On April 5, 2012, the Jumpstart Our Business Startups (JOBS) Act was signed into law by President Barack Obama. The stated purpose of the Act is to “increase American job creation and economic growth by improving access to the public capital markets for emerging growth companies.” On October 23, 2013, the SEC released proposed rules establishing a framework for crowdfunding offerings which have been regulated under the JOBS Act. The public comment period for the proposed rules ended on February 3, 2014. On April 10, 2014, the Investor Advisory Committee voted unanimously to ask the SEC to adopt a series of recommendations to the proposed crowdfunding rules. The SEC has since adopted crowdfunding rules. This session, led by attorneys Peter Halprin and Raymond Mascia, reviews the legislative background of these rules as well as the insurance implications as a result of these rules.
Gain insight on the Jumpstart Our Business Startups (JOBS) Act
Identify the insurance implications associated with the Crowdfunding Regulations
Peter A. Halprin is a partner in Pasich LLP’s New York office. Peter represents commercial policyholders in complex insurance coverage matters with a focus on recovery strategies in relation to cyber crime, natural disasters, professional services, regulatory investigations, and technology disputes. Over the course of his career, Peter has arbitrated, litigated, and mediated claims involving a broad range of insurance policies and recovered hundreds of millions of dollars in insurance proceeds for policyholders.
Peter has advised clients regarding insurance coverage under an array of forms and policies including Boiler & Machinery, Builder’s Risk, Commercial Crime, Cyber, Directors & Officers (D&O), Employment Practices Liability (EPL), Errors & Omissions (E&O), Fidelity, General Liability (GL), Kidnap & Ransom (KKR), Media Liability, Pollution Legal Liability (PLL/EIL), Products Liability, Property, Technology E&O, Trade Credit, and Workers’ Compensation.
Peter also drafts coverage analyses and correspondence, and advises captive insurance companies regarding reinsurance recoveries. In this area, with a focus on health care and hospital professional liability programs, Peter has recovered over $200 million in reinsurance proceeds for captive insurance companies. He has also advised such companies in the design of claims adjustment and related alternative dispute resolution programs.
Peter acts as counsel for U.S. and foreign companies in domestic and international arbitrations, including both ad hoc (ARIAS, Bermuda Form, London) as well as institutional (AAA, ICC, ICDR, JAMS, LCIA) arbitration forums. He has served as both party-appointed and sole arbitrator, and is a Member of the AAA National Roster of Arbitrators.
Peter assisted in the drafting of the new ARIAS•U.S. Panel Rules for the Resolution of Insurance and Contract Disputes.
Raymond A. Mascia Jr. is an attorney in Anderson Kill’s New York office. His practice concentrates in commercial litigation and insurance coverage litigation exclusively on behalf of policyholders. He has extensive experience in insurance coverage matters in state and federal court involving general liability, professional liability, and property insurance.
Mr. Mascia joined Anderson Kill in 2009 and left briefly in 2013 to clerk for the Honorable Joanna Seybert of the U.S. District Court for the Eastern District of New York. Prior to joining the firm, Mr. Mascia also served as a judicial intern to the Honorable A. Kathleen Tomlinson of the U.S. District Court for the Eastern District of New York and the Honorable Daniel A. Angiolillo of the New York Appellate Division, Second Department.
While attending St. John's University School of Law, Mr. Mascia was Editor-in-Chief of the St. John's Law Review. He graduated on the Dean's List and was the recipient of the Chief Judge Edward D. Re Commencement Prize. During law school, he received academic achievement awards in New York Practice, Advanced Legal Writing, and Fact-Writing & Persuasive Legal Documents for achieving the highest grade in each class.
Hoping to learn more about CF.
Very good program
Very good coverage of an important emerging topic.
It is different than when I was in school a million years ago but Insurance is an interesting and great subject, Thanks
This twosome of talented speakers does not disappoint Lawline listeners and viewers who will exit this presentation with an understanding of crowdfunding; awareness of the Jumpstart Our Business Startups (JOBS) Act; cognizance of crowdfunding regulations; and an ability to detect insurance implications linked with said regulations.