Law360, New York (January 04, 2011, 6:00 PM ET) -- 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.”