In March, Snap Inc. announced that it and the selling stockholders had sold of 230 million shares of Class A Common Stock to the public at an initial public offering price of $17.00 per share. The gross proceeds of the offering to the company and...
Qualification Of Offers And Sales Of Non-Voting Common Stock Is No Snap In California
Posted on
May 02, 2017
California Securities Laws, 10 CCR Section 260.140.1, non voting common stock, NYSE, preemption, Section 25100(o), Bernard Sharfman, Hazel Bradford, Snap Inc., Stephen Bainbridge
California And Van Gorkom
Posted on
May 01, 2017
As a corporate lawyer, it is hard to ignore the Delaware Supreme Court's opinion in Smith v. Van Gorkom, 488 A.2d 858 (1985) overruled on other grounds Gantler v. Stephens, 965 A.2d 695 (Del. 2009). Professor Stephen Bainbridge has called it "one...
Corporate Governance, 102(b)(7), 204(a)(10), Bayless Manning, Bernard Sharfman, Gantler v. Stevens, Katz v. Chevron, Smith v. Van Gorkom, Stephen Bainbridge
