The Delaware Court of Chancery recently invalidated a corporate bylaw provision requiring 66 ⅔ percent of the voting power...
Signing a contract under corporate seal. It can sound like a formality of a bygone era, but in some...
The Securities and Exchange Commission allows certain securities offered by a company or the transaction in which those securities...
In November, the Securities and Exchange Commission’s (SEC’s) Division of Corporation Finance issued new Compliance & Disclosure Interpretations (C&DIs)...
As a general matter, California law requires that investment advisers register with the state if they are providing investment...
The Securities and Exchange Commission’s (SEC’s) Division of Corporation Finance in November issued four new Compliance & Disclosure Interpretations...
It is common for shareholder agreements to include what is known as a drag-along, or bring-along, provision. This provision...
Liquidation preference is an essential part of preferred stock and is often considered to be among the most important...
Conversion discounts are often included in a convertible bridge note, specifying a discount rate that is applied to the...
Liquidation preferences are an important part of preferred stock terms. Digging a little deeper, there are two basic types...
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