Goldman's Facebook Stake May Force SEC's Hand

Law360, New York (January 4, 2011, 6:00 PM EST) -- The U.S. Securities and Exchange Commission is likely to examine Goldman Sachs Group Inc.'s reported $500 million investment in Facebook Inc., possibly resulting in the social networking giant's registration as a public company far earlier than expected, attorneys say.

“The real question is, are they evading registration requirements?” said Thomas O. Gorman, a partner at Dorsey & Whitney LLP and the author of the blog SEC Actions. “If they are, then you could have a violation of the securities laws.”

On Monday, the New York Times...
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