It may just be as important a development as the first mass production of cars by the Ford Motor Company in the 1920s. That same company, Ford, announced yesterday it will build a fleet of driverless cars for ride sharing or ride-hailing by 2021. That...
In what is mostly a blow to the burgeoning legal marijuana industry, the Drug Enforcement Administration decided not to remove marijuana from the list of Schedule I drugs under the Controlled Substances Act, continuing to deem it as dangerous as heroin and LSD. Meanwhile, other...
That's not a typo. Colin O'Kroley of Cincinnati sued Google for $19 trillion. He claimed the search engine wrongfully suggested he was involved in criminal activity. According to the ABA Tech Journal, a search for O'Kroley's name brings up something called "Texas Advance Sheet" which reads "indecency...
You can't be guilty of money laundering if no money is involved. That's what Miami Judge Teresa Mary Pooler ruled earlier this week. Poor Michell Espinoza, a seller of cryptocurrency Bitcoin, was the subject of a sting by the Secret Service and Miami Beach Police. The...
Several recent articles are suggesting that "the jury is still out" on whether Regulation A+ will indeed usher in a new era of small, cost-effective IPOs. We all knew there would be, as my late sailor father used to say, a shakedown cruise as with...
Hostess Brands LLC, which makes the iconic Twinkies, cupcakes, Ding Dongs and others, is going public by merging with a public "shell" vehicle known as a special purpose acquisition company, or SPAC. Current owners Apollo Global Management and others will give up control but retain...
A few months ago, a BNP Paribas study, reported on by Fortune, confirmed what many of us have been seeing for the last 3-5 years. The millennials, those aged around 20-35, are starting their own businesses at a dramatically higher rate and younger age than...
Sometimes they listen! The SEC today releases a proposal that would increase the number of companies eligible to be "smaller reporting companies." SRCs get the benefits of reduced disclosure over other public companies. Two years of financial statements instead of three, for example. Currently you...
In a move seen by many as a major positive for the burgeoning cannabis industry, Microsoft has publicly announced a partnership with a software company in the space. That company, Kind, has developed software that helps state governments track growers' and sellers' compliance with their...
I have now had a chance to read the 23-page, very well-written, clear and concise DC Circuit court opinion on the Reg A+ challenge brought by two states. The ruling started with a brief history of securities law, how it started with the states but...