Entries tagged “Securities Law”
International Corporate and Securities Law Attorney, James Chapman, joins Rimon as Partner in its Palo Alto Office
News May 09, 2017
Insight Michael Moradzadeh · November 01, 2011
This blog post was prepared by Inna S. Wood and Michael Moradzadeh.
The Private Company Flexibility and Growth Act (H.R. 2167), referred to as the “Facebook Rule” by many internet bloggers, was introduced in the House by Rep. David Schweikert (R-AZ) on June 14, 2011. Its main theme is to increase the shareholders of record threshold requiring the mandatory registration of a private company with the SEC from 500 to 1,000 shareholders. The act modifies the original shareholder limit that was established by Section 12 (g) of the Securities Exchange Act in 1964 and has not been revised since. It also exempts accredited investors and employees from that count.
Insight April 06, 2011
In Matrixx Initiatives et al. v. Siracusano et al, the unanimous Court held that a pharmaceutical company may be liable for securities fraud by failing to disclose a statistically insignificant number of adverse reactions to a cold medication.
Insight February 16, 2011
The SEC recently voted to propose amendments to the net worth standard for determining accredited investor status under the Securities Act of 1933. Under the proposal, the SEC's rules would be amended to exclude the value of an individual's primary residence in calculating net worth for the purposes of determining whether a person qualifies as an "accredited investor."