In May 2023, Day Pitney represented a state pension fund in connection with a $150 million investment into a $5.2 billion private equity fund focused on investments in control positions in North American headquartered underperforming industrial companies. The Day Pitney Institutional Investor group, consisting of Peter Bilfield, Shant Chalian, Lydia Lee, Tim Spiegel and Kim Morabito, with U.S. tax assistance from Justin Hannan and Emily Byrnes, and ERISA assistance from David Doyle, negotiated the terms of the amended and restated agreement of limited partnership, investment management agreement, form of guarantee and side letter, securities, partnership, tax and enforceability opinions, and subscription agreement. The Day Pitney team also advised the client on all aspects of the investment, including, management fee offsets, limitations on indebtedness, information rights on follow-up investments, alternative investment vehicle provisions, co-investment rights, expense allocations, cause standards, diversification and investment guidelines, exculpation and indemnification provisions, and sponsor fiduciary duties.
Day Pitney Data Privacy, Protection and Litigation practice group co-chair William Roberts and Associate Johanna Lerner authored an article titled, "New Jersey Bolsters Cybersecurity Incident Reporting Requirements," for the New Jersey Law Journal's Cybersecurity Special Section.
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.
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 Trusts and Estates Attorney Nikolaus Schuttauf was featured in The Wall Street Journal article titled, "The Estate Tax Catching Americans by Surprise."
Day Pitney Real Estate Partner Jared Ross has been elected to the Board of Directors of the New England Council.
The IRS recently announced the cost-of-living adjustments applicable to certain dollar limitations for employee pension benefit plans for 2024.
The arrival of new Miami Healthcare Partner Magda Rodriguez was featured in the Florida Bar News' On the Move column.
The arrival of new Miami Healthcare Partner Magda Rodriguez was featured in the Miami Today article, "Day Pitney Adds Partner."
Day Pitney Press Release
The arrival of new Miami Healthcare Partner Magda Rodriguez was featured in CityBiz article, "Magda Rodriguez Joins Day Pitney as a Healthcare Partner in the Firm's Healthcare Life Sciences and Technology Practice."
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