Host Gary J. Ross speaks with Marc Fosse, partner in Seyfarth Shaw’s San Francisco office and a nationally recognized expert on executive compensation, about the landscape of employee equity compensation. Marc outlines the differences between stock options, restricted stock, phantom equity, and profits interests. Gary and Marc then discuss some of the tax and legal concepts relating to employee equity plans such as 83(b) elections, Alternative Minimum Tax (AMT), and 409A compliance. To close out the episode, Marc talks about common pitfalls when granting equity and offers practical guidance for early-stage companies on equity compensation.

VC Law: Episode 38: Employee Equity Incentive Plans with Marc Fosse, Partner at Seyfarth Shaw LLP

In this episode and the next one we are going to do something unusual.  We will explore the adoption of sophisticated flight control automation and look for lessons that may apply to the adoption of AI-augmented systems.

To help us understand these lessons, we are fortunate to talk with Professor David Mindell of MIT.  He is the acclaimed author of numerous books in this area, notably "Digital Apollo - Human and Machine in Spaceflight."  In this book he examines both the design of the flight controls for the vehicles that conveyed astronauts to the moon in 1969 and beyond and how the people were trained to use them.

Dr. David Mindell is Professor of Aerospace Engineering and the History of Technology at the Massachusetts Institute of Technology.  Professor Mindell has spent more than three decades researching the myriad relationships between people and machines and innovating to improve them.  He is interested in human and machine collaboration; navigation and autonomy for transportation and mobility; ultra-wideband systems; history of aviation and spaceflight; and entrepreneurship.

Mind The Gap: Episode 22: Human and Machine in Spaceflight

This case concerns the consequences for debtor misconduct in a Chapter 13 case. The Chapter 13 debtors, Marcus and Amanda Purdy, sought court approval to take out a mortgage to purchase a home, but the court denied the motion to incur debt and the debtor’s motion to reconsider the ruling. Undeterred, the debtors moved forward with obtaining a mortgage to purchase the property, providing a letter to the mortgage lender on the Chapter 13 trustee’s letterhead which was later discovered to have been forged by Mrs. Purdy. When the Chapter 13 trustee discovered the forged letter, he moved to dismiss the debtor’s case with prejudice with a 15-year bar to refiling. The bankruptcy court ultimately granted the motion, dismissing the case and barring Mrs. Purdy from filing for bankruptcy for 10 years, and barring Mr. Purdy, who did not have knowledge of the forged letter, from filing for 5 years.  The debtors appealed the order to the district court, which not only affirmed the bankruptcy court, but instructed the clerk to refer the matter to the U.S. Attorneys’ office for criminal prosecution. Mrs. Purdy was thereafter federally prosecuted for mortgage fraud, and in final tragic twist, the home purchased without bankruptcy court authorization wound up burning down a few months after it was purchased.  Judge Gunn discusses the bankruptcy case, the appeal to the district court, and the collateral criminal consequences with attorney Landon G. Van Winkle and the U.S. Bankruptcy Administrator (“BA”) for the Eastern District of North Carolina, Brian Behr.  Issues discussed include the investigative role of the Chapter 13 trustee and BA’s office into debtor misconduct, the role of local rules in bankruptcy cases, and the penalties debtors may face for violations of court orders in bankruptcy.

Bad Boys of Bankruptcy: S2E6: Forgery and Fire – The Purdy Case

Welcome to To the Extent That, presented by the ABA. Today’s From Boardroom to Courtroom features Kurt Wolfe—a Partner in Quinn Emanuel’s SEC Enforcement group, former in Securities co-host, and adjunct securities law professor at the University of Richmond.

We’ll discuss the SEC’s landmark Stable Road / Momentus enforcement, examine newly minted SPAC accounting and disclosure reforms, and explore the surprising 2025 SPAC resurgence.

From Boardroom to Courtroom: Episode 4: SPACs are Back!

In Episode 6, host Jordan L. Fischer, Esq. interviews Rachael Pashkevich Koontz, Associate General Counsel of cybersecurity and data protection for a large U.S. Government Contractor in the technology space. Rachael provides key insight into her unique role as an in-house cyber attorney, and the day-to-day role she plays in shaping the cyber policy and approach within her organization. Rachael and Jordan discuss how the cybersecurity industry is changing, and how that has made in-house advising on cyber more dynamic and impactful across the business and its operations. 

For more information on Rachael Pashkevich Koontz, visit: https://www.linkedin.com/in/rachael-pashkevich-koontz-esq-8915ba48/. to contact our host, Jordan L. Fischer, Esq., regarding this podcast or to inquire into becoming a guest, please contact Ms. Fischer at jordan@jordanfischer.me.

Cyber Security and Data Privacy: S5E6: Diving into the role of an In-House Cyber Attorney

This is the second of two episodes with MIT Professor David Mindell.  In these conversations we are exploring the detailed realities of "human in the loop" systems.  In the first session we learned about the Apollo Program's lunar landing control system.  In this episode we are going to explore a contemporary human plus computer control system failure involving a US Navy warship.

We will be looking at a collision in the Singapore Strait in the pre-dawn darkness of August 21, 2017.  The National Transportation Safety Board, or NTSB, determined that the causes of the collision between the destroyer USS John S McCain and the tanker Alnic MC included a lack of effective operational oversight, insufficient training, and inadequate bridge operating procedures.  Also contributing to the accident were the McCain bridge team’s loss of situational awareness and failure to follow steering loss emergency procedures.

Mind The Gap: Episode 23: Challenges for Humans in the Loop

In this episode, Judge Elizabeth Gunn is joined by attorneys Abigail Ryan and Jason Binford to discuss the astonishing saga of a relentless debtor who turned the bankruptcy system into his personal battlefield.

It began when Abigail Ryan’s client needed to evict a tenant for unpaid rent. But instead of leaving quietly, the tenant filed for bankruptcy, halting the eviction and launching a wave of litigation. As Abigail and Jason soon discovered, he was no stranger to this tactic, filing bankruptcy petitions on the eve of evictions, contempt hearings, and other legal trouble to stall proceedings and frustrate creditors. After exhausting his welcome in state court, where he was declared a vexatious litigant, he shifted to federal court, flooding dockets with motions, adversary proceedings, and procedural maneuvers. 

Join them for a riveting exploration of legal strategy, courtroom battles, and the fight to protect the integrity of the bankruptcy system from serial abusers.

Bad Boys of Bankruptcy: S2E7: Vexatious Litigant and Serial Bankruptcy Filer

Stephen Lawrence and Thomas Thompson both sat in prison, holding the proverbial keys to their own cells, for years on end. One was alleged to have stashed assets in an offshore trust before filing for bankruptcy; the other was alleged to have stashed the golden spoils of a shipwreck beyond the reach of creditors. Joined by Professor Christopher Hampson and Mac VerStandig, Judge Gunn explores two cases where people seemingly valued riches over freedom, and how those cases yielded two of the longest stretches of civil incarceration in modern American history.

Bad Boys of Bankruptcy: S2E8: The Pirates of the Penitentiary

Host Gary J. Ross speaks with Erik Syvertsen, Chief Legal Officer of AngelList. After a brief introduction, Erik starts off the chat by outlining some of AngelList’s key offerings, including SPVs, Rolling Funds, and Roll Up Vehicles. Gary and Erik then go into how AngelList funds tend to be structured, as well as how AngelList navigates regulatory concerns such as general solicitation and the investment adviser and broker-dealer rules. The episode concludes with a conversation about regulatory trends affecting the platform and the broader venture capital ecosystem, including potential initiatives to expand VC access to retail investors.

VC Law: Episode 39: A Talk with Erik Syvertsen, Chief Legal Officer of AngelList

Host Gary J. Ross speaks with Ruth Jin, Partner at Mintz Levin, about GP-led secondary transactions, in which a general partner of a fund initiates a sale of one (or more) of its portfolio companies to a new fund, called a continuation vehicle (CV), which is typically managed by the same GP. Ruth describes the setting up and marketing of the continuation vehicle, and the options given to the current fund’s limited partners. Gary and Ruth spend significant time on the conflict of interest issues, and how they are mitigated. Ruth also touches on the necessary disclosures that must be made in the CV’s offering documents.

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