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Eliza Fromberg was quoted in an article, "Introduction of Regulation Crowdfunding" in Financier Worldwide Magazine. In the article, Fromberg points out there are still a number of questions lingering over the possible effectiveness of Regulation Crowdfunding due to regulatory restrictions. "Although it has captured the public's imagination, I do not believe that Regulation Crowdfunding will have a significant impact on capital raising activity unless and until the $1m limit is increased significantly. However, the current regulation is a starting point, and if this experiment goes smoothly, and the SEC is able to adequately protect investors from fraudulent offerings, we may see regulatory interest in expanding this 'pilot programme'."
Day Pitney Alert
On April 24, Francine Esposito and Laura Schuman delivered a Business & Legal Resources (BLR)'s webinar entitled "New Laws with Major Impact on Employers Operating in New Jersey Taking Effect: What You Need to Know to Comply."
Day Pitney Alert
Day Pitney advisory, "You Have the COVID-19 PPP Loan – Know the Rules to Maximize Forgiveness," authored by Susan R. Huntington, Richard D. Harris and Michael J. Dune, was mentioned in Forbes article "Are You Expecting PPP Loan Forgiveness? Don't Forget This Step."
Day Pitney Press Release
Day Pitney LLP represented 1st Constitution Bancorp in connection with its merger agreement with Shore Community Bank, pursuant to which 1st Constitution will acquire Shore in a stock and cash transaction valued at $16.54 per share, or approximately $53.1 million in total consideration.
Day Pitney Press Release