Tag Archives: IPOs

Hontex Ruling Raises D&O Questions

HongKong Stock Exchange Legal Ruling

A recent ruling by Hong Kong regulators against Hontex, a high-tech fibre manufacturer, raises some interesting questions around the extent of D&O insurance. The update related to an order made by the Courts in Hong Kong against Hontex International Holdings Company Limited, which required them to buy back HK$1.03bn, (approx. US$130m) as a result of false and misleading information in a prospectus. Continue reading →

Facebook IPO and Loss Causation

When a giant stumbles everyone takes notice, when they happen to be in the field of social media, people tweet, flickr, blog and otherwise talk. When investors lose money in the U.S., they also sue. They sue everyone who they … Continue reading →

JOBS Act Analysis: Underwriter Analyst Coverage Now Allowed (3rd in a Series)

In part three of our JOBS Act analysis series, we discuss its amendments to the Securities and Exchange Acts, which allow companies' underwriters to issue research and recommendation on the qualifying companies they are underwriting. Continue reading →

JOBS Act Analysis: Reduced Disclosure Requirements for IPOs (2nd in a Series)

The JOBS Act (formally, the “Jumpstart Our Business Startups Act“) was designed to facilitate raising capital by reducing regulatory burdens. Specifically, the Act creates a separate class of issuers under the U.S. Securities Act of 1933 and the Exchange Act … Continue reading →

JOBS Act Analysis: What the Law Means for Small Businesses, Financial Institutions, and Insurers (1st in a Series)

President Obama signs the Jumpstart Our Business Startups (JOBS) Act April 5, 2012 With the signing of the JOBS Act 2012 (Jumpstart Our Business Startups), the ability for smaller companies to raise money—and financial institutions to get in trouble—just got … Continue reading →

5 Financial News Stories You May Have Missed — With a Lot of Private Information

This week: Bank of America, Wells Fargo, Citibank, JP MorganChase, Ally Bank, Wegelin & Co., Fidelity Investments, Sarbanes-Oxley, Dodd-Frank, Facebook, SEC Continue reading →