A 42ft Egg Harbor went down off of NJ yesterday and it reminded me of this thread. Reports say that the boat went down in 8 minutes and the crew only had time to grab the hand held VHF and jump in the life raft. The E-PIRB did not deploy and went down with the boat. Luckily, they were able to use the hand held to contact a nearby vessel and all were rescued.
Good Samaritan rescues 5 from life raft near Barnegat Light, N.J. | Coast Guard News