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Results: 1-10 of 159

Putting a Premium on Illiquidity: Some Reflections on the SEC’s Scrutiny of Valuation Practices and Disclosures
  • Proskauer Rose LLP
  • USA
  • August 19 2016

Valuation is typically near the top of the list when the SEC's enforcement division and exam staff disclose their priority topics for private funds


Seventh Circuit Adopts Trulia Standard for Disclosure-Only Settlements
  • Proskauer Rose LLP
  • USA
  • August 18 2016

Last week, in an opinion authored by Judge Richard Posner, the U.S. Court of Appeals for the Seventh Circuit rejected a proposed class-action


Proposed Regulations under Section 355 Clarify Device and Active Trade or Business Requirements for Tax-Free Spin-offs
  • Proskauer Rose LLP
  • USA
  • July 28 2016

On July 15, 2016, the U.S. Internal Revenue Service (IRS) and the Department of the Treasury (Treasury) published proposed regulations that would


ESMA issues advice on extension of the AIFMD Third Country Passport to 12 non-EU countries, including the United States
  • Proskauer Rose LLP
  • European Union, Global, USA
  • July 19 2016

ESMA has published advice on the extension of the AIFMD passport in respect of 12 non-EU countries, including the United States. In the case of the


SEC Announces Settlement with Adviser Found to Have Acted as an Unregistered Broker
  • Proskauer Rose LLP
  • USA
  • June 9 2016

The SEC is continuing its pattern of establishing “standards of conduct” for the private equity industry through speeches, enforcement actions, and


Theranos, the SEC’s Pursuit of Unicorns, and Taking the Reins of Internal Controls
  • Proskauer Rose LLP
  • USA
  • May 18 2016

In the wake of a host of negative developments, Theranos Inc. is reportedly under investigation by the Department of Justice and the Securities and


N.Y. Court of Appeals Adopts Business Judgment Rule, with Conditions, for Going-Private Mergers
  • Proskauer Rose LLP
  • USA
  • May 5 2016

The New York Court of Appeals has followed Delaware in holding that the business-judgment rule applies to going-private mergers as long as certain


A Commonsense Explanation of the SEC’s Regulation of Private Investment Funds
  • Proskauer Rose LLP
  • USA
  • April 27 2016

The SEC’s regulation of the private investment funds industry has generated significant attention and commentary, as well as a fair amount of


Sun Capital Court Finds Co-Investing Funds Part of Controlled Group and Liable for Portfolio Company’s Pension Liabilities
  • Proskauer Rose LLP
  • USA
  • April 5 2016

District Court finds affiliated funds acted in de facto partnership which controlled portfolio company; Decision may be significant in making private


Comment Letter Requests SEC Require Public Companies To Furnish Gender Pay Ratio Data To Investors
  • Proskauer Rose LLP
  • USA
  • March 28 2016

In a February 1, 2016 comment letter to the Securities and Exchange Commission ("SEC"), Pax Ellevate Management LLC Chair Sallie Krawcheck and Chief