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The U.S. Securities and Exchange Commission (the “SEC”), after over a decade, adopted final rules in August regarding executive compensation disclosures to implement the pay-versus-performance rule required under the 2010 Dodd-Frank Act. Under the rules, publicly traded companies will now be required to disclose information reflecting the relationship between executive compensation the company pays to certain executives and the company’s performance, in essence having to justify compensation pa ...

Updike, Kelly & Spellacy, P.C. is pleased to announce that Attorney Matthew P. H. Warden, an associate at UKS, was recently elected Construction Law Chair for the Young Lawyers Section of the Connecticut Bar Association.  In this role, Attorney Warden is responsible for facilitating construction law CLE and facilitating YLS events.  Mr. Warden practices in the areas of commercial litigation, insurance coverage and defense litigation, product liability and toxic torts, professional liability, ...

On Friday, September 23, 2022, UKS Attorney Christopher L. Brigham will be a guest speaker at The Connecticut Association of Independent Schools (CAIS) 2022 Annual Conference of Governance. Attorney Brigham will be discussing the legal aspects of responsible trustee leadership.  Click Governance Conf. 2022 (canva.com) to learn more. UKS is also a Principal Conference Partner of CAIS.  CAIS, founded in 1950, is a voluntary association of 93 non-profit independent schools serving over 30,000 stud ...

UKS Shareholders Patricia D. Anderson and Jennifer L. DiBella attended the Annual Conference of The New Hampshire and Vermont Bankers Association at Wentworth by the Sea in New Castle, NH on September 12th and 13th. This event brought together the CEOs and CFOs, officers and directors of most of the banks in New Hampshire and Vermont. Updike, Kelly & Spellacy, P.C. was a sponsor of the Annual Meeting. Patricia D. Anderson is a Shareholder in UKS’ Hartford office, practicing in the areas of ...

UKS is pleased to announce that Richard D. Carella has been selected by the Middlesex County Chamber of Commerce as a recipient of its Distinguished Citizen’s Award for 2022. Each year at the Chamber’s Annual Dinner (https://www.middlesexchamber.com/annual-dinner/) a special award is presented to one or more members of the business community who have demonstrated outstanding and unselfish service to the community. Attorney Carella is an active leader of many community organizations.  He has serv ...

Updike, Kelly & Spellacy, P.C. is proud to be a sponsor of the Connecticut Science Center’s Annual Event, “Back to the Future” on October 1, 2022, at the Connecticut Convention Center, in support of inspiring programs to meet the current and future science, technology, engineering, and math (STEM) workforce needs of our region. The event also celebrates the STEM heroes and innovators in our community and the Petit Family Foundation Women in Science Leadership Awards. UKS Shareholder, Jenn ...

Financial institutions and investment companies, like in many other industries, are under increasing pressure to demonstrate a commitment to addressing environmental, social and governance (“ESG”) issues.  ESG strategies have become a focus for regulators, institutional and individual investors and ratings agencies, as well as customers and employees.   More and more stakeholders are scrutinizing investment and lending practices of financial institutions to determine whether they align with thei ...

Updike, Kelly & Spellacy recently completed its representation of the State of Connecticut in the establishment of the $150 million Connecticut Small Business Boost Fund whose purpose is to provide low-interest loans to small businesses and non-profit organizations in the state with a particular focus on low-income and underserved communities.  Shareholder Michael Botelho served as lead counsel to the State Department of Economic and Community Development (DECD), the state agency responsible ...

GMAT Legal Title Trust 2014-1, U.S. Bank, N.A. as Legal Title Trustee v. Vito Catale Appellate Court Upholds Incorporating Summary Judgment Affidavits into PJR Application; Due Process Challenge to Lack of Post-Attachment Hearing Dismissed as Moot After Foreclosure Judgment UKS Attorney Paul Gilmore successfully defended an appeal from a prejudgment remedy order obtained on exigent circumstances (probable cause that the defendant was about to secrete or remove valuable assets from the state t ...

UKS is pleased to announce that Kevin J. McEleney, Esq. was recently elected to serve as President of the Hartford County Bar Association and Thomas  A. Gugliotti, Esq. was awarded The William (Bill) R. Davis President’s Award presented to a member of the HCBA who has been engaged in the practice of law for more than 10 years, exemplifies the highest traditions of the legal profession, has performed significant services to the community at large, and exemplifies excellence and civility in his or ...