As we have discussed in previous customer alerts (see here and here), in the wake of the
Background
As we explained earlier, many companies planning IPOs or side offerings have started including FFPs in their certificates of incorporation or articles of incorporation following the listing.
After the Salzberg decision, at least four
The
In the first case in
With respect to the Underwriters and the Controlling Defendants, the court held that (i) under both
Conclusion
Even if
Footnotes
1 In addition to
2 A separate Securities Act case was brought against
The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.
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