Jeremy S. Steckel Co-Authors Article on Social Impact Bonds
Carter Ledyard attorney Jeremy S. Steckel co-authored an article published in the NYU Journal of Law & Business on “pay for success” programs, also known as “social impact bonds.” These programs, in which private investors finance social services programs and receive a return on their investment if pre-agreed outcomes are met, are increasingly popular vehicles for attracting private resources to address social problems. The article considers how the private benefit doctrine—which prohibits nonprofits from being operated more than incidentally for the benefit of private interests—might affect the structures of pay for success programs, and how it might limit or encourage their expansion in the future.
The article is available here.
Surrogate Nora Anderson rejected an attempt to dismiss the Petition of our client Radio Drama Network, to invalidate testamentary instruments that deprived it of a $100 million bequest from its founder Himan Brown.
In an article recently published in Think Advisor, Guy Lander, Alex Malyshev and Matt Schwartz survey the advantages and risks of investing in the Cannabis industry.
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Known as the “Tombs Angel,” Ms. Foster was a volunteer in the court’s criminal justice system who devoted much of her adult life to serving imprisoned New Yorkers.
The conference highlighted the bridges of progress and prosperity being built between the New York and Belfast business communities.
Despite legalization in numerous states, the use of marijuana for any purpose remains barred by federal law, and the ban still has considerable power to damage businesses with activities that are otherwise legal.
Our 2018 Year in Review highlights the cutting-edge work of our clients and the ways we helped them succeed.
Matt Dunn, Ted McDonough and Steve Glusband outline the basic principles of individual liability under the Foreign Corrupt Practices Act (FCPA), specifically as it relates to directors and officers.
The NY Supreme Court dismissed all claims against Carter Ledyard clients Fox Capital Group Inc., and Commonwealth Merchant Advance Inc.
The women lawyers of Carter Ledyard hosted a lively evening at the Center for Book Arts featuring filmmaker and visual artist Zeva Oelbaum and author, photographer, and collector Dr. Alice Kandell.
As the the cannabis industry continues to grow, investment interest is unmistakable. Alex Malyshev identifies precautionary signs that may help investors' awareness of Risk Factors in various disclosure documents.
Karen's article identifies portability as a useful estate planning tool, but suggests it is no substitute for thoughtful estate planning.
The firm is a proud partner of the Food Bank for New York City’s 2019 Justice Served Campaign.
PCG closed a multi-million dollar capital investment in Independent Financial Partners (IFP), facilitating IFP’s launch of a new online platform.
Client Advisory: Jeff Boxer and Alex Malyshev discuss the Supreme Court's recent unanimous decision in Henry Schein, Inc. v. Archer & White Sales, Inc., and what it means for arbitration.