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2 Feb 2023, 6:30 am
Musk, the Delaware Court of Chancery, in an opinion by Chancellor McCormick, held that the plaintiff stockholder of Twitter, Inc. was not a third-party beneficiary under the company’s merger agreement with Elon Musk and therefore lacked standing to sue for specific performance ordering Musk to close the merger. [read post]
2 Feb 2023, 6:30 am
Musk, the Delaware Court of Chancery, in an opinion by Chancellor McCormick, held that the plaintiff stockholder of Twitter, Inc. was not a third-party beneficiary under the company’s merger agreement with Elon Musk and therefore lacked standing to sue for specific performance ordering Musk to close the merger. [read post]
1 Feb 2023, 9:05 pm by renholding
  In addition to Elon Musk’s acquisition of Twitter, one of the most prominent M&A sagas in recent memory, significant tech transactions included large public company transactions, such as Microsoft’s $68.7 billion acquisition of Activision Blizzard, Broadcom’s $61 billion acquisition of VMware and Adobe’s $20 billion acquisition of Figma, as well as a number of large private equity-backed deals, including the $16.5 billion acquisition of Citrix Systems by… [read post]
1 Feb 2023, 2:39 pm by anne
Charles Schwab – The SEC hit Charles Schwab & Co., Inc., Charles Schwab Investment Advisory, Inc., and Schwab Wealth Investment Advisory, Inc. with $187 million in penalties and disgorgement for alleged misstatements and omissions about their conflict of interest in handling customer funds and the resulting drag on customer returns. [read post]
1 Feb 2023, 7:52 am by Iorio Altamirano
In a court filing made on December 15, 2022, in the Chapter 11 bankruptcy court, the Official Committee of Bondholders of GWG Holdings Inc. [read post]
1 Feb 2023, 6:34 am by Race to the Bottom
The shift has also led to VCs directing already affiliated startups to change spending habits. [read post]
31 Jan 2023, 1:13 pm by Daily Record Staff
The round was led by an affiliated fund of Greenbacker Capital Management LLC, which provides flexible capital and best-in-class guidance for growth-stage clean energy companies. [read post]
30 Jan 2023, 7:13 am by The White Law Group
    According to his FINRA Broker Report, Turner was affiliated with the following firms during his career,   09/24/2021 – 02/07/2022, STIFEL, NICOLAUS & COMPANY, INCORPORATED (CRD#:793), WACO, TX,    B, 03/08/1996 – 10/12/2021, UBS FINANCIAL SERVICES INC. [read post]
26 Jan 2023, 6:52 am by The White Law Group
   According to his broker report, Liddle was reportedly affiliated with the following FINRA registered firms, among others, during his career in the securities industry:04/27/2020 – 05/27/2022, LANDOLT SECURITIES, INC. [read post]
24 Jan 2023, 8:22 am by The White Law Group
  Scott Fries was reportedly affiliated with the following firms as a financial advisor among others, according to his FINRA BrokerCheck report:     10/03/2014 – 07/18/2019, TRANSAMERICA FINANCIAL ADVISORS, INC (CRD#:16164), CINCINNATI, OH    12/18/2008 – 09/22/2014, NYLIFE SECURITIES LLC (CRD#:5167), PIQUA, OH    FINRA reportedly barred Fries in 2019 after he failed to provide information in its investigation. [read post]
23 Jan 2023, 9:01 pm by renholding
The SEC recently proposed a set of sweeping equity market structure reforms across four rule proposals that would make highly significant changes to how national market system (NMS) stock orders are priced, executed and reported. [read post]
23 Jan 2023, 3:20 pm by Steve Lubet
One new question, according to the Washington Post, "asks recipients to reveal if anyone other than themselves are paying for legal representation," which appears to follow up on Hutchinson's testimony that her attorney — who was being paid by Save America PAC, a PAC affiliated with former President Donald Trump — had attempted to steer her testimony away from implicating Trump's coterie, at the expense of telling the full story. [read post]
19 Jan 2023, 12:49 pm by Kevin LaCroix
According to the solicitor general of the U.S. in Goldman Sachs Group Inc. v. [read post]
13 Jan 2023, 6:30 am by Guest Blogger
For the Balkinization 20th Anniversary SymposiumRichard Fallon  Although I have never before written anything for inclusion in a blog, I am pleased by this opportunity to celebrate Balkinizationfor its remarkable contributions over the past twenty years. [read post]