. Under Section 3(a)(11) of the 1934 Act, "equity security" is defined as "any stock or similar security; or any security future on any such security; or any security convertible, with or without consideration, into such a security, or carrying any warrant or right to subscribe to or purchase such a security; or any such warrant or right; or any other security which the Commission shall deem to be of similar nature and consider necessary or appropriate, by such rules and regulations as it may prescribe in the public interest or for the protection of investors, to treat as an equity security." Under Rule 3a11-1, "equity security" is defined to include "any stock or similar security, certificate of interest or participation in any profit sharing agreement, preorganization certificate or subscription, transferable share, voting trust certificate or certificate of deposit for an equity security, limited partnership interest, interest in a joint venture, or certificate of interest in a … [Read more...] about SEC Adopts Rules Exempting Venture Capital Fund Advisers from SEC Registration and Setting Forth Reporting Regime
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Fox News senior judicial analyst Judge Andrew Napolitano said Thursday Congress can impeach anyone they want “for the reasons set forth in the Constitution and the courts have no say in it," responding to President Trump's pledge that he would go all the way to the Supreme Court if the “partisan” Democrats try to impeach him. … [Read more...] about Judge Nap on impeachment: ‘Congress can impeach anybody for the reasons set forth in the Constitution’
Eisenhower also specifically called on the legal profession to promote and participate in Law Day activities. He wrote that “a day of national dedication to the principle of government under laws would afford us an opportunity better to understand and appreciate the manifold virtues of such a government and to focus the attention of the world upon them.” … [Read more...] about Law Day and other activities honor Magna Carta, the document that set forth basic legal rights
The in-depth inquiry directed by the Third Circuit provides a checklist of elements that employers should incorporate into the drafting of restrictive covenants. A covenant-not-to-compete should be limited to the protection of the legitimate business interest of the employer, and should not be overly-broad in either a temporal or geographic respect; a confidentiality agreement should protect proprietary information, including trade secrets, and should not be extended in an attempt to protect information that is otherwise publically available; and non-solicitation covenants should preclude a former employee’s solicitation only of actual or probable customers, and not speculative ones. Because an appropriate court review should include all of these factors, employers should recognize that restrictive covenants that extend beyond those boundaries may be subject to revision or non-enforcement by the courts. … [Read more...] about Third Circuit sets forth the criteria to support the imposition of an injunction related to a non-compete agreement.
A break in custody of more than two weeks is sufficient for new questioning without a lawyer, according to the opinion (PDF) by Justice Antonin Scalia. All of the justices agreed with the ruling for the state, although two—Justices John Paul Stevens and Clarence Thomas—did not agree with the 14-day rule. … [Read more...] about Supreme Court Sets 14-Day Rule for Questioning of Suspect After Lawyer Request