Bernard Madoff used a Ponzi scheme to swindle the very wealthy, particularly rich foreigners. Like other financial institutions and professionals, Madoff offered investors an illusory product and was unsatisfied with providing necessary, but mundane, securities...

SUMMARY : Since the 2000 Electronic Release, company Web sites have progressed to include blogs, shareholder forums and a variety of other information of interest to investors -- information produced both by the company and third-parties. The release of...

Various types of transactions may implicate the tender offer rules, including acquisition transactions, debt or equity repurchases and certain debt restructurings. As such, practitioners should have a general familiarity as to what may constitute a tender...

An "initial public offering" (IPO) is typically used when a business decides to "go public" to raise capital by offering ownership interests in the company to the public at large. The federal securities laws require the company to file...

This last year has witnessed some of the most significant developments in securities class action jurisprudence in decades, led by the U.S. Supreme Court's very prominent interest in securities cases, and its decision to grant certiorari in two important...

There has been significant interest in “going private transactions,” which are generally defined to be transactions in which a controlling shareholder, the executive management team, or other person seeks to “take the company private”...

The global market for securities surges. The global stock of financial assets is now around 186 trillion U.S. dollars, a figure one and a half times higher than it was just 15 years ago; new capital raising worldwide is up 40% from the last year; cross-border...

Although the SEC's efforts to directly regulate hedge funds have been thus far unsuccessful, its enforcement program against hedge funds and their investment advisers remains aggressive. Hedge funds are some of the most active traders on Wall Street and represent...