Stinson Leonard Street Dodd Frank

MAKING SENSE OF DODD-FRANK

The Dodd-Frank Act has broad and deep implications that will touch every corner of financial services and multiple other industries. This site, developed and maintained by attorneys at Stinson Leonard Street, is dedicated to making sense of this complex legislation and helping businesses understand how it will affect them specifically. Our Bloggers »

Dodd-Frank Private Equity

OCIE Speaks On Private Equity Deficiencies

Private Equity Marc Wyatt, Acting Director, Office of Compliance Inspections and Examinations, of the SEC, recently gave his views on serious deficiencies found in examinations of private equity advisors at a conference attended by private equity officials. Mr. Wyatt highlighted the following: By far the most common deficiency noted in examinations relate to expenses and expense allocation. […] Read more →

by   |   May 14, 2015

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Obligations Under Earn-Outs Are Limited to What the Words Say

Litigation, M&A, Private Equity, Uncategorized The stockholders of Cyveillance, Inc., sold their company for $40 million up-front and a $40 million earn-out if the company’s revenues reached a certain level. Section 5.4 of... Read more →

by   |   April 26, 2015

Fed Governor Says Volker Rule Thresholds Should be Raised

Banking, Private Equity In testimony before a Senate committee, Federal Reserve Governor Daniel K. Tarullo suggested the threshold for the Volker rule should be raised.  He noted the Volcker rule and... Read more →

by   |   March 22, 2015

M&A

Exercising Drag-Along Rights After Merger Did Not Waive Appraisal Rights

M&A, Private Equity In Halpin et al v. Riverstone National, Inc., the Delaware Court of Chancery found that invoking drag-along rights against minority stockholders  after a merger did not waive... Read more →

by   |   February 28, 2015