Ernest Holtzheimer
Visit Attorney ProfileSEC Provides Filing Deadline Extension for Companies Affected by the Coronavirus (COVID-19)
On March 4, 2020, the Securities and Exchange Commission (SEC) issued an Order providing some regulatory relief to publicly traded companies with operations in areas affected by the Coronavirus Disease 2019 (COVID-19). To the extent such companies have certain disclosure filings due between March 1… Read More
Jersey Shore Landlords Become Subject to New “AirBnB Tax”
In one of the more recent attempts to regulate and tax the growing internet economy, New Jersey has become one of the first big states to adopt a surcharge on rentals of fewer than 90 days, a so-called “AirBnB Tax”. Though the tax became effective… Read More
NJ ABC Suspends Enforcement of ‘Special Ruling’ on Limited Brewery Licenses
The New Jersey Division of Alcoholic Beverage Control (“ABC”) announced Tuesday, October 2, 2018 that it will suspend enforcement of the Special Ruling, which was issued by the ABC less than two weeks earlier, on September 21, 2018, relating to limited brewery licenses. ABC’s Special Ruling… Read More
New Law Incentivizes Investments in Delaware-based Small Businesses by Offering Refundable Tax Credit to Angel Investors
On May 24, 2018, Delaware Governor John Carney signed the Angel Investor Job Creation and Innovation Act (the “Act”) into law, amending Titles 29 and 30 of the Delaware Code in an effort to spur job creation and innovation within the State. The Act is… Read More
SEC Continues Its Focus on Cryptocurrencies and Initial Coin Offerings amid Regulatory Concerns
On December 11, 2017, the SEC released a cease-and-desist order against digital tokens sold by Munchee Inc. (“Munchee”) along with a press release and a statement by SEC Chairman Jay Clayton on Cryptocurrencies and Initial Coin Offerings[1] (“ICO”), evidencing its continued focus on this emerging… Read More
SEC Committee on Small and Emerging Companies Publishes Final Report and Addresses SOX 404(b) and Securities Act Rule 701
In 2011, the SEC formed the Advisory Committee on Small and Emerging Companies (the “Committee”) to focus on interests and priorities of small business and smaller public companies. On September 13, 2017, the Committee met for the last time before the Committee’s charter expired on… Read More
Securities and Exchange Commission Addresses Virtual Currencies and Blockchain Technology
On July 25, 2017, the SEC issued a Report of Investigation under Section 21(a) of the Securities Exchange Act of 1934 (Exchange Act) describing an investigation of “The DAO,” a virtual organization, and its use of distributed ledger or blockchain technology to facilitate the offer… Read More
Will Your Company’s Next Big Investor be Your Favorite Athlete or Sports Franchise?
As cleanup crews sweep up the final remnants of the NFL Draft, the Phillies show potential for a successful season and the NBA and NHL playoffs in full-swing, many people currently have sports on their mind – but what does this have to do with… Read More
Legal Considerations for Companies Developing Web Enabled Devices
This post was co-written by Montgomery McCracken associates Benjamin E. Fuller and Ernest D. Holtzheimer. As the Internet of Things (“IoT”) continues to revolutionize the world through web enabled devices, from smart refrigerators to smart defibrillators, the companies engineering these devices need to be aware of… Read More
What Startups Can Learn from the 76ers ‘Process’
For those of us who are Philadelphia 76ers fans, we are all too familiar with the phrase, “Trust the Process” and how Sam Hinkie, the team’s former General Manager, spent years structuring the franchise for future success while experiencing losing seasons. With the 76ers still… Read More