Securities & Exchange Commission (SEC)
More Securities & Exchange Commission (SEC) Articles
Securities & Exchange Commission (SEC)
A New Statutory Remedy For Oppressed Members Of LLCs - Not Necessarily A Panacea
New Jersey and at least seven other states and the District of Columbia have adopted the Revised Uniform Limited Liability Company Act, codified in New Jersey as N.J.S.A. 41:2C-1, et seq. (“RULLCA”). RULLCA is effective as to all New Jersey LLCs formed on and after March 18, 2013 and...
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Second Circuit Addresses American Pipe Tolling And “Relation Back” In Federal Securities Class Actions
On June 27, 2013, the Second Circuit resolved a question of law that previously had been unsettled in this Circuit when it held, in In re IndyMac Mortgage-Backed Sec. Litig., No. 11-2998-cv(L), that the Supreme Court’s tolling rule established in American Pipe & Construction Co. v. Utah...
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SEC Lifts Ban On General Solicitation For Certain Private Offerings, Disqualifies "Bad Actors" From Participating In Regulation D Private Offerings And Proposes Rules To Assist In Monitoring Market Practices
The Securities and Exchange Commission has adopted major amendments to the private placement safe harbor under Rule 506 of Regulation D and to Rule 144A under the Securities Act of 1933 (the “Securities Act”). The amendments will allow general advertising and general...
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