“We can think about the race to float … as a refutation of the claim that public markets are so broken that Silicon Valley stars are choosing to stay private ….” https://t.co/z7O60ILFJV #corpgov
— Stefan Padfield (@ProfPadfield) March 27, 2019
“communications among two or more board members serving on behalf of a private equity firm regarding their actions as board members may constitute ‘books and records of the company’ for which any other director may … demand the right to inspect” https://t.co/Bq9nfN8ouI
— Stefan Padfield (@ProfPadfield) March 25, 2019
“the majority in Citizens United v. FEC was describing its doctrine specifically in the realm of public discourse …. In other settings, courts have long treated certain speakers differently” 90 U. Colo. L. Rev. 441 #corpgov
— Stefan Padfield (@ProfPadfield) March 24, 2019
“Lyft plans to report revenue on a net basis, excluding the money paid to drivers. Uber … will be hard-pressed to break the mold …, given that the businesses … share PwC as an … auditor, something highly unusual for fierce competitors.” https://t.co/2x0tNjRWF4 #corpgov https://t.co/kn68IBDrPe
— Stefan Padfield (@ProfPadfield) March 23, 2019
“The law of successor criminal liability is simple–corporate successors are liable for the crimes of their predecessors. Always.”
36 Yale J. on Reg. 1 #corpgov— Stefan Padfield (@ProfPadfield) March 24, 2019