A federal magistrate judge in California has allowed a securities fraud suit against a late-stage private company to proceed despite the plaintiff investors holding a security interest only through intermediary,...more
5/4/2017
/ Advertising ,
Breach of Contract ,
Centers for Medicare & Medicaid Services (CMS) ,
Corporate Counsel ,
Initial Public Offering (IPO) ,
Investment Funds ,
Life Sciences ,
Pharmaceutical Industry ,
Sanctions ,
Securities Fraud ,
Securities Litigation ,
Theranos ,
Walgreens
Effective September 23, 2013, pursuant to new SEC Rule 506(c), issuers of securities are allowed to reach “accredited investors” through general solicitation as long as they take adequate precautions to a) limit the offering...more