organized the meeting as Program Chair of XPX Connecticut.
On June 7, R. Scott Beach spoke on a panel at a breakfast held by Private Asset Management at The Lambs Club in New York. The panel discussed planning a successful succession in private wealth management firms. Some of the topics they discussed included when a private wealth manager should start considering the succession options available to them; why the issue is often overlooked, and creating a culture to change this; options for private wealth managers such as in-house mentoring, selling a business, or passing it over to a new generation; the pitfalls and potential risks associated with merging or selling to another firm; and who to entrust with your book of business, and retaining client trust throughout the process.
On April 28, David Swerdloff will speak at a CitrinCooperman event "Preparing Your Business for Sale- The Time is Now," at the Fairview Country Club in Greenwich, Connecticut.
Eliza Fromberg was quoted in an article, "Introduction of Regulation Crowdfunding" in Financier Worldwide Magazine.
Jeffrey Clopeck was quoted in an article, "Almost-There Investors," in Banker & Tradesman. Clopeck discusses why the Securities and Exchange Commission’s (SEC) new equity crowdfunding rules are generating excitement among businesses. Clopeck says that until now most companies were only able to raise money through private placements with accredited investors. However, the new rules make it possible for small companies to include non-accredited investors in equity crowdfunding transactions.
David Swerdloff was quoted in an article, "Business Attorneys Praise New LLC Reform Law," in The Connecticut Law Tribune. In the article, Swerdloff discusses the significance of The Connecticut Uniform Limited Liability Company Act, which will go into effect July 1, 2017. He said the new law is important to small businesses that can't afford to hire lawyers to form LLCs. The new law will provide default rules allowing LLCs to form without adopting a written operating agreement. At the same time, it maintains the flexibility for business owners to contract for arrangements that meet their needs, Swerdloff said.
Eliza Fromberg was quoted in an article, "4 Things To Know As Equity Crowdfunding Rules Take Effect," in Law360.
Eliza Fromberg was quoted in an article, "JOBS Act's Lift Of Ad Ban Gains Traction With Small Cos.," in Law360. The article is about how the Jumpstart Our Business Startups Act's lifting of advertising bans for certain private placements is finally beginning to gain traction with issuers. Fromberg says she expects 506(c) offerings to pick up as methods of verifying accredited investors become more standard and the use of Internet platforms, which allow smaller companies to bypass intermediaries, become more accepted.