Securities
Aug. 13, 2003
IPO Report Backs Reforms to Boost Confidence of Investors
Focus Column Corporate Law By Thomas C. Klein Three hundred public companies, their insurers and investors recently agreed to settle a class action stemming from the selling practices of certain investment banks in marketing initial public offerings. The investors' complaint alleged a vast scheme to defraud the investing public through illegal arrangements that artificially inflated the market prices of the securities sold in these IPOs. The tentative settlement is $1 billion.
Corporate Law
...
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In