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14 Jul 2024, 11:48 am by DLA Piper LLP
IA-6368 (Aug. 23, 2023) (the Adopting Release) available at https://www.sec.gov/files/rules/final/2023/ia-6383.pdf.[2] National Association of Private Fund Managers v. [read post]
To qualify for such safe-harbor, a venture capital fund must: (i) issue interests to no more than 35 non-accredited purchasers of securities (see below), (ii) not offer or sell securities by any form of a general solicitation or general advertisement (see below), (iii) exercise reasonable care to assure that the purchasers of the securities are not underwriters and that the purchasers are not acquiring the securities for the purpose of resale; and (iv) file certain forms with the… [read post]
12 Jul 2024, 6:00 am by Public Employment Law Press
Co., 209 AD3d 812, 814 [internal quotation marks omitted]; see Chipotle Mexican Grill, Inc. v RLI Ins. [read post]