While always complaining about being underfunded, the staunch public servants at the US Securities and Exchange Commission will be able to stay open for a bit during the just commenced government shutdown resulting from Congress' failure to pass appropriate spending bills. According to Time online, an...
Tomorrow is the big day. On September 23, the new SEC rules ending the ban on general solicitation in certain private securities offerings, mandated by the Jumpstart Our Business Startups (JOBS) Act, become official. As long as you limit ultimate purchasers of securities to "accredited...
If you enjoy experiences in which you feel your head can explode, let someone knowledgeable and objective talk to you about all the different ways a company can go public. IPO. Self-underwriting. Self-filing through Form 10. Self-filing through Form S-1. Reverse merger with trading shell,...
I have to admit I've been a space buff since I was a young lad and men first landed on the moon. Voyager I was first launched in 1977 to explore the solar system and universe. It's complete with 8-track tapes and discs that carry...
It just came over the wires that social media company Twitter has filed a registration statement with the SEC to go public in an IPO. They told the world about it, of course, in a tweet. What's interesting is that the company, with over 200...
Believe it or not, it was five years ago this week that Lehman Brothers, then one of the largest Wall Street houses, fell apart. In the week or two after the largest bankruptcy filing ever ($600 billion in assets) on September 15, 2008, tremendous fear...
The ABA Journal reports that more and more law firms, and employers generally, are hiring folks part-time. The story notes that 80% of the almost 1 million jobs created in 2013 were part-time. Supposedly around 20% of those workers want full-time work. New lawyers who find...
The New York Times reports an interesting trend: more and more restaurants replacing tipping with a mandatory surcharge, or across the board increase in food prices, and the extra is shared with all employees of the establishment. Many hotels have been doing it for years, and...
As a follow-up to my post the other day, it turns out the leader of the free world agrees with me that the third year of law school either needs to change dramatically or be eliminated. He was giving a talk at Binghamton University here...
As another school year is about to begin, a major additional drop in law school applications for the class entering now is quite startling. Applications are down 18%, and the number of applicants has dropped 12%, down the third year in a row. Wow. The ABA...