Barely a week ago, in my most recent post, I flagged impending SEC proposals to expand the people eligible to purchase private placement equities (not registered with the SEC). To protect inexperienced or less solvent investors from the risks inherent … Continue reading
Category Archives: The Law
Today the SEC has formally proposed two significant changes to the rights afforded by Federal law to stockholders in publicly traded companies. The SEC seeks to rescind Rule 14a-8 under the Securities Exchange Act of 1934, which permits shareholders to … Continue reading
Betting on an athletic event against a sports book is gambling and, absent general Federal regulation, can be regulated (or banned) on a State-by-State basis. Today, States have the direct regulatory role for gambling. Prediction markets operate differently. Here, your … Continue reading
Elon Musk wanted $56 Billion and at first it seemed that Delaware said “no.” Meanwhile other states have moved aggressively to attract incorporations on the private and public levels. Although Musk moved his company to Texas, the main competitor for … Continue reading
Private equity investments were considered selective last year, with price being an apparent issue mitigating against deal flow. Perhaps also a lack of sufficient cash-outs constrained available capital. Optimism prevailed at the start of 2026, although to me there did … Continue reading
This month’s issue of Directorship (the publication of National Association of Corporate Directors) discusses the necessity of having a “tenth man” in the board room when discussing complex matters with substantial risk wherein the board promptly has granted approval. Boards are admonished … Continue reading
Monday the US Equal Employment Opportunity Commission formally deleted support materials permitting affirmative action in cases where it was deemed appropriate to overcome past or present barriers to equal opportunity in employment. This action is not unexpected; it is a … Continue reading
Interesting trends have popped up relative to the use of earn-outs and insurance against seller misrepresentations in acquisition practice. (Tip of the hat to the firm of SRS Acquiom which provides shareholder services in such transactions and periodically reports on … Continue reading
To my mind, few things make less sense than the regulatory status of the prediction markets. A very new phenomenon, prediction contracts first were regulated by various forms of State regulation, toyed with by the SEC and then came under … Continue reading
First, I find that many people do not understand the status of recreational cannabis. It is Federally within Class 1 and thus is not legally available, according to clear reading of Federal law. Since it may nonetheless be available under … Continue reading