Attys Play Monday Morning Quarterback For Athlete IPOs

Law360, New York (November 13, 2013, 6:42 PM EST) -- A marketing company’s plan to offer stock in athletes based on their earnings took a hit after two clients in the National Football League suffered injuries, prompting securities attorneys to question whether the concept was doomed from the start.

The legal industry is abuzz over Fantex Inc.’s “convertible tracking stocks,” which combine aspects of fantasy football and investing. The company acquires a minority stake in the future earnings of an athlete, referred to as a “brand,” and sells shares with values tied to the athlete’s economic...
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