SEC Considering New Regulations Governing Capital Formation for Smaller...
On April 6, 2011, Mary L. Schapiro, Chairman of the Securities and Exchange Commission ("SEC") sent a letter to Darrell E. Issa, Chairman of the Committee on Oversight and Government Reform, responding...
View ArticleRegulatory Update: SEC Adopts Final Rules Defining “Accredited Investor”...
Just before 2011 year-end, the SEC adopted final rules first proposed in January 2011 to exclude the value of an investor’s home when determining if an investor meets the net worth test for an...
View ArticleThe March Towards Meaningful Reform for Small and Emerging Growth Companies...
Building on months of momentum in Congress, on March 8, 2012, the U.S. House of Representatives passed the Jumpstart Our Business Startups (JOBS) Act by a bi-partisan vote of 390-23. A similar bill, S....
View ArticleSenate Passes Modified JOBS Act – Regulatory Reform for Small and Emerging...
On March 22, 2012, the Senate passed the Jumpstart Our Business Startups (JOBS) Act by a vote of 73-26. The House of Representatives passed the JOBS Act on March 8, 2012 by a vote of 390-23. The Senate...
View ArticlePresident Obama Signs JOBS Act: Landmark Reform for Small and Emerging Growth...
On April 5, 2012, President Obama signed the Jumpstart Our Business Startups (JOBS) Act, enacting it into law. The JOBS Act is intended to make it easier for smaller and earlier stage companies to...
View ArticleSEC Eliminates the Prohibition on General Solicitation for Rule 506 and Rule...
On July 10, 2013, the SEC adopted the amendments required under the JOBS Act to Rule 506 that would permit issuers to use general solicitation and general advertising to offer their securities, subject...
View ArticleDelaware Chancery Court Finds Merger “Entirely Fair” to Common Stockholders...
In In re Trados Inc. Shareholder Litigation, Case No. 1512-VCL, 2013 Del. Ch. LEXIS (Del. Ch. Aug. 16, 2013), Vice Chancellor Laster of the Court of Chancery of the State of Delaware resolved the...
View ArticleNot So Fast – Challenges in Reincorporating from California to Delaware
There are several reasons that a California corporation may want to reincorporate to Delaware. Venture capital funds or other investors may demand a reincorporation to Delaware as a condition to...
View ArticleCalifornia Tax Relief for Sellers of Qualified Small Business Stock
On Friday October 3, 2013, Governor Brown signed into law AB 1412, which provides full relief for individuals affected by the decision in Cutler v. Franchise Tax Board, where the California Court of...
View ArticleCrowdfunding Moves Forward: The SEC Issues Proposed Rules on Crowdfunding
On October 24, 2013, in accordance with Title III of the Jumpstart Our Business Startups Act (the “JOBS Act”), the Securities and Exchange Commission (the “SEC”) issued a press release and published...
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