We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Mangan: A Blow To SEC Regulation Of PIPEs Market

Law360 (October 30, 2007, 12:00 AM EDT) -- The Hon. Graham C. Mullen, the United States district court judge for the Western District of North Carolina, dealt the Securities and Exchange Commission a serious setback in its efforts to impose trading restrictions on hedging activity in the market for private placements in public equities (PIPEs).

With any luck, Judge Mullen's ruling, issued Oct. 24, 2007, may be the beginning of the end for the SEC's attempted application of Section 5 of the Securities Act of 1933 (Section 5) to PIPEs.

According to the SEC's...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.