Some interesting legal reads for the week of February 17, 2014:
- DealBook’s The Deal Professor on an attempt to de-decimalize trading of small company stocks.
- Keith Paul Bishop on a recent SEC no-action letter relating to private company M&A brokers.
- The Wall Street Journal on state-level LLC formation fees, including a discussion of New York’s publication requirement, which would be scaled back under a pending bill.
- DealBook on what it terms the “Stealth I.P.O.” – while not inaccurate, the article paints the JOBS Act process for confidentially submitting S-1 registration statements for smaller IPOs as somehow enabling companies to withhold information from investors, though as the article goes on to note, there is a mandatory 21-day period during which the information can be reviewed and digested.