After the SECs adoption of amended Rule 506(c) permitting general solicitation to accredited investors in private placements, the SEC has proposed (but not yet adopted) another rule-making foray designed to protect investors in such transactions. These protections were discussed at … Continue reading
Category Archives: The Law
At this week’s Practicing Law Institute annual conference on securities regulation, there was extensive discussion of changes in the regulatory scheme for private placements. There are three major moving parts to 2012 JOBS Act reforms loosening up the private placement … Continue reading
This Fall has seen a resurgence of IPOs, and radical changes in the law of private placements. Both the IPO and the private placement markets remain in unclear regulatory territory, however; this is the teaching of the Practicing Law … Continue reading
I see lots of recent literature about aggressive SEC and DOJ enforcement of the FCPA. Traditionally, easy targets were the medical and energy sectors; the statute prohibits improper payments to overseas government officials, and these industries feature deep governmental ownership. … Continue reading
Where is the MedTech industry going? A brief report from the MassMedic conference held Friday, November 1 at UMass Boston, follows: The top ten segments for device development over the next 5 years will not change; the leaders are in … Continue reading
Without question one of the premier lawfirms in the United States, Wachtell Lipton long has represented, and spoken for, “larger corporate interests.” Today’s news brings us two factoids suggesting that it is not always easy being Wachtell. First, the Shareholder … Continue reading
Today’s email basket contains an SEC announcement of its settlement of Foreign Corrupt Practices Act charges against medical equipment seller Stryker Corporation, involving world-wide corrupt payments to foreign government individuals in an effort to garner business contracts. The tab? About $13.2M … Continue reading
Women have a drive for style and uniqueness, expressed in clothing, jewelry and home goods. (Men, not so much.) How do you build a $1,000,000,000 business around this concept? The answer is by operating the category leader in internet home … Continue reading
Yesterday’s post outlined some major issues in cyber security. From a governance standpoint, in the face of heightened cyber risk, what are the obligations of a board of directors? Make sure that management develops a “breach plan” that identifies the … Continue reading
“There are only two kinds of companies in the United States: those who have been hacked and know it, and those who have been hacked and do not know it.” Thus spake Richard Clarke, consultant to US presidents, at an … Continue reading