Eliza Fromberg was quoted in an article, "Dated Accredited-Investor Standard Creates SEC Dilemma," on Law360. On October 9, the SEC Investor Advisory Committee proposed that the SEC reconsider the accredited-investor standard, which has not changed since 1982. The current standard requires a person to have a net worth of more than $1 million, or at least $200,000 in annual income for the most recent two years to be deemed an accredited investor. Eliza noted, "There are many people who meet those thresholds who are completely clueless about finance... [and] others who aren't wealthy but who are more than capable of understanding a complex investment." The investment advisory committee proposed the SEC move toward a more dynamic way of assessing whether an individual investor is suitable for private securities deals.
In October 2023, Day Pitney represented a state pension system client in connection with a $200 million investment in a $20 billion private equity fund, and its accompanying co-investment vehicle, focused on acquiring, operating and disposing of financing, software, data and technology-enabled businesses.
Three Boston-based Private Client Department Day Pitney Partners were selected for inclusion on Boston magazine's Top Lawyers of 2023 List*. The selected attorneys are: Jordana G. Schreiber, Partner – Trusts and Estates; David L. Silvian, Partner – Trusts and Estates; and Christine N. Fletcher, Partner – Trusts and Estates.
Day Pitney Technology Partner Richard Harris was interviewed by Brian Shactman of WTIC Radio's Brian & Company along with Adam Chiara, Applied Associate Professor of Communication at the University of Hartford on artificial intelligence (AI).
Day Pitney Real Estate Partner Daniel Diaz Leyva was featured in The Real Deal article, "'Playing with the House's Money': How Buyers, Sellers Are Closing Deals."
Day Pitney Trusts and Estates Attorney Nikolaus Schuttauf was featured in The Wall Street Journal article titled, "The Estate Tax Catching Americans by Surprise."
Day Pitney Litigation Partners Joseph Scully and Daniel FitzMaurice authored the article, "How to Cheat in Arbitration – Allegedly: Part I," for ARIAS-U.S. Quarterly (4th Quarter 2023).
Day Pitney Miami Litigation Partner Georgia A. Thompson was recognized by South Florida Business & Wealth magazine with a 2023 Up and Comer Award—Excellence in Leadership (Existing Company).
Day Pitney White Collar Attorney Stan Twardy was featured in the Law360 article, "Outspoken NY Judge Could Help Trump More Than Hurt Him."
Day Pitney Trusts and Estate Attorney G. Warren Whitaker authored the article, "The Dog Ate My Kids' Inheritance: Providing for Pets in an Estate Plan," for New Jersey Lawyer.
Day Pitney Real Estate Partner Jared Ross has been elected to the Board of Directors of the New England Council.
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