Browsing All Posts published on »March, 2011«

When enough isn’t enough

March 31, 2011


Apparently Martha Stewart's fall from grace in 2001 (which stemmed from an insider trading scandal that netted all of $45,673) wasn't enough of a cautionary tale to David Sokol.

FCPA Liability in M&A

March 30, 2011


From Forbes: The DOJ’s and SEC’s more stringent enforcement of the FCPA has important implications for mergers and acquisitions. According to Rebekah Poston, an expert anti-corruption practitioner at the international law firm Squire Sanders & Dempsey, American companies who neglect to conduct thorough due diligence when acquiring foreign companies risk inheriting or creating FCPA violations. Acquiring a foreign company requires the performance of a number of affirmative duties on the part of the acquirer.

Venture Financing was up in 2010

March 29, 2011


Overall, Cooley's data pointed to a year marked by slow but steady improvement in the financing environment. In 2010, deal volumes reached a level not seen in the last five years. Median pre-money valuations increased across all deal stages and saw a significant increase in "up rounds" versus flat/down rounds. Up rounds represented 60% of all financings in 2010, a level not seen since 2008. Additionally, the percentage of recapitalization transactions fell in 2010, though the number of tranched deals remained flat from prior years.


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