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Obligations And Potential Liabilities Of Attorneys In Public And Private Offerings, William O. Fisher

Law Faculty Publications

This chapter examines issues that attorneys face when performing services for developing companies, with particular focus on private offerings and the initial public offering ("IPO"). In private and public offerings, both the securities laws and the issuer's interests mandate that the offering document present full and fair disclosure of the issuer's business and financial condition. In assisting an issuer, attorneys share this goal; and can face liability if they err when providing services in such a transaction.