A private placement memorandum has its advantages with raising capital. Below we will discuss some of these advantages. Three Reasons to Provide Potential Investors with a Full Private Placement Memorandum (PPM) to effectively market your company to potential investors; to negotiate with your investors from a position of strength and to protect yourself from liability…

“On May 3, 2019, a federal district court entered a final consent judgment against a broker who was charged with defrauding customers by making unsuitable and unauthorized trades and churning customers’ accounts, which enriched the broker at the customers’ expense.”  The case was filed by the Securities and Exchange Commission in September of 2017.   Churning…

The (“SEC”) Securities and Exchange Commission awarded a whistleblower $5,000,000 after successful enforcement action was brought against the company using the information provided by the whistleblower. The $5,000,000 sum was calculated as a percentage of the monetary sanctions the SEC collected from the company after the whistleblower voluntarily provided original information, saving the SEC time…

The Securities and Exchange Commission (“SEC”) charged Antonio Bravata, a repeat securities law violator, with securities fraud after learning that Bravata was offering securities of a company he owned and controlled while serving his sentence for another Ponzi scheme.  The SEC was able to put a stop to the securities offering before any money was…

Initial Coin Offerings and Celebrities? On November 29, 2018, the Securities and Exchange Commission (“SEC”) charged two celebrities with unlawfully touting initial coin offerings (“ICOs”). This is the first time that the SEC has brought touting violation charges involving ICOs. Professional boxer, Floyd Mayweather Jr. and music producer Khaled Khaled, commonly known as DJ Khaled,…

Cryptocurrency entrepreneurs and the SEC, what’s going on? Hester M. Pierce. Commissioner to the U.S. Securities and Exchange Commission (“SEC”) gave a speech via video in Zug, Switzerland on November 7, 2018 on the impressions that the United States regulatory environment is giving to today’s cryptocurrency entrepreneurs. What did Hester M. Pierce Have to Say…

You can tell a lot about different companies from their initial public offerings and private placement offerings. Just ask the nation’s corporate securities law firms, and IPO attorneys. Though it’s unclear whether it worked with a securities law firm or not, fast food chain Shake Shack recently filed their own plans for a $100 million…

UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: LYONDELL CHEMICAL COMPANY, et al., Debtors. EDWARD S. WEISFELNER, AS LITIGATION TRUSTEE OF THE LB CREDITOR TRUST, Plaintiff, v. FUND 1., et al., Defendants. Chapter 11 Case No. 09-10023 Jointly Administered Adversary Proceeding  Case No. 10-4609 (REG) DECISION AND ORDER ON MOTIONS TO DISMISS APPEARANCES: BROWN…

Recent News on the Lyondell Clawback Litigation from Cadwalader, Wickersham & Taft: On January 14, 2014, Judge Robert E. Gerber of the United States Bankruptcy Court for the Southern District of New York in Weisfelner v. Fund 1. (In re Lyondell Chemical Co.), Adv. Proc. No. 10-4609 (REG), 2014 WL 118036 (Bankr. S.D.N.Y. Jan. 14, 2014) held that…

Page 5 of 6 1 3 4 5 6