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.
Matt Dunn and Jeremy Steckel explain that nonprofit organizations are vulnerable to cyber-attacks, describe common cyber threats and applicable privacy and data breach laws and regulations, and recommend best practices.
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.
Leonardo Trivigno and Dylan Ruffi outline the history of Franchise Tax Board of California v. Hyatt, the decades-long dispute, in the New York Law Journal.
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.
Carter Ledyard assisted Mr. Yongquan Bi, a client, change the control of NF Energy Saving Corporation (NASDAQ: NFEC) by reconstructing the composition of its Board of Directors.
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.
Alison Powers Herman was promoted from Counsel to Partner, and Mary Winchurch Brown from Associate to Counsel.
The OTC Markets Group provides price and liquidity information for roughly 10,000 over-the-counter securities.
The 1st Department Appellate Division upheld a Supreme Court decision to ban single-use Styrofoam containers in food service establishments in New York City.
Steve participated in the Annual Meeting of the American College of Environmental Lawyers in Jackson Hole, Wyoming to review environmental law developments.
A London-based co-living developer closed on the purchase of a $55 million dollar development site in Bushwick, Brooklyn. Land Use counsel was provided by Paul Proulx.
Judge Alison J. Nathan adopted a report that determined that the iconic artwork, "The Mechanism of Meaning" by Shusaku Arakawa, and associated intellectual property rights, must be litigated in the New York Surrogate’s…