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The Business Lawyer As Terrorist Transaction Cost Engineer, Royce De R. Barondes
The Business Lawyer As Terrorist Transaction Cost Engineer, Royce De R. Barondes
Faculty Publications
Lawyers have garnered a reputation for being unreasonable and excessively contentious. This popular sentiment is embedded in our culture. If lawyers cannot change that perception, a second-best outcome (from the perspective of lawyers) would be the formation of an understanding that there is a reason why they appear to act unreasonably, that it can be desirable for lawyers to act in a way that initially appears to be unreasonable. This Article attempts to build a basis for that understanding in the context of lawyers participating in large commercial transactions.
Adequacy Of Disclosure Of Restrictions On Flipping Ipo Securities, Royce De R. Barondes
Adequacy Of Disclosure Of Restrictions On Flipping Ipo Securities, Royce De R. Barondes
Faculty Publications
This Article examines the implications of this practice under the disclosure obligations imposed by federal securities laws and concludes that the current disclosure is materially misleading, particularly in light of the failure to disclose the selective application of the penalties. Moreover, the selective application of the penalties casts significant doubt on whether these offerings can be considered “fixed price” offerings, which would mean that cursory disclosure of the practice would not suffice.