Schulte Roth & Zabel LLP

In 2024, the SEC adopted amendments to the rules and forms related to its EDGAR filing system, known as "EDGAR Next," which aim to enhance security and modernize the system. These changes will require all filers to enroll and designate individuals responsible for managing their EDGAR accounts. Here is a summary of the changes: ? · On March 24, 2025, enrollment opens for EDGAR Next and existing filers can begin enrolling and?using the new EDGAR Filer Management dashboard. Existing?filers must enroll by Sept. 12, 2025, to avoid interruptions in filing capabilities. ? · A new EDGAR?Filer Management Dashboard will be launched, requiring individual Login.gov credentials to manage EDGAR accounts or for prospective filers to apply for EDGAR access using an amended Form ID.? ? · Filers will generally be required to designate at least two account administrators to manage their EDGAR accounts. Account administrators can assign roles and delegate filing authority to third parties like law firms, broker-dealers, printers or other filing agents. ? · Starting Sept. 15, 2025, enrollment in EDGAR Next will be mandatory for all filers, and filers will no longer be able to submit filings through the legacy shared password-based access system.?Filers will be able to continue to make filings using the current system until then.? ? Learn more about the changes in the attached Alert. ? Authors: Adriana Schwartz | Brandon Gold | Arelys Reyes | Joseph Valerio ? #SchulteLaw

Schulte special counsel Elizabeth Carr was recently featured in the WiS Week 2025 Leader Spotlight. This year's theme is "Women Who Inspire: Shaping the Next Generation of Changemakers.” The spotlights feature exceptional leaders that WiS Diamond Sponsors nominated for their outstanding contributions to the Structured Finance Association and the finance industry. When asked what advice she would give to young women aspiring to pursue careers in finance, Elizabeth said: "Have confidence in yourself! I have seen a number of young women who have begun a career in finance but have taken an off-ramp because they thought it would be too difficult. While there will be challenges and much to learn, you have the skills to succeed." Learn more about WiS Week 2025 at the link in the comments.

Schulte recently hosted a fireside chat with Lourdes Rivera, president of pro bono client Pregnancy Justice, to discuss the evolving landscape of reproductive rights and the increasing criminalization of pregnancy in the wake of the Dobbs decision that overturned Roe v. Wade. The discussion was led by Schulte special counsel Shannon Wolf. ? Lourdes has over 30 years of experience as a respected leader in reproductive rights and justice, health law and policy, and philanthropy. She served as a senior vice president of U.S. Programs at the Center for Reproductive Rights and was co-founder of California Latinas for Reproductive Justice and the Groundswell Fund. Lourdes detailed how the Dobbs decision has led to an increase in the criminalization of pregnancy and efforts to assign legal rights or personhood to fetuses. Prosecutors have charged women with crimes like child abuse, endangerment, or neglect or murder or manslaughter for conduct during pregnancy or for experiencing a pregnancy loss. ? While Pregnancy Justice has been a pro bono client for 15 years, more than half of the hours dedicated by Schulte's lawyers and staff have been following the Dobbs decision. The firm partnered with Pregnancy Justice in the immediate aftermath of the Alabama Supreme Court ruling that effectively outlawed IVF, working to track rapidly shifting legal developments and update Pregnancy Justice’s report, "Unpacking Fetal Personhood: The Radical Tool That Undermines Reproductive Justice." In 2022, as the Dobbs decision loomed, we collaborated to draft "Confronting Pregnancy Criminalization: A Practical Guide for Healthcare Providers, Lawyers, Medical Examiners, Child Welfare Workers, and Policymakers." #WomensHistoryMonth #SchulteLaw #ProBono

Throughout #WomensHistoryMonth, we are sharing reflections from our colleagues. Pamela Bunn #EmbraceEquity #WomensHistory #SchulteLaw

I'm excited for the “Negotiating Private Equity Fund Terms: Key Provisions, Emerging Trends, and Recent Developments” webinar on March 25th at 1pm ET. Mike Pergler and I will explore critical issues impacting the private equity sector, focusing on the rights and responsibilities associated with the removal of general partners, specifically through “no-fault divorce” and “for cause” termination provisions. We will also explore general partner standards of care, fiduciary duties, and indemnification clauses while addressing trends in carried interest calculations and clawback mechanisms in response to increased scrutiny from the SEC. Register to join us: https://bit.ly/3DSVXm7

I'm honored to serve as the Conference Chairperson at the 27th Real Estate Private Equity Summit, hosted by iGlobal Forum on March 25th. In my opening remarks, I will set the stage for our esteemed speakers by reviewing the market resets, capital shifts, and emerging opportunities that our panelists will explore. ? Learn more about the event and register to join me: https://bit.ly/3Rg22Mq

We’re #hiring a new Instructional Designer and Strategist in New York City Metropolitan Area. Apply today or share this post with your network.

As part of the Conference Organizing Committee, Schulte partner and co-head of the Investment Management Group Stephanie Breslowow presented on the “Interactive Industry Round-up” panel at the International Bar Association’s 23rd Annual International Conference on Private Investment Funds. The panel discussed a range of topics, including the ongoing challenges that high interest rates and weak capital markets present for the private equity industry, use cases for cryptocurrency and artificial intelligence and optimism about the collaborative approach now being pursued by the SEC. Learn more about Schulte’s Investment Management Group at the link in the comments. #InvestmentManagement #PrivateFunds #Crypto

On Feb. 17, 2025, a bipartisan group of Delaware legislators introduced a bill proposing a set of significant amendments to the Delaware General Corporation Law that, if approved, would dramatically limit stockholders’ ability to access corporate books and records and reduce Delaware courts’ scrutiny of transactions with conflicted controlling stockholders. While ostensibly aimed at increasing clarity and predictability for transactional planners, the proposed amendments likely will create new areas of uncertainty that boards may exploit to avoid accountability to stockholders and remove a potent tool used by activists to uncover board wrongdoings. Learn more about the proposed amendments at the link in the comments. Authors: Ele Klein | Randall Adams | Frank Olander | Brandon Gold | Sean Brownridge | Ashley Cardenas #SchulteLaw

Schulte partner Andrew Mazzarella and ASC Advisors LLC Managing Partner Steven H. Bruce presented "Developments in Crypto Markets" at the AIMA - The Alternative Investment Management Association Global Policy & Regulatory Forum. During this intimate breakout session, they discussed the evolving regulatory environment for crypto and blockchain technology, new developments in private fund managers’ digital asset investment strategies and crisis management communications. Learn more about Schulte's Blockchain Technology and Digital Assets Practice at the link in the comments.