. 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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“Don McGahn doesn't work for the government anymore, so he could walk in to Jerry Nadler's committee hearing room and just take the oath and start testifying, I don't think he’s going to do that, I think he’s going to defer to the White House’s wishes, which is to challenge the subpoena. So ultimately a judge will decide.” … [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
While a restrictive covenant may legitimately protect certain business-related interests, the Third Circuit specifically held that eliminating competition or gaining an economic advantage is not a legitimate business interest. Further, while the courts have discretion to “blue pencil” an agreement by limiting restrictive covenants to terms that are reasonably necessary for the protection of the employer’s business interest, the Third Circuit also pointed out that over-broad restrictions suggest an “intent to oppress the employee and/or foster a monopoly, either of which is an illegitimate purpose,” and could lead a court to invalidate an entire agreement. The Court also pointed out that because some Pennsylvania courts have shown a reluctance to enforce restrictive covenants against an employee who leaves employment involuntarily, the lower court here should have determined whether enforcement of a restrictive covenant against Caserta is appropriate under … [Read more...] about Third Circuit sets forth the criteria to support the imposition of an injunction related to a non-compete agreement.
The child sexual abuse suspect whose case was before the Supreme Court, Michael Blaine Shatzer, had been questioned without a lawyer two-and-a-half years after his initial request for counsel. During the new round of questioning, Shatzer waived his Miranda rights before making an incriminating statement about abuse of his 3-year-old son. “I didn’t force him,” Shatzer said, according to police. … [Read more...] about Supreme Court Sets 14-Day Rule for Questioning of Suspect After Lawyer Request