GPB Capital Holdings, LLC Update:  The SEC and Several State Regulators File Regulatory, Civil and Criminal Actions  Against GPB Capital Holdings and Various of its Principals and Related Entities
Feb 4, 2021

GPB Capital Holdings, LLC Update: The SEC and Several State Regulators File Regulatory, Civil and Criminal Actions Against GPB Capital Holdings and Various of its Principals and Related Entities

The Securities and Exchange Commission, regulators from seven (7) states and the United States Attorneys’ Office for the Eastern District of New York today simultaneously filed regulatory, civil and criminal actions against GPB Capital Holdings, LLC (“GPB”), two related entities, Ascendant Capital, LLC (“Ascendant Capital”) and Ascendant Alternative Strategies, LLC (“AAS”) and various principals associated […] More

Florida Supreme Court Amends Florida Summary Judgment Rule of Civil Procedure 1.510
Jan 7, 2021

Florida Supreme Court Amends Florida Summary Judgment Rule of Civil Procedure 1.510

By Brittany P. Borck

On October 15, 2019, the Florida Supreme Court accepted jurisdiction of Lopez, 275 So. 3d 831 (Fla 5th DCA 2019). In addition to accepting jurisdiction of this case, the Court also presented the question of whether Florida should adopt the summary judgment standard articulated by the United States Supreme Court in Celotex Corp. v. Catrett, […] More

Good news for the Hospitality Industry!  Serial Plaintiff’s days may be numbered.
Nov 20, 2020

Good news for the Hospitality Industry!  Serial Plaintiff’s days may be numbered.

By Dianna D. McCarthy, Heidi M. Gootnick

On November 19, 2020, the Honorable Brenda K. Sannes, United States District Court Judge for the Northern District of New York issued an order dismissing 20 of serial Plaintiff Deborah Laufer’s cases without prejudice.  This victory has major implications for the hospitality industry, as Laufer brought suit against hundreds of hotels, many of which are […] More

All-Remote Win for the Defense on a Motion to Dismiss
Oct 22, 2020

All-Remote Win for the Defense on a Motion to Dismiss

By Kenneth A. McLellan

We hope that you all are doing well and are adjusting to your new work environment, whether it be working exclusively from home or a hybrid arrangement with some time spent in the office.  Just a few months ago, no one would have thought that virtual Court appearances, depositions and mediations would become the norm. […] More

Enforcement of Massachusetts Fiduciary Rule Just Kicked In
Sep 8, 2020

Enforcement of Massachusetts Fiduciary Rule Just Kicked In

By Derek C. Anderson

On September 1, 2020, Massachusetts’ new fiduciary conduct standard went into effect.  In March 2020, Massachusetts became the first state in the country to fully adopt this heightened standard for broker-dealers. The regulations are the result of consumer-oriented Massachusetts Secretary of State Bill Galvin’s opinion that the SEC’s Regulation Best Interest (Reg BI) is insufficient […] More

SEC Expands Definition of “Accredited Investor”
Sep 3, 2020

SEC Expands Definition of “Accredited Investor”

By Michael Schwartzberg

On August 26, 2020, the Securities and Exchange Commission adopted amendments to its definition of “accredited investor”, one of the primary prerequisites to participating in private capital markets. Historically, “accredited investors” were defined solely by an investor’s income and/or net worth, without regard to the investor’s acumen or sophistication. Thus, even sophisticated and experienced investors […] More

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