Last week, a federal judge declared that Delaware’s lawallowing Chancery judges to preside over secret arbitrations was unconstitutional.  The Delaware Coalition for Open Government challenged the law on the grounds that a judge-presided arbitration functioned essentially like a non-jury trial before a Chancery Court judge, and Judge McLaughlin agreed, noting, “Because it is a

Yesterday, the SEC proposed rules to implement Section 201(a) of the JOBS Act, which mandates the elimination of the prohibition against general solicitation in Rule 506 and Rule 144A offerings.  The proposed rule answered the major questions securities professionals were asking about these reforms:  would the new Rule 506 replace the old (no), would “reasonable

I did another interview with LXBN TV this afternoon.  In some ways, it went better than the first.  Instead of an opening shot where I look like I’m trying to find the fastest escape route out of the imminent stammer-fest, now I just look really, really sad, like someone just yelled at a puppy.  And