On March 14, 2023, South Shore Bancorp, MHC, South Weymouth, Massachusetts and 1831 Bancorp, MHC, Dedham, Massachusetts, announced their agreement to form a strategic partnership through the merger of South Shore Bancorp, MHC with and into1831 Bancorp, MHC. Pursuant to the proposed transaction, their respective bank subsidiaries, South Shore Bank and Dedham Institution for Savings, would remain independent entities under a mutual multi-bank holding company. South Shore has 12 full-service offi ...
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No Discharge for “Fraud in the Passive Voice” by Thomas A. Gugliotti
Why You Should Have Paid More Attention to Your Elementary School Grammar Lessons: No Discharge for “Fraud in the Passive Voice” Thinking way back to your elementary school years, maybe even your high school days, you probably recall wondering what use you would ever get out of learning the difference between “active and passive voice” in a sentence! An understanding of this grammatical nuance may be helpful in understanding how to interpret 11 U.S.C. 523(a)(2)(A), which section identifies cer ...
Michael Botelho | National Association of Bond Lawyers’ Institute
On March 9, 2023, Updike, Kelly & Spellacy shareholder Michael Botelho will be chairing the panel “Securities Law Considerations Concerning Limited Public Offerings and Private Placements” at the National Association of Bond Lawyers’ Institute. The panel will examine particular considerations regarding standards of disclosure, investors letters and other topics that distinguish these offerings from public offerings. The role of placement agent counsel and underwriter’s counsel in these tra ...