On April 12, 2024, the US Supreme Court reversed the US Court of Appeals for the Second Circuit’s decision in Macquarie v. Moab Partners and held that a pure omission cannot form the basis of a securities fraud claim under...more
4/22/2024
/ Disclosure Requirements ,
Failure To Disclose ,
Macquarie Infrastructure Corp v Moab Partners LP ,
Omissions ,
Rule 10(b) ,
Rule 10b-5 ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Regulation ,
Securities Violations
In conjunction with our Q2 2023 Venture Financing Report, I sat down with Steve Harrick of Institutional Venture Partners (IVP) to get his take on the state of venture capital investing....more
A legal opinion is often one of the closing conditions for a venture financing of a US, particularly Delaware-incorporated, company. Founders of these companies will often ask us, “what is a legal opinion?” and “why do...more
In years past, a private company stockholder would have expected to wait until the company went public or was acquired to receive any return on investment. However, over the last several years, stockholders in many private...more