Revamping Rule 144 — What Really Changed?

Law360, New York (February 12, 2010, 1:43 PM EST) -- The changes to Rule 144 that went into effect two years ago were expected to change market practices in deals involving the issuance of restricted securities, including offerings of high-yield debt to finance private equity transactions.

While the freeze in the capital markets in late 2008 and early 2009 inevitably stalled the development of new practices, the impact of the changes to Rule 144 on market practice is now beginning to take shape.

As discussed further below, the changes to Rule 144 have not really moved...
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