In This Issue:

- Avoiding Repricing Pitfalls

- America Invents Act: Practical Considerations for Portfolio Companies.

- Excerpt from Avoiding Repricing Pitfalls:

Perhaps it is no more than a result of a very active, if not somewhat frothy, auction market, but people are commenting that repricing seems to be occurring more often than usual. To the extent this is even accurate, there are many factors that could be contributing to the cause, such as continuing economic uncertainty or unevenness of economic recovery. A possible factor that is rarely mentioned but is perhaps particularly relevant is the effect of a decline in sell-side due diligence.

Please see full issue below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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