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Results: 1-10 of 166

New California Law Requires Increased Private Fund Fee and Expense Disclosure
  • Proskauer Rose LLP
  • USA
  • September 27 2016

Recent state legislative developments in California will require disclosure of certain information by private investment fund managers, primarily in


Second Circuit Affirms Exclusion of Certain Foreign Purchasers and Purchases from Securities Class Action
  • Proskauer Rose LLP
  • USA
  • September 27 2016

The U.S. Court of Appeals for the Second Circuit issued a lengthy opinion today in the long-running In re Vivendi, S.A. Securities Litigation


Taming the Bull Rider: Chancery Court Reining in Mootness Fee Awards in Merger Litigation
  • Proskauer Rose LLP
  • USA
  • September 13 2016

Last month, the Delaware Chancery Court drastically reduced - from $275,000 to $50,000 - a mootness fee award requested by plaintiffs’ counsel in a


SEC Adopts Changes to Form ADV Affecting Advisers to Private Investment Funds
  • Proskauer Rose LLP
  • USA
  • August 31 2016

On August 25, 2016, the U.S. Securities and Exchange Commission (SEC) adopted numerous substantive and technical amendments to Form ADV, Part 1A


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