Mark Salah Morgan, Christina Parlapiano and Alba Aviles wrote an article,"Lenders, Protect Your Place in Line," for The New Jersey Law Journal. The article is about the significance of the New Jersey Supreme Court decision in Rosenthal & Rosenthal v. Benun, No. A-6-15, 076266. The ruling held that an intervening lien will take priority over optional future advances made by a lender that holds a mortgage to secure optional future advances and has actual notice of the intervening lien. The court's holding puts lenders on notice that they must obtain subordination agreements when operating under an optional future advance agreement before lending additional monies or they risk losing priority. As a result, in order to safeguard their priority, lenders should ensure that as soon as they have notice of an intervening lien, either by running a title search or other actual notice of the intervening lien, a subordination agreement is obtained and executed prior to any advance of discretionary monies.
On October 5, partner Ellen Knarr served as a panelist at the St. John's University School of Law Women's Leadership Boot Camp, presented by the Women's Law Society.
Joy Harmon Sperling will be speaking at a mentorship workshop and moderating a GC roundtable at “Women Leaders in Financial Services Law and Compliance,” a conference being presented by the American Conference Institute (ACI) and held in New York, NY from May 9 – 11.
As part of its ongoing Family Office Investing Series, Day Pitney LLP hosted a private, invitation-only program at The Cornell Club of New York, themed “Real Estate Investing: Challenges and Opportunities in a Rapidly Changing Landscape.”
Day Pitney hosted its annual invitation-only Family Office Forum in Palm Beach. The theme for the 2018 Forum was "Protecting Your Family and Wealth in the Global Digital Economy: A Forum Exploring Security Risks and Investment Opportunities."
On January 31, Michael Rave, James Carlon and Steven Cash will be speaking at "What Marijuana Legalization Could Mean for Banking," a conference presented by the New Jersey Bankers Association being held at the Forsgate Country Club in Monroe Township, New Jersey.
Day Pitney Press Release
Tom Goldberg and Scott Beach were quoted in an article, "Day Pitney Lawyers Bullish About Stamford Move," published by the Stamford Advocate.
Day Pitney Press Release
Michael Rave was quoted in an article, "Big Deals Fuel Value Rebound in NJ-Based M&A Market," published by the New Jersey Law Journal.
On December 7, Day Pitney, ICSGroup and CohnReznick co-sponsored "Launching a Private Fund: What You Need to Know."