How common it is to hear groans and complaints in the startup sector of the U.S. life sciences industry about the extreme difficulty facing entrepreneurs who are trying to finance the launch, development and growth of a drug discovery venture. We hear that angel investors – both individuals and funds — lack interest in investing…

New York, NY (February 11, 2014) Rimon, P.C. has added Timothy M. Gladden, a transactional attorney who has handled hundreds of deals for early stage and middle market companies, as a partner in its New York office. Mr. Gladden joins Rimon from Gladden Legal Group. Prior to that, he co-led the emerging companies practice at Schnader Harrison Segal &…

View Online Version Building Enterprise Value Seminar Series Laying the Foundation Thursday, January 23, 2014 7:30 a.m. – 9:30 a.m. Free Seminar | CPE credit available Golden Gate University, 536 Mission Street San Francisco, CA 94105 This event will also be webcast Join us as we kick off a series of events on Building Enterprise Value, including panel discussions, roundtables,…

On July 10, the SEC adopted a new rule lifting the ban on general solicitations and advertising for broker-dealers and for hedge fund and private equity fund offerings. This is a significant change from existing law and allows a fund to make its website more accessible to the public, to use social media, and to…

Mandatory trade reporting under EMIR is scheduled to begin on February 12th, 2014. ISDA and the FOA have published the “EMIR Reporting Delegation Agreement” (the “Delegation Agreement”) which provides the OTC Derivatives market industry with a tool to document delegated reporting arrangements. The Delegation Agreement generally contemplates that one party (generally the swap dealer) will…

EXECUTIVE SUMMARY: With the maximum California state income tax rate at 13.3% for both ordinary income and capital gain, strategies to defer or eliminate California state income tax have greater importance. One strategy to consider is the creation of an irrevocable children’s trust in a state with no state income tax. If the trust is…

Watch video of the event by registering here. The purpose of this educational session is to: Help webinar participants understand current and soon to be made current SEC rules that can improve capital raising opportunities. Discuss why FINRA and registered representatives are important. Understand ways that Regulation D, Rule 506(c) can be used by CEOs…

State and local taxes include a variety of taxes – income, franchise, sales, use, gross receipts, hotel occupancy, real property transfer, telecommunication and myriad other excise taxes imposed by thousands of jurisdictions.  In this four-part series, we focus on the most prevalent of these taxes – sales and use taxes.  Here, we alert Rimon’s clients…

The Hedge Fund Law Report quoted Rimon’s partner Mark Diamond for his view on the effects of clawback and backtesting in determining gross results for use in performance advertising.  The October 25, 2013 article is entitled “Can Hedge Fund Managers Use Gross (Rather Than Net) Results in Performance Advertising?” Mark Diamond noted that: “The effect…